This Week in Pre-IPO Stocks

Send us a text00:00 - Intro00:46 - Musk's political bets pay off08:21 - Future of personal devices (Neuralink, OpenAI/Ive, Meta/Google glasses)22:42 - AI Apps the next huge investment opportunity?

Send us a text00:00 - Intro00:29 - OpenAI & Microsoft closer to deal10:58 - Wonder is no bueno?22:02 - Function Health, wearables + pre-IPO health stocks

Send us a text00:00 - Intro00:07 - SpaceX Cleared for 25 Starship Launches at Starbase00:58 - Wonder Raises $600M at $7B+ Valuation01:46 - Function Health Seeks $2B Valuation After Ezra Deal02:38 - OpenAI Seeks to Restructure Microsoft Deal03:51 - OpenAI Appoints Instacart CEO to Lead Applications Division05:26 - Stargate Plans $500B Global AI Data Center Expansion06:35 - Whoop Launches 5.0 and Medical Grade Devices07:50 - Klarna Gains from Regulatory Rollback

Send us a text00:00 - Intro00:21 - Nick in Omaha for Warren Buffett13:14 - eToro IPO is happening!19:09 - Epic wins vs Apple, Fortnite back on iOS28:52 - Starlink winning in Africa, Congo approval

Send us a text00:00 - Intro00:07 - Neuralink Raises $500M at $9B Valuation01:01 - Discord Appoints New CEO Amid IPO Speculation01:52 - Last of X debt sold by MStanley03:01 - Glean Raises at $7B Valuation as ARR Tops $100M03:43 - Anthropic Adds Claude Features, Projects $34.5B Revenue by 202704:37 - Epic Games Wins Against Apple, Returns to iOS App Store05:37 - Stripe Enables iOS Developers to Bypass Apple's 30% Fee

Send us a text00:00 - Intro00:21 - Revolut is killing it!15:16 - Shein + tariff impact24:21 - Autonomous driving regulation

Send us a text00:00 - Intro00:24 - Buyer of Rippling at $16b?08:00 - Figma IPO at $21b?21:29 - Humanoid robots run marathon

Send us a text00:00 - Intro00:39 - Safe Superintelligence, Thinking Machines15:44 - Tariff opportunities

Send us a textSubscribe 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 insights00:00 - Intro00:08 - Thinking Machines Targets $10B Valuation with $2B Seed Round  01:12 - ByteDance Revenue Hits $155B; Valuation Diverges  02:15 - Anysphere Revenue Quadruples; Eyes $10B Valuation  03:01 - Nuro Raises $106M at $6B Valuation  03:51 - Base Power Raises $200M to Scale Affordable Home Batteries  05:06 - Anthropic Launches Claude Max, Valued at $61.5B  06:15 - Ripple Acquires Hidden Road for $1.25B  07:13 - Canva Adds GenAI Tools; Valued at $37.9B  08:19 - Electricity Demand for AI Surges Globally  10:31 - OpenAI Rolls Out ChatGPT Memory Feature  11:30 - Google Joins Anthropic's Model Context Protocol  12:43 - Safe Superintelligence Taps Google Cloud for Compute  

Send us a text00:21 - Navigating pre-IPO stock opportunity in a shifting market17:00 - Protectionism's impact on pre-IPO stocks34:00 - Embracing efficiency: AI, automation, and the future of work

Send us a text00:00 - Intro00:22 - CoreWeave IPO disappointing13:53 - Model Context Protocol great for AI agents27:15 - AI App Cursor $9.6b valuation42:13 - Respect to Musk taking care of his X shareholders with xAI deal

Send us a textSubscribe 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 - Intro00:07 - CoreWeave Prices IPO at $19B Valuation  01:18 - eToro Files for US IPO as Commissions Surge  02:07 - Crusoe Secures $225M to Expand AI Data Centers  03:15 - OpenAI Targets $29.4B in 2026 Revenue05:43 - Databricks and Anthropic Strike Enterprise AI Deal  06:39 - Flexport Misses Profit Target, Remains at $8B Valuation  07:43 - Starlink Signs Distribution Deals in India  

Send us a text00:00 - Intro00:22 - Exits are back! Wiz, CoreWeave, Klarna11:34 - X raise at $44b! back to "par"33:11 - Perplexity, an AI app, at $18b

