SHEIN to IPO at $64b, pre-IPOs future impact on public market indexes- Online fashion retailer, manufactures cloths in China- $64b IPO valuation- Net income = $2b 2023, $700m 2022, $1.1b 2021 ; Revenue = $45b 2023 ; 1.4x revenue multiple, very

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

7 days ago 11m 53s

Pre-IPO stock valuations = www.x.com/aarongdillon (see pinned post)Pre-IPO stock index fact sheet = www.agdillon.com/index00:07 | Databricks buys Tabular- AI-focused data management company- Tabular = $1b acquisition, 40 employees, founded 2021

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

10 days ago 41m 16s

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 published round in Oct 2022 at $1.0b; $5m Q1 2024 revenue, -

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

14 days ago 19m 59s

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

21 days ago 11m 38s

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, +144% from 2021- $2.2b 2023 revenue, +100% vs 2022- $21.6b s

E122: $625m for Reka AI founders/employees in <2yrs, $20b IPO for Klarna!, OpenAI GPT-4o’s multi-modal AI changed the game

24 days ago 41m 27s

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, tutoring, Mac app- Mac app is game-changer, Google Workspace

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

28 days ago 13m 8s

Pre-IPO stock valuations = www.x.com/aarongdillon (see pinned post)Pre-IPO stock index fact sheet = www.agdillon.com/index00:07 | OpenAI impresses with GPT-4o- Capable of handling text, speech, and video- Refreshed ChatGPT UI and a macOS deskto

E120: Wiz $12b valuation is a buy; Wayve $1b raise but not data play; Revolut $2b in 2023 revenue, $350m in net income

May 14th, 2024 29m 26s

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 countries- $2bn of revenue and $350m net income in 2023- $21b sec

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!

May 9th, 2024 12m 27s

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- Last published valuation was $1.35b in Jan 2022 Series B0

E118: CoreWeave a buy at $19b, OpenAI data deals a biz moat?, X valuation multiple pop if it becomes the "everything app"

May 8th, 2024 23m 52s

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

May 3rd, 2024 9m 19s

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, Apple App Store … all in one app- X needs “X Apps” to becom

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)

Apr 26th, 2024 10m 58s

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 America- Flexport has $1.5b secondary market valuation, -8

E115: Mistral AI up $3b in 4 months, Revolut $25.7b valuation by Schroders, Rippling/Ramp new rounds higher vs secondary valuations

Apr 24th, 2024 24m 57s

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

Apr 19th, 2024 11m 49s

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- $670m in secondaries for existing shareholder liquidity- $1

E113: Stripe $694m tender, Klarna $40m annual expense savings using AI, No diversification without pre-IPO stocks

Apr 17th, 2024 42m 17s

E112: OpenAI extends $86b tender, ByteDance/TikTok stock buyback!, Humane AI Pin officially launches, Revolut’s India regulatory approval

Apr 15th, 2024 6m 56s

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 rate as of YTD Q3 2023)- $285b current secondary market val

E111: Musk's xAI $18b valuation; $1b raise for AI "phones" from Ive/Altman; Klarna says BNPL better vs credit cards; Rubrik IPO prospects

Apr 9th, 2024 27m 56s

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

Apr 5th, 2024 13m 41s

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 major unprofitable tech IPO of the year01:29 | OpenAI 600,000

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?

Apr 2nd, 2024 26m 9s

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

Mar 29th, 2024 11m 40s

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 revenue as of Feb 2024- $4.3b current secondary market valuat

E107: Chime to IPO in 2025!, $16b CoreWeave valuation?!, Boom(planes) successful test flight

Mar 27th, 2024 27m 37s

E106: Noland Arbaugh controls a computer with his brain (Neuralink), Reddit IPO +48% day 1, Astera Labs IPO +72% day 1, $891b SpaceX 5yr valuation forecast, $610b OpenAI 5yr valuation forecast

Mar 22nd, 2024 10m 33s

00:09 | Noland Arbaugh controls a computer with his brain (Neuralink)- 29yr old is a quadriplegic, Neuralink implanted into his brain last month- Live stream of Arbaugh using only his brain to move a computer cursor, play chess, and play video

E105: Stripe attractive at $65b valuation (3.8x revenue multiple), Telegram is a hard no at $30b valuation, Should ByteDance investors be rooting for a forced TikTok US divesture?

Mar 19th, 2024 16m 39s

E103: Ripple's XRP up 20% last week, Buy Ripple the company or XRP (Ripple's crypto token)? X competing directly YouTube with new TV apps, X to be a distribution platform for independent content creators (news focus?), AI investor demand is stronger than

Mar 15th, 2024 28m 43s

E104: Stripe 2024 revenue at $17b?, only 3.8x multiple!; Telegram’s $30b valuation!; SpaceX Starship successful 3rd test-flight; Tiktok US at $153b valuation if standalone biz? | Pre-IPO Stock Market Update – Mar 15, 2024

Mar 15th, 2024 10m 2s

00:07 | Stripe 2024 revenue at $17b?, only 3.8x multiple!- $1 trillion in 2023 total payment volume, +25% vs 2022- Stripe 15yrs vs PayPal 23yrs to get to $1t- Estimated $17b in 2023 revenue, positive cash flow- $65b Feb 2024 tender, 3.8x revenu