Episode 9 of the Trading Places Podcast featuring Seedcamp's Reshma Sohoni and Carlos Eduardo Espinal is out now. This week we cover a jam-packed news cycle (prediction markets 📈, Google-Anthropic deal, Oracle's $38B debt raise, Tether's 500M users 🌍) plus an in-depth interview with the legendary Seedcamp co-founders on their pioneering secondary fund sale strategy. And of course, Professor Verjee breaks down Anthropic's $183B valuation in [valuation corner].

[ tech news + funding rounds ]

00:01:05 - Prediction Markets: Kalshi & Polymarket hit new valuations 🔥

00:10:44 - Google-Anthropic partnership deal 💰

00:14:54 - Oracle's $38B private credit raise 📊

00:17:26 - Tether hits 500M users globally 🌐

00:22:55 - Japan's Sakana AI raises $100M at $2.5B valuation

00:24:10 - AI productivity debate: Cathie Wood vs. reality check

[ seedcamp interview: reshma sohoni & carlos espinal ]

00:32:05 - Seedcamp's origin story & 500+ company portfolio

00:36:14 - Building the European VC ecosystem (2007-2014)

00:41:44 - Fund progression: from $2.5M to 100 investments

00:42:06 - Secondary sale strategy: selling funds 1 & 2 to Moulton

00:50:05 - LP secondary vs. direct secondary explained

00:57:12 - The 20% rule: when and how to sell positions

01:01:54 - Lessons from UiPath, TransferWise, Revolut exits

01:15:33 - European tech's future: demand-driven unicorns

[ valuation corner: anthropic ]

01:20:16 - Anthropic's $183B valuation breakdown 🤖

01:22:05 - OpenAI vs. Anthropic: who wins the AI race?

01:27:09 - The political divide: AI safety vs. acceleration

01:31:44 - David Sacks' critique & regulatory capture debate

01:37:45 - Final verdict: is Anthropic a good bet?

pod highlights this week:

-Prediction markets explode: Kalshi eyeing $10B valuation, Polymarket at $8B after sports betting approval from CFTC-Google deepens Anthropic partnership with $3B+ investment, securing cloud infrastructure with tensor chips

-Oracle raises massive $38B debt round to finance AI data center expansion in Texas & WisconsinTether reaches 500M users (vs. 340M Americans!) with $13B in annual profit—twice Blackrock's earnings

-Seedcamp's Reshma & Carlos reveal how they sold funds 1 & 2 to Moulton for a 4X+ return, unlocking fund 4 raise

-The "20% rule": Seedcamp's approach to secondary liquidity without timing the market perfectlyProfessor Verjee dissects Anthropic's $183B valuation (7B ARR, 7X YoY growth) and compares to OpenAI's $500B

-The AI political divide: why David Sacks criticized Anthropic's "woke" safety-first approach

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[ trading places podcast = www.linktr.ee/tradingplacespod]

[ seedcamp = https://seedcamp.com/ ]

[ reshma sohoni = https://www.linkedin.com/in/reshmasohoni/ | https://x.com/reshmasohoni ]

[ carlos eduardo espinal = https://www.linkedin.com/in/carlosespinal/ | https://x.com/carlosespinal ]

[ aman verjee = https://www.linkedin.com/in/aman-verjee/ | https://x.com/amanverjee ]

[ dave mcclure = https://www.linkedin.com/in/davemcclure/ | https://x.com/davemcclure ]

#davemcclure #tradingplacespod #tradingplacespodcast #venturecapital #secondaries #seedcamp #anthropic #predictionmarkets #technews #AIvaluation