20VC OGs: SpaceX Valued at $800BN & Harvey Raises $160M at an $8BN Price | Airwallex Raises $330M and The Battle with Keith Rabois | Netflix Acquires Warner Brothers | IPO Market Predictions for 2026: Anthropic, Stripe, Databricks and SpaceX
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 693 Ratings
🗓️ 11 December 2025
⏱️ 92 minutes
🧾️ Download transcript
Summary
AGENDA:
03:46 SpaceX's $800 Billion Valuation: A Deep Dive
09:18 IPO Market Predictions for 2026
18:18 Netflix's Bold Move: Acquiring Warner Brothers
27:43 Tiger's New Fund Strategy
33:02 Databricks' Head of AI $500 Million Seed Round
36:38 Harvey Raises $160M at an $8BN Valuation
48:22 Will LLMs Kill the App Layer
01:02:02 Google's AI Capabilities
01:06:58 Chinese Open Source Models in US Startups
01:08:57 Airwallex Raises $330M at an $8BN Valuation
01:23:50 Prediction Markets and Insider Trading
Transcript
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| 0:00.0 | Every time that private market valuations came into contact with public market valuations, |
| 0:05.4 | private market valuations were found wanting. And money is a great fruit serum. Don't tell me |
| 0:10.8 | what you think. Tell me what you do. It is possible to lose money on a great company. Air wallacks |
| 0:16.8 | at $8 billion or ramp at $32, which would you rather own? Jason, bail me out here. VC condescending to tell the CEO how they're going to work it out. It's beyond condescending. The great CEOs will figure it out. I'm going to push back hard on that. Okay, but people are going to see you as condescending, Rory. I wouldn't push back. I disagree. And like you a lot now. Don't make them think of you as condescending. It doesn't help at the end of the year. Don't push back. Take a molligan and delete this section. |
| 0:45.1 | No, I want. |
| 0:45.9 | This is 20VC with me, Harry Stebbings, and it is the spiciest show we've ever done with Jason Lemkin, Roryo Driscoll. |
| 0:53.2 | The biggest news in tech, no politics, just |
| 0:56.7 | commentary and analysis. |
| 0:58.5 | But before we dive into the show today, now most people who get scammed never talk about |
| 1:03.7 | it. |
| 1:04.7 | And if it can happen to tech savvy professionals, CEOs and investors, it can happen to anyone. |
| 1:09.5 | But the problem isn't just losing money, it is that today's scams, they're built differently |
| 1:14.3 | for a very new world, one where AI can generate convincing messages in seconds, and fake sites |
| 1:20.6 | look more like real sites than the real thing. |
| 1:23.5 | Traditional tools were not built for this future. And that's why Guardio exists. |
| 1:28.5 | Guardio is this incredible predictive and proactive engine. |
| 1:32.3 | It leverages advanced AI threat detection to block highly targeted, socially engineered scams |
| 1:38.3 | before they ever reach you. |
| 1:40.2 | From phishing emails and fake login pages to financial fraud, Guardio protects you across the ways people actually live and work online. |
| 1:50.1 | And security shouldn't be complicated. |
| 1:52.1 | Guardio continuously monitors across all your accounts and devices, uncovering risks in real time and guiding you to close gaps before attackers exploit them. |
| 2:01.6 | Trusted by over a million users, Guardio is setting the new standard for personal cyber security. |
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