20VC: Chime IPO: The Breakdown | Why Fund Returners Are Not Enough & Seed is for Suckers | Are IPOs Dead & The Future of the Late Stage Private Market | Rippling vs. Deel Lawsuit: WTF Happens Now?

In this episode of 20VC, Harry Stebbings, Rory O'Driscoll, and Jason Lemkin discuss current trends in venture capital and the tech industry, including Chime's IPO and its implications for other companies considering going public. They analyze the potential valuation of Chime, the role of late-stage investors, and the impact of market conditions on IPO decisions. The conversation further explores the increasing size of venture exits, the importance of IRR, and the strategic choices companies face between seeking private funding and going public. The hosts also delve into the impact of AI on various sectors, including the potential disruption of established SaaS companies and the evolving landscape of AI model providers, and touch on the legal battle between Rippling and Deel, offering insights into litigation strategies and settlement considerations.