20VC: Fiverr CEO: 'If You're Not Adapting to AI, F* You. You're Done | Why "Time to Copy" is the Most Important Metric in Startups Today | Why 99% of AI Companies Today Will Die | Why Governments Will Take Control of AI with Micha Kauffman

20VC: Fiverr CEO: 'If You're Not Adapting to AI, F* You. You're Done | Why "Time to Copy" is the Most Important Metric in Startups Today | Why 99% of AI Companies Today Will Die | Why Governments Will Take Control of AI with Micha Kauffman

Micha Kaufman is the Founder and CEO of Fiverr, the leading online marketplace for freelance services. Fiverr has had an insane ride in the public markets, in 2019 the company went public with a $650M market cap, at their peak that hit over $8BN. Today, facing a wave of AI, the company has a market cap of $1.121BN on an estimated $430M EOY revenues. Prior to co-founding Fiverr, Micha successfully founded and led several startups over the last 30 years.

In Today's Episode We Discuss:

00:00 – "Fuck you. It's not my job to make you better." Micha's viral internal email that sparked a company-wide awakening

05:00 – The real reason Micha thinks Fiverr is vulnerable to AI

07:00 – "Replace 100% of your job with AI": Micha's challenge to every employee

11:00 – The brutal truth about entitlement in the modern workforce

13:00 – Wake the f*** up: Micha on the crisis of work ethic and ambition

15:00 – "Too many startups, zero value": Why AI is the new dot-com bubble

17:00 – The time-to-clone has collapsed: Why your startup can be copied in 10 days

21:00 – Why distribution, not code, is the moat that matters now

23:00 – The new game of investing: Why backing "missionaries" is all that counts

25:00 – The seed investment Micha wrote off… that became his biggest win

38:00 – "Being a CEO today is like captaining a ship in a storm"

39:00 – Will governments take control of AI? The Manhattan Project analogy

42:00 – The rise of AI superpowers—and the brutal decline of everyone else

46:00 – The single-person unicorn: Is it real? Micha says yes

47:00 – Why Micha's hiring more engineers—not fewer

48:00 – Marketing is being disrupted faster than engineering. Here's how

54:00 – What cost Micha wants to cut—but can't

56:00 – Why Micha would tell his kid: "Don't go to university"

57:00 – The business Fiverr could have built before OnlyFans—and why they didn't

59:00 – How Micha decides every year whether he should still be CEO

01:00:00 – The ultimate metric: When meaning matters more than happiness

Jaksot(1410)

20 VC 002: How to become a VC with Kris Jones

20 VC 002: How to become a VC with Kris Jones

In this session of The Twenty Minute VC, I'm so excited to have the opportunity to interview Kris Jones. Kris has enjoyed an amazing career in the technology industry, founding PepperJam, an internet marketing agency in 1999 and later selling it to Ebay in April of 2010. More recently, Kris has made his transition into the Venture Capital Industry through the founding of an early stage technology investment fund, KBJ Capital, which includes portfolio companies Highlighter.com, French Girls App, ReferLocal.com, LSEO.com and many more incredible companies. In this session you'll learn: Why Kris decided to make the transition from the Startup ecosystem to the world of Venture Capital. How did it feel for Kris, selling his company to Ebay? What was the most important lesson Kris learnt in the journey from having the idea for PepperJam to being acquired by Ebay? What is the key characteristic a Founder must have? What can an individual do to get employed in the Venture Capital industry. Kris is also a prolific writer here are some of his articles, you can check out! Forbes: 15 Steps to Set Your Company Up for a Successful M&A Mashable: 9 Ways Social Media Marketing Will Change in 2014 Citibank: How to Impress a Potential Investor

13 Tammi 201522min

20 VC 001: Guy Kawasaki of Apple, Motorola and AllTop.com

20 VC 001: Guy Kawasaki of Apple, Motorola and AllTop.com

Welcome to the 1st episode of The Twenty Minute VC, on today's show we have Guy Kawasaki, Guy is the Founding Partner of Garage Technology Ventures, a seed & early stage venture capital fund investing in extraordinary entrepreneurs with unique technologies. Previously, he was Chief Evangelist of Apple Inc and an advisor to the Motorala Business Unit of Google. Guy is also the author of many best selling books including the recent best seller, The Art of Social Media: Power Tips for Power Users. In this episode we delve into: Why Guy made the transition into the VC industry? What is the most important aspect for a startup to have? What drives Guy insane about startup founders today? What books Guy gives to aspiring entrepreneurs? What software & apps Guy cannot live without? We then finish on a quick fire round where we discover Guy's thoughts on the future of Amazon, Tesla and whether we really are in the midst of a tech bubble. All of the products mentioned in todays show can be found at www.thetwentyminutevc.com If you love the show, please do leave a review on the iTunes store and don't forget to subscribe!

13 Tammi 201519min

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