AGENDA:

00:00 $45B Floods into Anthropic from Google & Amazon

05:10 OpenAI Misses Growth Targets — Is This a Real Problem?

08:40 The Rise of AI Agents: Why Humans No Longer Pick Models

12:05 “Compute ≠ Revenue”: The First Crack in the AI Business Model

20:30 China Blocks $2B Manus Deal — AI Cold War Escalates

34:10 Why Google May Be the Biggest Winner in AI Infrastructure

41:50 The Death of SaaS? Agents Replace Apps Like Jira & Canva

46:20 Thoma Bravo Hands Medallia to Creditors — $5B Wiped Out

52:10 The Collapse of Private Equity Exit Routes in VC

Adam Foroughi is the Co-Founder and CEO @ Applovin, one of the most underdiscussed but incredible businesses. Applovin has a market cap of $160BN, the company does $5.48BN in revenue and has an astonishing $10M EBITDA per head. The margins; 80%+. There is almost no other business in the world like it. 

AGENDA: 

00:00 – Why Winning (Not Fear) Drives the Best Founders

04:30 – When Money Stops Mattering: The Real Founder Motivation

07:15 – $83M CEO Payday: The Truth Behind the Headlines

10:45 – The Hidden Cost of Being a CEO: What No One Tells You

13:00 – Down 92%: How Do You Not Lose Your Mind?

17:00 – Layoffs: AI Revolution or COVID Hangover? Will the Layoffs Work?

24:30 – Why Most Companies Can’t Build a Culture of A-Players

29:30 – What % of Applovin Code is AI? What Will it Be in 5 Years Time?

33:30 – Building on OpenAI: Opportunity or Existential Risk?

40:00 – The Dark Side of Short Sellers & Market Manipulation

50:00 – Do Great Founders Doubt Themselves?

52:00 – TikTok, Meta & The Future of Recommendation Engines

53:30 – The Path to a $1 Trillion Company: What Needs to Happen?

56:00 – Stock Buybacks: How to Do Them and When They Go Wrong?

59:00 – Is the SaaS Model Breaking? What Happens Now?

Amjad Masad is the Co-Founder and CEO of Replit, one of the leading “vibe-coding” platforms. Under his leadership, Replit has raised a total of $922 million in funding, recently raising at a whopping $9 billion valuation. Replit has over 50 million registered users and is used by employees at 85% of Fortune 500 companies. Replit’s revenue jumped from $10 million to $100 million in nine months, and the company is on track to reach $1BN in ARR by the end of 2026.

AGENDA: 

00:00 — Why Coding Models are Hitting a Performance Plateau

07:21 — Is Most of the Value of Replit Not Anthropic Model Quality?

10:04 — Why Did Replit Decide to Not Build Their Own Model, Like Cursor Did?

11:58 — Why Product Quality Must Always Beat Cost Optimization

14:51 — How Do Replit Choose Which Model To Route To For Different Tasks?

24:43 — The SaaS Apocalypse: Why it is Fair and Just?

29:55 — What Will the Cost of Tokens Be in 5 Years?

31:09 — Is Cursor Dead? Debunking the Twitter Narrative

33:36 — Are IDEs Dead?

35:54 — Should Students Still Study Computer Science?

42:47 — Are US Companies Using CCP Subsidised Open-Source Chinese Models

56:59 — What Do No Founders Know About True Product-Market Fit

AGENDA: 

04:00 — 🤯 Cursor Acquired for $60B?! Breaking down the mind-blowing deal with xAI/SpaceX.

07:00 — 🤝 A Marriage Made in Heaven: Why Cursor and Elon Musk actually make perfect sense.

11:00 — 🏆 Who Won the Deal? The $60B question and why SpaceX public shareholders might be the secret losers.

15:00 — 💰 Venture Payday: What this means for the investors and the "lock-up" reality for the founders.

19:30 — 🚀 SpaceX as an AI Lab: Is Elon using $2 trillion in market cap to buy his way into the AI race?.

20:30 — ⚠️ The AI Advantage: Why high-price stocks are the ultimate weapon for massive acquisitions.

23:30 — 🏛️ The $100 Billion Prediction: Jason explains why we’ll see an even bigger startup acquisition within 12 months.

33:30 — 🍎 End of an Era: Tim Cook steps down at Apple—was it a home run exit or "AI Terror"?.

37:30 — 📉 The Stealth Churn: Why Netflix, Canva, and Adobe should be terrified of YouTube and AI.

