Rory O’Driscoll is a General Partner @ Scale where he has led investments in category leaders such as Bill.com (BILL), Box (BOX), DocuSign (DOCU), and WalkMe (WKME), among others. Jason Lemkin is one of the leading SaaS investors of the last decade with a portfolio including the likes of Algolia, Talkdesk, Owner, RevenueCat, Saleloft and more. ---------------------------------------------- In Today’s Episode We Discuss: 00:00 Intro 00:46 Builder.ai Implodes: $500M Gone & Fraud Allegations Begin 07:42 The Dirty Truth About Late-Stage Venture Math 14:25 The Hinge IPO: Who Won, Who Lost, and Why It’s a Game Changer 21:18 The Chime Bombshell: Late-Stage VCs Forced to Crystallize Huge Losses 24:21 Why YC Is Both Chanel and Walmart & Has Officially Won 30:07 Seed Is Easy. Series A Is Brutal. Here's Why 36:01 The Silent Killer: How Dilution Is Screwing VCs Without Them Realizing 44:48 OpenAI’s $6B Jony Ive Deal: Genius or Delusion? 46:47 Does OpenAI Win the Hardware War 01:03:04 Duolingo,...