I think we see four IPOs backloaded next year.

SpaceX goes out first.

Canva comes out of nowhere second.

Databricks does it in the back half of the year because it's just time.

Anthropic does it at the end of the year.

Open AI probably should have gone first, but it's burning too much.

There's no ceiling on venture, which changes all the math and calculations.

You haven't missed the boat as investors.

Because what agents can do, we just started.

If unemployment ratches up even two or three points, regardless of the reason, could

just be the business cycle, you'll see a tech lash that makes what we're dealing with

now an understatement.

Society will be terrified of AI.

If the robots are going to take over society, I want to be sure that I own the robots.

This is 20VC, and the new show of the year for us has been our weekly show with Jason

Lemkin and Roryo Driscoll.

It's been incredible to see the response that it's got.

And for the final episode, we are doing a big, fat quiz of the year.

What does that mean? It means we are giving out awards to best fund of 2025, best founder of

2025, best product of 2025. And then we do a look forward and we make some predictions,

which public stock is the stock to buy, stock to sell, which companies will go

public in 2025, and so much more. This was great fun to do, and I always want your feedback,

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