39:30 — 🦄 Anthropic Hits $1 Trillion: The "white heat" of secondary markets and the race to go public.

48:30 — 🎨 Claude Design vs. Figma: Is Anthropic’s new app an existential threat to the design world?.

01:03:30 — 🔥 Rippling’s God-Mode Growth: How they hit $1B in revenue while accelerating past the "SaaS is Dead" meme.

01:09:30 — 🧠 Salesforce Goes Headless: Marc Benioff’s genius move to survive the AI agent revolution.

01:13:00 — 🕸️ The "Agent Fabric": The next trillion-dollar battleground for the enterprise.

01:23:30 — ⚡ Cerebras IPO 2.0: Can the "wafer-scale" chip challenger actually take on Nvidia?.

01:29:30 — 🥊 Jensen Huang vs. The Podcasters: Reacting to the legendary (and cagey) Nvidia interview.

01:34:30 — 🇬🇧 London vs. The Valley: Why 91% of AI unicorns are in the Bay Area and Harry’s thoughts from the UK.

Aaron Levie is one of the most forward-thinking public company CEOs when it comes to enterprise adoption of AI. Aaron is the CEO of Box, the enterprise storage company that does over $1BN in revenue but only has a market cap of $3.2BN. Something we discuss today…

AGENDA: 

00:00 — Why the Experts are DEAD WRONG About the US-China AI Race

10:55 — Everyone is Wrong About Labour Markets: You Will Not Lose Your Job

13:10 — What Role Does Not Exist Today But Will Be So Common in 5 Years

16:45 — Is Your SaaS Tool Actually a Valueless Database in an Agentic World?

20:50 — The Cybersecurity Tsunami: Why Agents are Your Biggest Threat 

25:50 — Token Maxing: What Every Company Needs to Know About Budgeting Tokens

34:55 — Is Silicon Valley Secretly Being Powered by Open-Source CCP Models?

39:15 — The Brutal Truth: Is This Generation of CEOs Too Low-IQ for AI?

46:55 — Frontier Labs: Why Aaron is Still Betting Everything on the Labs

Jake Paul is one of the most influential creators of the digital era, with over 70M+ followers across platforms. He transitioned from YouTube stardom to become one of the biggest pay-per-view draws in boxing history with fights against Mike Tyson and Anthony Joshua. Jake is also Co-Founder of Anti Fund, where he has made investments in Ramp, Anduril, Cognition and Olipop to name a few.

Geoffrey Wu is a Co-Founder and Managing Partner at Anti Fund. He previously built his career at Goldman Sachs and Point72. He is at the forefront of a new model of investing—where distribution is as powerful as capital.

AGENDA:

00:00 — Why Attention is Now More Valuable Than Cash

04:36 — Inside the Secret $BN Jake Paul Business Empire

06:50 — Jake Paul’s MasterClass on How to Tell Great Stories

10:50 — Why Jake Paul Is Literally Uncancelable

16:15 — The Brutal Reality of VC: Why Seed Investing is for Amateurs

25:10 — Is AI About to Make the Entire Human Race Unemployed?

33:15 — Trump Endorsed Me: Is Jake Paul Actually Running for President?

41:10 — The 60/40 Rule: How to Build an Unbreakable Relationship

44:15 — Dark Side of Greatness: Is Jake Paul a "Psychopathic" Work Addict?

50:20 — The Ultimate Choice: Boxing, Content, or Investing?

AGENDA:

00:00 — Anthropic Unveils Mythos: The Model "Too Good at Hacking" to Release

05:56 — Why Mythos is a Quantum Leap in Cyber Risk

10:11 — The "Boy Who Cried Wolf": Jason’s Critique of Dario Amodei

14:00 — The Oppenheimer Moment: Are Founders Using Doom as a Marketing Tool?

19:22 — Amazon's $20B Secret: Is NVIDIA’s Chip Stranglehold Finally Loosening?

22:28 — Claude vs. Lovable & Replit: Anthropic Moves into App Building

25:24 — The 60% Death Spiral: Why Public SaaS Stocks are Entering a Doom Loop

39:51 — Meta Debuts Muse Spark: Alex Wang’s First Model from Super Intelligence Labs

44:18 — OpenAI’s $50B Ad Vision: The Plan to Monetize Intelligence

53:50 — Token Maxing: How CIOs are Reclaiming Control Over AI Budgets

57:57 — SpaceX's Leaked Financials: The Math Behind the $2 Trillion IPO

1:08:00 — Thoma Bravo Shuts Growth Equity

1:16:18 — Who IPOs First; OpenAI or Anthropic?

