Dead Cat

For this week’s episode, I spoke with Chris Miller, the author of Chip War , about the rise of Nvidia. While OpenAI gets the lion’s share of the public adulation for the sudden excitement about generative intelligence, Nvidia’s H100 chips are powering much of the generative AI frenzy. Nvidia’s stock has climbed over 200% over the past 12 months. And the company has become a key investor in generat...

I’m back from my honeymoon in Japan. Thanks for sticking with the newsletter as I celebrated my wedding this year. Expect more of my newsletter writing soon. If you have tips or story ideas for me, you can always reach out at eric@newcomer.co . I hope you’ve been enjoying the Cerebral Valley podcast series while I’ve been gone. If you missed the first three episodes, you can check them out in the...

Video games often represent the frontier of any new technology. Many of the most popular applications in the initial iPhone app store were games. Today’s virtual reality devices are dominated by video games. Artificial intelligence seems poised to upend the video game business and entertainment more broadly. On the third episode of our six-part Cerebral Valley podcast series, Max Child , James Wil...

What’s so crazy about this moment in artificial intelligence is that many of the most credible voices in AI think there’s a real chance that this all turns out really, really badly. Anthropic CEO Dario Amodei recently pegged his “chance that something goes really quite catastrophically wrong on the scale of human civilization” between 10% and 25%. That’s comforting. Applications to attend the Cere...

In the past 12 months, it has felt like “AI” transformed from a pair of letters that companies affixed to their latest product announcements to get some extra marketing luster to the shorthand for a genuine technology revolution. ChatGPT, Dall-E, Midjourney, and more showed the world what artificial intelligence is now capable of doing. Then, the funding started pouring in for every startup that h...

I brought two top Silicon Valley entrepreneurs working on extending lifespans on the Newcomer podcast this week. One of them is trying to help people live longer. The other, their dogs. James Peyer , the CEO of Cambrian Bio, is acquiring majority stakes in drugs that could combat a particular illness while showing promise for broader use among healthy humans. Meanwhile, Celine Halioua , the CEO of...

Chris Lehane was once the consummate Democratic spin man and campaign wonk. He introduced the world to the vast right-wing conspiracy against the Clintons. In 2015, Lehane dove into the high-growth startup world. He joined Airbnb to run policy and communications. He taught the home sharing company how to fight nicely with cities, dishing out data and tax cooperation in exchange for favorable local...

I spend most of my time here talking about how people earn their money. Rey Flemings , the chief executive of the YC-backed startup Myria, is an expert at helping people spend it . For several years , Flemings ran a luxury services consultancy for family offices. In other words, he threw parties in Las Vegas, introduced billionaires to celebrities, rented out private mansions, and helped people ac...

Jane Poynter spent two years and 20 minutes in a biosphere back in the early 1990s. ( There’s a documentary about it .) Later, Poynter set her sights on a mission to Mars. Wired wrote in 2014, “Meet the Couple Who Could Be the First Humans to Travel to Mars.” The story was about Poynter and her husband, Taber MacCallum . These days, the duo is working together on building a hydrogen balloon that w...

Last time I remember writing about Varda co-founder and Founders Fund partner Delian Asparouhov , I was giving him a hard time about his subdued impromptu Clubhouse run-in with then San Francisco District Attorney Chesa Boudin who he’d been flaming on Twitter. But since then, Asparouhov has mellowed out online. When I texted him after our podcast recording session and mentioned that his Founders F...

Claire Hughes Johnson writes in her book, Scaling People , about a moment early on in her time at Stripe when an Irish journalist shouted to her, “You’re the lady! You’re the lady with the lads!” Hughes Johnson, who joined Stripe in 2014 as the payments startup’s chief operating officer, works closely with two of the most iconic Silicon Valley entrepreneurs, Patrick and John Collison . During her...

Lightspeed Venture Partners can sometimes live in the shadow of its noisier rivals. Andreessen Horowitz has a massive war chest, sprawling payroll, and insatiable appetite for attention. Meanwhile, Sequoia Capital is, well, Sequoia. But Lightspeed has established itself as one of the top multi-stage technology investors of this era. In July 2022, Lightspeed announced that it had raised more than $...

Union Square Ventures has some of the best performing funds in the venture capital industry. As I’ve reported , USV-backer UTIMCO disclosed in a recent filing that USV had delivered the public investment fund an internal rate of return of 59%. And that number will likely go up over time. (For instance, USV portfolio company Casetext sold to Thomson Reuters for $650 million after the UTIMCO perform...

