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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: The Future of Foundation Models | The Future of AI Consumer Apps and Why OpenAI Did a Disservice to Them | The Future of Music: Spotify vs YouTube & Spotify vs TikTok: What Happens with Mikey Shulman @ Suno

10 Jan 2025

Transcription

Full Episode

0.109 - 19.245 Mikey Shulman

OpenAI, they did every AI company a huge disservice because everybody thinks that just, like, empty text box is now the right interface, and it is for ChatGPT and it is incorrect for basically everything else. At some point, I don't know if it's version 4 or version 5, there will be a last model release that is released as a model. Everything else is just product releases.

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19.365 - 36.995 Harry Stebbings

This is 20VC with me, Harry Stabbings, and today we feature Suno, a company where I had the most visceral wow moment with their product since the iPhone. Suno is the future of music. They've raised over $125 million for the company from the likes of Lightspeed, Founder Collective, Nat Friedman, and Daniel Gross.

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37.175 - 55.823 Harry Stebbings

And today, we're joined by Suno's co-founder and CEO, Mikey Schulman, to discuss the future of models and the future of music. But before we dive in today, here are two fun facts about our newest brand sponsor, Kajabi. First, their customers just crossed a collective $8 billion in total revenue. Wow.

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56.324 - 76.183 Harry Stebbings

Second, Kajabi's users keep 100% of their earnings, with the average Kajabi creator bringing in over $30,000 per year. Kajabi is the leading creator commerce platform with an all-in-one suite of tools, including websites, email marketing, digital products, payment processing, and analytics for as low as $69 per month.

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76.283 - 102.329 Harry Stebbings

Whether you are looking to build a private community, write a paid newsletter, or launch a course, Kajabi is the only platform that will enable you to build and grow your online business without taking a cut of your revenue. 20 VC listeners can try Kajabi for free for 30 days by going to kajabi.com forward slash 20VC. That's kajabi.com, K-A-J-A-B-I.com forward slash 20VC. And after building your

102.509 - 115.68 Harry Stebbings

online empire with Kajabi, it's time to scale your global team with remote seamless hiring solutions. So every business is a global business in 2025, but how do you do payroll for your global business and team and comply with international labor laws?

115.801 - 133.857 Harry Stebbings

Well, remote handles payroll, benefits, taxes, stock options, and compliance to help companies of all sizes pay and manage full-time and contract workers all over the world. No matter where your team lives or works, Remote's global employment solutions keep your team, your finances, and your intellectual property secure.

133.957 - 160.036 Harry Stebbings

Remote never charges hidden fees, just best-in-class global employment solutions for a low flat rate. Remote is funded by Index Ventures, Sequoia Capital, and the host of the greatest podcast ever, Harry Stebbings and 20VC. head over to remote.com forward slash 20VC, that's 20VC, and begin hiring within minutes. Enjoy 10% off your first three months by using the promo code 20VC at checkout.

160.236 - 174.923 Harry Stebbings

Now that your team is up and running worldwide, make sure your finances work just as hard with Brex, the ultimate financial stack for startups. So when Brex was founded, it wasn't just about creating another financial product. It was about solving the really gritty challenges that founders face daily.

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