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Content preview: PitchBook Newsletters Plus: Soonicorns, a look into xAI's
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3SDc8PbDKJjdwRXBpn5Y4r1sMUskSma3BwgtxW4yaHI1ffudltihqzQY-2FTM6XtZLfE3yp53gD=
MOfLBWw8miZxlGQWyoPWXjPoUxIcpg6NNvfDJjnrKU4NMGz0iwdhhKkILfB-2BCZFzINbG60t9z=
9gMOBZ9njFmgbCurWww1ycWleLx-2By6uWYUpEAkCVY8ezYYbmC7wQSFHQqxljI91MBGK5TZ43i=
zUJH-2BVzJ8goulEHvqq2CorCwwkO1lsw0FUb5Lt8O26JxmPLTtenxYqvECpEq-2Ba-2By2WIez=
mwngrtOUcblXEOGB" target=3D"_blank" style=3D"text-decoration: underline; co=
lor: #1D5080; font-size: 14px; font-family: Roboto, Arial;">mogul</a></span=
></td>
</tr>
<tr>
<td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb=
sp;</td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor=
der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im=
portant;">
<tbody>
<tr>
=20
<td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma=
x-width: 460px; padding-left:5px; padding-right:5px;">
<table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"=
0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"=
>
<tbody>
<tr>
<td style=3D"padding: 0;">
<table class=3D" " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWk-2Bx5hR7wwewBnHoZCX-2FZA8xqXP7y0UfhRg8qAuT5XcA-3D-3=
DWb9z_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRG=
Z8A0sDasMDtlegSvHt-2B1K0kVdIjX5JKzOjZkgMdSze0FsOnlvLsOXwXm11Pe9qOzAgWZR6AJt=
ht6zhLe4nP9tw3wfpw5lRwcrdXwt6FgTYZeclcg0ZPFoAuFakYxeMxYw4e-2BmMs-2FEE-2FZ4l=
RnIgURtobmfsyWAqYQUFdAxO-2FjyvmwkY8JCmXxPbbu8Ks1LkQwkx3Myzw5hN3-2BF5o3SDc8P=
bDKJjdwRXBpn5Y4r1sMUtUZGt7ydIcKKDsfavSxsHHNU-2B-2FExudMvP1mdDgOF7kyhzqj1BHj=
dydHpFLckhlRhO523eji8fatfyRuzl7kZTRAKC2EKsmiAo8GBLSa-2BetlO6Yf-2FOkmuiL0-2F=
tNdzzfklsOWgn1KFQ-2FaHOUjfa-2BTJmBAKJ2ytzyJwLYHFGrVbE-2Bl0SqflNEwNROez-2BWU=
zqkJ9fZDDEZtP5-2FsQkqlcejezg-2FXRTyCwvHy4WwzDIkroKnwasmnklWNlbWO-2F6Mes-2BG=
jR1HxdTcWlLgE0hCxIqaRxDo"><img width=3D"460" src=3D"https://img.pitchbook.c=
om/ads/ad4596/Mogulbanner.png" alt=3D"Ads" style=3D"padding: 0px; margin: 0=
px; border: 0px; display: block; width: 100%; height: auto;"></a></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> =
=20
<center>
<h2><b>Trivia</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">A "soo=
nicorn" is defined by PitchBook as a company valued over =E2=82=AC500 milli=
on with the potential of turning into a unicorn. According to our latest re=
search, European soonicorns are currently worth =E2=82=AC126 billion (about=
$146 billion) in aggregate. How many Europe-based soonicorns are there?<br=
><br>
A) 133<br>
B) 153<br>
C) 173<br>
D) 193<br><br>
Find your answer at the bottom of The Weeken=
d Pitch!</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<center>
<h2><b>ICYMI</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">A sele=
ction from our most-read articles of the past few days.=20
<ul>
<li><b>For the first time, Anthropic is repor=
