VC10X Micro - CODE RED🚨 at OpenAI - Is this the beginning of the end for Chatgpt?
Two years ago, Google declared a "Code Red" because of ChatGPT. Now, the tables have turned. On December 1st, 2025, Sam Altman sent a panic memo to OpenAI staff, declaring a "Code Red" to fix ChatGPT as traffic plunges for the first time in history.In this deep dive, we break down why OpenAI is suddenly losing the AI war to Google's Gemini and the viral "Nano Banana" tool. We analyze the 6% user drop that terrified Sam Altman, the massive $500 Billion valuation bubble that could burst, and why OpenAI's lack of a "moat" is finally catching up to them.KEY TAKEAWAYS✅ Why ChatGPT traffic is down 6% in just two weeks✅ The viral success of Google's "Nano Banana Pro" vs. OpenAI's expensive Sora✅ The risk behind OpenAI's $500 Billion valuation and $20B ARR target✅ Why top talent like Mira Murati is leaving OpenAI✅ How Google's infrastructure advantage (TPUs, Data Centers) is finally winningTIMESTAMPS:(0:00) - Intro(0:51) - Why the sudden panic?(1:23) - Nano Banana Pro threat(1:39) - Google's infrastructure edge (2:01) - The burden of massive valuation(2:28) - Heavy reliance on consumer subscriptions(2:50) - Chaos in product roadmap(3:39) - Empire strikes back(4:21) - Is this the end for Chatgpt?SOURCES & DATA- SimilarWeb Traffic Data: ChatGPT down 6% daily active users- The Information: "Sam Altman Declares Code Red"- Valuation Data: OpenAI at $500B vs SpaceX at ~$200BSUBSCRIBE FOR MORE VC & STARTUP STRATEGYVC10X breaks down the most important stories in tech, startups, and investing every week. If you want actionable insights to help you build or invest in the next great company, subscribe now.LET'S CONNECTWebsite: https://VC10X.comX / Twitter: https://x.com/choubeysahabLinkedIn: https://linkedin.com/in/choubeysahabCOMMENT BELOWHave you switched to Gemini or are you loyal to ChatGPT? Let us know in the comments.#OpenAI #ChatGPT #GoogleGemini #SamAltman #ArtificialIntelligence #TechNews #VentureCapital #CodeRed #StartupStrategy
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VC10X - Why Fundraising is Now a Numbers Game (And How to Win) - Braughm Ricke, Founder, Aduro Advisors
Fundraising used to be a relationship business. Now, it’s a volume game.In this episode, we sit down with the founder of Aduro Advisors to unpack the data behind the current venture capital landscape. With $131 Billion+ in assets under administration across 650+ firms, they have a bird’s-eye view of the market that few others possess.We dive deep into the "haves vs. have-nots" dynamic in VC, why the era of the generalist firm might be ending, and the exact operational mistakes that stop emerging managers from scaling. If you are raising a fund or managing a firm in 2025, you need to hear this.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comTopics covered:- Shift to Solo GPs: The rise of individual managers over large platforms.- Fundraising Reality: Why raising capital is now a volume-based "numbers game."- Market Polarization: The widening gap between the "haves" and "have-nots."- Specialization Wins: Why LPs favor sector-focused funds over generalists.- The 100% Rule: Data showing funds that invest 100%+ of capital outperform.- Smaller Funds: The strategic advantage of "right-sized" funds for faster returns.- Individual Investors: The massive influx of High Net Worth individuals into VC.- AI & Operations: Using AI to automate fund administration and data reporting.About the Guest:Aduro Advisors is a premier fund administration firm supporting over 650 venture capital and private equity firms with more than $131 Billion in assets under administration. Their platform, FundPanel, leverages data and AI to streamline operations for the next generation of investors.Timestamps:(00:00) - Introduction and episode overview(00:02:43) - Inspiration behind founding Aduro Advisors(00:04:25) - Major shifts in fund operations and data flow(00:05:58) - Aduro Advisors' data insights on fund performance and market recovery(00:09:48) - Evolution of fund sizes and LP composition(00:11:22) - Common mistakes made by first-time fund managers(00:12:40) - The importance of sector specialization versus diversification for LPs(00:17:24) - Surprising findings from Aduro Advisors' Q2 2025 report(00:20:16) - Longevity of firms and the "haves and have-nots" dynamic(00:23:09) - Characteristics of top-decile performing funds(00:25:48) - How Fund Panel streamlines fund administration and reporting(00:27:17) - The role of AI in fund administration(00:30:38) - Changes in fundraising approach post-pandemic(00:32:23) - Biggest opportunities for innovation in fund operations(00:33:54) - Where to learn more about Aduro Advisors and Fund PanelLearn more about Aduro Advisors:Website: https://aduroadvisors.com/FundPanel: https://fundpanel.io/VC10X links:VC10X website - https://VC10X.comFollow Prashant on LinkedIn - https://www.linkedin.com/in/choubeysahab#VentureCapital #Fundraising #PrivateEquity #EmergingManagers #StartupInvesting #AduroAdvisors
