20VC: Figma's IPO: The Full Breakdown | Index Returns $3.5BN on Two Deals | Why Melio's $2.5BN Acquisition is "Discouraging" | Asana's New CEO and the Great Founder Exodus | Oracle's $30BN AI Deal and What it Means for Incumbents

The amount of money we're investing in AI right now at $300 to $400 billion a year in Capex, will you get the near in ROI? Will it be an economically rational decision when you look back two, three years from now? I don't know. My rule is if you haven't grown because of AI, you failed. I think ventures just gonna rip.

You're getting a lot of money back as an LP, right? Just massive amounts of cash coming back. This is 20 VC and it's my favorite show of the week. This is the holiday edition of Jason Lempkin, Roryo Driscoll, and me. Shooting the shit.

Now today we cover some incredible stories. We cover Figma dropping their S1. We cover the $2.5 billion Melio acquisition. We cover P being the saving grace for venture, or is it? We cover the incredible tale of index and they're returning $3.5 billion in a matter of months to their LPs.

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