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Rory Driscoll

๐Ÿ‘ค Speaker
613 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

I give anyone credit who's making progress and clearing the logjam and doing what it takes.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

Yeah, I think, is there going to be a lot more of this?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

I'm reminded there's 700, 800 unicorns valued at more than a billion.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

And SVB did that analysis.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

I think something like 30% of them have a decent growth profile and scale.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

Call it 200.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

Jason's point, at one a business day, it'll take a year.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

That was 2021.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

At one a week, it'll take four years.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

So yeah, I think this has to start happening.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

And, you know, one of the things that's true, Harry, is price clears all markets.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

In other words, there's a price at which public investors will say, yeah, I'll buy that.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

And maybe it's not 2.1.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

Maybe it's not the price you wanted in 2021.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

But if it's, I mean, you call it being fed to the dogs, which kind of clearly was a buried pejorative statement.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

Maybe it's just figuring out what price it takes to sell the product.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

Which is why when you see people pull off an IPO or pull off a fricking $5 billion exit, the correct response is, yay, well done.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

And then B, God damn, I wish all of my guys could do that.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

That'd be great.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance

It's a great outcome, right?