The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: SpaceX, Tesla, Neuralink: Elon’s Empire After the Firestorm | Are Circle and Coreweave Meme Stocks: IPO Analysis | Anduril Raises $2.6BN & Becomes Founders Fund's 1st and 2nd Largest Check Ever | Cursor Now 20% of SaaS Spend and the SaaS Slowdown
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Jun 12, 2025 Dive into the wild world of IPOs and market dynamics as Circle's recent debut raises eyebrows and questions. Explore how the US stock market eclipses its global competitors, drawing companies like Deliveroo and Wise. Unpack the chilling reality that half of all unicorns might be on a crash course. Witness the rise of Anduril, securing an epic $2.6 billion from Founders Fund. Finally, grapple with the seismic shifts in SaaS spending amid AI's looming dominance and ponder the fate of tech leadership in a fast-paced, changing landscape.
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IPO Market Pricing Challenges
- IPO market dynamics are highly unpredictable, and pricing windows can open or close suddenly.
- Underpricing IPOs often leaves billions on the table, especially when there's strong retail demand leading to large post-IPO price pops.
US Market Dominance Benefits
- US stock markets dominate global capitalization and liquidity.
- This dominance explains why many international companies prefer to list in the US for better access to capital.
Private vs. Public Market Trade-Offs
- Venture-backed companies smaller than $2-3 billion often face liquidity challenges and may not be ready to go public.
- Founders and teams should contemplate the trade-offs between private and public markets carefully.