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<ul class="summary-list"><li>'The Legend of Vox Machina' season 3's final batch of episodes dropped on Thursday.</li><li>Critical Role's eight cofounders gave BI insight into how their hobby game became an Amazon show.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/critical-role-amazon-nerdworld-legend-of-vox-machina-season-three-2024-10">"The Legend of Vox Machina,</a>" a Critical Role animated series on Prime Video, aired the last set of episodes from its third season on Thursday at midnight.What started as a game played by a <a target="_blank" class="" href="https://www.businessinsider.com/critical-role-dungeons-dragons-sold-out-live-show-wembley-arena-2023-9">group of voice actors</a> looking for things to do in their downtime has morphed into a mega nerdworld business. Critical Role, the company by the same name, has its own streaming platform, an <a target="_blank" class="" href="https://www.businessinsider.com/critical-role-daggerheart-preorders-2024-9">independent game publishing arm</a>, and <a target="_blank" class="" href="https://www.businessinsider.com/critical-role-liam-obrien-moonward-podcast-book-publishing-comics-media-2024-8">investments in the audio drama business</a>.The founders, meanwhile, are now big names in geek country — <a target="_blank" class="" href="https://www.businessinsider.com/international-countries-live-show-critical-role-ceo-travis-willingham-wishlist-2024-9">in the US and beyond</a>. They're working on <a target="_blank" class="" href="https://www.businessinsider.com/matt-mercer-critical-role-tease-legend-of-the-mighty-nein-2024-4">two Amazon-backed series</a> — a deal they secured with Prime Video after a $11.3 million Kickstarter fundraising round to create their show.Business Insider sat down with all eight cofounders, who discussed how their "D&amp;D" campaign's hundreds of hours of streamed content was rewritten and converted into an animated series."The writers' room collaboration was all of us getting on a whiteboard what the most important moments were to each of us," chief creative officer Matthew Mercer told BI."The Legend of Vox Machina" has had three seasons of 12 episodes apiece so far. But it was based on a 115-episode-long "D&amp;D" campaign, where each livestreamed episode clocked runtimes of three to four hours.<div type="image" title="The cast of Critical Role gathers around a table at their studio." height="1080" width="1920" msid="114603935" hostid="261" sizebytes="251904"></div>This third season, CR co-founders Liam O'Brien and Marisha Ray joined their colleagues — Sam Riegel and CEO Travis Willingham — in the writers' room, taking the lead in crafting one episode apiece.Mercer said the CR team wanted the story to develop "in a way that feels true to the original campaign, but also leaving room for some fresh new things."And the crew also made "some slight changes to keep everyone on their toes," Mercer added."It can be hard at times to decide what things don't make it in, but that doesn't mean they never will," Mercer said. "Some things, we hold on to for later. We get to play with time and the timeline a little bit." <h2 id="6f53fbf2-fb26-4e92-8e60-2c8e2bed80bc">The plot thickens</h2>At the end of "Vox Machina's" third season, the star-crossed lovers Vax'ildan (voiced by O'Brien) and Keyleth (voiced by Ray) finally get together — seemingly for a happy ending — after two and a half seasons of slow burn.But the show also covers a tragic plot point: The death and resurrection of Percival de Rolo, a gunslinger played by CR cofounder Taliesin Jaffe.Jaffe told BI he had some fun with what was, essentially, planning his own funeral."I wanted pomp and circumstance," Jaffe said.He added that the season allowed another side of Whitestone — a city he helped create at the crew's "D&amp;D" campaign table — to be brought to life."Whitestone is my baby," Jaffe said. "I love seeing any moment spent in a new location in that city that has haunted my dreams for a decade plus.""Vox Machina" also features original music, which Riegel — a songwriter and two-time Emmy Award-winning voice director — worked on.<div type="image" title="Sam Riegel and Liam O'Brien attend &quot;The Legend of Vox Machina&quot; S3 Special Screening at The Culver Theater on October 02, 2024 in Culver City, California." height="4000" width="6000" msid="114603931" hostid="261" sizebytes="796460"></div>One of the songs Riegel wrote was about the Ruby of the Sea — a famed courtesan from Critical Role's second long-running "D&amp;D" campaign. Mercer recorded the song, and it later became an episode-ending track.On the casting front, CR's co-founders have looped their kids into recording for the show. Most recently, Ronin Willingham — CEO Travis Willingham's six-year-old son — had a small voice-acting role."I think a few minutes into it, he decided he didn't want to do what we were asking him to do. He wanted to be a dragon instead," Willingham said.<h2 id="6da8b83a-790c-446a-8acd-1bbe915783d9">More stories to tell</h2><div type="image" title="Matthew Mercer, Marisha Ray, Taliesin Jaffe, Laura Bailey, Sam Riegel, Ashley Johnson, Liam O'Brien and Travis Willingham attend The Prime Experience: Saturday Morning Cartoons Ft. &quot;The Boys Presents: Diabolical&quot;, &quot;Fairfax&quot; &amp; &quot;The Legend of Vox Machina&quot; on May 07, 2022 in Beverly Hills, California." height="3488" width="4717" msid="114603932" hostid="261" sizebytes="807232"></div>Riegel and his crew have big plans for the future. And on Wednesday, Prime Video announced that CR is <a target="_blank" class="" href="https://www.businessinsider.com/legend-of-vox-machina-season-4-renewed-critical-role-amazon-2024-10">getting a fourth season of "Vox Machina"</a> — a massive vote of confidence from Amazon in the crew's ability to keep its nerdworld investment humming.Riegel told BI ahead of the third season's launch that the crew still has more stories to tell."As always, we left the season ending on the smallest of cliffhangers," Riegel told BI. "There's evil forces still out there to deal with."The end of the third "Vox Machina" season also portends ominous consequences for O'Brien's half-elf rogue Vax'ildan, who must now pay a heavy price for having helped bring his friend Percival back from the dead."If we are lucky enough to tell the entire story — that we hope to, knock on wood — I think he's just getting started," O'Brien said of his character.CR also has its "Mighty Nein" animated series in the works with Prime Video.An official release date hasn't been announced yet, but recording for the show is already underway. Jaffe told BI that viewers can expect a "darker story" for the "Mighty Nein," as opposed to "Vox Machina's" heroic, dragon-fighting romp."That the show has grown not just into an animated series, but we're still going 10 years later, and there's comics and novels — it's very surreal," Ray told BI.

