The Twenty Minute VCOpenAI's Multi-Billion Deal with AMD & Polymarket, Vercel and Supabase Raise Mega Rounds
Episode Details
EPISODE INFO
- Released
- October 9, 2025
- Duration
- 1h 32m
- 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. ----------------------------------------------- In Today’s Episode We Discuss: 00:00 Intro 01:06 OpenAI and AMD's Major Partnership 06:56 Microsoft Have F***** Up the OpenAI Partnership 16:59 OpenAI's Developer Day Announcements 30:58 Why VC is the Most Forgiving Asset Class on Price and Valuation 42:29 What Does it Take to IPO in 2025: Why Snyk Will Not IPO 58:02 Vercel Raises $300M at $9BN: Suicide Round or Strategic 01:04:59 Does King Making Really Work in Venture Capital: Legora vs Harvey 01:18:49 Chamath Raises Latest SPAC: SPACs are Back 01:21:58 Polymarket Raises $2BN at a $9BN Valuation 01:26:34 Quick-Fire Round ---------------------------------------------------------------------------------------------- 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 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 #openai #amd #nvidia #ai #SPAC #kingmaking #polymarket #vercel #supabase
SPEAKERS
Rory O’Driscoll
guestVenture capitalist and board-level investor discussing fund dynamics, portfolio strategy, and IPO/secondary market mechanics.
Jason Lemkin
guestSaaS-focused investor and founder known for SaaStr, offering operator/VC commentary on startups and venture markets.
Harry Stebbings
hostPodcast host of 20VC who moderates and steers panel discussions with founders and investors.
EPISODE SUMMARY
In this episode of The Twenty Minute VC, featuring Rory O’Driscoll and Jason Lemkin, OpenAI's Multi-Billion Deal with AMD & Polymarket, Vercel and Supabase Raise Mega Rounds explores openAI power plays, mega-rounds, and venture liquidity in AI era OpenAI’s AMD warrant deal is framed as a power-and-leverage move where OpenAI uses distribution and demand to extract upside, contrasting with NVIDIA’s ability to take equity because it holds chip monopoly power.
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