TickerTain
$SPCX····$NVDA····$MSFT····$GOOGL····$ANTHROPIC·$TSLA····$CRWV····$NBIS····$HIMS····$TSM····$ASML····$FIGURE·$LYFT····$UBER····$SNOW····$META····$ELEVENLABS·$CURSOR·$COGNITION·$OPENAI·$AAPL····$RKLB····$XAI·$AMZN····$AMD····$000660.KS····$INTC····
←

harry stebbings

T3 · host / generalist

Founder of 20VC (The Twenty Minute VC), one of the most popular venture-capital podcasts, and its associated fund.

23 calls·16 names·61% bull·last heard 8 days ago·20VC
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1sthigh conviction
$MERCORMercorposition

Harry & Anastasios: Mercor generational revenue ramp, raising at $20B

Mercor is a generational revenue ramp company in data labeling; Harry is an investor; Anastasios believes data providers could reach hundreds of billions in value as 3-5% of frontier lab market caps.

20VC2026-08→
2ndhigh conviction
$NOWServiceNow

Harry: ServiceNow incredibly entrenched, golden in AI transition

ServiceNow's deep enterprise integration makes it incredibly difficult to displace; high entrenchment equals safety in AI transition.

20VC2026-08→
3rdmedium conviction
$LOCUS-ROBOTICSLocus Roboticsposition

Harry: Robotics adoption is a multi-decade journey; <1% of manual labor replaced after 30 years

Despite 15k robots deployed and $180M revenue, robotics penetration remains tiny because warehouse economics require robots to cost half of minimum wage labor, and real-world edge cases (e.g., poly bag labels) slow deployment.

20VC2026-06→

most discussed · click a bar to filter

recurring themes

23 total
$NBIS
···
Nebius
LOWharry stebbings·20VC·8 days ago
Harry: Nebius entering model routing layer with own product
Nebius (formerly Yandex Cloud) is launching a model routing product, adding to crowded routing space including Fireworks and others.
"Nebas are coming out with their own fireworks have got their own."
27:05
$NOW
···
ServiceNow
HIGHharry stebbings·20VC·8 days ago
Harry: ServiceNow incredibly entrenched, golden in AI transition
ServiceNow's deep enterprise integration makes it incredibly difficult to displace; high entrenchment equals safety in AI transition.
"I think if you're a service now, a Salesforce incredibly difficult, incredibly hard... If so, golden. If not, be more nervous."
60:00
$WIX
···
Wix
MEDharry stebbings·20VC·8 days ago
Harry: Wix less entrenched, tougher position in AI transition
Wix lacks the deep integration and stickiness of ServiceNow/Salesforce, making it more vulnerable to AI-native disruption.
"I love him and I I interviewed him, but like a Wix less difficult, less integrated, less sticky, tougher."
60:05
$BLACK-FOREST-LABS
Black Forest Labs
MEDharry stebbings·20VC·8 days ago
Harry: Black Forest Labs underrated Neolab in image generation
Harry believes Black Forest Labs (Flux model) is an underrated Neolab; Anastasios agrees they're awesome though questions Neolab classification.
"I think Black Forest Labs is pretty underrated... BFL is great. Would you consider them a Neil Lab?... BFL is awesome."
67:30
$MERCOR
Mercor
HIGHharry stebbings·20VC·8 days ago· position
Harry & Anastasios: Mercor generational revenue ramp, raising at $20B
Mercor is a generational revenue ramp company in data labeling; Harry is an investor; Anastasios believes data providers could reach hundreds of billions in value as 3-5% of frontier lab market caps.
"Meror obviously is a generational revenue ramp company... McCall's reportedly raising now at 20... I think these companies will easily be worth hundreds of billions of dollars."
44:40
$NOW
···
ServiceNow
MEDharry stebbings·20VC·8 days ago
ServiceNow incredibly difficult to displace due to enterprise entrenchment
Deep integration and stickiness in enterprise workflows makes ServiceNow resilient to AI disruption; entrenchment is key differentiator vs less integrated SaaS.
"I think if you're a service now, a Salesforce incredibly difficult, incredibly hard. I think if you're a I love him and I I interviewed him, but like a Wix less difficult, less in…"
59:50
$CRM
···
Salesforce
MEDharry stebbings·20VC·22 days ago
Salesforce spends 3.8% of developer salaries on Anthropic/Claude Code; signals massive enterprise AI budget allocation
Marc Benioff revealed Salesforce allocates ~3.8% of developer salaries to Anthropic's Claude Code; if this scales to 20% as tools improve, the enterprise AI software market is vastly larger than current estimates.
"Mark Benioff... said that he spends about 3.8% of developer salaries at Salesforce on Anthropic and Claude Code... if it's 20% wow we're underestimating how big these companies ca…"
46:34
$RBRK
···
Rubrik
LOWharry stebbings·20VC·last month
Rubrik IPO success validates Arvind Jain's track record but no current thesis discussed
Arvind co-founded Rubrik which IPO'd successfully, establishing credibility for Glean; no forward-looking view on Rubrik stock provided.
"Arvin Gin the incredible founder of Glean is one of the technology luminaries of the last decade. He founded Rubric before which obviously IPOed very successfully and is a brillia…"
0:06
$PULSIA
Pulsia
LOWharry stebbings·20VC·3 months ago
Pulsia ('AI slop') raises $30-40M at $250M — peak AI hype signal or legitimate solo-founder productivity tool?
Single-founder company with aggressive spam marketing raises at $250M; product demos well but demands credit card before value delivery — a red flag for AI tooling. Could be 'Molbook 2.0' hype cycle peak.
"It is a company that enables a single person to build a business and that business is then run by AI... it's bluntly not very popular... sent out a huge amount of emails unwanted.…"
60:58
$MERCOR
Mercor
HIGHharry stebbings·20VC·2 months ago· position
Harry Stebbings invested in Mercor at $2B valuation (Series B), calls it incredible investment in hindsight
Invested at Series B ($2B valuation, 100x revenue) when company was growing 50% MoM; business subsequently 4x'd revenue in months, validating the aggressive multiple; Felicis later invested at $10B valuation (~25x revenue).
"I then spoke to several of the biggest investors in the world and no offense they like chuckled at me like 'Dude, that was such a high price. You such a high price.' ... We'd been…"
30:27