Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>The launch of ChatGPT in November 2022 decimated Jasper and Copy.ai’s prosumer and SMB businesses, with revenue going flat/into decline as customers replaced their $50/month subscriptions to Jasper/Copy.ai with free and $20/mo premium subscriptions to ChatGPT.</li><li>With its 32K token context window and superiority on reasoning tasks, the launch of GPT-4 in March 2023 enabled AI writing tools to re-position as enterprise solutions that could orchestrate complex, multi-tool workflows.</li><li>For these companies where revenue might have been flat-to-down during 2023, the faster they can shift the underlying revenue towards low-churn enterprise revenue, the faster that growth will re-accelerate.</li></ul>

The launch of ChatGPT in November 2022 decimated Jasper and Copy.ai’s prosumer and SMB businesses, with revenue going flat/into decline as customers replaced their $50/month subscriptions to Jasper/Copy.ai with free and $20/mo premium subscriptions to ChatGPT.With its 32K token context window and superiority on reasoning tasks, the launch of GPT-4 in March 2023 enabled AI writing tools to re-position as enterprise solutions that could orchestrate complex, multi-tool workflows.For these companies where revenue might have been flat-to-down during 2023, the faster they can shift the underlying revenue towards low-churn enterprise revenue, the faster that growth will re-accelerate.

<ul><li>Today, a professional artist working in the film industry can save hours, even days of work, using Runway.</li><li>Runway is allowing professional teams to work together in ways that, beyond the AI components, were very hard to do a couple of years ago.</li><li>I think 2022 was an inflection point for Generative AI.</li></ul>

Today, a professional artist working in the film industry can save hours, even days of work, using Runway.Runway is allowing professional teams to work together in ways that, beyond the AI components, were very hard to do a couple of years ago.I think 2022 was an inflection point for Generative AI.

Cristóbal Valenzuela, CEO Of Runway, On The State Of Generative AI In Video

<ul><li>Jasper ($1.5B) reached $42.5M in ARR in the first 12 months of launch, growing 30% MoM—it’s expected to cross $75M in 2022.</li><li>Copy.ai (raised $14M) went from $2M ARR to $10M in 14 months growing 20% MoM over the last 6 months, and is projected to end 2022 at ~$11.6M ARR.</li><li>Building on their lead means staying ahead of rapid advances in foundational models from companies like OpenAI and Stability AI as GPT-3 gives way to GPT-4 and new use cases are unlocked at the foundational layer.</li></ul>

Jasper ($1.5B) reached $42.5M in ARR in the first 12 months of launch, growing 30% MoM—it’s expected to cross $75M in 2022.Copy.ai (raised $14M) went from $2M ARR to $10M in 14 months growing 20% MoM over the last 6 months, and is projected to end 2022 at ~$11.6M ARR.Building on their lead means staying ahead of rapid advances in foundational models from companies like OpenAI and Stability AI as GPT-3 gives way to GPT-4 and new use cases are unlocked at the foundational layer.

Jasper: The $72M ARR Google Suite Of Generative AI

<ul><li>Today, every company is a media company.</li><li>We are building the fastest video editing solution so you can make videos in the shortest amount of time possible.</li><li>We are on track to triple our revenue again this year and double the team by the end of 2022.</li></ul>

Today, every company is a media company.We are building the fastest video editing solution so you can make videos in the shortest amount of time possible.We are on track to triple our revenue again this year and double the team by the end of 2022.

Cristóbal Valenzuela, CEO Of Runway, On Rethinking The Primitives Of Video

<ul><li>Milk was meant to be a better video editing tool for businesses.</li><li>The reason that Loom is such a powerful tool is you just hit play, you do it, and then you&#39;re done.</li><li>Tools like Descript are a glimpse into what&#39;s possible, automating speech to text with word-by-word timestamps.</li></ul>

Milk was meant to be a better video editing tool for businesses.The reason that Loom is such a powerful tool is you just hit play, you do it, and then you&#39;re done.Tools like Descript are a glimpse into what&#39;s possible, automating speech to text with word-by-word timestamps.

Lenny Bogdonoff, co-founder And CTO Of Milk Video, On The Video Infrastructure Value Chain

United States

Web-based video editing software with AI tools for creators, marketers, and filmmakers

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Runway (RUNWAY US)

AI Writing Goes Enterprise

TL;DR: AI writing tools Jasper and Copy.ai saw their prosumer and SMB businesses decimated by the launch of ChatGPT. In response, they’re niching...

Sacra

Cristóbal Valenzuela, CEO Of Runway, On The State Of Generative AI In Video

Sacra interview with Cristóbal Valenzuela, the co-founder and CEO of Runway.

Sacra

Jasper: The $72M ARR Google Suite Of Generative AI

Generative AI copywriting apps Jasper ($72M ARR) and Copy.ai ($11M ARR) grew fast by productizing GPT-3 for marketers, but now they have...

Sacra

Cristóbal Valenzuela, CEO Of Runway, On Rethinking The Primitives Of Video

Sacra interview with Cristóbal Valenzuela, the co-founder and CEO of Runway.

Sacra

Lenny Bogdonoff, co-founder And CTO Of Milk Video, On The Video Infrastructure Value Chain

The Sacra expert interview with Milk Video co-founder and CTO Lenny Bogdonoff. We talked to Lenny about where value is likely to accrue in the...

Sacra

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