E119: Wiz $12b valuation, Wayve raises $1b, Chime fined by CFPB, Titkok sues US govt (obviously), OpenAI cuts another training data deal, FTX customers made whole!

Send us Fan Mail00:08 | Wayve raises $1b- UK AI-autonomous driving technology company, licenses AI-tech to car manufactures- Softbank, D1, Nvidia, Microsoft investors- Round valuation was not disclosed- Last published valuation was $1.35b in Jan 2022 Series B01:49 | Chime fined by CFPB - online checking and savings accounts- fined $3.25m for failing to refund customer funds on a timely basis- growing pains, nothing to see here- $5.1b secondary market valuation; -80% from Sep 2021 round03:13 | Wiz $12b valuation- NYC cloud security firm- $12b post-money after $1b cap raise- a16z, Lightspeed, Thrive invested- $350m in 2023 annual recurring revenue- 34x revenue multiple (HIGH!)04:13 | Titkok sues US govt (obviously)- challenging divest/ban law passed last month- 170m US users- $16b in TikTok US 2023 revenue- estimated $152b valuation is Meta price-to-sales multiple applied05:43 | OpenAI cuts another training data deal - licensing partnership with Dotdash Meredith- brands include People Magazine, Better Homes & Gardens, Investopedia- OpenAI has data deals with FT, Axel Springer, Le Monde, Prisa, AP, StackOverflow- $99.4b secondary market valuation, +16% from Jan 2024 last round06:58 | FTX customers made whole!- $11b owed to 2m customers- $16.3b in total assets recovered- customers and creditors made whole + interest, 118% of original value08:43 | Pre-IPO +1.41% for week, +31.09% for last 1yr- Week winners: Ramp +15.9%, Groq +12.1%, Notion +5.4%, Revolut +4.4%, Chainalysis +4.2%- Week losers: Hugging Face -5.6%, Chime -2.9%, Bytedance -1.7%, Databricks -1.6%, Epic Games -0.9%- Top valuations: ByteDance $288b, SpaceX $192b, OpenAI $99b, Stripe $75b, Databricks $43b09:25 | +1.07% 2024 Pre-IPO Stock Vintage Index- www.agdillon.com/index to see all 20 Pre-IPO Stock Vintage Indexes- 2024 Vintage Index top contributors since inception: Epic Games +177%, Rippling +89%, Revolut +40%, Klarna +36%, Anduril +34%- 2024 Vintage Index top detractors since inception: None. All 10 constituents are in positive territory. - Looking at all 20 vintages … here are the winners and losers for the week; …winners = Rippling +3.2%, SpaceX +1.6%, Databricks +1.5% and…losers = Automation Anywhere -20.9%, OpenAI -3.3%, Tanium -2.2%- Rippling is in 2024 Vintage Index; 14% weight, +73% from index inception, +1.4% from last primary round- Key metric averages for all Vintage Indexes 5 years old or older……3.31 distributed paid in capital…2.06 residual value to paid in capital…5.37 total value to paid in capital…4.1 years to return the fund