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20VC: $3.5BN - The Price Zuck Paid for Thinking Machines Co-Founder | Goldman Sachs Acquires Industry Ventures for $665M | Softbank Borrows $5BN Against ARM Holding to Invest More Into OpenAI

Overview

Shownote

Highlights

Transcript

Chapters

Pins

20VC: $3.5BN - The Price Zuck Paid for Thinking Machines Co-Founder | Goldman Sachs Acquires Industry Ventures for $665M | Softbank Borrows $5BN Against ARM Holding to Invest More Into OpenAI

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

Oct 16
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

Oct 16
OverviewShownoteHighlightsTranscriptChaptersPins

Shownote

AGENDA: 03:44 Rory Is So Old He Worked with Arthur Rock!!! 07:28 Goldman Sachs Acquires Industry Ventures for $665M 16:37 Thinking Machines Co-Founder Raises $2BN and Then Leaves for Meta 29:36 SoftBank Goes for $5BN Leverage Against ARM Stock To Buy M...

Highlights

In this episode, the conversation delves into the evolving landscape of venture capital and tech investment, exploring high-stakes financial decisions, shifting founder incentives, and the strategic moves of major players like SoftBank and Goldman Sachs. The discussion navigates the tension between liquidity and long-term growth, while examining how structural changes in the market are reshaping what it means to build and scale technology companies.
15:03
Asset-gathering businesses are more monetizable than partner-dependent venture firms
21:30
Founder commitment is the best downside protection, not liquidation preferences.
39:01
Advances in processing efficiency won't relieve AI infrastructure pressure as more tokens are burned.
42:00
Technology diffuses at different rates across enterprise domains.
46:26
Bettors care about payment ability, not who funds the platform.
59:44
Early winners in venture capital often don't become long-term outliers.

Chapters

Weighing Wealth: Liquid vs. Illiquid Tech Stakes
00:00
Rory Is So Old He Worked with Arthur Rock!!!
03:44
Goldman Sachs Acquires Industry Ventures for $665M
07:28
Thinking Machines Co-Founder Raises $2BN and Then Leaves for Meta
16:37
SoftBank Goes for $5BN Leverage Against ARM Stock To Buy More OpenAI
29:36
More Data Centres Than Offices: Are We In a Bubble
39:35
Where is the Alpha in Venture in 2025
43:28
What 90% of Managers Get Wrong About Portfolio Management
51:48

Transcript

Harry Stebbings: Everything in life you can price as an option. In the face of unprecedented wealth, I'm shocked to discover that most people behave badly. I don't know, man. Something's broken in, I think, the way that we're evolving as humans. If everyth...