Thinking Machines Co-Founder Joins Meta for $3.5BN, Industry Venture's $665M Acquisition

Roger Ehrenberg is a leading seed investor, founder of IA Ventures, and now runs Game Changers Ventures, a $100M fund investing at the intersection of sports, media, entertainment & technology.

Jason Lemkin is one of the leading SaaS investors of the last decade with a portfolio including the likes of Algolia, Talkdesk, Owner, RevenueCat, Saleloft and more.

Rory O’Driscoll is a General Partner @ Scale where he has led investments in category leaders such as Bill.com (BILL), Box (BOX), DocuSign (DOCU), and WalkMe (WKME), among others.
-----------------------------------------------

Timestamps:

00:00 Intro
00:51 Pre-Show Chat: Rory Is So Old He Worked with Arthur Rock!!!
04:42 Goldman Sachs Acquires Industry Ventures for $665M
14:45 Thinking Machines Co-Founder Raises $2BN and Then Leaves for Meta
30:05 SoftBank Goes for $5BN Leverage Against ARM Stock To Buy More OpenAI
33:41 More Data Centres Than Offices: Are We In a Bubble
46:27 Where is the Alpha in Venture in 2025
57:19 What 90% of Managers Get Wrong About Portfolio Management

----------------------------------------------------------------------------------------------

Subscribe on Spotify:
https://open.spotify.com/show/3j2KMcZ...

Subscribe on Apple Podcasts:
https://podcasts.apple.com/us/podcast...

Follow Harry Stebbings on X:
https://x.com/harrystebbings

Follow Jason Lemkin on X:
https://x.com/jasonlk

Follow Rory O’Driscoll on X:
https://x.com/rodriscoll

Follow Roger Ehrenberg on X:
https://x.com/infoarbitrage

Follow 20VC on Instagram:
  / 20vchq  

Follow 20VC on TikTok:
  / 20vc_tok  

Visit our Website:
https://www.20vc.com

Subscribe to our Newsletter:
https://www.thetwentyminutevc.com/con...
-----------------------------------------------

#20vc #harrystebbings #roryodriscoll #jasonlemkin #openai #thinkingmachineslab #goldmansachs #ai #meta #openai #polymarket #vercel #supabase