20VC: Canva Slashes Growth: How Much is it Really Worth | Demis Hassabis and Jeff Dean: Talent Exodus at Google | Revolut's $50BN CEO Pay Package | Elon Musk's $55BN Terrafab
episode
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
1h 26m
3 speakers
8 chapters
transcribed 1 month ago
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Transcript generated automatically by AI and may contain errors.
Why did Canva cut its 2026 growth forecast by a third?
There's going to be a lot of people paying the bill in 26 and 27 for a certain amount of hesitancy in 23 and 24. The only way you prove that you're not dying is by growing. It doesn't matter what you think, big guy, you're in this journey for the next 12 months. Buckle up. Because liquidity will only come at the end of the journey. It must be extraordinarily validating if you're Jeff Dean to leave as a non-CEO of a two. Or three trillion dollar market cap public company and have the stock go down by a couple of hundred billion dollars. Google's efforts so far are B plus A minus. They're not A plus.
I mean, this is such an entitled podcast. Oh, poor anthropic engineer only made thirty five million. I mean, go out to the goddamn panhandle, no one's making fifty grand.
When they say it's not about the money, it's about the money.
Any investment I've made that is not run by a founder is a zero. It's gonna be a zero in this age.
This is 20 VC with me, Harry Stebbings, and it's my favorite show of the week. Rory O'Driscoll, Jason Lemkin, and me shooting this shit on the biggest news in tech. So, what happened this week that we discussed? Canva cuts 2026 growth by a third? Ouch! As AI serving costs blow up. Next, Jeff Dean leaves Google after 27 years. It gets worse. Demis Hisabis, the OG of AI, Then steps back from Google DeepMind, also, God poor Sundar, that is one bad day at the office. And then Elon Musk, as always, comes out with one of the most ambitious projects with Terrafab, where we unpack the jobs that come from it, the first real installment of $16.8 billion, and just what it would mean for him in terms of structurally not having to beg at the tower of TSMC.
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How are AI serving costs reshaping Canva’s business model?
It lands on the canvas, stays editable, and can be published when the team is ready.
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Chapters
8 chapters
1
Why did Canva cut its 2026 growth forecast by a third?
0:00–4:02
2
How are AI serving costs reshaping Canva’s business model?
4:02–7:37
3
What does Canva’s current valuation tell investors about the LP liquidity trap?
7:37–10:50
4
Why is the exodus of top AI talent from Google a red flag for the company?
10:50–14:42
5
Can Google still afford to fund big‑scale science projects like Alzheimer’s research?
14:42–19:14
6
Will political backlash against AI data‑centers stall the industry’s growth?
19:14–23:26
7
What’s the strategic rationale behind Elon Musk’s $55 bn Terrafab bet?
23:26–27:30
8
How does Revolut’s $50 bn CEO pay package reflect founder‑control trends?
27:30–1:26:38
Speakers
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