China, every mention

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every year anyone Harry Stebbings 567Rory O'Driscoll 56Jonathan Ross 35Hans Tung 26Matteo Franceschetti 25Anastasios Angelopoulos 24Mitchell Green 22Jason Lemkin 22Crystal Huang 19Peter Singlehurst 17

Verbatim, from the transcripts: the passages where China comes up

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Cerebras CEO on the Future of Data Centres, Token Costs & Memory | Should US Companies Sell to China · 20VC with Harry Stebbings May 26, 2026 · 1 mention

Inside Legora: Jude Law Generated $50M Pipeline | Are They Undervalued at $5.5BN? | Patrick Forquer · 20VC with Harry Stebbings May 11, 2026 · 2 mentions

  • ▶ 55:13 Patrick Forquer Some of the model providers don't provide, you know, for example, if you're selling into China, certain model providers don't provide access to the models in China and other places. 2 times in the scene

Cliff Weitzman: What I Learned from 100 of the World’s Top CEOs & Why Tokens Will Outspend Salaries · 20VC with Harry Stebbings May 9, 2026 · 3 mentions

Shopify CEO on How AI is a Scapegoat for Mass Layoffs & Trump Derangement Syndrome in Canada · 20VC with Harry Stebbings May 4, 2026 · 7 mentions

  • ▶ 42:12 Tobi Lütke 60% of people, more than 60, I think the numbers have gone up since, and people think that the United States is the largest risk to, uh, Canada, like, much larger than, like, Russia or China would be.
  • ▶ 44:04 Harry Stebbings So let's use open source Chinese models to get as close as we can to the benchmark set by US frontier models. 5 times in the scene
  • ▶ 1:19:31 Tobi Lütke Like, let's get everyone's opinion on something and just give a different perspective and synthesis.

Anthropic Raises $45B but Falls Short on Compute & Thoma Bravo Hand Back Medallia Keys to Creditors · 20VC with Harry Stebbings Apr 30, 2026 · 16 mentions

Cursor Acquired for $60BN | Anthropic Hits $1TRN in Secondary Markets & Figma, Adobe, Canva Dead? · 20VC with Harry Stebbings Apr 23, 2026 · 5 mentions

Aaron Levie: Everyone is Wrong; We'll Have More Developers in 5 Years · 20VC with Harry Stebbings Apr 20, 2026 · 3 mentions

  • ▶ 2:21 Aaron Levie And, and, um, to be clear, I kind of jumped to the more, uh, salacious part of, of, you know, China and that topic, but I'm, I'm almost probably 80% with Jensen. 2 times in the scene
  • ▶ 33:58 Harry Stebbings I speak to many of the best early-stage and more mature, you know, West Coast-based companies, and they say, hey, we use frontier models to set where we can be, and then we use open-source Chinese models to get as close as we can to that…

The Early Days of Anthropic & How 21 of 22 VCs Rejected It | The Four Bottlenecks in AI | Anj Midha · 20VC with Harry Stebbings Apr 14, 2026 · 5 mentions

  • ▶ 42:17 Harry Stebbings Do you worry that basically the CCP is subsidizing a generation of Chinese models that are now being used by American companies whereby they have frontier models to essentially set where model capabilities can be and then have a real… 5 times in the scene

OpenAI Kills Sora & Hits $100M ARR on Ads | Oura Going Public & Whoop Raises at $10BN · 20VC with Harry Stebbings Apr 2, 2026 · 7 mentions

  • ▶ 56:26 Harry Stebbings Manus obviously for contacts being bought by Meta recently, um, Manus founders trapped or kept in China. 7 times in the scene

NVIDIA Predicts $1TRN in Revenue: Everything You Need to Know From GTC & Anduril Lands $20B Contract · 20VC with Harry Stebbings Mar 19, 2026 · 1 mention

Gokul Rajaram: How to Analyse for Durability and Defensibility in a World of AI · 20VC with Harry Stebbings Mar 16, 2026 · 2 mentions

  • ▶ 1:14:37 Gokul Rajaram And we were arguing over the terminal value of Facebook, and we had to put China into the mixing. 2 times in the scene

Mitchell Green: Why 50% of VCs Should Not Exist · 20VC with Harry Stebbings Mar 7, 2026 · 19 mentions