Elon Musk is the liberal elite’s enemy of the moment. How quickly the bad blood for Mark Zuckerberg is forgotten. When Zuckerberg’s Meta released Twitter rival Threads, reporters and left-leaning types (myself included) flocked to the new app as a potential refuge from Musk’s Twitter. The enemy of my enemy is my friend seemed to be the logic of the moment. I invited Facebook whistleblower Frances...

Former BuzzFeed reporter Katie Notopoulos spent the first few days posting on Meta’s Twitter copycat, Threads, as if she were the editor-in-chief of the new app. “As EIC, it’s a lot of work! I’m personally curating the feed for users based on all of Meta’s information on them to bring each person a hand-curated feed that I’ve approved,” Notopoulos posted on Threads. While Meta tolerated the ruse,...

Maëlle Gavet and I first crossed paths about a decade ago when she was the CEO of the Russian e-commerce company Ozon. Then, we met up again when she was working as the chief operating officer for the SoftBank-backed real estate tech company Compass. A couple of months ago, I ran into Gavet at a networking dinner in New York City. I interrogated her about her two-and-half years so far as the chief...

The metaverse had been left for dead . The massive hype for virtual worlds that we saw during the pandemic dissipated once we could all see our fellow humans in person again. But last week Apple finally revealed its augmented reality device, the Apple Vision Pro. The tech giant that rarely misses the mark with its carefully thought through product releases revealed that it wanted people to strap o...

I couldn’t help but spend the first few minutes of my conversation with Pejman Nozad fishing for the story of how a rug salesman built one of Silicon Valley’s top institutional pre-seed and seed funds. Nozad has such a fascinating and inspirational story; it reflects what is possible when Silicon Valley is at its best. Nozad told me how Sequoia’s Doug Leone gave him a shot. “We connected [as] both...

For this week’s Newcomer podcast, I talked with Contrary general partner Kyle Harrison . We spent the first part of the episode talking about his piece VC Contagion: Is Venture Capital Killing Itself? I just published the essay exclusively in Newcomer. Then, on the podcast Harrison talked about Contrary and its research strategy . The firm has published reports on Stripe , OpenAI , Databricks , an...

It’s been a sad state of affairs for consumer companies not named TikTok. Poparazzi just shut down . (At least some of the team went to Instagram.) Popshop is struggling . The venture capital firm Benchmark helped establish both companies as consumer startups to watch by leading their Series A rounds. Sarah Tavel , who led the investment in Poparazzi and has worked closely with Popshop, agreed to...

I caught up with Substack co-founders Chris Best and Hamish McKenzie at Substack’s office in San Francisco last week. They’re fresh off raising a community fundraising round and launching their social network Notes . I wrote in March about my decision to invest $5,000 in Substack’s fundraising round, even though the company revealed that it had negative revenue in 2021: I’m already compromised whe...

The blitzscaling funding model failed news companies. Vice Media — which raised more than $1 billion from the likes of TPG, Technology Crossover Ventures, and Disney — is reportedly preparing to file for bankruptcy. BuzzFeed — which raised hundreds of millions of dollars from investors like Andreessen Horowitz, General Atlantic, and NBCUniversal — just shut down its news division and has watched i...

Union Square Ventures partner Albert Wenger has been successful enough to write a techno-manifesto. Wenger made early investments in companies like Twilio, MongoDB, and Etsy. Now, he’s spending much of his time on USV’s climate investing out of the firm’s $200 million climate fund. Wenger has historically been a media recluse — but he’s started popping his head out . So when I got the opportunity...

Before becoming a partner at Madrona Venture Group, Jon Turow worked as the head of product for computer vision at Amazon Web Services. He spent nine years at AWS in the product organization. Since becoming a venture capitalist, he’s invested in promising AI companies like Runway and Numbers Station , along with the buzzy data company MotherDuck. So when Amazon announced a partnership, called Amaz...

Today, we have a bonus double episode of the Newcomer podcast for you — two conversations from the Cerebral Valley AI Summit last week. Part 1: Replit CEO Amjad Masad and Hugging Face Clément Delangue Together, they’re a charismatic open-source alliance. We talked about the threat posed by OpenAI’s partnership with Microsoft, the questions around Replit and Hugging Face’s business models, and wher...