For me, it's like I don't even want to take meetings with mortal founders.

This actually shows that sometimes Bill Gurley is wrong because his idea is that these IPO share allocations are, quote, free money.

The amount of wealth in Silicon Valley is just unprecedented in our lifetimes.

It's just gone up dramatically the last 18 months.

Maybe not to spend all the time, but the horrible question in venture and startups, it is horrible. Is this a $4.5 billion exit good enough today?

A founder's optimized fundraising is a VC's below ownership target. The health of the entire

U.S. economy depends on the answer to this question. It turns out fuck off and sell your

shares is not an acceptable answer. It's

good. There's a little part of me that's kind of a bit sorry for Sam Altman because of where he's put himself. This is 20VC with me, Harry Stebbings. And if that does not compel you to listen to this show, I don't know what's wrong with you, to be quite honest. This is one of the spiciest shows yet. It's my favourite show of the week.

Jason Lemkin, Roryo Driscoll,

breaking down the biggest news in tech that's happened over the last seven days.

No politics.

Just incredible commentary and analysis.

This was so much fun.

But before we dive into the show today,

you've heard me mention Gardeo before.

They protect millions of people from

fishing, scams and online threats, but now something genuinely exciting has happened.

Loveable, one of the fastest growing AI platforms, just integrated Guardio directly into their

gen AI chain. What that means? Every single site built with Loveable now gets scanned in real time. Fishing pages,

impersonation sites, scam redirects are blocked before they ever go live. And that's a huge shift.

It's rare to see companies take responsibility for the safety of the broader internet.

...