20VC

Harry Stebbings × Matteo Franceschetti

AI is letting Eight Sleep scale output: engineers direct hundreds of AI engineers, while email marketing generates close to $100M with a team of zero and paid media produces $200–300M with two people.Watch whether this productivity supports the three-year target of 250 people making a billion, amid talent retention, Anthropic’s cost curve, regulation, and model self-learning risks.

Harry Stebbings × Severin Hacker

Duolingo used AI to add 148 courses in one year after taking 12 years to build its first 100, moving toward real-time personalized exercises while humans retain curriculum control.Its competitive evidence remains retention built through thousands of A/B tests, while AI support and content generation improve unit economics; OpenAI's motivation-based threat, European funding constraints and public-market demands for predictability remain unresolved risks.

Harry Stebbings × Mikey Shulman

Suno’s structural bet is that foundation models eventually disappear into products, shifting competition from model releases toward interfaces, taste, and user experience.Music AI may scale differently from text: Suno keeps models relatively small, differentiates through audio tokenization and experimentation, and charges users to create rather than listen.Artist-licensed models, prompt-level royalties, and interactive music could expand the market, but the June 2024 lawsuit and GPU costs remain material risks.