E84: Revolut £1.5b 2023 revenue, $20b Adobe+Figma deal off, ByteDance $110b 2023 revenue, Anthropic raise at $18b valuation, Stripe revenue up 35%, Flexport plans 3x 2024 revenue | Pre-IPO Stock Market Update – Dec 22, 2023

Send us Fan Mail00:09 | Revolut £1.5b 2023 revenue- £1.5b 2023 revenue, +76% vs £850m 2022 revenue- 300,000 new users weekly- 40 million total customers globally- $14.9b secondary market valuation, -55% from $33b primary round in Jul 202101:13 | $20b Adobe+Figma deal off- European/UK regulators suggested significant remedies that were rejected by Adobe- Adobe to pay Figma $1.0b breakup fee- Tbd on Figma’s currently valuation; Canva, a competitor, is at $25.3b down 37% from its last primary round in Sep 2021- Figma’s last primary round was Jun 2021 at a $10b valuation02:23 | ByteDance $110b 2023 revenue- $80b 2022 revenue- 2023 revenue is 30% increase vs 2022- $25b in 2022 EBITDA; +79% vs prior year- currently closing a $5b share buyback at a $268b valuation03:32 | Anthropic raise at $18b valuation - Raising $750m- Menlo Ventures led- Google has committed $2.0b, Amazon committed $4.0b04:22 | Stripe revenue up 35%- $1.0b in Q3 2023 revenue, +35% vs prior period- $150m in Q3 2023 operating income- Stripe has been ringing in expenses; reducing spending on engineers and salespersons and laying of 14% of staff- $50.7b current secondary market valuation05:37 | Flexport plans 3x 2024 revenue- $330m in 2024 net revenue forecasted- 2024 forecast is 3x 2023 net revenue of $100m- $500m of operating expense reduction planned in 2024, 20% of staff let go in Oct 2023- $2.1b implied secondary market valuation, -73% from last primary round in Mar 202206:47 | Big capital raises- SumUp (sumup.com) | $307m Series G, $8.6b valuation- Hikstor Technology (hikstor.com) | $168m Series B, $869m valuation- Tome Biosciences (tome.bio) | $118m Series B, $418m valuation- Parse Biosciences (parsebiosciences.com) | $50m Series C, $220m valuation- Synnovation Therapeutics (synnovationtx.com) | $70m Series A, $200m valuation07:55 | Pre-IPO +0.01% for week- Week winners: SpaceX +6.26%, Neuralink +6.03%, Deel +5.34%, Anduril +3.38%, Klarna +2.17%- Week losers: Anthropic -8.88%, Discord -8.65%, Epic Games -8.08%, Notion -2.32%, Hugging Face -2.21%- Top valuations: ByteDance $195b, SpaceX $168b, OpenAI $71b, Stripe $51b, Databricks $48b lead in current valuation