This industry is, unfortunately, red-hot given the global conflict, record-setting world military expenditure, emerging defense technology trends, as well as the legacy defense primes (e.g., Lockheed Martin, Raytheon Technologies, Northrop Gumman, General Dynamics) antiquated technology and minimal innovation. Enter Anduril – an AI-powered, modern defense technology company founded by entrepreneur…
Beyond Unicorn Investing – Raisin
“Unicorns” were originally termed as private companies greater than $1 billion enterprise value. Fast forward to today, and that is no longer rare. There are thousands of global private companies that exceed $1 billion in value. Regardless, we define “unicorn” as the largest one hundred (or so) private companies in…
The Financial Infrastructure for Internet
Stripe Inc. is truly growing the GDP of the internet. But here’s why it took us so long to get onboard… Stripe was founded in 2010 by Patrick and John Collison to make it easier for businesses to integrate payment acceptance into websites and mobile apps. Since then, Stripe has…
More SpaceX?
We are all going to need SpaceX. But SpaceX at a price that we can afford! The best “access point” for purchasing private shares of SpaceX is through the company-run employee tender. This tender occurs on a rolling ~6-month basis. The biannual tender is typically oversubscribed with participation from all…
Reddit IPO in March
Our private assets team has been specializing in late-stage, pre-IPO companies trading at discounts in secondary markets Frozen shut for a year and a half, the IPO market finally seemed to be thawing. As the IPO market opens again, there are the dozens of companies that will hit the public…