Kalshi, every mention
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every year anyone Harry Stebbings 105Tarek Mansour 28Alex Bouaziz 5Rory O'Driscoll 4Jason Lemkin 3Everett Randle 1David Frankel 1Ali Partovi 1
Verbatim, from the transcripts: the passages where Kalshi comes up
The AI Boom Will Create Enormous Roadkill: Who Wins & Loses? | David Frankel
- ▶ 1:25:41 David Frankel Like it, I mean, if you look at like Kelsey and Polymarket, what's the difference there between DraftKings and Betway?
The AI Company Simulating the Entire Economy | Simile Co-founder & CEO, Joon Sung Park
- ▶ 31:27 Harry Stebbings If you do your job efficiently, can calcium poly markets still exist for a lot of their markets?
Zuckerberg Back on X Challenging Codex & Claude Code | SK Hynix’s $26BN IPO · 20VC with Harry Stebbings
- ▶ 59:02 Jason Lemkin Or Calci stock.
Coinbase Cuts AI Spend by 50% | Kalshi's $40B Valuation & Impending IPO | The Year for SaaS Roll-Ups · 20VC with Harry Stebbings
- ▶ 22:20 Jason Lemkin I, I, I, let's, is it on Kalshi?
- ▶ 38:51 Harry Stebbings Well, the experts in volatility are Calci, and Calci are apparently raising a new round at forty billion dollars. 6 times in the scene
How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong · 20VC with Harry Stebbings
- ▶ 7:00 Harry Stebbings Do you compete with Akalshi then? 2 times in the scene
DeepSeek Raises at $50B | The Rise of Open Source vs OpenAI & Anthropic | OpenAI Builds Own Chip · 20VC with Harry Stebbings
- ▶ 58:16 Harry Stebbings But speaking of people crushing it, Calci passes two billion run rate, starts prepped for IPO rumoured to be, 13 times in the scene
Anthropic's Fable Banned by US Government | Wix & Adobe Hit All-Time Lows | Mistral Raising at $20BN · 20VC with Harry Stebbings
- ▶ 19:07 Everett Randle I think if you look at the poly market Calci odds on a Tesla SpaceX merger, again, you know, not, not that those markets are so big that they're, um, that indicative, but I think the probability that they have on there is something like…
Anthropic vs The Pentagon: Who Wins? | The Data Center Arms Race | The Ultimate Stock Picks · 20VC with Harry Stebbings
- ▶ 9:40 Rory O'Driscoll And Polymarket and Kelsey know. 2 times in the scene
Mitchell Green: Why 50% of VCs Should Not Exist · 20VC with Harry Stebbings
- ▶ 20:48 Harry Stebbings That the world is being calcified? 2 times in the scene
Anthropic’s $10B Raise | a16z’s $15B Fund: Is the Middle Dead in VC? | How OpenAI Could Go to Zero? · 20VC with Harry Stebbings
- ▶ 24:55 unnamed speaker You just, just do, so if my son's off ChatGPT, Rory, we got a short, let's get on Kalshi and just short this baby.
Predictions for 2026: Top Buy & Biggest Short | Why Salesforce Could Win & NVIDIA’s Challenges · 20VC with Harry Stebbings
- ▶ 10:23 unnamed speaker Calci, cognition, ok? 2 times in the scene
SpaceX Valued at $800BN & Harvey Raises $160M at an $8BN Price & Netflix Acquires Warner Brothers · 20VC with Harry Stebbings
- ▶ 1:31:00 Harry Stebbings Calci raised a billion at, uh, eleven billion. 3 times in the scene
Kalshi CEO Tarek Mansour on Raising $1BN, CNN and CNBC Deals & the Polymarket Feud · 20VC with Harry Stebbings
- ▶ 0:00 Tarek Mansour Kind of what happened with Kalshi in the election was a bit of a Chad GPT moment for our industry. 3 times in the scene
- ▶ 0:44 Harry Stebbings I mean, holy cow, what a rampage cow she's been on, my friend. 10 times in the scene
- ▶ 3:37 Tarek Mansour At least maybe I'll, I'll respond to it in terms of the Calci strategy. 2 times in the scene
- ▶ 4:49 Harry Stebbings Dude, how much of Calci's activity is sports betting? 2 times in the scene
- ▶ 7:21 Tarek Mansour And you, when you see this type of, like, I would say, success, I think this kind of what happened with Calci in the election was a bit of a Chad GPT moment for our industry. 2 times in the scene
- ▶ 9:41 Tarek Mansour And look, I think people like rivalries and like they, you know, they, they, they sort of like scale them and amplify them and grow them and, and, and, you know, it's more fun to watch a Calci Poly market than, you know, 2 times in the scene
- ▶ 14:58 Tarek Mansour Um, because when you look back at the story of Kalshi, like, you know, the one thing I always tell people, like, that I think is the thing that spiked for us, uh, and, and look, I think we're competent, I think we're smart, I think we have…
- ▶ 16:10 Tarek Mansour One of the harshest moments in the history of the company were, was, um, so, you know, we, we spent three years to get regulated upfront. 4 times in the scene
- ▶ 20:49 Harry Stebbings Can I ask you a weird one, dude, which is like, if the world is financialized by Kaoshi, 5 times in the scene
- ▶ 24:55 Tarek Mansour And at the end of the day, the mission of the company is like, we want to bring more truth to a lot of these processes, whether it's the election process.
