20VC: Tiger Global Saved by OpenAI | Coatue's New Fund: Hype or Substance | Why SBF is the Greatest Investor of the Last 5 Years | Why Big Funds are Investing in Perplexity
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The fact that Sam invested early in Antropic and Cursor is astonishing. I think the weirdest thing in this is that for OpenAI, you have a CEO and now another CEO that are both not technical. I just think it's really weird. Microsoft laid off three, three, three percent of their company today. It's not enough.
I'm not sure I need 80% of my team today. So I would armor up if I were Clay. I would hire everybody, I would raise another 100 million, and I would just scorch earth everyone in the space. What perplexity is selling from an investor perspective is an at-bat, a credible one in three, not equally weighted, to be clear. OpenAI is clearly going to win, but maybe you can be third, and that's worth a damn side if the prize is a trillion bucks.
That's what they're selling. This is 20 VC with me, Harry Stebbings. This show was just the funnest to record. These are always the highlights of my week to record. In the show today, we discuss OpenAI's new CEO.
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