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 00:57 - NVIDIA’s $6BN Poolside Deal and the Capital Wall in AI 07:30 - Is a 15x Return Enough for Seed Investors? 13:17 - Why NVIDIA Is Investing in Mercor at $20BN 20:10 - How Big Can AI Data Companies Become? 25:29 - OpenAI Confirms Its 2027 IPO 29:20 - Has Anthropic Overtaken OpenAI? 36:00 - What Is OpenAI’s Differentiated Mission Today? 38:14 - Why Coding Became the Most Important AI Market 42:38 - Why Hugging Face Could Sell for $13BN 47:08 - Citadel Cashes Out of the Leopold AI Trade 51:58 - Is AI Permanently Inflating Silicon Valley? 54:52 - How Much Longer Can the...