20VC: a16z Raises $10BN in New Funds | Mercor Raises $350M at a $10BN Valuation | OpenAI Restructuring: Who Wins and Who Loses | Why IRR is a BS Metric and Three Ways to Win in VC Today
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 693 Ratings
🗓️ 30 October 2025
⏱️ 84 minutes
🧾️ Download transcript
Summary
AGENDA:
05:17 OpenAI's Restructuring: Winners and Losers
17:17 Andreessen Horowitz's Raise $10BN in New Funds
26:38 Mercor Raises $350M at a $10BN Valuation
43:08 Spray and Pray: Does it Work: Data Breakdown
47:04 The Role of Option Checks Venture Capital
48:36 The Three Ways to Win in VC Today
54:26 Why IRR is a BS Metric and What Matters More
01:08:47 Amazon's Struggles: How Do They Return to Greatness in AI
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I just can't think of a retail IPO that would be more popular than Open AI. To me, going from $23 billion to $30 billion, I don't even consider it an upround. It's not enough. If they really have gone from $100 to $150 in less than six months, then I can make this conversation really quick. There's no way they should sell. And Dresen Hurts is the Red Army of the venture. What you're basically saying is, Rory, you can win a deal. Not because I've grafted for 30 years and return, you know, frankly, billions of dollars to my investors, but because I'm on a fucking pod. If that sentence is true, if that sentence isn't true, then a hundred percent Mark Andreessen was right all along. I think Bezos would lay off half his company in a fortnight. It was the right thing. I don't think you even care. And Dresen Horowitz is the Red Army of the Venture Industry. I think that has to be the quote of this series. This is my favorite show of the week. How can you not listen to that intro and just be like, I want to listen to this show. |
| 0:54.7 | This episode was so much fun to do. |
| 0:57.2 | We cover everything from OpenAI structuring to Synthesia rejecting the round, to Ramps's |
| 1:04.2 | New Potential Round, to many, many more. |
| 1:07.2 | This was so much fun to do. |
| 1:08.6 | I want to hear your feedback on the show, Harry at 20VC.com. |
| 1:12.2 | But before we dive into the show today, now most people who get scammed never talk about it. |
| 1:18.0 | And if it can happen to tech savvy professionals, CEOs and investors, it can happen to |
| 1:22.6 | anyone. But the problem isn't just losing money. It's that today's scams, they're built differently for a very |
| 1:28.9 | new world, one where AI can generate convincing messages in seconds, and fake sites look more like |
| 1:35.3 | real sites than the real thing. Traditional tools were not built for this future, and that's why |
| 1:40.9 | Guardio exists. Gardeo is this incredible predictive and proactive engine. |
| 1:46.0 | It leverages advanced AI threat detection to block highly targeted, socially engineered scams before they ever reach you. |
| 1:54.0 | From fishing emails and fake login pages to financial fraud, |
| 1:58.0 | Guardio protects you across the ways people actually live and work online. |
| 2:03.9 | And security shouldn't be complicated. |
| 2:06.0 | Guardio continuously monitors across all your accounts and devices, uncovering risks in real time |
| 2:12.1 | and guiding you to close gaps before attackers exploit them. |
| 2:16.1 | Trusted by over a million users, Guardio is setting the |
| 2:19.3 | new standard for personal cyber security. Visit guard.io slash 20VC today to start your seven-day |
| 2:28.2 | free trial because the threats of tomorrow, they're already here and Guardio is built to stop them. And as Guard.io protects your |
| 2:36.2 | clicks, Acuity scheduling ensures our time stays on track. This show is brought you by Acuity |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Twenty Minute VC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Twenty Minute VC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

