20VC: Anthropic Buys Compute From Elon & Commits $200BN to Google | Cerebras IPO: The Breakdown | Ramp’s $40BN Latest Valuation | Hubspot Tanks, Monday Rockets: WTF is Happening in Public Markets

AGENDA:

00:05:11 — Anthropic freezes secondary sales, requiring board approval for all transfers.

00:10:45 — Why Anthropic is buying capacity from Elon Musk.

00:15:35 — Anthropic's massive $200B revenue commit to Google.

00:18:55 — Goldman Sachs predicts a 24x surge in token consumption driven by agents.

00:31:05 — Will AI labs eat the app layer? The threat to Legal and CX verticals. 

00:37:55 — SaaS public markets: HubSpot tanks 18% while Monday.com finds its footing.

00:42:40 — Growth theft: How Clay is commoditizing ZoomInfo's data business.

00:46:25 — Cerebras prices IPO at $150–$160 with a $48B market cap.

00:52:15 — Real Venture Capital: Celebrating the early bets by Foundation and Benchmark.

00:58:30 — Ramp's valuation vs. the Chapter 7 collapse of e-commerce card Parker.

01:06:20 — Success and Sacrifice: Is mental health the price of building a $20B company?