tedly worth more than OpenAI</b>=E2=80=94and the valuation flip reflects a =
widening gap in investor confidence, enterprise adoption and equity returns=
between the two AI rivals. <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWk-2Bx5h=
R7wwewBnHoZCX-2FZAJTIPoaftu-2FOTT-2BYAm1zjUg-3D-3DeGvE_Pr966knuaHmaw6c7pKvB=
-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRGZ8A0sDasMDtlegSvHt-2B1K0kV=
dIjX5JKzOjZkgMdSze0FsOnlvLsOXwXm11Pe9qOzAgWZR6AJtht6zhLe4nP9tw3wfpw5lRwcrdX=
wt6FgTYZeclcg0ZPFoAuFakYxeMxYw4e-2BmMs-2FEE-2FZ4lRnIgURtobmfsyWAqYQUFdAxO-2=
FjyvmwkY8JCmXxPbbu8Ks1LkQwkx3Myzw5hN3-2BF5o3SDc8PbDKJjdwRXBpn5Y4r1sMUtFT3p2=
Pl9s190q6ASMRq3pSBO8Csrj5-2BTiLfmuSTpfwhQi0G1uEOPICmOslmUzl4T-2F0byG3MteNM1=
xxTCVJgOaWk-2B0t-2FBx5xn3XAlLQNawIgLrhVll6GqIzU03VMk-2BCmAABlRw3ejeJROK19Nc=
cGt4zUW7g6Tp2vWrdr8J6hMLgJpWcX2eu-2FSjHZfYSyEbWCjl-2FpVmuAALeR5SPKcFu3McVj0=
iGjekRjRLZsLBfOlMoEXKaUpEuqr5ev8s1rft2BJ0nji2HJBNUyXmTIyvZOZQ" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true"><b>Find out more</b></a><br>
</li>
<li><b>SpaceX's S-1 is out=E2=80=94and we've =
put together six charts</b> breaking down everything behind the $18 billion=
revenue figure, the $4.9 billion net loss, and what the numbers mean for i=
nvestors eyeing a generational liquidity event. <a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzWk-2Bx5hR7wwewBnHoZCX-2FZAi4Ta3ch05igrzxqyKfVbvw-3D-3DcoGb_Pr96=
6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRGZ8A0sDasMD=
tlegSvHt-2B1K0kVdIjX5JKzOjZkgMdSze0FsOnlvLsOXwXm11Pe9qOzAgWZR6AJtht6zhLe4nP=
9tw3wfpw5lRwcrdXwt6FgTYZeclcg0ZPFoAuFakYxeMxYw4e-2BmMs-2FEE-2FZ4lRnIgURtobm=
fsyWAqYQUFdAxO-2FjyvmwkY8JCmXxPbbu8Ks1LkQwkx3Myzw5hN3-2BF5o3SDc8PbDKJjdwRXB=
pn5Y4r1sMUt9QrJaHmTMPbd7YMoZSAYC-2B9sXzQTG24FI3GWAE6-2FzfCv28JsVDGHCNYZ1exu=
9sw9Hbp9TA-2BvHnIeAcy7IcmCnqEUdDyJ5yRr5-2B47NZBS5YDVHY95fT6rXEF-2BooP3pWsix=
f8tyW5EQ5c9wjare2U5tciN0hsS6EOUeEobeDD9xowjBC23UEYd9HkbuTwFEdj-2F0-2FGlt-2B=
uDRSJLrJQNH3-2BwFVujy2mgBV20k-2FhSd-2BXpVYJVG8PhT34bjJZb3nhUC4HEvzutdTTApI7=
YqEDHz5JE3" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Read =
it now</b></a><br>
</li>
<li><b>Blackstone and Google's $5 billion joi=
nt venture goes beyond data centers</b>=E2=80=94it's a bet that chips, powe=
r and compute contracts can be financed like infrastructure, marking a new =
frontier for PE in the AI boom. <a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWk-2=
Bx5hR7wwewBnHoZCX-2FZAeP0w2xq2C1Y-2FyRjE4EweaA-3D-3DJT54_Pr966knuaHmaw6c7pK=
vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRGZ8A0sDasMDtlegSvHt-2B1K0=
kVdIjX5JKzOjZkgMdSze0FsOnlvLsOXwXm11Pe9qOzAgWZR6AJtht6zhLe4nP9tw3wfpw5lRwcr=
dXwt6FgTYZeclcg0ZPFoAuFakYxeMxYw4e-2BmMs-2FEE-2FZ4lRnIgURtobmfsyWAqYQUFdAxO=
-2FjyvmwkY8JCmXxPbbu8Ks1LkQwkx3Myzw5hN3-2BF5o3SDc8PbDKJjdwRXBpn5Y4r1sMUt8tB=
7XNMqsDhqeUNlG5UtCMDzZr6JWQdViKW27Rhtauy5Z72EaB1WJ7Nsq0-2FMieQOSmqiXEqrZlK6=
9OOJYcHBI-2BIOida3xNKGHqLoakrIkNSLg3BizYXrEPXlZ5QyohuMJNrUD5gABd2tc9OVRaMid=
