Why Data Is the Next $1 Trillion Market

Hey everybody, welcome back to Twist. This is Alex, and it's Wednesday, July 8th, and that means it's time for yet another venture capital roundtable. Today, we are gonna dig into how exposed American startups are to a possible ban on open model exports from China. Secondary markets and their needed fixes, startup MA, and why the AI conversation has we centered around the value of data and more. To help you understand all of this, I brought a couple of friends. This week in Startups is brought to you by DigitalOcean. Want to see what building on a true AI native platform looks like? Head to DO.co slash twist to start building on Digital Oceans AI native cloud today. And cut your AI workload costs by up to fifty percent. Agree.com. Stop chasing invoices and automate your entire contract to cash stack.

Go to agree.com and tell them Jason sent you to get fifty percent off for life and every.io for all your incorporation, banking, payroll, benefits, accounting, taxes, and other back office administration needs. Visit every dot IO. In one corner, we have Mr. Nikhil Basu Trevetti of Footwork. Last fund was two hundred and twenty five million dollars. He's a backer of companies like GPT Zero and Windborn. Nikil, hey, glad you're here. Great to great to be here, Alex. And great to be with you, Michael as well. Speaking of which, we also have Michael Kim of Sandana Capital, a fund of funds investing LP capital into early stage venture funds. It also runs a secondaries fund and a co investment fund for series B startups and later. Michael. Welcome to the show. Great to see you guys. Thanks for having me on.

So I'm glad we have we have both of you because we have the traditional VC perspective and then we also have kind of the LP side of things. And the biggest point of conversation or contention really, I think in venture circles for the last week may have been the blow up between US V C, the angel list aligned. Open ish venture fund. And also Andrew, the well-known late stage American dynamism defense company, uh essentially catching people up who don't know, USVC claimed they purchased uh exposure essentially to Andrew at its series H price. And then Mr. Grim, a co founder of Andrew. Uh said, No, you didn't, and there was a big blow up on Twitter trying to figure out how this all went down. Uh the gist, gentlemen, as far as I can tell, is that people are figuring out

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