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[@HarryStebbings](/creator/twitter/HarryStebbings)
"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](https://x.com/HarryStebbings/status/1978497757947031804) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-15T16:26Z 302.6K followers, 7794 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](https://x.com/HarryStebbings/status/1846188870452367543) [@HarryStebbings](/creator/x/HarryStebbings) 2024-10-15T13:58Z 302.6K followers, 621.9K engagements


"3. The Most Valuable Venture Firms Are the Ones You Can Actually Sell Most venture firms are not businesses: theyre collections of individuals. If you remove the partners theres no residual value. No IP no moat no brand. But when you build an institutionalized process-driven platform (like Industry Ventures) you create something acquirable. Did you always think about building a machine that was IPOable or acquirable @paulg @pmarca @matthewclifford"  
[X Link](https://x.com/HarryStebbings/status/1978830972415029368) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-16T14:30Z 302.6K followers, 2831 engagements


"4. In AI Your Downside Isnt Valuation: Its Founders Leaving One co-founder of a $10BN AI startup left for a $3.5B Meta package. No misconduct. Just better personal economics. For early-stage investors founder loyalty not preferences or terms is the real risk. Love to hear your thoughts on this @alexisohanian @rabois @vhankes @mmurph"  
[X Link](https://x.com/HarryStebbings/status/1978830974319276157) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-16T14:30Z 302.6K followers, 2799 engagements


"Today @Bouazizalex announced that @deel have raised $300M at a $17BN+ valuation. He only did one podcast to announce the round and discuss the last XX months. 20VC coming on Monday 👇"  
[X Link](https://x.com/HarryStebbings/status/1978865599355728381) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-16T16:48Z 302.6K followers, 37.6K 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](https://x.com/HarryStebbings/status/1935094081077514331) [@HarryStebbings](/creator/x/HarryStebbings) 2025-06-17T21:55Z 302.5K followers, 220.6K engagements


"I think someone missed the XXX memo. 😬"  
[X Link](https://x.com/HarryStebbings/status/1976254618314084405) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-09T11:53Z 302.5K followers, 70K 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](https://x.com/HarryStebbings/status/1977736796545954084) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-13T14:02Z 302.5K followers, 6220 engagements


"Is Design More or Less Valuable in a World of AI: (@mcannonbrookes) "It is all about design. Yes. Data is really important. Yes. Models and fundamentals and all these different things are important. I think what is underwritten is the importance of design. When you have any major technological transition we're back to an era of fundamental design." Love to hear your thoughts on this and how design changes in a world of AI @disco_lu @lennysan @karrisaarinen @joulee"  
[X Link](https://x.com/HarryStebbings/status/1978118095953686655) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-14T15:18Z 302.4K followers, 5322 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](https://x.com/HarryStebbings/status/1949246384219013217) [@HarryStebbings](/creator/x/HarryStebbings) 2025-07-26T23:12Z 302.6K followers, 35.8K 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](https://x.com/HarryStebbings/status/1949571994690965745) [@HarryStebbings](/creator/x/HarryStebbings) 2025-07-27T20:45Z 302.6K followers, 79.4K 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](https://x.com/HarryStebbings/status/1952049582797365288) [@HarryStebbings](/creator/x/HarryStebbings) 2025-08-03T16:51Z 302.6K followers, 100.9K 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 $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](https://x.com/HarryStebbings/status/1954954726430347370) [@HarryStebbings](/creator/x/HarryStebbings) 2025-08-11T17:15Z 302.6K followers, 16.1K 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](https://x.com/HarryStebbings/status/1969500412219629799) [@HarryStebbings](/creator/x/HarryStebbings) 2025-09-20T20:34Z 302.6K followers, 27.3K 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](https://x.com/HarryStebbings/status/1970808802745417911) [@HarryStebbings](/creator/x/HarryStebbings) 2025-09-24T11:13Z 302.6K followers, 146.4K 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](https://x.com/HarryStebbings/status/1976289460183560686) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-09T14:11Z 302.6K followers, 12.8K engagements


