Tomasz Tunguz and David Clark on how to invest in AI and Q1 2024 startup valuations | E1930

This Week in Startups is brought to you by… Squarespace. Turn your idea into a new website! Go to http://www.Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain. OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at http://www.openphone.com/twist CLA. Innovation takes balance. CLA's CPAs, consultants, and wealth advisors can help you get from startup to where you want to end up. Get started now at CLAconnect.com/tech Todays show: David Weisburd hosts David Clark, Tomasz Tunguz, and Jason Calacanis to discuss the new YC class (1:59), startup valuations (19:34), the investment landscape (30:17), and more! * Timestamps: (00:00) David Weisburd intros David Clark, Tomasz Tunguz, and Jason Calacanis (1:59) The latest YC class and rise of AI startups (9:36) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST (10:55) Role of the founding team in AI startups (19:34) Startup valuations and the changing landscape of seed deals and Series A rounds (29:01) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist (30:17) Tomasz Tunguz’s journey to raising his fund and the challenges of the VC industry (37:32) Personality types in venture capital and handling company wind downs (39:20) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://claconnect.com/tech (40:52) VC’s moving out and the challenge of picking the right company to invest in (59:27) Active reserves management (1:09:00) Lightning round: Top 3 investments * Mentioned on show: https://motherduck.com https://arbitrum.io https://www.omni.co https://www.podengine.ai https://www.getrecall.ai https://newcomergames.com * Follow David Clark: X: https://twitter.com/daveclark85 LinkedIn: https://www.linkedin.com/in/david-clark-6678b6b/ Check out VenCap: https://www.vencap.com/ * Follow Tomasz Tunguz: X: https://twitter.com/ttunguz LinkedIn: https://www.linkedin.com/in/tomasztunguz Check out Theory Ventures: https://theory.ventures * Follow Jason: X: https://twitter.com/Jason LinkedIn: https://www.linkedin.com/in/jasoncalacanis * Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp * Thank you to our partners: (9:36) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST (29:01) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist (39:20) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://claconnect.com/tech * Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland * Check out Jason’s suite of newsletters: https://substack.com/@calacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin Instagram: https://www.instagram.com/thisweekinstartups TikTok: https://www.tiktok.com/@thisweekinstartups * Subscribe to the Founder University Podcast: https://www.founder.university/podcast