The Twenty Minute VC
Private-market fundraising and fund views, on a very dense schedule
1:01:15Data Centre Prices Don't Rise—the Data Shows Local Rates Fall
Crusoe founder counters with data: data centre construction catalyses new generating capacity, spreading additional megawatts across the same transmission network. Community electricity prices fall as a result, not rise.
1:11:11AI Won't Replace People — What Replaces Them Is Work Nobody Wrote Down
Models are interchangeable; what's actually valuable is the manual a company writes of how work gets done — that map of work is the irreplaceable asset of the AI era, and the only precondition for a company to train its own models.
1:11:42Anti-Data Centres Is Almost Entirely a Chinese Psyop
The American left and right are both fighting new data centres, and Thomas Sohmers thinks it is almost entirely a Chinese psyop — China is building flat out while the West slows itself down with regulation.
1:08:55A University Endowment CIO: Fund Lives Are Too Long, and GPs and Our Math Don't Line Up
The only reason private markets exist is to make money — but 15-to-18-year fund lives put GP incentives out of sync with endowment compounding math. What you should chase isn't the return multiple, it's the velocity of capital.
1:15:43Engineers stopped writing code a year ago, AI employees tripled the company
Eight Sleep's email marketing team went from 2 people to 0, with annual revenue approaching $100 million; engineers stopped writing code a year ago, replaced by hundreds of AI engineers. Matteo has started counting "human employees" and "AI employees" — counting AI, the company is three to four times its current size.