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If it hadn’t been for them meddlin’ kids on July 28, 2023 at 7:05 pm

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Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday.

Not to get all GrumpyManYellsAtCloud.gif, but I’m getting pretty tired of the myth of the dropped-out-of-college founders. Investors — and the broader ecosystem — have known for a long time that while there are some high-profile outliers, it’s much easier to build a startup if you have a fat Rolodex, some experience, and perhaps a few failures under your belt. I know Hollywood doesn’t think it’s nearly as good of a story, but . . . perhaps it’d be good to balance things out a little on that front.

Apropos meddling: Those robots have been hard at work generating smut, and Kyle reports that as AI porn generators get better, the stakes get higher. Perhaps as a result of that story (and the internet reaching fever pitch over AI porn), an interview we did with the Unstable Diffusion team last year is hella trending again on TechCrunch.

Apropos even more meddling: It seems that even very experienced founders get things pretty wrong from time to time, too — Elmo isn’t done running Twitter into the ground, it seems. This week, the burning wreckage of a social media site officially changed its logo to X. That has had some, er, curious side effects, including a lot of rebranding and renaming. Uniting the themes of smut and social media, Twitter Videos has so far resisted to rename itself, and one social media account (NSFW) seems to hint at why.

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More AI. Always more AI

Image Credits: nadia_bormotova / Getty Images

I know, it seems like there’s always an AI section in Startups Weekly at the moment. Don’t blame me — blame the flamin’ hot news coming out of that vertical at the moment.

On TC+, Nick Zamanov penned an article about how his company tried using OpenAI to generate marketing strategies — and was delighted to discover that it worked.

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Meanwhile, OpenAI just released a neat feature that introduces customized instructions for ChatGPT. Instead of having to type “write me a three-section newsletter in the style of TechCrunch’s Startups Weekly, and smatter in some really dumb jokes,” you can configure that as the default behavior. Writing newsletters is going to be so quick in the future, I swear. (Just kidding: I’ve tried. ChatGPT’s attempts at writing this thing were as dull as dishwater. My job is safe for another week or two.)

The bots are coming to the Androids: ChatGPT comes to Android, and soon became available in the U.S., India, Bangladesh and Brazil. OpenAI plans to release the app in more countries very soon.

I’m sure that wasn’t a stressful job: After just 18 months in the job, OpenAI’s head of trust and safety Dave Willner steps down. The company’s CTO Mira Murati will manage the team on an interim basis while they find a replacement.

Let’s translate this from corporate-ese into bot-speak: A startup that’s building tools to help prepare enterprise data to get gobbled up into large language models, Unstructured raises $25 million.

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The art of changing your mind

Image Credits: Images by Christina Kilgour / Getty Images

This week, I’ve been doing a lot of thinking about the job of a founder. I already mentioned the TechCrunch+ piece I wrote about startups not just being a young person’s game, and I spoke with a founder who decided to replace himself as the CEO of his own company. Earlier this week, I also spoke with DeeDee Deman, who has spent the past 50 years headhunting CEOs, to get some tips on how you can think about finding a new CEO for your startup.

While on the topic of replacements — Sequoia Capital’s Michael Moritz moves on, almost 40 years after he joined the influential venture fund. He’s going to continue board work with a handful of companies but is planning to hand over most of the workload to other Sequoia partners.

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Companies are still going public. Just not startups: It’s been a drought in the tech startup IPO space, but on TC+, Alex crunched the numbers and realized that there’s still a lot of activity — and it’s making startups look silly as hell.

Optimizing for impact: More and more companies are thinking about climate — and impact investors are flocking to the segment. That scares me a bit, but Agnes Svensson, the chief impact officer at Norrsken VC, shares five key questions climate tech founders should ask impact investors.

One of the most amazing social experiments: Reddits r/place is an incredible experiment, where a logged-in user can place a single pixel on a canvas every 5 minutes. It’s one of my favorite things about the internet, because it requires something utterly rare: coordination and teamwork. Of course, redditors used this year’s evolution of the game to shout loudly about the API changes that have sparked a revolt on the social media site.

Pulling into the pit stop

 

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Image Credits: Bryce Durbin / TechCrunch

Autonomous trucking company Aurora sells $820 million worth of stock in order to continue its drive toward launching an autonomous trucking business in 2024. Around the same time, Waymo put the brakes on its self-driving trucks program.

Meanwhile, peeking at Tesla’s business fundamentals, Rebecca reminds us that the company is an automaker, not a tech company — and that its margins look a lot more like Ford than, say, Salesforce.

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Time for another U-turn: We’ve been flip-flopping on this one for a while, but it seems like GM has changed its mind once again, saying it isn’t going to kill off the Chevy Bolt EV after all. Personally, I think that’s great. We need smaller, more affordable EVs.

Tapping the zap: Seven of the largest automakers today announced a joint venture to create a massive EV charging network across North America.

Topping up at home: In smaller charging news, Voltpost raised a $3.6 million seed round to bring EV charging to the curbside.

Top reads on TechCrunch this week

In addition to some of the big hitters sprinkled throughout above, here are some of our mustn’t-miss stories for the week:

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Maybe it’s just taking a nap?: I argued that VR as a category is dead and failed to find a killer app. AR is picking up the mantle, but we’ll see if it can do better.

I dunno, maybe hide better?: Zack reports that North Korean hackers targeting JumpCloud may have forgotten to mask their IP addresses properly, researchers say.

