SVB, SBF and (more) OpenAI: The 2023 chronicles, pt. 2

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Hi there and welcome again to Equity, a podcast in regards to the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.

That is the second of a two-part collection wanting again at 2023. Mary Ann and Alex known as on two colleagues to assist us chat by means of a number of the yr’s largest occasions. Right here’s what we bought into!

• The decline and fall of SVB: A lot has occurred for the reason that chaos at Silicon Valley Bank unfolded earlier this yr, however the sudden and surprising downfall of what was successfully the household financial institution of tech despatched waves all through the worldwide know-how panorama. Enterprise was impacted, public firms have been impacted and some startups actually got a boost!
• Chaos at OpenAI: One other weekend-powered interval of excessive drama in tech this yr was the defenestration of Sam Altman from his role at OpenAI, just for the tide to completely flip briefly order, Altman back to the co, and a lot of the people who wished him out gone themselves. This one remains to be creating, so we had Devin Coldewey on to assist us perceive what’s coming subsequent.
• SBF’s trial: It was lengthy. It was tedious. It was often very attention-grabbing. However ultimately, former FTX CEO Sam Bankman-Fried was found super-duper guilty for varied monetary crimes referring to his now-failed crypto alternate. We invited Jacquie Melinek again on the present to revisit the saga with us.

You’ll find half one among our year-end roundup here when you want much more! And don’t overlook, Fairness has much more nice stuff coming your approach, so stick near your favourite podcast app.