"5. What Does It Take to IPO in 2026 There have been XX IPOs up to date. The median revenue run rate is $931M growing around 30%. The cutoff is around $200M-300M. Love to hear your thoughts on this @bgurley @altcap"  
[X Link](https://x.com/HarryStebbings/status/1976289473723056603) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-09T14:11Z 302.6K followers, 3470 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](https://x.com/HarryStebbings/status/1977736782608286198) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-13T14:02Z 302.5K followers, 41.9K 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](https://x.com/HarryStebbings/status/1977736793907773715) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-13T14:02Z 302.6K followers, XXX 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](https://x.com/HarryStebbings/status/1927053184524022247) [@HarryStebbings](/creator/x/HarryStebbings) 2025-05-26T17:24Z 302.6K followers, 68.5K 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](https://x.com/HarryStebbings/status/1939710588763967576) [@HarryStebbings](/creator/x/HarryStebbings) 2025-06-30T15:40Z 302.6K followers, 8178 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](https://x.com/HarryStebbings/status/1969839429566210160) [@HarryStebbings](/creator/x/HarryStebbings) 2025-09-21T19:01Z 302.6K followers, 2.1M engagements


"3. Board Members Are Wrongly Advising That Triple Double Is Good Enough. It is terrible advice. Triple triple double double is not good enough in 2025 anymore. Love to hear your thoughts on this @htaneja @DenehyXXL @rabois"  
[X Link](https://x.com/HarryStebbings/status/1973761361370103985) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-02T14:45Z 302.6K followers, 3316 engagements


"4. AI Is It BS or Going to Change the World; One of the Two Will Happen Option A: Productivity will dramatically change. Companies like OpenAI will easily rake in $200BN-300BN in revenue. Option B: AI is still good but we will enter a readjustment period. One of them will happen in the next 5-7 years. How do you think about this with the realisation we always overestimate in the short term and underestimate in the long term @JonathanRoss321 @andrewdfeldman @mamoonha"  
[X Link](https://x.com/HarryStebbings/status/1973761363794137576) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-02T14:45Z 302.6K followers, 3417 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](https://x.com/HarryStebbings/status/1974951498334208381) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-05T21:35Z 302.6K followers, 546.6K 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](https://x.com/HarryStebbings/status/1975203751859257549) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-06T14:17Z 302.6K followers, 12.3K 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](https://x.com/HarryStebbings/status/1976289464981831875) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-09T14:11Z 302.6K 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](https://x.com/HarryStebbings/status/1976289466944823775) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-09T14:11Z 302.6K followers, XXX 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](https://x.com/HarryStebbings/status/1977845627946975476) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-13T21:15Z 302.6K followers, 13K engagements


"What is the Future of Vibe Coding: (@mcannonbrookes) " I will end up with far more generalists I will have people in finance vibe coding an application to solve a financial problem for themselves. There's lots of these examples where people whose job is not "a developer" but I'm now making technology. That's a great thing. " Love to hear how you think vibe coding changes the structure of roles and orgs @antonosika @amasad @rauchg @jasonlk @zoink"  
[X Link](https://x.com/HarryStebbings/status/1977875245190045928) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-13T23:13Z 302.6K followers, 6065 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](https://x.com/HarryStebbings/status/1978240653076115472) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-14T23:25Z 302.6K followers, 6254 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](https://x.com/HarryStebbings/status/1978580564690051527) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-15T21:55Z 302.6K followers, 114.5K engagements


"Just sent a deal to a dear friend and mentor who is one of the greatest of our time. Sent at 8:12AM PST and response provided to me and founder by 8:18AM. Speed is a feature of the best"  
[X Link](https://x.com/HarryStebbings/status/1979948684180697400) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-19T16:32Z 302.6K followers, 26.1K engagements


