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The Turpentine Network has been launched as a new social network aimed at top founders, including CEOs from companies such as Databricks and Perplexity. The network comprises over 400 members with a collective valuation exceeding $200 billion. It seeks to provide a platform for meaningful conversations on topics such as building culture and selecting vendors. The initiative, led by Erik Torenberg, aims to be the most valuable social network for startups, offering both professional advice and social interaction.