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Curative CEO and founder Fred Turner believes in the SaaSpocalypse.During an interview on the “20VC with Harry Stebbings” podcast, the health insurance executive was asked whether he bought the theory that software-as-a-service was dying.”Yes,” Turner said, bluntly.When asked why, he said, “I see the number of contracts that we’re canceling.…
AI is getting expensive. Chamath Palihapitiya says he thinks CFOs may be about to discover those costs the hard way.Palihapitiya, a billionaire venture capitalist and one of the co-hosts of the “All In” podcast, said Tuesday on CNBC that businesses encouraging employees to consume more AI could face surprise operating…
Care about your company, your colleagues, and your reputation, Lloyd Blankfein says.In his recent memoir, “Streetwise,” the former Goldman Sachs CEO recalled three pieces of advice he gave to the firm’s partners, which could be helpful to anyone building their career:1. Take responsibilityBlankfein’s first tip centered on the need for…
Jonathan Ross, Groq’s former CEO, says his steep learning curve as a founder came at a hefty cost.”I was a terrible leader. I was one of the world’s worst leaders when I started,” Ross said on an episode of the “Founders” podcast released on Sunday. He recounted his management mistakes…
On a bright Seattle morning in June, thousands of soccer fans thronged a stage near the city’s downtown. Eventually, they were going to watch the US men’s team beat Australia in a World Cup match.But first, they wanted to see Roger Bennett.Bennett is the cofounder and front man of Men…
What if the company you worked for just ghosted you?A group of staffers at Triller, a company that raised over $400 million to challenge TikTok, say they haven’t received a paycheck in the past year, nor heard from their bosses in months. The company shut down their work emails and…
On a blustery December day, nine large white cardboard boxes sat stacked next to a garbage can in the driveway of a New Jersey nurse as a man packed them into the bed of a pickup truck.Other than a manufacturer’s label in the corner and a note that the contents…
In the era of leaner companies, even the C-suite isn’t insulated from downsizing. Just look at Lucid.The luxury EV maker filed an 8-K to the SEC on Monday detailing plans to cut about 18% of its US workforce — including full-time employees, contractors, and hourly manufacturing workers at its AMP-1…
This as-told-to essay is based on a conversation with Marissa Frois, CEO of The Entrepreneur’s Source. It has been edited for length and clarity.Like many teenagers, one of my first jobs was at a restaurant. When I started there, I had no idea it would shape my whole career in…
Australian mining billionaire Gina Rinehart has made a major bet on Elon Musk’s SpaceX that could lead to more than just a financial return.Rinehart — Australia’s richest person with a fortune estimated at $38.4 billion by the Bloomberg Billionaires Index — invested through Hancock Prospecting, her privately held mining and…
