EPISODE #7 - This Week in Pre-IPO Stocks Podcast - Feb 17, 2023 | Fusco, Sorenson, Dillon

Send us Fan MailEPISODE #7 - This Week in Pre-IPO Stocks Podcast - Feb 17, 2023 | Fusco, Sorenson, DillonDon Nitti took the week off. He'll be back with us next week.01:00 | Bytedance is the largest pre-IPO stock by valuation globally.- Bytedance is the parent company of TikTok and several other products (mostly in China).- $61.7b in 2022 revenue.- 2.0 billion users globally.- Bytedance is up 20.5% since last primary round in Dec 2020, $180b valuation.- Current valuation of $216b based on secondary market trading and last primary financing round09:08 | Reddit is rumored to IPO in second half of 2023.- Reddit continues to keep their IPO paperwork updated at the SEC, a clue that they aim to IPO once market conditions improve.- $290m in 2021 revenue, net income numbers are not available but Reddit is reported to be “far from profitable”.- Down 32% in secondary market trading since last primary financing round in Aug 2021. $6.8b current valuation. $6.6b valuation from Fidelity in a recent SEC filing. $10b valuation at its last primary financing round in Aug 2021.14:42 | Venture is getting more conservative. How will this impact large pre-IPO stocks?- Harlem Capital spoke with 40+ active companies, 20+ VCs- Valuations: Seed: $15-30M post to $10-20M post, Series A: $50-100M+ post to $30-50M post- Diligence processes: Seed: 1-2 months to 2-4 months, Series A: 2-3 months to 3-6 months- Higher bar at all stages: Pre-revenue at Seed: raising $1-2M Pre-Seed rounds, Series A: $1.5-2.5M ARR with strong unit economics32:48 | Favorite AI use case for the week and other interesting emerging tech (Neuralink [computer chips in brains], blockchain, metaverse, self-driving cars, humanoid robots)Subscribe to the podcast...Youtube = https://www.youtube.com/channel/UCSpr_9yjBA7dhqnQexSu7LAApple Podcasts = https://podcasts.apple.com/us/podcast/this-week-in-pre-ipo-stocks/id1653598601Spotify Podcasts = https://open.spotify.com/show/2ryF1V6y712AsizaRjImOHParticipant bios...- Nick Fusco, ApeVue - CEO = www.linkedin.com/in/nickfusco- Clint Sorenson, WealthShield - CIO = www.linkedin.com/in/csorensoncfacmt- Aaron Dillon, AG Dillon & Co - Managing Director = www.linkedin.com/in/aarondillonnyc