Dame Julia Hoggett is the CEO of the London Stock Exchange. Julia previously worked at the UK’s Financial Conduct Authority as Director of Market Oversight and Head of Wholesale Banking Supervision. In Today’s Episode We Discuss: 04:25 How to Become CEO of a National Stock Exchange 05:36 Why The Domestic Economy is F***** Despite the Boom in Financial Services 06:45 How Pension Fund Reform Dmaaged the UK Economy 09:31 Should the UK Copy the Canadian Pension Fund Structure 16:30 Will the Best Companies Like Revolut and Monzo List in London 24:17 Why Are Revolut Wrong to Want to List in the US 27:32 Are Companies Priced Lower in the UK vs US 32:05 Why is Stamp Duty a Perversity We Have to Change 35:46 Why is the Way the UK Thinks About Financial Services So Wrong 40:31 Quick Fire Round: Insights and Reflections

<description>&lt;p dir="ltr"&gt;Dame Julia Hoggett is the CEO of the London Stock Exchange. Julia previously worked at the UK’s Financial Conduct Authority as Director of Market Oversight and Head of Wholesale Banking Supervision.&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;span style= "text-decoration: underline; font-size: 14pt;"&gt;&lt;strong&gt;In Today’s Episode We Discuss:&lt;/strong&gt;&lt;/span&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;04:25 How to Become CEO of a National Stock Exchange&lt;/p&gt; &lt;p dir="ltr"&gt;05:36 Why The Domestic Economy is F***** Despite the Boom in Financial Services&lt;/p&gt; &lt;p dir="ltr"&gt;06:45 How Pension Fund Reform Dmaaged the UK Economy&lt;/p&gt; &lt;p dir="ltr"&gt;09:31 Should the UK Copy the Canadian Pension Fund Structure&lt;/p&gt; &lt;p dir="ltr"&gt;16:30 Will the Best Companies Like Revolut and Monzo List in London&lt;/p&gt; &lt;p dir="ltr"&gt;24:17 Why Are Revolut Wrong to Want to List in the US&lt;/p&gt; &lt;p dir="ltr"&gt;27:32 Are Companies Priced Lower in the UK vs US&lt;/p&gt; &lt;p dir="ltr"&gt;32:05 Why is Stamp Duty a Perversity We Have to Change&lt;/p&gt; &lt;p dir="ltr"&gt;35:46 Why is the Way the UK Thinks About Financial Services So Wrong&lt;/p&gt; &lt;p dir="ltr"&gt;40:31 Quick Fire Round: Insights and Reflections&lt;/p&gt; &lt;p&gt; &lt;/p&gt;</description>

Dame Julia Hoggett is the CEO of the London Stock Exchange. Julia previously worked at the UK’s Financial Conduct Authority as Director of Market Oversight and Head of Wholesale Banking Supervision. In Today’s Episode We Discuss: 04:25 How to...

20VC: Will Revolut and Monzo List in the UK | How Does London Compete Against the US To Win The Best UK IPOs | Are UK Public Companies Punished on Price for Listing in London | The Myths and the Reality of The London Stock Exchange with CEO, Julia Hoggett

Mitchell Green is the Founder and Managing Partner of Lead Edge Capital. Mitchell has led or co-led investments in companies including Alibaba, Asana, Benchling, ByteDance, Duo Security, Grafana, Mindbody, and Xamarin, among several others. In Today’s Episode We Discuss: 04:31 How Bessemer Taught Me The One Golden Rule of Investing 06:48 Why AI Infrastrcture is the Worst Investment to Make 08:51 Why it is Comical to think there will be $BN one person companies? 09:26 WTF Happens To The Cohort of SaaS Companies With Slow Growth, Not Yet Profitable and $50M-$200M in Revenue 16:12 What is the Biggest Problem with the IPO Market 23:24 When is the Right Time to Sell in VC and How a Generation F******* it Up 27:37 Biggest Advice to Smaller Emerging Managers 40:13 The One Question That Tells You if a Business is Good 43:01 Why LPs are More Important than Founders 45:03 One Question Every LP Should Ask Their VCs 46:03 Why TikTok Does Not Matter to ByteDance and It Is a Screaming Buy 51:30 Why We Drastically Underestimate the Power of Chinese AI? 55:18 Why Social Media is the Most Dangerous Thing in Society 01:00:07 Quick Fire Questions