Send us a textSubscribe 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 - Intro00:08 - Wiz Acquired by Google for $32B in All-Cash Deal  01:17 - CoreWeave IPO at $30B, Down From $35B 02:53 - X Raises Nearly $1B, Back to Musk Purchase Price 03:53 - Perplexity in Talks to Raise at $18B Valuation  04:37 - xAI Joins $100B AI Infrastructure Partnership  05:30 - Kraken Acquires NinjaTrader for $1.5B  06:18 - Klarna Partners with DoorDash for BNPL in the US  07:20 - Ualá Closes Series E Round at $2.75B Valuation  08:13 - OpenAI to House 400K Nvidia Chips for Stargate Project  

Send us a text00:25 - Klarna's IPO is Big For VentureThe team kicks off the episode with a deep dive into Klarna's upcoming IPO, highlighting its strong financials and competitive position. Klarna reported $2.8 billion in 2024 revenue, up 23% from the previous year, with net income reaching $232 million — a 108% increase. The company also processed $105 billion in gross merchandise volume, reflecting a 98% jump. Klarna now boasts 93 million active customers and 675,000 merchants, with a major win coming from Walmart's decision to switch from Affirm to Klarna for its payment services. Klarna's current secondary market valuation sits at $10.5 billion, up 57% from its July 2022 round — a promising setup for the IPO. Klarna and Affirm are direct competitors, while Affirm has higher gross margins, it remains unprofitable. Klarna has maintained profitability and stronger credit loss management. Klarna's valuation at IPO, rumored to be around $15 billion, appears reasonable given its financial strength and market position. The company's long-term presence in the fintech space and the strategic advantage of its cost-conscious approach, which has allowed it to outperform competitors like Affirm.11:49 - Are You Ready to Give All Your Personal Data to Get A Proper AI Assistant?The episode wraps up with a compelling conversation about AI's growing influence on business and investing. The panelists share how they regularly use tools like ChatGPT Pro, Grok, and Claude for research, writing, and coding — saving time and improving efficiency. AI is helping with market analysis, investment strategy development, and even Python coding for data analysis. The group agrees that AI is poised to disrupt white-collar industries and could significantly change how financial and operational decisions are made.

Send us a textSubscribe 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 - Intro00:08 - Klarna Plans NYSE IPO at $15B Valuation  01:27 - Applied Intuition in Talks for $15B Valuation 02:36 - Anysphere Eyes $10B Valuation After Rapid ARR Growth  03:11 - Gemini Confidentially Files for IPO  03:55 - CoreWeave Signs $11.9B AI Infrastructure Deal With OpenAI  05:04 - Moveworks Acquired by ServiceNow for $2.85B  05:57 - Chainguard in Talks for $3.5B Valuation  06:31 - OpenAI and Oracle Launch $100B Stargate AI Infrastructure  08:02 - xAI Expands Memphis Data Center to 350K GPUs  08:43 - Anthropic Revenue +40% to $1.4B ARR  09:49 - Binance Secures $2B Investment From MGX  10:46 - TikTok US Deal with Oracle has High Potential

Send us a text00:27 - Are AI Apps now investable?AI applications like Harvey ($3B valuation), Cursor ($10B), and Perplexity ($9B) may form a sub-asset class. They act as service providers, cutting operational costs (e.g., reducing law firm expenses by 30-50%), but face risks from AI platforms like OpenAI encroaching unless they secure proprietary data or niche use cases.11:30 - Pre-IPO stocks that will never IPO?!Companies increasingly avoid IPOs, leveraging private markets for higher valuations and liquidity without public burdens like quarterly earnings. This trend, seen with figures like the Colson brothers, boosts secondary market opportunities.31:13 - Are AI Platform valuations justifiable?AI platforms like OpenAI, with rumored $2K-$20K/month PhD-level agents, hold stronger moats via data and infrastructure. Apps built on top struggle to justify valuations (e.g., $10B for Cursor), though strategic investments (e.g., OpenAI Ventures backing Harvey) may offer protection.New AI ventures like Safe Superintelligence ($30B) and Thinking Machines Lab ($9B), founded by ex-OpenAI billionaires, ride a valuation surge dubbed “greater fool theory.” High employee compensation (e.g., millions in 1-2 years) might misalign incentives, potentially slowing innovation.

