20VC: Lovable Raises at $2BN & Hits $100M ARR | Is Cursor Worth $28BN at $1BN in ARR | How Do All Providers Deal with Anthropic Dependency Risk | Are Seed Funds F******: Have Mega Funds Won | Figma IPO Breakdown: Where Does it Price?

Agenda:

00:00 – Did Jason Just Kill Replit?

03:45 – Why Claude Lies To You and Cannot Be Trusted

06:50 – You Cannot Trust Agents. Period.

10:20 – Why Windsurf Was Dead Without Claude

12:30 – Cursor vs. Lovable: What's the Better Bet?

14:40 – Should You Still Invest in Cursor at $28B?

18:05 – Would You Bet on Anthropic at $100B or OpenAI at $300B?

24:15 – Inside OpenAI's Secret Weapon: The Calvin French-Owen Memo

27:50 – Perplexity Just Crushed ChatGPT and Claude

32:15 – Will Cursor Build Their Own Models Before Anthropic Cuts Them Off?

33:20 – Figma's IPO at $16B: Outrageous or Fair Game?

41:55 – 90% of Seed Funds Are Cooked—Is Rob Go Right?

52:15 – How Often Do You Meet a Founder Who Can Return the Fund?

1:08:00 – Which Seed Fund Would You Back Today?