20VC General Partner @PaulBonnet says that VCs investing in neolabs at $5B pre-seeds need to see a $100B return. "When you invest at 5 billion seed or pre-seed, what you're really saying is that company will be worth at least 100 billion." "When that bet is placed 10, 20 times over, you have to start asking, 'Where is all that value coming from?' "I'm really hoping that we have some incredible breakouts from London but you [then] have to assume that that there are two more Anthropic and…