00:31 | Reddit IPOs in March - IPO coming in Mar 2024, S-1s coming end of Feb - Revenue growth from $400m in 2021 to $500m+ in 2023 - Only 10% of the company expected to float in the IPO - Reddit's last funding round was at a $10b valuation in Aug 2021 - Current secondary market valuation at $5.6b, 43% decrease 05:45 | Private stock markets mature in 2023 - Companies offering tenders; Databricks, Canva, SpaceX, Stripe, OpenAI, Anthropic - ByteDance doing a buyback! - Private companies are using VCs to raise capital vs investment bankers; buyers pay fees vs the companies paying bankers, VCs raise the capital vs the company’s CFO/investor relations team - More individual investor participation in the private stock market vs only pension/endowments/foundations 13:22 | $15b-$20b valuation for Musk’s xAI - xAI is Elon Musk’s large language model - raising $1.0b at $15b to $20b valuation, $500m already raised - X owns 25% of xAI - Oct 2023 X posts a $19b valuation which did not include a xAI stake at $15b-$20b - X could get back to the $44b that Musk paid for it simple through its xAI ownership stake 19:34 | Personal data has real value in the AI-age - Old model focused on data value for advertising, new model on data value for AI model training - Could universal basic income be tied to individual data contributions; does government drive that or corporations drive it - Individuals should own and profit from their data - Should data ownership be added to the US Constitution’s Bill of Rights 23:13 | Argentina President Javier Milei’s speech rocked World Economic Forum - Heygen AI translated speech from Spanish to English - Libertarian ideas resonate with current political, economic world dynamics - Desire for US politicians to deliver bold leadership similar to Milei - Milei Argentina media interviews are entertaining; veins popping, yelling, cursing, name calling