  • ▶ 0:47 Mitchell Green Don't count China out. 2 times in the scene
  • ▶ 19:28 Mitchell Green It's like, I would, I guess I'd tell people, like, if you're worried about China invading Taiwan, you really shouldn't worry about your bite dance position.
  • ▶ 25:03 Harry Stebbings ByteDance is insane, because there's the China discount, and ByteDance is the China discount on the China discount. 3 times in the scene
  • ▶ 26:51 Mitchell Green Like, um, that, that's where, you know, a lot of these, you know, people have been talking for years that they're gonna, like, de-list all these US, these Chinese companies, Baidu, Ctrip, BABA. 8 times in the scene
  • ▶ 28:13 Harry Stebbings I think we still dramatically underestimate the capability of China.
  • ▶ 30:21 Mitchell Green Um, but I mean, like, and, and I think, like, just China has some advantages in that respect, whether it's, like, so giant solar farms they can build, or whether they, they can just, they can do things that we, we can't do. 4 times in the scene

Anthropic vs The Pentagon: Who Wins? | OpenAI's $110BN Mega Round | Cursor Hits $2BN in ARR · 20VC with Harry Stebbings Mar 5, 2026 · 1 mention

  • ▶ 1:15:58 unnamed speaker Basically, just looking at the pricing of, you know, top of the line frontier models versus six month old open source Chinese open source models and, you know, the 10, 15, 20 X difference in cost per token.

Citrini Research Breakdown: Agents, "Ghost GDP", Consumer Spend | Figma Earnings Beat · 20VC with Harry Stebbings Feb 26, 2026 · 2 mentions

  • ▶ 0:04 unnamed speaker It'll, it'll bring China to its knees, right?
  • ▶ 3:11 unnamed speaker It'll bring China to its knees, right?

Klarna CEO: SaaS is Dead: Why Systems of Record Will Die in an Agentic World · 20VC with Harry Stebbings Feb 16, 2026 · 1 mention

Anthropic's Super Bowl Ad: Who Won & Lost? | Sierra Hits $150M ARR: Is Customer Support Too Crowded? · 20VC with Harry Stebbings Feb 12, 2026 · 1 mention

The SaaS Massacre: Public Market Collapse |Microsoft Lost $360B & NVIDIA’s $100B Dispute with OpenAI Feb 5, 2026 · 2 mentions

Anthropic Inference Costs Skyrocket |TikTok Deal Closes |The IPO Market:Wealthfront & EquipmentShare · 20VC with Harry Stebbings Jan 29, 2026 · 2 mentions

Legora CEO, Max Junestrand: $7M ARR in a Day | Harvey vs Legora: Is a Legal AI Winner Takes All? · 20VC with Harry Stebbings Jan 26, 2026 · 1 mention

Groq’s $20BN NVIDIA Deal | Why Sam Altman Doesn’t Care About Dilution & Invisible Unemployment 2026 · 20VC with Harry Stebbings Jan 8, 2026 · 4 mentions

  • ▶ 17:35 Rory O'Driscoll You're taking on a lot of risk here, um, funding a company that at the time looked like it was a China based company. 2 times in the scene
  • ▶ 19:58 Jason Lemkin I, you know, are they a Chinese company? 2 times in the scene

Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings Jan 5, 2026 · 13 mentions

SpaceX Valued at $800BN & Harvey Raises $160M at an $8BN Price & Netflix Acquires Warner Brothers · 20VC with Harry Stebbings Dec 11, 2025 · 19 mentions

  • ▶ 32:57 Rory O'Driscoll It worked with JD.com in 2012 or whatever it was when they did that in China.
  • ▶ 1:15:43 Rory O'Driscoll The odd thing is I can't quite figure out what I'm, the national security guidance on China is quite confusing because obviously we're now back to selling them advanced Nvidia processors.
  • ▶ 1:19:24 Rory O'Driscoll And then what you're really talking about, are you talking about the ByteDance? 13 times in the scene
  • ▶ 1:28:14 Rory O'Driscoll Because I don't think it's quote unquote a Chinese company. 4 times in the scene

Turing CEO Jonathan Siddharth: Who Wins in Data Labelling & Why 99% of Knowledge Work Will Disappear · 20VC with Harry Stebbings Dec 1, 2025 · 2 mentions

AI Fund’s GP, Andrew Ng: LLMs as the Next Geopolitical Weapon & Do Margins Still Matter in AI? · 20VC with Harry Stebbings Nov 17, 2025 · 24 mentions

