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The Latest Breaking News from Harry Stebbings

The end of the driver's license: Uber exec calls car ownership 'the most inefficient asset' and says no one will need one in 15 to 20 years

Uber president and COO Andrew Macdonald predicts that in two decades, most people will get around by bike, scooter, public transit, or autonomous vehicle.

Fortune

Despite China's 996 culture, DeepSeek founder Liang Wenfeng says his workers don't do overtime or even have KPIs: ‘No one manages them’

While Silicon Valley races to adopt China's brutal 996 culture, DeepSeek's founder says his $60 billion AI company has no KPIs and no overtime.

Fortune

This investor won't back startups unless staff are in the office 6 days a week: 'Not because I don't have empathy, because they're going to fail'

SaaStr founder Jason Lemkin warns that companies allowing employees to work just 20 hours a week at home are destined to fail in the AI era.

Fortune

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Satya Nadella Says Don't Expect Fully AI-Run Companies Anytime Soon — Humans Will Still Be In Driver's Seat

Microsoft Corp. (NASDAQ:MSFT) CEO Satya Nadella believes that while AI will transform businesses, fully AI-invented and run companies are still a long way off, with humans remaining central to operations.

Benzinga

Alexis Ohanian Backs Prediction AI Will Make People '100X More Productive, Reddit Co-Founder Says Sam Altman Convinced Him Back In 2023

On Monday, Reddit Inc. (NASDAQ:RDDT) co-founder Alexis Ohanian endorsed a prediction that future workers could be 100 times more productive — a view he says OpenAI's Sam Altman convinced him of in 2023.

Benzinga

29-year-old founder spammed Salesforce CEO Marc Benioff 53 times—it worked and now he spends 30 minutes a week ‘hustling’ and shooting cold emails

“It is absolutely nuts to me that you can find anyone's email on the internet and just cold email them,” the millennial VC founder said.

Fortune

Bay Area AI startups are turning to China’s outlawed ‘996’ work model

Some Silicon Valley startups are embracing China's outlawed "996" work culture, expecting employees to work 12-hour days, six days a week, in pursuit of hyper-productivity and global AI dominance.

Fortune

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'It's About A Fetishization Of Overwork Rather Than Smart Work,' Why These Tech Leaders Are Pushing Back Against '996 Work Culture'

Venture capital Fund 20VC founder Harry Stebbings made a LinkedIn post in June that sparked a debate among European tech leaders about the culture of overworking.

Benzinga

VC Insists Only '996' Culture Can Propel Toward Billion-Dollar Startups, But Reveals 'There Is Nuance'

Venture capitalist Harry Stebbings says founders who clock out at 5 pm will never helm a $10 billion company, arguing the global race for artificial intelligence dominance demands "seven days a week" commitment.

Benzinga

Scale AI’s 30-year-old billionaire has a warning for anyone who craves work-life balance: ‘maybe you're not in the right work’

What if instead of walking out on jobs that don’t provide work-life balance, Gen Z and millennial workers should leave the jobs that make them crave it instead? That's what Lucy Guo, the youngest self-made female billionaire, advices.

Fortune

Europe's biggest VCs are going to war over adopting China's 996 ‘always on’ culture

The bosses of multibillion-dollar funds disagree over how much a worker needs to be "on" in order to succeed.

Fortune

Max Levchin says it's cathartic to help laid-off staff pack up their boxes: 'You can play this from the comfort of your office or in the middle of the floor that's crying'

“Go be with the people. It'll feel better in the end, and they will feel better in the end," the PayPal cofounder said.

Fortune

‘People don’t get the power of the podcast. But Trump does’: broadcaster-turned-investor Harry Stebbings

The twentysomething podcaster and venture capitalist talks about his $400m investment fund, his mum – and the power of new media to influence politics

The Guardian - UK

Hike in capital gains tax will spark tech exodus from UK, investor says

Harry Stebbings says tax rules make Britain ‘a bad place to do business’ as he warns of entrepreneurs leaving

The Guardian - UK

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