<description>&lt;p dir="ltr"&gt;Mitchell Green is the Founder and Managing Partner of Lead Edge Capital. Mitchell has led or co-led investments in companies including Alibaba, Asana, Benchling, ByteDance, Duo Security, Grafana, Mindbody, and Xamarin, among several others.&lt;/p&gt; &lt;p dir="ltr"&gt;&lt;span style= "text-decoration: underline; font-size: 14pt;"&gt;&lt;strong&gt;In Today’s Episode We Discuss:&lt;/strong&gt;&lt;/span&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;04:31 How Bessemer Taught Me The One Golden Rule of Investing&lt;/p&gt; &lt;p dir="ltr"&gt;06:48 Why AI Infrastrcture is the Worst Investment to Make&lt;/p&gt; &lt;p dir="ltr"&gt;08:51 Why it is Comical to think there will be $BN one person companies?&lt;/p&gt; &lt;p dir="ltr"&gt;09:26 WTF Happens To The Cohort of SaaS Companies With Slow Growth, Not Yet Profitable and $50M-$200M in Revenue&lt;/p&gt; &lt;p dir="ltr"&gt;16:12 What is the Biggest Problem with the IPO Market&lt;/p&gt; &lt;p dir="ltr"&gt;23:24 When is the Right Time to Sell in VC and How a Generation F******* it Up&lt;/p&gt; &lt;p dir="ltr"&gt;27:37 Biggest Advice to Smaller Emerging Managers&lt;/p&gt; &lt;p dir="ltr"&gt;40:13 The One Question That Tells You if a Business is Good&lt;/p&gt; &lt;p dir="ltr"&gt;43:01 Why LPs are More Important than Founders&lt;/p&gt; &lt;p dir="ltr"&gt;45:03 One Question Every LP Should Ask Their VCs&lt;/p&gt; &lt;p dir="ltr"&gt;46:03 Why TikTok Does Not Matter to ByteDance and It Is a Screaming Buy&lt;/p&gt; &lt;p dir="ltr"&gt;51:30 Why We Drastically Underestimate the Power of Chinese AI?&lt;/p&gt; &lt;p dir="ltr"&gt;55:18 Why Social Media is the Most Dangerous Thing in Society&lt;/p&gt; &lt;p dir="ltr"&gt;01:00:07 Quick Fire Questions&lt;/p&gt; &lt;p&gt; &lt;/p&gt;</description>

Mitchell Green is the Founder and Managing Partner of Lead Edge Capital. Mitchell has led or co-led investments in companies including Alibaba, Asana, Benchling, ByteDance, Duo Security, Grafana, Mindbody, and Xamarin, among several others. In...

20VC: Why Traditional VC is Broken: How VCs Learned Nothing from 2021 | Why LPs are More Important than Founders & Advice to Emerging Managers | Bull Case for Bytedance & Why TikTok's Ban Doesn't Matter with Mitchell Green, Lead Edge Capital

Niklas Östberg is the Founder and CEO of Delivery Hero, a global juggernaut now present in over 70 countries across four continents. In Q4 2024, the company announced GMV of $49BN with $12.8BN in revenue and $750M in EBITDA. They have made an astonishing 35+ acquisitions including $2BN for Glovo. Before launching Delivery Hero, Niklas co-founded Pizza.nu, leading its expansion across Sweden, Poland, Finland, and Austria. In Today’s Episode We Discuss: 04:09 How Skiing Prepared Me For Life As An Entrepreneur 10:12 Losing $200M on Gorillas Investment 17:58 Quick Commerce: Does the Business Model Work? 25:09 How to Master M&A: Lessons from 35 Acquisitions 31:45 Evaluating Acquisitions: The Glovo Example 32:39 Cohort Analysis: Lessons from $49BN in GMV 34:35 Growth Strategies: What Worked? What Did Not Work? 38:27 Competing Against Uber and Doordash 41:40 Is Cash a Weapon in the War for Food Delivery 44:29 Why Are Emerging Markets a Good Investment? 48:21 Why Are European Markets Broken? Are Regulators Killing Europe? 51:57 Quickfire Round: Insights and Reflections

<description>&lt;p dir="ltr"&gt;Niklas Östberg is the Founder and CEO of Delivery Hero, a global juggernaut now present in over 70 countries across four continents. In Q4 2024, the company announced GMV of $49BN with $12.8BN in revenue and $750M in EBITDA. They have made an astonishing 35+ acquisitions including $2BN for Glovo. Before launching Delivery Hero, Niklas co-founded Pizza.nu, leading its expansion across Sweden, Poland, Finland, and Austria.&lt;/p&gt; &lt;p dir="ltr"&gt;In Today’s Episode We Discuss:&lt;/p&gt; &lt;p dir="ltr"&gt;04:09 How Skiing Prepared Me For Life As An Entrepreneur&lt;/p&gt; &lt;p dir="ltr"&gt;10:12 Losing $200M on Gorillas Investment&lt;/p&gt; &lt;p dir="ltr"&gt;17:58 Quick Commerce: Does the Business Model Work?&lt;/p&gt; &lt;p dir="ltr"&gt;25:09 How to Master M&amp;A: Lessons from 35 Acquisitions&lt;/p&gt; &lt;p dir="ltr"&gt;31:45 Evaluating Acquisitions: The Glovo Example&lt;/p&gt; &lt;p dir="ltr"&gt;32:39 Cohort Analysis: Lessons from $49BN in GMV&lt;/p&gt; &lt;p dir="ltr"&gt;34:35 Growth Strategies: What Worked? What Did Not Work?&lt;/p&gt; &lt;p dir="ltr"&gt;38:27 Competing Against Uber and Doordash&lt;/p&gt; &lt;p dir="ltr"&gt;41:40 Is Cash a Weapon in the War for Food Delivery&lt;/p&gt; &lt;p dir="ltr"&gt;44:29 Why Are Emerging Markets a Good Investment?&lt;/p&gt; &lt;p dir="ltr"&gt;48:21 Why Are European Markets Broken? Are Regulators Killing Europe?&lt;/p&gt; &lt;p dir="ltr"&gt;51:57 Quickfire Round: Insights and Reflections&lt;/p&gt;</description>

