20VC: Anthropic's Superbowl Ad: Who Won - Who Lost | Harvey Raises $200M at $11BN Valuation | Sierra Hits $150M in ARR: Is Customer Support Too Crowded
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 693 Ratings
🗓️ 12 February 2026
⏱️ 82 minutes
🧾️ Download transcript
Summary
AGENDA:
03:43 Anthropic Predicts $149B in ARR in 2029
09:27 Will FDEs Become More or Less Powerful
26:17 Harvey Raises $200M at an $11BN Valuation
42:45 Is Customer Support a Terrible or Terrific Investment Category
56:14 Anthropic's Superbowl Ad: Who Won and Who Lost
01:11:30 Do CEOs Have to Work Harder Today Than Ever
Transcript
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| 0:00.0 | The idea that software as a category is dead is ludicrous to me. |
| 0:03.9 | It's tough out there. |
| 0:05.1 | It's going to be hard. |
| 0:06.5 | Welcome to the technology industry. |
| 0:08.5 | I just think we have to give up on Tam. |
| 0:10.5 | I think we just have to let the revenue show us the path to Tam. |
| 0:13.5 | I think every category that I know of outside of engineering and product is at existential risk of shrinking seats. |
| 0:23.8 | It's the venture capital equivalent of you can't get fired for buying IBM. |
| 0:28.9 | You can't get fired for sticking money in with a one-x preference on the consensus winner. |
| 0:32.4 | This is classic top of the bubble stuff. |
| 0:34.7 | This is 20 VC with me, Harry Stebbings. |
| 0:39.6 | Now, today we have Rory, Jason, and one very special guest. We have Mike Cannonbrooks, co-founder of Atlassian, joining us for my favourite show of the week, the show where |
| 0:45.1 | we discuss the single biggest news items that have happened in the last seven days of tech. This was |
| 0:50.9 | an incredible one. I want your feedback. Let me know what you think of this show, |
| 0:54.9 | Harry at 20VC.com. But before we dive into the show today, are you a founder working nonstop |
| 1:01.4 | to raise your next round? Are you an investor doing all you can for your portfolio companies |
| 1:06.0 | to help them stand out? Funding and scaling a vision is challenging. Banking should not be. HSBC |
| 1:12.4 | Innovation Banking caters to tech and healthcare founders all over the world who need a really |
| 1:17.2 | great banking partner that matches their pace, offering fast onboarding, product packages |
| 1:22.5 | designed for your business and capital solutions built for high-growth startups and the VCs investing in them. |
| 1:28.7 | With HSBC innovation banking is rapid onboarding, you can get access to your new accounts |
| 1:33.6 | and facilities quickly so your team can stay focused on building and scaling what's next. |
... |
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