Send us a text01:19 - CoreWeave Prepares for $35B IPO After 737% Revenue Growth  04:00 - Stripe Hits $91.5B Valuation in Tender Offer  05:12 - OpenAI Raises $40B at $300B Valuation, Partners with SoftBank  07:59 - X Seeks $44B Valuation for New Fundraising Round  09:01 - Thinking Machines Eyes $9B Valuation With $1B Raise  09:34 - MrBeast Targets $5B Valuation for Media Business  10:19 - Shein Plans London IPO at $50B Valuation Despite Profit Drop  11:05 - SpaceX's Starlink Becomes Nigeria's No. 2 ISP  14:23 - Unitree Robotics Gains Traction in Global Markets  16:12 - ByteDance Valued at $400B After Internal Buyback  18:37 - Ramp Hits $13B Valuation After Secondary Sale  19:40 - Safe Superintelligence Hits $30B Valuation With $2B Raise  20:50 - Plaid Plans $6B Secondary Share Sale  21:31 - Scale AI Secures Major US Military Contract  22:47 - Epirus Raises $250M to Scale Counter-Drone Tech  23:54 - Klarna Plans $15B IPO on NYSE in April  24:56 - Discord Plans 2025 IPO, Valued at $5.6B  THANK YOU TO OUR RIA/IBD PARTNERS*: AG Dillon closed 6 pre-IPO stocks funds on Mar 7, 2025. We're making investments into Anduril, OpenAI, xAI, Groq, Figure AI, and a space economy company in this recently closed offering and raised a record $30 million with 33 RIAs/IBDs participating. A great result and a special thank you to our RIA/IBD partners. AG Dillon assets under management now stand at $93 million in just under two years since closing our first fund. If you're a financial advisor and would like to use our single stock funds to build bespoke pre-IPO stock portfolios please drop us an email. You select pre-IPO stock company exposures and weight allocation to each pre-IPO stock to express your unique investment thesis. Our funds are available for purchase at Charles Schwab, Fidelity, and directly at AG Dillon Funds. $2,500 minimum investment. Email aaron.dillon@agdillon.com to invest.* NOTE: AG Dillon ("AGD") is not affiliated with any pre-IPO company. Some pre-IPO companies may require company approval for purchases (aka transfers). AGD has not been pre-approved by any pre-IPO company 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).

Send us a text00:24 - The Capital Game! xAI Raising $10B at $75B Valuation, Maybe Higher? OpenAI raising $40b at $300b post … DILUTION!13:10 - Figure AI Raises $1.5B at $39.5B Valuation  17:21 - Anduril Doubles Valuation to $28B with $2.5B Raise 

Send us a text00:00 - Intro00:53 - xAI Raising $10B at $75B Valuation, Maybe Higher?02:21 - Figure AI Raises $1.5B at $39.5B Valuation  03:13 - Anduril Doubles Valuation to $28B with $2.5B Raise  04:01 - Groq Secures $1.5B Contract from Saudi Aramco  04:35 - Klarna Plans April IPO at $15B Valuation  05:23 - Safe Superintelligence Seeks $20B Valuation  05:59 - Stripe Considers Share Sale at $85B Valuation  06:39 - Eudia Secures $105M for Legal AI Expansion  07:19 - Plaid Plans $300M-$400M Share Sale  08:09 - Harvey Raises $300M at $3B Valuation  08:59 - Mercury Eyes $3B Valuation in New Round  09:39 - Databricks Partners with SAP, Valued at $63.6B  10:35 - Canva Expands Daily Plans, Valued at $33.9B  11:19 - OpenAI Prepares GPT-4.5 Launch, Valued at $300B  

Send us a text00:00 - Intro00:23 - Klarna April IPO at $15b06:33 - Anduril raise at $28b14:43 - Groq crushing it w/ $1.5b Saudi deal

