20VC: Benchmark's Newest General Partner Ev Randle on Why Margins Matter Less in AI | Why Mega Funds Will Not Produce Good Returns | OpenAI vs Anthropic: What Happens and Who Wins Coding | Investing Lessons from Peter Thiel and Mamoon Hamid

<p dir="ltr">Ev Randle is a General Partner @ Benchmark, one of the best funds in venture capital. In their latest fund, they have Mercor ($10BN valuation), Sierra ($10BN valuation), Firework ($4BN valuation), Legora ($2Bn valuation) and Langchain ($1.4Bn valuation). To put this in multiples on invested capital, that is a 60x, two 30x and two 20x. Before Benchmark, Ev was a Partner @ Kleiner Perkins and before Kleiner, Ev was an investor at Founders Fund and Bond. </p> <p dir="ltr"><span style= "text-decoration: underline;"><strong>AGENDA:</strong></span></p> <p dir="ltr">05:25 Biggest Investing Lessons from Peter Thiel, Mary Meeker and Mamoon Hamid</p> <p dir="ltr">14:36 OpenAI Will Be a $TRN Company & OpenAI or Anthropic: Who Wins Coding?</p> <p dir="ltr">22:27 Why We Should Not Focus on Margin But Gross Dollar Per Customer</p> <p dir="ltr">30:25 Why AI Labs are the Biggest Threat to AI App Companies</p> <p dir="ltr">44:26 Do Benchmark Fire Founders? If so… Truly the Best Partner?</p...