  • ▶ 0:23 Andrew Ng When China's government makes an all-nation commitment, it's all industrial.
  • ▶ 2:03 Andrew Ng And in contrast, I see China building power plants left and right, including nuclear.
  • ▶ 21:38 Andrew Ng And then the other dynamic is, uh, uh, China especially has been really taking the lead, uh, or, well, 7 times in the scene
  • ▶ 25:26 Harry Stebbings The AI race, China versus the US. 7 times in the scene
  • ▶ 28:21 Andrew Ng Um, the way that the US and, and I think that the way the US first put restrictions on Huawei, uh, uh, and then later on, you know, exported NVIDIA and AMD and, and other semiconductors that really incentivized China. 5 times in the scene
  • ▶ 29:44 Harry Stebbings How do you feel about Europe's position in a very new world, and what can Europe do to regain some semblance of equality between the US and China?
  • ▶ 33:38 Andrew Ng You know, I remember earlier era in early days of food delivery, for example, I saw this in both the US and China.
  • ▶ 58:09 Andrew Ng I really appreciated the speed and intensity and intensity of Baidu and also, um, of the China ecosystem.

Cohere's Chief AI Officer, Joelle Pineau: Why Scaling Laws Will Continue & Future of Synthetic Data · 20VC with Harry Stebbings Nov 3, 2025 · 1 mention

  • ▶ 26:41 Joelle Pineau I do think it's healthy that there are models that are getting built in different places around the world, not just in the US and China right now.

20VC: Tim Ferriss: Why I Walked Away From Angel Investing After Uber | How I Accidentally Lost $150 Million | Money Fixed My Problems—Then Made Me Miserable Oct 31, 2025 · 1 mention

  • ▶ 59:48 Tim Ferriss There was a lot of capital coming in from China, like a lot of lead investors I'd never heard of.

Why VC Today is Worse than 2021 · 20VC with Harry Stebbings Oct 23, 2025 · 1 mention

  • ▶ 1:56 unnamed speaker it's, it's, it's not that it's not a big, it's like they're just fine and China will be just fine.

Cerebras CEO, Andrew Feldman on Why Raise $1BN and Delay the IPO & Why NVIDIA’s Worried About Growth · 20VC with Harry Stebbings Oct 6, 2025 · 7 mentions

  • ▶ 55:51 Harry Stebbings Final one, just in terms of geography, you know, DeepSeek obviously had that moment, and it kind of solidified the concerns around China. 6 times in the scene
  • ▶ 58:16 Andrew Feldman Oh, I think, uh, you know, China, I thought long and hard about, uh, their power infrastructure and their, their form of government allowed them to, to plan strategically.

Groq Founder, Jonathan Ross: OpenAI & Anthropic Will Build Their Own Chips & Will NVIDIA Hit $10TRN · 20VC with Harry Stebbings Sep 29, 2025 · 18 mentions

  • ▶ 29:21 Jonathan Ross So when the Chinese models came out, 12 times in the scene
  • ▶ 32:52 Harry Stebbings To allow for China to distill in the effective ways that they have done already. 4 times in the scene
  • ▶ 35:16 Jonathan Ross All, all the allies in the United States have to do in order to have more energy than China is to be willing to locate their compute where energy is cheap.
  • ▶ 40:58 Jonathan Ross I mean, um, China is ahead in action, but there are five hundred million people in Europe.

The Impact of H1B Visas on Startups in the US & NVIDIA Invests $100BN Into OpenAI · 20VC with Harry Stebbings Sep 25, 2025 · 1 mention

General Catalyst CEO, Hemant Taneja: Lessons Scaling GC to $40BN in AUM · 20VC with Harry Stebbings Sep 22, 2025 · 6 mentions

  • ▶ 18:46 Hemant Taneja You're going to hollow out a lot of your labor productivity and give it to a U S company or a Chinese company.
  • ▶ 29:34 Harry Stebbings And I find there's this often rhetoric that's like, hey, it's like China versus the US 5 times in the scene

OpenAI’s $10BN Secondary Sale, Ramp Hits $1BN ARR & Brex Hits $700M · 20VC with Harry Stebbings Sep 11, 2025 · 3 mentions

  • ▶ 49:57 Jeff Lawson But it's kind of like having the, you know, the, the, the, the, the entity in China, which is like, okay, well, it may go make a bunch of money, but is it your money? 3 times in the scene