Critical Role's 8 co-founders say this is how they turned their 'Dungeons & Dragons' home game into an Amazon hit

<keyword id="3171217" type="General" weightage="100" keywordseo="Ilya-Sutskever" source="Orion">Ilya Sutskever</keyword>, co-founder and chief scientist at <keyword id="3169059" type="General" weightage="20" keywordseo="OpenAI" source="Orion">OpenAI</keyword>, has confirmed his departure from the world’s most prominent artificial intelligence startup. This exit comes six months after <keyword id="19558677" type="General" weightage="20" keywordseo="Sutskever" source="Orion">Sutskever</keyword> was involved in a failed attempt to overthrow the company's CEO, <keyword id="257641" type="General" weightage="20" keywordseo="Sam-Altman" source="Orion">Sam Altman</keyword>. Sutskever is widely recognised as a leading figure in deep learning and artificial intelligence. His contributions were instrumental in establishing OpenAI's early prominence in the emerging field of generative AI, which focuses on creating tools capable of generating multimedia responses to human queries. Responding to the development, Sam wrote on X: “Ilya and OpenAI are going to part ways. This is very sad to me; Ilya is easily one of the greatest minds of our generation, a guiding light of our field, and a dear friend. His brilliance and vision are well known; his warmth and compassion are less well known but no less important.” In November 2023, Sutskever allegedly played a central role in an unsuccessful coup within OpenAI's leadership. Alongside other board members, he sought to remove CEO Sam Altman and fellow co-founder Greg Brockman from the board. Despite their efforts, the coup ultimately faltered. Here’s a quick lookback on the events that transpired and the pivotal role that Sutskever played in them. <cmsannotation type="cmsannotation" annotationid="Recap: Ilya Sutskever’s role in Sam Altman firing" comment="subhead" text="Recap: Ilya Sutskever’s role in Sam Altman firing">Recap: Ilya Sutskever’s role in <keyword id="19546324" type="General" weightage="20" keywordseo="sam-altman-firing" source="Orion">Sam Altman firing</keyword></cmsannotation> On November 17, 2023 (Friday), Ilya Sutskever reached out to his boss and fellow board member, Sam Altman, requesting a video chat scheduled for noon Pacific time. Present on the call were other members of OpenAI's board, but it was Sutskever who delivered the unexpected news: Altman was being fired, and the formal announcement would soon follow. This meeting marked the beginning of a tumultuous weekend and sparked a rebellion among OpenAI's employees. By the following Monday (Nov 20), Sutskever surprised many with a sudden change of heart, expressing how he “deeply regretted” his participation in the board's actions and “never intended to harm OpenAI”. This change was reportedly triggered by an emotional meeting with Anna Brockman, Greg Brockman's wife, and pressure from a substantial portion of the company's staff. <div type="twitter" handle="ilyasut" handlename="ilyasut" favoritecount="0" retweetcount="0" id="1726590052392956028"></div> By late Tuesday (Nov 21), efforts to reinstate Altman as OpenAI's CEO had succeeded. A subsequent review determined that Altman's dismissal had been unjustified. Following these events, Ilya Sutskever's tenure on the board was not renewed, although he retained his position within OpenAI. Despite being a prominent figure within the company, credited with the development of the <keyword id="15681942" type="General" weightage="20" keywordseo="ChatGPT" source="Orion">ChatGPT</keyword> chatbot and responsible for ensuring the safe development of AI tools, Sutskever has since kept a low profile — until this week. <cmsannotation type="cmsannotation" annotationid="What next for Ilya Sutskever and OpenAI?" comment="subhead" text="What next for Ilya Sutskever and OpenAI?">What next for Ilya Sutskever and OpenAI?</cmsannotation> Now, <keyword id="21672501" type="General" weightage="20" keywordseo="OpenAI-chief-scientist" source="Orion">OpenAI Chief Scientist</keyword> and co-founder Ilya Sutskever has confirmed that he is leaving OpenAI, putting an end to months of speculation within Silicon Valley. In a tweet on Wednesday, May 15, Sutskever announced his decision to part ways with the AI company, adding how “the company’s trajectory has been nothing short of miraculous” and that it has been an “honour and a privilege” to work with his OpenAI colleagues. <div type="twitter" handle="ilyasut" handlename="ilyasut" favoritecount="0" retweetcount="0" id="1790517455628198322"></div> Replacing Sutskever as Chief Scientist is <keyword id="21662318" type="General" weightage="20" keywordseo="Jakub-Pachocki" source="Orion">Jakub Pachocki</keyword>, who has been a part of OpenAI's research team since 2017 and was mentored by Sutskever himself. The announcement of Sutskever's exit coincides with OpenAI's unveiling of a new and improved version of their AI technology. The upgraded model, <keyword id="21652220" type="General" weightage="20" keywordseo="GPT-4o" source="Orion">GPT-4o</keyword>, promises even higher performance and a more human-like interface, slated for integration into OpenAI's products in the coming weeks. Meanwhile, Sutskever has hinted at the launch of a new project during a statement on Tuesday, though he refrained from providing further details.

As Ilya Sutskever announces OpenAI exit, here’s a quick recap of his involvement in Sam Altman's firing last year

