20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 693 Ratings
🗓️ 22 January 2026
⏱️ 78 minutes
🧾️ Download transcript
Summary
AGENDA:
03:30 Can VC Survive With Public Market Prices Today
15:20 The Implosion of Thinking Machines
21:13 Elon Musk vs. OpenAI: The Legal Battle
40:50 Can OpenAI Win Ads?
55:50 ClickHouse's $15BN Deal: Analysed
58:55 Replit's $9BN Deal: Analysed
01:08:35 There Are Only Two Types of Deals VCs Want To Do Today
Transcript
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| 0:00.0 | If Figma isn't good enough, what hope is there for the rest of us in software? |
| 0:03.5 | I look at my portfolio. |
| 0:05.3 | What the hell am I going to say at board meetings this week, Rory? It's going to be the gift that keeps on giving. If you're the kind of person who slows down at a traffic accident, in other words, if you're like 90% of humanity, you're going to be slowing down every time the depots come out. It's going to be great. If I just stayed at Stripe and just played Mind Sweeper, I could be worth 10 billion. |
| 0:23.6 | Elon's in an asymmetric world. has come out. It's going to be great. If I just stayed at Stripe and just played Mind Sweeper, |
| 0:21.5 | I could be worth 10 billion. Elon's in an asymmetric win-win situation and open AI is not. |
| 0:27.7 | Advertising is not valueless to consumers when it's perfectly executed. This is 20 VC with me, |
| 0:33.0 | Harry Stebbings, and it is my favorite show of the week, Jason Lemkin, Roryo Driscoll, |
| 0:37.4 | discussing the biggest news in tech. |
| 0:39.8 | This week, my word, we have a lot to discuss. |
| 0:42.4 | We have Can Venture Survive when Public Markets price assets the way they are today. |
| 0:48.9 | Sam Altman versus Elon Musk, the $100 billion fight that is about to ensue, the implosion of |
| 0:57.1 | thinking machines, replet and Click House's new multi-billion dollar rounds, this and so much more. |
| 1:04.2 | I always want your feedback. Let me know what you think of these shows, Harry at 20VC.com. |
| 1:10.2 | But before we dive into the show today, I run the 20 VC fund and I get this question from |
| 1:15.2 | founders all the time. |
| 1:16.8 | Oh, Harry, I can't find a good.com. |
| 1:19.5 | Do you have a good hookup? |
| 1:21.2 | Well, let me tell you now, the answer is always going to be no. |
| 1:24.3 | I don't have a guy or a gal for that. |
| 1:26.6 | I do have a recommendation though. |
| 1:28.1 | If you're building a tech startup, get a dot tech domain. Tech startup, dot tech domain. It could |
| 1:34.8 | not be more obvious. As an investor, I appreciate founders who put thought into their branding. |
... |
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