Access IPOs Podcast

Craig looks at the proposed Robinhood Venture Fund and compares it to the Destiny 100 - DXYZ, and Fundrise Venture and Ark Venture products. In IPO Radar news, the Deel Series E raises $300 million at a $17.3 billion valuation. Plus, prediction market startups Kalshi and Polymarket valuations explode.

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^Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own. Access IPOs content is for informational purposes only and does not recommend that investors buy or sell any companies mentioned. Perform personalized due diligence and only invest with money you can afford to lose.

(0:00) Intro

(0:30) Upcoming IPOs

(0:44) Navan IPO Date

(1:05) Beta Technologies IPO Date

(1:45) IPO Access

(3:05) Robinhood Venture Fund

(5:56) Retail Access to Startups

(8:14) DXYZ is Illogical

(11:38) For the AUM

(12:51) Invest in SpaceX

(13:44) Possible Positives

(15:56) Legit Venture Funds

(17:20) My Hope

(18:21) Adequate Disclosures

(18:59) Alternatives

(19:28) IPO Radar News

(20:27) Deel Series E

(21:31) Deel Drama 2025

(23:10) Deel IPO Potential

(24:32) Prediction Marketplaces

(24:47) Kalshi Funding Rounds

(25:52) Polymarket Funding Rounds

(27:09) Gambling vs. Investing

(28:49) Stay in Touch

Craig is seeing some signs of life in the IPO pipeline. The Navan IPO and Beta Technologies IPO may move forward by early in November. Companies must adhere to the new SEC shutdown guidance (the 20-Day Rule) provided on October 9th. It seems likely that any big names will IPO before 2026. In IPO Radar news, the Aptera Motors disappointed, OURA Health raises funds from Fidelity, the Snyk IPO may happen after all, Erebor nears becoming a bank.Join the Access Club: 7-Day FREE TRIALWeekly Newsletter Signup(free download - "The IPO Process One-Pager")Best Brokers for IPO AccessSEC Guidance(0:00) Intro

(0:29) IPO Signs of Life

(1:17) SEC Shutdown Guidance

(3:54) Upcoming IPOs

(4:45) Options

(7:24) Shutdown Continues

(8:47) IPO Radar News

(9:12) Aptera Direct Lising

(14:11) Aptera Motors Stock Trading

(15:05) OURA Health and Fidelity

(18:02) OURA Health Valuation

(19:10) Snyk IPO

(20:38) Snyk CEO Peter McKay IPO

(23:29) Erebor Bank Charter

(28:31) Stay in Touch

Craig looks at highlights from the Wealthfront IPO filing. Will Wealthfront customers get a chance to invest in the IPO?

In IPO Radar news, the Government shutdown continues. Craig gives a full update on the Cerebras IPO filing withdrawal and upcoming timeline as of October 9th, 2025.

Plus, Cursor maker Anysphere has investors interested at a $30 billion valuation (3X since May), and the AI fundraising frenzy continues with xAI. ⁠Weekly Newsletter Signup⁠

(free download - "The IPO Process One-Pager")

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20VC Podcast Links

https://www.thetwentyminutevc.com/andrew-feldman-2

https://www.thetwentyminutevc.com/jonathan-ross-3

(0:00) Intro

(0:57) Wealthfront IPO

(2:32) Wealthfront S-1 Highlights

(11:34) Wealthfront Financials

(12:22) Neo-Brokers Cash Products

(13:56) Is Wealthfront Profitable?

(15:00) IPO Access for Customers

(15:56) IPO Radar News

(18:19) Cerebras IPO Status

(20:58) CEO Andrew Feldman Comments

(23:16) 20VC Conversations

(23:44) AI Bubble Skepticism

(24:45) xAI $20 Billion Fundraise

(25:20) Nvidia to Invest in xAI

(27:14) Unmet Demand

(27:58) Anysphere/Cursor $30 Billion

(30:18) Anysphere IPO Potential

(31:27) Stay in Touch

(32:16) Level Up

(33:14) Next IPO Wave

Will the U.S. Government shutdown lead to an IPO shutdown?

Unfortunately, Craig thinks it will. The 2025 IPO window was already closing for the year, and the politician-induced delay will have a significant impact on IPOs unless it is resolved promptly.

Craig lists the companies caught "in limbo" and the candidates most likely to push their IPOs to 2026.

