20VC: Brex Acquired for $5.15BN | a16z Companies are 2/3 AI Revenues | Anthropic Inference Costs Skyrocket | OpenEvidence Raises at $12BN Valuation | The IPO Market: EquipmentShare, Wealthfront and Ethos Insurance
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 693 Ratings
🗓️ 29 January 2026
⏱️ 76 minutes
🧾️ Download transcript
Summary
AGENDA:
03:36 Brex Acquisition by Capital One for $5.15BN
10:54 Does Brex's Acquisition Help or Hurt Ramp?
16:28 TikTok Deal Completed: Who Won & Who Lost: Analysis
19:30 Anthropic Inference Costs Higher Than Expected
37:50 Open Evidence Raises at $12BN from Thrive and DST
53:56 Wealthront IPO Disaster: Is $1.5BN IPO Too Small?
01:07:27 Salesforce Wins $5BN Army Contract: The Last Laugh for SaaS
Transcript
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| 0:00.0 | The bad feelings last for a day. |
| 0:01.8 | The $5 billion lasts forever. |
| 0:03.7 | I worry, this is the next final act. |
| 0:06.0 | At some point, NVIDIA puts will be a great buy |
| 0:08.5 | because every semiconductor cycle for the last 40 years |
| 0:11.7 | has ended up in a massive down swing. |
| 0:13.9 | I ain't buying them today. |
| 0:15.4 | Most of the time, we sit around here waiting, reading, and thinking. |
| 0:20.5 | And I thought, hmm, that's a real investor. |
| 0:23.1 | SAS is not dead and now SaaS has an army. |
| 0:26.4 | I love it. |
| 0:27.5 | This is 20VC with me, Harry Sebings, and it's my favorite show of the week. |
| 0:31.2 | Warrior Driscoll, Jason Lankin, analyzing the biggest news in tech. |
| 0:35.7 | This week, Anthropics inference costs skyrocket, |
| 0:39.2 | Brax's $5.15 billion deal with Capital One analyzed, and the $12 billion priced open evidence |
| 0:46.3 | round, who wins and who loses in this tech market, all to come in today's episode. But before we |
| 0:52.4 | dive into the show today, are you a founder working non-stop to raise your next round? |
| 0:57.2 | Are you an investor doing all you can for your portfolio companies to help them stand out? |
| 1:02.1 | Funding and scaling a vision is challenging. |
| 1:04.6 | Banking should not be. |
| 1:06.2 | HSBC Innovation Banking caters to tech and healthcare founders all over the world |
| 1:10.7 | who need a really great |
... |
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