Hello ladies and boys,
Welcome back! Happy Friday to you all.
The latest article caused a stir and we are delighted to welcome 12 news subscribers to our list! We are growing and so is my responsibility to continue to provide interesting content. Pressure is a privilege is my #1 quote from the All Blacks culture manual.
I’m currently reading:
Dopamine Nation by Anna Lembke
Hidden Potential by Adam Grant
A Love Supreme: The creation of John Coltrane
Harry Stebbings, founder of the hugely popular 20VC podcast - featured in this newsletter on several occasions - posts this today and I couldn't agree more.
I like when he says "the supply of content is infinite" and if that's the scenario, the challenge is how do you stand out and get your message out to as many people as possible?
Any thoughts?
I've spent a lot of time this week talking to founders and enthusiasts in the AI space - trying to get a crash course in the subject because to be honest, at the rate that AI news is coming out, I feel like I'm always behind the curve and missing out. FOMO.
I’ve got FOUR things to share with you:
AI is for real, and the smartest people involved are debating the timing of things. All in all, AI is here and it's not going away. If you ask Anne when AI will do Y action, Anne might say in 6 months and Joe might say in 18 months, but they both have no doubt that it will happen soon.
My dear friend and tech wizard Marcelo Bissuh shared this company with me: Numerai -
In my own words, a former hedge fund operator founded Numeari and he shares his proprietary data with data engineers so they can build models and compete.
The best model goes live and into the market and Numerai shares some of the profit with the code owner. (I promise to study it more and if I have failed to provide an accurate description of the company please email me at daniel@weheartimpact.com and I will make sure I post a better description in the next article that comes out).
On the homepage,
they state that they have paid over $55 million to data scientists.
Honestly, that is INSANE! It's open source, tech-driven innovation, empowering the best individuals, but also allowing people to show their best work and get a share of their talent and hard work. I love this model.
If you have a LinkedIn account, chances are you saw this video last week. In this video, the founder of Kahn Academy and his son explore the latest version of chat GTP to study maths in verbal communication with the platform. The future is here and education is undoubtedly a hot market to build something new.
Another pattern I've noticed is that people in AI don't talk about incremental gains, but they often proclaim that everything will be different and exponentially better once AI takes over. WOW, that's bold!
AI systems will be commodities, and the real value will be in proprietary data.
(TBD - To Be Discovered)
🇧🇷 Dois Grandes Artigos em Português
Se você é um investidor anjo profissional e contempla ter uma estrutura offshore para fazer seus investimentos em startups, a Endeavor preparou esse material que está muito bem elaborado e traz muitoinformação relevante.
Na onda do AI, o Pedro Passarelli, founder da Ursula.AI - we are building friendly robots that help kids overcome loneliness, develop social and language skills- respondeu assim a minha pergunta:
E a verdade é que o texto do Raphael está muito bem escrito e com ótimos insights. Quer ler? Pega ele aqui.
“Como o espaço tem evoluído muito rápido,
importante lembrar que estou escrevendo entre Abril e Maio de 2024.”
Raphael Straat
Best from the Internet
WIRED MAGAZINE
Today OpenAI announced GPT-4o, a new AI model that will be available to free and paid users alike. Among its many upgrades—faster response times, enhanced memory capabilities, better parsing of images—is a conversational voice that tries its level best to sound like a real live human. It laughs, it jokes, it maybe flirts a little. “It feels like AI from the movies,” OpenAI CEO Sam Altman wrote in a Monday blog post. “It’s still a bit surprising to me that it’s real.”
Andrew Chen Substack
More than a decade (!!) ago, I wrote Growth Hacker is the VP of Marketing predicting that traditional marketing teams were soon to be disrupted. In particular, I made several provocative points:In the future, Marketing will require technical proficiency and less touchy feely skills
Tech products are ~trivial to build, and distribution will get harder than ever
New “superplatforms” are giving startups access to 100s of millions of users, raising the stakes for all
Hooking into APIs and integrating into new platforms are the domain of technical distribution-minded teams, not in the world of traditional marketing — which I defined as brand/comms/PR/etc
Harvard Business Review - Reskiling in the Age of AI (best article of 2023)
”Companies have a critical role to play in addressing this challenge, and it’s in their best interests to get going on it in a serious way right now. Among those that have embraced the reskilling challenge, only a handful have done so effectively, and even their efforts have often been subscale and of limited impact, which leads to a question: Now that the need for a reskilling revolution is apparent, what must companies do to make it happen?”
Read it here.
McKinsey - A microscope on small businesses: Spotting opportunities to boost productivity
”In this research, the McKinsey Global Institute (MGI) has aggregated a richly granular data set of MSME productivity across sectors and subsectors for 16 countries with different income levels accounting for more than 50 percent of global GDP. In this group (listed by per capita GDP in 2021 in purchasing power parity terms) are ten advanced economies: the United States, Germany, Australia, the United Kingdom, Italy, Israel, Japan, Spain, Poland, and Portugal; and six emerging economies: Mexico, Brazil, Indonesia, India, Nigeria, and Kenya. At the sector level, in the manufacturing sector, for instance, our data cover 24 level-two subsectors and 95 level-three subsectors.”
Read it here.Moritz code: Inside the mind of the best VC investor ever
Michael Moritz made an unusual career change, from a successful journalist to the best venture capital investor in history. He was the first to identify startups that would change the world, from Google and Yahoo to PayPal and Skyscanner. In an exclusive interview, he talks about the Israeli mistakes that have helped Hamas control the October 7 narrative, the struggle on US campuses, and his predictions for the AI sector.
Read it here.
6. The Ben and Mark Show - those guys from A16Z
Special Edition
To say that Nubank is the most successful startup ever to come out of Latin America is a very bold statement that leaves room for people to argue that other companies should also be considered for the top spot.
To be fair, it's open to debate, but the impact Nubank has made in the region is impressive and I think we're still in the early days of their journey to greatness.
Last week Nu celebrated its 100,000,000th customer. (approximately 45% of Brazil's total population).
If you are a product guy, an entrepreneur or just want to better understand how Nubank went from 1 customer to 100M, I highly recommend this episode of the Lenny Podcast with Jag Duggal, Nubank's CPO. It's a real masterclass and please take notes as Jag shares actionable frameworks that you can apply to your business.
Hecho con amor en Madrid.
Daniel Silva
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