I’ve a packed concern this week, beginning with the implosion of a once-hot social media startup referred to as IRL. It raised $200 million at over a $1 billion valuation, and now its board is dissolving the corporate after discovering that the majority of its customers have been pretend. The SEC is investigating. It’s an entire mess. I’ve ex-CEO Abraham Shafi’s first public feedback on the state of affairs since he was ousted by the board.
Additionally on this concern: a convo with the earliest investor in MosaicML, the AI startup that simply offered to Databricks for greater than $1 billion; some notes on Google’s AR technique; a scoop about Meta entering into the app distribution recreation; drug use in Silicon Valley; a Musk-versus-Zuckerberg cage match replace; and extra…
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