2SD-2FY-2FxF6NbKRfQqMA0uM4nR5UyYALq1Dr-2BOVwwTn7ID3q526PP2BC5IuxEZ58-2FZD19=
ihnRPiScbkr0mDVDr4UPveG2VOs9-2BBHuQBNwXjl9fGo0lVY8SZTsv7H0f26pc" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true"><b>Read more</b></a></li>
</ul></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<center>
<h2><b>Quote/Unquote</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=9CIf you compare xAI to a traditional SaaS company, the financials look re=
ckless. The =E2=80=98insanity=E2=80=99 isn=E2=80=99t in the spending but th=
e bet that by the time other firms get their GPU clusters online, xAI will =
have already moved the goalposts toward autonomous physical agents. If that=
payoff happens, the $1B+ per month burn will be viewed as a bargain. If it=
doesn=E2=80=99t, we are looking at the largest venture-funded correction i=
n history.=E2=80=9D<br><br>
=E2=80=94Harrison Rolfes, a senior research =
analyst at PitchBook who covers the major AI frontier labs, speaking about =
the financials of Elon Musk's xAI. To see what else the SpaceX S-1 filing r=
eveals about the Grok maker's accelerating losses, <a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzV0do3A-2FblaN2vaN0L08JFnQc4gBHfDU4IYZHIPh0JEMw-3D-3DVd_1_Pr9=
66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRGZ8A0sDasM=
DtlegSvHt-2B1K0kVdIjX5JKzOjZkgMdSze0FsOnlvLsOXwXm11Pe9qOzAgWZR6AJtht6zhLe4n=
P9tw3wfpw5lRwcrdXwt6FgTYZeclcg0ZPFoAuFakYxeMxYw4e-2BmMs-2FEE-2FZ4lRnIgURtob=
mfsyWAqYQUFdAxO-2FjyvmwkY8JCmXxPbbu8Ks1LkQwkx3Myzw5hN3-2BF5o3SDc8PbDKJjdwRX=
Bpn5Y4r1sMUtPqx7LtSM52gDJD-2B5Jk37GnXHNWRkWWf4pehAB4F-2F9KCnC33vOeQWCGftTIU=
zcFdVI-2Fks92AgTM0PRIsLHKEkWCY5K-2F-2B1u7EAv7F5gduxFE6X6X54BDzqBbGDR1Eqwa0f=
XUDKYIR02RfWs-2FoU8b5AlByM-2BkGLpIruKfTk90SeGULfLEYDU0lgvP1qaXWgiFEtI6gRD6x=
FIutKNU-2FY6DsQnMlusgTJQqJdt90udRa3m0eSQzUxaLduICYwRUVc5jcAU7QCjyK7X5EielB-=
2BMeRk-2F" style=3D"color: #1D5080;" test=3D"" universal=3D"true">read more=
here</a>.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<center>
<h2><b>Trivia</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
<tbody>
<tr>
<td valign=3D"top">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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<tr>
<td align=3D"center">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
">
<tbody>
<tr>
<td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV0do3A-2FblaN2vaN0L08JFncuvCD1Y=
FzxVWnKBMPC7tMQ-3D-3DWhra_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRGZ8A0sDasMDtlegSvHt-2B1K0kVdIjX5JKzOjZkgMdSze0FsOnlvLsOX=
wXm11Pe9qOzAgWZR6AJtht6zhLe4nP9tw3wfpw5lRwcrdXwt6FgTYZeclcg0ZPFoAuFakYxeMxY=
w4e-2BmMs-2FEE-2FZ4lRnIgURtobmfsyWAqYQUFdAxO-2FjyvmwkY8JCmXxPbbu8Ks1LkQwkx3=
Myzw5hN3-2BF5o3SDc8PbDKJjdwRXBpn5Y4r1sMUuT0xc-2F6ZTgKdoG6uCIcm7FOZYU-2BtzO1=
e3IDCOoioDHFBV-2FhAPoVpwcXHls4NwCcYxiOz-2FHljGMgIx7FZkyrTWcqR888ymFNtFZKIA7=
QUQPhbx7WzL-2FjjSQ6MpJ1qj-2Bf9huVVQVLghaejiEVEh3IRmubVIQLBKo1mBCUznKowzFV8H=
VIC7LhuSi0yG-2FQUkgnutE7VumiwWFLWO5RMjWdyRIQNJ8Dk0QvR6zbXEWKyXZRGQe8i0NaNL4=
