The work you do in private is the work you are rewarded for in public. Today’s news is 10 years in the making. $400M raised. Time to get back to work and work harder than ever.

“I have no 1-1 meetings. I give people my Calendly and they are surprised by how blank it is. I avoid filling my day with meetings. Why do you need 1-1s? Are you not aware of what they are doing? . We are pretty ruthless about killing meetings internally.”. Lessons on this

Lovable and @antonosika have had the biggest impact on European tech over anything else in the last 5 years. You can build a monster $100M ARR, $2BN business in Europe. Anton has proved it and this is just the start. LFG and Anton, we salute you!.

20VC has to be #1. Will not stop until we are there.

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5. We’re in a Doom Loop of Stagnation. The UK has accepted low growth as normal. No party is offering a real fix. They're comfortable with slow decline.

4. The Voting Blocks Have Changed. It used to be that more well off voted Conservative and the less well off voted Labour. That’s now completely changed. Labour represents the globalist view, and the rest are more nationalist. And whoever represents those nationalist minded.

3. You Can’t Govern Without Internal Support. To make real change you just need 350 MPs. The issue was I didn’t have enough support from the Conservatives. Too many of them wanted to stay with the status quo.

2. The Bank of England Made Everything Worse. The bureaucracy has accumulated all the power. They mismanaged bond markets and hiked rates into panic. Gilt rates are higher now than October 2022, but there’s no hysteria about that.

1. The Treasury Destroyed My Agenda Before I Even Started. I still believe my reforms were right. But the Treasury undermined my plans from day one. They don’t want things to change.

“The system is set up to stop change.”. The UK’s shortest-serving Prime Minister on:. - What really happened during the mini-budget crash.- Why the Treasury doesn’t believe in growth.- How regulation is choking entrepreneurship.- Why Britain is stuck in long-term decline.- And

“No, I definitely wouldn’t sell for $30BN or even $100BN. I already have everything I want. We are profitable. I have complete control of our destiny and all the resources I want to do anything I want.” . @zoink @scottbelsky @emerywells @tjparker @henri_stern how do you

“Silicon Valley is just a status game for most people. Their goal isn’t to solve a problem they believe in. Their goal is to tell their friends they raised $10M and got a TechCrunch headline.” . How fair do you think this is @typesfast @levie @zoink @RyanQualtrics 👇

Scale AI’s marketing leader for two years is saying this about their biggest competitor after listening to our 20VC today. 👇

I see so many founders getting distracted with shit that just doesn’t matter. Build shit people want. Prove they want it. Ideally, do both before fundraising. You will have more leverage. But build don’t pontificate.

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7. Have the Biggest Model Providers Been Created Today, or Will More Be Made in the Future?. No, there could be more powerful model developers emerging in the coming years. We are still miles away from AGI. There could still be extremely creative breakthroughs that nobody is

6. Why Synthetic Data Is Not All It Is Cracked up to Be, and How That Impacts the Future of Human Labelled Data. Models trained heavily on synthetic data are only good at benchmark-style problems & terrible at real-world use cases. We’ve heard from a lot of companies that.

5. Silicon Valley Is Full of Tourists That Have the Wrong Incentives. It is a status game for most people. People are raising not because they want to build a product that solves an idea they fundamentally believe in. They are raising so they can tell their friends they raised

4. Did Scales Acquisition Lead to a Tidal Wave in Scales Customers Coming to Surge?. Yes. We are already the biggest & best in this space. Even if teams at larger companies weren’t working with us, they already knew who to turn to. If you were to estimate the distribution of.

3. The One Principle That This $30 Billion Company Will Not Let Slip. Quality is the most important thing. We will say no to a project if we cannot guarantee the quality. It is more important than anything else. When did you trade off on quality and regret it most? @eoghan.