The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Anthropic Wipes Billions Off Markets | Citrini Research: The Ultimate Breakdown: Agents, "Ghost GDP", Consumer Spend etc. | Figma Earnings Beat & Four Public Stocks to Buy | Jack Altman Joins Benchmark
601 snips
Feb 26, 2026 
Rory O'Driscoll, enterprise software investor and market strategist; Jason Lemkin, SaaS founder and investor behind SaaStr. They dissect Anthropic's security product and market shock. They debate whether agents will shrink SaaS incumbents and if consumer delegation can replace services like DoorDash. They unpack Citrini's "ghost GDP" idea, Figma's AI-powered rebound, public stock picks, and Jack Altman joining Benchmark.
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Public B2B Lacks Successful Agent Products
- Public B2B leaders largely haven't produced competitive agent products that boost revenue; Palantir is the lone exception.
- Despite AI hype, no other public B2B company has shown agent-driven revenue acceleration yet.
Don't Underestimate Agent Implementation Effort
- Expect agent deployment to be labor-intensive: every effective agent needs custom training, onboarding, and cleaned data.
- Companies lacking forward-deployed engineers and trained staff will struggle to deliver great agents at scale.
Agents Can Maim Incumbent Software Companies
- Owning the category agent is existential: if agents capture enough value in your vertical, incumbents can be maimed even if startups or Claude build them.
- The core danger is value flow away from incumbents to whoever controls the agentic layer.