Send us a text 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 company - Tabular = $1b acquisition, 40 employees, founded 2021 - Tabular to enhance Databricks AI capabilities - $1.6b in 2023 revenue, +50% vs 2022 - $42b secondary market valuation 00:57 | Shein to IPO - Online fashion retailer, manufactures cloths in China - $64b IPO valuation - Net income = $2b...
Jun 07, 2024•12 min•Ep. 126
Send us a text 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, -$30m Q1 2024 net income, $100m in outstanding payables to cloud computing providers -Humane looking for a $750m to $1b price tag -Winners and losers are starting to shape up in the AI play? -AI "asset classes" ; chips, cloud, data, models...
Jun 04, 2024•41 min•Ep. 125
Send us a text 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 round 05:24 | Klarna profitable in Q1 06:53 | Mistral AI coming to US 07:30 | Stripe’s new UK products 08:48 | Databricks’ $1.6b revenue 09:45 | Revolut and Africa 11:01 | Epic Games following YouTube playbook 12:53 | xAI’s $24b valuation, 8th largest pre-IPO stock 13:52 | CoreWeave 1H 2025 IPO 15...
May 31, 2024•20 min•Ep. 124
Send us a text 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 secondary market valuation, - 35% from Jul 2021 round - 9.8x revenue multiple at $21.6b secondary valuation - 15x revenue multiple at target $33b valuation - +53% return for secondary investors if $33b valuation plays out 02:06 | CoreWe...
May 24, 2024•12 min•Ep. 123
Send us a text 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 with AI is a game-changer - What will the world look like in 5 years after multi-modal AI? - $97b secondary market valuation, +13% vs last round (Apr 2024) 15:52 | $20b IPO for Klarna!, is it an AI play? - $20b IPO could come as early as ...
May 21, 2024•41 min•Ep. 122
Send us a text 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, speech, and video - Refreshed ChatGPT UI and a macOS desktop app - Verbal conversation improvement was the big surprise, in my opinion - Watch live demos here = https://x.com/OpenAI - $97b secondary market valuation, +13% vs last round (Apr 2024) 01:53 | Reddit + OpenAI data deal - OpenAI to lic...
May 17, 2024•13 min•Ep. 121
Send us a text 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 secondary market valuation, -36% from last round ($33b) in Jul 2021 - 10.5x revenue multiple ... low for a profitable company adding 1m new customers a month? WIZ - https://www.wiz.io/ - NYC cloud security firm - $12b post-money after $1b...
May 14, 2024•29 min•Ep. 120
Send us a text 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 B 01:49 | Chime fined by CFPB - online checking and savings accounts - fined $3.25m for failing to refund customer funds on a timely basis - growing pains, nothing to see here - $5.1b secondary market valuation; -80% from Sep 2021 round 03...
May 09, 2024•12 min•Ep. 119
Send us a text
May 08, 2024•24 min•Ep. 118
Send us a text 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 become everything app like WeChat in China - $12.5b current valuation (Fidelity), -71% from Musk’s Oct 2022 $44b purchase price 02:42 | OpenAI cuts data deal with Financial Times - OpenAI to use FT data to train models, users to access FT summ...
May 03, 2024•9 min•Ep. 117
Send us a text 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, -81% from last primary round in Mar 2022 - Shein has $45b-$55b secondary market valuation, May 2023 primary round at $66b 01:29 | X/Twitter to launch TV app - X TV App on all smart TV platforms - X seeks to directly compete against YouTube ...
Apr 26, 2024•11 min•Ep. 116
Send us a text
Apr 24, 2024•25 min•Ep. 115
Send us a text 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 - $13.4b valuation is +25% from current secondary market valuation of $10.7b 01:31 | Ramp raises at $7.6b - Spend management company - $150m raises at $7.6b post-money valuation - 4x revenue increase vs 2022 - Surpassed $300m annualized rev...
Apr 19, 2024•12 min•Ep. 114
Send us a text
Apr 17, 2024•42 min•Ep. 113
Send us a text 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 valuation - Meta, about same revenue, at $1.32 trillion market cap 01:09 | OpenAI extends $86b tender - Extending $86b tender to former employees - $150/share price - Revenue: $2.0b in Dec 2023 annualized, $5.0b in Dec 2024 forecast - $103b...
