The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch · Harry Stebbings
20VC OGs: SpaceX Valued at $800BN & Harvey Raises $160M at an $8BN Price | Airwallex Raises $330M and The Battle with Keith Rabois | Netflix Acquires Warner Brothers | IPO Market Predictions for 2026: Anthropic, Stripe, Databricks and SpaceX
December 11, 2025·1 hr 32 min·5 clips
Rory reveals why private market valuations always fail when they meet public market reality.
As heard by us
A blunt valuation debate that turns tech headlines into real market math.
The episode takes a hard look at private-market valuation, moving from SpaceX at $800 billion to Harvey's $160 million round at an $8 billion valuation, then into dilution, step-ups, secondaries, ARR, and risk.
Why you'd press play
You want the clash between private valuations and public-market reality, with Harvey's $8 billion round at the center.
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