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@HarryStebbings "Index Ventures are the most impressive firm in venture today. They have more partners who have picked fund returners than any other firm. Figma ($59BN): @dannyrimer Revolut ($75BN): @martinmignot Adyen ($44BN) & Robinhood ($82BN): @janatindex Scale ($14.9BN): @mavolpi Wiz ($32BN): @shardul_shah Datadog ($46BN): @shardul_shah @bdalle Roblox ($86BN): @narimer Total $438.9BN Top X performers spread across X different partners X of the X have been investing at Index for more than XX years. This is a team sport. Go Long. My X takeaways with Martin Mignot 👇"
X Link @HarryStebbings 2025-08-11T17:15Z 302K followers, 16.1K engagements

"" All progress depends on the unreasonable man because the unreasonable man is the one who doesn't believe in boundaries and makes changes. Sometimes for the better sometimes for the worse. But reasonable men live within boundaries. You need unreasonable men to change things and move the world forward." One of the most special 20VC episodes we have done tomorrow with @mcannonbrookes @Atlassian"
X Link @HarryStebbings 2025-10-12T22:49Z 302K followers, 11.2K engagements

"5. The Single Greatest Threat to Atlassian Today Our biggest threat is losing our creativity. We want to be a multi-decade technology company. We need to be constantly reinventing ourselves not defending past wins. What are the best mechanisms youve used to protect creativity inside a scaled product org @dharmesh @patrickc @scottbelsky @gustavs @dhh"
X Link @HarryStebbings 2025-10-13T14:02Z 302K followers, 5860 engagements

"Just speaking to a $300M fund and they ask: Who is leading the round. We like to see and then follow from there. Founders this is s***. Do not work with conviction less investors like this. A la poubelle"
X Link @HarryStebbings 2025-09-18T20:39Z 301.9K followers, 73.4K engagements

"The single most common reason a VC will pass on a deal that becomes a decacorn: The market size is too small. Time and time again. This turns out to be the mistake"
X Link @HarryStebbings 2025-07-27T20:45Z 301.9K followers, 79.4K engagements

"1. $15M Revenue Company With Meh Growth Is X Value to a VC VCs are in the upside option game. A $15M revenue company that's perfectly good and has reasonable growth is actually of zero value to a VC. Love to hear your thoughts on whether these should be in PE or VC territory @kirbyman01 @honam @fintechjunkie @jasonfried"
X Link @HarryStebbings 2025-10-02T14:45Z 301.9K followers, 1957 engagements

"There is an astonishingly small amount of VCs in Europe who can write a $20M check at Series A and are actually good. Like can fit on one hand"
X Link @HarryStebbings 2025-09-20T20:34Z 302K followers, 27.3K engagements

"The work you do in private is the work you are rewarded for in public. Todays news is XX years in the making. $400M raised. Time to get back to work and work harder than ever"
X Link @HarryStebbings 2024-10-15T13:58Z 302K followers, 619.9K engagements

"Fascinating to think there was a time when speaking politics and personal political ambitions were encouraged in the office. @brian_armstrong so ahead of the pack"
X Link @HarryStebbings 2025-10-13T21:15Z 302K followers, 12.8K engagements

"Name a company that does $1BN in revenue with at least XX% margins that no one talks about I want to do shows with these founders. X work your magic"
X Link @HarryStebbings 2025-06-17T11:11Z 301.9K followers, 114.8K engagements

"Just seen @SetterVC's latest report on the most in-demand secondaries for private companies in Q3: Top X Risers in the Top 30: X. @canva up X places to #12 X. @CrusoeAI up X places to #11 X. @AnthropicAI up X places to #1 and dethrones SpaceX. Flip side top fallers: X. Scale AI down XX to #18 X. Circle Klarna Figma graduated the list post-IPO X. Cribl Flock Safety Notion falls off due to buyer demand. Fun fact: AI now makes up XX of XX spots on the list. 👇 Visit for the full list #investing #business #startup #investment #founder #entrepreneur #vc #secondary"
X Link @HarryStebbings 2025-10-15T16:26Z 302K followers, 6563 engagements

