20VC: Cursor Acquired for $60BN by xAI | Anthropic Hits $1TRN in Secondary Markets | Did Anthropic Just Kill Figma, Adobe and Canva | Rippling Hits $1BN in ARR | Salesforce Goes Headless: Smart or Stupid | Cerebras IPO 2.0

I'm not sure they're buying them for 60 billion. If your stock is valued at 100 times revenues, you can buy things that are trading at 10 or 15 times revenue all fucking day long. I think there'll be a $100 billion deal in the next 12 months. I I think this will stand as the high watermark of private M<unk>A for a decade. This is 20 VC with me, Harry Stebbings.

It's my favorite show of the week. Rory O'Driscoll and Jason Lemkin analyzing the biggest news in tech. Now this week on the agenda, my God. Breaking news, cursor acquired by XAI, or SpaceX, otherwise known, for $60 billion with a $10 billion break clause. Tim Cook announces he's stepping down from Apple after an epic run.

Anthropic turns down $800 billion funding offers and crosses the trillion dollar mark on secondary markets. And then Anthropic launches clawed design as if it wasn't eating everyone else's lunch. Now it's going after Figma, Adobe. Canva. This is an epic one.

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