David Hoffman
👤 SpeakerAppearances Over Time
Podcast Appearances
I don't hate it.
Best of breed.
Best of all things.
I don't hate it.
The market will figure this out.
I don't hate it.
David, you know, OpenAI...
just closed $122 billion raise, and the valuation was almost $900 billion.
This is a company that just released a product, what, like three years ago?
The fastest growing product in history.
$2 billion revenue per month growing at Forex, Forex faster than when they raised at $157 billion.
That was the last time they raised.
These private valuations are gargantuan.
So this is still a private company.
There was some other news on the week that SpaceX, they are targeting a June listing at a $1.75 trillion valuation.
Now, this would be an IPO, okay?
So a company goes from zero to $175 trillion completely privately.
And then an IPO is to dump on retail.
No, I'm sure it's a great company.
But, like, after all of the upside has been achieved privately.