Aravind Srinivas is the Founder and CEO of Perplexity, one of the fastest-growing AI companies in the world. Since the start of the year, Perplexity has tripled revenue to well over $500M in ARR. Aravind has raised over $1BN for the company with reported valuations reaching $20BN. AGENDA: 05:40 – &quot;Perplexity Changed Google More Than Any PM Ever Has&quot; 10:15 – Why Search Is Not the Future of AI 13:05 – The Most Important Insight in AI: The Model Is NOT The Product 16:10 – Why AI Agents Will Become Bigger Than Google Search 22:00 – AI Will Design Chips, Discover Drugs &amp; Cure Diseases 24:15 – The Secret to Building a 24/7 AI Agent 32:40 – Aravind&#x27;s Wild Prediction: Micron Could Become More Valuable Than Meta 41:00 – Why Power Will Be The Biggest Bottleneck In AI For The Next Decade 45:00 – Have U.S. Export Controls Accidentally Made China Stronger? 49:00 – Why Dario Amodei&#x27;s AI Doom Narrative Is Wrong 55:20 – Why Token Budgets are Total BS and Useless 58:00 – When Agent Traffic Surpasses Human Traffic, What Happens To The Internet? 01:08:00 – SpaceX, OpenAI &amp; Anthropic IPOs: Is There Enough Capital For All Three? 01:14:00 – What Elon Musk Is Really Like Behind Closed Doors

20VC: Micron Will Be More Valuable Than Meta | How Export Controls Helped Not Hurt China | Power is the Bottleneck to AI | Why Dario Has Done a Disservice to AI with his Labour Replacement Messaging with Aravind Srinivas, Founder @ Perplexity

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

# Full Transcript

**Podcast:** The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

## Transcript

[SPEAKER_A] I have nothing to lose. I came from nothing. I never even imagined myself to be doing all this. A $20 billion company. 45 million users. Over a billion searches a month.

[SPEAKER_B] Built in 3 years by 400 people.

[SPEAKER_A] These numbers like doesn't motivate me. It's hard to get motivated by wealth. You want to get motivated by impact. This is Perplexity with co-founder and CEO Aravind Srinivas. No one's ever in a comfortable position. No one can relax.

[SPEAKER_C] They forced Google to redesign their homepage.

[SPEAKER_A] Then bid $34 billion to buy Chrome.

[SPEAKER_B] Than their own valuation.

[SPEAKER_A] Perplexity changed Google.com more than any product manager at Google has ever done. Now you look at AI mode, it looks exactly like Perplexity. He doesn't do defense. He doesn't do comfortable. His words: attack, attack, attack. That's my motto. Go all in and try your best. Be on the offense all the time.

[SPEAKER_B] Aravind at Perplexity has done many shows. This is the single best podcast he has ever done. You know what I hate with podcasts? When people sit on the fence. Aravind has really strong opinions in the show today. He says that Micron will be more valuable than Meta. He says that the resistance today's data centers will continue and get worse. He says the biggest problem today is a lack of power. He claims that Perplexity has changed Google more than any Google PM. You want opinions? This is the show for you. Aravind was on stellar form today, and this was such a joy to do. But before we dive into the show today, if you're a finance professional, you know the month-end nightmare chasing down missing receipts and fighting with outdated tools that your employees hate using. It's time to enter the era of Navan. Navan is an AI-powered travel and expense platform that gives you control and real-time visibility into every dollar spent. The experience is seamless for employees too. They can book a trip in just 7 minutes, which is a fraction of the 45-minute industry average. Because the AI handles policy enforcement automatically, you can finally focus on driving business impact instead of manual data entry. How does saving up to 15% on your total travel budget sound? Pretty good? Well, that's why the world's best companies like Visa, Figma, Stripe, and Anthropic already have made the switch. Visit nivan.com/20VC navant.com/20VC to get started and enter to win 2 business class flights anywhere in continental US. No purchase necessary. Rules apply. Check it out today. Once Navant simplifies the travel, Airwallex simplifies the spend behind it. Founders, let's get real about the growth tax. You've raised VC funding and you're scaling globally, and it's no longer about shipping product, it's about orchestrating operations across continents. But suddenly your payments and finance stack is choking your...

20VC: Micron Will Be More Valuable Than Meta | How Export Controls Helped Not Hurt China | Power is the Bottleneck to AI | Why Dario Has Done a Disservice to AI with his Labour Replacement Messaging with Aravind Srinivas, Founder @ Perplexity

Transcript

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20VC: Micron Will Be More Valuable Than Meta | How Export Controls Helped Not Hurt China | Power is the Bottleneck to AI | Why Dario Has Done a Disservice to AI with his Labour Replacement Messaging with Aravind Srinivas, Founder @ Perplexity

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.