Topic
Estimates of private companies' worth derived from funding rounds, secondary share sales, or investor markdowns rather than public market trading.
Blockchain.com is seeking about $500 million in a U.S. IPO at a $4 billion to $6 billion valuation, Bloomberg reported, against a $14 billion peak in 2022. Most of that discount was already taken in a private round in 2023.
Reality
CFO Sarah Friar told staff OpenAI "will be a public company in 2027," sooner if growth holds. The date is also a deadline on every private round and buyback between now and then.
Perspective Coverage
4 publishersReality
SaaStr's recap puts a completed sale at $1.35B against a $17.5B private mark. The same recap reports a $1B round at $10B for Instinct, a company priced near $50M pre-money in April.
Reality
Djoann Fal of Atlas Capital says the families he advises are skipping blind-pool venture funds to buy existing shares in AI leaders, at prices he admits leave them little room for outsized returns.
Reality
Twenty-one of those 81 carry the number while still private, so the comps a Series A gets underwritten against are marks rather than distributions, and the arithmetic that produced four is sensitive to one ownership input.
Reality
Reuters reports the credit facility has to close before analysts meet the company, and the analyst meetings sit weeks ahead of the document, which makes the financing sequence a clearer read on Anthropic's cash needs than any launch post.
Reality
Two vehicles raised days apart put $9.6bn behind AI, and the smaller one buys into a layer where a16z says rack power runs from 250 kilowatts today to a megawatt within three years. Supply, on the firm's own numbers, grows 20-30% a year.
Reality
A majority stake at $6bn sits 40% under the valuation 1X was chasing a year ago, which says less about humanoid hype than about the gap between a price somebody pays and a price somebody wants.
Reality
PitchBook puts a third of US PE-backed companies past the five-year mark. The harder part for LPs is where the value sits: in funds old enough that the cash was already meant to be coming back.
Reality
The 45% markup in eleven months is measured off October's $11B round. Membership at $5.99 covers roughly a fifth of forecast 2026 sales, and the draft filing carries no audited numbers.
Reality
A $320 million Series H values the payments company at $11 billion on an autonomous-finance story. Its president says it is still "not the best time" for an IPO.
Reality
A London AI chip startup raised $312 million at a $3.3 billion valuation, roughly triple where it sat in February. The founder's net worth is the part being marketed.
Reality
Two separate valuers cut Canva the same way after a third came off its growth forecast. The stated cause was compute cost the company could not pass on to customers.
Reality