# 20VC: Anthropic Surpasses OpenAI Revenue | OpenAI Acquisition of TBPN: Analysed | OpenAI Management Team Reboot | YC Kicks Delve Out | Mercor Hack and Why Now is the Time for Cyber | Supabase Raising at $10BN & Doug Leone Returns to Sequoia

Page: https://stenobird.com/podcast/twenty-minute-vc/20vc-anthropic-surpasses-openai-revenue-openai-acquisition-of-tbpn-analysed-openai-management-team-reboot-yc-kicks-delve-out-mercor-hack-and-why-now-is-the-time-for-cyber-supabase-raising-at-10bn-doug-leone-returns-to-se
Text version: https://stenobird.com/podcast/twenty-minute-vc/20vc-anthropic-surpasses-openai-revenue-openai-acquisition-of-tbpn-analysed-openai-management-team-reboot-yc-kicks-delve-out-mercor-hack-and-why-now-is-the-time-for-cyber-supabase-raising-at-10bn-doug-leone-returns-to-se.md
Podcast: [The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch](https://stenobird.com/podcast/twenty-minute-vc)
Published: 2026-04-09T07:07:00+00:00
Episode link: https://thetwentyminutevc.libsyn.com/20vc-anthropic-surpasses-openai-revenue-openai-acquisition-of-tbpn-analysed-openai-management-team-reboot-yc-kicks-delve-out-mercor-hack-and-why-now-is-the-time-for-cyber-supabase-raising-at-10bn-doug-leone-returns-to-sequoia
Audio file: https://traffic.libsyn.com/secure/thetwentyminutevc/The_Trio_Episode_51.mp3?dest-id=240976
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/twenty-minute-vc/episodes/20vc-anthropic-surpasses-openai-revenue-openai-acquisition-of-tbpn-analysed-openai-management-team-reboot-yc-kicks-delve-out-mercor-hack-and-why-now-is-the-time-for-cyber-supabase-raising-at-10bn-doug-leone-returns-to-se
Duration seconds: 5236

## Resource

AGENDA: 03:59 — Anthropic Surpasses OpenAI in Revenue 12:43 — OpenAI Management Reboot 18:24 — OpenAI Buys TBPN 29:00 — SpaceX Files for IPO Targeting $2 Trillion Valuation 37:21 — Doug Leone Returns to Sequoia Capital 41:14 — YC Kicks Out Delve 45:21 — The Rise of Open Router 57:59 — Supabase Targeting $10B Valuation 01:08:18 — The Mercor Hack and AI Cyber Threats Moving Forward 01:17:25 — The $1.8B Two-Person Company

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/twenty-minute-vc/episodes/20vc-anthropic-surpasses-openai-revenue-openai-acquisition-of-tbpn-analysed-openai-management-team-reboot-yc-kicks-delve-out-mercor-hack-and-why-now-is-the-time-for-cyber-supabase-raising-at-10bn-doug-leone-returns-to-se/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/twenty-minute-vc/20vc-anthropic-surpasses-openai-revenue-openai-acquisition-of-tbpn-analysed-openai-management-team-reboot-yc-kicks-delve-out-mercor-hack-and-why-now-is-the-time-for-cyber-supabase-raising-at-10bn-doug-leone-returns-to-se.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.