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Jason Lemkin

๐Ÿ‘ค Speaker
3062 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

You know, early on when there was only a few paid links, you remember on the side, it was like, okay, that was marginally additive.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

Now, obviously, they've swamped it and you can barely find out what's going on.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

And all these things tend to that wonderful word and shitification at scale.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

But you're right.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

This could be the period where one or two ads at the bottom of that are additive in terms of information, especially when you auction.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

I mean, the beauty about the auction process for the ad placement is that

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

And because they run this kind of, because Google has run, Facebook runs these very efficient auctions, you actually end up selling the ad to the person who values that real estate the most, which usually is someone who's got something very precise to sell you.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

So to your example, Jason, you're exactly right.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

If you write this long query on some kind of OAuth, at least the ad you're going to see is someone who says it's worth spending 20 bucks to get in front of Jason and say, dude, you should buy my OAuth instead of that one.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

There's net information added here, right?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

Which won't be true when they have 40 of them, but that's 10 years from now.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

You've got to try it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

Agreed.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

And a couple of comments on that.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

There's just a ton in this.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

So first of all, yeah, it's hard not to imagine it's a billion dollars very quickly.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

And Jason's right.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

Remember, it's only 5%.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

They're doing around $20 billion in revenue.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed

It's only 5%.