Apple AI Better Be Baller

Meanwhile, Robinhood gets into the credit card game and the Instagram co-founders might not shut down their side project after all.

Unless Tim Cook announces that he’s a robot I don’t see how WWDC can be anything besides a let down. Ship freaking AI Siri for god’s sake. This is getting ridiculous. Meanwhile, Robinhood gets into the credit card game and the Instagram co-founders might not shut down their side project after all.

Deal Sheet offers the best (and actively investable) venture capital investment opportunities directly to your inbox weekly.

Apple announces its big annual conference, where it could reveal its AI strategy

“Cook said Apple was “investing significantly” in AI and teased an AI-related announcement “later this year” that many analysts believe will come at the Worldwide Developers Conference.”

Robinhood’s new credit card goes after Apple Card with ability to invest cash-back perks

“Gold Card users can earn 3% cash back on all categories, including restaurants and groceries, and 5% cash bank when booking travel at Robinhood’s new travel portal. That cash back can be transferred to brokerage accounts, which can go toward making investments like stock purchases, the company says”

Instagram co-founders’ AI-powered news app Artifact may not be shutting down after all

“It takes a lot less to run it than we had imagined,” Systrom confirmed to TechCrunch, adding that it’s just himself and Krieger running Artifact right now. “It will still likely go away, but we’re exploring all possible routes for it going forward.” (Perhaps an exit deal is at hand?)'

Hot Links

TOMORROW: Hyperscaling - The Employee Perspective

​Join us live on Thursday, March 28 at 3pm EST to dive into what nitty gritty of on being a very early employee at a hyperscaling startup.

Excited to dive in here and to get a better understanding of the hypergrowth story from the employee perspective. We have all heard these stories from the founder perspective, but the employee side is under-discussed.

  • How do you know you’re hyperscaling?

  • How to think about your role?

  • How do you win?

  • How can you lose?

​We'll be joined by seasoned operators who have seen the dos and don’ts first hand:

​This event is brought to you in partnership with Sacra.

NEXT MONTH: Demo Day Is Back With SeedChecks

Demo Day is back--and this time we're partnering with SeedChecks to make it even bigger! Click here to RSVP to the live event.

SeedChecks was built by our friend Julian Shapiro as a one stop shop for founders to get in front of some of the biggest names in venture. It’s an impressive group and we’re excited to bring our Live Demo Day format to their ecosystem. Here’s how it works:

When you submit two things happen:

  • First, you’ll have your deck reviewed by the SeedChecks team as well as their incredible group of investors. The group of over 15 active investors write checks between $300k and $3M.

  • Second, if it’s a fit for Demo Day, we will reach out directly to invite you to present live.

We will select 4 founders to present live in front of the combined audiences of Sandhill and SeedChecks!

​Finally, tune in live on Thursday, April 11th at 3PM ET to watch these four exciting founders present what they're building to a panel of experienced investors and seasoned operators. Our amazing panelists:

Deal Sheet offers the best (and actively investable) venture capital investment opportunities directly to your inbox weekly. Deal Sheet subscribers have already received investment opportunities alongside Kleiner Perkins, Naval Ravikant, General Catalyst, Andreessen Horowitz, Spark Capital, Khosla Ventures and more!

The Deal Sheet Co-Founders Alex Pattis and Zachary Ginsburg are the global VC Syndicate leaders with over 700 investments closed and over $200m invested into startups. Additionally, over the last five years, Alex and Zach have collaborated on deals with over 50 VC syndicate leads who have collectively put together over 1,000 startup investments. 

During this process Zach and Alex have built unparalleled syndicate relationships and deal flow channels that they are now opening up and curating for Deal Sheet subscribers.

Benefits of a Deal Sheet membership include:  

  • Access – Alex & Zach are committed to offering 1-4 of the best actively investable venture capital opportunities each week to all subscribers

  • Flexibility – all members have full discretion over whether to invest on an offering-by-offering basis. 

  • Discounts – all members are receiving discounted carry on Deal Sheet opportunities 

  • Network – Alex & Zach have an unparalleled network in this venture capital syndicate ecosystem. Getting access to the right startup opportunities could be the difference between finding the next Uber or the next Quibi…

I’m not sure how this is relevant yet, but I feel like it will be somehow.

Letters From The Editor

Misc. (short for miscellaneous)

Apple AI Strategy

The reality here is that they don’t have to lead. If they launch something comparable to GPT-4 that’s native to my iPhone, it’s going to get used. Given their complete ownership of distribution there I can see why they’re not out trying new things. Might as well wait for other people to spend the money experimenting and screwing up. It’s not very exciting, but I guess it’s good business.

Unless they do launch something and it sucks. In which case, Apple is just a monopoly that can’t innovate and doesn’t have to.

Part of me hopes that figure it out and we all get great AI on our iPhones in a way that’s better than me opening the GPT app. The other part of me wants them to be exposed as a very well designed and well lit monopoly that caught resting on their lead.

Robinhood Credit Card

I’m not a points/reward nerd so honestly I don’t really care that they launched a new card. Generally, new credit card schemes always strike me as a pure cash grab and the idea of using the word “innovation” or “disruptive” in/around the launch is a disservice to stuff that actually moves the needle.

I saw someone on Twitter say something along the lines of “This is awesome. I’m not sure how they make the numbers work, but I love it.” and it struck me as pretty naive. It’s like not understanding how you pay for free social media. They make the numbers work by sneakily making more money off of you. You’re the product. Maybe Ken is involved. Probably.

I’m not anti-credit cards. I’m just anti sneaky monetization.

Poll Results - Microsoft Avoids Regulation - Vol. 2

Are you surprised Microsoft is able to get away with their dominance of AI while other Big Tech cos get sued?

🟩🟩🟩🟩🟩🟩 Yes (18)

🟨🟨🟨⬜️⬜️⬜️ No (10)

🟨⬜️⬜️⬜️⬜️⬜️ Not sure (5)

Led the witness here a bit with the wording of this question. Also, I’m not sure I’m “surprised” considering this generally seems to be the way the game is played.

Talk soon,

PS - Do you want to sponsor this newsletter or an upcoming live event? Reply to this email and/or shoot a note to [email protected] to learn more.