SpaceX Soars to $2.7TRN | Anthropic's Fable Banned by US Government | Wix and Adobe Hit All-Time Lows | Mistral Raising at $20BN and The Case for Sovereign Models

Everett Randle is a General Partner @ Benchmark, one of the best funds in venture capital. In their latest fund, they have Mercor, Sierra, Firework, Legora and Langchain. To put this in multiples on invested capital, that is a 60x, two 30x and two 20x. Before Benchmark, Ev was a Partner at Kleiner Perkins and before Kleiner, Ev was an investor at Founders Fund and Bond.

Rory O’Driscoll is a General Partner @ Scale where he has led investments in category leaders such as Bill.com (BILL), Box (BOX), DocuSign (DOCU), and WalkMe (WKME), among others.

In Today's Episode We Discuss:

• SpaceX's Record-Breaking IPO & Elon's $1 Trillion Day

• What Is a Gamma Squeeze and Why It Matters for SpaceX Stock

• Elon's Long-Dated Call Option Playbook: From Tesla to SpaceX

• How Musk Solved His Compute Problem Twice

• Anthropic's Claude Fable Banned by the Government

• Does the Export Restriction Act Even Make Sense?

• Why Benchmarks Are the Wrong Way to Think About Models

• Will Anthropic IPO This Year?

• Wix Slashes Guidance & Cuts 1,000 Jobs

• SaaS Winners vs Losers: The Good/Bad AI Framework

• Why Hedge Funds Are Dumping SaaS for Semiconductors

• Adobe Beats, Raises, and Still Crashes as AI Fears Intensify

• Standard Bots' $200M Raise