This Week in Pre-IPO Stocks
This Week in Pre-IPO Stocks reports on pre-IPO stock research, trends, trading, and venture capital funds. Visit www.agdillon.com for more.
- Update frequency
- every 3 days
- Average duration
- 20 minutes
- Episodes
- 223
- Years Active
- 2022 - 2025
E126: OpenAI +14% on Apple Siri deal, Shein $64b IPO on LSE, SpaceX Starship successful 4th test flight, Databricks buys Tabular for $1b, Cohere new $5b valuation, Carta down to $2b valuation
Pre-IPO stock valuations = www.x.com/aarongdillon (see pinned post)
Pre-IPO stock index fact sheet = www.agdillon.com/index
00:07 | Databricks buys Tabular
- AI-focused data management com…
E125: Dislocation in the pre-IPO stock secondary markets vs primary markets, AI M&A activity ramping up, AI "sub" asset classes emerging, AI application/implementation layer paramount for AI ecosystem revenue
AI SHOPS SELLING
-Inflection AI sold to Microsoft and Stability AI, Humane looking to sell
-Inflection AI sold for $650m; investors get 10% to 50% return on investment
-Stability AI last p…
E124: OpenAI used by 93% of Fortune 500, PwC to sell ChatGPT; Grafana Labs $6b valuation; Klarna $22m Q1 profit; Databricks $1.6b in 2023 revenue; Epic Games $800m in Fortnite in-game economy; xAI $24b valuation, now 8th largest pre-IPO stock; CoreWeave I
00:07 | OpenAI inks PwC deal
01:16 | OpenAI inks deal with Grab
02:07 | OpenAI data deal with The Atlantic, Vox Media
03:13 | OpenAI ChatGPT Edu launches
04:43 | Grafana Labs new funding ro…
E123: Revolut seeks $33b valuation, +53% vs secondary mrkt levels; Scale AI new $13.8b valuation, +97% from last round; Anduril new $12.5b valuation, -5.3% vs secondary mrkt levels; Groq new $3b valuation, -32% vs secondary mrkt levels
00:08 | Revolut new round
- UK online bank
- Launching new payment terminal in 2H 2024, expanding Europe availability for product
- Raising $500m tender at $33b valuation
- 40m customers, +…
E122: $625m for Reka AI founders/employees in <2yrs, $20b IPO for Klarna!, OpenAI GPT-4o’s multi-modal AI changed the game
00:16 | OpenAI GPT-4o’s multi-modal AI changed the game
- GPT-4o release last Monday; capable of handling text, speech, and video (multi-modal)
- Best use cases; real-time translation, tu…
E121: Figma $12.5b valuation tender; $625m cash for Reka AI founders/employees; Klarna IPO rumored at +100% vs 2ndary mrkt; OpenAI impresses with GPT-4o; Reddit + OpenAI data deal; Anthropic hires new CPO, launches in Europe; Chime vs payday lenders; Star
Pre-IPO stock valuations = www.x.com/aarongdillon (see pinned post)
Pre-IPO stock index fact sheet = www.agdillon.com/index
00:07 | OpenAI impresses with GPT-4o
- Capable of handling text,…
E120: Wiz $12b valuation is a buy; Wayve $1b raise but not data play; Revolut $2b in 2023 revenue, $350m in net income
REVOLUT
- https://www.revolut.com/en-US/
- online banking
- 40 million customers, adding 1 million new customers a month
- Available in 150 countries, #1 finance downloaded app in 17 countr…
E119: Wiz $12b valuation, Wayve raises $1b, Chime fined by CFPB, Titkok sues US govt (obviously), OpenAI cuts another training data deal, FTX customers made whole!
00:08 | Wayve raises $1b
- UK AI-autonomous driving technology company, licenses AI-tech to car manufactures
- Softbank, D1, Nvidia, Microsoft investors
- Round valuation was not disclosed
…
E118: CoreWeave a buy at $19b, OpenAI data deals a biz moat?, X valuation multiple pop if it becomes the "everything app"
E117: CoreWeave’s $19b valuation, +171% in 5 months; X Payments approved in 25 or 50 states; OpenAI cuts data deal with Financial Times; Anthropic launches mobile app
00:07 | X Payments approved in 25 or 50 states
- X Payments functionality; pay a friend, pay a merchant, earn interest, shop, buy content
- X = YouTube, WhatsApp, Venmo, Amazon, NYT/CNN, …
E116: Tiktok US to have a $152b valuation, xAI raising $6b at $18b valuation, X/Twitter to launch TV app, Flexport wins Shein business, Stripe tech to accept stablecoin payments, Anduril wins another govt contract (unmanned jets)
00:08 | Flexport wins Shein business
- Flexport wins Shein US shipping business with deep tech integration
- Shein to expand products outside of fashion and manufacturing from India/Latin…
E115: Mistral AI up $3b in 4 months, Revolut $25.7b valuation by Schroders, Rippling/Ramp new rounds higher vs secondary valuations
E114: Rippling raises at $13.4b, Ramp raises at $7.6b, Klarna’s new US credit card, AI clones in Hollywood, Mistral raises at $5b, Anduril autonomous submarine for Australia Navy, Revolut changes bank partners in US
00:09 | Rippling raises at $13.4b
- HR tech company, constituent in AG Dillon Pre-IPO Stock 2024 Vintage Index
- $870m raise at $13.4b post-money valuation
- $200m in capital for company
- …
E113: Stripe $694m tender, Klarna $40m annual expense savings using AI, No diversification without pre-IPO stocks
E112: OpenAI extends $86b tender, ByteDance/TikTok stock buyback!, Humane AI Pin officially launches, Revolut’s India regulatory approval
00:08 | ByteDance/TikTok stock buyback!
- Expanding Q4 2023 buyback to non-US employees
- $171/share for employees, $145/share for former employees
- $112b in 2023 annualized revenue (run …
E111: Musk's xAI $18b valuation; $1b raise for AI "phones" from Ive/Altman; Klarna says BNPL better vs credit cards; Rubrik IPO prospects
E110: Rubrik IPO, $5.7b valuation; OpenAI 600,000 business users; SpaceX Starship test #4 in early May; Starlink going live in Indonesia; Mexico approves Revolut Bank; Anduril wins US Army mandate; Klarna better vs credit cards! | Pre-IPO Stock Market Upd
00:10 | Rubrik IPO, $5.7b valuation
- $5.7b secondary market valuation
- 1,700 business customers
- $627m fiscal 2024 revenue
- 91% of revenue is subscriptions
- $354m in net loss
- First maj…
E109: Discord ads!, $600m rev, $5.2b val, 8.7x rev multiple; Shein IPO, $2b profit, $45b rev, $66b val, 1.5x rev multiple; Kraken a buy?
E108: Scale AI $13 valuation, Cohere $5b valuation, Amazon $4b total into Anthropic, $26b Canva buys Affinity, xAI launches Grok-1.5, +2.65% 2024 Pre-IPO Stock Vintage Index | Pre-IPO Stock Market Update – Mar 29, 2024
00:10 | Cohere $5b valuation
- Cohere has LLM and competes with OpenAI ChatGPT
- PSP Investments (Canadian pension fund) to co-lead $500m round
- 227x revenue multiple!
- $22m annualized re…