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    Texas energy grid challenges and solutions with Base Power’s Justin Lopas | E1960

    en-usJune 06, 2024

    Podcast Summary

    • Energy availability and human prosperityEnergy availability is crucial for increasing human prosperity and driving innovation, and addressing energy challenges is essential to build a better future. Companies like Base Power are finding solutions to power outages by storing energy in batteries for use during grid failures.

      Energy availability is a fundamental factor in increasing human prosperity and driving innovation across various industries, including transportation, agriculture, manufacturing, and AI. The correlation between a country's energy availability and its GDP per capita highlights the importance of addressing energy challenges to build a better future. In Texas, a startup called Base Power is tackling the issue of power outages by installing batteries in homes, allowing them to operate independently of the grid. The Texas grid, which is unique as it's an island grid with the most renewable energy, faces challenges in handling the increasing volatility of renewable energy supply and frequent weather-related outages. With renewables becoming cheaper than traditional energy sources, the business of selling energy is complex, and entities like ERCOT manage the grid and marketplace, allowing those with renewable energy sources to sell their excess power. Base Power, as a power seller, aims to provide a solution to power outages by storing energy in batteries for use during grid failures.

    • Texas energy market challengesTexas' energy market relies heavily on renewable energy sources and is vulnerable to power outages due to extreme weather and intermittency. Batteries are being introduced to help reduce the strain on the grid during peak hours, but delivery costs are increasing.

      Texas' energy market structure is logical and efficient, but the system faces challenges due to the high reliance on renewable energy sources and extreme weather conditions. The market is divided between regulated companies responsible for the poles and wires, and unregulated entities that generate and sell electricity. While renewable energy sources like wind and solar are becoming more affordable, the delivery costs for electricity are increasing. Batteries are being introduced to help reduce the strain on the grid during peak times, benefiting both consumers and the grid infrastructure. However, Texas' energy system is particularly vulnerable to power outages due to the high demand during specific hours and the intermittency of renewable energy sources. This issue is not unique to Texas and is also prevalent in other regions, especially California. The goal is to add batteries to the grid to address the "duck curve" phenomenon, where demand increases during the hours when solar production decreases.

    • Battery storage, duck curveBattery storage helps reduce electricity costs and increase grid efficiency by charging during off-peak hours and discharging during peak hours, particularly important in areas with high energy demand like Texas.

      Batteries play a crucial role in managing the electricity grid by storing excess energy during off-peak hours and releasing it during peak hours when demand is high. This process, often referred to as "loading the duck curve," helps reduce the overall cost of electricity and allows for increased growth of renewable energy sources and electric vehicles. In Texas, where air conditioning is a significant contributor to energy demand, this strategy becomes even more important due to the grid's size being based on peak demand. By charging batteries during off-peak hours and discharging them during peak hours, consumers can save significantly on their electricity bills, and the grid as a whole becomes more resilient and efficient.

    • Home Energy Storage Business ModelCompany offers home battery installation for a one-time fee, retains ownership, and customers pay a monthly flat fee for electricity. Batteries provide power during outages, help buy/sell energy to grid, and custom designs reduce costs.

      The business model of a company discussed in the podcast revolves around becoming the energy company for customers by installing batteries in their homes and retaining ownership of them. Customers pay a one-time installation fee of $2,000 and then sign up for the company's electricity, paying a monthly flat fee. The battery is used to power the home during power outages and also helps the company buy and sell energy to the grid. The company is developing custom batteries that are easier to install and stack, reducing installation time and costs. The business aims to put a lot of batteries on the grid and offers a simple product with no hidden fees or complex pricing structures. The batteries are not just for solar power, but a standalone solution for energy storage and management.

    • Outdoor energy storage systemsOutdoor energy storage systems offer backup power during grid outages, are stackable, easy to install, and can withstand extreme heat. They can be charged during low-cost periods and discharged during high-cost periods or outages. The company aims to install as much energy storage on a home as possible during the same installation for cost efficiency.

      The discussed product is an outdoor energy storage system designed to provide homes with backup power during grid outages. These systems, which can be installed next to the meter, are stackable, easy to assemble, and are intended to be the home's interface to the grid. They are designed to withstand extreme heat and protect homeowners from 97% of outage hours. The cost and capacity of these systems are comparable to other energy storage solutions on the market. The company behind the product is incentivized to install as much energy storage on a home as possible during the same installation, as there are fixed costs associated with the installation process. The systems can be charged during low-cost periods and discharged during high-cost periods or outages. The company is also exploring opportunities to work with new construction projects to make the installation process more efficient.