"You can tell a top X% founder purely from how they structure the angel component of a fundraise. The blurb they suggest. The forwardable email they send for each. The specific angels they want in. All says so much about their quality"  
[X Link](https://x.com/HarryStebbings/status/1980051360528875713) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-19T23:20Z 302.6K followers, 42K engagements


"3. The Two Types of Acquisitions That Deel Do Two types: X. Core market: We buy the team & revenue bring them in house then rip & replace their infrastructure with ours. X. Adjacent market: We rebuild the entire infrastructure from ground up. What are the core aspects that make a company attractive for you to acquire @mcannonbrookes @drewhouston @spenserskates @jasonfried"  
[X Link](https://x.com/HarryStebbings/status/1980280201733947785) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-20T14:29Z 302.6K followers, XXX engagements


"4. How Deel Ramp New Acquisitions So Fast Post acquisition timeline: - Month 1-2: Rebuild all frontend inside Deel while backends still connected to current company. - Month 3-12: Rebuild full backend depending on scale. - In parallel: Migrate existing customers start selling new product fix bugs and close product gaps. We can reach product scale in X months while others take XX. How do the single best founders you have worked with do integration so well @honam @chadbyers @bdeeter @martin_casado"  
[X Link](https://x.com/HarryStebbings/status/1980280204116287648) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-20T14:29Z 302.6K followers, 3452 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](https://x.com/HarryStebbings/status/1975636738488803729) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-07T18:57Z 302.6K 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](https://x.com/HarryStebbings/status/1977679608083538159) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-13T10:15Z 302.6K followers, 53.8K engagements


"Two brands in VC that are crushing right now more than any other: X. @ycombinator: Under @garrytan leadership. Another level achieved. 👏 @t_blom is one of the greatest early stage investors right now. X. @a16z: @martin_casado is a true OG. @kirbyman01 @seema_amble are two of the best to work with. Both exceptional"  
[X Link](https://x.com/HarryStebbings/status/1978819134621168073) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-16T13:43Z 302.6K followers, 59.5K engagements


"The only podcast you have to listen to every week. No politics. Just tech. - Thinking Machines Co-Founder Joins Meta for $3.5BN - Goldman Sachs Acquires Industry Ventures for $665M - Softbank Borrows $5BN Against ARM Holding to Invest More Into OpenAI. Spotify 👉 Youtube 👉 Apple Podcasts 👉 Timestamps: 00:00 Intro 00:51 Pre-Show Chat: Rory Is So Old He Worked with Arthur Rock 04:42 Goldman Sachs Acquires Industry Ventures for $665M 14:45 Thinking Machines Co-Founder Raises $2BN and Then Leaves for Meta 30:05 SoftBank Goes for $5BN Leverage Against ARM Stock To Buy More OpenAI 33:41 More Data"  
[X Link](https://x.com/HarryStebbings/status/1978830961920888980) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-16T14:30Z 302.6K followers, 11.3K engagements


"5. Biggest Lesson From Failed M&A The acquisition that did not work out were ones where we said Why not instead of Hell yeah They are usually at the end of the line: Has minimal revenue adjacent enough to be relevant but not enough for me to care. What has been your biggest lesson from M&A that did not work @eldsjal @tjparker @ilyasu"  
[X Link](https://x.com/HarryStebbings/status/1980280206058205213) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-20T14:29Z 302.6K followers, 2925 engagements


""I would have most liked to have @Alfred_Lin on my board. He is one of the best investors in the world. He understands the business he invests in a lot more deeply than other board members." @Bouazizalex What have been your biggest takeaways from working with Alfred @mansourtarek_ @t_xu @ryansandler_ @CameronLMcCord"  
[X Link](https://x.com/HarryStebbings/status/1980334952882544951) [@HarryStebbings](/creator/x/HarryStebbings) 2025-10-20T18:07Z 302.6K followers, 6170 engagements

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

@HarryStebbings "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 302.6K followers, 7794 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 302.6K followers, 621.9K engagements

