This Week in Pre-IPO Stocks - Market Update - Mar 24, 2023 - E39

Send us Fan MailPre-IPO Stock Market Update - Mar 24, 2023 | New SpaceX capital raise, Epic Games launches new creator payout model, Klarna launches OpenAI plugin, Tyler's Corner (Deel, Databricks, Kraken)00:34 | New SpaceX capital raise- Badeel (Saudi Arabia’s Water and Electricity Holding Company, part of Saudi's Public Investment Fund) and United Arab Emirates’ Alpha Dhabi are investing- $74 and $79 per share, ballpark $140 billion- Last round was $137b in Dec 202201:30 | Epic Games launches new creator payout model- Epic introduced “Creator Economy 2.0” ... pay out 40 percent of Fortnite’s net revenues to creators based on how much players engage with their islands, estimated at $400m per year- Previous “Support-A-Creator” system ... creators would only get 5 percent of a users purchase from the Epic store, users also had to input a unique creator code so the process was very complicated, many Fortnite creative studios relied on brand deals for income, building virtual worlds to advertise brands like Verizon, Chipotle, or Balenciaga.02:41 | Klarna launches OpenAI plugin- Shoppers can ask for specific shopping recommendations- If the options provided are not suitable, the user can ask additional questions or request more product recommendations- When shoppers click on the link that is provided in the chat, it then re-routes them to Klarna’s search and compare solution03:45 | Tyler's Corner by Tyler Siconolfi- Deel has struck a partnership with RAMP Global, another management and human resources platform based out of London. This partnership will empower RAMP to accelerate the talent search and hiring process and reduce costs. - Databricks launched an AI chatbot called ”Dolly”. Dolly is considered to be a cheaper alternative than OpenAI’s ChatGPT and allows companies using Databricks to use AI while not giving away their data to a third party.- Kraken has inked a sponsorship deal with the United Kingdom based Formula One racing team, Williams Racing.04:41 | Large capital raises- eToro | $250m Series G, $3.5b valuation- Kin | $109m Series D, $859m valuation- Thunes | $30m Series C,  $776m valuation- Ably | $38m Series C, $725m valuation- Amogy | $139m Series C,  $589m valuation05:34 | Pre-IPO stock market performance- Pre-IPO stocks were down 1.85% for the week vs the S&P 500 up by 1.09%. - YTD pre-IPO stocks still trail the S&P by about 11.25%.- Not much movement in the YTD company level numbers … OpenSea is now up over 30% … Kraken has come way off and is now only up 9% year to date. Stripe, Airtable, Epic Games, and Chime are still all down over 20%.- Deel and Rippling were both up about 2.5% for the week.- Kraken got smoked this week, down 10.5% for the week. Revolut was down 9%. Brex was down 5%.AG Dillon & Co venture capital funds...- AG Dillon SpaceX Pre-IPO Stock Fund = www.agdillon.com/spacex- AG Dillon Pre-IPO Equity Fund (top 15 pre-IPO stocks) = www.agdillon.com/top15Subscribe or follow...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/2ryF1V6y712AsizaRjImOHInstagram = https://www.instagram.com/aarongdillon/Facebook = https://www.facebook.com/profile.php?id=100089996314705LinkedIn = https://www.linkedin.com/company/ag-dillon-co