Anj Midha is the founder of AMP, and a founding investor in Anthropic. Most recently, Anj was General Partner at Andreessen Horowitz, leading frontier AI investments. He serves on the boards of Mistral, Black Forest Labs, Sesame, LMArena, OpenRouter, Luma AI and Periodic Labs and is an early angel in ElevenLabs among others. Prior to that, Anj was the cofounder/CEO of Ubiquity6 (acquired by Discord) and a partner at Kleiner Perkins.

AGENDA:

04:00 Why the "Scaling Laws are Dead" rumor is dangerously wrong

05:30 The 4 bottlenecks stopping us from reaching Super Intelligence

11:30 Where will the actual value accrue in an AI-dominated world?

12:00 Why Europe is building a "Sovereign Stack" to escape US dominance

15:00 Inside the brutal early days of Anthropic and the 21 VCs who said "No"

19:30 Why the most successful AI startups are ditching the "Profit-First" motive

34:30 The 1885 Industrial Revolution: Why we have a "GPU Wastage" bubble

38:00 Is the CCP actually winning the full-stack AI systems race?

43:30 Monopoly Mafias: Will model providers eventually kill the App Layer?

Carles Reina is VP of Sales at ElevenLabs, where he was the first investor and fourth employee. Carles has scaled the revenue org from Day 1 to over $350M in just 3 years. Carles is also an active investor with investments in ElevenLabs, Revolut, Happy Robot and more.  

AGENDA:

00:00 - Is the Traditional CRO Dead in the Age of AI?

01:01 - Building the AI Sales Machine: Agents that Actually Generate Revenue

08:35 - Will AI Shrink the Sales Teams of the Future?

09:51 - The ElevenLabs Masterclass: Why We Set a 20x Sales Quota

11:00 - How to Structure Explosive Sales Accelerators

12:15 - Why You Should Stop Paying Commission on Pilots

14:00 - Customer Success: Is it 'Total Bullshit' or a Growth Engine?

16:15 - The 'Global-First' Fallacy: Why You Need to Open Every Market Now

17:23 - Why Startups Are Wrong to Ignore 20-Year Sales Veterans

19:15 - The Pipeline Construction Secret: Liquidity vs. Whales

24:30 - Forecasting the Unpredictable: How to Hit a $1B Revenue Target

31:55 - The Substitution Threat: Is AI Voice Just a Commodity?

34:10 - Verticalization Mistakes: Lessons from Scaling India

38:40 - The 'IBM Effect': Does Brand Actually Shorten Sales Cycles?

40:15 - Extreme Expectations: Why ElevenLabs is a Hard Company to Work For

42:15 - Internal Leaderboards: How to Use Public Competition to Drive Results

44:20 - Hunting the Obsessed: Identifying the 'Inner Psychopath' in Hires

46:40 - The SaaS Apocalypse: Will Companies Build Their Own CRM?

48:30 - Formula 1 Branding: The Mindset Behind the Audi-Revolut Deal

50:15 - Dinner vs. Conferences: Which Marketing Channels Actually Scale?

52:45 - Designing Un-Salesy Content: How to Run a Legendary Summit

54:20 - CVC Strategy: Turning Corporate Investors into Distribution Channels

01:01:45 - The Globalization Nightmare: Why You Can't Sell in English Everywhere

01:06:45 - Operator-Investors: Can You Be a High-Performer and a VC Simultaneously?

01:11:30 - Unit Economics in AI: Why Good Early Numbers Might Mean Failure

01:18:25 - The Next Wave: Why Foundational Model Consolidation is Inevitable

AGENDA:

03:59 — Anthropic Surpasses OpenAI in Revenue

12:43 — OpenAI Management Reboot

18:24 — OpenAI Buys TBPN

29:00 — SpaceX Files for IPO Targeting $2 Trillion Valuation

37:21 — Doug Leone Returns to Sequoia Capital

41:14 — YC Kicks Out Delve

45:21 — The Rise of Open Router

57:59 — Supabase Targeting $10B Valuation

01:08:18 — The Mercor Hack and AI Cyber Threats Moving Forward

01:17:25 — The $1.8B Two-Person Company

Demis Hassabis is the Co-Founder & CEO of Google DeepMind - working on AGI, responsible for AI breakthroughs such as AlphaGo, the first program to beat the world champion at the game of Go; and AlphaFold, which cracked the 50-year grand challenge of protein structure prediction and was recognised with the 2024 Nobel Prize in Chemistry. Demis is revolutionising drug discovery at Isomorphic Labs. Ultimately, trying to understand the fundamental nature of reality.

