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

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Hey and welcome again to Fairness, 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 collection wanting again at 2023. Mary Ann and Alex referred to as on two colleagues to assist us chat via among the 12 months’s greatest occasions. Right here’s what we received into!

• The decline and fall of SVB: A lot has occurred because the chaos at Silicon Valley Financial institution 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 know-how panorama. Enterprise was impacted, public corporations had been impacted and a few startups really received a lift!
• Chaos at OpenAI: One other weekend-powered interval of excessive drama in tech this 12 months was the defenestration of Sam Altman from his position at OpenAI, just for the tide to completely flip in brief order, Altman again the co, and many of the of us who wished him out gone themselves. This one remains to be creating, 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 sometimes very attention-grabbing. However in the long run, former FTX CEO Sam Bankman-Fried was discovered super-duper responsible 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.

Yow will discover half certainly one of our year-end roundup right here in case you want much more! And don’t neglect, Fairness has much more nice stuff coming your method, so stick near your favourite podcast app.