<div type="image" title="Founder Mode is the new buzzword in town" msid="113456356" hostid="261"></div> Silicon Valley is usually buzzing with new catchphrases every now and then. Earlier this year, the phrase “unbossing” captured corporate America’s imagination. The trend seems to be spreading in India as well with a few examples of companies firing middle managers. You can read more about the ‘unbossing’ trend in India here: <a href="https://www.businessinsider.in/business/article/whats-with-all-unbossing-talks-are-indian-companies-also-embracing-this-global-trend/articleshow/113395706.cms">What’s with all “Unbossing” talks?</a> Now, lo and behold, we've got a new trend straight from the minds of Silicon Valley's finest: <keyword id="23219793" type="General" weightage="100" keywordseo="founder-mode" source="Orion">Founder Mode</keyword>. It's like a superhero cape for CEOs but without the spandex. <keyword id="20064348" type="General" weightage="20" keywordseo="Y-Combinator" source="keywords" meta.keywordsubtype="org" meta.entityname="Y Combinator" meta.hostid="261" meta.entityid="Y Combinator">Y Combinator</keyword> co-founder <keyword id="20555672" type="General" weightage="20" keywordseo="Paul-Graham" source="keywords">Paul Graham</keyword>, inspired by Airbnb CEO Brian Chesky’s talk at an event, penned a blog post about Founder Mode and it got the entire startup world talking. According to Graham, when Chesky scaled Airbnb, he initially followed the widely accepted strategy: hiring skilled professionals and giving them autonomy. However, this approach felt like running a marathon in flip-flops, it simply didn’t yield the desired results. So, he decided to go full-blown "Founder Mode," which is basically being the CEO, the janitor, and the motivational speaker all at once. <div type="image" title="Paul Graham’s blog post went viral" msid="113456577" hostid="261"></div> Graham’s post points out that this experience is not unique to Chesky — many other founders have faced similar challenges and come to similar conclusions. The result is a growing recognition of ‘Founder Mode’. <h2><keyword id="23219794" type="General" weightage="20" keywordseo="what-is-founder-mode" source="Orion">What is Founder Mode</keyword>?</h2>Founder mode is a mindset that allows entrepreneurs to remain deeply involved in their companies’ day-to-day operations, even as they scale. As we have seen in many Hollywood movies and real-world examples like Jobs, Musks, Zuckerbergs, and Murthys, founders operate (a bit too) differently from trained executives and managers. They're like the kids who built their own fort and refuse to let anyone else touch it. On a serious note, anecdotal evidence does support that founders focus on the vision, processes, and details of the business in ways that managers typically do not. Graham's post suggests that it’s a different way of running a company — one that involves a hands-on approach to leadership, where founders engage with more than just their direct reports. <div type="image" title="Founders are different from managers" msid="113456522" hostid="261"></div> Unlike traditional corporate structures, where the top management is expected to delegate and step back, Founder Mode requires more personal involvement. Basically, when the CEO of a company is in Founder Mode, where founders bypass layers of management to interact directly with lower-level employees, they can just walk over to a junior employee and ask “What’s up?”, something that <keyword id="19903807" type="General" weightage="20" keywordseo="Elon-Musk" source="keywords">Elon Musk</keyword> reportedly has been doing for a while. One of the core aspects of Founder Mode, according to Graham, is that founders can make decisions with a level of intuition and insight that professional managers often lack. This is largely because they’ve built the company from the ground up and have an intimate understanding of its operations, culture, and customers. In contrast, professional managers are typically brought in to optimise and scale systems that are already in place, which might often lead to decisions that feel disconnected from the original vision of the company. <h2>Steve Jobs and Apple: The classic example of Founder Mode</h2> <div type="image" title="Many experts agree that Steve Jobs is a peak example of Founder Mode" msid="113456730" hostid="261"></div> A key example that Graham used is Steve Jobs, who famously ran Apple with an almost obsessive focus on product and design. Jobs didn’t simply delegate these responsibilities to his team; he was known for being involved in the minutiae, often directly challenging decisions and leading initiatives that others might consider too detailed for a CEO. Graham drew a parallel between this approach and what Chesky realised at Airbnb — that stepping back too much can actually harm the company. Founders, Graham wrote, are often “gaslit” into believing that they should adopt a more hands-off style, only to see their businesses suffer as a result. However, many experts also believe that Founder Mode is often disastrous for companies, except for rare examples, and a balance between founder and manager modes is necessary. <h2>Founder Mode VS Manager Mode: Experts weigh in on the debate</h2> <div type="image" title="Debates around Founder Mode have been rampant across social media since the beginning of this month" msid="113456800" hostid="261"></div> Debates around Founder Mode have been rampant across social media since the beginning of this month when Graham’s blog post came out. The philosophical divide between Founder Mode and Manager Mode often compels people to choose sides, while industry veterans and experts say that it’s important to understand both approaches and companies must try to achieve a balance between them. Sonica Aron, Founder of HR advisory firm Marching Sheep, recognises the importance of managers and says that it is important to have good people in the team and empower them. Talking to Business Insider India, she says, “As a founder, I find myself to be very purpose driven and passionate about my firm. As a result, sometimes decisions tend to get driven by the heart rather than the mind. Therefore it is essential to have bright and committed people in your team, empower them, involve them in decision making. Also, as the founder, I am responsible not just for the health of my business but overall well being of my team. If they do well, we all do well.” On the other hand, Mr. Srinivasa Addepalli, founder and CEO of GlobalGyan Leadership Academy, feels that the debate of Founder Mode vs Manager mode shouldn’t exist in the first place. He told Business Insider India that according to him, “all good leaders, whether startup founders or corporate executives, must be capable of both modes and switch between them depending on the context.” He added, “The Founder Mode leader tackles problems with passion and ownership, without concern for hierarchy, precedents, or due process. However, founders must remain humble about their fragility. To ensure sustainability, the Manager Mode—focused on developing others, building structures, and codifying knowledge—becomes essential, even as it requires them to relinquish some control and accept inefficiency. For instance, Steve Jobs’ decision to set up Apple University was a classic Manager Mode action by one of the best-known founders.” Ayush Singh, Founder of MaplePods, a smart-technology business, says, “Founder Mode may inspire new entrepreneurs, but seasoned founders know building something meaningful and scalable requires more than motivation—it's about solving problems, staying resilient, and seeking real support along the journey.” <h2>The downsides of Founder Mode</h2>While there are many people who believe that entering Founder Mode is healthy, some experts argue otherwise. They say that since founders are deeply connected to their vision, staying too hands-on can lead to micromanagement and hinder the growth of a leadership team. This creates a culture of dependency and can cause chaos when a founder steps into too many areas, leading to inefficiency and fear among employees. Mr. Ankit Aggarwal, founder and CEO of Unstop, told Business Insider India, “While Founder Mode can foster an entrepreneurial culture and drive rapid growth, it comes with significant challenges related to scalability, accountability, and founder burnout. As companies scale, Founder Mode can lead to bottlenecks, as founders may find it difficult to delegate. This limits the development of a strong leadership team and may stifle creativity from other employees.” Further, he adds that intense involvement can lead to founder burnout, negatively affecting both the individual and the company. “In the long run, while Founder Mode may work for early-stage <keyword id="6362513" type="General" weightage="20" keywordseo="startups" source="Orion">startups</keyword>, founders must recognise when to step back and 'devolve'. Devolving to allow the company to grow through more traditional structures, without succumbing to excess hierarchy. Balancing innovation with scalability is key to long-term success, allowing founders to focus on strategy while empowering their teams.” Meanwhile, Aleksandr Yampolskiy, cofounder and CEO of SecurityScorecard, said in a LinkedIn article that the Founder Mode has both pros and cons. He highlighted the value of founder mode in providing visionary leadership and empowering CEOs to challenge their teams and boards when necessary. However, Yampolskiy also wrote that overstepping and micromanaging can create chaos and a culture of fear. He said that founders must learn to evolve with the company’s growth, delegating and making themselves dispensable over time. <h2> Why are people talking about Founder Mode now?</h2> <div type="image" title="Why are people talking about Founder Mode?" msid="113456851" hostid="261"></div> So, why did Graham’s blog post go viral and why are people talking about Founder mode? Discussions around Founder Mode vs Manager Mode might have been around for a long time, but Graham’s post helped a great deal in popularising the confusion that millions of founders go through. Risa Mish, a management professor at Cornell University’s Johnson College of Business, told Observer that it is “no surprise that Graham’s message has resonated with founders for whom the conventional wisdom hasn’t worked.” “It comes down to something very basic, which is that one size never fits all.” Do you have insights or personal experience to share on start-ups or latest corporate buzzwords? Contact us at businessinsider@timesinternet.in.

