20VC: Instinct Raises $1B at $10B Valuation | AMD Buys Fei-Fei Li's World Labs for $8.2B | Meta Poaches MongoDB's CEO | Bessemer Raises $5.75B | Oura Pulls IPO & Nubank Eyes $8–12B Monzo Takeover

I taught you tiptoe in and I gotta hand it to you. No, when we're embracing this thing, we're fucking embracing it. It's 10 billion pre pre-revenue big ass check. No mincey little little steps here. It's all in on day one. So congratulations. It's like coming off the dry and invasing the booze. We're definitely not investing at the right speed. We are either investing way too fast or way too slow. Returns are going to be highly skewed, variance is going to go up with AI, and many of you will fail. There are like ten companies that can do ten billion dollar acquisitions and want to. Money is a signal, price is a signal, and price is sending a signal, everybody go right here. It's a talent war in the most insane way right now. I think open source has reached its maximum as a market share. I think it's gonna keep co go going down.

No one wants to run on open source models there. At least Chinese China based. Nobody. It's kind of all just gonna come down to like who's got the compute. Even a billion starts to sound small for seed funds if you believe thirty million is a seed if we're willing to fucking trust them not to blow up the world, and they've already said they might, and it's only a ten percent chance, I think we can trust them to with the votes. This is 20 VC with me, Harry Steppings. It's my favorite show of the week. Rory O Driscoll, Jason Lamkin, and a special guest in Jack Altman from Benchmart joins us in the hot seat. So what do we have on the cards today? Well, Anthropics draft S1 lease, we break that down. AMD, baby, they are in the market to buy. Fei Fey Lee's world lab sells to AMD for 8.2 billion in stock, and then Caching, Mr. Mark Zuckerberg, decides to whack out the chat book to hire MongoDB's CEO and pinch him for Muse Enterprise, this and so much more in a blistering episode out today. But before we dive into the show today. When you're building a company, you learn that trust is what closes deals. You may have the best product, but no buyers will sign these days without proof of your security. Here's what happens if you're not prepared.

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