20VC: Navan IPO: Winners, Losers and is a $4.5BN Exit Enough in VC Today | Harvey Raises $150M at $8BN Price | Why Google is a Buy and Amazon is a Sell | Meta Down 10%, Is Zuck Struggling?

In this episode of 20VC, Harry Stebbings, Elad Gil, and Speaker 1 (Rory O'Driscoll) dissect recent tech news, starting with Navan's IPO and Dev Ittycheria stepping down from MongoDB, which prompts a discussion about the end of an era and the shift towards AI. They analyze Navan's IPO performance, venture capital ownership, and the increasing difficulty in achieving significant exits. The conversation covers Harvey's valuation, ownership dilution in AI companies, Sam Altman's response to funding questions, and the performance of tech giants like Amazon, Google, and Meta. They also discuss the need for companies to integrate AI to drive growth and the potential for AI to replace human labor, concluding with a discussion on prediction markets like Calshi and PolyMarket.