Circle’s IPO Soars, The Future of VC and Cursor’s Crazy Growth | E2135

In this episode of This Week in Startups, Jason Calacanis and Alex Wilhelm discuss Circle's successful IPO and its implications for the crypto market, regulatory environment, and public markets, highlighting Jeremy Allaire's entrepreneurial success and the potential for future crypto IPOs like Gemini. They analyze the valuation of stablecoins and debate the merits of Robinhood versus Coinbase, touching on the potential tokenization of venture funds and the complexities involved. The conversation shifts to Anthropic's decision to cut off Windsurf, speculating on the competitive dynamics and advising founders to adopt a multi-model approach to avoid platform lock-in. They also delve into the Rippling-Deal saga, discussing allegations of unethical behavior and the potential for legal repercussions, before celebrating Cursor's impressive growth and comparing it to Google's early days, and finally, they examine PolyMarket's predictions on interest rates, concluding that a strong economy likely means no rate cuts in the near future.