aAiYBSrV4ovHDUTWK78H-2BL1XcXL7QWTi" universal=3D"true"> <img align=3D"cente=
r" alt=3D"" src=3D"https://img.pitchbook.com/news/74446.jpg" style=3D"borde=
r: none; width: 100%; height: auto;"> </a></td>
</tr>
<tr>
<td align=3D"right" style=3D"text-align: righ=
t; font-size: 10px; line-height: 27px; padding-bottom: 8px; color: #78766F;=
font-family: Roboto, Arial, sans-serif; font-weight: 300">(Stas-Bejsov/Get=
ty Images)</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Answer=
: C<br><br>
Our latest data shows that startup valuation=
s in Europe are continuing their upward trajectory. The total number of Eur=
opean soonicorns now sits at 173, supporting a unicorn market that has surp=
assed =E2=82=AC500 billion. Read more in our <a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzV0do3A-2FblaN2vaN0L08JFnhUCCIg8qpwyP9Jf8G3k8vA-3D-3DAqxV_Pr966knua=
Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRGZ8A0sDasMDtlegS=
vHt-2B1K0kVdIjX5JKzOjZkgMdSze0FsOnlvLsOXwXm11Pe9qOzAgWZR6AJtht6zhLe4nP9tw3w=
fpw5lRwcrdXwt6FgTYZeclcg0ZPFoAuFakYxeMxYw4e-2BmMs-2FEE-2FZ4lRnIgURtobmfsyWA=
qYQUFdAxO-2FjyvmwkY8JCmXxPbbu8Ks1LkQwkx3Myzw5hN3-2BF5o3SDc8PbDKJjdwRXBpn5Y4=
r1sMUv1tbtbcZg2-2FvN1L46ER9GVpmYkFAvn0fQuv1PglwHIQNzMlNL7PS91G8Iu01DbzyUABp=
u4xI2K03LN30CzyMJjRb-2FrtVgUprFLBmxMrsZ3wv6sn9VxDBsf2-2FDMNftRq1dvK-2B5JAW9=
b7Qn9uKKdy8tIHwukn-2FEoKm-2FU5IEF9KpOra4WIcssFUmyO7u2E4HJJMTnzyvmtgK0xYf9Xa=
U2NeIZFf5CJB-2FTzyR3tVxGlfqhpb0IJkOr6JSldEPU3SfEcn5IHGMtPDsvN0S0V-2BbCbzNH"=
style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Q1 2026 European=
VC Valuations Report</b></a>.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
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ng=3D"0" style=3D"width: 100%; min-width: 100%;
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border-bottom: 1px=
solid #C3C3C3;
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">
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<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">This e=
dition of The Weekend Pitch was written by Jacob Robbins and Nadine Manske.=
It was edited by Kia Kokalitcheva and Nadine Manske.<br><br><em>Were you f=
orwarded The Weekend Pitch? Sign up at <b><a href=3D"https://url6380.news.p=
itchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzV0do3A-2FblaN2vaN0L08JFnGd7ZnX2t1RmvxjO1SB702Q-3D-3DEGVq_Pr966knuaHmaw6c7=
pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRGZ8A0sDasMDtlegSvHt-2B1=
K0kVdIjX5JKzOjZkgMdSze0FsOnlvLsOXwXm11Pe9qOzAgWZR6AJtht6zhLe4nP9tw3wfpw5lRw=
crdXwt6FgTYZeclcg0ZPFoAuFakYxeMxYw4e-2BmMs-2FEE-2FZ4lRnIgURtobmfsyWAqYQUFdA=
xO-2FjyvmwkY8JCmXxPbbu8Ks1LkQwkx3Myzw5hN3-2BF5o3SDc8PbDKJjdwRXBpn5Y4r1sMUvL=
9tpU2Hoy2d-2F0QYyyS1R-2BTymPJPK1BCqq2VbG-2B9fVhHcMWVC-2FPR0vHLVlw4MNMbo6dtm=
PRslAAsDYsKjpqHFW-2BljPaoatNEF7GUJZmL6xJF3DJ91bg-2BDVqoG55Lr2jgSvJiju7FlizJ=
3DfDtBN-2F7Gxy5XGRcf8hAj7toZkKArZD6IL-2FaMEqHZTUAo4MPBp6LetLu4SfzHkK5v7Qp1z=
