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

20VC: Anthropic Raises $30BN at $380BN Valuation | Thrive Raises New $10BN Fund | OpenAI Buys OpenClaw | Stripe Raises at $140BN: Is Adyen Wildly Undervalued? | Monday, Figma, Shopify: Which are Buys vs Sells?

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

The Twenty Minute VC

Business, Investing, Tech News, News

4.4693 Ratings

🗓️ 19 February 2026

⏱️ 94 minutes

🧾️ Download transcript

Summary

AGENDA:

04:14 Anthropic's $30B Raise at $380B

06:18 Why SaaS Stocks Keep Getting Crushed

18:15 Wall Street's New Religion: AI Replaces Headcount 

22:42 The Bear Case for Shopify: What Could Go Wrong?

31:51 Replit and Lovable are Proof Figma Missed Out: Figma; Buy or Sell? 

48:42 Stripe Raises at $140BN: Is Stripe Wildly Overvalued or Adyen Undervalued? 

54:36 OpenAI Buys OpenClaw

01:06:28 Thrive's $10B Growth Fund

01:09:10 Arif Janmohamed Leaves Lightspeed for New Firm

01:17:12 Workday's Founder Returns as CEO: Will it Work? 

01:20:34 Which Founder Returns Next: HubSpot, Twilio, Gitlab?

01:24:03 Is Monday.com a Screaming Buy?

01:28:25 Jason and Harry Bet $200,000

 

Transcript

Click on a timestamp to play from that location

0:00.0

You've never seen a company grow 10x in gap revenue and runway year on year for three years. So you're leaning into the singularity here. Wall Street has decided this is the bet they want to make. Capital has decided this is the bet they want to make. People are going to try and make this bet. Wall Street fell in love with AI and to do that had to fall out of love with SaaS. Everybody should get a little bit of a grip and not extrapolate to the end, but whatever. That's the movie right now. Who wants to get back to early stage? I want to do the Anthropic round. Give me a fucking break. I don't want to like have to pick which accounting software in four years might break out for AI. No one wants to do that. Just show me

0:38.4

the carry. This is 20VC with me, Harry Stebbings. It is my favorite show of the week, Roryo Driscoll,

0:44.9

Jason Lampkin, analyzing the biggest news in tech that has gone down this week. Anthropic raises

0:51.6

$30 billion and a $380 billion post. OpenClaw creator Peter Steinberger joins Open AI. Thrive closes on a mega $10 billion fund, one for early, nine for growth. We also have Stripe versus ad yen, and then finally Apploving down 70% and Shopify getting no love.

1:13.8

What is going on in public markets?

1:16.9

But before we dive into the show today, I run the 20 VC fund and I get this question from founders

1:22.2

all the time.

1:23.4

Oh Harry, I can't find a good.com.

1:26.1

Do you have a good hookup? Well, let me tell you now, the answer is always going to be no. I can't find a good.com. Do you have a good hookup? Well, let me tell you now,

1:28.9

the answer is always going to be no. I don't have a guy or a gal for that. I do have a recommendation,

1:34.2

though. If you're building a tech startup, get a dot tech domain. Tech startup, dot tech domain.

1:41.0

It could not be more obvious. As an investor, I appreciate founders who put thought into

1:45.9

their branding. When I see dot tech in your name, it tells me right away that tech is at the core of

1:50.9

your build. It'll say that to your customers too. A clean and sharp domain like dot tech pays off in the long

1:57.0

run. You know nothing. Dot Tech, 1x. Dot Tech, Aurora. Tech. All of these great tech

2:03.3

companies, they all use Dot Tech as their domain. These are my two cents. If you're building a

2:08.0

tech startup, don't overthink it. Get a dot tech domain. While Dot Tech gives modern companies a home

2:14.1

online, checkout helps that home convert by turning traffic into revenue.

2:18.7

Digital commerce is exploding, but payments are still where revenue leaks.

2:23.7

Checkout.com launched in 2012 to fix that. They don't try and be everything to everyone.

2:29.4

No, they just do one thing better than anyone, digital payments, cloud native, sub 500 millisecond

2:36.5

latency and 99.999% uptime.

...

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