YouSaid · the spoken record

Jeremy Redman

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80
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2025-05-16
most recent
2025-05-16
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  1. If you want an all in one equity management platform, Fidelity Private Shares, they've got you covered. Visit fidelityprivatechares.com. That's one word, no spaces, no dashes. FidelityPrivateShares.com. And hey, mentioned this week in startups. They'll give you 20% off your first year subscription. Once again, FidelityPrivateShares.com and tell them that you heard about it here on this weekend startups. Do you guys want to hear it? Do you want to hear it here? Do you want to hear what it? What ruining my Tom Ford suit? $6,000 suit. I mean, From by the way, what was there?

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  2. Yeah, great to see you as well. Maybe just from a product perspective, what are you trying to accomplish with the product?

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  3. Advertisement is paid by Fidelity private shares. All right, founders, we all know cap tables, due diligence, and of course, managing investors is a huge headache. There's a very simple For you. Today, we're talking with Kristen Kraft, an old friend of mine, and she works at Fidelity Private Chair, a new group over at Fidelity. You've heard of Fidelity before. And they have a mission to help startups simplify equity management. They're going to save you money. They're going to give you better service. Welcome to the program, Kristen.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  4. And you just found rain on a tent, and then you could bring it back to somebody else. That's a very specific thing. I don't think the AI understands the difference between rain on a tin roof versus a tent unless it had a very specific object. If I said rain on a Tom Ford suit on an Adirondack chair, like would it be able to do that and actually understand something specific like rain on a water? Code I'm generating that exact

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  5. There's a sound library that you can license Hundred grand and take all, and they own Just like, yeah, feel free to train it. And that would be the right way to do it. I bet you they disclosed somewhere on their website where they got these things and how to do it because you're just inviting a lawsuit if you went on.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  6. Disclose or figure out because they will get in trouble is where they got these sounds from on the open web. Sound is different than, you know, just text. Like you might be able to figure out where that came from.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  7. Or, you know, do a CD of meditation. And now to be able to do it that quickly is just wild. I mean, you're talking about That might have been a week's work for a sound engineer to work on a project And now it's just done instantly. I wonder how they train that. I think one of the things

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  8. I mean, what's interesting about this is. Were people who would use sound libraries and make money making these tracks previously

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  9. I'm going to listen through these generations. When I find one that I like, Go for number four. I can add it to this button here. So now I can trigger this sound effect in my signboard. And I can also loop these sound effects so I could have this sound effect looping around on rotation with the sound waves as well. You can imagine this being really nice for a guided meditation or perhaps you just want to have some nice ambient sound while you're working. And to help you focus

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  10. So let's say I want to add a new sign to this ambient soundboard. I am going to ask for Wind the sound of rain hitting the roof Of a tent I'm going to click generate, and the model is going to give me four sound effects that have been created completely from scratch. I can choose from and then drop into my soundboard

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  11. With the ambient preset, we have sounds like light rain. Heavy rain. Sound of waves as well, o And these have all been generated by just describing the sound and having our model generate the sound effect.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  12. First, all the way. If you're not starting with AI and you're trying to solve a problem in your company, you're making a mistake. Every job wreck should come with, why am I not doing this? AI had this conversation with Freeberg yesterday on our AI basics. Go to this week and start up slash basics. All right. I want the soundboard, Lon. Let's start with a little piece of candy here. I know it's not the most important thing, but I like a little. Visual candy, and you said you added it last minute. So that to me sounds like a good setup.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  13. Well, it is virtue signaling to shareholders. Venture capitalist, you're bored. And one of the great ways to virtual signal to the market is say, hey, we're going to demand performance. We're going to have people come, you know, Dara did that and the stock's at an all-time high. Today, the stock hit an all time

