EPISODE · May 7, 2026 · 1H 14M
Anthropic at $900B, OpenAI Slipping | Sacra & Augment Power 20 Private Companies | Cohere Valuation | Ep 33
from trading places · host Practical Venture Capital
Anthropic is accelerating at a pace the tech world has never seen.In Episode 33 of Trading Places, Dave McClure, Aman Verjee, Marcelo Ballvé (Sacra), and Adam Crawley (Augment) break down the AI valuation frenzy, OpenAI’s growing pressure, hyperscaler spending, Cohere’s international AI strategy, and whether SpaceX’s trillion-dollar valuation has completely detached from fundamentals.Timestamps:[ tech and vc news ]00:53 – Iran hits markets 💥05:00 – Hyperscalers $700B AI CapEx 💸12:31 – Anthropic raises $50B at $900B+ 🚀13:51 – Musk vs Altman courthouse battle 🥊18:22 – OpenAI eyes 2027 IPO 👀21:35 – Cerebras IPO imminent 🏁23:18 – Founders Fund $6B with 25% GP commit 😮25:41 – Sierra raises $950M at $15.8B 🚀29:16 – GameStop bids $56B for eBay 💰31:39 – [ intvw: Marcelo Ballve @ SACRA + Adam Crawley @ Augment ]33:16 – Why Anthropic beat OpenAI 🏆35:35 – Defense tech crashes the top 20 🛡️41:06 – SpaceX at $2T — vibes or fundamentals? 🚀47:35 – Most stretched valuation on the list 😬54:51 – Retail VC fund trap 👎1:02:24 – AGI in 18 months? 🤖1:04:23 – [ valuation corner: Cohere @ $7B ]1:05:40 – Canadian roots and team 🇨🇦1:09:45 – Aleph Alpha German acquisition 🇩🇪1:10:01 – The anti-US & anti-China play 🙅♂️1:13:08 – second takes 😂[ links ][ invest = https://practicalvc.com ][ trading places socials = www.linktr.ee/tradingplacespod ][ adam crawley = https://www.linkedin.com/in/adam-crawley-b2146753/ | https://x.com/adamcrawley1 ][ augment = https://augment.market/ ][ marcelo ballvé = https://www.linkedin.com/in/marceloballve/ | https://x.com/ballve ][ sacra = http://sacra.com/ ][ aman verjee = https://www.linkedin.com/in/aman-verjee | https://x.com/amanverjee ][ dave mcclure = https://www.linkedin.com/in/davemcclure | https://x.com/davemcclure ]Thank you for watching**Please note: Inclusion in the Augment Power 20 does not predict future performance and should not be considered investment advice. For informational purposes only. Augment Markets, Inc. is a technology company offering software and data services with securities-related services offered through its wholly-owned but separately managed subsidiary Augment Capital, LLC, Member of FINRA/ SIPC. Read our full disclosure statement here.#tradingplacespodcast #sacra #augmentmarkets #davemcclure #cohere
What this episode covers
Anthropic is accelerating at a pace the tech world has never seen.In Episode 33 of Trading Places, Dave McClure, Aman Verjee, Marcelo Ballvé (Sacra), and Adam Crawley (Augment) break down the AI valuation frenzy, OpenAI’s growing pressure, hyperscaler spending, Cohere’s international AI strategy, and whether SpaceX’s trillion-dollar valuation has completely detached from fundamentals.Timestamps:[ tech and vc news ]00:53 – Iran hits markets 💥05:00 – Hyperscalers $700B AI CapEx 💸12:31 – Anthropic raises $50B at $900B+ 🚀13:51 – Musk vs Altman courthouse battle 🥊18:22 – OpenAI eyes 2027 IPO 👀21:35 – Cerebras IPO imminent 🏁23:18 – Founders Fund $6B with 25% GP commit 😮25:41 – Sierra raises $950M at $15.8B 🚀29:16 – GameStop bids $56B for eBay 💰31:39 – [ intvw: Marcelo Ballve @ SACRA + Adam Crawley @ Augment ]33:16 – Why Anthropic beat OpenAI 🏆35:35 – Defense tech crashes the top 20 🛡️41:06 – SpaceX at $2T — vibes or fundamentals? 🚀47:35 – Most stretched valuation on the list 😬54:51 – Retail VC fund trap 👎1:02:24 – AGI in 18 months? 🤖1:04:23 – [ valuation corner: Cohere @ $7B ]1:05:40 – Canadian roots and team 🇨🇦1:09:45 – Aleph Alpha German acquisition 🇩🇪1:10:01 – The anti-US & anti-China play 🙅♂️1:13:08 – second takes 😂[ links ][ invest = https://practicalvc.com ][ trading places socials = www.linktr.ee/tradingplacespod ][ adam crawley = https://www.linkedin.com/in/adam-crawley-b2146753/ | https://x.com/adamcrawley1 ][ augment = https://augment.market/ ][ marcelo ballvé = https://www.linkedin.com/in/marceloballve/ | https://x.com/ballve ][ sacra = http://sacra.com/ ][ aman verjee = https://www.linkedin.com/in/aman-verjee | https://x.com/amanverjee ][ dave mcclure = https://www.linkedin.com/in/davemcclure | https://x.com/davemcclure ]Thank you for watching**Please note: Inclusion in the Augment Power 20 does not predict future performance and should not be considered investment advice. For informational purposes only. Augment Markets, Inc. is a technology company offering software and data services with securities-related services offered through its wholly-owned but separately managed subsidiary Augment Capital, LLC, Member of FINRA/ SIPC. Read our full disclosure statement here.#tradingplacespodcast #sacra #augmentmarkets #davemcclure #cohere
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Anthropic at $900B, OpenAI Slipping | Sacra & Augment Power 20 Private Companies | Cohere Valuation | Ep 33
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