The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: NVIDIA Invests $100BN Into OpenAI | Is Triple, Triple, Double, Double Dead | Navan Files to go Public & Notion Hits $500M ARR | The Impact of H1B Visas on Startups in the US
349 snips
Sep 25, 2025 NVIDIA makes waves with a staggering $100 billion investment in OpenAI, raising questions about the competitive landscape. The hosts delve into the implications for Anthropic and other rivals, pondering if traditional growth models like 'triple-triple' are now obsolete. Navan's plans to go public generate buzz, while discussions around the impact of H-1B visa changes on startups reveal potential hiring challenges. Meanwhile, Notion celebrates hitting $500 million in ARR, showcasing the power of AI in re-acceleration.
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Scale Test With Unlimited Capital
- NVIDIA's $100B into OpenAI lets Sam Altman test large-scale compute economics and scaling laws in practice.
- The market will fund the experiment until returns show a clear stop or failure.
NVIDIA's Customer Concentration Risk
- NVIDIA's market cap is concentrated around a handful of huge customers, making it unusually single-threaded.
- Those customers are willing to spend aggressively, creating a high-stakes CapEx boom despite concentration risk.
AI Is An Apps Wave Plus A CapEx Boom
- The AI revolution has two parts: an apps adoption wave and an enormous AI CapEx boom.
- Firms are spending hundreds of billions of CapEx for infrastructure while current revenue is still modest.
