20VC: Opendoor's CEO on The Greatest Turnaround in Tech | OpenAI and Oracle: How Can Either Afford to Do This | How Anthropic Could Lose 50% of Their Revenue Overnight | Replit Raises at $3BN | Figure, Gemini & VIA IPOs Broken Down | The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

This episode of 20VC features Harry Stebbings, Jason Lemkin, and Rory O'Driscoll, along with Kaz, the new CEO of OpenDoor, in his first interview. The discussion covers Kaz's move from Shopify to OpenDoor, his vision for the company, and his compensation structure. The panel also analyzes OpenAI's relationship with Microsoft and its new deal with Oracle, including the financial implications and market reactions. Additionally, they explore the current state of the venture landscape, focusing on AI applications like Higgs Field and Replit, the challenges of market forecasting, and the dynamics between incumbents and startups, and the recent IPOs. The episode concludes with a quick-fire round of predictions on Adobe and OpenDoor's stock performance.

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20VC: Opendoor's CEO on The Greatest Turnaround in Tech | OpenAI and Oracle: How Can Either Afford to Do This | How Anthropic Could Lose 50% of Their Revenue Overnight | Replit Raises at $3BN | Figure, Gemini & VIA IPOs Broken Down

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

Introduction to Kaz's Vision for OpenDoor

OpenDoor as a Software Company and the Importance of Fair Pricing

The Role of Agents, Asset-Light Models, and Kaz's Compensation

Oracle, OpenAI, and Public Market Irrationality

The Shift from Investing to Trading and the Importance of Exits

M&A Offers, Founder Confidence, and the Changing Relationship Between Microsoft and OpenAI

The Future of OpenAI, Microsoft, and the Rise of AI-Powered Applications

Sustainable Market Trends, Competition, and the Revenge of the Incumbents

Regrets About Selling, Liquidity, and the IPO Market

Bending Spoons Acquires Vimeo and the Challenges of Incumbents in the AI Age

Quick Fire Round and Final Thoughts

20VC: Opendoor's CEO on The Greatest Turnaround in Tech | OpenAI and Oracle: How Can Either Afford to Do This | How Anthropic Could Lose 50% of Their Revenue Overnight | Replit Raises at $3BN | Figure, Gemini & VIA IPOs Broken Down

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

00:00Introduction to Kaz's Vision for OpenDoor

Introduction to Kaz's Vision for OpenDoor

06:21OpenDoor as a Software Company and the Importance of Fair Pricing

OpenDoor as a Software Company and the Importance of Fair Pricing

14:48The Role of Agents, Asset-Light Models, and Kaz's Compensation

The Role of Agents, Asset-Light Models, and Kaz's Compensation

23:41Oracle, OpenAI, and Public Market Irrationality

Oracle, OpenAI, and Public Market Irrationality

30:03The Shift from Investing to Trading and the Importance of Exits

The Shift from Investing to Trading and the Importance of Exits

35:15M&A Offers, Founder Confidence, and the Changing Relationship Between Microsoft and OpenAI

M&A Offers, Founder Confidence, and the Changing Relationship Between Microsoft and OpenAI

41:14The Future of OpenAI, Microsoft, and the Rise of AI-Powered Applications

The Future of OpenAI, Microsoft, and the Rise of AI-Powered Applications

52:05Sustainable Market Trends, Competition, and the Revenge of the Incumbents

Sustainable Market Trends, Competition, and the Revenge of the Incumbents

1:02:52Regrets About Selling, Liquidity, and the IPO Market

Regrets About Selling, Liquidity, and the IPO Market

1:11:23Bending Spoons Acquires Vimeo and the Challenges of Incumbents in the AI Age

Bending Spoons Acquires Vimeo and the Challenges of Incumbents in the AI Age

1:21:17Quick Fire Round and Final Thoughts

Quick Fire Round and Final Thoughts