Will Cursor Kill Figma? Lightspeed Raises $9B & OpenAI’s $1B from Disney & #1 App in App Store

In a panel discussion, Harry Stebbings, Jason Lemkin, and Rory O’Driscoll analyze venture capital trends, including Lightspeed's $9 billion fundraise and its implications for seed VCs. They explore the competitive late-stage investment landscape, the impact of companies staying private longer, and the potential of OpenAI and ChatGPT. The conversation shifts to Oracle's stock plunge, Broadcom's market cap loss, and Apollo's prediction of zero public equity returns. They also discuss Anthropic's AI coding tool, the convergence of design and coding platforms, and the potential for AI to transform customer journeys. Finally, they examine Boom Supersonic's engine sales to data centers, the possibility of a SpaceX IPO, and the importance of kindness in business, using Peter Thiel's relationship with Elon Musk as an example.