tAEaGpY6tCSzQ-2BRj8vI0gBw8rmgZjAoAjUBAkYWRqJpdOtLfNAxZ-2BPZLWlnhYcurlDr" st=
yle=3D"color: #1D5080;" test=3D"">pitchbook.com/subscribe</a></b>.</em></td=
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<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>A message from mogul</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_581117" id=3D"n_581117" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
<table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
<tbody>
<tr>
<td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
font-weight=
: 500; font-size: 20px; line-height: 26px;"> Tim Draper bought 30K BTC at $=
632. Now he=E2=80=99s betting on rentals. </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" lang=3D"x-image">
<tbody>
<tr>
<td align=3D"right">
<table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" style=3D"float: none;
padding-left: 15px; ">
<tbody>
<tr>
<td align=3D"right" style=3D"text-align: righ=
t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWk-2Bx5hR7wwewBnHoZCX-2FZA8xqXP7y0Ufh=
Rg8qAuT5XcA-3D-3DMHjC_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43=
kbMcVf8UYA68NVRGZ8A0sDasMDtlegSvHt-2B1K0kVdIjX5JKzOjZkgMdSze0FsOnlvLsOXwXm1=
1Pe9qOzAgWZR6AJtht6zhLe4nP9tw3wfpw5lRwcrdXwt6FgTYZeclcg0ZPFoAuFakYxeMxYw4e-=
2BmMs-2FEE-2FZ4lRnIgURtobmfsyWAqYQUFdAxO-2FjyvmwkY8JCmXxPbbu8Ks1LkQwkx3Myzw=
5hN3-2BF5o3SDc8PbDKJjdwRXBpn5Y4r1sMUuLsCsrhDknevh3mwhtQP-2FYe6Ry6CAZlbvcQXr=
uXstLYkCjBs1dJVZePxYbi94vqHhhxc0HMqetEmnEdbw2S35FNcXx3-2FqJtRAStB4SCstjWek1=
NWJGtWv7Blormz9KEj3uOhg9OSvSSMvbXJNCef-2BG0WuwjJPE2AIBW2b6frvjQdyHs4A5nMdrY=
5C8gcjxCWTar62fpneZXNLVGcQ4liCt-2FY-2FcBrb7EISCoKso3vfXtC6qUVzsHeKyJIsD9Ia5=
QlONFGf-2BpENHY6qhp1qskIbh"> <img align=3D"center" alt=3D"" src=3D"https://=
img.pitchbook.com/news/74464.png" style=3D"border: none; width: 100%; heigh=
t: auto;"> </a></td>
</tr>
<tr>
<td style=3D"height: 20px; line-height: 20px"=
> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>Tim Draper bought 29,656 BTC at $632 =
in 2014.<sup style=3D"font-size:xx-small">1</sup> They trade around 100x to=
day. His next bet: mogul, the fractional single-family rental platform buil=
t by ex-Goldman Sachs bankers who took Goldman's institutional SFR program =
from $0 to $1B in under 12 months. Draper invested twice and called it "Car=
ta for stocks is very much like mogul for real estate." <sup style=3D"font-=
size:xx-small">2</sup> <a href=3D"https://url6380.news.pitchbook.com/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWk-2Bx5hR7wwewBnH=
oZCX-2FZA8xqXP7y0UfhRg8qAuT5XcA-3D-3DH8Kq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uwl=
JYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRGZ8A0sDasMDtlegSvHt-2B1K0kVdIjX5JKzOjZkg=
MdSze0FsOnlvLsOXwXm11Pe9qOzAgWZR6AJtht6zhLe4nP9tw3wfpw5lRwcrdXwt6FgTYZeclcg=
0ZPFoAuFakYxeMxYw4e-2BmMs-2FEE-2FZ4lRnIgURtobmfsyWAqYQUFdAxO-2FjyvmwkY8JCmX=
xPbbu8Ks1LkQwkx3Myzw5hN3-2BF5o3SDc8PbDKJjdwRXBpn5Y4r1sMUskVyd6-2FboEz5pxTk0=
