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OpenAI Kills Sora & Hits $100M ARR on Ads | Oura Going Public & Whoop Raises at $10BN

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 01:19 The "Claude Mythos" Leak: 10 Trillion Parameters 08:40 OpenAI Kills "Sora": A Massive Strategic Own Goal? 12:33 OpenAI Hits $100M in Ads: Why OpenAI Must Make Ads Work 17:58 Masa Son's $40BN Bridge Loan: Investing More Into OpenAI 20:52 Cybersecurity Stocks Tank: Is the Anthropic Panic Justified? 22:57 The Golden Age of Cyber: Why AI Agents are a "Golden Goose" for Security 28:15 Gross vs. Net: The Truth Behind AI Revenue Accounting 31:08 The "Vibe Coding" Era: Reselling Tokens and Triple-Counting ARR 42:20 Oura Going Public & Whoop Raises $500M at $10BN Valuation 52:27 Epic Games Layoffs: The Reality of the Attention Economy 56:19 The Manus Scandal: Founders Trapped in China After Meta Deal 01:02:31 The Billionaire Tax: Why the Golden Geese are Leaving California 01:08:20 Do VCs Actually Add Value? The Ron Conway vs. Matthew Prince Spat ---------------------------------------------------------------------------------------------- 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 #anthropic #sora #softbank #ai #oura

Rory O’DriscollguestJason Lemkinguest
Apr 2, 20261h 12mWatch on YouTube ↗

Episode Details

EPISODE INFO

Released
April 2, 2026
Duration
1h 12m
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 01:19 The "Claude Mythos" Leak: 10 Trillion Parameters 08:40 OpenAI Kills "Sora": A Massive Strategic Own Goal? 12:33 OpenAI Hits $100M in Ads: Why OpenAI Must Make Ads Work 17:58 Masa Son's $40BN Bridge Loan: Investing More Into OpenAI 20:52 Cybersecurity Stocks Tank: Is the Anthropic Panic Justified? 22:57 The Golden Age of Cyber: Why AI Agents are a "Golden Goose" for Security 28:15 Gross vs. Net: The Truth Behind AI Revenue Accounting 31:08 The "Vibe Coding" Era: Reselling Tokens and Triple-Counting ARR 42:20 Oura Going Public & Whoop Raises $500M at $10BN Valuation 52:27 Epic Games Layoffs: The Reality of the Attention Economy 56:19 The Manus Scandal: Founders Trapped in China After Meta Deal 01:02:31 The Billionaire Tax: Why the Golden Geese are Leaving California 01:08:20 Do VCs Actually Add Value? The Ron Conway vs. Matthew Prince Spat ---------------------------------------------------------------------------------------------- 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 #anthropic #sora #softbank #ai #oura

SPEAKERS

  • Rory O’Driscoll

    guest

    Venture investor and operator focused on technology and consumer businesses.

  • Jason Lemkin

    guest

    SaaS founder/investor (EchoSign/Adobe) and commentator on SaaS growth and venture markets.

EPISODE SUMMARY

In this episode of The Twenty Minute VC, featuring Rory O’Driscoll and Jason Lemkin, OpenAI Kills Sora & Hits $100M ARR on Ads | Oura Going Public & Whoop Raises at $10BN explores aI model leaks, OpenAI pivots, and markets debate revenue reality Anthropic’s accidental “Claude Mythos” leak is treated as both an operational embarrassment and a signal that more leaks will occur as agentic development accelerates and humans (or agents) ship faster with weaker security hygiene.

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