20VC: Why To Win in AI, Investors Need to Change Their Approach | Why VC is Run by Principals and Associates and is a Broken System | The Bull Case for Anthropic & Whether Deepseek Changes Their Strategy with Nabeel Hyatt @ Spark Capital

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Nabeel Hyatt 0:00
The industry today is run basically by principals, associates, and junior GPs. A principal is not actually waiting for an exit. They just want a promotion, man. We are in the industrialization of startups playbook land where everybody's trying to churn out some piece of ridiculous arbitrage every week in order to get through the end of their incubator and raise their seed round. There is absolutely a belief that too much capital can mess up a company.
Harry Stebbings 0:25
this is 20 vc with me harry stebbings now our guest today has been a friend of mine for about eight or nine years if you can believe it he's very modest and so he doesn't really want the intro to be about him so i'm gonna leave it with nabil hyatt is a general partner at spark capital spark is one of the leading firms of the last decade with portfolio companies including twitter anthropic Coinbase, Affirm, Discord, Deal, and more. And I do just want to say again on Nabil. Nabil helped me, advised me, was a friend when the show was very small and no one cared. That to me is the sign of true kindness. And so I really appreciate the friendship, Nabil. but before we dive in today it can be difficult to build a team that's aligned on everything from values to workflow but that's exactly what coda was made to do coda is an all-in-one collaborative workspace that started as a napkin sketch now just five years since launching in beta coda has helped 50 000 teams all over the world get on the same page with coda
Harry Stebbings 1:25
You get the flexibility of docs, the structure of spreadsheets, the power of applications, and the intelligence of AI, all built for your organization. Coder's seamless workspace facilitates deeper collaboration and quicker creativity, giving you more time to build. And whether you're a startup looking to organize the chaos while staying nimble, or an enterprise team looking for better team alignment, Coder matches your working style. To try it for yourself, go to coder.io slash 20VC today and get six months free of the team plan for startups. That's Coda, C-O-D-A dot I-O slash 20VC to get started for free and get six free months of the team plan. Now that your team is aligned and collaborating, let's tackle those messy expense reports. You know, those receipts that seem to multiply like rabbits in your wallet, the endless email chains asking, can you approve this? And don't even get me started on the month-end panic when you realize you have to reconcile it all.
Harry Stebbings 2:23
Well, PLEO offers smart company cards, physical, virtual, and vendor-specific, so teams can buy what they need while finance stays in control. Automate your expense reports, process invoices seamlessly, and manage reimbursements effortlessly, all in one platforms. With integrations to tools like Xero, QuickBooks, and NetSuite, Plio fits right into your workflow, saving time and giving you full visibility over every entity, payment, and subscription. Join over 37,000 companies already using Plio to streamline their finances. Try Plio today. It's like magic, but with fewer rabbits. Find out more at plio.io forward slash 20VC. And don't forget to secure trust with your customers. Trust isn't just earned though, it's demanded. That's why over 9,000 companies including Atlassian, Quora and Factory rely on Vanta to automate their security compliance. So Vanta helps businesses achieve certifications like SOC 2 and ISO 27001, turning months of tedious work into this beautifully fast and straightforward process.
Harry Stebbings 3:25
Their platform automates compliance across over 35 frameworks. It centralizes workflows and it proactively manages risk. all while saving you time with automation and AI. So whether you're just starting or scaling your security program, Vanta connects you with auditors and experts to get audit ready quickly and build trust with your customers. Get $1,000 off your first year by visiting vanta.com forward slash 20VC. That's V-A-N-T-A dot com forward slash 20VC. You have now arrived at your destination. Nabil, it is so good to have you here, dude. I'm also excited because you said before, we have quite different views and that always makes for a great show. So thank you for letting me turn a coffee meeting into an interview.

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