20VC: Sequoia's David Cahn on The Winners and Losers in AI | The $0-$100M Revenue Club: Is Triple, Triple, Double, Double Dead? | The Future of Defence: Who Wins and Who Loses | How to Analyse Margins and Growth Rates in a World of AI

Do think we're in an AI bubble. You can see the fragility. Everybody can see the fragility. The thing that I think is more interesting is who's gonna survive the bubble? Consumers of compute benefit from a bubble. Because if we overproduce compute, prices go down, your COGS goes down, and your gross margin goes up. The lesson that punches you in the stomach in venture is you can't make a company succeed. How would you respond to Sequoia were asleep at the wheel when it came to defense not being in Helsing and Andral, the two clear market leaders in the category. This is 20 v c with me, Harry Stebbings, and one of the most downloaded episodes of last year was David Khan at Sequoia. So much has changed in the last year. I wanted to have David back for a refresh. I wanted to understand how he thought about where we were today. For those that missed the last show, first, it's a must. But David is a partner at Sequoia Capital and one of the world's leading AI investors. And before Sequoia, David was a general partner at Co2. I loved this conversation today. Let me know your thoughts. Harry at twenty v c dot com. But before we dive into the show today, I love seeing the team come together to make this show happen. What I don't love is trying to keep track track of all the information, the data, and the projects that we're working on across dozens of platforms, products, and tools. That's why we use Coda, the all in one collaborative workspace that's helped 50,000 teams all over the world get on the same page. Offering the flexibility of docs with the structure of spreadsheets, Coda facilitates deeper teamwork and quicker creativity, and their turnkey AI solution, the intelligence of Coda Brain, is a game changer. Powered by Grammarly, Coda is entering a new phase of innovation and expansion, aiming to redefine productivity for the AI era. Whether you're a start up looking to organize the chaos while staying nimble or an enterprise organization looking for better alignment, Coda matches your working style. Its seamless workspace connects to hundreds of your favorite tools including Salesforce, Jira, Asana, and Figma, helping your teams transform their rituals and do more faster. Head over to coda.io/20vc right now and get six months off the team plan for startoda.io/20vc and get six months off the team plan for free, coda.io/20vc. And speaking of tools that give you an edge, that's exactly what AlphaSense does for decision making. As an investor, I'm always on the lookout for tools that really transform how I work. Tools that don't just save time, but fundamentally change how I uncover insights. That's exactly what AlphaSense does. With the acquisition of Tagus, AlphaSense is now the ultimate research platform built for professionals who need insights they can trust fast. I've used Tagus before for company deep dives right here on the …