TLDR: Silicon Valley investor Chamath Palihapitiya has announced the launch of 8090, a new incubator aimed at helping enterprise software startups. The incubator will be fully funded by Palihapitiya and will use artificial intelligence (AI) and offshoring to keep costs low and development times short. Startups will also have access to a network of mentors and advisors.
Key points:
- Chamath Palihapitiya, a billionaire technology investor, has launched a new incubator called 8090 to support enterprise software startups.
- The incubator will be fully funded by Palihapitiya and will offer startups an 80% feature complete version of their software at a 90% discount.
- 8090 will rely on AI and offshoring to reduce costs and speed up development times.
- Startups accepted into the program will also have access to a network of mentors and advisors.
Silicon Valley investor Chamath Palihapitiya has announced the launch of 8090, a new incubator aimed at supporting enterprise software startups. Palihapitiya, who runs venture fund Social Capital, will fully fund the incubator. In a post on social media platform X, Palihapitiya stated that 8090 will offer startups an 80% complete version of their software at a 90% discount. The incubator will use artificial intelligence (AI) and offshoring to keep costs low and development times short. Additionally, startups accepted into the program will have access to a network of mentors and advisors.
Palihapitiya, a Canadian-American entrepreneur and venture capitalist, is known for being one of the earliest employees of Facebook. He currently faces several lawsuits from investors relating to his push for special purpose acquisition companies (SPACs). Palihapitiya co-hosts the All-in podcast alongside other Silicon Valley investors, where he has made controversial statements. The podcast has also faced criticism for hosting guests involved in scandals or contentious behavior. Palihapitiya has previously faced backlash for expressing doubts about reports of human rights abuses by China against its Uyghur minority. Despite these controversies, Palihapitiya continues to be an influential figure in the tech industry.
The launch of 8090 provides a new opportunity for enterprise software startups to receive support and resources to accelerate their growth. The use of AI and offshoring to reduce costs and speed up development times is a promising approach that could attract startups looking for affordable and efficient solutions. The access to a network of mentors and advisors could also provide valuable guidance and connections for startups in the program.
