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

AGENDA:
04:35 Anthropic's $2 Trillion IPO Delayed. Cracks in the AI Boom?
10:30 OpenAI Faces $278 Billion Cash Burn. Out of Money by 2028?
12:55 Meta's Muse Hits No. 1. ChatGPT Finally Has a Rival?
17:05 Amazon Blocks AI Shopping Agents. Shopify Welcomes Them.
24:10 ChatGPT Inventor Launches Jev. Vercel's Fastest Launch Ever.
34:15 A $40 Million Seed Round. Is Traditional Seed Investing Dead?
39:00 Menlo Sounds the AI Bubble Alarm. Harry Calls BS.
54:00 Factory Triples Its Valuation to $5 Billion. Coding Is the Mother Lode.
1:00:20 Legora Hits $200 Million ARR. Is $11 Billion Too Rich?
1:03:50 Crusoe's $3.9 Billion Round. Is the Data Centre Trade Overheating?
1:08:55 Keith Rabois vs Airwallex. Fintech's Feud Escalates.
1:16:40 Sydney Sweeney for Airwallex? Lemkin's Wild PR Plan.

Daniel Dines is one of the greatest European founders of the last decade. As the Co-Founder of UiPath, he has scaled the business to a market cap high of $ 44BN in 2021, with the company now generating $1.72BN in revenue, growing 15% year-on-year. The company raised $2BN before its IPO, backed by Sequoia, Accel, CapitalG, Coatue and Kleiner Perkins. 


AGENDA: 
05:00 Why Dario is Wrong About Millions of AI Einsteins?
13:00 Is AI Safety Becoming an Excuse to Kill Open Source?
21:00 Does UiPath Really Need 4,000 Employees?
28:00 Would You Help Train the AI That Could Replace You?
32:00 What Percent of Salary Spend Does Daniel Spend on Inference?
34:00 Can You Really Vibe Code Your Way Out of Paying for Software?
37:00 Why Would Anyone Take Their Company Public Today?
39:00 Could an OpenAI–Anthropic Duopoly Break Nvidia's Business?
45:00 Will AI Models Capture the Value—or Will the Apps?
49:00 Is Fireworks Still Undervalued at $15 Billion?
56:00 Has Europe Already Lost—and Should Founders Leave?
1:03:00 What Could Kill UiPath—and How Is AI Changing the CEO's Job?
1:06:00 60 Supplements a Day: How Far Would You Go to Live Longer?

Thomas Sohmers is the co-founder and chairman of Positron AI, building chips to make running AI dramatically cheaper and more energy-efficient. The company recently announced an $875 million Series C at a $5 billion valuation, backed by investors including Gavin Baker's Atreides Management, NEA, Valor Equity Partners and Netscape co-founder Jim Clark.
AGENDA:
04:30 Why Does AI Inference Need Different Hardware from Training?
10:25 What Is Nobody Telling You About AI's Token Economics?
13:10 Should We Really Slow Down the AI Frontier?
16:55 What Happens If America Slows Down—and China Doesn't?
19:30 Should We Restrict China's Access to AI Chips?
20:15 Why Aren't Zuckerberg and Jensen Backing an AI Slowdown?
21:25 Are We Being Misled About Data Centers?
23:25 Can the West Beat China While Drowning in Regulation?
26:20 How Many Planned Data Centers Will Actually Get Built?
27:15 Data Centers in Space: Real Opportunity or Elon Hype?
28:10 Is Energy AI's Biggest Bottleneck?
29:55 Could the Debt Boom Derail AI?
31:25 What Is KV Caching—and Why Does It Change AI Economics?
35:25 Does Compressing AI's Memory Make It Less Intelligent?
41:05 How Do We Solve AI's Exploding Memory Demands?
43:45 Will Every Company Own Its Own AI Model?
47:10 Why Bet on Ever-Bigger Models?
48:20 If We Already Have AGI, What Comes Next?
53:25 What Happens When Every AI Lab Builds Its Own Chips?
57:30 If DeepSeek Can Slash Costs with Software, Why Build New Hardware?
59:50 How Cheap Will AI Tokens Be by 2028?
1:03:15 What Would Be the First Warning Sign of an AI Bust?
1:03:55 Could Open Models Break OpenAI and Anthropic's Growth?
1:05:55 Could Mercor and Surge Become $200 Billion Companies?

AGENDA:
03:40 Dario Calls to "Pace the Frontier"
11:30 Why the Fed Will Raid Anthropic if Needed 
21:50 Meta Launches Muse to Take On Instinct
28:30 Instinct Raising $1BN at $10BN—Would You Invest?
39:55 Miro Sells for $1.35BN After a $17.5BN Valuation
47:45 Could Sam Bankman-Fried Win His Freedom?
51:25 WordPress Power Struggle: Matt Mullenweg Ousted, Then Returns
1:01:20 Mistral Raises €3BN in Europe's Biggest-Ever Tech Round
1:05:00 Adobe's New CEO & Canva's Slowing Growth: SaaS Giants Under Pressure

David Morehead is one of the most respected CIOs in the endowment fund world as Chief Investment Officer at Baylor University, overseeing its $2.6BN endowment. Before joining Baylor in 2011, he was a senior portfolio manager at several Chicago hedge funds, investing across corporate securities, distressed debt and public and private energy.
AGENDA:
04:00 The Portfolio Construction of a $2.6 Billion University Endowment?
09:00 Why We Spend More Time on Porfolio Construction Than Manager Selection?
14:00 Should LPs Back VC's Biggest Names or Find the Next Breakout Manager?
21:00 How Baylor Made Millions in the SaaSpocalypse?
26:00 Are Public Markets a Casino or Are Private Valuations the Real Fiction?
34:00 How Do You Buy a Market Crash Without Catching a Falling Knife?
49:00 Would You Fire a Fund Manager Who's Making You Money?
57:00 Could the Backlash Against Data Centres Derail the AI Boom?
01:02:00 Which Asset Class Is Overhyped—and Where Is the Next Big Opportunity?