20VC: Cursor Raises $2.3BN: Who Wins the Coding War | Peter Thiel and Softbank Sell NVIDIA: Analysed | Why Venture Capital Will Hit $1TRN and the Opening of Retail | Why Stripe and the Best Companies Will Never Go Public

Entry price comes when time is unclear. Winning is the only thing that counts when time is huge. If you're not seeing massive TAM expansion, there's just no point in even playing as VCs. The late stage business is either the best business in the world or the worst business in the world, and there's nothing you can do to determine which it is. Coding is no longer on this extremely steep improvement path.

As the models improve in performance dramatically, people switch. To say that would be ugly would be an understatement. It would be terrifying. I mean, beyond terrifying. I think we're at a point where if there's some wobble, the magnitude of the correction will be fast and brutal.

But before we dive into the show today, you've heard me mention Guardiot before. They protect millions of people from phishing, scams, and online threats, but now something genuinely exciting has happened. Lovable, one of the fastest growing AI platforms, just integrated Guardio directly into their gen AI chain. What that means? Every single site built with Lovable now gets scanned in real time.

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