In IPO Radar News, Cerebras resurfaces, Kraken prepares to IPO, and the Fervo Energy IPO heats up.

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Helpful article about the shutdown Impact on IPOs

IPO and pre-IPO investing involves significant risk. Perform personalized due diligence before investing. Mentions of startups or companies in this show are not recommendations to buy or sell. This show is for informational and entertainment purposes, and should not be considered investment advice. Do not invest in IPOs with money you cannot afford to lose.

(0:00) Intro

(0:27) IPO Shutdown

(1:51) Government Shutdown

(4:28) IPO Implications

(6:31) Unhelpful

(7:00) Pending Market Conditions

(7:58) Narrow Window

(8:39) In Limbo Companies

(10:27) Medline IPO

(11:27) Upcoming IPO in 2026

(12:22) Unintended Consequences

(13:50) Axios Dan Primack

(14:01) Looking Forward

(14:44) IPO Radar News

(16:10) Cerebras Series G

(19:02) Cerebras IPO "Aspiration"

(20:30) What is Cerebras?

(21:25) Kraken IPO

(22:50) Kraken Strategic Investor

(25:25) Fervo Energy Fundraise

(27:10) Fervo Energy IPO

(27:37) Final Raise?

(29:02) Next Level

(30:55) Outro

Craig breaks down three upcoming IPOs: The Navan IPO, BitGo IPO, and the massively ambitious and speculative Fermi America IPO.

In IPO Radar news, Beta Technologies IPO, and Tether's valuation is untethered.

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From Startup to Public Company - The IPO Process

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(0:00) Intro

(0:50) Navan IPO

(2:37) Navan S-1 Highlights

(10:02) Road to IPO

(10:39) BitGo IPO

(11:56) BitGo S-1 Highlights(12:15) BitGo SoFi(13:20) BitGo Revenue Growth

(14:49) BitGo IPO Date

(15:40) Fermi America IPO

(16:54) USA AI Future Power Needs

(17:50) Fermi IPO Red Flags

(18:24) Ambitious Plans

(20:02) Should Fermi be Public?

(20:40) Highly Speculative

(23:48) IPO Radar News

(24:50) Beta Technologies IPO

(28:00) Tether's Valuation Untethered

(32:31) Waiting for IPOs

(33:47) Retail Access

(35:10) Subscribe and Follow

(35:24) The IPO Process Download

(35:36) The Access Club

(36:26) Outro

The IPO revival is here. Craig identifies takeaways from the September IPO volume to help us prepare for the next wave of IPOs.

Someone cracked the Robinhood IPO allocation algorithm. Craig shares and breaks it down.

In IPO Radar news, Medline go or no go, Figure AI valued at $39 billion, and a Cohesity IPO is looking likely for 2026.

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From Startup to Public Company - The IPO Process

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(0:00) Intro

(0:34) IPO Revival Takeaways

(1:15) Recent IPO Performances

(1:53) Klarna

(2:18) Figure

(2:46) Gemini

(4:36) StubHub

(6:58) IPO Takeaways

(8:04) Netskope

(8:44) Next Wave

(9:35) Community Insights

(9:54) Robinhood IPO Algorithm

(11:16) Robinhood IPO Formula

(12:04) Examples

(15:02) Tweet

(15:18) IPO Radar News

(16:26) Medline IPO

(20:00 )Figure AI $39 Billion Valuation

(23:43) Cohesity IPO

(26:28) Stay in Touch

(27:02) Preview

(28:07) Outro

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Episode #27: Recorded on Friday the 12th at 12:15pm ET.

Craig, recording from the FinCon conference in Portland, Oregon, recaps the first half of IPO Week (Klarna IPO, Figure IPO), talks about retail access for the Gemini IPO, and previews the StubHub and Netskope IPOs next week.

(0:00) Intro

(0:10) FinCon + Adobe Podcast

(1:00) IPO Week

(1:10) Klarna IPO

(2:32) Figure IPO

(4:05) IPO Health

(4:29) Gemini IPO

(5:12) Allocations

(6:06) Disappointing Allocations

(6:56) Retail Allocations

(9:56) Netskope

(10:38) StubHub

(11:45) IPO Pricings

(12:28) StubHub Voting Power

(13:18) Retail Access Next Week

(14:02) Multiple IPO Brokerage Accounts

(15:04) Other Friday IPOs

(15:32) Slow Allocations

(17:29) Conference Voice

(18:08) Outro

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Episode #26: It's IPO Week! Craig breaks down the six IPOs happening the week of September 8th, 2025. Klarna IPO, Gemini IPO, Figure IPO, Black Rock Coffee IPO, Legence IPO, and Via Transportation IPO.

