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 01:24 Anthropic Files to Go Public 07:27 The "Billion-Dollar Position" Era: VCs Reset Their Expectations 18:15 The Trillion-Dollar Cash Grab: Google, SpaceX, and OpenAI Rush the Queue 21:37 Is the SaaS Apocalypse Over? 30:02 Cognition Raises $1 Billion at a $26 Billion Valuation 32:46 Token Budgeting Panic Hits Corporate America 01:00:36 Big Law Flex: Kirkland & Ellis Pledges $500 Million to Build In-House AI 01:12:41 Robinhood's AI Move: Automating Financial Planning vs Beating the Market 01:21:05 Apollo Warns PE Software Returns Are About to Be Disastrous 01:30:27 The 9...