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  14. And everybody was like, What, like, why wouldn't you cut 10, see how it goes, cut 20, see how it goes? You know, you would maybe taper off and just see if you can reallocate people. But he came out with the grand pronouncement and then this one. So I wonder if the quantitative thing was a bit performative in some ways, Alex, where maybe that was like, I want to be the AI first CEO, you know. And I want to, I'm not saying candor, but I want to get cred for that. This sounds silly that a CEO, and I don't know the CEO of Clarina all that well, and I'm not accusing him of anything nefarious. However, you see CEO behavior. I mean, leaders of companies can be a bit narcissistic, bombastic.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  15. Not from what I'm seeing. You know, when I see people applying AI to different business sectors. The reason the Quanta story became the Corner story was because he was like, wholesale, we're down 700 people out the door.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  16. And so, but the reason that I'm bringing that up is You can do that to your point. You said the number was 12 to 15. I think it's 11, exactly.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  17. And I can tell you these three or four people are very impressive to me right now. Out of those three or four people who are the most impressive, like two of them are recently impressive to me. So I kind of feel like I've got an all-star team right now. I don't feel like there's a couple people I think who could, you know, increase 10% or 20%. But I don't feel like we got any duds on the investment team who are not working hard and not committed. Absolutely.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  18. Just 5%. And there's something to be said for that. I do think I have been on high performing teams where if I look at my investment team at launch right now as an example, just a bunch of people just tightened up, got a little bit.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  19. Jack Welch was like just cut 5% of people a year, and most management theory kind of believed that. I believe it was Jack Welch at GE who was.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  20. Know number 19 or 20 on that 20 person team, you're like, that's the person who shows up late, leaves early, you know, is breaking my chops, almost never do you have a 20 out of 20 like-star. You're shipping a product or building a company, you need to be organized, and you know that Atlassian has exactly what you need to streamline your work and to crush your goals. You're going to need a system and Atlassian is the system for startups. Atlassian for startups is packed with all the tools that you need. JIRA that tracks every single task, every sprint, every bug you have in your startup Confluence. That's for team collaboration and documentation. And my favorite, oh man, we use this all the time. Loom at Lassie and Software helps companies like Canva, Cloudfair, Rivian, and mine launch. It helps us grow. It helps us innovate, and it creates a sense of calm and organization within your startups. I want you to check out Atlassian for startups, eligible startups get up to 50 seats. That's right. You heard it correct. Not five seats, add a zero, 50 seats for a free for one year. Head to Atlassaan.com slash startups slash Twist.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  21. Yeah, I would say the truth probably lies between the two. In each of these individual cases, when this happens, they go to each team, Alex, and they say, we want to tighten up here. You've got a 200 person team. Tell us the five people who are the lowest performers. And that person then says, oh, I could give you the 10% of the lowest performers because it's one in 10 people in every team who are pretty annoying. I'm going to say on average to the managers who they're call them the trouble child. You know, the person who just is not dialed in, not getting it done. So for managers, they're always looking for an excuse to cut the bottom person. It's almost, I don't know about you, Lon, but you've been in charge of 10 or 20 person teams before.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  22. This will have a very deep impact on the bottom line if we can show the markets, hey, we're doing more with less. We're growing 10% a year or whatever they're growing while cutting 600K salaries. I mean, it's a level of getting fit in austerity. It is very appealing to shareholders and it's very disturbing to rank and file. I got to think if you're at Microsoft right now and you see a 600K nine-year vet sitting next to you get walked out the door to be perplexed unless the person was Really, the bottom 3% of performers. But if they Internal

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  23. That's the key one that I teed off of when we were in our group chat or in Slack. This is really interesting. $600,000 total comp employees, people are wondering who gets paid $600,000. It's not like the CFO salary or the, you know, like a management salary. That's total comp. So if you started with Microsoft and you had a four-year grant and Microsoft shares doubled since that time, you might have been given 250k salary and 100K a year or 200K a year in stock rents, but they could have doubled. So now you've got people making $600,000 a year. I got to think that there's some bean counter somewhere looking at this saying, hey, the company's going to function perfectly well on with 97% of the talent. Obviously, it will. And we don't care what the signals in turn.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  24. Microsoft and you're on blind and I catch you. I think that's a snap firing. But okay, yeah, that's a little bit weird. But so Alex, you look up how you get how you're able to post a blind. I want to know that mechanic there, but.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  25. Yeah, Lon, maybe you could bring up and give us a little color commentary here on what was on blind. People don't know. Blind is one of these anonymous social networks for people to vent at work. They tend to be like a back channel. And I think in order to post too at microsoft.com, you have to register with them within at Microsoft email, which seems like a very dangerous thing to do.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  26. Because we're massively profitable, we're printing money. Au contra monfre things are going smashingly for Microsoft and they're doing six thousand people just hit the bricks.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  27. 3% seems like a small number, but 6,000 is a large number of highly paid individuals. This is a lot of software engineers. There's a lot of project managers, a lot of really interesting titles. And this comes on the heels of other layoffs and return to office by Uber, Amazon, Google, Meta. There's something happening here. And I think we know what it is. The deal between Law and management Talent. I'm going to say talent in our industry, management and talent. Owners of the business responsible for the bottom line, the talent that helps them execute on the vision has been, hey, if things are good, things are good. We're making money. We're profitable just relax. There's nothing to worry about.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  28. The war between talent. Technology and management is raging. It's a little bit of a Cold War and a standoff, but it is now becoming a full-blown, at least on TikTok and the socials, X, Blue Sky is falling. This is going to become an outright war because something happened just yesterday or the day before. Microsoft, which has record profits. Am I correct, Alex, record profits at this moment in time? Record profits. They've done layoffs and riffs before, decided to cut 3% of their staff, 6,000 people. This is not a small...

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  29. Perfect. So we're going to keep track of that for you because exits are critically important. I have had now three or four discussions ever since Trump sort of wound down the tariff turmoil or the trade turmoil, whatever you want to call it, 4DS. All of a sudden, M&A is back. So here we are. People are starting to think about IPOs, et cetera. So we're going to get that dialed in for you as an audience because it's important when you're running a company. You're going to start having to evaluate these offers and make decisions. Lawn.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source

  30. Everybody, welcome back to this week in startups. I've been doing this for 14 years. My Lord, I'm exhausted. It's Friday, May 16th, with me, Lon Harris and Alex Wilhelm. We're going to go through big tech. Go through a little tack. We're going to do it office hours. If you're passionate about tech, startups, finance, media, all that great stuff, you're in the right place. Let's get started, gentlemen. You can find us on YouTube, X, Twitter, LinkedIn, at all those great places. Just search for this week in startups. Alex, I had asked you to just keep track of IPOs by month. You're keeping track of that? Yeah.

    2025-05-16 · This Week in Startups · Microsoft Layoffs, Immigration Blunders, & Office Hours with Jeremy Redman of Airfive | E2127 · IDENTIFIED FROM THE TRANSCRIPT · source