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VC10X Micro - The AI Chip War: Meta Chooses Google Over Nvidia!? ($4T at Stake)
On November 25th, 2025, Nvidia did something they've never done before: they publicly defended themselves. After reports broke that Meta is negotiating a multi-billion dollar deal to buy Google's AI chips instead of Nvidia's GPUs, Nvidia posted a defensive tweet claiming they're "a generation ahead" of ASICs like Google's TPUs.But if Nvidia is so far ahead, why are they tweeting about it? And why is Meta—their second-largest customer—trying to break free?In this deep dive, we break down the secret war for AI chips, analyze Nvidia's "panic tweet" line by line, and explain why Google is now racing toward a $4 trillion valuation while Nvidia's monopoly crumbles.TIMESTAMPS(0:00) Nvidia's Defensive Tweet(0:45) The Meta Betrayal: Google TPU Deal Explained(1:45) Google's $4 Trillion Comeback & Why TPUs Win(2:44) Is Nvidia in Trouble?(3:14) The Verdict: Confidence or Desperation?KEY TAKEAWAYS✅ Why Meta is negotiating to lease and buy Google TPUs starting in 2026✅ The hidden weakness Nvidia accidentally revealed in their tweet✅ How Google's "ASICs" are 30% faster and 60% more energy-efficient✅ Why spending $50 billion/year makes efficiency matter more than versatility✅ The end of Nvidia's monopoly pricing powerTHE TWEET BREAKDOWNWe analyze Nvidia's November 25th response where they claim superiority over "ASICs" (Google's TPUs), why this is defensive PR, and what it reveals about the shifting power dynamics in AI hardware.SUBSCRIBE FOR MORE VC & STARTUP STRATEGYVC10X breaks down the most important stories in tech, startups, and investing every week. If you want actionable insights to help you build or invest in the next great company, subscribe now.LET'S CONNECTWebsite: https://VC10X.comX / Twitter: https://x.com/choubeysahabLinkedIn: https://linkedin.com/in/choubeysahabCOMMENT BELOWIs Nvidia's tweet confident or desperate? Who wins the battle for Meta: Jensen Huang or Sundar Pichai? Let us know in the comments.#Nvidia #Google #Meta #AIChips #TPU #JensenHuang #SundarPichai #TechNews #VentureCapital #Alphabet
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PE10X - Lessons from $4.7B in Software Growth Equity with Maitlan Cramer, MD Bow River Capital
What does it really take to scale a B2B software company from early traction to a category leader? In this episode, Maitlan Cramer, Managing Director at Bow River Capital, breaks down the "Capital Plus" playbook used to manage roughly $4.7 billion in assets across the firm.Maitlan moves beyond the typical VC advice, explaining why growth equity is about "rolling up your sleeves" to fix broken processes rather than just writing checks. He shares why he will always choose a great market over a great product, how to distinguish between vanity growth and sustainable revenue, and why founders need to stop fearing the "growth equity" label.⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.comWHAT YOU'LL LEARN:📒The Growth Equity Playbook: How investing at the growth stage differs from early-stage VC.📉 Market over Product: Why you can fix a bad company, but you can’t fix a bad industry.🚩 Red Flags: How to spot "unhealthy growth" and vanity metrics before they kill your business.🤝 Sales & Talent: Why Maitlan hires for "grit" over resumes, and how to rebuild a C-Suite.🤖 The AI Wave: How artificial intelligence is reshaping retention, moats, and software pricing.TIMESTAMPS(00:00) - Let's start(00:41) - Introduction to Maitlan Cramer and Bow River Capital(02:36) - Maitlan's journey from Grant Ventures to managing $4.7B fund(04:18) - Stage of investment and growth equity vs buyout approach(05:11) - Majority ownership and buyout strategy explained(06:48) - Misconceptions founders have about growth equity capital(08:07) - Board involvement across different software verticals(08:24) - Case study: Altvia and building go-to-market motion(12:45) - Case study: HR Soft and restructuring the C-suite(15:43) - Impact of AI on competitive advantages and moats in software(16:33) - Assessing competitive advantage through customer calls(20:15) - AI strategy and data flywheel effects(23:29) - Great market vs great product investment philosophy(24:45) - Key operational metrics beyond revenue growth(27:38) - Bootstrap vs venture-backed investment opportunities(30:41) - Trends in customer acquisition costs