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Enterprises Fear Frontier Models | Sam Altman Offers Trump 5% of OpenAI | DeepSeek Builds Own Chips

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 (BILL), Box (BOX), DocuSign (DOCU), and WalkMe (WKME), among others. ----------------------------------------------- Timestamps: 00:00 Intro 01:10 Washington Lifts the Claude Fable Five Ban 03:58 OpenAI Offers the US Government a 5% Stake 13:18 Why This Could Invite Much More Than 5% Government Control 22:14 DeepSeek Building Its Own Chip & Anthropic Talking to Samsung 36:22 Meta Launches Cloud Business — Plan B or Masterstroke? 42:55 Nvidia's "Compute Now, Pay Later" Scheme 50:32 Kling Raises $2.8B at $18B — Why Did Sora Fail Where Kling Didn't? 57:46 Open Source Plateau: Are Cheaper Models Actually Delivering Results? 1:07:16 Microsoft & Amazon Embed Engineers in Enterprise 1:17:04 Ashton Kutcher Leaves Sound Ventures 1:21:19 ElevenLabs at $22B ---------------------------------------------------------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZ... Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast... Follow Harry Stebbings on X: https://x.com/harrystebbings Follow Jason Lemkin on X: https://x.com/jasonlk Follow Rory O’Driscoll on X: https://x.com/rodriscoll Follow 20VC on Instagram: https://www.instagram.com/20vchq Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/con... ----------------------------------------------- Legal Disclaimer: The content of this podcast is for informational and entertainment purposes only and does not constitute financial or investment advice. Any discussion of stocks, public markets, or investment strategies reflects the personal opinions of the speakers and should not be relied upon when making investment decisions. Figures, valuations, and financial data referenced may be estimates or subject to error. Always consult a qualified financial adviser before making any investment decision. The views expressed are those of the individual speakers and do not represent the views of 20VC or its affiliates. ----------------------------------------------- #20vc #harrystebbings #roryodriscoll #jasonlemkin #openai #trump #deepseek #anthropic #meta #ashtonkutcher

Rory O’DriscollguestHarry StebbingshostJason Lemkinguest
Jul 9, 20261h 27mWatch on YouTube ↗

Episode Details

EPISODE INFO

Released
July 9, 2026
Duration
1h 27m
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 (BILL), Box (BOX), DocuSign (DOCU), and WalkMe (WKME), among others. ----------------------------------------------- Timestamps: 00:00 Intro 01:10 Washington Lifts the Claude Fable Five Ban 03:58 OpenAI Offers the US Government a 5% Stake 13:18 Why This Could Invite Much More Than 5% Government Control 22:14 DeepSeek Building Its Own Chip & Anthropic Talking to Samsung 36:22 Meta Launches Cloud Business — Plan B or Masterstroke? 42:55 Nvidia's "Compute Now, Pay Later" Scheme 50:32 Kling Raises $2.8B at $18B — Why Did Sora Fail Where Kling Didn't? 57:46 Open Source Plateau: Are Cheaper Models Actually Delivering Results? 1:07:16 Microsoft & Amazon Embed Engineers in Enterprise 1:17:04 Ashton Kutcher Leaves Sound Ventures 1:21:19 ElevenLabs at $22B ---------------------------------------------------------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZ... Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast... Follow Harry Stebbings on X: https://x.com/harrystebbings Follow Jason Lemkin on X: https://x.com/jasonlk Follow Rory O’Driscoll on X: https://x.com/rodriscoll Follow 20VC on Instagram: https://www.instagram.com/20vchq Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/con... ----------------------------------------------- Legal Disclaimer: The content of this podcast is for informational and entertainment purposes only and does not constitute financial or investment advice. Any discussion of stocks, public markets, or investment strategies reflects the personal opinions of the speakers and should not be relied upon when making investment decisions. Figures, valuations, and financial data referenced may be estimates or subject to error. Always consult a qualified financial adviser before making any investment decision. The views expressed are those of the individual speakers and do not represent the views of 20VC or its affiliates. ----------------------------------------------- #20vc #harrystebbings #roryodriscoll #jasonlemkin #openai #trump #deepseek #anthropic #meta #ashtonkutcher

SPEAKERS

  • Rory O’Driscoll

    guest

    Venture investor and frequent panelist providing analysis on AI markets, policy, and company/board dynamics.

  • Harry Stebbings

    host

    Founder and host of 20VC, interviewing investors and operators on technology and venture capital.

  • Jason Lemkin

    guest

    Founder of SaaStr and investor focused on SaaS and startup scaling, often speaking from operator/board experience.

EPISODE SUMMARY

In this episode of The Twenty Minute VC, featuring Rory O’Driscoll and Harry Stebbings, Enterprises Fear Frontier Models | Sam Altman Offers Trump 5% of OpenAI | DeepSeek Builds Own Chips explores aI regulation, government stakes, chips, compute economics, and enterprise adoption realities Washington lifting the short-lived “Fable Five” ban is framed as a symbol of a new era where frontier AI shipping may require structured government pre-approval rather than the historically permissive software environment.

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