E125: Dislocation in the pre-IPO stock secondary markets vs primary markets, AI M&A activity ramping up, AI "sub" asset classes emerging, AI application/implementation layer paramount for AI ecosystem revenue

This Week in Pre-IPO Stocks

AG Dillon & Co and AG Dillon에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 AG Dillon & Co and AG Dillon 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

4M ago 41:16

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AI SHOPS SELLING
-Inflection AI sold to Microsoft and Stability AI, Humane looking to sell
-Inflection AI sold for $650m; investors get 10% to 50% return on investment
-Stability AI last published round in Oct 2022 at $1.0b; $5m Q1 2024 revenue, -$30m Q1 2024 net income, $100m in outstanding payables to cloud computing providers
-Humane looking for a $750m to $1b price tag
-Winners and losers are starting to shape up in the AI play?
-AI "asset classes" ; chips, cloud, data, models, application/implementation
PRIMARIES LOWER THAN SECONDARIES
-YES! Anduril targeting $12.5 valuation, secondaries at $13.2b
-YES! Groq targeting $3.0b valuation, secondaries at $4.4b (-32%)
-NO! Revolut targeting $33b valuation, secondaries at $21.6b
-NO! Scale AI closed $13.8b valuation, secondaries at $7.4b last week
-Super interesting price activity here in primaries vs secondaries