20VC: Andrej Karpathy Joins Anthropic & Anthropic Raises $30BN at $900BN Price | SpaceX Files S1: How Does it Trade | Cerebras Smashes Day 1: What it Means for IPOs | Why Mass Layoffs Are More Worrying Than Anyone Sees
episode
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
1h 21m
4 speakers
8 chapters
transcribed 4 months ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What does Anthropic's $900 billion valuation and Andrej Karpathy's move mean for the AI industry?
As it's becoming painfully clear now, no one in America other than us here in California likes the AI trend. We have people who are brilliant scientists who politically are utter morons. And the people who are utter morons at AI but brilliant at politics are going to have us for lunch. At least when Meta was busy destroying the world, they were smart enough to pretend it was all about bringing friends together and not destroying democracy.
We're going to have to reflate and hire thousands and thousands of people per tech leader to avoid social unrest.
How is Anthropic's $30 billion funding impacting the AI landscape?
We see no signs that there's a short-term crash coming.
This is 20VC with me, Harry Stebbings. It's my favorite show of the week, Rory O'Driscoll, Jason Lemkin, analyzing the biggest news in tech. Starting off, Andre Kapathy joins Anthropic and Anthropic Eye, a $900 billion valuation for their latest fundraise. Then we dig into the public markets.
What are the implications of Salesforce's spending on AI tokens?
Datadog up 31%. Figma up 12%. What happens from here? Next, we have Cerebrus IPO smashes expectations and breaks the $300 mark. And then finally, SpaceX. They set June the 12th. for the largest IPO in history, $1.75 trillion market cap, raising $75 billion. But before we dive into the show today, let me tell you about Omni. It's an AI analytics platform, and it solves a problem every scaling company hits. Your team needs insights, not just data lookups, the stuff that really matters, and it's critical to get it right, like CAC payback platforms. periods, and net dollar retention. For AI agents to act on your company data, they need your business context, your definitions, your logic, your permissions, and that's what Omni's governed context graph provides.
Your data team defines it once, then anyone, your ops lead, your CFO, your PM, can ask a question in English and get an answer in seconds. Perplexity, Mercury, and DBT run on Omni, and 20 VC listeners get a free three-week trial, week, very specific, not a month, but three weeks, go to omni.co forward slash 20VC. That's omni.co forward slash 20VC.
Why are traditional web builders like Wix and Squarespace declining?
After Omni helps you find the right customers, checkout helps you close them. Over the past few For 15 years, Guillem Pozaz has led Checkout.com through what he calls the velocity years, a period of hypergrowth with relentless product building. The lesson? High growth is a gift, but it demands ruthless focus. As his mother put it, play the game you're good at. For Checkout.com, that game is digital payments. obsessing over data, chasing basis points, and compounding learnings over time. And that discipline is paying off. 2025, Checkout.com processed over $300 billion in total volume, up 64% year-over-year, and returned to full-year EBITDA profitability.
Is the semiconductor and hardware boom sustainable amidst compute starvation?
They now support over 1,000 enterprise merchants globally, including 63 that process more than a billion annually, with brands like eBay, Vinted, Amex, ASOS, and Tmoo. Guillaume's message, though, it's pretty clear. They've earned the right to win anywhere. Now they're investing in innovation across marketplaces, issuing financial experiences and agentic commerce. If you want payments built for what's next, talk to the team at Checkout.com. That's Checkout.com. While Checkout powers the moment money changes hands, Invisible powers the people behind the work. Why don't we hear more real AI success stories from big companies? The models are insanely good, but implementation is the problem.
What does Cerebras' IPO success signify for tech public debuts?
It's really, really hard. There's data all over the place. There's legacy tech and manual workarounds.
How is SpaceX's upcoming IPO expected to impact the market?
It's a Ferrari engine in a shopping cart. Meet Invisible. Invisible trains 80% of the top models and then adapts them to the messy reality of your business. Take the Charlotte Hornets NBA team. Invisible took years of game tape and analog scouting notes to go from uncertainty to a draft pick and summer league championship win in weeks, not seasons. Get the data in order first, and suddenly AI can do almost anything for you in the enterprise. If you want AI that hits the P&L, go to invisibletech.ai forward slash 20VC. You have now arrived at your destination.
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Chapters
8 chapters
1
What does Anthropic's $900 billion valuation and Andrej Karpathy's move mean for the AI industry?
0:00–0:28
2
How is Anthropic's $30 billion funding impacting the AI landscape?
0:28–0:50
3
What are the implications of Salesforce's spending on AI tokens?
0:50–2:03
4
Why are traditional web builders like Wix and Squarespace declining?
2:03–2:39
5
Is the semiconductor and hardware boom sustainable amidst compute starvation?
2:39–3:17
6
What does Cerebras' IPO success signify for tech public debuts?
3:17–3:23
7
How is SpaceX's upcoming IPO expected to impact the market?
3:23–4:49
8
What are the broader implications of mass tech layoffs on the industry?
4:49–1:21:52
Speakers
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