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) - $18.4b valuation 02:37 | $26b Canva buys Affinity - Acquisition to drive corporate division revenue - $2.1b in 2023 revenue, +50% yoy - 13x revenue multiple - Tender closed in Jan 2024, Canva +5.8% to $27.5b in secondary 04:10 | Scale AI $13 valuation - Accel targeting to lead next round - $13b is +103% above $6.4b secondary market valuation - $675m in 2023 revenue, +150% yoy - 19x revenue multiple 05:26 | xAI launches Grok-1.5 - rival to Google Gemini and OpenAI ChatGPT - Grok is available through X (formerly Twitter) - Rumored to raise $6b at a $20b valuation in Jan 2024, unconfirmed if that round closed 07:16 | Pre-IPO +0.88% for week, +12.59% for last 1yr - Week winners: Rippling +11.0%, OpenAI +4.7%, Airtable +3.6%, Anduril +2.4%, SpaceX +2.1% - Week losers: Neuralink -2.8%, Chainalysis -2.7%, Chime -2.0%, Canva -1.6%, ConsenSys -0.5% - Top valuations: ByteDance $278b, SpaceX $187b, OpenAI $94b, Stripe $67b, Databricks $50b 08:01 | +2.65% 2024 Pre-IPO Stock Vintage Index - Tempus looks to IPO, hires MStanley … in 2021 Vintage Index, 5.1% index weight, -26% since index inception - Week Winners: Rippling +11.0%, OpenAI +5.0%, Anduril +2.4% … all three in 2024 Vintage Index - Week Losers: Tanium -22.7%, Chime -2.0%, Revolut -0.1% … Tanium in 4 Vintage Indexes; 2017, 2019, 2020, 2021 … only 1-2% index weight so negative performance will have little impact on indexes’ performance - 2024 Vintage Index Update: +2.65% for week, +32.7% since inception, Epic Games and Rippling drive 68% of since inception return, Epic +178% since index inception