Sameer Dholakia: You Need $1BN To Do Seed Today | Who Wins and Who Loses in the Next Decade of VC | Why Margin and Price Matter Less in a World of AI

Sameer Dholakia is a Partner @ Bessemer, the first that has just raised $5.75BN across a $1.75BN seed fund and $4BN growth fund. Sameer has led investments into the likes of Anthropic, Fireworks and Legora to name a few. Prior to venture, Sameer was the CEO of SendGrid, taking it from $30M in ARR to over $200M.

In Today's Show:

• Why This Is a Supercycle Like Never Before

• Why We Backed Anthropic to Compete With the Hyperscalers

• Why Anthropic Was One of Bessemer's Most Contentious Deals

• Why Open Models Don't Destroy the Market for Closed Models

• Does Price Matter in AI and Which Metric Really Determines Value?

• How Much Should Consumer Businesses Be Discounted for Their Revenue Quality?

• Why Today's Gross Margins Matter Less Than You Think

• Competition Hasn't Changed but the Capital Behind It Has

• Why Capital Is a Moat Today

• Is "Triple, Triple, Double, Double" Dead?

• Can You Still Succeed With a Small Seed Fund?

• Who Wins and Who Loses in the Future of Venture Capital?

• Why Founders Shouldn't Hate Being an "Option Bet"

• Why Signalling Risk Doesn't Worry Me

• Why Companies Will Stay Private Longer and Why the IPO Window Could Reopen by 2028

• How Should Retail Investors Participate in Venture Capital?

• How Fireworks Could Become a $250 Billion Business

• Why Bessemer Is Confident It Can Deliver 5x Returns on $5.75 Billion