The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Harry Stebbings
The Twenty Minute VC (20VC) interviews the world's greatest venture capitalists with prior guests including Sequoia's Doug Leone and Benchmark's Bill Gurley. Once per week, 20VC Host, Harry Stebbings is also joined by one of the great founders of our time with prior founder episodes from Spotify's Daniel Ek, Linkedin's Reid Hoffman, and Snowflake's Frank Slootman.
If you would like to see more of The Twenty Minute VC (20VC), head to www.20vc.com for more information on the podcast, show notes, resources and more.
If you would like to see more of The Twenty Minute VC (20VC), head to www.20vc.com for more information on the podcast, show notes, resources and more.
Episodes
Mentioned books
127 snips
Mar 28, 2026 • 53min
20VC: The Venture Model is Broken | You Need to be Greedy and Selfish to Win Early Stage Investing | Why Margins Do Not Matter for Early-Stage Startups | The Growth Rate that is Required in a World of AI with Gili Raanan, Founder @ Cyberstarts
Gili Raanan, founder of Cyberstarts and longtime cybersecurity investor, gets into why venture math may be breaking, the madness of $150M seed rounds, and why early investors must stay ruthless on price. He also explores extreme startup growth, created versus existing markets, AI-era margins, mega funds, secondaries, and the tensions between LPs and VCs.
237 snips
Mar 26, 2026 • 1h 18min
20VC: Why You Need a $1BN Fund To Do Series A Today | OpenAI vs Anthropic: Who Wins Enterprise | SpaceX at $2TRN and Data Centers in Space | The $20BN Groq Deal Broken Down | Jeff Bezos' $100BN New Fund
Rory O’Driscoll, a Scale Venture Partners investor in enterprise software, joins Jason Lemkin, SaaStr founder and SaaS investor, for a sharp look at AI and venture. They spar over Anthropic vs OpenAI in enterprise, SpaceX and data centers in space, the eye-popping Groq deal, Figma’s AI fears, and why Series A now demands massive funds.
233 snips
Mar 23, 2026 • 54min
20VC: Inside Anduril's $20BN Army Contract & Why Anduril Must Go Public | Why 99% of Drone Companies Will Die | Why There is Never an Ethical Question of How Anduril Products are Used with Matthew Steckman, President @ Anduril
Matthew Steckman, President and Chief Business Officer at Anduril, previously led teams at Zipline and Palantir, gets into the real meaning of Anduril’s $20BN Army contract. He talks about why most defense startups misread the market, why government sales are so brutal, why drone markets may shrink to one winner, and why Anduril believes going public matters.
305 snips
Mar 21, 2026 • 1h 3min
20Sales: Inside Figma's $1BN ARR Revenue Machine | Why We Do Not Have Customer Success or SDRs | Why I Do Not Believe in Sales Quotas with Shaunt Voskanian, CRO @ Figma
Shaunt Voskanian, CRO at Figma and former Datadog sales leader, breaks down how Figma built a $1BN ARR revenue engine. He gets into why PLG still needs strategic sales, why customer success and SDRs are being rethought, when teams should step in earlier, and why quotas, hiring, and rep evaluation need a full reset.
401 snips
Mar 19, 2026 • 1h 15min
20VC: The Return of Travis Kalanick: Uber Would Be $1TRN Today With Him | NVIDIA Predicts $1TRN in Revenue: Everything You Need to Know From GTC | Anduril Lands $20BN Army Contract | Adobe CEO Shock Exit: The Dominos Falling
Rory O’Driscoll, a veteran software investor, and Jason Lemkin, SaaStr founder and EchoSign creator, dig into NVIDIA’s AI spending story, layoffs and the rise of AI-fluent hiring, Anduril’s huge Army win, whether Travis Kalanick could have made Uber a trillion-dollar giant, founder replacements, and why Adobe’s leadership shake-up has the market watching closely.
720 snips
Mar 16, 2026 • 1h 18min
20VC: The 8 Moats of Enduring Software Companies: How to Analyse for Durability and Defensibility in a World of AI | Why Dropouts are "AI Maxing" the World & Remote Early-Stage Companies are Dying with Gokul Rajaram
Gokul Rajaram, operator, angel investor, and Marathon founder, dives into what makes software companies durable in the age of AI. He breaks down eight moats, why brand is weakening, and why AI winners must rebuild the full product experience. Plus: outcome-based pricing, zombie startups, venture pricing traps, and why AI-maxed dropouts may have the edge.
551 snips
Mar 14, 2026 • 1h 9min
20Growth: Inside Lovable's $400M ARR Growth Machine | How Lovable Does Product Launches | How Lovable Hacks Social To Make Posts Go Viral | How Lovable Makes Every Employee a Brand with Elena Verna
Elena Verna, growth leader who scaled Dropbox, Miro and now Lovable, shares how trust and employee-led social beat ad spend. She discusses product launches, making every employee a marketer, viral social hacks, out-of-home and creator strategies, and why monetization and AI-native models need fresh thinking.
376 snips
Mar 12, 2026 • 1h 14min
20VC: Anthropic vs The Pentagon: Who Wins | The Ultimate Stock Picks: What to Buy | The Data Centre Arms Race: Is the Capex War Stalling | The Era of Public Company Deceleration is Dead
Jason Lemkin, SaaS investor and founder, and Rory O'Driscoll, deep-stage venture partner, debate Anthropic vs the Pentagon and the legal, sales, and IPO ripples. They unpack the data-center capex race and whether hyperscalers are overbuilding. They also explore agent-led B2B growth, the vanishing of junior roles, and their top public stock picks.
377 snips
Mar 9, 2026 • 1h 3min
20VC: Inside Accel's $4BN Growth Investing Machine | Cursor is Dead is Total BS: Here is Why | What Missing Rippling and ElevenLabs Taught Us | Are $2BN-$10BN IPOs Dead | Why Now is a Great Time to be Thoma Bravo with Miles Clements
Miles Clements, Partner at Accel who leads its growth practice and backs companies like Atlassian and Linear. He debates the “Cursor is dead” narrative, explains why bespoke models can make sense, and describes how Accel sizes investments across stages. Short takes cover missed opportunities like ElevenLabs, when to cash out, and why founder-led, multi-stage strategies matter.
1,025 snips
Mar 7, 2026 • 1h
20VC: Why the SaaS Apocalypse is BS | Why China Will Win the AI War | Why 50% of VCs Should Not Exist and are Tourists | Why Stock-Based Comp is the Hidden Sin of the Valley with Mitchell Green, Lead Edge Capital
Mitchell Green, growth equity investor and founder of Lead Edge Capital, who backed ByteDance and Toast, explains why SaaS incumbents won’t vanish. He argues AI empowers sales and ops, warns about stock-based comp dilution, and predicts China’s strengths in AI. He also critiques too many VCs and shares rules for buying, selling, and sizing growth bets.
