20VC: Will SpaceX IPO at $1.5TRN | Will Cursor Kill Figma | Lightspeed Raises $9BN | OpenAI: $1BN from Disney, New CRO & #1 App in App Store | Oracle and Broadcom Hit: Now the Time to Buy?
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 693 Ratings
🗓️ 18 December 2025
⏱️ 82 minutes
🧾️ Download transcript
Summary
AGENDA:
03:32 Lightspeed's $9 Billion Fundraise
05:20 The Impact of Mega Funds on Seed VCs
10:09 The Supercycle of Growth and Late-Stage Investments
13:06 Disney Invests $1BN into OpenAI and What It Means
23:19 Oracle Hit Hard: Is Now the Time to Buy
28:34 Broadcom's Market Cap Drop and Anthropic's AI Chip Orders
35:04 Cursor Competes with Figma: The Convergence of Design and Coding Tools
46:20 The Biggest Danger for Incumbents: Being Maimed by AI
55:28 Boom Supersonic Raising $300M to… Power Data Centres… WTF
01:00:24 Will SpaceX IPO at $1.5TRN and The Elon Option Value
Transcript
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| 0:00.0 | Tick, tick, insert $9 billion. |
| 0:02.7 | All these leaders not IPOing is the greatest gift |
| 0:05.1 | to venture in our lifetimes. |
| 0:06.6 | It's playing the growth super cycle bet today. |
| 0:09.1 | That's the winning play. |
| 0:10.2 | There is nothing as terrifying as a high growth bet that slows down. |
| 0:14.6 | This is the epicenter of the enterprise AI revolution right now. |
| 0:18.6 | You got to make yourself cool because 30% growth. That's what's cool. |
| 0:22.1 | What I realize is you have to factor in what I'm now going to refer to as the EOV, the Elon option |
| 0:27.2 | value. You can't run the numbers on SpaceX and come up with the $1.5 trillion. You just can't. |
| 0:33.4 | This is 20 VC with me, Harry Stebbings. It is my favorite show of the week. Jason Lemkin, |
| 0:41.2 | Roryo Driscoll, the biggest news in tech, no politics. |
| 0:44.8 | This week we discussed Lightspeeds' $9 billion fundraise. |
| 0:49.6 | Will Elon be able to take SpaceX public at $1.5 trillion? And all the goings on that happened at OpenAIHQ, Disney's $1 billion investment, |
| 0:56.4 | topping the charts for the app store this year and so much more. |
| 1:00.3 | As always, I want this show to be the best episode you listen to in a week. |
| 1:04.2 | Let me know what we can do to make it better, Harry at 20vc.com. |
| 1:08.8 | But before we dive into the show today, now most people who get scammed never talk about it. |
| 1:14.6 | And if it can happen to tech savvy professionals, CEOs and investors, it can happen to |
| 1:19.2 | anyone. |
| 1:19.8 | But the problem isn't just losing money. |
| 1:22.0 | It's that today's scams, they're built differently for a very new world, one where AI |
... |
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