"Index Ventures are the most impressive firm in venture today. They have more partners who have picked fund returners than any other firm. Figma ($59BN): @dannyrimer Revolut ($75BN): @martinmignot Adyen ($44BN) + Robinhood ($82BN): @janatindex Scale (14.9BN): @mavolpi Wiz ($32BN): @shardul_shah Datadog ($46BN): @shardul_shah @bdalle Roblox ($86BN): @narimer Total $XXXXX billion 😎 Top X performers spread across X different partners. X of the X have been investing at Index for more than XX years. This is a team sport. Go long"
X Link @HarryStebbings 2025-08-03T16:51Z 302K followers, 100.9K engagements

"I think someone missed the XXX memo. 😬"
X Link @HarryStebbings 2025-10-09T11:53Z 302K followers, 69.8K engagements

"OpenAI and Anthropic will have to create their own chips AI is going to cause massive labor shortages. I would be surprised if in five years Nvidia wasn't worth $XX trillion The best podcast episodes are opinionated gritty and go against everything you thought you knew. This is that and more and my X takeaways with @JonathanRoss321 👇 Spotify 👉 Youtube 👉 Apple Podcasts 👉 Timestamps: (00:00) Intro (01:10) Analyzing the Current Market Landscape (03:33) Why the Hyperscalers Have to Keep Spending Recklessly on AI (12:35) Why OpenAI and Anthropic Will Have to Build Their Own Chips (18:14)"
X Link @HarryStebbings 2025-09-29T14:30Z 302K followers, 102.2K engagements

"@BiscottoAnthon1 @im_roy_lee @mattppal @bryan_johnson @bchesky @jonathanzliu come train with me"
X Link @HarryStebbings 2025-10-15T18:15Z 302K followers, XX engagements

"11 years ago I sent an email to one of the investing greats of our time. I was XX and a student of VC. He responded in X mins and we have had a friendship that has lasted ever since. Today I signed the docs to become an LP in his new fund. Special moment. Meet your heroes sometimes they are more awesome than even you imagine"
X Link @HarryStebbings 2025-10-04T14:21Z 302K followers, 121K engagements

"In 2015 Matrix Partners signed a term sheet to buy XX% of Airwallex for $2M. However they pulled the signed term sheet. Today that $2M would be worth $1.24BN. One of the most costly mistakes in recent VC times"
X Link @HarryStebbings 2025-05-26T17:24Z 302K followers, 68.5K engagements

"The quote I always think of when writing questions for a 20VC episode: "Great minds discuss ideas. Average minds discuss events. Small minds discuss people. See great minds can see into the future." Eleanor Roosevelt"
X Link @HarryStebbings 2025-10-11T15:21Z 302K followers, 13.9K engagements

"The only podcast you have to listen to every week. No politics. Just tech. - Are burn multiples BS in an AI world - Sam Altman needs $1TRN of energy - Klarna Figma Stubhub: Are public markets turning - FiveTran & DBT: Is the wave of consolidation about to begin Spotify 👉 Youtube 👉 Apple Podcasts👉 Timestamps: (00:47) Understanding Burn Multiples and Capital Efficiency in an AI World (12:57) What Metrics Founders Need to Focus on in a World of AI (20:59) The Role of Kingmakers in Venture Capital: Harvey Abridge Profound (33:50) Klarna Figma Stubhub all Down: Are Public Markets Turning"
X Link @HarryStebbings 2025-10-02T14:45Z 301.9K followers, 14.3K engagements

"Everyday I am in the gym at the same time as an old man on the treadmill. Today I stopped him after the workout and introduced myself. Turns out he started his business in 1982. He has scaled it over the last XX years slowly but steadily every year. Today the business does $4.5BN in revenue. He owns XXX% of it. Never raised a dollar. At XX he remains CEO. Thats a magical story of entrepreneurship"
X Link @HarryStebbings 2025-10-05T21:35Z 302K followers, 545.7K engagements

"1. Sam Altman Is the Master Power Broker He has more power than AMD so he takes XX% of the company for the privilege of selling to OpenAI. He has less power than Nvidia so he gives them equity for the privilege of selling to OpenAI. Paul Graham was right: Sam Altman understands power. Love to hear your thoughts on this @paulg"
X Link @HarryStebbings 2025-10-09T14:11Z 301.9K followers, XXX engagements

