Aman Verjee

@TradingVCs @cerebras @nvidia @davemcclure @AmanVerjee @P_M_Insights Thanks for having me on. Great Pod format!

The price is wrong. ❌ AI valuations are all over the place: $23B for @cerebras vs $4.4T for @nvidia and both might still be mispriced. Meanwhile, Anthropic just added $5B in ARR in one month. In Ep. 27, @davemcclure, @AmanVerjee, and Nick Fusco of @P_M_Insights dive in 👇 00:00 — cold open [ tech & vc news ] 00:50 — Private Mag 7 + 3 Impostors 🧐 04:34 — @AnthropicAI vs @OpenAI 🥊 05:23 — @Figure_robot $39B val 🤪 08:00 — Iran: Straits of Hormuz vs. Price of Oil 🔮 15:00 — @Oracle & @Meta Layoffs 🚶‍♂️‍➡️ 19:43 — VC MAG 7 🏆 28:11 — Atoms: @travisk is BACK 🤖 30:20 — Mind Robotics of @Rivian raises $500M 💰 31:17 — @Replit $9B val 💸 [ intvw: Nick Fusco, PM Insights ] 33:16 — From public to private markets 🙇‍♂️ 41:05 — Their competitive advantage 💪 42:40 — @databricks example 📝 49:58 — Down rounds and repricing 📉 1:02:43 — @SpaceX IPO & @RobinhoodApp private stock 🤔 [ val corner: Cerebras @ $23B ] 1:04:17 — Cerebras vs NVIDIA 🤺 1:06:37 — 5x revenue in one year 📈 1:07:01 — S1 weakness 💣 1:12:05 — second takes 😂 thanks for sharing this with someone who likes very bad vc podcasts

Clayton Kershaw has been removed from Team USA’s roster for RP Jeff Hoffman - marking the end of his professional baseball career. Thank you, Kersh, for all the memories! 💙

@AmanVerjee has studied every market mania from the 1637 Tulip craze to modern crypto. Learn how to spot the crash before it happens (and profit from the chaos) in his new book, The Brief History of Financial Bubbles. Pre-order your copy here: 👇 amanverjee.com/the-book

@BernieSanders You are confusing “control” with ownership of shares. These are all private organizations with management teams, shareholders and employees …they’re not fiefdoms. Ellison is not the sole shareholder or manager of ANY of these properties.

One family, the right-wing Trump-aligned Ellisons, will soon control: TikTok CBS CNN HBO Discovery Channel BET Cartoon Network Comedy Central DC Studios Fandango Miramax MTV Nickelodeon Paramount PlutoTV Showtime TBS The CW TNT Warner Bros. And more This is oligarchy.

CNN is an absolute font of lies and misinformation these days. x.com/ThomasMHern/st…

Jack Dorsey cut 40% of his staff and the stock price 🚀 20%. Is this the AI revolution or just the end of "COVID bloat"? "Jack Dorsey...announced layoffs of 40 percent of the company because...AI is going to make us so much more productive...The stock price jumped 15 or 20 percent, maybe more than 20 percent as a result of those moves." — @davemcclure The doomsdayers say AI is coming for your job, but the macro stats say we’re in a "Golden State" of full employment. Software jobs are actually UP, and AI engineers are clearing $500k starting salaries. "I think on the whole, there's going to be a lot of positive creation over the next five years that we don't yet have our arms around. Just a lot of anxiety around it. But I think that's a positive supply shock that when you get productivity going up, people can do a lot more things. Things become a lot more cost effective. And so people find jobs to do... So I tend to be on the optimistic side. I think, you know, I think Citadel's got a point. And I think the doomsdayers are probably overstating it." — @AmanVerjee

Episode 26 of Trading Places is here! @davemcclure and @amanverjee break down the week's top news, and analyze ByteDance at $550B valuation. Plus, @PitchBook’s @EMZheng47 and @CBInsights’ @saltzman_jason join to talk 2025 trends & 2026 predictions. Dive in 🤿 00:53 - [ tech & vc news ] 01:04 - @AugmentMarkets Power 20 🏆 01:53 - @anduriltech $4B raise on $60B 🛸 03:00 - @PalmerLuckey vs @DarioAmodei 🤼‍♂️ 06:30 - Iran war shocks @Nasdaq, oil, & IPO markets 💥🛢️ 11:28 - Can @cerebras IPO in 2026? 🤷‍♂️ 13:27 - @RobinhoodApp public VC fund $RVI launch 🏁 16:51 - Secondary deals hit $226B in 2025 🚀 20:17 - @DecagonAI tender offer @ $4.5B 💰 25:09 - @krakenfx connects to Fed 🐙 27:46 - [ intvw: Emily Zheng & Jason Saltzman ] 28:23 - Emily gives Pitchbook 2025 recap 🙇🏻‍♀️ 31:36 - Jason gives CB Insights 2025 recap 🙇‍♂️ 35:50 - Emily gives Pitchbook 2026 predictions 🔮 57:53 - Jason gives CB Insights 2026 predictions 🔮 1:00:56 - [ val corner: ByteDance @ $550B ] 1:01:20 - Sum of Parts analysis 🧩 1:05:09 - What is @tiktok_us worth? 💃 1:09:33 - China still controls algorithm 🇨🇳 1:12:53 - second takes 😂 Share @TradingVCs with a friend who’s tired of good VC podcasts.

