Podcast
This Week in Pre-IPO Stocks
Hosted by AG Dillon & Co · EN
This Week in Pre-IPO Stocks reports on pre-IPO stock research, trends, trading, and venture capital funds. Visit www.agdillon.com for more.
26episodes
Episodes
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E168: Ramp Nears $11B Valuation with 21% Secondary Market Premium; X shareholders get 25% of xAI; SoftBank Bids $1.5B for OpenAI Shares at $157B Valuation; Databricks Hits $55B Valuation in Largest 2024 Funding Round; Neuralink Tests Robotic Arm with $7.6
Nov 30, 202400:08:33Tap to summarizeSend us a text
Transcribe →E167: SpaceX hits $250B valuation amid Starlink expansion; xAI raises $5B, valuation doubles to $50B; Databricks targets $61B valuation with new tender offer; ByteDance hits $300B valuation amid employee buybacks; Anthropic secures $4B from Amazon, valued
Nov 22, 202400:11:10Tap to summarizeSend us a textNEW FUND ANNOUNCEMENT: The AG Dillon Anduril Pre-IPO Stock Fund is now accepting investors. Anduril Industries is a defense technology company that specializes in building advanced artificial intelligence (AI) and autonomous systems for military and national security purposes. Financial advisors only. Email aaron.dillon@agdillon.com to invest or request fund materials. Note important disclosures at the end of this post.Subscribe to AG Dillon Pre-IPO Stock Research at agdillon.com/subscribe;- Wednesday = secondary market valuations, revenue multiples, performance, index fact sheets- Saturdays = pre-IPO news and insights, webinar replays00:00 - Intro01:02 - SpaceX Hits $250B Valuation Amid Starlink Expansion01:51 - xAI Raises $5B, Valuation Doubles to $50B02:52 - Databricks Targets $61B Valuation with New Tender Offer04:01 - ByteDance Hits $300B Valuation Amid Employee Buybacks05:00 - Anthropic Secures $4B from Amazon, Valued at $40B06:33 - ServiceTitan Files for IPO with $614M Revenue07:46 - Stripe Conducts Buyback at $70B Valuation08:21 - 1Password Prepares for IPO at $6.8B Valuation09:07 - Pre-IPO Stock Market Weekly Performance10:00 - Pre-IPO Stock Vintage Index Weekly Performance* NOTE: AG Dillon ("AGD") is not affiliated with Anduril. Anduril may require company approval for purchases (aka transfers). AGD has not been pre-approved by Anduril to purchase their stock. AGD purchases pre-IPO stocks in the secondary market and may gain exposure by directly purchasing the stock (on the company's capitalization table) and/or through a third-party fund (aka special purpose vehicle, or SPV).
Transcribe →E166: Databricks tender delay IPO?; xAI raised $6b in weeks, why ever go public?; Bytedance parts with more than whole?
Nov 19, 202400:29:30Tap to summarizeSend us a text00:00 - Intro 00:25 - Databricks tender delay IPO?10:39 - xAI raised $6b in weeks, why ever go public?25:11 - Bytedance parts with more than whole?
Transcribe →E165: Klarna files for US IPO; Pony.ai targets Nasdaq IPO; CoreWeave $24B tender; Databricks $1B raise, $55B valuation; Synthesia raises at $2.1B valuation; OpenAI to launch "Operator" AI agent in January; Nvidia unveils Jetson Thor for humanoid robots by
Nov 15, 202400:10:04Tap to summarizeSend us a textNEW FUND ANNOUNCEMENT: The AG Dillon Anduril Pre-IPO Stock Fund is now accepting investors. Anduril Industries is a defense technology company that specializes in building advanced artificial intelligence (AI) and autonomous systems for military and national security purposes. Financial advisors only. Email aaron.dillon@agdillon.com to invest or request fund materials. Note important disclosures at the end of this post.Subscribe to AG Dillon Pre-IPO Stock Research at agdillon.com/subscribe;- Wednesday = secondary market valuations, revenue multiples, performance, index fact sheets- Saturdays = pre-IPO news and insights, webinar replays00:00 - Intro00:53 - Klarna Confidentially Files for US IPO01:41 - Pony.ai Targets $4.5B Valuation with Nasdaq IPO02:35 - CoreWeave Completes $650M Share Sale, Prepares for IPO03:25 - Databricks in Talks for $1B Investment, Valued at $55B04:26 - Synthesia Raises $150M, Doubling Valuation to $2.1B05:24 - OpenAI to Launch "Operator" AI Agent in January06:18 - Nvidia Unveils Jetson Thor for Humanoid Robots by 202507:17 - X Hires New CFO Amid $13B Debt Struggles08:13 - Pre-IPO Stock Market Weekly Performance08:59 - Pre-IPO Stock Vintage Index Weekly Performance* NOTE: AG Dillon ("AGD") is not affiliated with Anduril. Anduril may require company approval for purchases (aka transfers). AGD has not been pre-approved by Anduril to purchase their stock. AGD purchases pre-IPO stocks in the secondary market and may gain exposure by directly purchasing the stock (on the company's capitalization table) and/or through a third-party fund (aka special purpose vehicle, or SPV).