and retention metrics(33:32) - Identifying and hiring great sellers(38:19) - Biggest learning: trusting the process(41:12) - Rapid fire round begins(41:24) - Sectors and regions of investment(43:03) - Typical stage and revenue range for investments(44:04) - Ownership targets in portfolio companies(45:07) - Typical check size and capital deployment(46:15) - How founders can get in touch(46:45) - Where to follow Maitlan and Bow River Capital(47:05) - Closing remarksABOUT THE GUESTMaitlan Cramer is a Managing Director at Bow River Capital, a Denver-based alternative asset manager. The firm manages approximately $4.7 billion in assets and operates across seven private fund platforms. Maitlan leads investments for the Software Growth Equity team, focusing on majority-control recapitalizations and buyouts of mission-critical B2B software companies.CONNECT WITH USWebsite: https://VC10X.comBow River Capital: https://www.bowrivercapital.com/Maitlan Cramer on LinkedIn: https://www.linkedin.com/in/maitlan-cramer-b797a744#GrowthEquity #SaaS #PrivateEquity #Investing #Startups #BowRiverCapital #BusinessPodcast
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VC10X Micro - The Land of Crazy Startup IPOs
India's IPO market has completely lost its mind. Groww is worth more than the Bombay Stock Exchange (as of 18th Nov '25 the date of recording). PhysicsWallah is losing ₹243 crore but got a 33% listing pop. And companies are literally moving their headquarters from the US to India just to IPO here. What's going on?In this deep dive, we expose the wild world of Indian startup IPOs. You'll discover how companies magically become profitable right before going public, why retail investors are gambling billions on unprofitable startups, and the shocking "reverse flip" trend where unicorns are abandoning Silicon Valley for Mumbai's markets. This is the untold story of the biggest IPO boom and potential bubble in the world right now.Note- The video was recorded on 18th Nov '25, all numbers and stock prices are true to that date.Disclaimer: This video is for educational and informational purposes only and is not financial advice. Please do your own research or consult a registered financial advisor before making investment decisions. The creator is not responsible for any profits or losses resulting from investment decisions.KEY TAKEAWAYS:✅ How Groww became worth more than the 150-year-old Bombay Stock Exchange✅ Why PhysicsWallah got a 33% listing gain despite losing ₹243 crore✅ The accounting tricks companies use to become "profitable" before IPOs✅ Why 70+ startups are moving from US/Singapore to India (reverse flipping)✅ India vs USA IPO markets: lower requirements, higher valuations, unlimited appetiteFEATURED COMPANIES:Groww: ₹1.1 lakh crore valuation (more than BSE itself on 18th Nov '25)Lenskart: Years of losses, then ₹297 crore profit in FY25—just before IPOPhysicsWallah: Loss-making but 33% listing gainsPine Labs: 2.5x oversubscribed despite unclear profitabilityZomato, Paytm, Nykaa, Ola Electric: The cautionary talesTIMESTAMPS:(0:00) Introduction(0:33) Groww IPO(1:54) Lenskart IPO(2:36) Pine Labs IPO(3:15) Physicswallah(4:51) Why & how do companies turn profitable just before the IPO?(6:51) Class of '21 - Zomato, Paytm, Nykaa(9:45) India vs USA IPO Markets(10:46) Reverse Flipping(12:04) Why are companies reverse flipping to India?(13:11) Is indian IPO market visionary or plain crazy?(13:58) ClosingSUBSCRIBE FOR MORE VC & STARTUP STRATEGYVC10X breaks down the most important stories in tech, startups, and investing every week. If you want actionable insights to help you build or invest in the next great company, subscribe now.LET'S CONNECTWebsite: https://VC10X.comX / Twitter: https://x.com/choubeysahabLinkedIn: https://linkedin.com/in/choubeysahabCOMMENT BELOWIs India's IPO market the future or a bubble waiting to pop? Have you invested in any of these companies? Let us know in the comments.#IndiaIPO #Groww #PhysicsWallah #Lenskart #StartupIndia #VentureCapital #IPOMarket #RetailInvesting #ZomatoIPO #PaytmIPO
About VC10X - Investing, Venture Capital, Asset Management, Private Equity, Family Office
VC10X brings you inside the minds of top venture capitalists, investors, fund managers, and family offices shaping the future of global investing. Each episode dives deep into proven investment strategies, portfolio construction, due diligence, valuations, risk management, exits, and wealth creation frameworks used by leading experts.
Whether you’re an investor, founder, or finance enthusiast, you’ll gain rare insights into how capital is deployed, returns are generated, and long-term value is built.
Hosted by Prashant Choubey
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