    • Battery system pricing and ownershipEnergy company offers battery systems with outage protection, affordable rates, and ownership option, with transparent and dynamic pricing, but installation process involves permits and regulatory hurdles in Texas.

      The energy company offers consumers a yearly deal with a battery system that provides outage protection and more affordable rates, while also allowing consumers to own the battery if they choose. The pricing is transparent and dynamic, with the company and consumer sharing in the savings. However, the installation process involves obtaining permits from local municipalities, which can vary greatly in speed and ease. The company is currently expanding in Texas, where energy markets are deregulated, and is facing regulatory hurdles and permitting challenges. The battery system is designed to provide consumers with energy independence and relief from unpredictable retail electric provider pricing, while also benefiting the grid by reducing load. The company aims to install one battery system per day and has faced operational challenges in managing the process from customer request to installation.

    • Expedited permitting for ESSExpedited permitting for ESS could lead to faster grid stabilization, added value to homes, and additional revenue for municipalities. Trusted vendor programs are being explored to expedite the process, potentially generating substantial revenue for municipalities and faster deployment of ESS.

      Expedited permitting processes for energy storage systems (ESS) could bring significant benefits to both communities and trusted vendors. These benefits include faster grid stabilization, added value to homes, and additional revenue for municipalities. However, the current permitting process for ESS is generally not expedited, and some municipalities are slower than others. The idea of a trusted vendor program, where vendors pay for expedited permits in exchange for being preferred vendors, is being explored. This could result in substantial revenue for municipalities and faster deployment of ESS, which is good for the grid and homeowners. The world is moving towards this model, and federal and state regulations are expected to support it. Additionally, the batteries used in ESS are expected to last for at least 15 years and cycle daily, and innovation in battery technology is driving down prices and increasing quality. The integration of batteries into cars, such as Tesla's Cybertruck and Ford's upcoming electric vehicles, could also provide an additional source of energy storage for homes. Overall, the potential for expedited permitting processes and trusted vendor programs could lead to a more efficient and effective energy storage market, benefiting both communities and vendors.

    • Batteries and the GridBatteries are essential for the grid, enabling effective use of renewable energy sources and reducing delivery costs, leading to a more efficient and cost-effective energy system

      Batteries are crucial for the grid, especially in supporting renewable energy sources and decreasing delivery costs. While solar energy is important, the current focus should be on implementing batteries due to their ability to store energy and support the grid during peak demand. The economic benefits of transitioning from fossil fuels to renewables are significant, and the integration of batteries will enable more effective use of existing infrastructure. The future grid will likely consist mainly of renewable energy sources, with batteries playing a key role in balancing demand and ensuring consistent power supply. The combination of renewables and batteries will lead to a more efficient and cost-effective energy system, ultimately increasing human prosperity.

    • Founder FridaysFounder Fridays is a monthly meetup for founders to discuss challenges and find solutions in a supportive community, reducing loneliness and increasing productivity.

      Addressing hard problems as a founder can lead to great times for a company, but it can also create a sense of loneliness. To combat this, Jason Calacanis created Founder Fridays, a monthly meetup for founders by founders, where they can discuss their biggest challenges and help each other find solutions. The meetings, which occur in various cities around the world, provide a supportive community for founders and offer opportunities for accountability and networking. By sharing their experiences and learning from one another, founders can make their journey less lonely and more productive. To get involved, simply visit thisweekinstartups.com/meetups and register for an upcoming event.

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    Article on Fearless Fund: https://www.bloomberg.com/opinion/articles/2024-06-06/the-fearless-fund-should-keep-fighting-racism-in-venture-capital

    *

    Follow Alex:

    X: https://x.com/alex

    LinkedIn: ⁠https://www.linkedin.com/in/alexwilhelm/

    *

    Follow Jason:

    X: https://twitter.com/Jason

    LinkedIn: https://www.linkedin.com/in/jasoncalacanis

    *

    Thank you to our partners:

    (10:00) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST

    (19:48) LinkedIn Jobs - Post your first job for free at https://www.linkedin.com/twist

    (30:01) Equinix - Join the Equinix Startup Program for up to $100K in credits and much more at https://deploy.equinix.com/startups

    *

    Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

    *

    Check out Jason’s suite of newsletters: https://substack.com/@calacanis

    *

    Follow TWiST:

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    Instagram: https://www.instagram.com/thisweekinstartups

    TikTok: https://www.tiktok.com/@thisweekinstartups

    *

    Subscribe to the Founder University Podcast: https://www.founder.university/podcast

    This Week in Startups
    en-usJune 11, 2024

    The state of seed, the first TWIST500 startups, and the impact of anonymous apps on society | E1963

    The state of seed, the first TWIST500 startups, and the impact of anonymous apps on society | E1963

    This Week in Startups is brought to you by…

    Attio. A radically new CRM for the next era of companies. Head to https://attio.com/twist to get 15% off for your first year.

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    .Tech Domains - Don’t miss our “Jam with JCal” contest! To apply and get more details go to https://www.jamwithjcal.tech brought to you by .tech domains.

    *

    Todays show:

    Alex Wilhelm joins Jason to discuss concerns about the app "Fizz" (12:24), the state of seed (31:35), the first TWIST500 startups (58:58), and more!

    *

    Timestamps:

    (0:00) Jason and Alex kick off the show

    (11:15) Attio - Head to https://attio.com/twist⁠ to get 15% off for your first year.

    (12:24) Concerns about the app "Fizz" and the use of anonymity in social media apps

    (19:14) The impact of anonymous apps on society, parenting concerns, and the responsibility of investors in harmful tech startups

    (23:16) The case for banning smartphones in schools

    (30:19) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist⁠

    (31:35) The state of seed

    (35:33) Impact of AI on startup efficiency

    (38:17) .Tech Domains - Apply for the “Jam with JCal” contest today at https://www.jamwithjcal.tech

    (39:45) The variety of seed deals

    (45:13) How to leave and join a rival company legally

    (58:58) The first TWIST500 startups

    (1:05:48) Impact of AI on journalism and media companies

    *

    Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

    *

    Mentioned on the show:

    https://www.wsj.com/tech/personal-tech/fizz-is-the-latest-campus-gossip-app-it-took-two-days-to-shake-up-one-high-school-1d59ffd4

    https://www.businessinsider.com/gen-z-fizz-app-anonymous-messaging-cyber-bullying-vermont-2024-6

    https://techcrunch.com/2023/08/10/insiders-bet-more-on-fizz-a-social-network-that-has-now-bubbled-up-at-80-college-campuses/

    https://x.com/JonHaidt/status/1799525595509850522

    https://techcrunch.com/2017/04/28/yik-yak-shuts-down-after-square-paid-1-million-for-its-engineers/

    https://x.com/Jason/status/1799868195899376014/photo/1

    https://techcrunch.com/2024/06/07/y-combinator-yc-startups-tiny-seed-rounds-vc-investors-not-interested/

    https://x.com/dhh/status/1799427898652389827

    https://ticker.thisweekinstartups.com/

    https://www.forbes.com/sites/sarahemerson/2024/06/07/buzzy-ai-search-engine-perplexity-is-directly-ripping-off-content-from-news-outlets/

    https://techcrunch.com/2022/06/24/zendesk-drama-concludes-with-10-2-billion-private-equity-acquisition

    *

    Follow Alex:

    X: https://x.com/alex

    LinkedIn: ⁠https://www.linkedin.com/in/alexwilhelm/

    *

    Follow Jason:

    X: https://twitter.com/Jason

    LinkedIn: https://www.linkedin.com/in/jasoncalacanis

    *

    Thank you to our partners:

    (11:15) Attio - Head to https://attio.com/twist⁠ to get 15% off for your first year.

    (30:19) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist

    (38:17) .Tech Domains - Apply for the “Jam with JCal” contest today at https://www.jamwithjcal.tech

    *

    Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

    *

    Check out Jason’s suite of newsletters: https://substack.com/@calacanis

    *

    Follow TWiST:

    Substack: https://twistartups.substack.com

    Twitter: https://twitter.com/TWiStartups

    YouTube: https://www.youtube.com/thisweekin

    Instagram: https://www.instagram.com/thisweekinstartups

    TikTok: https://www.tiktok.com/@thisweekinstartups

    *

    Subscribe to the Founder University Podcast: https://www.founder.university/podcast

    This Week in Startups
    en-usJune 11, 2024

    Great Builders & Success First with Intercom’s Eoghan McCabe | E1962

    Great Builders & Success First with Intercom’s Eoghan McCabe | E1962

    This Week in Startups is brought to you by…

    LinkedIn Ads - To redeem a $100 LinkedIn ad credit and launch your first campaign, go to http://www.linkedin.com/thisweekinstartups

    .Tech Domains - Don’t miss our “Jam with JCal” contest! To apply and get more details go to https://www.jamwithjcal.tech brought to you by .tech domains.

