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20VC

The Twenty Minute VC interviews leading venture capitalists and company founders, hosted by Harry Stebbings.

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20VCEN · 57 min

How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong

Harry StebbingsPaul Erlanger

FOMO raised a $75M Series B at a $550M post-money valuation from Index and USV, with founders anchoring the price before receiving a term sheet.Its 17-person, AI-enabled organization has no meetings, 1:1s, or hierarchy, while founder-grade equity aligns a small group for a decade-long build.Pre-IPO perps and thesis-driven trading could define its global wedge, but SpaceX’s retail performance and prediction-market regulation remain key tests.