This Week in Pre-IPO Stocks - Market Update - Apr 21, 2023 - E43

Send us Fan MailPre-IPO Stock Market Update - Apr 21, 2023 | Tech billionaires + fusion, Klarna ad revenue growth, Discord financials disclosed, 'ChatGPT for Business'00:33 | Tech billionaires invest into nuclear fusion companies- Sam Altman (OpenAI), Peter Theil (Founders Fund); Helion Energy ($3.7b val, Nov 2021)- Marc Benioff (Salesforce), Bill Gates  (Microsoft); Commonwealth Fusion Systems ($1.8b val, Dec 2021)- Jeff Bezos (Amazon); General Fusion- Vinod Khosla (Khosla Ventures); Realta Fusion- Chris Sacca (Lowercase Capital); Avalanche Energy ($130m val, Apr 2023)03:05 | Klarna app  updates to drive ad revenue- added; AI discovery feed (like TikTok), customized shops for social media content creators, ability to sell secondhand goods- AI will build a personal profile of shoppers based on shopping behavior, brands they like and provide recommendations to merchants- Klarna already generates 10% of revenue from advertisements- Klarna management forecasting monthly profitability in a few months time04:59 | Discord financial update- 2022 revenue $445m; up 44% yoy- 2021 revenue was up 126% yoy- 2022 ebitda $66m- Q1 2023 ebitda -$11m, nearly double Q1 2022 ebitda -$6m- Fidelity marked Discord’s valuation at $9.4b; -36% from last primary round in 2022 ($14.7b)05:58 | OpenAI for Business- Businesses will maintain control over the data they generate- Controls include; turning off their chat histories to prevent OpenAI from using the data to train its language models and customizing models for individual users so their privacy is not compromised07:16 | Large capital raises- Getir | $300m Series F, $6.5b valuation- Razor Group | $88m Series C, $1.2b valuation- Odeko | $54m Series D, $604m valuation- Coronet | $75m Series D, $575m valuation- Cosmose AI | Series B, $500m valuation08:26 | Pre-IPO stock market performance- Pre-IPO stocks were down for the week -1.41%, S&P 500 -0.09%. - YTD pre-IPO stocks trail the S&P by about 21%.- YTD Kraken and SpaceX are the stars, up 6% and 2% respectfully. 7 pre-IPO stocks in the index are down over 20% YTD; Discord, Stripe, Airtable, Brex, Epic Games, Chime, and Flexport.- Kraken +8.78%. Brex -14%, Stripe -8%, Revolut -5%, Flexport -3%.AG Dillon & Co venture capital funds...- SpaceX Fund = www.agdillon.com/spacex- OpenAI Fund = www.agdillon.com/openai