# @20vc on YouTube

- **Type:** Video
- **Original URL:** https://youtube.com/watch?v=xs7bhb3NEFc
- **Gondola URL:** https://gondola.cc/posts/36741639-20vc-youtube
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/6e6e89ba9c.jpg
- **Posted:** 2025-11-10T15:01:27.000+00:00
- **Account Owner:** 20VC with Harry Stebbings (@20vc) — https://gondola.cc/20vc

## Caption

Ev Randle is a General Partner @ Benchmark, one of the best funds in venture capital. In their latest fund, they have Mercor ($10BN valuation), Sierra ($10BN valuation), Firework ($4BN valuation), Legora ($2Bn valuation) and Langchain ($1.4Bn valuation). To put this in multiples on invested capital, that is a 60x, two 30x and two 20x. Before Benchmark, Ev was a Partner @ Kleiner Perkins and before Kleiner, Ev was an investor at Founders Fund and Bond.
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Timestamps:

00:00 Intro
01:46 Biggest Investing Lessons from Peter Thiel, Mary Meeker and Mamoon Hamid
14:07 OpenAI Will Be a $TRN Company & OpenAI or Anthropic: Who Wins Coding?
24:12 Why We Should Not Focus on Margin But Gross Dollar Per Customer
30:41 Why AI Labs are the Biggest Threat to AI App Companies
41:15 Do Benchmark Fire Founders? If so… Truly the Best Partner?
55:48 People, Product, Market: Rank 1-3 and Why?
59:14 Why the Mega Funds Have Just Replaced Tiger
01:04:33 GC, Lightspeed and a16z Cannot Do 5x on Their Funds…
01:22:10 Single Biggest Threat to Benchmark
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Subscribe on Spotify:
https://open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466

Subscribe on Apple Podcasts:
https://podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465

Follow Harry Stebbings on X:
https://twitter.com/HarryStebbings

Follow Everett Randle on X:
https://twitter.com/EverettRandle

Follow 20VC on Instagram:
https://www.instagram.com/20vchq

Follow 20VC on TikTok:
https://www.tiktok.com/@20vc_tok

Visit our Website:
https://www.20vc.com

Subscribe to our Newsletter:
https://www.thetwentyminutevc.com/contact
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#20vc #harrystebbings #evrandle #benchmark #a16z #openai #ai #anthropic #megafunds #margins

## Stats

- **Views:** 13,786
- **Likes:** 186
- **Shares:** 0
- **Comments:** 13

## Credits

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| 20VC with Harry Stebbings | @20vc | https://gondola.cc/20vc | Podcast |

## Tags

margins, openai, harrystebbings, anthropic, megafunds, benchmark, evrandle, a16z, ai, 20vc

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