Will Facebook's Metaverse Bet payoff and Chat GPT3 winners and losers | SVIC Podcast #2

In this video Aman Verjee and Jonathan Brill explore the potential of Facebook’s investment in the metaverse, and they will discuss the impact Chat GPT3 will have on different industries.

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Topics covered in this video:
00:28 Will #facebook’s investment in the #metaverse pay off?
01:30 FB’s Free Cash Flow
03:00 Daily active users and average revenue per user
04:00 Metaverse is one of the largest financial projects in American history
07:50 Not obvious what the returns on metaverse will be
09:00 Will employees stick around for the metaverse to pay off?
11:10 What is the Metaverse for? Taking Zoom calls in VR? Playing video games? And how do you pitch this vision to new hires?
14:45 What are FB’s strengths?
17:30 Getting away from the ad revenue model
19:20 The potential of integrating AI and the Metaverse
23:00 How to get more folks over the VR goggles hump?
25:45 Should the Metaverse be an independent startup outside of Facebook?
27:53 How will #chatgpt affect tech companies?
30:00 Customer service and copy writing will be impacted by AI
32:25 Bad VC question every startup should prepare for
33:50 You might save money outsourcing, but you lose on coordination overhead.
34:40 Chat GPT3 is not quite ready for certain use cases
38:15 #stackoverflow banning #chatgpt answers
39:50 Chat GPT3 speaks authoritatively even when wrong
43:00 Reviewing contracts

About the guests:

Aman Verjee is the general partner and founder of Practical Venture Capital, a venture capital company here in Silicon Valley. Aman has spent the last five years in venture. Before that, he was the CFO of Sonos (the publicly listed maker of wireless sound systems) and spent 10 years at PayPal, where he led the Financial Planning and Analysis team also the Strategy team, and was once the junior guy on the IPO deal team working for David Sacks, Peter Thiel and Elon Musk.

Jonathan Brill is the Senior Vice President of Community at Slickdeals. Before joining Slickdeals, Jonathan spent seven years running Community & Operations at Quora, consulting with startups on community strategy, and held several sales leadership roles with B2B startups.

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