- ▶ 30:49 Tarek Mansour He's been a huge believer when at times where people really didn't believe it was really hard to believe in Calcian times.
- ▶ 33:57 Tarek Mansour And, you know, we were a smaller company and we weren't as successful. 4 times in the scene
- ▶ 38:04 Harry Stebbings My question to you would be, what celebrity would you most like to have in Kalshi?
- ▶ 42:45 Harry Stebbings What's the biggest misconception people have about Kalshi today? 4 times in the scene
Anthropic Raises $30B from Microsoft & NVIDIA & NVIDIA’s Core Business Faces TPU Threat · 20VC with Harry Stebbings
- ▶ 1:18:42 Harry Stebbings Um, we can do Calci's new round.
Peter Thiel and Softbank Sell NVIDIA - Why? & Why VC Will Hit $1TRN and The Opening of Retail · 20VC with Harry Stebbings
- ▶ 1:21:38 unnamed speaker He loves his Kelsey, Tom. 3 times in the scene
Is a $4.5BN Exit Enough in VC? & Harvey Raises $150M & Why Google is a Buy and Amazon is a Sell · 20VC with Harry Stebbings
- ▶ 1:14:17 Harry Stebbings I would rather be in Kalshi. 6 times in the scene
Deel CEO, Alex Bouaziz on Raising $300M+ at a $17BN Valuation · 20VC with Harry Stebbings
- ▶ 1:08:30 Alex Bouaziz I was, I would have said Tarek a year ago from Kalshi. 2 times in the scene
- ▶ 1:11:48 Alex Bouaziz I mean, Alfred is on the board of Kalshi, and Tarek is a very close friend, and I think the impact Alfred has had on the business is very significant.
Thinking Machines Co-Founder Joins Meta for $3.5BN, Industry Venture's $665M Acquisition · 20VC with Harry Stebbings
- ▶ 46:49 Harry Stebbings CalSheep, the direct comp, raises from Andreessen and Excel at five billion dollars. 5 times in the scene
OpenAI's Multi-Billion Deal with AMD & Polymarket, Vercel and Supabase Raise Mega Rounds · 20VC with Harry Stebbings
- ▶ 1:29:28 Jason Lemkin Is there, is there a Calci or you just, is this a binary question?
Are Burn Multiples BS in an AI World? & Sam Altman Needs $1TRN of Energy · 20VC with Harry Stebbings
- ▶ 55:33 Rory O'Driscoll If there was a Calci bet, and maybe I should check it that, you know, some version of this AI strategy will not produce meaningful revenue despite a twenty billion dollar burn and will look more like meta VR and less like Instagram and…
The Impact of H1B Visas on Startups in the US & NVIDIA Invests $100BN Into OpenAI · 20VC with Harry Stebbings
- ▶ 1:19:09 Harry Stebbings I am just going to say this before we do a couchy quick fire because Jason won't, but I always remember the revenue cat founders telling me about Jason, like wiring the money from like his personal account. 3 times in the scene
Opendoor CEO, Kaz Nejatian: OpenAI and Oracle, How Can Either Afford to Do This · 20VC with Harry Stebbings
- ▶ 1:23:12 Harry Stebbings A Kalshi quickfire. 2 times in the scene
Databricks at $100BN, CoreWeave’s $11B Debt Bet & Nubank’s $2.5B Profit Shocker - Ep.19 · 20VC with Harry Stebbings
- ▶ 1:26:44 Harry Stebbings Boys, speaking of platform risk, and we mentioned Anthropic, OpenAI, um, we're going to do a Cauchy quickfire round. 2 times in the scene
Sam Altman's Masterplan or a Gift to Anthropic? Palantir & Shopify Crush Earnings · 20VC with Harry Stebbings
- ▶ 1:20:31 Harry Stebbings and then we'll do a quick fire or Kaoshi. 2 times in the scene
- ▶ 1:28:47 Harry Stebbings We're going to do a Kalshi quickfire. 2 times in the scene
How Do All Providers Deal with Anthropic Dependency Risk & Figma IPO Breakdown: Where Does it Price? · 20VC with Harry Stebbings
- ▶ 1:22:56 Harry Stebbings We're going to do our Kaoshi quick fight. 3 times in the scene
Windsurf x Google x Cognition: Full Breakdown: Who Made Money, Who Did Not · 20VC with Harry Stebbings
- ▶ 1:16:20 Harry Stebbings So we are going to start with who, by the way, I love the way that our last Calci quick fire round was beaten by the market. 2 times in the scene
Daniel Gross and Nat Friedman: Acquired by Meta | Microsoft Layoff 9000 People | OpenAI's Bombshell · 20VC with Harry Stebbings
- ▶ 59:07 Harry Stebbings Okay, so we're going to do a Kalshi quickfire. 6 times in the scene
Figma’s IPO: The Full Breakdown & Why Melio’s $2.5BN Acquisition is “Discouraging” · 20VC with Harry Stebbings
- ▶ 1:12:36 Harry Stebbings Is it Calci Quickfire?
