🕶️ He had 5 Jobs. None knew. We’re screaming.

OpenAI Says “Not Real”—Robinhood Investors Say “YOLO”

Author

Lucila Sarquis
July 05, 2025

Presented by

Silicon Valley’s in chaos mode: Startup Polygamy went viral as Soham Parekh juggled secret gigs at multiple startups, while CEOs competed in the Layoff Olympics with grim AI job forecasts. Add co-founder drama, AI-powered kids’ watches, and token-fueled stock spikes—tech's future is messy, loud, and unapologetically weird.

Enjoy!

-🕶️

✦

Six bullets of updates

  1. 🧨 How to oust a difficult co-founder: Explore legal steps, key reasons, and pitfalls to avoid. Don’t skip that separation agreement!

  2. 💰 Trump’s “Big, Beautiful Bill” could save small businesses up to $2K/year with permanent tax breaks.

  3. 📈 Robinhood’s OpenAI tokens drove shares up 13%—but OpenAI says the tokens are unofficial and not real equity.

  4. 🧬 Ilya Sutskever takes the helm at Safe Superintelligence, a $32B AI startup, after Daniel Gross’ sudden exit.

  5. ⌚ Pinwheel debuts a $160 AI-powered smartwatch for kids, targeting a piece of the $100B smart wearable market.

  6. 🛰️ Finland’s Kuva Space is deploying AI and hyperspectral satellites to monitor algae blooms, with 100 satellites planned by 2030.

  7. 📜 The EU is sticking to its AI Act rollout, despite protests from over 100 tech companies.

  8. 🧠 After replacing 700 jobs with AI, Klarna pivots back to humans—a cautionary tale of hasty automation.

  9. 👨‍💻 AI isn't replacing devs—it's changing DevEx. The future? Prioritizing AI experience (AI-X) over traditional roles.

  10. 💬 Meta is testing proactive AI chatbots that message users first, aiming for $2B–$3B in generative AI revenue by 2025.

✦

Startup polygamy: Silicon Valley’s most viral employee

Soham Parekh, a gifted yet controversial software engineer, has gone viral after multiple Silicon Valley founders revealed that he secretly held jobs at several startups simultaneously—often without the companies' knowledge. The drama began when Playground AI’s CEO, Suhail Doshi, publicly outed Parekh on X, prompting a cascade of similar stories from other founders. Despite being repeatedly let go for moonlighting, Parekh was continually rehired thanks to his strong technical skills and polished interviews, even landing roles at Y Combinator-backed startups.

In a recent interview, Parekh admitted to juggling multiple jobs since 2022, claiming it made him a better programmer, though he acknowledged the toll on his health—boasting an alleged 140-hour workweek. He said financial hardship pushed him to take on so many roles, but details remain murky. Despite widespread backlash, Parekh appears to be attempting a comeback, briefly announcing he’s now working solely at a startup called Darwin Studios—though both he and the company quickly deleted the announcement. As with many viral tech scandals, his story may be evolving from exposé to business opportunity.

✦

I did 3 startup accelerators (so you don't have to)

In this video, Caya shares a personal and candid journey through multiple startup accelerators, including DreamIt Ventures, 500 Startups, and Startup Chile, revealing the challenges and benefits of these programs. He recounts living in the office during DreamIt, discusses why they chose to go through so many accelerators, and offers advice on navigating the process without diluting equity unnecessarily. We also break down the differences between top accelerators, highlight key lessons on funding, networking, and mentorship, and give practical tips for founders looking to apply to these programs successfully.

🕶️ Watch More Videos Here 🕶️ 

✦

Inventory Software Made Easy—Now $499 Off

Looking for inventory software that’s actually easy to use?

inFlow helps you manage inventory, orders, and shipping—without the hassle.

It includes built-in barcode scanning to facilitate picking, packing, and stock counts. inFlow also integrates seamlessly with Shopify, Amazon, QuickBooks, UPS, and over 90 other apps you already use

93% of users say inFlow is easy to use—and now you can see for yourself.

Try it free and for a limited time, save $499 with code EASY499 when you upgrade.

Free up hours each week—so you can focus more on growing your business.

✅ Hear from real users in our case studies
 🚀 Compare plans on our pricing page

✦

These companies just raised money

  1. 🚗 Rivian secures $1B from VW as EV sales slow, while Tesla faces its second year of decline.

  2. 🚀 Castelion scores $350M Series B to scale its hypersonic missile business, targeting major defense contracts.

  3. 🌱 Phosphor Capital unveils a $34M YC-focused fund—6% of their picks become unicorns; a quarter hit decacorn status.

  4. ⚛️ Israeli quantum startup Qedma just raised $26M with IBM to enhance quantum error-mitigation software.

✦

Learn how to make AI work for you

AI won’t take your job, but a person using AI might. That’s why 1,000,000+ professionals read The Rundown AI – the free newsletter that keeps you updated on the latest AI news and teaches you how to use it in just 5 minutes a day.

✦

Layoff olympics: CEOs compete for bleakest AI prediction

Photo by Samuel Holt on Unsplash

CEOs across corporate America are increasingly treating AI’s impact on jobs as a high-stakes prediction game, with bold forecasts becoming a form of competitive posturing. Anthropic CEO Dario Amodei recently warned that AI could eliminate half of all entry-level roles within five years, potentially driving U.S. unemployment to 20%. Other leaders, including those at JPMorgan, Amazon, ThredUp, and Ford, have echoed and escalated such warnings—predicting significant white-collar job losses and company-wide workforce reductions. While some tech voices still downplay these concerns, the growing frequency and severity of executive predictions suggest that large-scale restructuring driven by AI may be imminent.

✦

Startup Events and Deadlines

✦

How did we do?

Your feedback fuels us.

Login or Subscribe to participate in polls.