AGENDA:

00:04:00 — What Actually Counts as AGI; and Where Are We Today?

00:05:00 — What Are the Biggest Bottlenecks Holding AI Back Today?

00:06:00 — Have We Hit the Limits of Scaling Laws?

00:07:00 — Where Is AI Ahead of Expectations; and What’s Still Missing?

00:07:30 — Why Can’t AI Systems Learn Continuously Like Humans?

00:08:30 — How Did DeepMind Go from Behind to Leading the Pack?

00:11:00 — Are We Heading Toward Model Commoditization; or Winner-Takes-All?

00:12:00 — What Does the Future of Open Source Really Look Like?

00:13:00 — What Does a Post LLM World Look Like?

00:14:45 — Can AI Really Fix Drug Discovery—and Cut the 10-Year Timeline?

00:17:00 — What Does “Good” AI Regulation Actually Look Like?

00:18:00 — Who Should Be the Ultimate Arbiter of Truth in an AI World?

00:19:30 — If Demis Had One Shot to Fix AI Safety, What Would He Do?

00:21:00 — Is This Time Different for Jobs; or Will History Repeat Itself?

00:22:00 — Is AGI Bigger Than the Industrial Revolution; and Faster?

00:23:00 — Are We Underestimating AI Despite All the Hype?

00:23:30 — Does AI Lead to Massive Inequality; or Universal Prosperity?

00:24:30 — How Do We Solve the Energy Crisis Created by AI?

00:26:00 — Why Stay in the UK Instead of Moving to Silicon Valley?

00:28:00 — Will Europe Ever Build a Trillion-Dollar Tech Giant?

00:29:30 — Meeting Elon Musk for the First Time?

00:31:00 — What Big Questions About AI Is No One Talking About?

00:31:30 — What Does Demis Want His Legacy to Be?

Andrew Dudum is the Founder and CEO of Hims, the company reshaping consumers relationship to healthcare. It has been a rocky ride over the last 6 months, the company is down 66%, their market cap today is $4.3BN on $2.3BN of revenue. They just bought their largest international competitor, Eucalyptus for $1.5BN. 

AGENDA:

00:00 — Why Being Public Is Better Than Private 

02:50 — My Advice to The Collisons on Taking Stripe Public

07:15 — How to Hire for the Most Gritty People: The Test 

10:55 — How AI Will Reshape All of Customer Acquisition 

15:30 — What Did Hims Do That Andrew Wishes They Had Not Done 

20:15 — What is the Least Profitable but Most Important Hims Product

27:10 — The $1.5BN Acquisition: Why Hims Bought Their Biggest Global Competitor 

33:45 — Why Brand Marketing Beats Performance Marketing 

39:40 — The Future of Prevention: Why Your Next Blood Test Should Be Free 

46:50 — Disrupting the PBMs: How We Are Breaking the Corrupt US Healthcare System

AGENDA:

00:00 — Anthropic’s Monster Month: 6 Billion in February Revenue

04:30 — The "Claude Mythos" Leak: 10 Trillion Parameters

11:50 — OpenAI Kills "Sora": A Massive Strategic Own Goal?

14:30 — OpenAI Hits $100M in Ads: Why OpenAI Must Make Ads Work

20:50 — Masa Son’s $40BN Bridge Loan: Investing More Into OpenAI

21:50 — Cybersecurity Stocks Tank: Is the Anthropic Panic Justified?

27:10 — The Golden Age of Cyber: Why AI Agents are a "Golden Goose" for Security

31:30 — Gross vs. Net: The Truth Behind AI Revenue Accounting

34:50 — The "Vibe Coding" Era: Reselling Tokens and Triple-Counting ARR

41:00 — Oura Going Public & Whoop Raises $500M at $10BN Valuation

49:50 — Epic Games Layoffs: The Reality of the Attention Economy

52:40 — The Manus Scandal: Founders Trapped in China After Meta Deal

59:00 — The Billionaire Tax: Why the Golden Geese are Leaving California

01:03:20 — Do VCs Actually Add Value? The Ron Conway vs. Matthew Prince Spat