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StorySherpa: OpenAI and Public Markets

StorySherpa: OpenAI and Public Markets
By Yury Molodtsov • Issue #45 • View online

OpenAI’s Dota 2 AI steamrolls world champion e-sports team with back-to-back victories
The Pinterest IPO – Andreessen Horowitz
15 Months of Fresh Hell Inside Facebook
Ahead of Its Time, Behind the Curve: Why Evernote Failed to Realize Its Potential
How Rippling Raised a $45M Series A — Without a Pitch Deck
Breaking up Big Tech would be a big mistake
Zoom rocketed 72% on first day of trading and everyone is talking about it.
Product Hunt
Ahead of Zoom's IPO, we took a trip down memory lane to find out what folks thought when Zoom first launched on Product Hunt 5 years ago 👀 $ZM
Sar Haribhakti
Given the current revenue multiple of Zoom (which is absolutely batshit crazy high and awesome), is it safe to conclude that the market is very desperate for profitable tech IPOs in general and is losing sanity over this one company because its so rare?
A whole tweetstorm from Sarah Guo, Partner at Greylock, here.
Sarah Guo ⚡️ Greylock
1/ no market is “done” — even when the alternatives are many, free, have hardware sunk cost, and/or deeply embedded into some enterprise suite ELA
And just some thoughts on tech industry.
Austen Allred
The Silicon Valley Model:

1) System is so broken up that all innovation has stopped
2) Create a parallel system just to make any improvements
3) Even though the new system is in its infancy it still starts winning
4) Tweet “lol we already had [the system] that’s not innovation”
Benedict Evans
When the car industry says “in ten years”, that’s in the next planning cycle. When the tech industry says “in ten years”, they mean ‘just on the edge of science fiction’
Our curious world of opportunities.
Wow, IBM had a 20% equity stake in Intel in 1982 but sold out in 1986 for $625m. Ten years later that stake would have been worth $25bn. IBM also had the option to buy 30% of Microsoft in 1986 for <$300m. They didn't. Even by 1996 that would have been worth $33bn+.
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Yury Molodtsov

I'm an Investor at Day One Ventures, a venture capital firm that invests in tech startups and leads their communications.

Here I look at tech news I find important and the future they might lead us.

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