20VC: $3.5BN - The Price Zuck Paid for Thinking Machines Co-Founder | Goldman Sachs Acquires Industry Ventures for $665M | Softbank Borrows $5BN Against ARM Holding to Invest More Into OpenAI | The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

This episode of 20VC features Harry Stebbings, Jason Lemkin, Rory O'Driscoll, and Roger Ehrenberg discussing various topics in the venture capital and tech industries. They analyze Industry Ventures' acquisition by Goldman Sachs, debate the implications of Andrew Tulloch leaving Thinking Machines to join Meta, and examine SoftBank's investment in OpenAI. The conversation also explores the increasing demand for compute and the potential for a bubble in AI, as well as the regulatory arbitrage in prediction markets with companies like PolyMarket and Kalshi. Finally, they delve into investment strategies, contrasting concentrated AI bets with diversified approaches, and discuss the challenges of seed investing in a rapidly evolving landscape.

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20VC: $3.5BN - The Price Zuck Paid for Thinking Machines Co-Founder | Goldman Sachs Acquires Industry Ventures for $665M | Softbank Borrows $5BN Against ARM Holding to Invest More Into OpenAI

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

Introduction to the Episode and Guest Speakers

Arthur Rock Anecdotes and Industry Ventures Acquisition

Financial Analysis of the Industry Ventures Acquisition and its Strategic Rationale

Discussion on Andrew Tulloch Leaving Thinking Machines for Meta

SoftBank's Investment in OpenAI and the AI Compute Bubble

Economic Viability and Regulatory Arbitrage in AI and Prediction Markets

Kingmaking in Venture Capital and Contrasting Investment Strategies in AI

Portfolio Construction Strategies and the Importance of Follow-on Checks

Risk-Adjusted Value and Options Theory in Venture Investing

Capital Allocation and Ethical Considerations in Venture Capital

Closing Remarks and Sponsor Acknowledgements

20VC: $3.5BN - The Price Zuck Paid for Thinking Machines Co-Founder | Goldman Sachs Acquires Industry Ventures for $665M | Softbank Borrows $5BN Against ARM Holding to Invest More Into OpenAI

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

00:00Introduction to the Episode and Guest Speakers

Introduction to the Episode and Guest Speakers

05:11Arthur Rock Anecdotes and Industry Ventures Acquisition

Arthur Rock Anecdotes and Industry Ventures Acquisition

09:23Financial Analysis of the Industry Ventures Acquisition and its Strategic Rationale

Financial Analysis of the Industry Ventures Acquisition and its Strategic Rationale

17:57Discussion on Andrew Tulloch Leaving Thinking Machines for Meta

Discussion on Andrew Tulloch Leaving Thinking Machines for Meta

29:33SoftBank's Investment in OpenAI and the AI Compute Bubble

SoftBank's Investment in OpenAI and the AI Compute Bubble

36:21Economic Viability and Regulatory Arbitrage in AI and Prediction Markets

Economic Viability and Regulatory Arbitrage in AI and Prediction Markets

45:57Kingmaking in Venture Capital and Contrasting Investment Strategies in AI

Kingmaking in Venture Capital and Contrasting Investment Strategies in AI

53:15Portfolio Construction Strategies and the Importance of Follow-on Checks

Portfolio Construction Strategies and the Importance of Follow-on Checks

1:02:15Risk-Adjusted Value and Options Theory in Venture Investing

Risk-Adjusted Value and Options Theory in Venture Investing

1:11:21Capital Allocation and Ethical Considerations in Venture Capital

Capital Allocation and Ethical Considerations in Venture Capital

1:17:41Closing Remarks and Sponsor Acknowledgements

Closing Remarks and Sponsor Acknowledgements