20VC: Nat Friedman and Daniel Gross Bought with Zuck's $100BN AI Budget | Navan Files to Go Public and Canva Pulls the Brakes: Why and What Happens | Why Larry Ellison is the Smartest Man in Tech | Substance or Sizzle: What is Real and What is BS in AI

In this episode of 20VC, Harry Stebbings, Rory O'Driscoll, and Jason Lemkin discuss a range of topics including Daniel Gross and Nat Friedman joining Meta, Canva delaying their IPO, Navan filing to go public, and the current state of AI. They analyze Meta's strategic acquisitions in the AI space, the commoditization of AI talent, and the potential for AI to disrupt the legal industry, particularly with companies like Harvey and Crosby. The conversation also covers IPO trends, the dynamics of public versus private markets, and the strategic moves of companies like Canva and Oracle. Finally, they touch on the implications of Slack's lockdown on data access and debate the potential for a Trump-branded smartphone.