"Two reasons why XX% of seed stage companies dont make it to Series A: X. They dont build something people want. X. Co-Founder breakup. Avoid these two and you are the 1%"
X Link @HarryStebbings 2025-10-15T21:55Z 302K followers, 28.5K engagements

"We chat a lot in venture about how big our funds are and think we are all big-time players. Then PE walks into the room Philipp Freise is the man behind @KKR_Co's $8BN European fund; the largest private fund in Europe. Wow this show does not disappoint. - Why Philipp does not believe tariffs are the right answer - How KKR construct their $8BN portfolio - How KKR deployed XX% of their fund in COVID - The wild story behind Turkey and losing $500M there - What Europe needs to do to keep pace with China and the US My X takeaways below 👇"
X Link @HarryStebbings 2025-06-30T15:40Z 302K followers, 8177 engagements

"So @Atlassian is on a fricking tear. In the last few months they have spent $1.6BN on M&A. - DX Labs: $1BN - The Broswer Company: $610M - Cycle: Undisclosed I think @mcannonbrookes is one of the most exceptional leaders in technology. The man has scaled Atlassian to: - $5BN ARR (FY 25) - 13000 employees - The dude even owns several sports teams (what a hero) Today we sit down with the most unreasonable man in tech for a discussion like never before. My X biggest takeaways below: Spotify 👉 Youtube 👉 Apple Podcasts 👉 Timestamps: 0:00 Intro 0:45 Lessons from XX years as co-CEOs with Scott"
X Link @HarryStebbings 2025-10-13T14:02Z 302K followers, 41.7K engagements

"The greatest joy of building 20VC Fund has been my partnership with @Kieranleehill. He is one of the greatest seed investors of our generation and one of the best fathers and friends out. Happy Birthday my friend and may you forever make me look young 🤣"
X Link @HarryStebbings 2025-10-10T20:35Z 302K followers, 8735 engagements

"2. We Will Have More Devs and More Software in a World of AI Software will be cheaper to build & we are not running out of ideas for software anytime soon. There will be more devs & they will be far more efficient. We will create far more technology. Will we have more or less software engineers in X years @scottwu46 @antonosika @amasad @yongfook @GergelyOrosz"
X Link @HarryStebbings 2025-10-13T14:02Z 301.9K followers, XXX engagements

"2. The Mega Leverage That OpenAI Has Despite Being Unprofitable OpenAIs leverage is user demand not profits. Vendors like Nvidia & AMD believe OpenAIs revenue will grow from $12BN to $200BN and that it takes $100BN/year in chips to do it. Selling to OpenAI is worth XX% of your company. Do you think user demand OpenAIs #1 leverage and is it sustainable @mignano @mmurph"
X Link @HarryStebbings 2025-10-09T14:11Z 301.9K followers, XXX engagements

"The only podcast you have to listen to every week. No politics. Just tech. - OpenAIs Multi $BN Deal with AMD - Polymarket Vercel & Supabase Raise Mega Rounds - Harvey vs. Legora: Does Kingmaking Really Work in Venture - Chamath is Back: The SPAC is Back. Spotify 👉 Youtube 👉 Apple Podcasts 👉 Timestamp: (01:06) OpenAI and AMD's Major Partnership (06:56) Microsoft Have F*** Up the OpenAI Partnership (16:59) OpenAI's Developer Day Announcements (30:58) Why VC is the Most Forgiving Asset Class on Price and Valuation (42:29) What Does it Take to IPO in 2025: Why Snyk Will Not IPO (58:02) Vercel"
X Link @HarryStebbings 2025-10-09T14:11Z 302K followers, 12.7K engagements

"I sit in the Project Europe meetings every week and see the most incredible amount of 18-25 year olds. If you are not bullish on the future of Europe you simply are not meeting the right people"
X Link @HarryStebbings 2025-10-06T18:00Z 301.9K followers, 23.9K engagements

"2. Nvidia Is Showing Signs That It Is Running Out of Innovation and Needs to Use Bully Tactics to Win When big incumbents are running out of growth they use their balance sheet more & their technology less. They buy business and pre-announce products to freeze competitors and customers. Nvidia fits this pattern. Love to hear your thoughts on this and if this is a sign of NVIDIA growth slowing @stanboland @Thom_Wolf @LiamFedus"
X Link @HarryStebbings 2025-10-06T14:17Z 301.9K followers, XXX engagements

