The Twenty Minute VCAnthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock
Episode Details
EPISODE INFO
- Released
- September 4, 2025
- Duration
- 1h 14m
- Channel
- The Twenty Minute VC
- Watch on YouTube
- ▶ Open ↗
EPISODE DESCRIPTION
Jason Lemkin is one of the leading SaaS investors of the last decade with a portfolio including the likes of Algolia, Talkdesk, Owner, RevenueCat, Saleloft and more. Rory O’Driscoll is a General Partner @ Scale where he has led investments in category leaders such as [Bill.com](http://bill.com/) (BILL), Box (BOX), DocuSign (DOCU), and WalkMe (WKME), among others. Cliff Obrecht is the co-founder and COO of Canva, the visual-communication platform he built with Melanie Perkins and Cameron Adams, where he leads operations, monetization, and growth. He helped scale Canva from Fusion Books into a global, product-led business driving acquisitions like Pexels, Pixabay, and Flourish and champions its philanthropy through the Canva Foundation. ----------------------------------------------- In Today’s Episode We Discuss: 00:00 Intro 01:03 Anthropic Raises $13BN: The Analysis? 16:58 Is Zuck’s $14BN Scale bet the biggest blunder in AI? 25:37 Lovable Raising at $4BN and Vercel at $9BN: Justified or Madness? 35:53 Quarterly Results for Snowflake, Mongo, Okta, Zoom Skyrocket: Is B2B SaaS back from the dead? 48:38 Is Jensen Huang right there will be $4TRN in AI gains? 50:01 Will AI wipe out SaaS margins with 10% GPU taxes? Or is Notion the exception? 01:06:35 The VC Regret Pathway ---------------------------------------------------------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZ... Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast... Follow Harry Stebbings on X: / harrystebbings Follow Jason Lemkin on X: / jasonlk Follow Rory O’Driscoll on X: / rodriscoll Follow Cliff Obrecht on X: / cliffobrecht Follow 20VC on Instagram: / 20vchq Follow 20VC on TikTok: / 20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/con... ----------------------------------------------- #20vc #harrystebbings #roryodriscoll #jasonlemkin #cliffobrecht #canva #zuckerberg #anthropic #saas #ai #salesforce #jensenhuang
SPEAKERS
Rory O’Driscoll
guestVenture capitalist and investor focused on SaaS and technology businesses.
Cliff Obrecht
guestCo-founder and COO of Canva.
Harry Stebbings
hostFounder and host of 20VC (The Twenty Minute VC).
EPISODE SUMMARY
In this episode of The Twenty Minute VC, featuring Rory O’Driscoll and Cliff Obrecht, Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock explores aI mega-rounds, SaaS rebound, and the new economics of compute Anthropic’s reported growth makes its $13B raise at ~$183B post look less irrational if forward revenue expansion persists, turning a seemingly huge price into a plausible forward multiple bet.
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