20VC: Dario and Anthropic Declare War on Open-Source | Coinbase Slash AI Spend by 50% | Kalshi's $40BN Valuation and Impending IPO | Bending Spoons: Smartest IPO of 2026 and the Year for SaaS Roll-Ups

I am getting burnt out on struggling CEOs on Twitter sharing performative AI data when they're not AI companies. Like show me the money. If you can be the largest tech company on the planet and still not make money, you might have oversized your ambitions a little and it might pay to come back a bit. Software companies in the age of AI are either accelerating or irrelevant. AI is gonna be like the oil situation in the Persian Gulf today.

Poor old Warren Buffett is like, it's time for me to die because you people have lost the plot. As we record this, uh, greed will still trump fear, right? This is 20 VC with me, Harry Steppings, and today it's my favorite show of the week. Rory O'Driscoll, Jason Lemkin coming together to discuss the biggest, best news that's happened in the last seven days. This is the only podcast that you need to listen to every week to stay up to date on what matters in tech.

But before we dive into the show today, let me tell you about Omni. It's an AI analytics platform and it solves a problem every scaling company hits. Your team needs insights, not just data lookups, the stuff that really matters and is critical to get it right, like CAC payback periods and net dollar retention. For AI agents to act on your company data, they need your business context, your definitions, your logic, your permissions. And that's what Omni's governed context.

We already have this episode, so unlocking it is cheap and permanent: the full transcript (77 minutes, 16,749 words), segment and word-level timestamps, and .txt, .srt, .vtt and word-level JSON downloads, as many times as you like, forever.

No account needed, we create one from your checkout email. With credits it is 1 credit; packs start at 10 episodes for $5, and monthly plans are cheaper still.