Send us a textFUNDS CLOSING MAR 7*: AG Dillon is closing six (6) pre-IPO stocks funds on Mar 7, 2025. Anduril, OpenAI, xAI, Groq, Figure AI, and a space economy company. Use these single stock funds to build bespoke pre-IPO stock portfolios. You select pre-IPO stock company exposures and weight allocation to each pre-IPO stock to express your unique investment thesis. Available for purchase at Charles Schwab, Fidelity, and directly at AG Dillon Funds. $2,500 minimum investment. Financial advisors only. Email aaron.dillon@agdillon.com to invest.00:00 - Intro00:55 - Deel Valued at $12.6B After $300M Secondary Sale  01:51 - Winklevoss's Gemini Crypto Exchange Eyes IPO  02:31 - Neuralink Expands Human Trials, Valued at $8.7B  03:49 - OpenAI Secures $40B Investment at $300B Valuation  05:03 - Thinking Machines Lab Seeks $100M, Recruits OpenAI Veterans  06:03 - Stripe Acquires Bridge for $1.1B, Strengthening Stablecoin Play  07:22 - Figure AI Drops OpenAI Partnership, Pursues Proprietary Models  08:29 - Groq To Deliver 2M AI Chips In 2025, Challenging Nvidia  * AG Dillon ("AGD") is not affiliated with any pre-IPO company. Some pre-IPO companies may require company approval for purchases (aka transfers). AGD has not been pre-approved by any pre-IPO company 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).

Send us a text

Send us a text00:00 - Intro00:31 - OpenAI in Talks for $40B Raise at $300B Valuation  01:27 - Skild AI Nears $4B Valuation with $500M SoftBank Investment  02:10 - ElevenLabs Raises $180M, Triples Valuation to $3.3B  02:59 - X's Cash Reserves Drop 71% as Bankers Offload $3B in Debt  03:53 - Quince Raises $120M as Revenue Nears $1B  04:34 - Kraken Relaunches Staking in the US After SEC Settlement  05:39 - SpaceX Expands Starlink to iPhones with Apple and T-Mobile  06:40 - Figure AI Lands Major Customer, Aims to Ship 100K Robots  

Send us a text00:00 - Intro00:27 - DeepSeek shakes up AI stocks17:27 - Crypto pre-IPO stocks are back with Trump?35:11 - Huge $s going into data centers in 2025

Send us a textSubscribe 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 - Intro00:31 - OpenAI Launches "Operator" for ChatGPT Pro01:36 - Together AI Hits $3B Valuation with $200M Raise02:13 - ElevenLabs Triples Valuation to $3.3B in Series C03:03 - Phantom Doubles Valuation to $3B in Series C03:48 - Databricks Secures $10B Round, Hits $64.9B Valuation04:45 - Anthropic Targets $60B Valuation with $2B Raise05:56 - Mistral Plans $6B IPO Amid Global Expansion06:38 - Stargate: $500B AI Infrastructure Initiative

Send 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.00:00 - Intro00:31 - Anduril Plans $100M Tender at $14B Valuation01:33 - Rokt Valued at $3.5B After Secondary Share Sale02:25 - Harvey Doubles Valuation to $3B with $300M Round03:18 - Shield AI Partners with Palantir, Targets $5B Valuation04:15 - OpenAI Partners with Axios for Local Journalism Expansion05:31 - Revolut's Founder Sells $400M Stake, Valued at $41B06:34 - Blue Origin Enters Commercial Launch Market07:41 - eToro Prepares for US IPO at $5B ValuationSubscribe 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 replays* 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).

Send us a text00:00 - Intro00:16 - TikTok US shutting down at $50b valuation?!08:33 - xAI launches Grok iOS app18:00 - Anthropic raise at $60b

Send 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 - Intro00:07 - Anthropic Targets $60B Valuation with $2B Raise01:33 - Whatnot Hits $4.97B Valuation with $265M Raise02:31 - xAI Reaches $83B Valuation, Launches iOS App for Grok03:55 - SandboxAQ Raises $300M at $5.6B Valuation05:03 - Wiz Prepares for IPO, Valued at $20.5B06:10 - Cohere Launches North, Valued at $5.4B07:38 - Epirus in Talks for $1B Valuation Amid Defense Focus08:38 - Hippocratic AI Raises $141M, Valued at $1.64B09:27 - Pre-IPO Stock Market Weekly Performance10:18 - 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).

