The Twenty Minute VCWill Cursor Kill Figma? Lightspeed Raises $9B & OpenAI’s $1B from Disney & #1 App in App Store
Episode Details
EPISODE INFO
- Released
- December 18, 2025
- Duration
- 1h 21m
- 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 Lightspeed's $9 Billion Fundraise 06:20 The Impact of Mega Funds on Seed VCs 11:28 The Supercycle of Growth and Late-Stage Investments 14:01 Disney Invests $1BN into OpenAI and What It Means 21:46 Oracle Hit Hard: Is Now the Time to Buy 27:23 Broadcom's Market Cap Drop and Anthropic's AI Chip Orders 34:40 Cursor Competes with Figma: The Convergence of Design & Coding Tools 47:02 The Biggest Danger for Incumbents: Being Maimed by AI 56:43 Boom Supersonic Raising $300M to… Power Data Centres… WTF 01:02:23 Will SpaceX IPO at $1.5TRN and The Elon Option Value 01:17:17 Would You Rather… ---------------------------------------------------------------------------------------------- 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... ----------------------------------------------- #20vc #harrystebbings #roryodriscoll #jasonlemkin #openai #spacex #lightspeed #disney #figma #cursor #elonmusk
SPEAKERS
Rory O’Driscoll
guestVenture capital investor focused on technology investing and market analysis.
Jason Lemkin
guestSaaS founder and investor, known for founding SaaStr and advising cloud/software companies.
Harry Stebbings
hostFounder and host of The Twenty Minute VC (20VC), interviewing top venture and tech leaders.
EPISODE SUMMARY
In this episode of The Twenty Minute VC, featuring Rory O’Driscoll and Jason Lemkin, Will Cursor Kill Figma? Lightspeed Raises $9B & OpenAI’s $1B from Disney & #1 App in App Store explores mega-funds, AI platform shifts, and SpaceX’s valuation narrative collide Lightspeed’s $9B raise is framed as a multi-stage play where seed pricing matters less than securing access to later, concentrated bets on potential $100B+ outcomes.
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