3DS3p9i1BqWQsMnXSP926QYldqOn-2BiZaquTRkkeUoZq9boSFuNQr8UvDWNqFPqu8EVITX-2FX=
7Aac-2FX1F-2F7y1UjkQVCBdcYgTuLV3qbJuV0V-2BqiliJo-2BcKRaYKHDmF-2BkLupcL4kzEi=
3Sm8upjSVmuxUSZ1YQa252W3NVwov-2FznVeoqN8O2I-2F7Sl1xaHiSYiZPYvGGPmC9tosaILqI=
CBg7Sx277wdw6iT-2FHdhWkRaIAG8g56Wwe-2BstbEXJGQ0RKImEQTPloT" style=3D"color:=
#1D5080;" test=3D"">Take the same trade.</a><br><br>
What you get:<br>
=E2=97=8F Personal access to the institution=
al SFR trade.<br>
=E2=97=8F 18% historical portfolio average. =
Roughly 3x higher than competitors.<br>
=E2=97=8F K-1 with pro-rata depreciation pas=
s-through at the LLC level.<br>
=E2=97=8F Per-property LLC outside H.R. 6644=
's pending institutional ownership cap.<br><br>
Offerings can sell out in hours. <a href=3D"=
https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzWk-2Bx5hR7wwewBnHoZCX-2FZA8xqXP7y0UfhRg8qAuT5XcA-3D=
-3DNx7i_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV=
RGZ8A0sDasMDtlegSvHt-2B1K0kVdIjX5JKzOjZkgMdSze0FsOnlvLsOXwXm11Pe9qOzAgWZR6A=
Jtht6zhLe4nP9tw3wfpw5lRwcrdXwt6FgTYZeclcg0ZPFoAuFakYxeMxYw4e-2BmMs-2FEE-2FZ=
4lRnIgURtobmfsyWAqYQUFdAxO-2FjyvmwkY8JCmXxPbbu8Ks1LkQwkx3Myzw5hN3-2BF5o3SDc=
8PbDKJjdwRXBpn5Y4r1sMUti8xdj7ZB-2BwWkiKGkO5NUuDmkVG15z-2BRz94L5E7S1rKQYbZoS=
Z-2FqJ9B-2BiblBUyL2D0tTflJ8THX0mEiPosWjQH4u9vUvljuWv6WBsBNVKjCHK5nsnMSvFI-2=
BstHYCHmJoEfQeSA2dzstyoXFWl-2B3Cl4UX1hlmmfs7md4AGrmuc2zK4EZ9CO-2B2L-2BZOv81=
uBudZ6u6Fed371m8oKWU3sKZdoZM733GBeG9WzNRDwjAALFPS2B1i0kvtTa0mUycbKwOe9eefMH=
L14yqFm8qKYseimR" style=3D"color: #1D5080;" test=3D"">Pitchbook subscribers=
can get priority access to the portfolio with this private link.</a><br><b=
r><small><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV0do3A-2FblaN2vaN0L08JFn-2FbN3M=
F-2F0-2FOOk0iz2NnPsIg-3D-3DEG_L_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B=
HR4BiQVI43kbMcVf8UYA68NVRGZ8A0sDasMDtlegSvHt-2B1K0kVdIjX5JKzOjZkgMdSze0FsOn=
lvLsOXwXm11Pe9qOzAgWZR6AJtht6zhLe4nP9tw3wfpw5lRwcrdXwt6FgTYZeclcg0ZPFoAuFak=
YxeMxYw4e-2BmMs-2FEE-2FZ4lRnIgURtobmfsyWAqYQUFdAxO-2FjyvmwkY8JCmXxPbbu8Ks1L=
kQwkx3Myzw5hN3-2BF5o3SDc8PbDKJjdwRXBpn5Y4r1sMUtDZYCIiY2BYHUel-2FXEhvuqbUIlH=
AYzb7u0KZ8lUPliuoIH2C7T5nBzEemqD99cUoQ6k7Fg-2FoMwSALVG9QJOqUnsPItFPrsC8nimZ=
DMBT9uxB-2BLZ2tSSpUOzPNuXBhu81UyIw1NIYgDKtRH3lBflSSoJksWzXOAp6-2Fvn3JoCbdgc=
hF3gMSN4lwfMlT76jSmo8HzleFbv4w5LUHFNwgOqAvMwp-2FAwkX6OIZq4erX9p8bn8tO0JyfUQ=
Lyje07PYq8V95-2Ba9JpNdXscXfXdWbmFz-2BD" style=3D"color: #1D5080;" test=3D""=
>See Important Disclaimers</a></small><br><br><a href=3D"https://url6380.ne=
ws.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzV0do3A-2FblaN2vaN0L08JFnT7h8-2BzL9ZpQYmS-2BWPwzJ6w-3D-3DpAXX_Pr966knu=
aHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRGZ8A0sDasMDtleg=
SvHt-2B1K0kVdIjX5JKzOjZkgMdSze0FsOnlvLsOXwXm11Pe9qOzAgWZR6AJtht6zhLe4nP9tw3=
wfpw5lRwcrdXwt6FgTYZeclcg0ZPFoAuFakYxeMxYw4e-2BmMs-2FEE-2FZ4lRnIgURtobmfsyW=
AqYQUFdAxO-2FjyvmwkY8JCmXxPbbu8Ks1LkQwkx3Myzw5hN3-2BF5o3SDc8PbDKJjdwRXBpn5Y=