He shares an IPO calendar and the various brokers offering IPO access to each deal.

In IPO radar news, a direct listing of the Aptera Motors IPO could be around the bend. The VAST Data IPO could occur in the second half of 2026 (or later), and AI valuations of OpenAI, Anthropic, and Mistral AI continue to grow.

^ Please note: This is a testimonial in partnership with Robinhood. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

(0:00) Intro

(0:30) IPO Week

(1:06) Klarna IPO

(1:26) Gemini IPO

(2:00) Figure IPO

(2:54) Black Rock Coffee Bar IPO

(3:23) Legence IPO

(4:02) Via Transportation IPO

(4:37) Too Many IPOs?

(5:11) Retail IPO Access

(6:24) IPO Calendar Week of Sept 8th

(9:13) IPO Friday

(10:57) Best Retail IPO Brokers

(12:02) Broker IPO Access September

(12:58) Public IPO Access

(14:09) Investing Strategy

(17:10) IPO Radar News

(17:32) Aptera Motors IPO Direct Listing

(20:23) VAST Data IPO Potential

(23:14) AI Valuations Growing

(23:24) OpenAI Valuation

(23:56) Anthropic Valuation

(25:22) Mistral AI Valuation

(25:44) VC IPO Liquidation

(26:22) Retail IPO Caution

(27:26) Upcoming

(28:26) Outro

Access Upcoming IPOs at Robinhood (affiliate^)

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Craig previews the Netskope IPO, a cybersecurity SaaS growing at 33%. The Netskope IPO date is expected toward the end of September.

In IPO Radar News, we're watching up to five September IPOs.

Klarna may be the first, and possible IPO terms have already leaked to the press.

Plus, Canva, the design SaaS is conducting another tender offer, raising the company's valuation to $42 billion. It's time for an IPO.

^ Please note: This is a testimonial in partnership with Robinhood. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

(0:00) Intro

(0:31) Five September IPOs

(1:06) Netskope IPO Ambitions

(1:50) What is Netskope?

(2:22) Gartner Magic Quadrant

(3:01) Cybersecurity IPOs

(3:50) How I Invest

(4:31) IPO Underwriting

(5:22) Netskope S-1 Filing

(7:08) S-1 Highlights

(9:40) Netskope Business Model

(10:12) Profitability

(10:46) IPO Venn Diagram

(11:45) Netskope Valuation and Pricing

(13:32) IPO Brokers

(14:54) Netskope IPO Date and Timeline

(16:56) Indicating Interest

(18:00) IPO Radar News

(18:23) Klarna IPO Scoop

(19:41) Klarna Valuation

(20:35) Klara Customer IPO Access

(21:14) September IPO Dates

(23:09) Canva

(23:45) Canva Valuation

(24:39) Canva Revenue

(25:46) Canva IPO Potential

(27:32) Outro

(28:06) Access Club

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The Gemini IPO is up next. Craig shares S-1 highlights, his investing strategy, and some potential Gemini IPO dates.

In IPO radar news, the Databricks IPO is likely delayed further as the company raises a Series K at a $100 billion valuation.

(0:00) Intro

(0:23) Winklevoss Ambitions

(1:07) Gemini IPO Timing

(1:59) Gemini S-1 SEC Highlights

(6:06) Winklevoss Letter

(8:36) Red Flag: Negative Revenue Growth

(10:04) IPO Venn Diagram

(11:12) Gemini Directed Share Program

(12:15) Customer IPO Access

(13:25) Gemini Robinhood and SoFi

(15:05) What's Next?

(17:46) Gemini IPO Date

(19:00) IPO Investing Strategy

(22:41) IPO Pricing

(23:27) IPO Radar News

(23:56) Databricks $100 Billion Valuation

(24:34) Venture Capital Fund Access

(24:53) Why Did Databricks Raise?

(26:45) Databricks IPO CEO Statements

(27:50) Databricks Funding Rounds

(29:04) August News Slowdown

(30:22) Support the Show

(31:45) Outro