"3. The Most Valuable Venture Firms Are the Ones You Can Actually Sell Most venture firms are not businesses: theyre collections of individuals. If you remove the partners theres no residual value. No IP no moat no brand. But when you build an institutionalized process-driven platform (like Industry Ventures) you create something acquirable. Did you always think about building a machine that was IPOable or acquirable @paulg @pmarca @matthewclifford"
X Link @HarryStebbings 2025-10-16T14:30Z 302.6K followers, 2831 engagements

"4. In AI Your Downside Isnt Valuation: Its Founders Leaving One co-founder of a $10BN AI startup left for a $3.5B Meta package. No misconduct. Just better personal economics. For early-stage investors founder loyalty not preferences or terms is the real risk. Love to hear your thoughts on this @alexisohanian @rabois @vhankes @mmurph"
X Link @HarryStebbings 2025-10-16T14:30Z 302.6K followers, 2799 engagements

"Today @Bouazizalex announced that @deel have raised $300M at a $17BN+ valuation. He only did one podcast to announce the round and discuss the last XX months. 20VC coming on Monday 👇"
X Link @HarryStebbings 2025-10-16T16:48Z 302.6K followers, 37.6K 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 302.5K followers, 220.6K engagements

"I think someone missed the XXX memo. 😬"
X Link @HarryStebbings 2025-10-09T11:53Z 302.5K followers, 70K 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 302.5K followers, 6220 engagements

"Is Design More or Less Valuable in a World of AI: (@mcannonbrookes) "It is all about design. Yes. Data is really important. Yes. Models and fundamentals and all these different things are important. I think what is underwritten is the importance of design. When you have any major technological transition we're back to an era of fundamental design." Love to hear your thoughts on this and how design changes in a world of AI @disco_lu @lennysan @karrisaarinen @joulee"
X Link @HarryStebbings 2025-10-14T15:18Z 302.4K followers, 5322 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 302.6K followers, 35.8K 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 302.6K followers, 79.4K 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 302.6K followers, 100.9K 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 $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 302.6K followers, 16.1K 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 302.6K followers, 27.3K 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 302.6K followers, 146.4K 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 302.6K followers, 12.8K engagements

"5. What Does It Take to IPO in 2026 There have been XX IPOs up to date. The median revenue run rate is $931M growing around 30%. The cutoff is around $200M-300M. Love to hear your thoughts on this @bgurley @altcap"
X Link @HarryStebbings 2025-10-09T14:11Z 302.6K followers, 3470 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 302.5K followers, 41.9K 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 302.6K followers, XXX 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 302.6K followers, 68.5K 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 302.6K followers, 8178 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 302.6K followers, 2.1M engagements

"3. Board Members Are Wrongly Advising That Triple Double Is Good Enough. It is terrible advice. Triple triple double double is not good enough in 2025 anymore. Love to hear your thoughts on this @htaneja @DenehyXXL @rabois"
X Link @HarryStebbings 2025-10-02T14:45Z 302.6K followers, 3316 engagements

"4. AI Is It BS or Going to Change the World; One of the Two Will Happen Option A: Productivity will dramatically change. Companies like OpenAI will easily rake in $200BN-300BN in revenue. Option B: AI is still good but we will enter a readjustment period. One of them will happen in the next 5-7 years. How do you think about this with the realisation we always overestimate in the short term and underestimate in the long term @JonathanRoss321 @andrewdfeldman @mamoonha"
X Link @HarryStebbings 2025-10-02T14:45Z 302.6K followers, 3417 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 302.6K followers, 546.6K 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 302.6K followers, 12.3K 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 302.6K 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 302.6K followers, XXX 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 302.6K followers, 13K engagements

"What is the Future of Vibe Coding: (@mcannonbrookes) " I will end up with far more generalists I will have people in finance vibe coding an application to solve a financial problem for themselves. There's lots of these examples where people whose job is not "a developer" but I'm now making technology. That's a great thing. " Love to hear how you think vibe coding changes the structure of roles and orgs @antonosika @amasad @rauchg @jasonlk @zoink"
X Link @HarryStebbings 2025-10-13T23:13Z 302.6K followers, 6065 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 302.6K followers, 6254 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 302.6K followers, 114.5K engagements

