E79: $32b Shein 2023 revenue, 50% Canva YoY revenue growth rate, KISS avatar show coming soon, Freedom of speech and pre-IPO stocks | Pre-IPO Stock Podcast – Dec 4, 2023 | Clint Sorenson, Nick Fusco, Aaron Dillon

Send us Fan Mail 00:18 | Freedom of speech and pre-IPO stocks - Freedom of speech is the hot topic on social media and its impact on pre-IPO companies like ByteDance's Tiktok and X - Advertisers are a primary source of revenue for social media shops - Tiktok is moving into commerce, X is moving to subscription model and AI … a desire to migrate away from advertiser driven revenue model 07:36 | $32b Shein 2023 revenue - Shein looking to IPO in 2024 - Headquartered in Singapore (developed market), operations in China, 100% of customers outside of China, listing in - $32b 2023 revenue run rate, +41% from 2022 building on a 45% year over year increase 2022 vs 2021 - $66b valuation as of May 2023 Series G; Sequoia Capital, General Atlantic, Mubadala invested - Goldman Sachs, JPMorgan, Morgan Stanley are lead underwriters for IPO 15:03 | 50% Canva YoY revenue growth rate - Canva is a graphic design + AI solution to help the layperson become a marketing expert - Canva currently doing a tender, preparing for an IPO - $25 billion current valuation - $2 billion annualized revenue, 50% growth YoY rate, positive cash flow 21:23 | KISS avatar show coming soon - George Lucas's Industrial Light & Magic is creating a KISS avatar show - ABBA has done avatar concerts and makes $2m per week