The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

Mitchell Green is a legendary growth equity investor and the Founder and Managing Partner of Lead Edge Capital, a firm with over $5 billion in assets under management. Known as a relentless "money maker", Mitchell has led investments in the likes of Bytedance, Toast, Procore, Duo Security and more.
AGENDA:
0:00 The SaaS Apocalypse: Why Incumbents Aren't Going to Zero
05:50 "Dead Money": Why Public Software Estimates Were Too High
08:15 Leverage is the Enemy: Lessons from the 1999 Retail Crash
11:50 The Truth About Growth Equity: Zeroes vs. 10X Returns
15:40 Mainframes to AI: Why Oracle and SAP Will Thrive
20:35 The "Stock-Based Comp" Scandal: Silicon Valley's Hidden Crime
24:35 ByteDance vs. The World: Why China Could Win the AI War
31:50 Selling is the Job: Why Buying is the Most Glamorous Part of VC
35:45 Too Many Tourists: Why 50% of VCs Shouldn't Be in the Business
44:10 The Gross Dollar Retention Rule: The Only Number That Matters in SaaS

AGENDA: 
04:13 Anthropic vs The Pentagon: Who Wins
13:54 Was Sam Altman Wrong to Take the Deal 
24:28 OpenAI's $110BN Mega Round: The Breakdown
28:22 Who Has a Bigger Valuation Premium: Sam Altman or Elon Musk
34:38 Why We Got the SaaS Apocalypse Wrong?
43:24 Why Salesforce Could be the Best Buy in Public Markets
47:46 Block Lays Off 40% of Team: AI or Overhiring
01:00:16 Cursor Hits $2BN in ARR… so not Dead?
01:18:15 How to Pick Winners in AI?

Monday has been hit harder than almost any other public SaaS company. With $1.3BN in ARR, the company is valued at just $3.8BN; a more than 60% fall since IPO. Today, Eran Zinman, Monday's CEO joins Harry Stebbings in the hotseat to walkthrough six of the biggest threats to Monday's business; what is real, what is not and what are the unknowns. 
AGENDA:
05:47 Six Threats Monday Faces Today 
07:04 Threat #1: Vibe Coding: Will Companies Vibe Code Everything
11:24 Threat #2: Will OpenAI and Anthropic Own the Application Layer 
13:52 Threat #3: Will Agents Turn Monday and Salesforce into a Database
18:43 Why is Monday Adding 15% Headcount When Everyone is Cutting?
21:40 How Monday is Using AI to be More Efficient
27:49 What Happens to Seat Pricing? What Comes Next?
34:17 What No One Sees About Enterprise AI Adoption
37:13 How Google AI Overview Smashed 10% of our Customer Acquisition
38:49 If Bullish on Monday, Why Has Eran Not Bought More Stock…
40:38 How to Manage Internal Morale When Stock is Down 60%
44:08 Do Private Companies Have Advantages Public Companies Do Not Have
47:28 With $1.5BN in Cash, Why is Eran Not Buying More Companies…
53:30 What is the Most Offensive Bet Eran Would Like to Take?
57:13 Quickfire: Marriage, Biggest Short, Mentors

Jerry Murdock is the Co-Founder of Insight Partners, one of the most formidable growth investors of the last three decades, with over $90 billion in AUM and a portfolio that has shaped the modern software economy. Jerry never does podcasts, and so this is his first-ever long-form interview. 
AGENDA:
03:50 There is an AI Tsunami Beginning
05:43 Cursor is F***** and Everyone Knows It
07:28 How Open Source Will Crush in an Agent First World
10:20 Is NVIDIA F****
17:32 Are Systems of Record Dead in an Agent-First World
21:04 Humans Will Not Buy Software, Agents Will…
24:57 Universal Basic Income Will Have to Happen, Mass Unemployment is Coming
30:54 What Happens to Tech Private Equity: Is Thoma Bravo F******
37:50 What Single Decision Does Jerry Regret Most… Why?
41:45 Single Biggest Mistake With Insight… What Did Jerry Learn?
45:26 Why is Now the Best Time to Start a Fund
47:03 The Twitter Bet that Made $90BN Insight
49:34 Biggest Marriage and Parenting Advice
56:04 Will Agents Help Us Live Forever

AGENDA:
03:55 Anthropic Security Product Wipes Billions Off Public Markets
11:17 Do Agents Turn SaaS Incumbents into Valueless Databases
22:07 Anthropic Secondary Sale Makes Hundreds Decamillionaires
23:20 Citrini Research Piece: Everything You Need To Know
26:04 Will DoorDash Be Replaced by Agents
34:22 Will "Ghost GDP" Soften Consumer Spending Power
42:46 Why No Public Company Has Created a Good Agent Product
47:19 Is Tech Private Equity and Thoma Bravo F***** in this Market
51:05 OpenAI Massively Increases Spending Plans: Analysis
56:24 Figma Fights Back: Earnings Through the Roof
01:02:12 Momentum Versus Value: Four Public Stocks to Buy
01:09:30 Jack Altman Joins Benchmark Capital