E70: $10b valuation for Anduril, OpenAI next “App Store”, Loom acquired for $975m, Flexport lays of 20% staff | Pre-IPO Stock Market Update – Oct 13, 2023

Send us Fan Mail00:10 | $10b valuation for Anduril- Raising $400m to $500m at a $10b valuation, 17.6% increase from last round- Use of funds = acquisitions, research/development- Recently won $1.0b contract from US Special Ops Command01:07 | OpenAI next “Apple App Store”- releasing developer tools on Nov 6 conference- updates will reduce costs by 20x and include vision/image capabilities- current tender offer at $90b, 210% above its Apr 2023 round just 7 months ago02:51 | Loom acquired for $975m- Atlassian is acquiring for -36% vs last round ($1.53b)- Loom provides an asynchronous video solution- Loom has 25m customers, 5m monthly video conversations; Ford, Tesla, Amazon are customers03:46 | Flexport lays of 20% of staff - 660 of 3300 employees impacted- 70% drop in 1H 2023 revenue- Former CEO Dave Clark removed five weeks ago04:14 | Big capital raises- Electric Hydrogen | $380m Series C, $1.0b valuation- Headway | $125m Series C, $1.0b valuation- Bizongo | $50m Series E, $980m valuation- SuperOrdinary | $58m Series B, $800m valuation- Pulumi | $41m Series C, $391m valuation04:57 | Pre-IPO 5.75% for week- Week winners: Anthropic +100.1% (not a typo), Rippling +26.2%, Hugging Face +22.9%, OpenAI +14.7%, Brex +8.3%- Week losers: Epic Games -5.5%, Airtable -4.5%, ByteDance -3.7%, Cohere -3.0%, Deel -2.2%- Top valuations: ByteDance $203b, SpaceX $157b, OpenAI $77b, Stripe $53b, Databricks $45b