Harry Stebbings

I think we should put 20% of the fund into OpenAI at the $1.25 trillion round.

This is 20VC with me, Harry Stebbings.

This is my favorite show of the week, Jason Lemkin, Rory O'Driscoll, the news that matters.

And let's be clear.

We just can't, we just can't carry folks any longer.

We can't, or we're going to die.

We're going to be killed by that new company Harry just funded or Rory just funded.

So there's no stability.

I no longer believe that.

This is 20 VC with me, Harry Stebbings.

Now, this show, honestly, is quite an emotional one for me.

I started 20 VC from my bedroom in London.

That's the stupidest worldview I've ever heard.

This is 20 VC with me, Harry Stebbings.

Now, what started as a very planned discussion It evolved into one of the most phenomenal discussions that we've had across a wide range of topics from AI to data to robotics and everything in between with an incredible guest in the form of Naveen Rao.

Naveen is a serial entrepreneur.

Bending spoons is like the Berkshire version of software.

This is 20VC with me, Harry Stebbings.

It's my favorite show of the week.

Rory O'Driscoll, Jason Lemkin, the biggest news in tech.

I think you're absolutely right.

I think it's this like power law on steroids requirement where it's like, unless you can paint me the trillion dollar market cap, I'm not interested.

To answer your question a little more, to be more tactical, Harry, I think you're right that you roll with a high powered crowd.

I think if you want Sequoia and Benchmark and one of the better partners at Andreessen to fund you.

I love this, and I'm obviously buying into this running podcast.

I mean, this is like the Harry Stebbings, you know, 20 BC, starting from a dorm room, making calls, getting on...

And then now he's where he is now, and it's just insane.

All that built on his personal... face and story and conversations and relationships yeah just

And today, we're diving into one of the biggest shifts of all.

Harry Stebbings just sat down with Samir Dallakia from Bessemer Venture Partners, and his core claim is absolutely striking.

Intelligence is going to be a bigger market than oil.

That's a massive statement.

Do you want any notes on this?

So I guess it's a big question that we keep talking about every week, which is, is the brain drain real? And Harry Stebbings started this fund around a doom loop of talent leaving for the US.

And I guess there's a question of like, with this sort of, with these guys moving on to something else, is that still true in 2026? Is Europe keeping more of its founders or is it just sort of like PR about it? I think it's-

We should look into the data on that.