4r1sMUuSlGvhsIQ2f1scLpo48neepJ-2FB8LfahIScejbuAyIoff5ETJWRA4VKYcMmekAAvJh2Q=
E9wrMLNxJX9AmUNvheHOnhZPgL49V-2FUdOJvD1ljypyUv11HrYoy6xmuPtTZqTKE3nFqXgodHS=
a8faFPh8iNYiv-2B3-2Bbx8l-2ByJkSKH5fChssJoUCJXA9nhbKEWD1GGAaB-2Bh9hsnGxadQHg=
5UUA7OvpgmVs4-2B7dMnKG8WGAn-2FxrPyh-2BF5X0lmfRMAH2xNwM1gY3JddFzfpzPOpAbMz-2=
BJ0l" style=3D"color: #1D5080;" test=3D""><small>1: "Tim Draper Forbes Prof=
ile," Forbes, Last Updated March 10, 2026.</small></a> <a href=3D"https://u=
rl6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzV0do3A-2FblaN2vaN0L08JFnyT2V8fImD24d2TwPFGBjIg-3D-3D6O2O_Pr9=
66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRGZ8A0sDasM=
DtlegSvHt-2B1K0kVdIjX5JKzOjZkgMdSze0FsOnlvLsOXwXm11Pe9qOzAgWZR6AJtht6zhLe4n=
P9tw3wfpw5lRwcrdXwt6FgTYZeclcg0ZPFoAuFakYxeMxYw4e-2BmMs-2FEE-2FZ4lRnIgURtob=
mfsyWAqYQUFdAxO-2FjyvmwkY8JCmXxPbbu8Ks1LkQwkx3Myzw5hN3-2BF5o3SDc8PbDKJjdwRX=
Bpn5Y4r1sMUvMwlV2-2BFtexQIMUedfW9Pwo9zH7ux8lFdtFpyJURwxDUU9SsmzILREG31I11xI=
g1TNW96QDJP-2FqCS5cuiFT-2Ft3fO3mugBAx0EkZE7yj985nKjx4uwuhXRYJ6zakhUwdLmbNlv=
axdUKhJmyG9p-2BwpNJ81HHz-2BZETUlPHDu8UHrpHsN-2By2HtiKq6gAjwx7e8C9E5itCWNbm1=
HdFE3-2F3sDr6Se8-2FrYyWVYxe8-2FtAovi9eXdvxgeiJMNnF3tYSHwjl0svhauAalHFD49gn-=
2FC6EMBXE" style=3D"color: #1D5080;" test=3D""><small>2: "mogul club raises=
$3.6M toward its effort to make real estate investing more accessible," Te=
chCrunch, Mary Ann Azevedo, November 8, 2023.</small></a></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
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</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td>
<table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 5px; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td align=3D"center" style=3D"font-family: Roboto,=
Arial, sans-serif; font-weight: 700;
font-size: 14px; line-height: 27px;=
color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr=
ap;">Since yesterday, the PitchBook Platform added:</td>
</tr>
<tr>
<td>
<table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
<tbody>
<tr>
<td style=3D"display: inline-block; width: 25%=
; min-width: 25%;
text-align: center; flo=
at: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
28
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
Deals
</div></td>
<td style=3D"display: inline-block; min-width:=
25%;
width: 25%; text-align:=
center; float: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
139
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
People
</div></td>
<td style=3D"display: inline-block; width: 25%=
;
min-width: 25%; text-al=
ign: center; float: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
60
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
Companies
</div></td>
<td style=3D"display: inline-block; width: 25%=
;
min-width: 25%; text-al=
ign: center; float: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
1
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
Funds
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