""Triple triple double double is dead. Going from $1M to $3M to $9M is not interesting. You have to go $1M to $15M to $100M." @chetanp @honam @rabois @jasonlk @bdeeter @ttunguz is triple triple double double dead Have our growth expectations changed forever"
X Link @HarryStebbings 2025-09-21T19:01Z 302K followers, 2.1M engagements

"Will We Have More or Less Engineers in Five Years: (@mcannonbrookes) "We will create far more technology. Software developers are not going away. Five years from now we'll have more engineers working for our company than we do today. We will create far more and they will be more efficient. Technology creation is not output-bound. The demand supply is off the charts. We don't have a shortage of ideas for new technology that we want." Love to hear your thoughts on this @mntruell @ScottWu46 @tobi @levie"
X Link @HarryStebbings 2025-10-14T23:25Z 302K followers, 5893 engagements

"1. The Secret to Co-CEOship Find the sweet spot of shared responsibilities: Scott and I overlap by 60-80%. We interchange roles & functions over various periods of time. You need a clear understanding of roles but also a shared context to make it work. What is your single biggest lesson on what it takes to make Co-CEO work @shuoshuooshuooo @pedroh96 @torstenreil @collinmathilde"
X Link @HarryStebbings 2025-10-13T14:02Z 301.9K followers, XXX engagements

"I am really sorry but in the year 2025 the idea of putting OOO on email autoresponder is insane. You have a phone keep emailing. 😂"
X Link @HarryStebbings 2025-06-17T21:55Z 302K followers, 220.6K engagements

"@itsbrianwool @rodriscoll Genuinely means the world to me to see this @jasonlk and Rory are the stars"
X Link @HarryStebbings 2025-10-12T15:34Z 301.8K followers, XX engagements

"Last week @andrewdfeldman and @cerebras withdrew their S-1 and instead raised $1BN from Fidelity in the private markets without explanation. As always 20VC gets their ahead 😉 and sat down with Andrew to discuss: - Why raise $1BN instead of going public - The signs that NVIDIA are Worried About Growth - Concentration of Value in Mag7 - Can the US Supply the Energy for AI My X takeaways with @andrewdfeldman 👇 Spotify 👉 Youtube 👉 Apple Podcasts 👉 Timestamps: (01:19) Why We Did Not IPO and Raised $1BN From Fidelity (04:17) Analysis of Chip and Compute Landscape Today (13:22) NVIDIA Showing"
X Link @HarryStebbings 2025-10-06T14:17Z 302K followers, 12.3K engagements

"6. Fave Quote from Tobi @ Shopify "A founders job is to fight the entropy of ambition" We cannot be complacent: Fight for every customer and user. Stay hungry act small: There is a long way to go. What is your single biggest takeaway from working with @tobi @harleyf @CanadaKaz @glencoates @siavashg"
X Link @HarryStebbings 2025-10-13T14:02Z 302K followers, 3237 engagements

"In June 2008 Emergence invested $4M into Veeva Systems. On the day of Veevas IPO (April 2013) Emergence held a XXXX% stake. Veevas market cap today: $47.5BN. Wow"
X Link @HarryStebbings 2025-07-26T23:12Z 302K followers, 35.8K engagements

"2. Why 30-50 People Turned Down the Chance to Make $BNs on This Pre-Seed Three reasons: - They werent convinced we could fix the research. - They thought voice AI was a small market. - They doubted our defensibility against incumbents. What no haunts you most In hindsight what did you not see that you wish you had seen @torenberg @dscheinm @lpolovets"
X Link @HarryStebbings 2025-09-08T17:08Z 302K followers, 1165 engagements

"1. Elons $TRN Pay Package Analysed The Tesla board believes in X things: X. They want the Elon bet. X. If they didnt give him the new pay bump he might leave. X. They are paying him to double down: $8.5T market cap $400BN EBITDA robotaxis They want Tesla to become the largest market cap company on the planet & Elon is the man to do it. Is Elons pay package a one-off or will we start seeing a shift in big tech @delian @shaunmmaguire @bgurley"
X Link @HarryStebbings 2025-09-11T15:45Z 302K followers, XXX engagements

