It looks like the easiest way to make money in 2025 is to take the very biggest companies

and double down one more time.

My gut tells me we're over romanticizing verticals in the age of AI.

Like we're going to hit the same Tam exhaustion, and it's going to be worse because

expectations are so high.

If any kind of de-acceleration happens because of you, any kind of saturation or slow down. Everyone's estimates on what's going to happen here or wrong. Reminder, in a bull market, the most aggressive person will look the smartest just before the crash. Because the more risk you've taken, the more money you've made. Frankly, it feels tough today, as tough as it's ever been. This is 20 VC with me, Harry Harry Stebbings. It's my favourite show of the week. Jason Lemkin, Roryo Driscoll, and what a show we have in store for you today. Now, there's a record for this one, the longest time that it's ever taken for us to actually get to the schedule. In the schedule, we discussed Benchmark's newest partner, Open AI allowing erotica, revolutions round,

and much, much more. This was such a fun show to do. I want this to be the best podcast that you

listen to. So let me know your feedback. Harry at 20vc.com. I want to hear your thoughts. But before we

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