Sam Altman’s net worth reaches $1B, Spotify launches a beta to let users generate playlists using a text prompt

Top News

Sam Altman's net worth reaches $1B, driven by startup investments in Reddit, Stripe, YC companies, and others, despite no equity in OpenAI. - Link

Denver-based digital marketing company Ibotta prices its 2.5M IPO shares at $76-$84 each, seeking to raise $472.5M; Ibotta had a $1B valuation in 2019. - Link

Microsoft announces Microsoft AI London, a new hub for its consumer AI division led by former Inflection AI and DeepMind engineer Jordan Hoffmann. - Link

Spotify launches AI Playlist in beta for its Premium users in the UK and Australia, letting users generate playlists using a text prompt. - Link

How some teachers are using AI tools like ChatGPT, Writable, Grammarly, and EssayGrader to help grade papers, make lesson plans, and create assignments. - Link

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Startup Demo of the Day:

Lancepilot is a WhatsApp cold outreaching tool that lets you run single and sequence campaigns to your targeted prospects. It also comes with loaded inbox, workspaces, CRM and analytics to scale your marketing. - Link

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

E1927: David Weisburdm, Apurva Mehta, Jack Altman and Jason Calacanis discuss investment strategies, the growing interest of pension funds like CalPERS in venture capital, and the implications of higher liquidation preferences for later-stage investments. - Watch

E1926: Elliot Shmukler, with experience from InstaCart, LinkedIn, and Anomalo, shares valuable growth tactics for startups, emphasizing the power of referral programs, the effectiveness of "Give to Get" strategies, and the importance of conversion rate optimization for sustaining virality and scaling business operations. - Watch

E1925: Brannin McBee of CoreWeave discusses the transition from cryptocurrency to AI, focusing on the energy efficiency, cost, and future of GPU-based cloud infrastructure. He touches on the dominance of Nvidia, the potential of open source chips, and the impact of AI on industries like search engines, advertising, and e-commerce. - Watch

E1924: Sunny and Jason discuss the economics of query processing and hardware costs, the performance of chatbots including the LMSYS Chatbot Arena, and the evolution of modern answer engines like You.com and Perplexity. - Watch

E1923: Dave McClure, Jordan Stein, and Jason Calacanis join David Weisburd to discuss the impact of Y Combinator's (YC) investment strategy on the startup ecosystem, highlighting their demo days, the strategy behind investing in the YC ecosystem, and the role of secondary funds under current macroeconomic conditions. - Watch

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