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The Twenty Minute VC · October 22, 2026 · 01:00:37

20VC: Trillion or Bust: The New VC Game | Coreweave Sell-Off Creates Panic | Town at $1B, Anduril at $90B: Revenue Multiples Out of Control | General Atlantic Eyes IPO & Modal Raises $750M at $15.75B

Host Harry Stebbings unpacks several seismic shifts in venture capital and tech: the new mandate for VCs to back only trillion-dollar outcomes, the CoreWeave sell-off rattling AI infrastructure confidence, and Anthropic's potential $1.5 trillion IPO reprice. He also examines the eye-popping valuations of Town and Anduril, 37signals' profit-driven challenge to the VC model, and Berkshire Hathaway's deepened bet on Bending Spoons. The episode closes with Elon Musk's flying Roadster and a $10 billion SpaceX share giveaway.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Preview

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Billion-Dollar Bets or Nothing: The New VC Game00:04:20
VCs are now focusing exclusively on startups with trillion-dollar potential, passing on fast-growing companies that can't reach that scale.
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CoreWeave Sell-Off Sparks Fears of Cracks in AI Boom00:13:20
A sharp sell-off in CoreWeave stock raises concerns that the AI infrastructure bubble may be starting to deflate.

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