Apps to answer math questions have been around for a while.
But ChatGPT is different - it can do things that previously required human judgment and analysis, like writing full essays or solving complex problem sets.
The result? An "existential crisis" for educators.
What's next? I see three paths forward:
1β£ Schools adjust assignments to prevent the use of AI.
Take-home work largely disappears. Class time is used for proctored essays, problem sets, and exams.
Homework time is spent learning asynch via video - a "flipped classroom" model.
2β£ Schools embrace AI.
Students will use AI in real life. Why make them do things the "old fashioned way" at school?
Instead, lessons will incorporate AI - teaching students how to write prompts, analyze outputs, and edit as needed (CC: @emollick).
In this case, AI assistance is viewed like plagiarism. Educators learn how to detect it, and have policies in place to downgrade or disqualify assignments.
A "GPT watermark" may already be in the works at OpenAI π
We'll start with the basics - the 5β£ most important things to include:
1) Pitch deck 2) Cap table 3) Historical P&L and burn 4) Usage data (e.g. growth, retention) 5) LTV/CAC and payback period
More detail in the post on metrics we look at + how to calculate them (example β¬οΈ).
We also dive into the core metrics for each category of company: marketplaces, social apps, subscriptions, and e-commerce.
You'll want to include slightly different data for each. Retention for a subscription app (example β¬οΈ) will look different than retention for a marketplace.
We're witnessing a tug-of-war to own the creator economy.
Web2 platforms are finally taking creator monetization seriously - but web3 challengers are pitching a new approach that gives creators more ownership.
This started as a post on why incumbents like FB and Twitter, which have long taken a "hands off" approach, are now interested in helping creators make $.
They're under fire from up-and-comers like TikTok setting new standards for monetization - even directly paying for content.
But I came to realize that the bigger threat may be the wave of web3 platforms reimagining the relationship between creators and fans.
Web3 appeals to creators concerned about issues like transparency, moderation, and equity, while giving their followers an economic upside.
2/ This 25-page guide is intended to help you navigate every step of the process, answering Qs like:
-What kind of firm might be a fit?
-How do I prep for interviews?
-Who hires analysts/associates?
-Should I do my own diligence on roles?
-How do I get involved in VC at college?
3/ I also get into the nitty-gritty on how to nail the written work that often pops up in the process.
Writing an investment thesis or memo isn't rocket science - but it can be overwhelming if you haven't done it before!
The guide breaks it down with actionable suggestions.