The Twenty Minute VCNVIDIA Crushes Quarter | OpenAI Cuts Off Cursor | Instinct Hits $2.5B Valuation
Episode Details
EPISODE INFO
- Released
- September 3, 2026
- Duration
- 1h 20m
- 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 01:06 - NVIDIA Crushes Another Quarter 07:36 - Why NVIDIA Wants to Buy Hugging Face 10:44 - Why OpenAI Cut Off Cursor 15:29 - AI Agents and the New Cybersecurity Risk 21:54 - Should You Trust AI Agents With Your Credit Card and Email? 37:08 - Cognition at $46BN: Did We Underestimate Coding TAM? 41:33 - Does Every Startup Have to Become a Compound Company? 47:47 - Are European Startups Underfunded for the AI Race? 50:53 - Are VCs Really Kingmaking AI Winners? 55:03 - Can Salesforce Survive the AI Transition? 01:06:22 - Why Clay Could Be Cheap at $7BN 01:12:46 - The Bull Case for Linear at $2.5BN 01:15:31 - What Happens When AI Agents Choose the Software They Buy? ---------------------------------------------------------------------------------------------- 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 #nvidia #huggingface #cursor #openai #instinctai
SPEAKERS
Rory O’Driscoll
guestVenture capitalist and investing panelist focused on technology and AI markets.
Jason Lemkin
guestSaaS founder and investor known for operator-focused commentary on startups and venture.
Harry Stebbings
hostFounder and host of 20VC, interviewing and moderating discussions with venture and tech leaders.
EPISODE SUMMARY
In this episode of The Twenty Minute VC, featuring Rory O’Driscoll and Jason Lemkin, NVIDIA Crushes Quarter | OpenAI Cuts Off Cursor | Instinct Hits $2.5B Valuation explores nVIDIA’s compute boom meets agent hacking, platform breakups, and compound startups NVIDIA’s record quarter and aggressive forward guidance are framed as the consequence of extreme, continuing compute demand, with the true systemic risk pushed to whether end-customer AI consumption keeps scaling fast enough to justify hyperscaler spend.
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