    Northwest Registered Agent - Northwest Registered Agent will form your business quickly and easily. In just 10 clicks and 10 minutes, set up your entire business identity—name, address, mail service, phone, email, website, and domain. For just $39 plus state fees, Northwest will handle your complete business identity. Visit https://www.northwestregisteredagent.com/twist today.

    *

    Todays show:

    Intercom’s Eoghan McCabe joins Jason to discuss: the state of the business at Intercom and his return as CEO (8:33), the future of customer service with AI (24:28), what makes a great manager (59:36), and more!

    *

    Timestamps:

    (0:00) Intercom’s Eoghan McCabe joins Jason. (1:50) Family history of the two McCabe’s: Jason and Eoghan. (5:49) The kindness and dedication of Intercom’s co-founder Des Traynor. (8:33) What Intercom is, the state of the business and Eoghan’s return as CEO. (10:41) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartups (12:37) Looking at overlap and adjacencies when you are building SaaS products. (16:36) The brilliance of the pre-seed pricing model, and is it broken? (19:47) .Tech Domains - Apply for the “Jam with JCal” contest today at https://www.jamwithjcal.tech (22:16) What is next for companies with. SaaS-based pricing. (24:28) The future of customer service and AI. (30:30) Northwest Registered Agent - For just $39 plus state fees, Northwest will handle your complete business identity. Visit https://www.northwestregisteredagent.com/twist today. (36:09) Expectations from AI one year from now. (45:23) Breaking down the negative press and social reaction to the Humane Pin. (52:34) What the world will look like as conversational AI develops. (59:36) What makes a great manager and the “return of the king” at Intercom.

    *

    Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

    *

    Check out Intercom: https://www.intercom.com/

    *

    Follow Eoghan:

    X: https://x.com/eoghan

    LinkedIn: https://www.linkedin.com/in/eoghanmccabe/

    *

    Follow Jason:

    X: https://twitter.com/Jason

    LinkedIn: https://www.linkedin.com/in/jasoncalacanis

    *

    Thank you to our partners:

    (10:41) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartups

    (19:47) .Tech Domains - Apply for the “Jam with JCal” contest today at https://www.jamwithjcal.tech

    (30:30) Northwest Registered Agent - For just $39 plus state fees, Northwest will handle your complete business identity. Visit https://www.northwestregisteredagent.com/twist today.

    *

    Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

    *

    Check out Jason’s suite of newsletters: https://substack.com/@calacanis

    *

    Follow TWiST:

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    Instagram: https://www.instagram.com/thisweekinstartups

    TikTok: https://www.tiktok.com/@thisweekinstartups

    *

    Subscribe to the Founder University Podcast: https://www.founder.university/podcast

    This Week in Startups
    en-usJune 08, 2024

    Rising Above the Noise in Consumer VC with Kirsten Green of Forerunner | E1961

    Rising Above the Noise in Consumer VC with Kirsten Green of Forerunner | E1961

    This Week in Startups is brought to you by…

    Vanta - Compliance and security shouldn't be a deal-breaker for startups to win new business. Vanta makes it easy for companies to get a SOC 2 report fast. TWiST listeners can get $1,000 off for a limited time at http://www.vanta.com/twist

    Oracle - Oracle Cloud Infrastructure, or OCI, is a single platform for your infrastructure, database, application development, and AI needs. Take a free test drive of OCI at https://www.oracle.com/twist.

    Mercury - With Mercury, you can simplify your financial operations with banking and software that power your critical financial workflows, all within the one thing every business needs, a bank account. And with new bill pay and accounting integrations, you can pay bills faster and stay in control of company spend. Apply in minutes at ⁠https://www.Mercury.com

    *

    Todays show:

    Kirsten Green joins guest host Mark Suster to discuss Forerunner’s framework on making investments (8:33), how AI will change how consumer companies and applications are built (16:28), cultural shifts that are investable (33:38), and more!

    *

    Timestamps:

    (0:00) Kirsten Green joins guest host Mark Suster.

    (2:49) Kirsten’s advice to stand out in consumer venture with only seven percent of VC dollars being allocated to consumer.