20Growth: Meta CMO Alex Schultz on How All Founders Have to Change Their Marketing Playbook in a World of AI | Is AI Plateauing, What it Means if China Wins the AI Race and Why Zuck is a Generational Leader Sep 5, 2025 · 16 mentions

  • ▶ 0:46 Harry Stebbings We also discuss open versus closed, China, the different worlds that are created by open versus closed models, Chinese models. 2 times in the scene
  • ▶ 19:44 Alex Schultz So you can only go up 10 X from where we are right now, conceptually, if you took the entire power of the Three Gorges Dam, which, I mean, maybe China will.
  • ▶ 26:59 Alex Schultz The interesting thing is, I think if you look at China right now, you've got 4 times in the scene
  • ▶ 29:12 Harry Stebbings You mentioned Chinese long-haul routes. 9 times in the scene

Cohere Founder, Nick Frosst: How To Compete with OpenAI & Anthropic, and Sam Altman’s AI Disservice · 20VC with Harry Stebbings Sep 1, 2025 · 8 mentions

  • ▶ 3:57 Nick Frosst Um, but there's some, some number, less than 20 in the whole world, most of them in America, uh, a handful of them in China, uh, us in Canada, and one in France.
  • ▶ 57:58 Nick Frosst And I think just using a model that is built, you know, by China or built within America might not set your, your country and your economy up as well as having a model that understands the context built in that language, in that dialect,…
  • ▶ 1:09:08 Harry Stebbings Do you think China will produce leading models in the next two years that continue to beat US models? 6 times in the scene

Lovable CEO, Anton Osika: The State of Foundation Models, Grok vs OpenAI, and Replit vs Bolt · 20VC with Harry Stebbings Aug 18, 2025 · 7 mentions

Index Ventures Partner, Martin Mignot: Figma, Scale, Wiz: Inside Index’s Decacorn Factory · 20VC with Harry Stebbings Aug 11, 2025 · 2 mentions

  • ▶ 38:09 Harry Stebbings I, I, I spoke to Danny, obviously, before the show, he said, he was the only one who says, actually, he said you should ask him about China.
  • ▶ 42:40 Harry Stebbings Talking of kind of European founders competing, um, I, I obviously posted about the importance of working seven days a week in an increased intensity world where we are competing against China and the US, and that being the new normal, um,…

20VC: The $BN Greenoaks Backed Protein Bar | Hitting $100M Revenues in David's First Year: Lessons & Mistakes | $0 to $600M: The Untold RXBAR Story | Product-Market-Fit, Pricing, Branding: What Every Founder Gets Wrong Today with Peter Rahal Aug 8, 2025 · 1 mention

  • ▶ 24:18 Harry Stebbings You know, I think Chanel is the best brand in the world, actually, and it's because it is an aspirational brand that grandmothers in China, mothers in Paris, and teenagers in New York all want to have, but they do not have any form of…

Miles Dieffenbach: Inside Carnegie Mellon’s $4BN Endowment & The Math Behind DPI, TVPI, Illiquidity · 20VC with Harry Stebbings Aug 4, 2025 · 6 mentions

  • ▶ 1:09:10 Miles Dieffenbach We had a, a, a fund out of, out of China that, um, produced over a 20 X net return to LPs. 6 times in the scene

Why Apple Needs a Management Overhaul & Why Google is Catching Up with Hyperscalers · 20VC with Harry Stebbings Jul 31, 2025 · 1 mention

a16z GP, Martin Casado: Anthropic vs OpenAI & Why Open Source is a National Security Risk with China · 20VC with Harry Stebbings Jul 28, 2025 · 9 mentions

  • ▶ 0:38 Martin Casado I think that right now open source is most dangerous because China is better at it than we are, and as a result of that.
  • ▶ 11:08 Martin Casado Meta and Google, a bunch of Chinese players that are entering it.
  • ▶ 29:35 Harry Stebbings Do you not think open source increases the opportunity set for hostile actors like China and Russia to harm us?
  • ▶ 30:06 Martin Casado So I think that right now, open source is most dangerous because China is better at it than we are, and as a result of that, we're seeing a proliferation of Chinese open source models everywhere. 6 times in the scene

Surge CEO & Co-Founder, Edwin Chen: Scaling to $1BN+ in Revenue with NO Funding · 20VC with Harry Stebbings Jul 21, 2025 · 1 mention

Windsurf x Google x Cognition: Full Breakdown: Who Made Money, Who Did Not · 20VC with Harry Stebbings Jul 17, 2025 · 3 mentions

  • ▶ 30:57 Harry Stebbings The one thing I would say is Alex is very anti-China and very scared of CCP infringement. 2 times in the scene
  • ▶ 1:05:37 Rory O'Driscoll I mean, even ignoring Mistral, even ignoring China, your fifth or the fifth or sixth model provider, right?

