“We have reached a point in SaaS where a small fraction of an incumbent is a billion-dollar company. If you start a business tomorrow that is able to cleave 1% of revenue from Salesforce, you will have built a billion-dollar […]
How do you value a company? “Reflecting on this question a founder posed this week, I remembered how we came to be here, the three eras of startup pricing: cash-flow, multiples, and discount-to-future-value.” | learn more
“Machine learning generated content is just the next step beyond TikTok: instead of pulling content from anywhere on the network, GPT and DALL-E and other similar models generate new content from content, at zero marginal cost. This is how the […]
“Pokemon Go creator Niantic revealed its next game yesterday, an augmented reality pet simulator named Peridot. … Similar to Pokémon Go, the game uses a phone’s camera to make the creatures visible in an overlay to the real world, using […]
“I believe that we will continue to see more and more traditional venture capital firms decide to register because their business models will need to evolve as the overall venture capital industry continues to change and competition increases.” | learn more
The cofounder of the original smart watch, Eric Migicovsky, shares his story. “I’ve been giving a talk on the importance of learning from failure to every YC batch for last few years. I wrote this post in 2017 but never […]
“Fast, a buzzy startup that attracted more than $120 million in investment to help people expedite online purchases, is shutting down, according to the company’s chief executive, Domm Holland.” | learn more
“In January 2021, OpenAI introduced DALL·E. One year later, our newest system, DALL·E 2, generates more realistic and accurate images with 4x greater resolution.” | learn more
Beware of selection bias here, even when it’s not obvious (i.e. the last decade might be unique). “We analyzed over 2,600 seed-stage startup investments made on AngelList dating back to 2013 to determine the likelihood of any startup achieving unicorn […]
From Benedict Evans. “Amazon’s ad business is bigger than YouTube and more profitable than AWS. Shein is the biggest fast-fashion retailer in the US, with no stores. US pay TV subscribers have fallen by a third. Where do ad budgets […]