20VC: You Need $1BN To Do Seed Today: The Untold Truths of Venture | Who Wins and Who Loses in the Next Decade of VC | Why Margin and Price Matter Less in a World of AI with Sameer Dholakia, Bessemer

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.

AGENDA:

04:55 Why This Is a Supercycle Like Never Before

07:40 Why We Backed Anthropic to Compete With the Hyperscalers

10:05 Why Anthropic Was One of Bessemer's Most Contentious Deals

11:05 Why Open Models Don't Destroy the Market for Closed Models

16:45 Does Price Matter in AI—and Which Metric Really Determines Value?

19:45 How Much Should Consumer Businesses Be Discounted for Their Revenue Quality?

20:20 Why Today's Gross Margins Matter Less Than You Think

23:00 Competition Hasn't Changed—but the Capital Behind It Has

24:00 Why Capital Is a Moat Today

25:55 Is "Triple, Triple, Double, Double" Dead?