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Why You Need a $1B Fund To Do Series A | SpaceX at $2TRN & Data Centers in Space | Groq's $20BN Deal

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 01:08 Anthropic vs. OpenAI: Who Is Actually Winning the Enterprise War? 15:30 SpaceX at $2 Trillion: Elon's Insane Plan to Build Data Centers in Space 24:56 Jeff Bezos' $100 Billion Fund: The End of "Doing It the Hard Way" 33:06 The $20 Billion "Acqui-hire": The Groq Deal Broken Down 40:40 Figma's Death Spiral? Why the Markets Are Terrified of AI Disruption 58:51 The Broken VC Math: Why You Need $1BN To Do Series A 01:05:56 Win or Die: The Terrifying Reality of the Unicorn "Dead Zone" ---------------------------------------------------------------------------------------------- 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 #spacex #figma #ai #vc

Jason LemkinguestHarry StebbingshostRory O’Driscollguest
Mar 26, 20261h 19mWatch on YouTube ↗

Episode Details

EPISODE INFO

Released
March 26, 2026
Duration
1h 19m
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 01:08 Anthropic vs. OpenAI: Who Is Actually Winning the Enterprise War? 15:30 SpaceX at $2 Trillion: Elon's Insane Plan to Build Data Centers in Space 24:56 Jeff Bezos' $100 Billion Fund: The End of "Doing It the Hard Way" 33:06 The $20 Billion "Acqui-hire": The Groq Deal Broken Down 40:40 Figma's Death Spiral? Why the Markets Are Terrified of AI Disruption 58:51 The Broken VC Math: Why You Need $1BN To Do Series A 01:05:56 Win or Die: The Terrifying Reality of the Unicorn "Dead Zone" ---------------------------------------------------------------------------------------------- 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 #spacex #figma #ai #vc

SPEAKERS

  • Jason Lemkin

    guest

    Founder of SaaStr and a SaaS-focused venture investor and operator.

  • Harry Stebbings

    host

    Founder and host of 20VC (The Twenty Minute VC) and venture capital investor.

  • Rory O’Driscoll

    guest

    Venture capital investor (General Partner at Scale Venture Partners) focused on software and fund/portfolio strategy.

EPISODE SUMMARY

In this episode of The Twenty Minute VC, featuring Jason Lemkin and Harry Stebbings, Why You Need a $1B Fund To Do Series A | SpaceX at $2TRN & Data Centers in Space | Groq's $20BN Deal explores aI disruption, mega-bets, and broken VC math reshape markets fast Ramp spend data suggests Anthropic is capturing most new enterprise AI spend, while OpenAI retains consumer dominance but shows strategic whiplash and reputational drag.

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