The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
01:03:01 · Harry Stebbings, Daniel Dines
[01:03:01] S1: To send $20,000,000 to some rogue invoice. I completely get you. What is the bear case? [01:03:07] S0: I think the bear case is AI will somehow become genius. Tokens cost will be next to zero. We'll have this literally millions of Einstein's in a data center. But Einstein's in a true sense, not only reasoning, in the sense of replacing a person, and I can assign them to every work in an enterprise, and they will just do it. That's the bear case against us. [01:03:35] S1: I mean, token cost has gone from $60 to $1 per million. So, I mean, the token cost will go to nothing. It's possible. [01:03:44] S0: Yeah. This is why I told you I would not, right now, stop an investment based on the token cost. Dude, I wanna... I could talk to [01:03:50] S1: you all day. I'd love to do a quick fire with you. So I say a short statement. You give me your immediate thoughts. Okay? Mhmm. What's the hardest thing about your job today as CEO of UiPath? [01:03:59] S0: It's aligning people. It's so different personalities, pride, ego that comes into place. This is the hardest. [01:04:07] S1: What has changed most about how you work as a CEO because of AI?
01:04:07 · Harry Stebbings, Daniel Dines
[01:04:07] S1: What has changed most about how you work as a CEO because of AI? [01:04:12] S0: I'm spending maybe half of my day right now, half of my day alone with myself in Visual Studio Code right now working with Claude and ChatGPT. I have way more leverage on my company than than before because we we change completely the way we operate. Most of the people, when they come with an idea to me, a year ago, they would come with a deck, and it was very hard even to prepare with this deck. Now everyone is gonna come with the markdown file, and I can put it into... I have a giant strategy folder that's... You know, I have, you know, AI agents working with this. I put this document in my folder, and then I can ask intelligent questions. [01:04:58] S1: If you had unlimited resources and zero retribution from Wall Street, what would you do that you're not doing? Maybe I will try to build my own frontier model. NVIDIA in three years' time, will it be above 7,500,000,000,000? [01:05:14] S0: It's We're there today. Five. [01:05:15] S1: Five sec. 5.6. Yeah. [01:05:17] S0: I can easily imagine 40% run for NVIDIA. I I would bet more on NVIDIA rather than Anthropic being a 7,000,000,000 company. Really, of course. Billions are nothing today.
01:05:17 · Daniel Dines, Harry Stebbings
[01:05:17] S0: I can easily imagine 40% run for NVIDIA. I I would bet more on NVIDIA rather than Anthropic being a 7,000,000,000 company. Really, of course. Billions are nothing today. [01:05:29] S1: Billions are nothing today. Yeah. You said something on a on a show that we did before, and it was like one of the most resonant things I've ever had in a show. And you said, I think a lot of people think they want to be me, but sometimes it's quite lonely alone in my head. And I always remember this because I I often feel the same. What would you advise to founders who feel lonely in their head and struggle with that today? [01:05:54] S0: I think they should surround themselves with their best friends from maybe childhood, have more frequent chats with them because they are the people that can relate the most to them before, and they can see them part of the transformation. And it's a nice thing to do anyway. You'll still be lonely, but you'll have the sense of some kind of continuity in your life. I I find one of the most rewarding part of my life, chatting, being with friends, family. This is really where you get a lot of the loneliness in a way, you know, appeal from the loneliness. [01:06:30] S1: A final one. What are you most excited for when you look forward? Like, my mother's got MS. I'm really excited for some of the breakthroughs that we'll see with chronic conditions and treatment of them. [01:06:41] S0: Yeah. I'm I'm very excited about longevity. You know, my friend, I have almost twice your age. [01:06:48] S1: You're not quite
01:06:48 · Harry Stebbings, Daniel Dines
[01:06:48] S1: You're not quite [01:06:49] S0: any Dude, are you kidding kind of gym or anything. [01:06:53] S1: No. What are you doing longevity wise? [01:06:55] S0: I... I'm doing quite a lot. I I got into, like, peptides, into supplements. I think... I I thinking around 60 different supplements a day and three forty peptides. Seriously. [01:07:08] S1: Yeah. Sixty? [01:07:09] S0: Sixty. Six zero. Yeah. [01:07:11] S1: What the fuck are you taking? [01:07:13] S0: And all of them have been recommended and vetted by AI. [01:07:19] S1: That's extraordinary. I mean, you look incredibly youngly, but 60 supplement... Like, in pills. No. You take them in, like... Because I do the longevity shape from Brian Johnson, which is, like, 60 in one, and I just have it every morning. You actually have 60 separate supplements. [01:07:33] S0: I I have a lot of pills. I also do some in form of powders, but, yeah, I have... I'll... I'm gonna show you tomorrow all my... I have little bags for throughout the day, like AM one, AM two, AM three. [01:07:48] S1: Extreme. That's extra It's [01:07:50] S0: very dorky [01:07:51] S1: of peptides, like, do you feel better? [01:07:53] S0: I think it's supposed to feel in the long term better. But, honestly, I feel I feel way better even than ten years ago. Kind of reducing booze quite quite a lot helped, and I know you are a big fan of booze. [01:08:07] S1: You don't still drink, do you? Do you still drink? [01:08:09] S0: I I drink a lot less these days.
01:08:09 · Daniel Dines, Harry Stebbings
[01:08:09] S0: I I drink a lot less these days. [01:08:13] S1: I love that. Dude, this has been so much fun. Thank you so much for putting up with my meandering. When does the book come out? [01:08:18] S0: It's already available for download. I'm printing also a few copies. We have our big fusion event coming in a couple of weeks, and I am... I'm distributing to everybody coming there a copy. [01:08:30] S1: Dude, this has been a pleasure. I'm gonna get a copy. I'm gonna get a physical copy because I'm old too, and so I like reading. [01:08:36] S0: It's my gift to you, Harry. Of course. [01:08:38] S1: There we go, dude. Thank you so much. [01:08:40] S0: Thank you, man.
01:08:42 · Harry Stebbings
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