SIMPLY PUT: Founder Mode — the secret sauce to startup success or fancy term for hustle and micromanagement?

Get ready, cinephiles! <keyword id="21272693" type="General" weightage="20" keywordseo="Payal-Kapadia" source="keywords">Payal Kapadia</keyword>'s groundbreaking film "<keyword id="21282411" type="General" weightage="100" keywordseo="All-We-Imagine-As-Light" source="keywords">All We Imagine As Light</keyword>," which made history as the first Indian film to win the Grand Prix award at the <keyword id="20668911" type="General" weightage="20" keywordseo="cannes" source="keywords">Cannes</keyword> <keyword id="20055573" type="General" weightage="20" keywordseo="film-festival" source="keywords">Film Festival</keyword>, is hitting theaters across India on November 22. This momentous announcement was made by the filmmaker during a press conference, bringing the excitement of international cinema right to Indian audiences. “This film has been years in the making, and with our partnership with <keyword id="23405698" type="General" weightage="20" keywordseo="Spirit-Media" source="keywords" meta.keywordsubtype="org" meta.entityname="Spirit Media" meta.hostid="261" meta.entityid="Spirit Media">Spirit Media</keyword>, I am incredibly excited for the next phase,” she expressed. “For the first time, a film of mine will be released in theaters, and Indian audiences will finally be able to buy tickets and experience it on a big screen, where cinema truly comes to life.” "All We Imagine As Light" first graced select theaters in Kerala in September before its successful run in France and Italy. Next up, the film is set to delight audiences in the UK and the US next month. The story revolves around Prabha, a nurse whose life is turned upside down by an unexpected gift from her long-estranged husband. Meanwhile, her younger roommate Anu is on a quest for privacy in the bustling city as she navigates her relationship with her boyfriend. The plot thickens when the two friends embark on a road trip to a beach town, where a mystical forest becomes a backdrop for their dreams to manifest. The film features an impressive cast, including Kani Kusruti, Divya Prabha, and Chhaya Kadam. It is an official <keyword id="23405702" type="General" weightage="20" keywordseo="Indo-French-co-production" source="keywords">Indo-French co-production</keyword>, brought to life by French company Petit Chaos and Indian production houses Chalk &amp; Cheese and Another Birth. Rana Daggubati, co-founder of Spirit Media, expressed his enthusiasm for the film, stating, “At Spirit Media, we are committed to bringing unique and meaningful stories to audiences across the country. Payal has made a beautiful film, and we can't wait to share it with Indian audiences.” “All We Imagine As Light” will be available in major cities like Mumbai, Delhi, Chennai, Bengaluru, Hyderabad, Pune, Kochi, Thiruvananthapuram, and Kolkata. So, mark your calendars for November 22, grab your friends, and get ready to witness the magic of this Cannes-winning film on the big screen. With its compelling narrative and stunning visuals, "All We Imagine As Light" promises to be an unforgettable cinematic experience that invites audiences to dream, reflect, and immerse themselves in the world Kapadia has crafted. Don’t miss out! (With inputs from agencies)

Cannes winner Payal Kapadia’s 'All We Imagine As Light' set for theatrical release on November 22 in all major Indian cities

<ul class="summary-list"><li>Reddit went public Thursday after raising $748 million in its initial IPO.</li><li>IPOs are normally a day of celebration for companies.</li></ul>IPOs are typically a day reserved for celebration. But it's not all sunshine and roses for Reddit, whose co-founder and early investors are bickering on social media.Alexis Ohanian, who co-founded Reddit in 2005 alongside Steve Huffman, <a target="_blank" href="https://twitter.com/alexisohanian/status/1770883124915834922?s=20">took to X</a>, formerly known on Twitter, on Thursday afternoon to call out Initialized Capital — the VC firm that he co-founded with Y Combinator's Garry Tan — for not congratulating him by name in the firm's post about the <a target="_blank" href="https://www.businessinsider.com/who-got-rich-reddit-ipo-2024-3">company's IPO.</a>"Great to see our portfolio company @reddit debut on the NYSE! congrats to Steve Huffman, and the team," Initialized Capital posted on X Thursday afternoon.In response, Ohanian quoted the posts and tagged the accounts for Tan and Initialized managing partners Brett Gibson and Jen Wolf.Wow, this is petty, @GarryTan, @brettdg, @jenhwolf — even for y'all," he wrote.<div type="image" title="Screenshot of a twitter post made by Alexis Ohanian calling out Initialized Capital for not congratulating him by name for Reddit's IPO." height="693" width="590" msid="108688910" hostid="261" sizebytes="59888"></div>Ohanian and Tan created <a target="_blank" href="https://www.businessinsider.com/initialized-capital-promotes-jen-wolf-president-2021-5">Initialized</a> back in 2011 to focus on seed investing, and the firm has written early checks for startups including Instacart, Rippling, and Coinbase. It also invested in Reddit's 2012 Series A funding round.He left Initialized in 2020 to launch the VC firm 776, which has primarily invested in early-stage crypto startups. The move came just weeks after Ohanian, who stepped away from Reddit's day-to-day operations in 2018, <a target="_blank" rel="" href="https://www.businessinsider.com/reddit-board-of-directors-michael-seibel-replaces-alexis-ohanian-2020-6">resigned</a> as a board member in the wake of George Floyd's murder and implored the company to <a target="_blank" href="https://www.businessinsider.com/reddit-board-of-directors-michael-seibel-replaces-alexis-ohanian-2020-6">replace him</a> with a Black person.Michael Seibel, a colleague of Tan's at Y Combinator, took over his seat, becoming the first Black board member in Reddit's history.Reddit first sparked rumors it planned to go public in early 2022, when it confidentially filed for an initial IPO and stated plans to potentially go public by <a target="_blank" href="https://www.bloomberg.com/news/articles/2022-01-07/reddit-is-said-to-tap-morgan-stanley-goldman-sachs-for-ipo">March of that year</a>. The market, however, has been shaky during the past two years, making it less desirable to go public and causing several companies to put off pursuing an IPO.<a target="_blank" href="https://www.businessinsider.com/instacart-ipo-billions-sequoia-2023-9#sequoia-capital-venture-investors-in-instacart-16-billion-1">Instacart broke open the IPO market</a> in late 2023, but its <a target="_blank" href="https://www.businessinsider.com/understanding-instacarts-ipo-flop-grocery-business-hard-2023-9#:~:text=This%20is%20one%20of%20the,or%20more%20are%20pretty%20solid.">public offering flopped</a> and likely had a cooling effect on other late-stage startups weighing whether they should go public.Reddit's first day on the New York Stock Exchange, however, has been a success: the company set its initial share price at $34 Wednesday night and opened Thursday morning at $47 apiece.On Tan's personal X profile, he did tag both Ohanian and Huffman in a post congratulating Reddit on its stock market debut."Big congrats @alexisohanian @redditspez on building something people want," Tan wrote, sharing a link to Reddit's profile on Y Combinator — the startup was a member of the accelerator's inaugural class — and an old photo of the two.<div type="image" title="Screenshot of Garry Tan tweet about Reddit IPO" height="541" width="588" msid="108688917" hostid="261" sizebytes="19254"></div>Ohanian responded to Tan's post, linking the post from Initialized Capital."Thanks Garry!" he wrote. "any idea what happened here?"Ohanian, Tan, and representatives for Initialized Capital did not immediately respond to requests for comment.