Chime IPO: Are IPOs Hotter Than Ever? · 20VC with Harry Stebbings
- ▶ 1:02:09 Harry Stebbings We're going to do a Cauchy quickfire. 2 times in the scene
Elon’s Empire: SpaceX, Tesla, Neuralink After the Storm & Anduril’s $2.6BN Power Move · 20VC with Harry Stebbings
- ▶ 1:11:19 Harry Stebbings Um, so this is Kalshi's quick fire. 2 times in the scene
Is DPI The Only Thing That Matters? with Sam Lessin, Jason Lemkin & Rory O’Driscoll · 20VC with Harry Stebbings
- ▶ 1:17:40 Harry Stebbings We're going to do a Kalshi quickfire.
- ▶ 1:22:27 Rory O'Driscoll So you don't do it because you think it's likely you do it because you think the odds on that, the Calci bet are low enough, are high enough in terms of return that it's not a crazy thing to do.
OpenAI’s $6BN Jony Ive Deal & YC Is Both Chanel and Walmart, and Has Officially Won! · 20VC with Harry Stebbings
- ▶ 1:07:45 Harry Stebbings So this is Kalshi Quickfire. 3 times in the scene
- ▶ 1:12:23 Harry Stebbings Final final couchy quickfire.
- ▶ 1:13:33 unnamed speaker I, I, I, with one caveat, I thought this was bullshit when we started it a week ago, but now I'm thinking of making a bet on Cal sheet, which just shows how easily it works.
20VC: What are the World's Tech Leaders Running From? Fear? Insecurity? Poverty? What Drives the Best with Orlando Bravo, Bill Ackman, Dara Khosrowshahi, Parker Conrad, Tobi Luttke, Brian Armstrong and more..
- ▶ 19:58 Harry Stebbings Kalshi on what he's running from?
Alex Bouaziz: How We Became a $12B HR Company with 2,000 Remote Employees | 20VC #973 · 20VC with Harry Stebbings
- ▶ 2:08 Harry Stebbings I, I do want to ask, you know, when you think about navigating the idea maze and choosing what you want to work on, I remember speaking to Tarek at Kalshi before the show about kind of very early, um, uh, iterations, let's just say, of…
- ▶ 52:39 Alex Bouaziz I still think Kalshi and Tarek, you know, there's an episode with him, right? 2 times in the scene
Kalshi CEO Tarek Mansour: How to Build Moats Against Incumbents; How to Hire Engineers | 20VC #931 · 20VC with Harry Stebbings
- ▶ 0:36 Harry Stebbings And then how did you come to found Kalshi most recently? 2 times in the scene
- ▶ 11:01 Tarek Mansour When I first started Kalshi, it was fully brute force. 3 times in the scene
- ▶ 13:42 Tarek Mansour And I just feel, and the reason I think about the ecosystem, not the company Scalshi is because right now we're the only ones.
- ▶ 17:48 Harry Stebbings There are people who want to make it happen, and they want to see Kalshi succeed, and then there are others who fucking need to make it happen, and the ones that need to make it happen do the three all-nighters in a row and get it done,…
- ▶ 25:10 Tarek Mansour And CalShare is the perfect combo of both where you can do both. 4 times in the scene
- ▶ 38:51 Harry Stebbings Um, how have you stayed mentally and financially lean and constrained with, bluntly, a lot of capital injected into the company in a relatively short amount of time?
- ▶ 45:24 Harry Stebbings What's the hardest element of your role with Kalshi today? 2 times in the scene
- ▶ 51:09 Harry Stebbings Kalshi five years time is 20, 27. 3 times in the scene
20VC: How I Lost a $125M Deal with Yahoo by Being Too Honest, The M&A Meeting with Steve Jobs That Did Not Go Well and How U2's Bono Saved The Day For One Tech Startup with Ali Partovi, CEO @ Neo
- ▶ 0:07 Harry Stebbings So with that, I'm thrilled to welcome Ali Partovi, CEO at NEO, a mentorship community and communal VC fund that announced their new one hundred and fifty million dollar fund late last year on the back of early hits from Fun One, including…
- ▶ 12:18 Ali Partovi At companies like Vanta, Kalshi, Copercure, I think not a single person they hired was without a phone call, at least from me, to help convince them to join the company, you know, in the first 10 or so people they hired.