20VC: Nat Friedman and Daniel Gross Bought with Zuck's $100BN AI Budget | Navan Files to Go Public and Canva Pulls the Brakes: Why and What Happens | Why Larry Ellison is the Smartest Man in Tech | Substance or Sizzle: What is Real and What is BS in AI

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The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 26 June 2025

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Agenda:

04:21 - The Meta Acquisition Bombshell: Nat Friedman & Daniel Gross Join Facebook?!

06:00 - Facebook’s $100 Billion Gamble: Can Zuck Buy the Future?

09:27 - The “Magic Room” Theory: Why Only Insiders Get Billion-Dollar Paydays

11:27 - Is Loyalty Dead in Silicon Valley? The Great Talent Exodus

16:00 - Harvey’s $5 Billion Valuation: Genius or Bubble?

19:00 - The AI Gold Rush: Can Software Really Eat Human Labor?

22:00 - The B2B Unicorn Dilemma: Are There Enough $100B Companies?

25:00 - IPO Mania: Why Navan, Canva, and Circle Are Shaking Up the Markets

29:00 - Meme Stocks & Market Madness: The Circle Rollercoaster

32:00 - Canva’s Billion-Dollar Question: Why Stay Private?

36:00 - Larry Ellison’s Power Play: How to Buy Back Your Own Empire

39:00 - The Sales Tech Revolution: Why “Cheating” Tools Are the Next Big Thing

42:00 - Slack Lockdown: Is B2B Software About to Get Ugly?

45:00 - The Ultimate Quickfire: Will Trump Launch a Smartphone? Will the US Seize AI?

Transcript

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0:00.0	Here's what nobody wants to admit.
0:01.9	When LLMs finally work at something, the implementation will be boring as fuck.
0:06.5	Harvey isn't some breakthrough in legal AI.
0:09.0	It's chat GPT with a law costume.
0:11.4	Loveable isn't revolutionizing code.
0:13.2	It's clawed with pretty buttons.
0:14.9	So you have two choices.
0:16.5	Option one.
0:17.5	Wait until the LLM actually works, then scramble to build your chat GPT wrapper
0:22.1	along with everybody else who just relies the same thing.
0:25.4	Option 2. Start now while the tech is garbage.
0:28.7	Lie about how good it is. Burn money on marketing. Claim the territory while everyone else
0:33.5	is still laughing at you. The company's winning at leverage beta aren't the ones building
0:37.8	better products. They're the ones who understood this dynamic first. The reader lying about
0:42.3	the present, 11X or icon, are arbitraging the obvious. Harvey are lovable. This is 20 VC and my
0:48.3	favorite show of the week. It's the News Roundup show with Rory and Jason Lampkin. Today, we discuss
0:53.8	Nat Friedman and Daniel Gross joining
0:56.0	meta. We discuss Canva delaying their IPO, Navan filing to go public. We discuss what everyone
1:03.5	thinks they know but is actually bullshit in the world of AI and so much more. This is an
1:08.7	incredible discussion. I learned so much from this.
1:11.6	I want to hear your feedback on the show.
1:13.3	Let me know what you think,
	...

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