Reddit's co-founder is bickering with investors on the company's big IPO day

<ul class="summary-list"><li>OceanGate's Titan imploded nearly a year ago, killing all 5 passengers including the company's CEO.</li><li>The company's co-founder, Guillermo Söhnlein, told BI he thinks about the incident daily.</li></ul>OceanGate's co-founder said he thinks about the fatal Titan submersible voyage every day, and the incident pushes him to continue pursuing his vision of accessible deep-sea exploration.Nearly one year ago, on June 18, 2023, the Titan made its final plunge in the Atlantic, where five passengers — including <a target="_blank" href="https://www.businessinsider.com/who-is-stockton-rush-lost-ceo-titan-submarine-oceangate-titanic-2023-6">OceanGate's CEO Stockton Rush</a> — ventured to the site of the Titanic wreckage.US Coast Guard officials said the vessel experienced a "<a target="_blank" href="https://www.businessinsider.com/passengers-titan-submersible-dead-oceangate-titanic-2023-6">catastrophic implosion</a>," instantly killing all passengers.The incident captured national attention and was widely viewed as the <a target="_blank" href="https://www.businessinsider.com/oceangate-ceo-stockton-rush-wanted-elon-musk-doomed-titanic-sub-2023-7">manifestation of Rush's hubris</a> and relentless push to explore the deep sea — even if that meant <a target="_blank" href="https://www.businessinsider.com/oceangate-ceo-stockton-rush-broken-some-rules-titanic-sub-remembered-2023-6">bending a few rules</a>."Few of us ever have a fatal flaw, and Rush did," Arnie Weissmann, the editor-in-chief of Travel Weekly, told Business Insider last year. "He thought he was right or he wouldn't have gotten in [the submersible] and piloted it, but that was a fatal flaw."But for Guillermo Söhnlein, who co-founded OceanGate with Rush in 2009, death is an unfortunate element of innovation that explorers can only hope to avoid."We always know that setbacks are almost just part of the exploration experience. It's almost in the definition of exploration," he told BI in a recent interview. "You're gonna have setbacks, and you hope that the setbacks don't include fatalities, but you know that's a possibility."And when death does become a "setback," Söhnlein said, that's when you should push harder."I think in a paradoxical kind of way, that drive to keep going is amplified," he said. "And I think in large part, it's because you want to make sure that your colleagues, who lost their lives, didn't lose their lives in vain. You want their death to mean something, and you want their legacies to live on."This sentiment is part of why Söhnlein hasn't stopped thinking about OceanGate and Rush in the year since the Titan catastrophe."If anything I probably think about him and the company and everything 10 times more than I did before the incident," he said.<h2 id="bd9c618a-e67d-4632-a9e4-ad7440442801">Advances in human transportation systems</h2>During the interview, Söhnlein did not mention regrets in those thoughts but rather a desire to achieve OceanGate's early vision to "open the oceans up to humanity."He told BI that he sees an issue with how the only people who seem to be able to plunge into the ocean's depths are <a target="_blank" href="https://www.businessinsider.com/larry-connor-billionaire-titanic-wreck-submersible-oceangate-2024-6">billionaires with resources to build a submersible</a> or researchers and government agencies that have access to deep-sea vessels."When Stockton and I sat down and looked at the state of the world in 2009, we thought, 'That is a tragedy,'" he said. "The most important ecosystem in the entire planet is one that we can only access if we are a national government or a billionaire. And that's ridiculous."The Titan implosion continues to be investigated today. A recent Wired report revealed more insights into Rush's push to build a low-cost submersible and how he <a target="_blank" href="https://www.businessinsider.com/oceangate-titan-submersible-survivor-karl-stanley-titantic-exploration-2024-6">ignored warnings from his colleagues</a>.People within and outside OceanGate <a target="_blank" href="https://www.businessinsider.com/submersible-expert-oceangate-ceo-hull-defect-will-only-get-worse-2023-6">urged Rush to conduct more tests on the Titan</a> before taking on passengers. Last year, BI reported that OceanGate had completed over <a target="_blank" href="https://www.businessinsider.com/titan-sub-reached-titanic-depth-dive-stockton-rush-2023-7">14 expeditions and 200 dives</a> using two submersibles.Söhnlein said he read the Wired report but didn't want to comment because he felt he would be speculating on its contents.He also told BI that he doesn't consider how many tests are suitable for a deep-sea submersible "because it is different for every sub, depending on the level of innovation."When asked if he would have said anything differently to Rush before the implosion, Söhnlein again told BI that he would be speculating."I don't know. I'd be speculating since I wasn't at the company and I only spoke to Stockton occasionally," he said. "I didn't have access to all the information. I wasn't there day to day. I didn't see the sub being built."A communications firm representing OceanGate wrote in a brief email to BI that "OceanGate has suspended all exploration and commercial operations."Last year, Söhnlein told BI of his grand vision to send <a target="_blank" href="https://www.businessinsider.com/oceangate-cofounder-send-humans-live-venus-atmosphere-2050-titan-sohnlein-2023-7">1,000 people to a floating colony on Venus</a>. He also founded Blue Marble Exploration, which he described as an "exploration-focused media company," after he left OceanGate.In his recent interview with BI, he said that one takeaway from the Titan implosion, which he would apply to his ongoing exploration ventures, goes beyond submersibles and is relevant to the current advancements in the "human transportation system," from <a target="_blank" href="https://www.businessinsider.com/waymo-self-driving-robotaxi-cars-without-drivers-amazing-tech-review-2024-4">self-driving cars</a> to <a target="_blank" href="https://www.businessinsider.com/luxury-space-tourism-test-capsule-balloon-2024-2">suborbital flight</a>."At some point in the technology development cycle, you have to put humans in the loop," Söhnlein said. "But if you're going to start putting humans in that transportation system, you've got to have the right level of comfort with the viability of the technology to do it as safely as possible. And I think that's just kind of a lesson learned for everybody."

