20VC: SpaceX Launches Largest Ever IPO | OpenAI Files to Go Public | Uber Cuts 23% of HR | Lovable Hits $500M ARR | Founders Revolt Against VCs: The Fundraising Horror Stories Going Viral

**Rory O'Driscoll** (0:00)
But the one thing we know about Elon for the last 30 years is when he hears the word more risks, he says, yes, please, I'll have two.

**Jason Lemkin** (0:07)
I think the IPO nominally will be a dud. I don't think it will trade up dramatically.

**Rory O'Driscoll** (0:11)
There's always money when people aren't afraid. When things get scary, it's not that money runs out. It's that money gets scared.

**Jason Lemkin** (0:18)
I'm kind of contentious of startups that need to be fat. I'm like, what's your excuse?

**Rory O'Driscoll** (0:22)
In any business, there's only two things that happen. People are either making stuff or selling stuff.

**Jason Lemkin** (0:28)
If AOL becomes the next hot thing, these guys are fucking geniuses.

**Rory O'Driscoll** (0:32)
Anyone who hasn't churned from AOL now, ain't churned until they die.

**Harry Stebbings** (0:37)
We are back, the favorite show of the week, the two OGs of SaaS and a posh British podcaster. It's Rory O'Driscoll, Jason Lemkin and me analyzing the biggest news in tech this week. So what do we have on the cards? We have the largest IPO in history. SpaceX begins their $75 billion IPO roadshow at a whopping $1.77 trillion valuation. Is the future of AI always on as Sam Altman thinks? OpenAI ships Dreaming V3, Apple rebuilds Siri on Google. Thank God, Siri being what it is, is a disgrace as it turns on on my device. And then finally, we have Ramp raising their latest round at $44 billion.
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