Send us a text00:00 - Intro00:26 - OpenAI to hit AGI in 2025, per Altman. What is the revenue implications of AGI and how much incremental is that vs agents?17:32 - Anduril, Palantir, SpaceX, + others are going to run circles are incumbent defense primes25:47 - Valtr and AI Infrastructure businesses are very interesting; [1] compute demand is off the charts, [2] Nvidia and AMD are allocating chips and investing in to the companies, and [3] important to look at the balance sheet to ensure debt does not get too heavy (e.g. maintain positive cash flow)

Send us a text00:00 - Intro00:07 - Perplexity AI Reaches $9B Valuation with Rapid Growth01:20 - Databricks Hits $62B Valuation After $10B Funding Round02:33 - Chime Prepares for 2025 IPO with $8.6B Valuation03:50 - Oura Valued at $5.2B After $200M Series D04:56 - Vultr Raises $333M at $3.5B Valuation in First Round06:07 - OpenAI Transitions to Public Benefit Corporation07:19 - xAI Reaches $69B Valuation After $12B Total Funding08:22 - Anduril Forms Consortium to Disrupt $850B Defense Market09:36 - Pre-IPO Stock Market Weekly Performance10:16 - Pre-IPO Stock Vintage Index Weekly Performance

Send us a text00:00 - Intro01:06 - What investment themes popped in 2024?04:07 - What new developments happened in the pre-IPO stock market in 2024?11:23 - Which pre-IPO stock company was the big winner, big loser in 2024?17:14 - What emerging investment themes to look for in 2025?35:11 - What pre-IPO stock market developments do you expect in 2025?42:54 - Which pre-IPO stock company will be the big winner, big loser in 2025?

Send us a text00:00 - Intro00:08 - ServiceTitan Surges to $8.9B After Strong Nasdaq IPO01:12 - Snyk Hits $9.4B Valuation with $300M ARR02:10 - OpenAI Rolls Out Real-Time Video Analysis for ChatGPT02:56 - Fleet Space Doubles Valuation to $525M03:37 - Runway Projects $265M Revenue in 202404:12 - Crusoe Raises $600M, Valued at $2.8B04:55 - Google and Samsung Enter XR Market with Mixed-Reality Headset06:31 - Pre-IPO Stock Market Weekly Performance07:16 - Pre-IPO Stock Vintage Index Weekly PerformanceNEW 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 replays* 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).

Send us a text00:00 - Intro 00:15 - eToro 2025 IPO11:19 - CoreWeave 2025 IPO at $35b!?20:04 - TikTok US a $150b company?

Send us a text00:00 - Intro00:06 - TikTok Faces US Ban Order, ByteDance Valued at $300B02:09 - SpaceX Hits $350B Valuation, Surpasses Private Market Records03:09 - Anduril Partners with OpenAI for AI-Powered Defense Tech04:17 - OpenAI Launches ChatGPT Pro at $200/Month05:12 - Databricks Finalizes $61B Valuation in Latest Round05:31 - CoreWeave Prepares for IPO at $35B Valuation06:15 - eToro Explores US IPO at $8.7B Valuation07:14 - Fidelity Increases Valuation of X by 32%08:02 - Revolut Strengthens Board for UK Banking License Bid09:00 - Pre-IPO Stock Market Weekly Performance09:44 - Pre-IPO Stock Vintage Index Weekly PerformanceSubscribe 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 replaysNEW 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.* 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).

Send us a text00:00 - Intro 00:19 - Anthropic $4b raise from Amazon06:57 - Too early to invest in AI Apps?20:41 - Data and Reasoning saviors of potential AI scaling issues?

Send us a text

Send 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).

Send 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?

Send 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).

Send us a text00:00 - Intro01:11 - Vuori tender offer09:34 - Tiktok in Canada17:18 - Outlook for pre-IPO stocks post election & Fed cut

Send us a text00:00 - Intro00:57 - Perplexity AI Nears $9B Valuation with $500M Funding Round01:57 - Vuori Plans $825M Secondary Share Sale at $5.5B Valuation02:39 - CoreWeave Hires Bankers for 2025 IPO03:36 - Anthropic Partners with Palantir, Expands in Defense Sector05:00 - Mistral Launches AI Moderation API, Valued at $6B06:05 - ByteDance Faces Canadian Order to Shut Down TikTok Offices07:25 - SpaceX Targets Sixth Starship Flight for November 1808:38 - Pre-IPO Stock Market Weekly Performance09:22 - Pre-IPO Stock Vintage Index Weekly PerformanceNEW 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 replays* 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).

