20VC: Anthropic Surpasses OpenAI Revenue | OpenAI Acquisition of TBPN: Analysed | OpenAI Management Team Reboot | YC Kicks Delve Out | Mercor Hack and Why Now is the Time for Cyber | Supabase Raising at $10BN & Doug Leone Returns to Sequoia
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
- Published
- April 9, 2026
- Duration
- 1h 27m
- Summary source
- description
- Last updated
- May 21, 2026
Discusses openai, anthropic, investing.
Summary
AGENDA: 03:59 — Anthropic Surpasses OpenAI in Revenue 12:43 — OpenAI Management Reboot 18:24 — OpenAI Buys TBPN 29:00 — SpaceX Files for IPO Targeting $2 Trillion Valuation 37:21 — Doug Leone Returns to Sequoia Capital 41:14 — YC Kicks Out Delve 45:21 — The Rise of Open Router 57:59 — Supabase Targeting $10B Valuation 01:08:18 — The Mercor Hack and AI Cyb…
In this episode of 20VC, Harry Stebbings discusses the latest tech news, including OpenAI's management changes, Anthropic's $30 billion revenue milestone, and SpaceX's confidential IPO filing targeting a $2 trillion valuation. The episode also covers the strategic moves of companies like Omni and Checkout.com, and d…
Key takeaways
- Anthropic's revenue has surpassed OpenAI, reaching $30 billion, and their training costs are significantly lower, suggesting a competitive advantage.
- OpenAI's management team is experiencing significant turnover, which may be impacting their competitive position.
- SpaceX is preparing for a historic IPO, potentially valuing the company at $2 trillion, highlighting the immense scale of modern tech IPOs.
Why this matters
The rapid growth and competitive dynamics between Anthropic and OpenAI, coupled with SpaceX's monumental IPO plans, underscore the shifting landscape and scale of the tech industry, influencing investment strategies and market valuations in unprecedented ways.
Entities
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Show notes
AGENDA: 03:59 — Anthropic Surpasses OpenAI in Revenue 12:43 — OpenAI Management Reboot 18:24 — OpenAI Buys TBPN 29:00 — SpaceX Files for IPO Targeting $2 Trillion Valuation 37:21 — Doug Leone Returns to Sequoia Capital 41:14 — YC Kicks Out Delve 45:21 — The Rise of Open Router 57:59 — Supabase Targeting $10B Valuation 01:08:18 — The Mercor Hack and AI Cyber Threats Moving Forward 01:17:25 — The $1.8B Two-Person Company
Themes
- openai
- anthropic
- investing