OceanGate co-founder thinks about the Titan implosion daily but still wants to make deep-sea exploration accessible

<ul class="summary-list"><li>Airbnb CEO Brian Chesky said women tell him they can't adopt "founder mode" like men.</li><li>Chesky embraces founder mode, a strategy explained in a Paul Graham essay published Sunday.</li></ul>The tech world is abuzz with talk of "<a target="_blank" class="" href="https://www.businessinsider.com/why-everyone-in-tech-talking-founder-mode-paul-graham-chesky-2024-9#:~:text=Paul%20Graham's%20essay%20on%20%22founder,involved%20as%20their%20startups%20scale">founder mode</a>" this week, but not everyone in Silicon Valley feels like they can embrace the management strategy.<a target="_blank" class="" href="https://www.businessinsider.com/airbnb-ceo-brian-chesky-30-billion-startup-2016-8">Brian Chesky</a>, the CEO of <a target="_blank" class="" href="https://www.businessinsider.com/airbnb-vs-hotel-some-travelers-choose-hotels-for-price-quality-2024-8">Airbnb</a>, gave a recent talk that inspired Paul Graham, a founding partner of the startup accelerator Y Combinator, to publish an essay Sunday on <a target="_blank" class="" href="https://paulgraham.com/foundermode.html">founder mode</a>, which he described as a way to run a company that involves being more hands-on rather than delegating to a small number of direct reports.<a target="_blank" class="" href="https://www.businessinsider.com/airbnb-ceo-lessons-former-direct-report-2024-9">Chesky</a> chimed in after countless takes on social media about the concept."Women founders have been reaching out to me over the past 24 hours about how they don't have permission to run their companies in Founder Mode the same way men can," he said in a <a target="_blank" class="" href="https://x.com/bchesky/status/1831141597318185159">post</a> on X. "This needs to change."When someone asked what he meant by "permission," Chesky shared a screenshot of a 2020 headline from Business Insider that said, "The fall of the girlboss is actually a good thing." (The article is about a slew of <a target="_blank" class="" href="https://www.businessinsider.com/rise-and-fall-girl-boss-analysis-2020-7#:~:text=The%20girlboss%20downfall%20is%20not,regardless%20of%20age%20or%20gender.">female founders who stepped down</a> amid allegations of a toxic work culture.)Chesky also retweeted female founders who said women who practiced founder mode had been canceled for it.In his essay on founder mode, Graham described it as the alternative strategy to the "manager mode," which he said was how most companies were run. He said the idea behind manager mode was "hire good people and give them room to do their jobs," but in practice it often meant "hire professional fakers and let them drive the company into the ground."Chesky, who co-founded <a target="_blank" class="" href="https://www.businessinsider.com/hosts-contributed-to-airbnb-downfall-experts-fees-high-costs-say-2024-8">Airbnb</a> in 2008, said in another X post he was inspired to adopt founder mode by Jony Ive and Hiroki Asai, both formerly of Apple. He also said founders who embody many founder mode principles include Steve Jobs, Walt Disney, and Elon Musk.

Airbnb CEO Brian Chesky says women founders say they can't go 'founder mode' like men and that it needs to change