🚀 Is SpaceX the modern East India Company? Aman Verjee draws a bold parallel: "This is not a traditional tech company. This is a company that's trying to colonize the New World... Mars is the new world. Once SpaceX gets to Mars, there are valuable assets on Mars... and SpaceX is in a position to do all that stuff." — @amanverjee and @davemcclure discuss @elonmusk's @spacex on TradingVCs Ep.23

🥊 $830B vs $380B 🥊 Welcome to Episode 24 of @tradingvcs This week, @davemcclure & @AmanVerjee debate @OpenAI vs @Anthropic and make bets on who will ultimately win. Plus: guest @thetyson on pricing transparency, broker networks, and what’s really happening in secondaries. Watch below: 00:53 - [ tech & vc news ] 02:09 - ⁠OpenAI @ $830B🥇 02:56 - ⁠ Anthropic @ $380B🥈 04:02 -⁠ ⁠@stripe tender @ $140B 💸 06:38 -⁠ ⁠@databricks @ $134B 🧱 08:39 - ⁠@harvey @ $11B👨🏽‍⚖️ 11:07 -⁠ ⁠SCOTUS rejects Trump Tariffs 🙅‍♂️ 22:30 - [ intvw: Tyson Hendricksen / @noticedotco ] 23:17 - ⁠olympic training to 🍍 farmer 26:21 -⁠ ⁠founding Notice 💼 33:48 -⁠ ⁠product walkthrough 🚶‍➡️ 37:58 -⁠ why people need transparent pricing 👀 55:50 - prediction markets 🎰 [ val corner: OpenAI vs Anthropic ] 1:03:20 -⁠ ⁠OpenAI raise history 🚀 1:08:04 -⁠ ⁠OpenAI vs. Anthropic 🥊 1:13:43 - ⁠who wins Gold 🥇 1:18:07 - second takes Bonus - Don't miss the webinar on Donor-Advised Funds with Dave and Daniel Blake of UI Charitable. This Thursday, Feb 26th and Wed, Mar 4th, 11 a.m. PT. Sign up online via practicalvc website.

@carlthegrinder @OilersNation @chrispronger @BleedOilBlue Where can I go for more of your inane insipid takes on ice hockey?

@OilersNation @chrispronger @BleedOilBlue

Chris Pronger is on the money regarding Connor McDavid after yesterday's loss in Milan. @chrispronger (H/t @BleedOilBlue)

@HuffPost You can fuck right off

If waving the American flag or chanting “USA!” turns you off right now, you're not alone.  huffpost.com/entry/theres-a…

@mualphaxi @MacroscopeEcon He just lies and virtue signals about whatever he thinks will give him and his radical-left cronies power, and/or allow them to grift off larger loot. Only morons should fall for it at this point.

🚀 SpaceX just merged with xAI, creating a $1.25T giant but what does that mean for investors? "As a SpaceX shareholder, you've given up 20% of your company, you're maybe getting 11% to 12% of revenue, and you're now taking on a money-burning engine... This is a company that's trying to colonize the new world." — @AmanVerjee on @TradingVCs Ep.23

🚀 What happens when SpaceX finally gets to Mars? Aman Verjee lays out the massive infrastructure and technology challenge ahead, and the opportunity for @elonmusk's SpaceX: "Once SpaceX gets to Mars, there are valuable assets on Mars... Somebody has to mine all that stuff. And SpaceX is in a position to do all that stuff... There are no roads on Mars, so you need flying cars... Robotics and AI powered robotics is another piece of it." — @amanverjee & @davemcclure on @TradingVCs Ep.23

Fox News’ Will Cain: “You worked a long time… for George Soros… What do we misunderstand about George Soros?” Treasury Secretary Scott Bessent: "My job for him was working at the investment side, never on the foundation side. Those were kept very separate... He and I rarely talked about politics. We haven’t spoken since just after President Trump was elected in 2016.” “We had a very robust discussion. Election night 2016 was one of the three best periods I’ve ever had for making money.” “I thought President Trump was going to win… Election night 2016, the market crashed, and that was one of the greatest buying opportunities of all time.” “I later found out George Soros was the one selling the market. He was crashing the market. Lost several billion dollars that night.”

🇺🇸 Alysa Liu won Olympic gold and celebrated wrapped in the American flag next to her father, a man who fled the Chinese Communist Party. Her patriotism triggered a bunch of leftists. Apparently they only like Athletes who hate their own country.

Amen. 🇺🇸🇺🇸🇺🇸

Real household income in the G7 area came to a halt in the third quarter of 2025. In Q3 2025, real household income per capita in the OECD increased by 0.3%, while real GDP per capita growth remained at 0.5%. Both were unchanged from the previous quarter brnw.ch/21x02md