Reflection co-founder Misha Laskin talks with Lightspeed’s Claire Zau about the open weights debate, arguing that closed and open models map neatly onto renting versus owning a home. He says AI gateways have shifted over six months from roughly 70% closed tokens to a majority of open ones, and makes the case that startups want control over cost, compute and data. China’s lead on open models and the history of strong encryption both feature.