Ops Rundown: Issue #023
Hello Operators! ??
While the entire internet was buzzing with the intern-to-CEO story of Elliot Hill last week, three top executives exited Open AI and Meta announced that it is bringing the voices of Judi Dench, John Cena, and Keegan-Michael Key to its AI chatbot.
Let's unfold what went down while we were busy closing the books for Q3 and preparing for Q4:
OpenAI is closing in on raising $6.5 billion, the largest venture capital raise in history. But in order to do so, it looks like it will need to do the Delaware equivalent of selling its soul — it will have to overhaul its governance structure so that a nonprofit organization no longer controls it.
Binance founder Changpeng “CZ” Zhao was released from U.S. custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a federal investigation that found Binance had failed to stop widespread criminal activity on the world’s largest cryptocurrency exchange.
On September 25 and 26, Y Combinator’s online Demo Day for its Summer 2024 batch was once again dominated by AI use cases, some particularly exciting. The format itself is changing: Going forward, there will be four Demo Days a year, and YC CEO Garry Tan said that the next one on December 4 will include an in-person element.
The Investor Relations page consolidates common workflows for company admins who are responsible for managing investor relationships. The page offers a detailed ledger for each investor and keeps track of any information requests they've sent your way, so nothing gets missed.?
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Sales tax holidays are all the rage right now.
There were about 45 sales tax holidays in 24 states in 2023 and could be even more than that in 2024. More details here.
IT migration is becoming an important factor for startup success. According to a study by Markets and Markets, cloud adoption is expected to increase at a compound annual growth rate (CAGR) of 16.3% from 2021 to 2026.
These statistics highlight the significant benefits that effective IT migration and implementation can bring to startups. Effective migration and implementation can help your startup capitalize on substantial growth opportunities.
This guide will provide a step-by-step approach to IT migration and implementation.
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