E84: Revolut £1.5b 2023 revenue, $20b Adobe+Figma deal off, ByteDance $110b 2023 revenue, Anthropic raise at $18b valuation, Stripe revenue up 35%, Flexport plans 3x 2024 revenue | Pre-IPO Stock Market Update – Dec 22, 2023
Listen now
Description
00:09 | Revolut £1.5b 2023 revenue - £1.5b 2023 revenue, +76% vs £850m 2022 revenue - 300,000 new users weekly - 40 million total customers globally - $14.9b secondary market valuation, -55% from $33b primary round in Jul 2021 01:13 | $20b Adobe+Figma deal off - European/UK regulators suggested significant remedies that were rejected by Adobe - Adobe to pay Figma $1.0b breakup fee - Tbd on Figma’s currently valuation; Canva, a competitor, is at $25.3b down 37% from its last primary round in Sep 2021 - Figma’s last primary round was Jun 2021 at a $10b valuation 02:23 | ByteDance $110b 2023 revenue - $80b 2022 revenue - 2023 revenue is 30% increase vs 2022 - $25b in 2022 EBITDA; +79% vs prior year - currently closing a $5b share buyback at a $268b valuation 03:32 | Anthropic raise at $18b valuation  - Raising $750m - Menlo Ventures led - Google has committed $2.0b, Amazon committed $4.0b 04:22 | Stripe revenue up 35% - $1.0b in Q3 2023 revenue, +35% vs prior period - $150m in Q3 2023 operating income - Stripe has been ringing in expenses; reducing spending on engineers and salespersons and laying of 14% of staff - $50.7b current secondary market valuation 05:37 | Flexport plans 3x 2024 revenue - $330m in 2024 net revenue forecasted - 2024 forecast is 3x 2023 net revenue of $100m - $500m of operating expense reduction planned in 2024, 20% of staff let go in Oct 2023 - $2.1b implied secondary market valuation, -73% from last primary round in Mar 2022 06:47 | Big capital raises - SumUp (sumup.com) | $307m Series G, $8.6b valuation - Hikstor Technology (hikstor.com) | $168m Series B, $869m valuation - Tome Biosciences (tome.bio) | $118m Series B, $418m valuation - Parse Biosciences (parsebiosciences.com) | $50m Series C, $220m valuation - Synnovation Therapeutics (synnovationtx.com) | $70m Series A, $200m valuation 07:55 | Pre-IPO +0.01% for week - Week winners: SpaceX +6.26%, Neuralink +6.03%, Deel +5.34%, Anduril +3.38%, Klarna +2.17% - Week losers: Anthropic -8.88%, Discord -8.65%, Epic Games -8.08%, Notion -2.32%, Hugging Face -2.21% - Top valuations: ByteDance $195b, SpaceX $168b, OpenAI $71b, Stripe $51b, Databricks $48b lead in current valuation
More Episodes
Pre-IPO stock valuations = www.x.com/aarongdillon (see pinned post)Pre-IPO stock index fact sheet = www.agdillon.com/index00:06 | MStanley OpenAI solution yields 2,800 more financial advisors- “Debrief” acts as notetaker, summarizer, and 1st draft email composer for client meetings- Powered by...
Published 06/28/24
Published 06/28/24
00:16 - Photorealistic avatars- Full pod at www.youtube.com/@thisweekinpreipostocks- Tiktok avatars for advertising announced- HeyGen round at $500m (built on top of OpenAI/ElevenLabs, $24/month subscription fee, 40,000 customers, $35m ARR in 2023)- Dillon uses ElevenLabs to publish research...
Published 06/25/24