Why the companies of the future will have specialized models trained on their own data “You are creating value for the model company versus...

Will the majority of tokens flow through open or closed models? “My suspicion is that there will always be a market for frontier. There wil...

Why Steve Jurvetson is my favorite investor meeting “I had a meeting with @FutureJurvetson, and I was nervous as hell because I had heard s...

You need to have a trust system outside of the model providers that you can rely on. “The models are becoming more and more capable. One of...

You have to remember, I started 20VC as an 18-year-old in a bedroom in London. I had literally nothing and did not know anyone in tech.  Th...

Why agentic coding is overrated and an univestable category “I actually do think that agentic coding is quite overrated in terms of a marke...

Where is the value in the robotics stack? “I do not think the value will be in the model. I think they are probably going to end up buildi...

Is it completely techno-optimist to assume that companies will own their own intelligence with their own specialized models? “I think it is...

Are software investors f***ed? “If you are a pure software investor, you are kind of fucked. SaaS, I do not think, is going to be where you...

I think @NaveenGRao is one of the most under-discussed but brilliant entrepreneurs of our time. He is able to consistently see where a mark...

How big is the market for inference truly? “You look at the four or five key inference providers, and when you add them all up, they are pl...

Why build to production is where all the money will be made. “Build to prod is the biggest category. It works in dev, it looks great, but h...

Why code review is the single most important category in software “I actually think code review is the single most important category today...

Why the best markets for app layer companies do compete directly with the models “The best markets for standalone AI apps, the ones with th...

Why are CoreWeave and Oracle B-tier and what does that mean for their price volatility? “Any bump with Anthropic, OpenAI, or anywhere, Core...

The real question to ask on CoreWeave “The real question is: how does the demand compare relative to what these guys are spending? If your...

Four months after starting 20VC, I was interviewing for an analyst role at a Tier 1 firm. I was 18 and I had done 12 20VC shows. The condi...

Why fundraising is back to being a numbers game “You have got to meet every VC. You have got to meet 100. It is like the old days. You wil...

I get more messages about this podcast every week than anything else I do. We all want to look and sound smart in the investment committee ...

This post is an emotional one to write. I started 20VC from a bedroom in London, as an 18-year-old, with no money and no contacts. Today...