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Rory Sutherland

๐Ÿ‘ค Speaker
2934 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

The way I think about it, Harry, is this.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

Everyone's been talking about these little agents.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

I'm going to have an agent running at our firm to do outbound emails on a very programmatic basis, looking carefully at a database with a whole bunch of safeguards and agent orchestration.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

And that's been the B2B theme.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

And I just love it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

I think it's one or two individuals, I think in Central Europe somewhere, just build this off and say, no, screw it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

Let's just let all the agents go off, talk to each other in a social network and see what they come up with.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

I'm totally with you.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

It's not sentience or anything like that, but it's so untypical to everyone being, you know, ultra safe and trying to do this really boring circumscribed thing.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

I love the experiment factor of it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

I love that he threw it out there and a million, because it's not just 10,000, I believe it's a million and a half agents got on and they're just talking to each other.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

Right.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

First, by the way, can you acknowledge one thing?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

If you're Claude or OpenAI, this is the best thing ever because we now have agents wandering around spending your token budget on their own.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

This is the best.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

This is probably good for a couple hundred million on Claude's run rate.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

for Q1, they'll probably raise 10x and valuation just went up, right?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

And Jason, most of it is just weird stuff.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

Because remember, if the internet's trained on Reddit and then you ask it to talk to each other, they talk like Reddit.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss | NVIDIA's $100BN Investment Dispute with OpenAI | Waymo Raises $16 Billion at a $110 Billion Valuation

It's like, that's just the thing.