Check out the market section presentation from @MeritechCapital's 2024 Annual Meeting. We cover the public and private markets and the opportunity in AI. Some of our favorite slides in this thread and link to full preso below:.

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Databricks announced they're targeting a $3.7B revenue run-rate ending this quarter, growing 50% year-over-year. That would make them the fastest-growing infrastructure company in the (public software companies) data set.

With the IPO window potentially opening, it’s helpful to review what public companies report besides a GAAP P&L, including items like revenue, gross margin, OpEx line items, operating income, etc. While ARR (annual recurring revenue) is the predominant metric to gauge success

CoreWeave ($CRWV) is up 4-fold (300%+) since pricing its IPO at $40/share in late March. It’s clear the public markets (and especially retail) want AI exposure and few pure plays in the public markets. $CRWV is also growing fast — they did $1.9B in revenue last year, up almost

The pace of growth and demand for AI today is dramatically outpacing the hyperscalers’ revenue during the move to the cloud and SaaS. While the hyperscalers (AWS, Azure, and GCP) were primarily the infrastructure underpinning the move to the cloud, NVIDIA’s ($NVDA) HPC &

Exciting day for @bradmenezes and the entire @superblocks team on the launch of Clark, the best way to use AI to build internal apps. Check it out!👇.

Hinge Health ($HNGE) started trading and is worth ~$3.5B (up about 20% from pricing). The company priced at ~$3B market cap and ~6x ARR / run-rate multiple. Hinge is a ~$500M ARR / run-rate revenue business, growing 50% year-over-year, 80%+ gross margins, is profitable, and has.

Huge product updates from @framer. Framer is the fastest moving company in the design space. If you want to design, build and publish a professional website, Framer is it!.

$SHOP is up ~65x from IPO price in 10 years, only behind Salesforce, which went public 21 years ago.

Thanks for pulling this together @ausw2000 !.

3/ Implied shareholder value at last round post of ~$25B.

2/ Some stats from their S-1

1/ Chime (CHYM) is planning to IPO in a few weeks and is quite the business. $2B+ in revenue run-rate, almost 9M members, and a ~$250 ARPU. Chime has also been able to increase revenue growth and margins at the same time over the past 2 years. What will they be worth? They

Palantir ($PLTR) is currently the most valuable public software co at ~$315B market cap, and trades at almost 100x run-rate revenue / ARR. The next nearest company is CrowdStrike ($CRWD) at 25x. Alex Karp's (CEO) quote from the Q1'25 investor letter:. Our financial performance,

Google launched a Lovable, Bolt, and v0 competitor. It took Google 9 years to create a Calendly-like tool in G-Suite, but in a matter of months, it released a competitor to the fast-growing AI-app builders.

Excited to partner with Pennylane.

Wiz is the largest venture-backed sale at $32B (assuming it closes). If Wiz was 1/2 --> 2/3 owned by investors, which is pretty standard at that stage, that's $16-21B. $21B to investors would represent ~33% of all venture distributions in 2023 from one company. The private

HubSpot ($HUBS), a $32 billion CRM and marketing automation company, has an interesting approach to AI – they’re giving it away for free. According to their last earning release, they have 75,000 weekly active users of their Breeze Copilot (unclear what percentage of customers

Excited for the next phase of @Flock_Safety and a safer America. @glangley and the entire Flock team continue to move the goalposts of what's possible.

Public software has been down significantly since the February 28th "peak." The top 10 highest-valued companies are down the most. The top 10 median revenue multiple rose almost 60% and has returned to the pre-election median. The median revenue multiple of the entire index rose