20VC: Is Chamath Right: Is DPI The Only Thing That Matters | Does OpenAI Even Matter | Mary Meekers AI Report: The Analysis| IPO Breakdown: Chime, Circle & Thoma Bravo's New Fund

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch · Jun 5, 2025 · 1h 23m

Agenda:

00:00 – The Most Unfiltered Episode Ever Begins

03:30 – Does OpenAI Even Matter? Sam Lessin Says Maybe Not.

05:45 – TVPI Is Bullshit?

09:20 – Asset Gatherers vs Real Investors: Who Actually Wins?

12:15 – The Death of the Billion-Dollar VC Fund?

16:00 – Mid-Tier VC Funds Are Getting Annihilated

21:00 – Chime: Great Exit or Missed Opportunity?

27:00 – The War on Relevance: What Companies Truly Matter?

33:00 – If You're Not a Billion-Dollar Company, Do You Even Count?

37:10 – Mary Meeker's AI Report: What Everyone Missed

39:50 – $600B in AI CapEx—Where Is the Revenue?!

43:40 – What Could…