This Week in Pre-IPO Stocks - Market Update - Apr 07, 2023 - E41

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Pre-IPO Stock Market Update - Apr 07, 2023 | Buys stocks on Twitter powered by eToro, Databrick's ChatGPT competitor, SpaceX's Starship to launch next week, Tyler Siconolfi research (OpenSea, Deel)

00:31 | Twitter + eToro partner to bring stock trading to Twitter users
- Twitter will allow users to view market charts on an expanded range of financial instruments and buy and sell stocks and other assets from eToro
- Twitter cashtags will be expanded to cover far more instruments and asset classes
- Twitter users will be able to click a button that says “view on eToro,” which takes you through to eToro’s site, and then buy and sell assets on its platform
- Musk wants to turn Twitter into a super app like China's WeChat
- Musk changed the corporate name of Twitter to X Corp last week

01:50 | Databricks releases ChatGPT competitor
- Dolly 2.0 = first open-source, instruction-following LLM fine-tuned on a transparent and freely available dataset that is also open-sourced to use for commercial purposes
- Dolly 2.0 is available for commercial applications without the need to pay for API access or share data with third parties like OpenAI requires
- Databricks is open sourcing the dataset on which Dolly 2.0 was trained on, called databricks-dolly-15k

02:59 | SpaceX new rocket Starship to launch next week
- Starship is nearly 40 stories tall and has 5.5x more payload capability vs Falcon9; 22 tons vs 125 tons
- Starship's first orbital launch to happen next week ... targeting Mon, 17 Apr
- Starship is designed to be reusable but for this initial orbital test the focus is simply reaching orbit
- The booster - Super Heavy - will splash down in the Gulf of Mexico
- The spacecraft - Starship - will splash down near Hawaii
- Musk said there is a 50% chance of success for the mission
- A second Starship orbital flight is estimated for later this year

04:09 | Tyler's Corner by Tyler Siconolfi ... OpenSea and Deel
- OpenSea, the NFT exchange, announced it will be launching OpenSea Pro, a NFT marketplace aggregator that allows users to trade NFTs from different marketplaces all under one platform. This move has now put OpenSea in front of Blur, a rival NFT marketplace, as the most popular NFT marketplace based on daily active user.
- Deel, the HR platform, has expanded its immigration service, making it significantly easier and less time consuming to hire and move people around the globe. The new expansion allows more than 25 different countries to use their platform and streamline the immigration process of global employees. Deel's 2022 revenue was up 418% but its stock price was down 45% in secondary market trading.

05:21 | Large capital raises
- BYJU'S | $700m Series L. $22.0b valuation
- LayerZero | $120m Series B, $3.0b valuation
- SJSemi | $340m Series C1, $2.0b valuation
- Quantexa | $129m Series E, $1.8b valuation
- Covariant | $75m Series C1, $625m valuation

06:34 | Pre-IPO stock market performance
- Pre-IPO stocks were down 2.25% for the week vs the S&P 500 down -0.02%. 
- YTD pre-IPO stocks still trail the S&P by about 19%.
- OpenSea and Kraken have given up all their gains YTD. OpenSea is now up only 2% … Kraken is down 3%. Discord, Epic Games, Airtable, Flexport, and Chime are still all down over 20%.
- A big week for the challenger banks. Chime and Revolut were both up big. 15% and 13% respectfully.
- OpenSea was down 25% just last week alone. Kraken was down 12% last week. Not a great week for crypto related businesses.

AG Dillon & Co venture capital funds...
- AG Dillon SpaceX Pre-IPO Stock Fund = www.agdillon.com/spacex
- AG Dillon Pre-IPO Equity Fund (top 15 pre-IPO stocks) = www.agdillon.com/top15