The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

AGENDA: 
04:20 Billion-Dollar Bets or Nothing: Why VCs Are Rejecting Fast-Growing Startups
13:20 CoreWeave Sell-Off Sparks Fears of Cracks in AI Boom
18:50 Anthropic's IPO Valuation Could Fall From $2 TRN to $1.5 TRN
32:10 Modal Raises $750M at a $15.75B Valuation as Inference Booms
35:50 Town at $1B, Anduril at $90B: Have Startup Valuations Lost Touch?
42:15 Berkshire Hathaway Doubles Down on Bending Spoons
45:05 37signals' Profit Machine Challenges the Venture Capital Model
49:20 General Atlantic Eyes an IPO; Harvard's Endowment Hits $68B
54:15 Elon's Flying Roadster and $10B SpaceX Share Giveaway

Sameer Dholakia is a Partner @ Bessemer, the first that has just raised $5.75BN across a $1.75BN seed fund and $4BN growth fund. Sameer has led investments into the likes of Anthropic, Fireworks and Legora to name a few. Prior to venture, Sameer was the CEO of SendGrid, taking it from $30M in ARR to over $200M. 
AGENDA: 
04:55 Why This Is a Supercycle Like Never Before
07:40 Why We Backed Anthropic to Compete With the Hyperscalers
10:05 Why Anthropic Was One of Bessemer's Most Contentious Deals
11:05 Why Open Models Don't Destroy the Market for Closed Models
16:45 Does Price Matter in AI—and Which Metric Really Determines Value?
19:45 How Much Should Consumer Businesses Be Discounted for Their Revenue Quality?
20:20 Why Today's Gross Margins Matter Less Than You Think
23:00 Competition Hasn't Changed—but the Capital Behind It Has
24:00 Why Capital Is a Moat Today
25:55 Is "Triple, Triple, Double, Double" Dead?
28:00 Can You Still Succeed With a Small Seed Fund?
29:45 Who Wins and Who Loses in the Future of Venture Capital?
32:15 Why Founders Shouldn't Hate Being an "Option Bet"
34:35 Why Signalling Risk Doesn't Worry Me
51:55 Why Companies Will Stay Private Longer—and Why the IPO Window Could Reopen by 2028
56:00 How Should Retail Investors Participate in Venture Capital?
57:25 How Fireworks Could Become a $250 Billion Business
01:02:35 Why Bessemer Is Confident It Can Deliver 5x Returns on $5.75 Billion

Harrison Chase is the co-founder and CEO of LangChain, which helps developers build, test and deploy AI agents.
Backed by Sequoia Capital, Benchmark and IVP, LangChain has announced approximately $160 million in funding with the last round at a $1.25BN valuation. The company works with 35% of the Fortune 500, has surpassed one billion open-source downloads and processes over one billion events daily through LangSmith.
AGENDA:
04:10 Why Is It Still So Hard to Build AI Agents?
08:50 Will the Model Labs Eat the Agent Stack?
16:25 Is Model Routing a Real Business or a Commodity?
25:45 Why Has No One Solved AI Memory?
35:45 Why Are AI Bills Exploding as Tokens Get Cheaper?
43:25 Should Companies Be Afraid of Chinese AI Models?
46:20 Where Would Harrison Not Be Investing Today?
53:05 Should Founders Take a Discount for Benchmark and Sequoia?
57:35 OpenAI at $1.5T or Anthropic at $2T: Which Would You Buy?

AGENDA:
04:00 Valar Atomics Sues Seed Investor Day One Ventures Over Pro Rata
17:00 Meta Returns to the AI Frontier With Muse Wonder
20:00 NVIDIA Eyes $30B Reflection Deal as Amazon Circles Decart
26:00 Jev Raises $870M at a $7.5B Valuation—Weeks After Launch
31:00 42 New Decacorns: The AI Boom Overtakes 2021's Record
36:00 Isomorphic Labs Eyes $50B Valuation in New Funding Talks
46:00 Anthropic Slashes Haiku Prices by 90% as AI Price War Intensifies
52:00 Bending Spoons Slashes Airtable's Team: What Do Founders Owe Employees?
57:00 Bumble to Go Private in $1.3B Deal: Can AI Transform Dating?
01:01:00 The SaaSpocalypse Deepens: Why $500M ARR May No Longer Be Enough
01:06:00 Flock Safety Cuts 270 Jobs Amid Privacy and Security Backlash

Mike Cannon-Brookes is the Co-Founder and CEO of Atlassian, the company behind Jira, Confluence, Trello and Loom.
Atlassian generated $6.5BN in ARR in 2026, and serves more than 350,000 customers, including over 85% of the Fortune 500. Today, Mike is leading its expansion into enterprise AI through Rovo and the Teamwork Graph, connecting company knowledge with AI agents.
AGENDA: 
03:00 Do AI Agents Turn Traditional Software Into Just Databases?
16:00 Will Enterprises Ever Trust Chinese AI Models?
20:00 Is Building Your Own AI Model a Losing Bet?
24:00 Can AI Startups Survive When They Finally Have to Care About Costs?
30:00 What Happens When AI Gets Cheaper Than Anyone Expects?
35:00 Is Company Context the Real Moat in Enterprise AI?
41:00 What Happens When OpenAI and Anthropic Come for Your Customers?
44:00 Why Are Young Founders Cashing Out More Than Ever?
49:00 What Does Nobody Tell You About Getting Rich?