A reminder for new readers. That Was The Week includes a collection of my selected readings on critical issues in tech, startups, and venture capital. I selected the articles because they are of interest to me. The selections often include things I entirely disagree with. But they express common opinions, or they provoke me to think. The articles are snippets sized to convey why they are of interest. Click on the headline, contents link, or the ‘More’ link at the bottom of each piece to go to the original. I express my point of view in the editorial and the weekly video below.Hat Tip to this week’s creators: @reidhoffman, @dougleone, , @credistick, @rex_woodbury, @NathanLands, @ItsUrBoyEvan, @berber_jin1, @cityofthetown, @keachhagey, @pmarca, @bhorowitz, , @signalrank, @steph_palazzolo, @julipuli, @MTemkin, @geneteare, @lorakolodny, @jasminewsun, @JBFlint, @asharma, @thesimonetti, @lessin Contents * Editorial:  * Essays of the Week * Crossing The Series A Chasm * The Consumer Renaissance * The Creator Economy on AI Steroids * AI Is Transforming the Nature of the Firm * The Opaque Investment Empire Making OpenAI’s Sam Altman Rich * Video of the Week * The American Dream - Marc Andreessen and Ben Horowitz * AI of the Week * SignalRank Version 3 Improves Performance Again * How Long Can OpenAI’s First-Mover Advantage Last? * OpenAI Employees Warn of Advanced AI Dangers * A Right to Warn about Advanced Artificial Intelligence * Nvidia hits $3tn and surpasses Apple as world’s second-most valuable company * VCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market * News Of the Week * Crunchbase Monthly Recap May 2024: AI Leads Alongside An Uptick In Billion-Dollar Rounds * Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI * Introducing video to Substack Chat * Instagram’s Testing Video Ads That Stop You From Scrolling Further * Startup of the Week * NBA Nears $76 Billion TV Deal, a Defining Moment for Media and Sports * X of the Week * Doug Leone - I am supporting Trump. * Reid Hoffman - I am supporting Biden Editorial I woke on Tuesday to Doug Leone of Sequoia Capital on X saying: I have become increasingly concerned about the general direction of our country, the state of our broken immigration system, the ballooning deficit, and the foreign policy missteps, among other issues. Therefore, I am supporting former President Trump in this coming election. Doug has the right to support Trump. It is also clear that the immigration system is broken, the deficit is ballooning, many things are wrong with foreign policy, and there are “other issues.” Trump as the solution is less obvious. But there it is—hot on the tails of Chamath Palihipitaya and David Sacks announcing a fund-raiser for Trump on the All-In podcast (they said they would do the same for Biden). Reid Hoffman followed up a day later with: On one level, this is a straightforward choice, but any literate attempt to analyze Leone’s issues might arrive at the following conclusions: * Like many Western nations, the USA is aging rapidly and has a shrinking working-age population across all skill sets. Immigrants are needed, and pro-immigration leadership is needed, creating a path to entry for large numbers of skilled and unskilled workers to fill empty jobs as we get close to full employment. * The deficit is large, and there are many palliatives available. Selling more to China would help, but both party leaders are protectionist. Taxes to reduce the divide between the 1% and the rest would help a bit. However, what would help the most is economic growth, which requires investment in technology and productivity. Neither leader seems too focused on innovation and investment. * Foreign Policy - well, sheesh, it’s a big issue. However, saber-rattling about Taiwan and provoking China seems to be a hobby shared by both parties and does not seem smart. Ukraine and the fu