20VC: a16z Raises $10BN in New Funds | Mercor Raises $350M at a $10BN Valuation | OpenAI Restructuring: Who Wins and Who Loses | Why IRR is a BS Metric and Three Ways to Win in VC Today
Listen to the original audio · Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
I just can't think of a of a retail IPO that would be more popular than OpenAI. To me, going from $23 billion to $30 billion, I don't even consider it an up round. It's not enough. If they really have gone from 100 to 150 in less than six months, then I can make this conversation really quick. There's no way they should sell.
And recent Hurts is the Red Army of The venture industry. What you're basically saying is, worry, you can win a deal, not because I've grafted for 30 years and return, you know, frankly, billions of dollars to my investors, but because I'm on a fucking pod. If that sentence is true, if that sentence isn't true, then 100% Mark Andreessen was right all along. I think Bezos would lay off half his company in in a in a fortnight if it was the right thing.
I don't think you even care. Andreessen Horowitz is the red army of the venture industry. I think that has to be the quote of this series. This is my favourite show of the week. How can you not listen to that intro and just be like, I want to listen to this show?
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