Niklas Östberg is the Founder and CEO of Delivery Hero, a global juggernaut now present in over 70 countries across four continents. In Q4 2024, the company announced GMV of $49BN with $12.8BN in revenue and $750M in EBITDA. They have made an...

20VC: The Insane Story of DeliveryHero: Losing $200M on a Gorillas Investment | Winning the Emerging Markets Delivery War with 35 Acquisitions | Competing with Uber and Doordash in a Capital Arms Race with Niklas Östberg

Andrew Feldman is the Co-Founder and CEO @ Cerebras, the fastest AI inference + training platform in the world. In Sept 2024 the company filed to go public off the back of a rumoured $1BN deal with G42 in the UAE. Andrew is the leading expert for all things inference.  In Today’s Episode We Discuss: 04:23 Where Was AI Landscape in 2015 When Cerebras Founded 05:57 NVIDIA’s Biggest Strength Has Become Their Biggest Weakness 07:09 What Happens to the Cost of Inference? 08:55 Why Are AI Algorithms So Inefficient? 20:30 Why is it Total BS That We Have Hit Scaling Laws? 23:07 What Will Be the Ratio of Synthetic to Human Data Used in 5 Years? 31:37 What Specifically Was So Impressive About Deepseek? 31:51 Why is Distillation Not Wrong and OpenAI Need to Look in the Mirror? 32:34 Where Will Value Accrue in a World of AI? 34:08 How Will NVIDIA’s Market Position Change Over the Next Five Years? 39:59 Why is the CUDA Lockin for NVIDIA BS? What is Their Weakness? 40:46 Why is Trump Better for Business than Biden? 49:41 Do We Underestimate China in a World of AI? 52:33 What is the Most Underappreciated Segment of AI? 54:00 Quickfire Round

<description>&lt;p dir="ltr"&gt;Andrew Feldman is the Co-Founder and CEO @ Cerebras, the fastest AI inference + training platform in the world. In Sept 2024 the company filed to go public off the back of a rumoured $1BN deal with G42 in the UAE. Andrew is the leading expert for all things inference. &lt;/p&gt; &lt;p dir="ltr"&gt;&lt;span style= "text-decoration: underline; font-size: 14pt;"&gt;&lt;strong&gt;In Today’s Episode We Discuss:&lt;/strong&gt;&lt;/span&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;04:23 Where Was AI Landscape in 2015 When Cerebras Founded&lt;/p&gt; &lt;p dir="ltr"&gt;05:57 NVIDIA’s Biggest Strength Has Become Their Biggest Weakness&lt;/p&gt; &lt;p dir="ltr"&gt;07:09 What Happens to the Cost of Inference?&lt;/p&gt; &lt;p dir="ltr"&gt;08:55 Why Are AI Algorithms So Inefficient?&lt;/p&gt; &lt;p dir="ltr"&gt;20:30 Why is it Total BS That We Have Hit Scaling Laws?&lt;/p&gt; &lt;p dir="ltr"&gt;23:07 What Will Be the Ratio of Synthetic to Human Data Used in 5 Years?&lt;/p&gt; &lt;p dir="ltr"&gt;31:37 What Specifically Was So Impressive About Deepseek?&lt;/p&gt; &lt;p dir="ltr"&gt;31:51 Why is Distillation Not Wrong and OpenAI Need to Look in the Mirror?&lt;/p&gt; &lt;p dir="ltr"&gt;32:34 Where Will Value Accrue in a World of AI?&lt;/p&gt; &lt;p dir="ltr"&gt;34:08 How Will NVIDIA’s Market Position Change Over the Next Five Years?&lt;/p&gt; &lt;p dir="ltr"&gt;39:59 Why is the CUDA Lockin for NVIDIA BS? What is Their Weakness?&lt;/p&gt; &lt;p dir="ltr"&gt;40:46 Why is Trump Better for Business than Biden?&lt;/p&gt; &lt;p dir="ltr"&gt;49:41 Do We Underestimate China in a World of AI?&lt;/p&gt; &lt;p dir="ltr"&gt;52:33 What is the Most Underappreciated Segment of AI?&lt;/p&gt; &lt;p dir="ltr"&gt;54:00 Quickfire Round&lt;/p&gt; &lt;p&gt; &lt;/p&gt;</description>

