Zuckerberg Stays Winning

Threads on healthy trajectory according to Zuck

Notion is live now @ $22.22 per share!

Check it out here and place your bid to get involved.

Closing on Tuesday, October 31st at Noon PST… Spooky!

We cannot believe anyone bet against Zuck. Such an incredibly rookie move on their part and they should apologize (we did). Does the world need another social media app or basically anything new that combines infinite scrolling with algorithmically suggested content? Probably not. Is that going to keep Threads from flourishing? Over Mark Zuckerberg’s (surprisingly fit) dead body.

Zuckerberg says Threads has almost 100 million monthly users 
Watch out, Elon: ‘I’ve thought for a long time there should be a billion-person public conversations app that is a bit more positive,’ says Meta’s CEO. - The Verge

Meta Reports Third Quarter 2023 Results 
"I'm proud of the work our teams have done to advance AI and mixed reality with the launch of Quest 3, Ray-Ban Meta smart glasses, and our AI studio." - Meta Investor Relations

X's tumultuous first year under Elon Musk 
Mobile DAUs down 16% from October 2022 to September 2023, app downloads drop after rebrand, and investor markdowns. - WSJ

OpenAI forms team to study ‘catastrophic’ AI risks, including nuclear threats
Preparedness’ chief responsibilities will be tracking, forecasting and protecting against the dangers of future AI systems. - TechCrunch

SpaceX Signs Deal to Launch Key European Satellites
Set to blast as many as four of Europe’s flagship Galileo satellites into orbit next year amid delays for rival local rockets - WSJ

Mercury Founder Spotlight - Episode 4: Helen Mayer
Helen Mayer never planned to start a company, she just wanted to help people — and yet today she’s a Sequoia-backed founder working to improve the childcare ecosystem in the U.S. - Mercury

First Block by Notion: Interview with Parker Conrad, Co-Founder & CEO of Rippling
In our first episode, we spoke with Parker Conrad, Co-founder and CEO of Rippling. Parker shared insights from all of his experience — the highs, lows, and everything in between. - Notion

Are there certain companies you want to hear about or get access to more than others? Check out our new upvoting page here to let us know!

Twice a year Carta puts out their “Liquidity Report” with some great data surrounding the secondaries market. Here’s a highlight that helps unpack the chart above:

The combined value of liquidity programs on Carta was $377 million during H1. That’s the slowest half-year for secondary activity so far this decade, even though the quantity of deals that took place was much lower in 2020. This means that deals are getting smaller: The mean size of a liquidity transaction in H1 2023 was about $12.2 million, compared to $25.3 million in H1 2022 and $35.5 million in H1 2020.

However, the value of liquidity programs on Carta increased by 69% from Q1 to Q2, and the average deal size grew 39% bigger. Since then, buyers and sellers have been more eager to transact and more likely to do larger deals.

Notion offers a unified workspace that includes wikis, docs, and tasks. It serves as an all-in-one workspace for note-taking, task management, and project management. They have raised over $250M from investors like Coatue, Index Ventures, and Sequoia. We use Notion here at Sandhill and you might even use it yourself.

Notion has been very hard to come by in the world of secondaries and we’re proud to be able to offer it to Sandhill investors!

You do not need to be a Sandhill member to participate. All accredited investors are welcome.

The auction will close this coming Tuesday (October 31st) at Noon PST and we will start our live stream at 11am PST. Last time our Epic Games auction went 45 minutes into overtime… Don’t miss the action!

Not quite sure what Notion is or why you might want to bid?

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