The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The AI Bubble Is Wrong | AI Margins Need to Improve | Revenue Concentration Should be a Concern | Why People Over-Estimate Open Models But Enterprises Still Fear Frontier Models with Aaron Katz, ClickHouse
The Twenty Minute VC (20VC) interviews the world's greatest venture capitalists with prior guests including Sequoia's Doug Leone and Benchmark's Bill Gurley. Once per week, 20VC Host, Harry Stebbings is also joined by one of the great founders of our time with prior founder episodes from Spotify's Daniel Ek, Linkedin's Reid Hoffman, and Snowflake's Frank Slootman.
If you would like to see more of The Twenty Minute VC (20VC), head to www.20vc.com for more information on the podcast, show notes, resources and more.
Show Notes
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Aaron Katz is the Co-Founder and CEO of ClickHouse, the real-time analytics database powering companies including OpenAI, Anthropic, Tesla and Microsoft. ClickHouse just surpassed $350M in ARR and raised over $1B from investors including Dragoneer, Khosla Ventures, Coatue, 20VC and Benchmark. Previously, Aaron was CRO at Elastic, where he helped scale revenue from approximately $5M to $500M and led the company through its IPO. Before Elastic, he spent 12 years at Salesforce, working alongside Marc Benioff and helping transform it from a 200-person startup into a global software giant.
AGENDA:
Are we in an AI bubble? How does software change when agents—not humans—make buying decisions? Will 90% of tokens flow through open models; can enterprises trust them? Why did ClickHouse sponsor Fulham; and could sports teams become $20B assets? When will ClickHouse hit $1B ARR? Can startups still win elite talent from OpenAI? Biggest remote work mistake? Is zero-to-$100M ARR now table stakes; or is durable growth what matters? Is college still worth it; which jobs will survive AI? When will ClickHouse go public; and why not next year?
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