This Week in Startups is brought to you by…

Vanta. Compliance and security shouldn't be a deal-breaker for startups to win new business. Vanta makes it easy for companies to get a SOC 2 report fast. TWiST listeners can get $1,000 off for a limited time at vanta.com/twist

Carta now lets you launch and administer SPVs for your syndicate. Share your knowledge, capital, and network to launch your syndicate SPVs through Carta. Get 10% off your first SPV at carta.com/twist with promo code TWIST.

Roots. Invest in the only real estate investment trust that creates wealth for you and its residents at investwithroots.com/twist

*

Today’s show:

Jason breaks down the exit market for LPs (8:57), Instacart and Klaviyo’s IPOs (22:13), writers suing OpenAI and Meta (50:15), and more!

*

Time stamps:

(0:00) Producer Nick joins Jason

(2:27) The significance of Instacart and Klaviyo’s IPO filings

(5:41) The VC exit market

(7:50) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist

(8:57) The exit market for LPs and over-indexing in venture

(13:57) VC bloat and current state of the market

(20:39) Carta - Get 10% off your first SPV at https://carta.com/twist with promo code TWIST

(22:13) Breaking down Instacart’s S-1

(28:56) Ad dollars moving to new platforms and the importance of being close to the sale

(33:26) Instacart GTV tail off

(36:30) Roots - Head to investwithroots.com/TWIST to sign up and start investing today!

(38:03) Breaking down Klaviyo’s S-1

(44:09) Why it is crucial for founders to retain ownership early on

(50:15) Writers suing OpenAI; are broad-based LLMs trained on tons of data becoming a liability?

*

Read LAUNCH Fund 4 Deal Memo: https://www.launch.co/four

Apply for Funding: https://www.launch.co/apply

Buy ANGEL: https://www.angelthebook.com

Great recent interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt

Check out Jason’s suite of newsletters: https://substack.com/@calacanis

*

Follow Jason:

Twitter: https://twitter.com/jason

Instagram: https://www.instagram.com/jason

LinkedIn: https://www.linkedin.com/in/jasoncalacanis

*

Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

*

Subscribe to the Founder University Podcast: https://www.founder.university/podcast

NEWS: Instacart and Klaviyo file for IPO, State of VC distributions, AI lawsuits | E1798

This Week in Startups