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. 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. ----------------------------------------------- Timestamps: 00:00 Intro 01:25 Anthropic freezes secondary sales, requiring board approval for all transfers 06:55 Why Anthropic is buying capacity from Elon Musk 12:21 Anthropic's massive $200B revenue commit to Google 16:03 Goldman Sachs predicts a 24x surge in token consumption driven by agents 27:46 Will AI labs eat the app layer? The threat to Legal and CX verticals 37:10 SaaS public markets: HubSpot tanks 18% while Monday.com finds its footing 41:47 Growth theft: How Clay is commoditizing ZoomInfo's data business 46:31 Cerebras prices IPO at $150–$160 with a $48B market cap 52:10 Real Ventu...