Apr 15, 2024•7 min•Ep. 112
Send us a text
Apr 09, 2024•28 min•Ep. 111
Send us a text 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 year 01:29 | OpenAI 600,000 business users - Custom model program is driving growth in business users - 600,000 business users, +300% increase from Jan 2024 (just 3 months ago) - OpenAI raised a round at $100b valuation in Jan 2024 02:37 | SpaceX Starship test #...
Apr 05, 2024•14 min•Ep. 110
Send us a text
Apr 02, 2024•26 min•Ep. 109
Send us a text 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 valuation 01:29 | Amazon $4b total into Anthropic - Amazon puts in $2.75b for a $4.0b into Anthropic - Amazon largest investment in external company in 30 yr history - Anthropic to spend $4b at AWS and $3b at Google Cloud (also an investor) -...
Mar 29, 2024•12 min•Ep. 108
Send us a text
Mar 27, 2024•28 min•Ep. 107
Send us a text
Mar 19, 2024•17 min•Ep. 105
Send us a text 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 revenue multiple is a steal 02:19 | Telegram’s $30b valuation! - 900m monthly active users, +80% vs 2021; on track for 1b users by Dec 2024 - "hundreds of millions of dollars" from advertising and subscriptions revenue - $30b valuation from in...
Mar 15, 2024•10 min•Ep. 104
Send us a text
Mar 15, 2024•29 min•Ep. 103
Send us a text 00:10 | IPOs return in 2024?; Joshua Brown, Michael Batnick, CFA, + The Compound - Nasdaq has to be performing well for IPOs to come and perform well - the IPOs that are coming, e.g. Reddit, Inc., need to do well post-IPO if we want to see the flood gates open Subscribe to Josh & Michael's The Compound…. - YouTube = https://lnkd.in/e3tnDAXc - Podcast = https://lnkd.in/gN4eiaaE 02:54 | $1.5 trillion Starlink valuation - Starlink has satellite internet monopoly - 2.6 billion peo...
Mar 15, 2024•15 min•Ep. 102
Send us a text
Mar 15, 2024•36 min•Ep. 101
Send us a text 00:11 | Stripe’s $65b valuation - Online payment infrastructure company - $1b buyback/tender at a $65b valuation; Sequoia and Goldman participated alongside Stripe itself - Stripe has $59.8b implied secondary market valuation prior to this announcement; $65b valuation is +8.7% increase - Second private company buyback in last few months; ByteDance $5b buyback from employees in Dec 2023 at $268b valuation 02:00 | Klarna’s $20b IPO?! - IPO rumored for 2025 at $20b - Klarna has $8.3b...
Mar 01, 2024•10 min•Ep. 100
Send us a text
Mar 01, 2024•41 min•Ep. 99
Send us a text 00:09 | Human controls computer with brain via Neuralink - A robot surgically implanted the Nueralink chip into the human’s brain - Human can control a computer mouse with just their brain - $4.2b implied secondary market valuation, +21.2% from last primary round in Nov 2023 01:17 | Reddit sells data to AI shop for $60m/yr - Filed S-1 for Mar 2024 IPO - Licensing data for AI training is a new revenue stream - $804m revenue, $91m net loss in 2023 - 75,000 most active Reddit users a...
Feb 23, 2024•8 min•Ep. 98
Send us a text
Feb 20, 2024•48 min•Ep. 97
Send us a text 00:10 | OpenAI hits $2b in run rate revenue - $0 to $2b revenue in only 1 year - Google 5 yrs to reach $1b in revenue, Meta 6 years - 92% of Fortune 500 use OpenAI - 100m weekly users - 18,000 OpenAI customers through Microsoft Azure - OpenAI currently raising a primary round at $100b valuation 01:16 | OpenAI launches Google Search competitor - Search partnership with Microsoft Bing - Goal is faster response times - Perplexity AI also competing in AI search; $100m raise at $520m v...
Feb 16, 2024•8 min•Ep. 96
