20VC: SpaceX Launches Largest Ever IPO | OpenAI Files to Go Public | Uber Cuts 23% of HR | Lovable Hits $500M ARR | Founders Revolt Against VCs: The Fundraising Horror Stories Going Viral

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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 1h 13m 3 speakers 8 chapters transcribed 3 months ago
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What are the implications of SpaceX launching the largest IPO in history?

Rory O'Driscoll 0:00
But the one thing we know about Elon for the last 30 years is when he hears the word more risks, he says, yes, please, I'll have two. I think the IPO nominally will be a dud. I don't think it will trade up dramatically. There's always money when people aren't afraid. When things get scary, it's not that money runs out.

Did Elon Musk break the traditional IPO playbook with his pricing strategy?

Rory O'Driscoll 0:17
It's that money gets scared.
Jason Lemkin 0:18
I'm kind of contentious of startups that need to be fat.
Rory O'Driscoll 0:20
I'm like, what's your excuse? In any business, there's only two things that happen. People are either making stuff or selling stuff.
Jason Lemkin 0:28
If AOL becomes the next hot thing, I mean, these guys are fucking geniuses.
Rory O'Driscoll 0:33
Anyone who hasn't churned from AOL now ain't churned until they die.

Will SpaceX's IPO create a new generation of venture billionaires?

Harry Stebbings 0:37
We are back. The favorite show of the week. The two OGs of SaaS and a posh British podcaster. It's Rory O'Driscoll, Jason Lemkin and me analyzing the biggest news in tech this week. So what do we have on the cards?

What does OpenAI's public filing mean for the AI IPO landscape?

Harry Stebbings 0:50
We have the largest IPO in history. SpaceX begins their $75 billion IPO roadshow at a whopping $1.77 trillion valuation.

How is AI becoming an always-on infrastructure according to Sam Altman?

Harry Stebbings 1:00
Is the future of AI always on as Sam Altman thinks? OpenAI ships Dreaming V3? Apple rebuilds Siri on Google. Thank God. Siri being what it is is a disgrace as it turns on on my device. And then finally, we have Ramp raising their latest round at $44 billion.

What impact do Uber's HR cuts have on the future of white-collar work?

Harry Stebbings 1:19
This and so much more. This was a great show to do. But before we dive into the show today, are you a founder working nonstop to raise your next round? Are you an investor doing all you can for your portfolio companies to help them stand out? Funding and scaling a vision is challenging. Banking should not be.

What fundraising horror stories are founders sharing about their experiences with VCs?

Harry Stebbings 1:37
HSBC Innovation Banking caters to tech. and healthcare founders all over the world who need a really great banking partner that matches their pace, offering fast onboarding, product packages designed for your business, and capital solutions built for high-growth startups and the VCs investing in them. With HSBC Innovation Banking's rapid onboarding, you can get access to your new accounts and facilities quickly, so your team can stay focused on building and scaling what's next. You'll be paired with your own dedicated team of venture ecosystem veterans who have the network and experience to guide companies in your specific sector at your specific stage. And behind that support is this real strength, HSBC's $3 trillion balance sheet and global network that provides this stability and international reach needed to grow your operation with confidence.
Harry Stebbings 2:26
to see how HSBC Innovation Banking can support you. Whether you're on day one or day a thousand, visit innovationbanking.hsbc to learn more and connect with an innovation banking specialist.

How did Lovable achieve a $500M ARR with a lean team?

Harry Stebbings 2:38
That's innovationbanking.hsbc. While HSBC manages your corporate banking needs, Deal helps you build the global team behind it. Founders scale startups faster on Deal. Grow without borders. Deal handles the hard parts of global hiring so you can stay focused on growth. Set up payroll for any country in minutes. Hire anyone, anywhere and get visas handled fast. Deal takes care of onboarding, HR, IT, EOR, benefits and compliance. Everything your startup needs to scale quickly. All done fast in one place. It's why more than 40,000 fast-growing companies like Airwallex, 11Labs, and Intercom trust Deal to move fast and get back to building. Visit deal.com slash 20VC. That's deal, D-E-E-L dot com slash 20VC.
Harry Stebbings 3:27
Deal handles the global team, and Framer handles the front door. Your marketing website sets the tone for your brand, let's face it. And it's the one touch point every single one of your customers has. So if you're struggling to make small changes and simple updates, you're falling behind. And that's why so many companies from early stage startups to Fortune 500s are turning to Framer. Framer is an enterprise grade, no code website builder that works like your team's favorite design tool. And it's used by companies like Perplexity, Miro, Mixpanel to move faster. Designers and marketers can fully own the site with real-time collaboration, a robust CMS built for SEO, and advanced analytics that include integrated A-B testing.

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