Send us a text

Send us a textSubscribe 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 - Intro00:57 - xAI Aims for $40B Valuation with New Fundraising Round02:15 - Canva Hits $32B After Secondary Market Sales03:15 - OpenAI Challenges Google with "ChatGPT Search" Feature04:25 - Databricks and Mastercard Launch AI Assistant for Onboarding05:21 - Anthropic Expands Claude to Desktop Apps06:15 - Klar Plans IPO Following 2025 Run Rate Goal06:54 - Insider Raises $500M, Expands AI-Driven Marketing Tech07:39 - Waymo Valued at $45B in Recent $5.6B Round08:29 - Pre-IPO Stock Market Weekly Performance09:13 - Pre-IPO Stock Vintage Index Weekly Performance

Send us a text

Send 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 - Intro01:01 - Starlink's Explosive Growth in Africa02:10 - Anthropic Launches AI Tool "Computer Use" for Developers03:46 - Klarna Prepares for IPO, Removes Board Member04:44 - Anduril Boosted by US AI Defense Directive05:55 - Infinitus Raises $51.5M, Now Valued Over $600M07:00 - Agility Robotics Raises $150M, Valued at $1B07:52 - Notion Introduces Integrated Email Client, Notion Mail09:12 - Pre-IPO Stock Market Weekly Performance09:55 - 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).

Send us a textSubscribe 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 - Intro00:20 - Perplexity +1631% YTD 202408:32 - Hugging Face investment case16:44 - Shein to be in developed market indices?

Send 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 replays00:58 | SpaceX Achieves Milestones with Starship Test- Caught Super Heavy booster mid-air; landed the rocket in the ocean- Starship needs 10 refueling flights for moon missions; demo projected by 2025- Aims for multiple daily Starship flights to reduce costs, boost Starlink deployment- Payload capacity 5x that of Falcon 9; increases incremental revenue- Secondary market valuation: $226B (+7.4% vs Jul 2024)01:55 | Science Corp Targets Brain-Computer Interface Market- Founded by Neuralink co-founder Max Hodak- Affordable tech: Axon probes ($500), SciFi units ($1,000) – 10% of traditional costs- Nexus software manages terabytes of data for brain research- Running clinical trials for ocular implants; plans for human applications- Raised $186M; no public valuation announced03:09 | Stripe Eyes Acquisition of Bridge Amid Stablecoin Focus- Acquiring fintech Bridge to enter $170B stablecoin market- Bridge has raised $58M, including $40M Series A led by Sequoia- Follows Stripe's USDC crypto payments resumption after six years- Secondary market valuation: $83B (+18% vs Jul 2024)04:05 | Databricks Partners with Amazon for AI Chip Cost Reduction- Five-year deal to use Amazon Trainium AI chips, reducing costs by 40%- Expanded collaboration on AWS, generating $1B+ in revenue- Aims to save companies up to $950,000 monthly on AI model development- Secondary market valuation: $43.8B (+1% vs Nov 2023)05:16 | Klarna Integrates with Apple Pay for Flexible Payments- Integration in the US and UK; expansion to Canada planned- Offers installment payments for $35-$2,000 purchases with 0% APR financing options- "Apple from Klarna" storefront launched for U.S. customers- Secondary market valuation: $10.3B (+54% vs Jul 2022)06:17 | Shein Adds Bankers to London IPO07:11 | Hugging Face Expands as AI Developer Platform Grows- 5M AI developer community- 1M public and 1M private models- 300,000 public apps and numerous private spaces for enterprise use- 200,000 data sets for model customization- Decentralized team, largest office in Paris; freemium model for enterprise users- Secondary market valuation: $4.5B (+1% vs Aug 2023)08:20 | OpenAI Tests ChatGPT Windows App with Enhanced Features09:15 | X Updates Privacy Policy to Monetize User Data10:28 | Pre-IPO Stock Market Weekly Performance- agdillon.com/subscribe to receive weekly pdf report in your inbox11:13 | Pre-IPO Stock Vintage Index Weekly Performance- agdillon.com/subscribe to receive weekly pdf report in your inbox* 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).