<ul class="summary-list"><li>Paul Graham's essay on "founder mode" versus "manager mode" sparked conversation, memes, and merch.</li><li>Graham's essay, inspired by Airbnb CEO Brian Chesky, critiques traditional startup advice.</li></ul>As the internet puts <a target="_blank" class="" href="https://www.businessinsider.com/brat-summer-politicians-charli-xcx-kamala-harris-social-media-2024-7">brat summer</a> to bed, founder mode is taking center stage.On Sunday, <a target="_blank" class="" href="https://www.businessinsider.com/paul-graham-comments-on-startup-job-vs-big-company-2024-5">Paul Graham</a>, a writer and the <a target="_blank" class="" href="https://www.businessinsider.com/why-openai-ceo-sam-altman-left-y-combinator-paul-graham-2024-5">founding partner of startup accelerator Y Combinator,</a> penned a <a target="_blank" class="" href="https://paulgraham.com/foundermode.html">1,050-word essay</a> that has taken tech and business communities by storm.He asked: Why are <a target="_blank" href="https://www.businessinsider.com/life-of-startup-founder-no-vc-funding-money-2023-10">startup founders</a> directed to run their large companies like managers, delegating to their direct reports, rather than getting involved like they did in earlier stages of their companies?Graham said operating in "manager mode" over "founder mode" is anathema to companies."What this often means is to hire professional fakers and let them drive the company into the ground," he wrote.A prime example of a tech titan embracing founder mode is Nvidia cofounder and CEO Jensen Huang, who has <a target="_blank" class="" href="https://www.businessinsider.com/jensen-huang-nvidia-routine-management-leadership-style-ceo-founder-2024-4">60 direct reports and still eats in the company cafeteria</a>.Graham credited <a target="_blank" class="" href="https://www.businessinsider.com/airbnb-ceo-brian-chesky-30-billion-startup-2016-8">Airbnb cofounder and CEO Brian Chesky</a> for sparking the idea and most of the arguments in the blog. At a recent Y Combinator event, Chesky spoke about how conventional advice on building and scaling up a startup is broken. He said, <a target="_blank" class="" href="https://www.youtube.com/watch?v=ia6Di_ytiSE">as he has before</a>, that investors and outside managers just don't have the insights that founders do. He said that splitting companies into organizational chart tiers — isolating founders from anyone but their direct reports — often kills the business.While belittling manager mode might shock management consultants, Graham's post tracks with Silicon Valley's modus operandi. Tech culture has always venerated founders and lean teams. Venture capitalists try to outdo each other in funding rounds to appear the most "founder friendly" — investors who won't meddle much. Would-be founders dream of the day when they can peel away from drab Big Tech and start their own Next Big Thing, unconstrained by bureaucracy.And it's a long weekend with little else going on online. The internet craves buzzy nomenclature, dividing people into camps, and the chance to rake in the likes with a viral follow-on post.<h2 id="52a112a2-97fc-43f8-887f-623aa635a38c">'Gaslit' founders</h2>Chesky's talk hit another nerve with the founders in the room and then with Graham's online readers. The Airbnb exec said founders are constantly being "gaslit" — first by outside voices asking them to run the company like managers, and then by employees who don't like the manager's way.Chesky is the only remaining Airbnb cofounder at the company, and while much of his leadership has been praised — he led a major round of <a target="_blank" class="" href="https://www.businessinsider.com/airbnb-ceo-brian-chesky-layoffs-show-respect-compassion-for-employees-2020-5">pandemic-era layoffs</a> with empathy and has tried to refocus the hospitality giant — the stock has fallen over 15% since its 2020 initial public offering.There are also notable exceptions to positive founder mode: <a target="_blank" class="" href="https://www.businessinsider.com/ftx-crypto-king-sam-bankman-fried-rise-and-fall-2022-11">Sam Bankman-Fried</a> and <a target="_blank" class="" href="https://www.businessinsider.com/theranos-founder-ceo-elizabeth-holmes-life-story-bio-2018-4">Elizabeth Holmes</a> were both founders who operated with autonomy, then ignominy.On the other hand, Satya Nadella and Tim Cook are both outside managers touted with turning their companies around — in both cases, building on the legacies of strong founders.<h2 id="bcbb31a0-fabb-4163-bccb-7816fb0929dd">Thinkfluencers' time to shine</h2>Graham's essay brought Chesky's speech outside the <a target="_blank" class="" href="https://www.businessinsider.com/inside-y-combinator-new-headquarters-office-san-francisco-dogpatch-photos-2024-4">YC room</a> and into the rest of the world, where it exploded online. Now, investors, wannabe thinkfluencers, comedians, and founders are all weighing in.One basketball star-turned-investor, Baron Davis, likened being a founder to being an athlete.Another investor was quick to come up with one of the tastiest examples of founder mode: Costco's <a target="_blank" class="" href="https://www.businessinsider.com/costcos-hot-dog-combo-price-safe-cfo-2024-6">deal of the century</a>, which has withstood inflation thanks to one cofounder's clear instructions to his CEO: "If you raise [the price of] the effing hot dog, I will kill you."A tech newsletter writer pre-empted what <a target="_blank" class="" href="https://www.businessinsider.com/tech-bros-treat-dating-like-a-startup-2024-8">dating a tech bro would look like</a> this week.Some users rang warning bells about what's next for Tech Discourse, now that founder mode is officially a hit.Custom domains have been purchased.And of course, unofficial merch has already dropped.

Why everyone in tech is talking about 'founder mode'

New Delhi, Aug 8 (IANS) Online furniture store <keyword id="18320859" type="General" weightage="20" keywordseo="pepperfry-co-founder" source="Orion">Pepperfry co-founder</keyword> and CEO <keyword id="2567697" type="General" weightage="20" keywordseo="ambareesh-murthy" source="Orion">Ambareesh Murthy</keyword> has passed away at the age of 51 due to cardiac arrest in Leh, fellow co-founder Ashish Shah announced in a tweet on Tuesday. "Extremely devastated to inform that my friend, mentor, brother, soulmate @AmbareeshMurty is no more. Lost him yesterday night to a cardiac arrest at Leh. Please pray for him and for strength to his family and near ones," he wrote. Tributes poured in on Twitter (now X) after hearing that Murty is no more. "Very sad my second boss and what a mentor he was ... I messaged him two days back and he was okay. Got him added to PruICICI group where a reunion is getting planned," a user wrote. "So sad &amp; shocking to hear of Ambareesh Murty's sudden demise due to cardiac arrest. May his soul rest in peace. An amazing entrepreneur &amp; inspiration to many... may his legacy with Pepperfry live on. RIP," another user said. Murty's business career began in June 1996, when he joined Cadbury as a Sales and Marketing professional. He worked for the renowned chocolate manufacturer for five and a half years. He ventured into the financial sector, gracing Prudential ICICI AMC (now ICICI Prudential) with his expertise. His tenure as Vice President of Marketing and Customer Service lasted nearly two years. A five-month stint at Levi's followed, and it was during this time that the seeds of entrepreneurship were sown, as he launched his own company, Origin Resources. This portal was designed to assist Indian mutual fund companies. He sold the company in 2005 and went to work for Britannia as a marketing manager. Murty joined eBay India seven months later as the country manager for the Philippines, Malaysia, and India. Six years later, Murty co-founded Pepperfry with Ashish Shah in June 2011.

Pepperfry co-founder Ambareesh Murty passes away due to cardiac arrest

<ul class="summary-list"><li>Netflix faced internal pushback over an update to its famous culture memo, co-CEO Ted Sarandos said.</li><li>In a conference appearance, Sarandos defended the move and said the company culture needs to change.</li></ul>Netflix updated its <a target="_blank" class="" href="https://www.businessinsider.com/netflix-culture-deck-top-most-impactful-slides-2019-10">famous culture deck</a> in June after 12 months and 1,500 employee comments.On Tuesday, co-CEO Ted Sarandos said during an interview at The Wall Street Journal's Tech Live conference that he received pushback from the update and defended the move. "We are constantly working on improving the culture," Sarandos said. "And so when anyone says, 'Hey, the culture is changing.' Yes, of course it needs to. We definitely change the culture. We wanted to reflect how we work, not dictate how we work."In the June update, Netflix ditched the freedom and responsibility section of its culture deck and added a new one called "People Over Process," which focuses on hiring "unusually responsible people" who thrive on openness and freedom.It also added a line to its notorious "<a target="_blank" class="" href="https://www.businessinsider.com/netflix-new-culture-memo-keeper-test-changes-2024-6">Keeper's Test</a>," which managers use to determine when it's time to let an employee go by asking themselves if they would fight to keep an employee if they wanted to leave. The new version includes a disclaimer about how everyone is encouraged to speak to their managers regularly about what is going well.Netflix's "Keeper's Test" was introduced to the public in a more than 100-page memo published in 2009. Sarandos said Netflix founder Reed Hastings created the culture memo when the company had under 300 employees and said it was "perfectly suited" for the company's needs at the time. However, Netflix has since grown its staff and become the largest streaming platform in the world."I do think it was one of those things where we didn't take lightly the evolution of the document," Sarandos said. "But it actually reflects much more today our 14,000 employee business culture."Sarandos said the original version probably placed a bit "more emphasis on freedom than responsibility.""And we think you have to have both. So it's ways of re-crafting some of those things," Sarandos said. "But the core values in the new document are all in the old document, right?"The memo, once referred to by former Meta COO Sheryl Sandberg as possibly being <a target="_blank" href="https://www.businessinsider.com/netflixs-management-and-culture-presentation-2013-2">"the most important document ever to come out of the valley</a>," aims to preserve a culture that attracts top talent and an environment of high-performers at the company.The company has previously updated the memo, including a 2022 rewrite that exalted <a target="_blank" class="" href="https://www.businessinsider.com/netflix-overhauled-culture-memo-reveals-streaming-company-future-2022-5">"representation" and "artistic expression"</a> while keeping the document's focus on meritocracy. In the 2022 update, Netflix suggested <a target="_blank" class="" href="https://www.businessinsider.com/netflix-company-culture-guidelines-employees-can-quit-if-they-disagree-2022-5">employees could quit</a> if they didn't want to work on content they disagreed with.Representatives for Netflix did not immediately respond to a request for comment from Business Insider.

