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

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Howdy and welcome again to Equity, a podcast concerning the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.

That is the second of a two-part sequence trying again at 2023. Mary Ann and Alex known as on two colleagues to assist us chat by a few of the 12 months’s greatest occasions. Right here’s what we received into!

• The decline and fall of SVB: A lot has occurred for the reason that chaos at Silicon Valley Bank unfolded earlier this 12 months, however the sudden and surprising downfall of what was successfully the household financial institution of tech despatched waves all through the worldwide expertise 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 12 months was the defenestration of Sam Altman from his role at OpenAI, just for the tide to thoroughly flip in brief order, Altman back to the co, and a lot of the of us who needed him out gone themselves. This one continues to be growing, 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 numerous monetary crimes referring to his now-failed crypto trade. We invited Jacquie Melinek again on the present to revisit the saga with us.

You will discover half one in every of our year-end roundup here should you want much more! And don’t overlook, Fairness has much more nice stuff coming your approach, so stick near your favourite podcast app.