Reddit to be the first major social media IPO since Pinterest, Instagram encourages teens to limit their time on the app at nighttime

Top News

Reddit has drawn up plans for an IPO in March 2024, with a public filing in late February, the first major social media IPO since Pinterest's in 2019. - Link

Instagram introduces nighttime nudges for teen accounts to limit their time on the app, which appears when teens spend >10 minutes on Instagram Reels or DMs late at night. - Link

BMW will deploy Figure’s humanoid robot at its South Carolina plant, beginning with five initial tasks for the models, which will be rolled out one at a time. - Link

Singapore-based PatSnap builds out its suite of AI products with the launch of its AI assistant CoPilot, letting users search patent and non-patent literature quickly. - Link

OpenAI announces a deal with Arizona State University, which will have full access to ChatGPT Enterprise and plans to build personalized AI tutors. - Link

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Advice of the Day

The Formula for Startup Growth 

Mixpanel founder, Suhail Doshi, reveals three questions to answer in the first 24 months of building a company:

1. Is my product easy to understand?

2. Is it easy to get started with my product?

3. Are people coming back to my product?

He suggests that these questions can be answered by considering the following elements: visits, sign-ups, people who found value, retention, and product spread. - Link

Startup Demo of the Day:

Modelize.ai 1.0 allows teams to use AI to generate custom workflows for team projects and marketing campaigns. Users input a project need and get a full workflow built instantly, where the AI breaks down large projects into smaller, achievable action items.

Founder University is a 12-week pre-accelerator program run by Jason/LAUNCH for builder founders. We're investing $25k in 20-30 companies from Cohort 7. Apply at founder.university/letsbuild.

This Week in Startups

E1882: Joshua Berkowitz from Berkocorp joins host Jason to discuss various facets of VC and fundraising. They cover why family offices are increasingly diversifying into VC, focusing on aspects such as higher returns and the entrepreneurial element. The conversation also explores how venture firms make decisions, weighing consensus against individual decision-making, and what it takes for a VC fund to succeed. - Watch

E1881: Flexport's CEO, Ryan Petersen, covers topics including the company's focus, pick-and-pack economics, global logistics challenges, the Red Sea Crisis impact, trends in sourcing, and the effects of the market collapse on CEO transition. The conversation also touches on leadership challenges, decisions on going public, and the state of the global workforce and remote work. - Watch

E1880: Sunny joins Jason to discuss CES, emphasizing AI's role. They review the Rabbit device and its impact, evaluate Rabbit R1 and purpose-built devices, and explore AI integration with Large Language Models. Sunny demos Elli Q for the elderly and showcases a kid-friendly smartphone. The GPT store launch is highlighted, focusing on its disruptive potential using All Trails as a case study. - Watch

E1879: David Weisburd hosts Michael Kim and Jason Calacanis in a discussion about the world of VCs, LPs, and GPs. They explore topics such as doubts LPs may have about VC startup valuations, Jason's LP strategy, best practices in LP portfolio management, evaluating different GP strategies for secondary deals, and the challenges of starting a new firm. - Watch

E1878: Dara Khosrowshahi, CEO of Uber, joins Bill Gurley, Brad Gerstner, and Jason to discuss Uber's journey and future. Uber's position entering 2024, myths about the company, its early appeal to investors, the influence of valuations on founder mindset, the role of secondary markets, and untold company stories are shared. Uber’s future strategies to upsell and integrate AI are also discussed. - Watch

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