2024: Founder Mode, AI, and the ‘Rise of the Broligarchs’
As we bid farewell to 2024, TechCrunch’s Equity podcast takes a look back at the year’s biggest stories in tech. From AI advancements and CrowdStrike’s crash to WordPress drama and which startups VCs have their eyes on next, our hosts dive into the highlights and lowlights of the past year.
Where Did All the Venture Funding Go?
In a year marked by massive turnover, Margaux MacColl reminds us that venture capital (VC) firms are playing musical chairs. The rise of mega funds has led to a decline in early-stage investments, making it increasingly difficult for startups to secure funding. As Margaux notes, "it’s not just about the money; it’s about the relationships and the trust."
The Wiz Story: A Cautionary Tale
Wiz, a cybersecurity company, walked away from its deal with Alphabet, leaving many wondering what went wrong. Was it a case of founder mode gone wrong? Devin Coldewey ponders this question, noting that "founder mode" can be a double-edged sword. On one hand, founders are passionate and driven; on the other hand, they can be overly attached to their projects.
The Rise of AI: What’s Next for 2025?
Investors have pumped billions into AI companies, including OpenAI ($6.6 billion), xA1 ($6 billion), and Anthropic ($4 billion). But will these investments pay off in 2025? Devin Coldewey is skeptical, wondering if "2025 will be the year they’ll finally see returns?" The question on everyone’s mind is: can AI companies deliver?
The Rise of the Broligarchs
As AI advancements continue to accelerate, we’re seeing a new class of entrepreneurs emerge – the Broligarchs. These are individuals who have made their fortunes in AI and are now investing in other startups. But what does this mean for the future of tech? Is it a sign of things to come?
The Equity Crew’s Thank You
Before we bid farewell to 2024, the Equity crew wants to express their gratitude to listeners who stuck with them throughout the year. "We’re thankful for your support and look forward to an exciting new year," says Theresa Loconsolo.
Looking Ahead to 2025
As we enter a new year, what can we expect from AI? Will it continue to revolutionize industries or will it plateau? The Equity crew offers their predictions for the future of AI in 2025. From increased adoption in healthcare and finance to greater emphasis on regulation, there’s much to look forward to.
The Equity Podcast
Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo. It posts every Wednesday and Friday, offering listeners a deep dive into the world of tech. Subscribe to us on Apple Podcasts, Overcast, Spotify, and all the casts. You can also follow Equity on X and Threads at @EquityPod.
The Future of Tech
As we look back on 2024, it’s clear that AI has been a major driver of innovation in tech. But what does this mean for startups? Will they be able to compete with established players or will they find new ways to disrupt the market?
Conclusion
In conclusion, 2024 was a year marked by massive change and upheaval in the world of tech. From AI advancements to VC drama, there’s no shortage of stories to tell. As we bid farewell to the past year, the Equity crew is excited to see what the future holds.
The Authors
- Theresa Loconsolo: Audio Producer at TechCrunch and host of the Equity podcast.
- Kirsten Korosec: Transportation Editor at TechCrunch and co-host of the Equity podcast.
- Margaux MacColl: Senior Reporter at TechCrunch, covering venture capital and startups.
- Devin Coldewey: Writer and photographer for TechCrunch, focusing on AI and emerging technologies.
- Anthony Ha: Weekend Editor at TechCrunch, covering startup news and trends.
Related Stories