20VC x This Week: Anthropic Wiped $20B Off Cybersecurity, 100K Deca-Millionaires Are Coming, and Why Every B2B Product Feels Dated Now
Summary
Momentum Beats Value Right Now—But Know What Game You’re Playing Only five core B2B stocks are up over the trailing 12 months: Palantir, Figma, Cloudflare, Shopify, and a handful of others. It’s the only thing that’s made us rich.” But he conceded the short-term concern: if disruption happens extraordinarily quickly and people don’t have time to adjust, you get structural dislocation. “It would be one of the largest economic shocks in US history outside of a world war or pandemic.” But Rory’s reframe cut through the drama: even if the entire software industry got nuked, it would represent less than 1.5% of all US jobs. Don’t hold your breath thinking they’re going to come for us.” Harry pointed to Japan’s 1990s as a recent precedent for productivity gains not dispersing to the broader population. I lost money on all of them.” OpenAI is doubling spend to $665 billion by 2030 while upping revenue forecasts by 27% to $280 billion—based largely on products that don’t exist today: hardware, ads, and other new business lines.