Send us a text

Send us a text00:16 - Should pre-IPO stocks be part of a U.S. equity allocation06:00 - Importance of tech stocks and private companies in your portfolio12:00 - Difficulties in gaining access to long-private companies18:00 - Liquidity and growth trends in the pre-IPO secondary market24:00 - Alternative strategies for investing in private markets like defense30:00 - Understanding liquidity and fees in pre-IPO investments36:00 - Balancing public and private markets for diversification42:00 - Comparing pre-IPO stock performance with public indices48:00 - Exploring the risk-return profiles of pre-IPO companies54:00 - Predicting future developments in access to pre-IPO stocks

Send us a textSubscribe 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 replays00:07 | OpenAI Secures $6.6B Round, Expands Capabilities- Introduced real-time voice assistant capabilities through API for businesses- New API features and developer events announced to engage 3M+ developers- Workforce doubled to 1,700 employees from 770 in November 2023- Raised $6.6B funding round at $157B valuation (primary round)- Secured $4B revolving credit line with potential to expand to $10B in liquidity01:31 | Cerebras Files for IPO with 220% Revenue Growth- Specializes in AI hardware, particularly wafer-scale chips for AI training- Revenue of $136.4M in H1 2024 vs. $78.7M for full year 2023- Faces customer concentration risk with 87% of H1 2024 revenue from G42- Raised $715M in venture capital, valuation at $6.7B (secondary), up 124% since June 202403:11 | Anthropic Hires Former OpenAI Co-Founder, Valued at $25.2B- Added Durk Kingma, co-founder of OpenAI, to its growing talent pool- Continues attracting top talent from OpenAI and other tech giants- Positioned as a leader in responsible AI development under CEO Dario Amodei- Secondary market valuation: $25.2B (+40% vs Jan 2024), rumored to be raising at $40B04:09 | Flexport Restructures to Improve Profitability, Valuation Plummets- Logistics tech company plans to sublease warehouse space, integrate sales teams- Faced layoffs (20% in October, 15% in January) and loss of key customers like Crocs- Aiming for global expansion by 2027 with an asset-light model- Secondary market valuation: $1.95B (-75% vs Jan 2022 primary round)05:15 | Epic Games Files Antitrust Lawsuit Against Google and Samsung- Filed lawsuit over Samsung's "Auto Blocker" feature, alleging it blocks third-party app stores- Claims Google Play's dominance is reinforced by Samsung's preinstalled feature- Lawsuit follows mixed success in earlier legal battles against Google and Apple- Secondary market valuation: $16.6B (-26% vs Feb 2024 round)06:20 | CoreWeave Raises $421M, Valued at $23B- Cloud provider specializing in Nvidia GPUs for AI computing- Raised $421M in Series B, backed by Nvidia, Magnetar Capital, Blackstone- Secured $2.3B in debt financing in August 2024- Appointed former Google Cloud VP of finance as CFO, signaling potential IPO- Currently raising a primary round at a $23B valuation07:34 | Pre-IPO Stock Market Weekly Performance- agdillon.com/subscribe to receive weekly pdf report in your inbox- Pre-IPO +0.77% for week, +67.25% for last 1yr- Up week: Synk +17.1%, OpenAI +13.7%, Canva +6.9%, Rippling +5.9%, Notion +5.3%- Down week: xAI -5.3%, CoreWeave -2.2%, Cohere -1.7%, Epic Games -1.6%, Neuralink -0.6%- Top valuations: ByteDance $301b, SpaceX $229b, OpenAI $157b, Stripe $84b, Databricks $46b08:20 | Pre-IPO Stock Vintage Index Weekly Performance- agdillon.com/subscribe to receive weekly pdf report in your inbox- 2024 Vintage Index top contributors since inception: Revolut +201%, Rippling +113%, Anduril +76%, OpenAI +56%, Klarna +40% … the 2024 Vintage Index is up 63% since its inception, or year to date 2024- Key metric averages for all Vintage Indexes 5 years old or older…472% cumulative return since inception58% realized, distributed to investors5.72 TVPI; 3.31 DPI, 2.41 RVPI4.1 years to return the fund