"Just sent a deal to a dear friend and mentor who is one of the greatest of our time. Sent at 8:12AM PST and response provided to me and founder by 8:18AM. Speed is a feature of the best"
X Link @HarryStebbings 2025-10-19T16:32Z 302.6K followers, 26.1K engagements

"You can tell a top X% founder purely from how they structure the angel component of a fundraise. The blurb they suggest. The forwardable email they send for each. The specific angels they want in. All says so much about their quality"
X Link @HarryStebbings 2025-10-19T23:20Z 302.6K followers, 42K engagements

"3. The Two Types of Acquisitions That Deel Do Two types: X. Core market: We buy the team & revenue bring them in house then rip & replace their infrastructure with ours. X. Adjacent market: We rebuild the entire infrastructure from ground up. What are the core aspects that make a company attractive for you to acquire @mcannonbrookes @drewhouston @spenserskates @jasonfried"
X Link @HarryStebbings 2025-10-20T14:29Z 302.6K followers, XXX engagements

"4. How Deel Ramp New Acquisitions So Fast Post acquisition timeline: - Month 1-2: Rebuild all frontend inside Deel while backends still connected to current company. - Month 3-12: Rebuild full backend depending on scale. - In parallel: Migrate existing customers start selling new product fix bugs and close product gaps. We can reach product scale in X months while others take XX. How do the single best founders you have worked with do integration so well @honam @chadbyers @bdeeter @martin_casado"
X Link @HarryStebbings 2025-10-20T14:29Z 302.6K followers, 3452 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 302.6K 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 302.6K followers, 53.8K engagements

"Two brands in VC that are crushing right now more than any other: X. @ycombinator: Under @garrytan leadership. Another level achieved. 👏 @t_blom is one of the greatest early stage investors right now. X. @a16z: @martin_casado is a true OG. @kirbyman01 @seema_amble are two of the best to work with. Both exceptional"
X Link @HarryStebbings 2025-10-16T13:43Z 302.6K followers, 59.5K engagements

"The only podcast you have to listen to every week. No politics. Just tech. - Thinking Machines Co-Founder Joins Meta for $3.5BN - Goldman Sachs Acquires Industry Ventures for $665M - Softbank Borrows $5BN Against ARM Holding to Invest More Into OpenAI. Spotify 👉 Youtube 👉 Apple Podcasts 👉 Timestamps: 00:00 Intro 00:51 Pre-Show Chat: Rory Is So Old He Worked with Arthur Rock 04:42 Goldman Sachs Acquires Industry Ventures for $665M 14:45 Thinking Machines Co-Founder Raises $2BN and Then Leaves for Meta 30:05 SoftBank Goes for $5BN Leverage Against ARM Stock To Buy More OpenAI 33:41 More Data"
X Link @HarryStebbings 2025-10-16T14:30Z 302.6K followers, 11.3K engagements

"5. Biggest Lesson From Failed M&A The acquisition that did not work out were ones where we said Why not instead of Hell yeah They are usually at the end of the line: Has minimal revenue adjacent enough to be relevant but not enough for me to care. What has been your biggest lesson from M&A that did not work @eldsjal @tjparker @ilyasu"
X Link @HarryStebbings 2025-10-20T14:29Z 302.6K followers, 2925 engagements

""I would have most liked to have @Alfred_Lin on my board. He is one of the best investors in the world. He understands the business he invests in a lot more deeply than other board members." @Bouazizalex What have been your biggest takeaways from working with Alfred @mansourtarek_ @t_xu @ryansandler_ @CameronLMcCord"
X Link @HarryStebbings 2025-10-20T18:07Z 302.6K followers, 6170 engagements

creator/twitter::3253629143/posts
/creator/twitter::3253629143/posts