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00:21 | Carta’s public blow up
- Kerri Saarinen, CEO of Linear, complained on X about Carta's secondary brokers contacting his shareholders for secondary market stock sales
- Saarinen raised concerns about the use of private data from Carta's cap table management for brokerage purposes
- These conflicts are not new in financial services but Chinese walls are important
- Carta can use cap table data but any product/service would need to benefit their startup clients; e.g. Carta Venture Fund to invest in cap table client’s equity or issue loans
14:40 | 2023 pre-IPO stock recap … Scale.AI, Databricks, SpaceX, Anduril, Chainalysis big winners + AI shops
- Top 2023 performers: Scale AI +93%, Databricks +42%, SpaceX +22%, Anduril +18%, Chainalysis +15%, and Deel +10%
- Top 2H 2023 performers: Anthropic +302%, OpenAI +155%, and a recovery for Plaid +40%
- Broader private markets lagged behind public markets in 2023 due to liquidity preferences and economic trends, Magnificent Seven drove public markets
- Venture capital and long-duration investments are seen as potentially lucrative in an improving economic and liquidity environment
23:17 | 2024 pre-IPO stock outlook … its all AI and SpaceX
- AI: Anthropic, Databricks, Hugging Face and other picks and shovels AI plays have massive potential
- SpaceX: Starlink is monetizing and is forecasted to deliver $10b in 2024 revenue, as this revenue is realized expectations for valuation to increase dramatically
- IPO Outlook: Stripe, Databricks, Starlink, Reddit
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By AG Dillon & Co
4.4
88 ratings
Send us a text
00:21 | Carta’s public blow up
- Kerri Saarinen, CEO of Linear, complained on X about Carta's secondary brokers contacting his shareholders for secondary market stock sales
- Saarinen raised concerns about the use of private data from Carta's cap table management for brokerage purposes
- These conflicts are not new in financial services but Chinese walls are important
- Carta can use cap table data but any product/service would need to benefit their startup clients; e.g. Carta Venture Fund to invest in cap table client’s equity or issue loans
14:40 | 2023 pre-IPO stock recap … Scale.AI, Databricks, SpaceX, Anduril, Chainalysis big winners + AI shops
- Top 2023 performers: Scale AI +93%, Databricks +42%, SpaceX +22%, Anduril +18%, Chainalysis +15%, and Deel +10%
- Top 2H 2023 performers: Anthropic +302%, OpenAI +155%, and a recovery for Plaid +40%
- Broader private markets lagged behind public markets in 2023 due to liquidity preferences and economic trends, Magnificent Seven drove public markets
- Venture capital and long-duration investments are seen as potentially lucrative in an improving economic and liquidity environment
23:17 | 2024 pre-IPO stock outlook … its all AI and SpaceX
- AI: Anthropic, Databricks, Hugging Face and other picks and shovels AI plays have massive potential
- SpaceX: Starlink is monetizing and is forecasted to deliver $10b in 2024 revenue, as this revenue is realized expectations for valuation to increase dramatically
- IPO Outlook: Stripe, Databricks, Starlink, Reddit
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