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

**Jason Lemkin** (0:00)
Are there really enough developers in all of the solar system to keep Anthropic on the unprecedented growth path we have this year? There are categories of software where if they don't have a reason to exist in an agentic world, they will go into a terminal state of decay. If you're not accelerating, you're going to be destroyed, right? And at a minimum, you've got to raise guidance. I think ZoomInfo's growth was stolen from it from Clay and friends, and it's a brutal case study. It's a brutal case study.

**Rory O'Driscoll** (0:27)
Give me 30% growth. Give me profits. Give me a story that's got some future in it, and I'll get you back to five times. There you go. In capitalism, great.

**Harry Stebbings** (0:35)
This is 20VC with me, Harry Stebbings. It is my favorite show of the week. Rory O'Driscoll, Jason Lemkin, here to discuss the biggest news in tech this week. Anthropic partners with SpaceX to use their Colossus One data center, a mega move for both Elon and Dario. Plus, they commit $200 billion to Google over five years. Cerebras, IPO is 20x over subscribed, and they bump the range to $150 to $160.
Then, Ramp eyes a $40 billion valuation on their new fundraise. And finally, app love in HubSpot Cloudflare, post banging numbers. But the street doesn't necessarily share the optimism. What is going on? We analyze the public markets. But before we dive into the show today, are you a founder working nonstop to raise your next round? Are you an investor doing all you can for your portfolio companies to help them stand out? Funding and scaling a vision is challenging. Banking should not be. HSBC Innovation Banking caters to tech and healthcare founders all over the world who need a really great banking partner that matches their pace, offering fast onboarding, product packages designed for your business, and capital solutions built for high-growth startups and the VCs investing in them. With HSBC Innovation Banking's rapid onboarding, you can get access to your new accounts and facilities quickly, so your team can stay focused on building and scaling what's next. You'll be paired with your own dedicated team of venture ecosystem veterans who have the network and experience to guide companies in your specific sector, at your specific stage. And behind that support is this real strength, HSBC's $3 trillion balance sheet and global network that provides this stability and international reach needed to grow your operation with confidence. To see how HSBC Innovation Banking can support you, whether you're on day one or day a thousand, visit innovationbanking.hsbc to learn more and connect with an innovation banking specialist. That's innovationbanking.hsbc.
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