    (8:33) Forerunner’s framework on making investments.

    (11:16) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist

    (12:09) The value of searching for where businesses are missing the mark, and the “wow” factor of the Oura Ring.

    (16:28) How AI will change how consumer companies and applications are built

    (19:46) Oracle - Take a free test drive of OCI at https://www.oracle.com/twist.

    (20:50) The current state of the consumer search experience and the power of personalization that AI can bring.

    (24:16) The disruptive lesson from mobile and the next level of being context aware.

    (28:24) Mercury - Join 200K startups who use Mercury to operate at their best at http://www.mercury.com

    (31:57) Forerunner Ventures lives within the intersection of invention and culture.

    (33:38) Cultural shifts that are investable.

    (36:36) The consumer shift from large to small screen.

    (40:42) The importance of the mix between direct and indirect revenue.

    (42:32) Discussing the relevance of “freemium”.

    (55:48) What the exit environment is like going forward.

    (1:02:55) What will it take to bring back the small and mid-cap market?

    *

    Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

    *

    Check out Forerunner Ventures: https://www.forerunnerventures.com/

    *

    Follow Kirsten:

    X: https://x.com/kirstenagreen

    LinkedIn: https://www.linkedin.com/in/kirstengreen/

    *

    Follow Mark:

    X: https://twitter.com/msuster

    LinkedIn: https://www.linkedin.com/in/marksuster/

    *

    Thank you to our partners:

    (11:16) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist

    (19:46) Oracle - Take a free test drive of OCI at https://www.oracle.com/twist.

    (28:24) Mercury - Join 200K startups who use Mercury to operate at their best at http://www.mercury.com

    *

    Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

    *

    Check out Jason’s suite of newsletters: https://substack.com/@calacanis

    *

    Follow TWiST:

    Substack: https://twistartups.substack.com

    Twitter: https://twitter.com/TWiStartups

    YouTube: https://www.youtube.com/thisweekin

    Instagram: https://www.instagram.com/thisweekinstartups

    TikTok: https://www.tiktok.com/@thisweekinstartups

    *

    Subscribe to the Founder University Podcast: https://www.founder.university/podcast

    This Week in Startups
    en-usJune 07, 2024

    Texas energy grid challenges and solutions with Base Power’s Justin Lopas | E1960

    Texas energy grid challenges and solutions with Base Power’s Justin Lopas | E1960

    This Week in Startups is brought to you by…

    OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at https://www.openphone.com/twist⁠

    Squarespace. Turn your idea into a new website! Go to http://www.Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.

    Lemon.io - Hire pre-vetted remote developers, get 15% off your first 4 weeks of developer time at https://Lemon.io/twist


    Todays show:

    Base Power’s Justin Lopas joins Jason to discuss the critical link between energy availability and GDP per capita, focusing on Texas' deregulated energy market and recent power outages (2:16). They also dive into ERCOT's role (7:40), dynamic grid pricing (20:04), batteries' potential for grid resilience (23:09), and more!

    *

    Timestamps:

    (0:00) Base Power’s Justin Lopas joins Jason

    (2:16) Discussion on Texas energy grid and recent power outages

    (5:34) Deregulated energy market in Texas

    (7:40) How the Texas grid works and the role of ERCOT

    (9:35) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist⁠

    (10:50) Issues with the Texas energy system, power outages, and comparison with California's energy issues

    (20:04) Dynamic grid pricing in Texas

    (23:08) ERCOT's procedures during overload conditions and the role of batteries in grid resilience

    (25:39) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST

    (30:40) Cost comparison with Tesla Powerwalls

    (36:09) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

    (45:12) Current deployment status, operational challenges, and regulatory challenges in the energy market

    (50:32) Proposal for trusted vendor programs and preferred vendor status

    (1:03:41) Correlation between energy availability and GDP per capita

    (1:04:19) Solving the energy problem to boost human prosperity

    *

    Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

    *

    Check out Base Power: https://www.basepowercompany.com

    *

    Follow Justin:

    X: https://x.com/JLopas

    LinkedIn: https://www.linkedin.com/in/justinlopas

    *

    Follow Jason:

    X: https://twitter.com/Jason

    LinkedIn: https://www.linkedin.com/in/jasoncalacanis

    *

    Thank you to our partners:

    (9:35) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist⁠

    (25:39) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST

    (36:09) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

    *

    Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

    *

    Check out Jason’s suite of newsletters: https://substack.com/@calacanis

    *

    Follow TWiST:

    Substack: https://twistartups.substack.com

    Twitter: https://twitter.com/TWiStartups

    YouTube: https://www.youtube.com/thisweekin

    Instagram: https://www.instagram.com/thisweekinstartups

    TikTok: https://www.tiktok.com/@thisweekinstartups

    *

    Subscribe to the Founder University Podcast: https://www.founder.university/podcast

    This Week in Startups
    en-usJune 06, 2024

    Steve Jurvetson and The Metals Company on Ocean mining, EV market growth, and AI's tech impact | E1959

    Steve Jurvetson and The Metals Company on Ocean mining, EV market growth, and AI's tech impact | E1959

    This Week in Startups is brought to you by…

    Eight Sleep. Good sleep is the ultimate game changer.

    The newest generation of the pod, the Pod 4 ultra has arrived.

    Head to eightsleep.com/twist and use code TWIST to get $350 off the Pod 4 Ultra.

    Mercury. With Mercury, you can simplify your financial operations with banking and software that power your critical financial workflows, all within the one thing every business needs, a bank account. And with new bill pay and accounting integrations, you can pay bills faster and stay in control of company spend. Apply in minutes at https://www.Mercury.com

    Northwest Registered Agent. Start your business fast and secure with Northwest Registered Agent! In just 10 clicks and 10 minutes, set up your entire business identity - name, address, mailservice, phone, email, website, and domain. Everything You Need to Launch Your Business in Minutes! For $39 business formation visit https://www.northwestregisteredagent.com/twist

    *

    Todays show:

    Steve Jurvetson and Gerard Barron join Jason to discuss the growth and challenges of the EV market (1:50). Then, they discuss TMC’s involvement in polymetallic nodules and robotic vacuuming for ocean nodules (15;34), the geopolitical aspects of deep-sea mining (40:50), and AI’s impact on technology (52:01).

    *

    Timestamps:

    (0:00) Steve Jurvetson and Gerard Barron join Jason

    (1:50) EV market growth and challenges

    (2:42) The mission of The Metals Company

    (5:54) Gerard Barron explains polymetallic nodules

    (13:59) Eight Sleep - Head to https://www.eightsleep.com/twist and use code TWIST to get $350 off the Pod 4 Ultra.

    (15:34) Robotic vacuuming and ocean nodules

    (19:17) Environmentalists' perspectives on ocean mining

    (28:16) Mercury - Join 200K startups who use Mercury to operate at their best at http://mercury.com

    (29:47) Deep dive into VC with Steve Jurvetson

    (36:16) Northwest Registered Agent - For just $39 plus state fees, Northwest will handle your complete business identity. Visit https://www.northwestregisteredagent.com/twist today.

    (40:50) Geopolitical aspects of deep-sea mining and future outlook

    (52:01) The age of AI and its impact on technology

    *

    Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

    *

    Check out The Metals Company: https://metals.co

    *

    Follow Gerard:

    X: https://x.com/gtbgtb

    LinkedIn: https://www.linkedin.com/in/gerardbarron

    *

    Follow Steve:

    X: https://x.com/FutureJurvetson

    LinkedIn: https://www.linkedin.com/in/stevejurvetson

    Check out: https://future.ventures

    *

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    X: https://twitter.com/Jason

    LinkedIn: https://www.linkedin.com/in/jasoncalacanis

    *

    Thank you to our partners:

    (13:59) Eight Sleep - Head to https://www.eightsleep.com/twist and use code TWIST to get $350 off the Pod 4 Ultra.

    (28:16) Mercury - Join 200K startups who use Mercury to operate at their best at http://mercury.com

    (36:16) Northwest Registered Agent - For just $39 plus state fees, Northwest will handle your complete business identity. Visit https://www.northwestregisteredagent.com/twist today.

    *

    Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

    *

    Check out Jason’s suite of newsletters: https://substack.com/@calacanis


    Follow TWiST:

    Substack: https://twistartups.substack.com

    Twitter: https://twitter.com/TWiStartups

    YouTube: https://www.youtube.com/thisweekin

    Instagram: https://www.instagram.com/thisweekinstartups

    TikTok: https://www.tiktok.com/@thisweekinstartups

    *

    Subscribe to the Founder University Podcast: https://www.founder.university/podcast

    This Week in Startups
    en-usMay 31, 2024