"1. Why OpenAI Will Not Beat ElevenLabs With a Voice Product There are only 50-100 world-class researchers in voice AI & we have 5-10 of them. Our text-to-speech speech-to-text & music tools are blowing everyone else out of the water. You need many additional steps to perfect voice AI & OpenAI is not investing as much time there as they could there. Love to hear how you got comfortable with this @andrew__reed @slpierre @reecechowdhry"
X Link @HarryStebbings 2025-09-08T17:08Z 302K followers, XXX engagements

"Is Per Seat Pricing Dead in a World of AI: "There are two logical replacements: X. Value-based pricing. X. Consumption-based pricing. Talk to customers about consumption based pricing. They do not love it. The problem with value based pricing is customer and vendor have to align on the attribution of value." How do you think about this and the future of pricing in SaaS @Benioff @destraynor @btaylor @thejessezhang"
X Link @HarryStebbings 2025-10-13T19:08Z 302K followers, 22.9K engagements

"4. Does per Seat Pricing Die in a World of AI There will be X logical replacements: per-value delivered & consumption model. Customers hate the consumption model & it is hard to measure per-value outcomes. Seat-based pricing wont die but it will likely mix with one of these two. Do you think per seat pricing dies in a world of AI @tanayj @TheEthanDing @jasonfried @TimSuzman @medinism"
X Link @HarryStebbings 2025-10-13T14:02Z 302K followers, XXX engagements

"Fun Fact: 20VC Fund is invested in XX% of these companies. 👇 🔥 Awesome work @a16z @kirbyman01 👏"
X Link @HarryStebbings 2025-10-02T18:26Z 301.8K followers, 24.3K engagements

"I have been investing for XX years. I have never seen markets as frothy as this. 200x revenue valuations are back. Less diligence than ever. Less focus on business fundamentals than ever. Lets see how this plays out"
X Link @HarryStebbings 2025-09-24T11:13Z 302K followers, 146.3K engagements

"1. WTF Is Going on in the World of Chips Right Now There is unbelievable demand & nobody knows where itll go in the future. We have customers asking us for 5M to 40M queries per second. Companies are reserving capacity as future options. To what extent do you think we underestimate demand today @steeve @bernhardsson @adithya_s_k"
X Link @HarryStebbings 2025-10-06T14:17Z 301.9K followers, XXX engagements

"If I was Nik I would have absolutely made the same decision. XX% holding of Revolut. Company will be worth $200BN without a doubt. $36BN position at that price. His cap gains bill alone would be $8BN-$10BN. Now in the UAE it will be $X. The Labour government has to realise we are in a global war for talent. Sad and mega loss for the UK"
X Link @HarryStebbings 2025-10-07T18:57Z 302K followers, 1.1M engagements

"It was not enough to lose $8BN in future capital gains from Nik at Revolut. The grim reaper is coming for the rich now. The UK is entering a multi decade structural decline because of the ineptitude of this government. None of them have run a business. Zero"
X Link @HarryStebbings 2025-10-13T10:15Z 302K followers, 53.2K engagements

"I made a $250M mistake by thinking I was smarter than a market. I met an incredible entrepreneur in 2020. Raising $2M on $10M post. I could have done a $250K investment. The founder; clearly brilliant. The market; I doubted could facilitate a $10BN+ new player. The company is worth $14BN today making my $250K circa $250M with dilution. Bet on founders. Truly great founders find a way"
X Link @HarryStebbings 2025-10-08T12:01Z 302K followers, 144.9K engagements

"One of the hardest things to realize if you want to build a generational defining company. There are not always enough seats on the rocketship for everyone. Even the ones you love. What has got you here wont always get you to the next chapter. You are never wrong to do the right thing and the right thing is often the hard thing"
X Link @HarryStebbings 2025-10-09T11:11Z 301.9K followers, 23.3K engagements

"3. Why None of the AI Startups Today Have a Moat and Why It Does Not Matter Everyone is copying each other & the switching costs are near zero. Defensibility in the future will come from value data and workflows. Incumbents & startups both have a good shot at winning. How do you think about defensibility in a world of AI @ttunguz @paulbz @_fredrik @michakaufman"
X Link @HarryStebbings 2025-10-13T14:02Z 301.9K followers, XXX engagements