20VC with Harry Stebbings - Most in Demand Private Companies According to Setter 📈
The video provides an analysis of the most in-demand companies for secondaries, focusing on those that have risen or fallen in rankings over the last quarter according to Setter. Scale AI is highlighted as the top riser, moving up 11 places, with expectations to reach $2 billion in revenue by 2025. RAMP follows, having risen 10 places after doubling its revenue to $700 million. Grock, an Nvidia competitor, also rose significantly due to a $1.5 billion revenue deal with Ramco. On the downside, Kraken fell 11 places due to the current state of the crypto markets, which is expected to continue. Perplexity dropped seven places, pressured by the dominance of ChatGPT. Chime, a US challenger bank, fell six places due to Revolut's entry into the US market and the strength of existing incumbents. The data was provided by setvc.com and Set Capital, offering valuable insights into market trends.
Key Points:
- Scale AI rose 11 places, expected to reach $2 billion revenue by 2025.
- RAMP increased 10 places, doubling revenue to $700 million.
- Grock secured a $1.5 billion deal, boosting its ranking.
- Kraken fell 11 places due to crypto market conditions.
- Perplexity and Chime dropped due to competition and market pressures.
Details:
1. 📈 Top Risers in Company Demand
- Scale AI rose 11 places in demand rankings and is projected to achieve $2 billion in revenue by 2025. The company's growth can be attributed to its innovative AI solutions that cater to various industries.
- RAMP increased its position by 10 places and reported a doubling of revenue to $700 million in the last month. This growth is largely due to their enhanced financial management tools that have attracted a broader customer base.
- Grock, an Nvidia competitor, secured a $1.5 billion revenue deal, reflecting its competitive edge in the semiconductor market, particularly through strategic partnerships and advanced technological offerings.
2. 📉 Top Fallers in Company Demand
- Kraken experienced a significant drop in buyer demand, falling 11 places. This decline is attributed to the volatile state of crypto markets, impacting investor confidence and leading to reduced interest in cryptocurrency exchanges.
- Perplexity fell seven places in buyer demand. This shift is largely due to ChatGPT's increasing dominance, which exerts pressure on competing platforms like Claude and Grock. As ChatGPT continues to innovate, competitors struggle to maintain their market share.
- Chime, a US challenger bank, dropped six places in buyer demand. This decrease is linked to Revolut's strategic entry into the US market, intensifying competition. Additionally, the unbundling of traditional banking services creates challenges for challenger banks to differentiate and retain customers.
3. 🔍 Data Source Acknowledgement
- Credit is given to setvc.com and set capital for providing data used in the analysis, highlighting the importance of reliable data sources.