In 2023, 3,200 startups failed, wasting $27B in venture capital, according to data from PitchBook. Ernst & Young implies this number might be underestimating the true losses. Examples of significant failures include Wework, Frank, Zume and Convoy. This "mass extinction event" is partially due to reduced funding as venture capital has significantly decreased compared to 2022.

PitchBook: 3,200 startups have gone out of business this year, and $27 billion in venture capital has been wasted moomoo.com

Google Cloud offers free data migration, undercutting Amazon, Microsoft by abolishing "punitive" fees. Move incentivizes customer cloud service switch based on quality, counteracting contract restrictions and licensing practices. AWS claims majority clients pay nothing for data transfer; Microsoft stays silent. Google Cloud turned profitable under Thomas Kurian's leadership, inciting competition through free transfers. Reflects on Google's criticism of competitors' "anti-competitive" practices; demands restrictive licensing end for fair cloud market.

Google challenges cloud rivals by making it free for customers to transfer data when they leave CNBC

Internet Brands, WebMD's parent company, facing backlash over video demanding employee office return. CFO Blake DeSimone highlights importance of in-person collaboration. Workers criticize lack of consultation regarding return to office mandates.

WebMD’s parent company goes nuclear on return to office in an uncanny leaked video: ‘We need you ready and present, and we need it now’ Yahoo Finance

Start with optimism, obsession, horsepower, and connections. Finish with cohesive teams, calm urgency, and extreme commitment. Prioritize long-term, ignore short-term judgment. Hard, impactful tasks motivate. Set careful incentives, focus resources on high-conviction bets. Communicate crisply, challenge bureaucracy, prioritize results. Recruit thoroughly, gamble on high-improvement people, evaluate organizational impacts. Favor fast iteration over perfection, plan long-term, execute short-term. Embrace business laws, avoid inaction, anticipate scale benefits. Revere compounding exponentials, persist, appreciate great colleagues.

Sam Altman What I Wish Someone Had Told Me Blog

In 2023, 3,200 startups failed, wasting $27B in venture capital, according to data from PitchBook. Ernst & Young implies this number might be underestimating the true losses. Examples of significant failures include Wework, Frank, Zume and Convoy. This "mass extinction event" is partially due to reduced funding as venture capital has significantly decreased compared to 2022.

PitchBook: 3,200 startups have gone out of business this year, and $27 billion in venture capital has been wasted moomoo.com

Google Cloud offers free data migration, undercutting Amazon, Microsoft by abolishing "punitive" fees. Move incentivizes customer cloud service switch based on quality, counteracting contract restrictions and licensing practices. AWS claims majority clients pay nothing for data transfer; Microsoft stays silent. Google Cloud turned profitable under Thomas Kurian's leadership, inciting competition through free transfers. Reflects on Google's criticism of competitors' "anti-competitive" practices; demands restrictive licensing end for fair cloud market.

Google challenges cloud rivals by making it free for customers to transfer data when they leave CNBC

Internet Brands, WebMD's parent company, facing backlash over video demanding employee office return. CFO Blake DeSimone highlights importance of in-person collaboration. Workers criticize lack of consultation regarding return to office mandates.

WebMD’s parent company goes nuclear on return to office in an uncanny leaked video: ‘We need you ready and present, and we need it now’ Yahoo Finance

Start with optimism, obsession, horsepower, and connections. Finish with cohesive teams, calm urgency, and extreme commitment. Prioritize long-term, ignore short-term judgment. Hard, impactful tasks motivate. Set careful incentives, focus resources on high-conviction bets. Communicate crisply, challenge bureaucracy, prioritize results. Recruit thoroughly, gamble on high-improvement people, evaluate organizational impacts. Favor fast iteration over perfection, plan long-term, execute short-term. Embrace business laws, avoid inaction, anticipate scale benefits. Revere compounding exponentials, persist, appreciate great colleagues.

Sam Altman What I Wish Someone Had Told Me Blog