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

20VC: Mercor CEO on Why Application Layer Companies Have No Defensibility, The Model is the Product | Token Spend Will Exceed Headcount Spend in 5 Years | The True Cost of Hiring AI Researchers in the Valley Today with Brendan FoodyBrendan Foody is the Founder and CEO @ Mercor, one of the leading data providers to the largest labs on the planet including OpenAI. In the last two years, Brendan has scaled the company to $1.5BN in ARR and a valuation of $10BN. AGENDA: True or False: • Mercor lost Meta and OpenAI as a customer with the hack? • • Mercor has been poaching competitor talent, paying them millions? • • Mercor revenue is not real revenue and is only GMV? • 12:56 Would Brendan sell Mercor for $30 billion? 14:23 Why everyone is wrong that AI will lead to labor displacement? 15:59 We will create many new jobs that do not exist with AI. 16:59 Why training agents will be a massive labor category that does not exist today 19:51 Will we see the data provider market unbundle and specialize into verticals? 22:24 Is the stated revenue really revenue or is it really GMV? 27:55 How a 1 million ARR company secured one of the best investors in the world with a helicopter ride 29:41 How Felicis secured the deal of the decade with a race track and a set of Ferraris 32:59 Which investment round felt like the highest price to grow into? 34:49 Why will value accrue to the infrastructure layer, not the application layer, in the next 12 months? 35:46 Why the model is the product and why application layer companies should be scared as a result 37:22 Why network effects will be the determinant of value creation 38:46 Why the forward-deployed motion, not the GTM motion, will determine true value creation. 41:59 Why token spend within organizations is going to continue to increase 43:54 Why agent evaluation to commoditize the model layer will be a massive business for enterprises? 51:13 Why we should have increased capital gains tax 01:01:31 How to compete with $20 million a year from Meta? 01:08:49 Will Mercor go public and when?

1465|1T 15M

20VC: Turning Peter Thiel's $100K into $10M Angel Portfolio | The One Man Accelerator at The Four Seasons | Why VCs Can Be Sharks and What Founders Need to Know | Why Stocks and Cash are BS and You Should Invest in Land with Josh BrowderJosh Browder is my favourite emerging manager. As the Founder of Browder Capital he has been the first check into unicorns like Micro1, Owner.com and Yuzu Health to name a few. He turned his Thiel Fellowship Grant of $100K into a whopping $10M angel portfolio. All new investments move into Josh's Four Seasons Residence where he then trains them on company building. They are only allowed to leave when they raise their seed round. In addition to this, Josh is the Founder & CEO @ DoNotPay, the now profitable company that has raised $22M from Marc Andreessen and others. AGENDA: 00:00 Why I believe young founders make the best founders 02:10 What do I look for in founders I'm investing in? 10:00 How I test for founder commitment pre-investment 11:00 What do I want to see in the childhoods of the entrepreneurs that I back? 12:05 Why I make founders live with me in my Four Seasons residence after investing 14:00 There are three reasons why pre-seed companies fail and how I solve for them 15:45 What do I look for in a team to assure me they will last? 16:50 Is $5 million post still attainable in this world? 17:15 Should we be worried about the increasing levels of fraud at the early stages? 18:10 Which Silicon Valley investor was the most impressive? 20:00 Do VCs really add value? 20:50 Does university carry less value than ever and should founders drop out if they have a dream and an idea? 24:00 The advice of one lawyer changed the entire trajectory of this multi-million dollar company 28:10 I would never invest in someone that I met over Zoom 29:20 Are all the best founders you invest in delusional? 31:10 What is the biggest benefit of being a Thiel Fellow? 36:20 The problem of accelerators and why artificial constraints can enforce quality 38:20 How we used Mark Zuckerberg's house as a viewing instrument tool to get users 41:20 My pre-seed cheque in Micro One is now worth hundreds of millions and my lessons 43:20 The biggest mistake VCs are making in assessing founders 44:10 Why I will never tell the entrepreneur what to build and why I place little value on ideas 47:00 Why kingmaking is real and why you should accept half the price from a tier one firm 49:00 My biggest lessons on reserve investing 53:00 Why price rounds are bullshit and we should do more SAFEs 54:20 What all founders need to know about signing with a VC 55:10 Single biggest advice to founders on how to get the best price 57:30 What role does not exist today that will be massive in five years' time? 59:10 Stocks are bullshit. Cash is bullshit. I put my money in land. My personal investing strategy 1:01:00 Why the Trump administration is unwaveringly good for US business 1:03:20 Why competitive markets are the best investments 1:05:40 The serendipity of San Francisco is unmatched 1:08:10 What things does no one know about Marc Andreessen that everyone should know?

1459|1T 29M

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

Episodes

Lyt når som helst, hvor som helst

Andre har også lyttet til ...