KKR's Head of European PE, Philipp Freise: Do Andreessen & General Catalyst Scare KKR? · 20VC with Harry Stebbings Jun 30, 2025 · 1 mention

  • ▶ 46:23 Harry Stebbings Do you worry as much as I do about the rise of BYD, Xiaomi, and China in bluntly destroying much of the European car market?

Navan Files to Go Public and Canva Pulls the Brakes: Why and What Happens? · 20VC with Harry Stebbings Jun 26, 2025 · 3 mentions

  • ▶ 1:11:25 unnamed speaker It's far more likely to see some kind of regulation of Chinese AI companies, not obviously taking control, but some kind of pushback there.
  • ▶ 1:14:41 unnamed speaker I would move heaven and earth to even make some kind of phone here, even a small, just to do enough to say we're trying, because I do wonder, I mean, that's a company whose business model, the big shareholder, is so exposed to China risk,… 2 times in the scene

GetYourGuide CEO & Founder, Johannes Reck: The Wild Story Raising $450M From Masa and Softbank · 20VC with Harry Stebbings Jun 23, 2025 · 2 mentions

Chime IPO: Are IPOs Hotter Than Ever? · 20VC with Harry Stebbings Jun 19, 2025 · 6 mentions

Elon’s Empire: SpaceX, Tesla, Neuralink After the Storm & Anduril’s $2.6BN Power Move · 20VC with Harry Stebbings Jun 12, 2025 · 1 mention

  • ▶ 18:05 unnamed speaker Unless you have structural legal reasons like Chinese companies where you can't be here, unless you're purely a domestic, maybe if you're just purely a domestic company, like I don't think the NatWest or whichever bank survived the great…

Fiverr CEO & Founder, Micha Kaufman: "If You’re Not Adapting to AI, F* You. You’re Done!" · 20VC with Harry Stebbings Jun 9, 2025 · 2 mentions

  • ▶ 48:30 Harry Stebbings But do you not think we're just seeing the commoditization of all model knowledge and advancement when you look at DeepSeek and the 12 different open source models in China? 2 times in the scene

Is DPI The Only Thing That Matters? with Sam Lessin, Jason Lemkin & Rory O’Driscoll · 20VC with Harry Stebbings Jun 5, 2025 · 6 mentions

Windsurf CEO & Co-Founder, Varun Mohan: AI's Biggest Acquisition to Date! · 20VC with Harry Stebbings Jun 2, 2025 · 1 mention

  • ▶ 50:40 Harry Stebbings I mean, there are literally 12, 13 different providers in China who are racing faster than ever and will reach some asymptotic utility point where all of them hit the same level.

OpenAI’s $6BN Jony Ive Deal & YC Is Both Chanel and Walmart, and Has Officially Won! · 20VC with Harry Stebbings May 29, 2025 · 1 mention

  • ▶ 55:41 unnamed speaker Second of all in China, and then Europe is a farthest in third.

Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings May 26, 2025 · 12 mentions

  • ▶ 2:55 unnamed speaker Um, you, you know, I left China where I was born and, you know, come to Australia. 2 times in the scene
  • ▶ 11:52 unnamed speaker Yeah, so I basically exporting olive oil and, uh, and wine of Australia to, you know, China and other countries, and I was importing textiles from China to Australia. 2 times in the scene
  • ▶ 15:18 unnamed speaker Took off and especially like you also saw the internet in China took off, ah, you know, after, so the early 2000, right?
  • ▶ 19:34 unnamed speaker I mean, cause he, he at the time was started a company in China in AI. 3 times in the scene
  • ▶ 52:45 unnamed speaker Yeah, I remember like one day Xi'an basically need to pay suppliers in China, and, um, they gave us twenty million dollars, and our, uh, partner in China essentially was the supplier for Xi'an, and he's basically saying that volume got… 4 times in the scene
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