- Backed Founders
- Posts
- 🚀 Boeing CEO to Step Down
🚀 Boeing CEO to Step Down
PLUS: Adam Neumann trying to buy back WeWork, Reddit CEO defends his $193m compensation.
Dear founder, here’s your 3-minute recap (without the fluff):
Boeing CEO Dave Calhoun will step down by the end of 2024 in a significant management shakeup → More here
Adam Neumann's bid to repurchase WeWork involves an offer exceeding $500 million → More here
Reddit CEO Steve Huffman has defended his $193 million compensation package → More here
New tools, funding updates & job postings
In Partnership With
April 4, 2024, 10 am to 12 pm PT.
Join our free two-hour course to learn to build custom AI apps without code. This webinar gives any marketer the skills to quickly launch apps that train from your own data and integrate with the tools you already use. Optimize marketing operations like content generation, engagement analysis, and lead qualification.
🛠️ Tools |
Use AI in Internal Operations - Streamline, automate, and grow. Learn practical strategies. (Fill out the form to chat)
Supercharge your career. Sidebar is an exclusive, highly curated leadership program designed to propel you to new professional heights. Tap into a small group of peers (think: Fortune 500 execs and start-up CEOs) who have best-in-class experience in their industry for advice, new perspectives, and raw feedback to catalyze your professional growth. Get started today!
Destiny Tech100 - Early access to an exchange-listed portfolio of private unicorns like OpenAI & Stripe (link)
Attention - Hate CRM updates? AI automates data entry, emails, & scoring for a $250k ARR boost. Try Attention! (link)
Shortform - If your goal is to learn more from Nonfiction books, you NEED Shortform. And at no extra cost, you get access to the Shortform AI extension that allows you to consume knowledge from the internet at hyperspeed. Get 20% off the Annual Subscription only at our link (link)
Zaplify - Love prospecting? You’ll HATE Zaplify! 6.7X your leads with 1 tool doing something else (link)
Pickaxe - A no-code platform that lets you create and embed GPT-4 apps on your website in minutes (link)
SaneBox - Identifies important emails and automatically organizes the rest to help you stay focused (link)
Hexowatch - An AI-powered platform transforming website monitoring for enhanced collaboration and productivity (link)
đź“š Resources
25 storytelling lessons from Shaan Puri (link)
Curation of smart words from creative people (link)
NVIDIA’s CEO on how to structure a company (link)
Steve Jobs's response to an insult in 1997 (link)
PS. If you’re interested in this AI stuff, you should sign up for our other newsletter - Prompts Daily. It has 100,000+ readers (Executives, VCs, and engineers). Sign up with one click.
đź’° FundingCogna's AI-powered SaaS raises $4.7M to improve industry problem-solving (link) Redcoat AI emerges from stealth with $4.24M in funding to revolutionize cybersecurity in the generative AI era (link) | đź’Ľ Job BoardLead UXR Manager, FAIR at Meta (US) Engineering Manager, ML at Reddit (Remote) |
đź’Ś Etcetera
Falcon vs car
13 bars in strange places
Population growth by region (1900-2050F)
On-animal cameras reveal hidden whale world
The world’s biggest cloud computing service providers
Could you pass the presidential physical fitness test today?
A total solar eclipse is coming. Here’s what you need to know
The surprising impact of wind turbines on US property prices
20 renovation projects to upgrade your home on a small budget
It's about time: 10 meals that take 10 minutes, and 10 that take 10 hours
🗞️ News
Boeing CEO to Step Down
Boeing CEO Dave Calhoun will step down by the end of 2024 as part of a significant management restructuring. Chairman Larry Kellner will not seek reelection, and Stan Deal, CEO of the commercial airplane unit, is departing immediately. This move follows increased scrutiny over quality control issues faced by Boeing executives.
The stock rose 1.71% in response to the news. The changes aim to address concerns raised by regulators and customers, signaling a pivotal moment for the aerospace giant.
Adam Neumann Trying to Buy Back WeWork
Adam Neumann, the co-founder of WeWork, has submitted a bid of more than $500 million to acquire WeWork out of bankruptcy, with the potential for the bid to reach $900 million pending due diligence. Despite offering over $500 million, Neumann faces challenges in securing financing and support from creditors for his bid to buy back WeWork.
Rithm Capital is one of the potential financial backers for Neumann's bid, but their involvement is still in the early stages.
Reddit CEO Defends His $193M Compensation
Reddit CEO Steve Huffman addressed criticism over his $193 million pay, emphasizing that it includes salary and stock. Huffman's compensation is tied to performance metrics and aligns with Reddit's growth and IPO goals. Despite the backlash, Huffman's pay structure aims to align his interests with shareholders, with a significant portion tied to company success post-IPO.
That’s it for now!
Hope you enjoyed this week’s edition! See you next week.
If you have a second, I’d appreciate it if you left a rating for this email (1-5, 5 being the best).