Buy it, then kill it: Aria reports that SpaceX has made only one acquisition to date (that we are aware of), but Swarm Technologies is halting new device sales. It seems that the acquisition may have been an aqui-hire, as Swarm’s founders are finding senior positions across SpaceX.

Stalking for cash: Zack had a couple of popular articles this week. He reported that Spyhide stalkerware is spying on tens of thousands of phones, and he dug into how TheTruthSpy stalkerware made its millions.

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Enough, already: It’s getting more and more frustrating to report on this, but startups with all-women founding teams raised just $1.4 billion in H1, Dominic-Madori reports. That’s a paltry 1.6% of all venture funding invested. Mixed-gender teams picked up 28%.

Get your TechCrunch fix IRL. Join us at Disrupt 2023 in San Francisco this September to immerse yourself in all things startup. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there’s something for everyone at Disrupt. Save up to $600 when you buy your pass now through August 11, and save 15% on top of that with promo code STARTUPS. Learn more.

​ Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. Not to get all GrumpyManYellsAtCloud.gif, but I’m getting pretty tired of the myth of the dropped-out-of-college founders. Investors — and the broader ecosystem — have known for a long time that while there are some high-profile outliers, it’s much easier 

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News

Terror Attacks in New Orleans and Las Vegas Linked

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The start of 2025 has been marred by two horrific terror attacks in the United States, one in New Orleans and another in Las Vegas, both occurring on New Year’s Day. These incidents have left communities reeling and have raised concerns about potential connections between the suspects involved.

In New Orleans, a truck driven by 42-year-old Shamsud-Din Jabbar plowed into a crowd celebrating on Bourbon Street, resulting in at least 15 deaths and over 30 injuries. Eyewitnesses reported that Jabbar, a U.S. Army veteran from Texas, deliberately targeted pedestrians while flying an ISIS flag from his vehicle. Following the attack, he exited the truck armed with an assault rifle and opened fire on police officers before being killed in the ensuing confrontation. Authorities discovered improvised explosive devices (IEDs) within his vehicle and in the vicinity of the attack site, further confirming the premeditated nature of this act of terrorism.

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Simultaneously, a separate incident unfolded in Las Vegas when a Tesla Cybertruck exploded outside the Trump International Hotel. The driver, identified as Matthew Livelsberger, also had a military background and was reported to have detonated the vehicle packed with firework mortars and fuel, resulting in his death and injuring seven others. Investigators are exploring whether Livelsberger and Jabbar had any prior connection, as both men served at the same military base at different times.

While the FBI has confirmed that they are investigating both attacks as acts of terrorism, they have not established a definitive link between the two incidents. However, similarities in their execution—both suspects rented vehicles from the same company—have prompted further scrutiny into their backgrounds and any potential accomplices.

As investigations continue, authorities are urging anyone with information about either suspect to come forward. The tragic events have sparked discussions about security measures in public spaces, particularly as cities prepare for large gatherings in the coming months.

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Donald Trump Named TIME’s 2024 Person of the Year

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Donald Trump has been selected as TIME magazine’s Person of the Year for 2024, marking his second time receiving this distinction. The former president, who won a historic comeback victory in the 2024 election, was chosen for his significant impact on global affairs and American politics.

TIME editor-in-chief Sam Jacobs explained the decision, citing Trump’s “comeback of historic proportions,” his role in driving “a once-in-a-generation political realignment,” and his reshaping of both the American presidency and the country’s global role. This recognition comes after Trump’s unprecedented achievement of reclaiming the White House after losing reelection four years earlier.

The selection process involved an extensive interview with Trump at Mar-a-Lago in November, covering a wide range of topics including the economy, foreign policy, and his plans for a second term. Notably, TIME took the unprecedented step of publishing a comprehensive fact-check alongside the interview transcript, examining 15 distinct assertions made by Trump.

Trump’s relationship with TIME has been tumultuous over the years. While he expressed honor at receiving the title in 2016, he has also criticized the magazine’s selections and even claimed he refused a potential Person of the Year offer in 2017. Despite this, Trump participated in the process this year, granting TIME access for an in-depth interview.

To commemorate the announcement, Trump rang the opening bell at the New York Stock Exchange (NYSE). This event marked a significant moment in Trump’s career, as it was his first time participating in this Wall Street tradition.

Trump’s selection as Person of the Year reflects his continued influence on American politics and his ability to reshape the political landscape. As the country prepares for his return to the White House, all eyes will be on how Trump’s second term might further impact both domestic and international affairs.

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Film Industry

Jay-Z Denies Allegations Amid Lawsuit

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Jay-Z, the renowned rapper and music mogul, faces serious allegations in a recently amended civil lawsuit. According to ABC News and NBC News, the suit accuses him and Sean “Diddy” Combs of raping a 13-year-old girl at an MTV Video Music Awards after-party in 2000.

The lawsuit, initially filed in October 2024, was updated on Sunday to include Jay-Z as a defendant alongside Combs. The plaintiff, identified only as “Jane Doe,” claims she was assaulted after being driven to the party following the awards show.

Jay-Z, whose real name is Shawn Carter, vehemently denies the allegations. He released a statement on X calling the lawsuit a “blackmail attempt” and questioning why it was filed as a civil case rather than a criminal one. The rapper expressed concern about the impact on his family, stating he and his wife Beyoncé would need to discuss the situation with their children.

Combs, who is currently in federal custody on separate charges, has also denied the accusations through his attorneys. The lawsuit alleges that an unidentified female celebrity was present during the incident but did not intervene.

The case has garnered significant media attention, with both artists’ reputations at stake. As the legal process unfolds, the music industry and public await further developments in this high-profile case.

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