The Daily Deal Ep.1 - Live with Harry Stebbings, Jason Lemkin, Bhavin Shah & Andrew Feldman

🎙️ Welcome to The Daily Deal — the new show with Harry Stebbings and Jason Lemkin, where we break down the biggest stories in tech, venture, and B2B.

From market meltdowns to billion-dollar raises, wild valuations, and the drama behind the deals. We’re covering it all!

Plus, we’ll be joined by some incredible guests to go deeper on the moves shaping the future of our industry.

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Today we discuss:

- Tech stocks were hammered in late trading today in response to the Trump administration's plans to levy tariffs of between 10% and 49% on imported goods, with Apple shares falling more than 6%.

- Rippling Deal: Illegal or Hustle?

- Emergence Raises $1B for B2B Investments

- Cursor, Replit, Windsurf: Who Wins?

- Lots of gen AI startups are crossing into the $100M ARR club. The latest entrant is talent marketplace Mercor, last valued at $2B. Is triple triple double double dead?

- ScaleAI at $25B: Pricey or Potential?

Just 12x 2025 ARR, growing more than 100% at $1B+ ARR? 2BN EOY.

Not so crazy when you put it that way

Perplexity at $18B Valuation: Is It the Frothiest Yet?

- B2B Valuations: Will HoneyBook, Stripe Return to 2021 Levels

- Automattic, maker of Wordpress, is laying off 16% of its staff of approximately 1,744 employees in order to become "more agile and responsive," according to founder and CEO Matt Mullenweg.

What happens to Wix, Squarespace

- Yahoo! Sells TechCrunch: Should Harry and Jason Have Bought?

- Forbes Misses Over 100 B2B Billionaires in List

Discussion with Bhavin Shah @ Moveworks:

- ServiceNow Acquires Moveworks for $2.5B: AI Craze Continues

- Sequoia Makes 25x on Wiz: Is M&A Open Again?

- USD Stablecoin issuer Circle has filed to go public. The company, which has raised $1.2 billion in VC money, reported $1.7 billion in 2024 revenue, with $155.7 million in net income.

- Oracle Cloud Revenue Up 23%: Old Guard Wins in AI?

- Salesforce Customers Love AgentForce, But Will They Pay?

- Dustin Moskovitz Retires from Asana: Is SaaS Too Tough?

Discussion with Andrew Feldman @ Cerebras:

- Coreweave’s Redemption Provision: A Time Bomb for Coatue?

- Can OpenAI’s $12B Deal Save Coreweave from $5B Loss?

- OpenAI Won’t Profit Until $127B in Annual Revenue

- A lot of young founders raising big in chips; bullish or bullshit?