20VC: Daniel Gross and Nat Friedman: Acquired by Meta | OpenAI's SBC Bombshell: More Stock Comp Than Revenue | Privat Equity is Back: Olo Bought for $2BN | Microsoft Lays Off 9,000 People: Is This Just the Start | Will Sequoia Part with Shaun Maguire

It will be the biggest issue of 2026, I think, in B2B AI is just the inability to recruit talent. No one ever said to Winston Churchill, Did you bring World War Two in on budget? They just said, Did you win World War Two? The truth is this, when it becomes existential, you do what you have to do to win the running. in the early A markets has been very much attention begets more attention begets more attention so if you start to pull ahead provided you continue to execute it's very hard to catch up.

This is 20 VC with me Harry Stebbings now it is my favorite show of the week. It's Rory it's Jason we are back with some incredible topics this week. We have Daniel and Nat leaving one of their legendary funds to join Meta But at what cost and what cost to LPs? Then we discuss Olo's going private with their $2 billion with Toma Bravo.

Then we discuss Corweaves' $9 billion acquisition and whether Circle will use their meme equity price to buy more also. We discuss whether Sean Maguire will be leaving Sequoia, Lindy Iaccarino leaving X. So much in this episode, and as always, the highlight of my week doing this show. But before we dive into the show today. Let's talk about agents, specifically Piper, the AI SDR agent brought to you by Qualified.

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