20VC: Why the SaaS Apocalypse is BS | Why China Will Win the AI War | Why 50% of VCs Should Not Exist and are Tourists | Why Stock-Based Comp is the Hidden Sin of the Valley with Mitchell Green, Lead Edge Capital

What I'm the most excited about is there's gonna be a really bad downturn. If you don't have earnings or Ibata, there is no floor in a lot of these things. AI is not gonna be about the next call center company or the next like workday. ByteDance is the most advanced AI company in the world. Don't count China out.

I bet they win the AI world. Don't underestimate like Chinese creativeness and like ingenuity to like figure out how to like reverse engineer and engineer things in much cheaper ways than Americans can do. Buying is glamorous. Selling is the job. There's 50% too many VCs.

50, 60% of people in this industry that actually probably add negative value to companies. This is 20 VC with me, Harry Stebbings, and for the show today, we have Mitchell Green at LeadEdge joining us. I frickin' love Mitchell, and I'll tell you why. In a world of fluff and framework-thinking investors, Mitchell Green is a moneymaker. Mitchell has co-led or led investments in insane companies like Alibar.

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