Sequoia & Union Square Returns, the Post-AI Labor Market, and the Return of SF? | E1907

This Week in Startups is brought to you by… OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at http://www.openphone.com/twist Squarespace. Turn your idea into a new website! Go to Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain. Coda. A new doc that brings words, tables and teams together. All your valuable data, plans, objectives, and strategies in one place. Go to https://coda.io/twist to get a $1,000 credit! * Todays show: David Weisburd hosts Erik, Guy, and Jason Calacanis to discuss Sequoia & Union Square Ventures' returns (1:15), AI's impact on startups and labor (17:35), US startups' risk tolerance (38:10), and much more! * Timestamps: (0:00) David Weisburd intros Erik Torenberg, Guy Perelmuter, and Jason Calacanis (1:15) VC returns have been leaked, including returns from Sequoia Capital and Union Square Ventures (11:33) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist (17:35) Bearish signs for the startup employment market (25:17) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist (26:12) The emergence of the first one-person unicorn (36:46) Coda - Get a $1,000 startup credit at https://coda.io/twist (38:10) Founders & investors are now returning to San Francisco (47:35) Rapid-fire segment on recent investments * Mentioned on the show: https://www.wsj.com/tech/san-francisco-ai-boom-silicon-valley-307816b2 https://jam.dev https://www.perplexity.ai https://www.antaresindustries.com https://mesodyne.com https://limacharlie.io https://www.cloudnc.com https://codemate.ai https://www.golfgolf.tech https://www.terrakaffe.com * Follow Erik: X: https://twitter.com/eriktorenberg LinkedIn: https://www.linkedin.com/in/eriktorenberg/ Check out: https://www.turpentine.co/ * Follow Guy: X: https://twitter.com/guyperelmuter LinkedIn: https://www.linkedin.com/in/guyperelmuter Check out: https://www.gridscapital.com/ * Follow David: X: ⁠https://twitter.com/DWeisburd⁠ LinkedIn: ⁠https://www.linkedin.com/in/dweisburd⁠ Check out: ⁠https://10xcapital.com * Follow Jason: X: ⁠https://twitter.com/jason⁠ Instagram: ⁠https://www.instagram.com/jason⁠ LinkedIn: ⁠https://www.linkedin.com/in/jasoncalacanis * Check out the Launch Accelerator: https://launchaccelerator.co * Check out Founder University: https://www.founder.university * Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp * Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland * Check out Jason’s suite of newsletters: https://substack.com/@calacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin Instagram: https://www.instagram.com/thisweekinstartups TikTok: https://www.tiktok.com/@thisweekinstartups * Subscribe to the Founder University Podcast: https://www.founder.university/podcast