Transcribe →E164: Vuori's $5.5b valuation; Canada kills Tiktok offices?!?; Post-election pre-IPO stock outlook
Nov 13, 202400:39:15Tap to summarizeSend us a text00:00 - Intro01:11 - Vuori tender offer09:34 - Tiktok in Canada17:18 - Outlook for pre-IPO stocks post election & Fed cut
Transcribe →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
Jun 7, 2024Tap to summarizeSend us a textPre-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- Tabular to enhance Databricks AI capabilities- $1.6b in 2023 revenue, +50% vs 2022- $42b secondary market valuation00:57 | Shein to IPO- 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!02:25 | OpenAI wins Apple Siri deal- ChatGPT to power Siri- Deal to be announced at Apple developer event- Deal terms not disclosed- OpenAI +13.6% to $110b valuation on news, last round at $86b in early Q203:29 | Stripe partners on fraud solution- Online payments provider- Partnership with Capital One, Adyen to address fraud- $1b transactions approved that would have otherwise been declined- $77b secondary market valuation, +18.5% vs Feb 2024 round04:31 | SpaceX successful 4th Starship test- Space payload and satellite internet company- Booster “landed” in Gulf of Mexico, Starship “landed” in Indian Ocean- Starship has a more payload capacity and aims to be reuseable, lower launch costs- $188b secondary market valuation, +11% vs Dec 2023 round- $200b tender announced in late May05:51 | Cohere new round- AI large language model- $5b valuation, +127 vs Jun 2023 round- $35m ARR in Mar 2023, +169% vs prior year- Strategic partnership with Oracle06:52 | Discord increases developer payouts- Gaming social media platform- Halving platform fees from 30% to 15% for first $1m in cumulative gross sales- One-time purchases now available- $7.1b secondary market valuation, -58% vs last round (ApeVue)07:51 | FTC after Microsoft, Inflection AI deal- Inflection AI is a large language model business- Founder also co-founded Google’s DeepMind AI solution- Microsoft “bought” Inflection AI in a $650m deal; hired all employees, struck licensing deal with Inflection- FTC is basically taking M&A off the table for venture company ecosystem09:15 | Carta new round- Cap table management tech/services- $2b tender offer run by Jeffries- Down from $7.4b 2021 valuation- 2023 = $380m revenue, -$65m net income10:09 | Pre-IPO +3.37% for week, +51.52% for last 1yr- Up week: Scale +20.3%, Neuralink +16.5%, OpenAI +13.6%, Anthropic +10.4%, Canva +6.8%- Down week: Stripe -3.5%, Groq -2.7%, Airtable -0.5%, Databricks -0.4%, Brex -0.4%- Top valuations: ByteDance $298b, SpaceX $188b, OpenAI $110b, Stripe $77b, Databricks $42b10:52 | 2024 Pre-IPO Stock Vintage Index week performance- www.agdillon.com/index for fact sheet pdf- 2024 Vintage Index top contributors since inception: Epic Games +173%, Rippling +104%, Revolut +49%, Klarna +43%, Anduril +27%- Key metric averages for all Vintage Indexes 5 years old or older…3.31 distributed paid in capital2.04 residual value to paid in capital5.35 total value to paid in capital4.1 years to return the fund
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