Venture Capital and Startup Investing by Harry Stebbings
Harry Stebbings: Anthropic IPO, Cognition $1 billion raise, Uber token budget and Kirkland & Ellis $500 million tech build
Harry Stebbings highlights major tech news this week, including the anticipated Anthropic IPO and its potential effects on the ecosystem. Cognition has secured $1 billion in funding at a ...
Companies may spend more on tokens than salaries soon, Harry Stebbings notes
Harry Stebbings suggests that companies could soon spend more on tokens than on salaries. He points out that application layer companies lack defensibility, arguing that the model itself is now ...
Harry Stebbings: Largest IPO in history takes shape as SpaceX and OpenAI move forward
Harry Stebbings highlights what he describes as the 'Superbowl of S-1’s' last week, with major filings from SpaceX and OpenAI indicating that plans for the largest IPO in history are advancing. ...
Many applicants cannot name three potential investments, Harry Stebbings notes
Harry Stebbings shares insight into the venture capital recruitment process. He explains that his primary interview question for candidates seeking to join the investing team at 20VC is to name ...
Harry Stebbings: Early-stage investing focuses on elite founders and high-growth markets
Harry Stebbings outlines his approach to early-stage investing, emphasizing the importance of backing generational founders, identifying fast-growing markets, and ensuring investments have the ...
Accept lower term sheet offers from kingmaker VC firms, Harry Stebbings notes
Harry Stebbings argues that in the venture capital industry, certain 'kingmaker' firms have the influence to make a decisive impact on a startup's trajectory. He suggests that founders should ...
Harry Stebbings: Reserve strategy in fund investing weighs opportunity cost
Harry Stebbings reflects on his approach to managing reserves across four investment funds. He shares that while his initial three funds included reserve allocations, and his third fund committed ...
Abridge hits $5.3 billion valuation after five-year struggle, Harry Stebbings notes
Harry Stebbings highlights the journey of Abridge and its CEO, Shivdev Rao, noting the significant progress made after a difficult five-year period. He says Abridge, which operates in vertical ...
Harry Stebbings: Anthropic commits $200 billion to Google as Cerebras plans IPO
Harry Stebbings discusses a week of major technology sector developments, focusing on key financial moves. He highlights Anthropic's commitment of $200 billion to Google for compute resources, ...
Meta capital expenditures top $100B as ROI remains unclear, Harry Stebbings notes
Harry Stebbings, industry influencer, comments on rising concerns around Meta's hefty capital expenditures. According to Stebbings, the market is challenging Meta's decision to allocate over $100B ...
Harry Stebbings: Google dominates earnings season as Facebook falters, Anthropic raises $50 billion
Harry Stebbings, industry influencer, described the current earnings season as the 'superbowl of earnings', highlighting a decisive victory for Google and a setback for Facebook. He further ...
Jude Law campaign generates $50 million in pipeline for Legora, Harry Stebbings notes
Harry Stebbings, industry influencer, reports that a recent marketing campaign featuring Jude Law delivered strong results for Legora. According to Stebbings, the campaign generated $50 million ...
Harry Stebbings: Early-stage venture increasingly favors a few major winners
Harry Stebbings, industry influencer, observes a shift in early-stage venture capital toward producing fewer but significantly larger winners. Most startups will either taper off or see modest ...
Upfront compute investment may reach $4–5 per revenue dollar, Harry Stebbings notes
Harry Stebbings, industry influencer, highlights the challenges facing Dario at Anthropic in predicting compute demand. He notes that every dollar of revenue may require $4–5 in upfront compute ...
Harry Stebbings: Equity dilution rises sharply as stock prices fall
Harry Stebbings, industry influencer, warns that stock-based compensation (SBC) can become a serious problem for companies when stock prices decline and equity dilution increases sharply. He ...
Founders often need to sell core business shares to angel invest, tweet author notes
The tweet author, industry influencer, argues that it can be sub-optimal for founders to engage in angel investing while running their own companies. The author points out that to obtain ...
Turner Novak: AppLovin CEO ranks in top 3 with $160 billion market cap and $5.48 billion revenue
Turner Novak, industry influencer, shared that he has interviewed 1,000 leading CEOs over the past 10 years and considers Adam Foroughi, founder of AppLovin, to be among the top three. Novak ...
Shopify and AppLovin CEOs lead companies at $160 billion market cap, Turner Novak notes
Turner Novak, industry influencer, shared that he recently sat down with the CEOs of Shopify and AppLovin, highlighting their status as leaders of companies each boasting a $160 billion market ...
Sam Lessin: xAI acquires Cursor for $60 billion as Anthropic hits $1 trillion valuation
Sam Lessin, industry influencer, reports that xAI has acquired Cursor for $60 billion, marking a significant event in the tech sector. In addition to the Cursor deal, Lessin highlights other ...
AppLovin posts $160BN market cap and $5.48BN revenue, Harry Stebbings points out
Harry Stebbings shared insights from his experience interviewing 1,000 CEOs of major companies over the last 10 years. He described Adam Foroughi as one of the top five CEOs he has ever met, ...
Harry Stebbings: Secondary market value hits $860 billion after early rejections
Venture investor Harry Stebbings shared a story highlighting the early difficulties faced by entrepreneur Dario, who struggled to gain support from investors on Sand Hill Road. According to ...
