EPISODE #8 - This Week in Pre-IPO Stocks Podcast - Mar 2, 2023 | Fusco, Nitti, Jassy, Dillon

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EPISODE #8 - This Week in Pre-IPO Stocks Podcast - Mar 2, 2023 | Fusco, Nitti, Jassy, Dillon

Clint Sorenson is on holiday this week.

01:20 | NFT exchange Blur is eating OpenSea's lunch
- Blur offers 0% commission NFT trading
- In February, nearly 80% of global NFT trading was taking place on Blur. 
- OpenSea has responded by going to 0% commission for a temporary basis.
- These companies are making no revenue but Blur raised an $11 million seed round early last year from Paradigm.
- Following its October launch, Blur is now looking to raise between $15 million and $30 million at a $700 million valuation.

10:02 | AI is on fire with Musk entering the game...
- Musk’s BaseAI; OpenAI is too "woke“, Does Musk have a competitive advantage with Twitter's data?
- OpenAI APIs; Snapchat, Instacart, Shopify are already live with the APIs

19:46 | Juul, once a top 3 pre-IPO stock by valuation, may be out at Altria and NJOY is in
- Altria in 2018 paid $12.8 billion for a 35% stake in Juul, $38b valuation. It now values Juul at $714 million.
- Altria advanced talks to buy e-cigarette startup NJOY for at least $2.75 billion and plans to divest its stake in Juul.

Subscribe to the podcast...
Youtube = https://www.youtube.com/channel/UCSpr_9yjBA7dhqnQexSu7LA
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Participant bios...
- Nick Fusco, ApeVue - CEO = www.linkedin.com/in/nickfusco
- Don Nitti, Social Leverage - Venture Partner = www.linkedin.com/in/donald-nitti-392a00216
- Clint Sorenson, WealthShield - CIO = www.linkedin.com/in/csorensoncfacmt
- Aaron Dillon, AG Dillon & Co - Managing Director = www.linkedin.com/in/aarondillonnyc