Netflix co-CEO Ted Sarandos explains what he says to employees who say the company's culture is changing

At times, we tend to over-glorify the tendency to blur lines between professional and personal life. However, people today are realising the importance of <keyword id="19901232" type="General" weightage="100" keywordseo="work-life-balance" source="keywords">work-life balance</keyword> and there have been ample studies that show how important it is to balance work and professional life for your overall wellbeing. But for some people, the concept of work-life balance doesn't exist and they are ardent followers of the '<keyword id="21227403" type="General" weightage="20" keywordseo="hustle-culture" source="keywords">hustle culture</keyword>'. A recent <keyword id="20313396" type="General" weightage="20" keywordseo="LinkedIn-post" source="keywords">LinkedIn post</keyword> featuring <keyword id="23468345" type="General" weightage="20" keywordseo="Casey-Mackrell" source="keywords">Casey Mackrell</keyword>, co-founder of the <keyword id="20129288" type="General" weightage="20" keywordseo="AI-startup" source="keywords">AI startup</keyword> Thoughtly, has once again sparked the debate about work-life balance after it showed him working on his laptop during his own wedding. The post, shared by his fellow co-founder Torrey Leonard, aimed to highlight Mackrell’s dedication to his work. Leonard explained that the company had just landed a new client with a two-week deadline for a project, coinciding with Mackrell’s wedding day. “So, here he is wrapping up a pull request. At his own wedding. Congrats Casey—now please, go take some time off,” Leonard wrote, seemingly applauding Mackrell’s commitment. However, the reaction from internet users has been far from celebratory. Many found the scenario both shocking and concerning, suggesting it reflects a troubling trend in modern work culture. One commenter quipped, “Divorce papers being sent to his LinkedIn inbox so he actually sees them,” while another remarked, “If this isn’t satire, this work ethic should neither be publicised nor applauded. It doesn’t say much about the company either if he was the only person that could deal with this that day.” People were quick to label the situation as a glaring example of poor work-life balance. “This is actually sad and not a flex to be applauded,” one user noted and added, “To me, it shows very poor work-life balance and wrong priorities.” Another user commented on the post, “Utterly bizarre to post this. This is nothing to brag about. This guy is at his wedding working on his laptop, and you’re congratulating him?” The mixed reactions have sparked discussions on social media about the pressures many professionals face in high-stakes environments. As deadlines loom and expectations rise, some feel compelled to prioritise work over personal moments that matter. As more people share their thoughts, one thing is clear: work should never come at the cost of life’s most significant moments.

‘Wrong priorities, nothing to brag about’: Internet reacts to LinkedIn post showing startup founder working on a laptop at his wedding

Kathmandu [Nepal], June 27 (ANI): Chinese billionaire <keyword id="424838" type="General" weightage="100" keywordseo="Jack-Ma" source="Orion">Jack Ma</keyword> arrived in Nepal's capital Kathmandu on Tuesday afternoon, confirmed officials. The co-founder of the Chinese online trade platform, Alibaba, landed at Tribhuwan International Airport at around 2 pm (local time) today in his private Boeing 747 Max aircraft. "He landed in Kathmandu today in his private plane. He said that he flew from China to Nepal in the immigration form," Chief of Nepal's Immigration Department Jhalakram Adhikari told over phone. The Chinese billionaire who arrived with a seven-member team is staying at a hotel in Kathmandu. According to Adhikari, the Director General of the Department of Immigration, Jack Ma has been granted 15 days tourist visa and is scheduled to call on Nepal Prime Minister Pushpa Kamal Dahal. No official announcement has been made about the Chinese entrepreneur's arrival in Kathmandu and he hasn't demanded any security during his stay in the country. The reasons for his visit to Nepal also haven't been made public. Earlier this March, the Chinese magnate returned to mainland China after spending roughly a year overseas, according to people familiar with the matter as cited in The Wall Street Journal. Jack Ma, who spent the majority of the previous year in Japan, made a trip back to China, according to the sources quoted by WSJ. He had also visited Singapore and Australia and spent the most recent Lunar New Year in Hong Kong. According to a report in the Voice of America (VOA), after returning to China, Jack Ma visited the Yungu School, a private academy in Hangzhou funded by his Alibaba Group, which includes one of the world's biggest online commerce companies. At the school, he talked about "the future of education with the campus directors" and "the challenges and opportunities" that "new technological change brings to education," according to the school's WeChat account, the VOA report said. Jack Ma has maintained a low profile after Ant Group Co. cancelled initial public offerings in Hong Kong and Shanghai that were expected to raise more than USD 34 billion in November 2020, according to Wall Street Journal. The cancellations took place as authorities were angered over Jack Ma's remarks at a financial forum. Authorities then opened an investigation against Alibaba for allegedly engaging in anticompetitive activities on its e-commerce platform, and the company was ultimately slammed with a record-breaking USD 2.8 billion fine, the WSJ reported. Soon after, China began a broad regulatory crackdown on other private companies, increasing regulations on everything from video games and education to real estate. Jack Ma relinquished leadership of Ant Group in January this year after the company's shareholders approved a restructuring of business. The crackdown on the fintech operations of more than a dozen internet companies was "basically" over, according to the party chief at China's central bank, who made the statement on the same day, the WSJ report said. The American daily said that Jack Ma mostly disappeared from public view since giving a speech that criticised regulators on the eve of the cancelled Ant listing in 2020. (ANI)

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