Andrew Feldman is the Co-Founder and CEO @ Cerebras, the fastest AI inference + training platform in the world. In Sept 2024 the company filed to go public off the back of a rumoured $1BN deal with G42 in the UAE. Andrew is the leading expert for all...

20VC: AI Chip Wars: How Cerebras Plans to Topple NVIDIA's Dominance | Why We Have Not Reached Scaling Laws in AI | What Happens to the Cost of Inference | How We Underestimate China and Shouldn't Sell To Them with Andrew Feldman

Elias Torres is the Co-Founder and CEO of Agency, the AI agent for customer success teams. Prior to Agency, Elias was the Co-Founder of Drift, a company he sold to Vista for $1.2BN Before that he started Performable, which he sold to Hubspot.  In Today’s Episode We Discuss: 03:50 Do Rich Founders Make Better Founders: How Backgrounds Shape You 06:23 Speed: Why are Incumbents Slower than Ever 10:00 Quality: Why are Incumbents Worse than Ever 25:34 Why Was Selling Drift For $1.2BN a Massive Failure 33:30 How Did a Cushy Culture Kill Drift 37:01 What They Never Tell You About Selling for $1.2BN 41:08 How to Hire F******* Rockstars 46:52 The Biggest Mistakes Founders Make in Hiring 54:52 Everything You Think You Know About Working Parents is Wrong 01:02:00 Quickfire

<description>&lt;p dir="ltr"&gt;Elias Torres is the Co-Founder and CEO of Agency, the AI agent for customer success teams. Prior to Agency, Elias was the Co-Founder of Drift, a company he sold to Vista for $1.2BN Before that he started Performable, which he sold to Hubspot. &lt;/p&gt; &lt;p dir="ltr"&gt;&lt;span style="text-decoration: underline;"&gt;&lt;span style= "font-size: 14pt;"&gt;&lt;strong&gt;In Today’s Episode We Discuss:&lt;/strong&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt; &lt;p dir="ltr"&gt;03:50 Do Rich Founders Make Better Founders: How Backgrounds Shape You&lt;/p&gt; &lt;p dir="ltr"&gt;06:23 Speed: Why are Incumbents Slower than Ever&lt;/p&gt; &lt;p dir="ltr"&gt;10:00 Quality: Why are Incumbents Worse than Ever&lt;/p&gt; &lt;p dir="ltr"&gt;25:34 Why Was Selling Drift For $1.2BN a Massive Failure&lt;/p&gt; &lt;p dir="ltr"&gt;33:30 How Did a Cushy Culture Kill Drift&lt;/p&gt; &lt;p dir="ltr"&gt;37:01 What They Never Tell You About Selling for $1.2BN&lt;/p&gt; &lt;p dir="ltr"&gt;41:08 How to Hire F******* Rockstars&lt;/p&gt; &lt;p dir="ltr"&gt;46:52 The Biggest Mistakes Founders Make in Hiring&lt;/p&gt; &lt;p dir="ltr"&gt;54:52 Everything You Think You Know About Working Parents is Wrong&lt;/p&gt; &lt;p dir="ltr"&gt;01:02:00 Quickfire&lt;/p&gt; &lt;p&gt; &lt;/p&gt;</description>

Elias Torres is the Co-Founder and CEO of Agency, the AI agent for customer success teams. Prior to Agency, Elias was the Co-Founder of Drift, a company he sold to Vista for $1.2BN Before that he started Performable, which he sold to Hubspot.  In...

20VC: Selling Drift for $1.2BN is the Biggest Failure: What No One Tells You About Selling Your Company | Why Incumbents Are Slower & Worse Than Ever | Why the Most Valuable Companies in a World of AI Will Not Have More Than 100 People with Elias Torres

The Twenty Minute VC (20VC) interviews the world's greatest venture capitalists with prior guests including Sequoia's Doug Leone and Benchmark's Bill Gurley. Once per week, 20VC Host, Harry Stebbings is also joined by one of the great founders of our time with prior founder episodes from Spotify's Daniel Ek, Linkedin's Reid Hoffman, and Snowflake's Frank Slootman. 

If you would like to see more of The Twenty Minute VC (20VC), head to www.20vc.com for more information on the podcast, show notes, resources and more.

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

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