AG Dillon & Co

This Week in Pre-IPO Stocks

Business EN ↓ 252 episodes

This Week in Pre-IPO Stocks reports on pre-IPO stock research, trends, trading, and venture capital funds. Visit www.agdillon.com for more.

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AG Dillon & Co

Episodes

E130: Revolut $40b val, +75% from current 2ndary valuation; Cerebras AI chips IPO; no IPO for Stripe; $100b from SoftBank to AI companies; + X Payments, Starlink Mini, new Anthropic AI model, HeyGen $60m raise 21.06.2024 11:45

Send us Fan Mail Pre-IPO stock valuations = www.x.com/aarongdillon (see pinned post) Pre-IPO stock index fact sheet = www.agdillon.com/index Pre-IPO stock funds = www.agdillon.com/funds 00:06 | No IPOs for Stripe - Online payments company - Stripe co-founder, John Collison; Stripe will continue to do tenders in the future - Two tenders in the last two years, perhaps one tender a year? - Tender off...

E129: !!! Emerging Technology Week !!! Humanoid robots, How are you using AI?, Space mining 19.06.2024 45:53

Send us Fan Mail 00:00 - Introduction 00:32 - Tesla's Optimus Robot and market projection 07:00 - Pre-IPO AI/robotics companies 14:36 - Personal and business applications of AI 19:01 - AI in legal and compliance 32:00 - Personal applications of AI 36:01 - Space mining and the future of the space economy

E128: OpenAI $3.4b ARR, Mistral’s new $6.2b valuation, Databricks revenue +60% vs 2023, Brex revenue +35% in 2023, Investment case for electricity?! 14.06.2024 9:04

Send us Fan Mail Pre-IPO stock valuations = www.x.com/aarongdillon (see pinned post) Pre-IPO stock index fact sheet = www.agdillon.com/index 00:07 | Mistral’s new $6.2b valuation - French AI large language model company - Raised $645m at $6.2b valuation - General Catalyst led; Nvidia, Salesforce, IBM participated - Capital to be used to expand globally - Tech is compliant with new EU AI regulation...

E127: SHEIN to IPO at $64b, pre-IPOs future impact on public market indexes; OpenAI wins Apple Siri deal, +14% on news; Cohere $5b round, how many AI LLM platforms winners? 11.06.2024 33:52

Send us Fan Mail 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 low! - Secondary market activity for Shein is very low, high volatility … $80m in bids, $85m in offers (per ApeVue) - MSCI EAFE Index on...

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 07.06.2024 11:53

Send us Fan Mail 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...

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 04.06.2024 41:16

Send us Fan Mail 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 -Winner...

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 31.05.2024 19:59

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 24.05.2024 11:38

Send us Fan Mail 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...

E122: $625m for Reka AI founders/employees in <2yrs, $20b IPO for Klarna!, OpenAI GPT-4o’s multi-modal AI changed the game 21.05.2024 41:27

Send us Fan Mail 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 la...

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 17.05.2024 13:08

Send us Fan Mail 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 secon...

E120: Wiz $12b valuation is a buy; Wayve $1b raise but not data play; Revolut $2b in 2023 revenue, $350m in net income 14.05.2024 29:26

Send us Fan Mail 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...

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! 09.05.2024 12:27

Send us Fan Mail 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 bas...

E118: CoreWeave a buy at $19b, OpenAI data deals a biz moat?, X valuation multiple pop if it becomes the "everything app" 08.05.2024 23:52

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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 03.05.2024 9:19

Send us Fan Mail 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 | OpenA...

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) 26.04.2024 10:58

Send us Fan Mail 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/Twitte...

E115: Mistral AI up $3b in 4 months, Revolut $25.7b valuation by Schroders, Rippling/Ramp new rounds higher vs secondary valuations 24.04.2024 24:57

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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 19.04.2024 11:49

Send us Fan Mail 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 - $15...

E113: Stripe $694m tender, Klarna $40m annual expense savings using AI, No diversification without pre-IPO stocks 17.04.2024 42:17

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E112: OpenAI extends $86b tender, ByteDance/TikTok stock buyback!, Humane AI Pin officially launches, Revolut’s India regulatory approval 15.04.2024 6:56

Send us Fan Mail 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 em...

E111: Musk's xAI $18b valuation; $1b raise for AI "phones" from Ive/Altman; Klarna says BNPL better vs credit cards; Rubrik IPO prospects 09.04.2024 27:56

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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 05.04.2024 13:41

Send us Fan Mail 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 (ju...

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? 02.04.2024 26:09

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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 29.03.2024 11:40

Send us Fan Mail 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...

E107: Chime to IPO in 2025!, $16b CoreWeave valuation?!, Boom(planes) successful test flight 27.03.2024 27:37

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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? 19.03.2024 16:39

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