20VC: SpaceX, Tesla, Neuralink: Elon’s Empire After the Firestorm | Are Circle and Coreweave Meme Stocks: IPO Analysis | Anduril Raises $2.6BN & Becomes Founders Fund's 1st and 2nd Largest Check Ever | Cursor Now 20% of SaaS Spend and the SaaS Slowdown

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

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

4.4 • 637 Ratings

🗓️ 12 June 2025

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Agenda:

00:03 – Circle’s IPO: Investors Just Left $BNs on the Table

00:06 – CoreWeave & Circle: Are We Back to Meme Stock Madness?

00:11 – Should Stripe and Databricks Finally Go Public?

00:17 – US Stock Markets: How They DOMINATE the Global Game

00:21 – 50% of Unicorns Are DOOMED. What Happens Now?

00:25 – Founders Fund Just Dropped $1B on Anduril. Why?!

00:29 – What Would You Do If LPs Let You Go Wild?

00:36 – What Missing Out on Millions for Docusign Taught Rory

00:44 – Cursor is 20% of SaaS Spend: The Shocking Data Behind the SaaS Slowdown

00:47 – AI vs. SaaS: The Great Budget War Begins

00:48 – Can AI Take Budget from the Talent Budget or Will It Remain in Software Budgets?

00:56 – SpaceX, Tesla, Neuralink: Elon’s Empire After the Firestorm

Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering. Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck.

Transcript

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0:00.0	How freaking awesome the US capitalist system is.
0:02.9	I was saying the sound button on this.
0:04.8	The United States had 4% of the world's people.
0:07.9	We have roughly 23% of the world's GDP.
0:11.4	We have 67% of the world's market cap and the stock exchange, right?
0:16.8	We won.
0:18.0	US corporations are efficient.
0:19.8	They're highly valued.
0:22.5	They have international businesses.
0:28.1	I mean, not just our GDP, which is like our income is higher than our population ratio,
0:32.4	but our wealth, our corporate sector is even higher than our GDP.
0:33.9	It's my favorite show of the week.
0:38.3	Jason Lemkin and Rory O'Driscoll join me for a news breakdown. Today we discuss all the IPOs that we've seen happen in the last week, including the incredible pops from CoreWeave and from Circle.
0:46.3	Then also we discuss Elon and Trump, what it means for Elon companies.
0:50.3	And then we also discuss Rich Wong's statements from Excel that 20% of unicorns
0:56.1	will fail. Is that correct? And how do we think these zombie corns will play out? But before we
1:02.6	dive in today, here are two fun facts about our newest brand sponsor, Kajabi. First, their
1:07.8	customers just crossed a collective $8 billion in total revenue.
1:12.2	Wow!
1:13.1	Second, Kajabi's users keep 100% of their earnings, with the average Kajabi creator bringing
1:18.7	in over $30,000 per year.
1:21.2	In case you didn't know, Kajabi is the leading creator commerce platform with an all-in-one
	...

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