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New SaaStr on 20VC! “The VC Playbook: What’s Working in 2025”

SaaStr

Non-technical CEOs can win in AI : Despite conventional wisdom, OpenAI is dominating with non-technical leadership because they excel at recruitment, empowerment, and strategic partnerships. Marketing and AI: What CMOs Are Really Buying Products like Clay are winning because they’re solving an existential threat for CMOs.

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78% Revenue Dependency = 0.7 Stock Correlation: How Klaviyo Became a Leveraged Bet on Shopify (And What It Means for Your B2B Partnership Strategy)

SaaStr

The Recovery Rally (Early 2025) The correlation proved equally strong on the upside. Both stocks staged impressive recoveries into early 2025: Klaviyo : Surged to an all-time high of $49.55

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Anthropic May Never Catch OpenAI. But It’s Already 40% as Big.

SaaStr

Valuation comparison (2025): OpenAI : $300B valuation / $10B revenue = 30x multiple Anthropic : $61.5B The $4 Billion Milestone Most recently, reports indicate Anthropic hit $4 billion in annualized revenue by June 2025—quadripling from $1 billion in December 2024. million daily active users as of 2025. valuation / $1.4B

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The Latest 20VC + SaaStr: Why Vibe Coding is On Fire — But Also Can’t Be Trusted, How YC and Multi-Stage Funds Have Won, and Figma’s Epic IPO

SaaStr

it’s “we can make smaller/older models (sonnet vs. opus) feel magical to the user.” — Matt Rice (@bossriceshark) July 24, 2025 Why Claude Lies to You and Cannot Be Trusted The most unsettling revelation from Jason’s vibe coding marathon wasn’t about databases or security—it was about AI psychology.