Congratulations to @SpaceX (Nasdaq:SPCX) on its IPO 🚀 Wishing the SpaceX team continued success in the public markets!

The power of secondary markets, visualized.  As companies stay private longer, a significant amount of value creation happens before the opening bell (Source: Apollo). Case in point: Cerebras Systems. Our data shows that EquityZen investors paid an average net price per share of $32.94. At an IPO price of $185, that translates to a 5.62x return multiple. Curious about the institutional giants and early-stage investors who helped build Cerebras into the AI chip contender it is today? We mapped it all out on the blog. Read the full analysis here: hubs.la/Q04l2wy40 (hubs.la/Q04l2wy40) This is not intended to predict or project the performance of Cerebras Systems Inc. Not all pre-IPO companies will go public or be acquired, and not all IPOs or acquisitions are or will become successful investments. There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns.

From a 2016 Series A to an exciting public market debut.   Cerebras Systems’ IPO has delivered notable returns to its earliest backers, including Fidelity, Benchmark, and Foundation Capital. Curious to see exactly who owns what? Check out our full breakdown of the top shareholders and IPO values 🔗👇 hubs.ly/Q04kJbf_0 This is not intended to predict or project the performance of Cerebras Systems Inc. Not all pre-IPO companies will go public or be acquired, and not all IPOs or acquisitions are or will become successful investments. There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns.

From the red carpet to the cap table… 💎✨ The May edition of #MonthlyMovers is officially live, spotlighting the private companies that served the most significant surges in investor demand this past month. Forget the steps of the Met; these were the names that dominated investor watchlists in May. 🥇 ClickHouse  🥈 Form Energy 🥉 Isomorphic Labs  ⭐ Vectra AI ⭐ Skyroot Aerospace ⭐ Divergent 3D  ⭐ Tenstorrent  ⭐ Altos Labs ⭐ Physical Intelligence  ⭐ Blue Origin Who gets your vote for "Best Dressed" in the market right now? Let us know below. 👇 There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and hubs.la/Q04ksfZx0 information is intended for informational purposes only and does not constitute a recommendation or personal financial advice. Use of this information is at the user's discretion and risk. All company names and logos are trademarks or registered trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

The software-as-a-service (SaaS) playbook is being rewritten 💻 For a decade, private tech investing chased capital-light software with sky-high margins. But the rise of Generative AI is shifting unit economics and compressing traditional software multiples. The response we’re seeing from our investors?  Re-architecting portfolios around a new framework: #HALO (Heavy Assets, Low Obsolescence). 🏗️⚡ The private tech market is rapidly transitioning into a physical, energy-intensive industrial race. Investors remain highly selective, demanding discounts for legacy software while assigning premium valuations to physical infrastructure, AI hardware, defense tech, and energy supply chains. From data center innovators like Crusoe Energy and Lambda, to next-gen silicon pioneers like Etched and d-Matrix, the big opportunities are no longer just pure software plays. They are anchored in real-world infrastructure that AI cannot automate away. Want to see how the private market leaderboard is reshuffling and how investors are navigating HALO opportunities? 👇 Read our full analysis on the EquityZen blog: ezen.fyi/3RP39GD Not all pre-IPO companies will go public or be acquired, and not all IPOs or acquisitions are or will become successful investments. There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns. Investors must be able to afford the loss of their entire investment.

"It’s time to show that this business can go from millions in revenue to $5 billion in revenue." EquityZen Co-Founder and Managing Director Phil Haslett highlights a massive question looming over the tech sector: Can AI companies deliver the massive revenue expectations underwritten by investors, or are we seeing a replay of the 100x revenue multiples of 2021? While AI growth has been uniquely explosive, a hyper-competitive market means we’re about to see a handful of massive winners…and some flameouts. What’s your take? Is this AI growth sustainable, or are valuations getting ahead of reality? Let us know below! 👇 Catch the full breakdown of Q1 2026 private market investment trends here: hubs.la/Q04hKSwQ0 Not all pre-IPO companies will go public or be acquired, and not all IPOs or acquisitions are or will become successful investments. There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns.

From a Series A in 2016, which valued the company at $62.5M, to a Series H in 2026, which valued the company at $23B, Cerebras Systems' private market journey spans a decade of venture rounds. Our latest blog breaks down the company’s capitalization table, looking at historical valuations and return multiples relative to its $185/share IPO price. Read the full analysis: hubs.la/Q04hKzbP0 This is not intended to predict or project the performance of Cerebras Systems Inc. Not all pre-IPO companies will go public or be acquired, and not all IPOs or acquisitions are or will become successful investments. There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns.

"Flight to quality" is redefining the private markets. ✈️💼 With 30 private companies now worth over $20B, the late-stage universe is bigger than ever. EquityZen Co-Founder and Managing Director Phil Haslett explains why investors are favoring mega-cap stability over $1B–$10B companies in the current market. Read EquityZen’s Q1 2026 Private Company Investment Trends report here: hubs.ly/Q04hKxG80 #PrivateMarkets #VentureCapital #Investing #LateStage #MarketTrends #EquityZen The information is intended for reference only and does not constitute a recommendation or personal financial advice. Use of this information is at the user's discretion and risk.

Visualize $40B of pre-IPO market growth. 🤯The steepest part of that curve? The value unlocked over the last two years. From Cerebras’ founding in 2015 to executing one of the most talked-about AI infrastructure IPOs: head to the link to see a full breakdown of the early investors and major shareholders who caught the pre-IPO wave ➡️ hubs.la/Q04hJc6m0 This is not intended to predict or project the performance of Cerebras Systems Inc. Not all pre-IPO companies will go public or be acquired, and not all IPOs or acquisitions are or will become successful investments. There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns

A huge thank you to the hundreds of Accredited Investors who joined our recent webinar with Georgia Edwards (AVP, Private Markets) and Brianne Lynch (Head of Market Insight)! We had a great time diving into key #PrivateMarkets insights and exploring how EquityZen’s tools can help you navigate the market. Want to stay informed? Join our community today: hubs.la/Q04hKd9f0 #PrivateMarkets #AlternativeInvesting #MarketInsights #EquityZen There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns.

In 1997, Amazon went public at a $500M valuation. Today, we’re seeing companies stay private until they hit $500B . 💡 The "Amazon Era" allowed everyday investors to ride the wave of hypergrowth in public markets. But as EquityZen Co-Founder and Managing Director Phil Haslett points out, the script has flipped. Unicorn companies are staying private longer, fueled by institutional capital, leaving retail investors on the sidelines. At EquityZen, we’re changing that narrative by opening the doors to private market opportunities that were once out of reach. Ready to bridge the gap? Check out our latest deep dive on the evolution of access: hubs.la/Q04hGv0J0 #PrivateMarkets #Investing #EquityZen #PreIPO #StockMarketHistory This is not intended to predict or project the performance of any company. Not all pre-IPO companies will go public or be acquired, and not all IPOs or acquisitions are or will become successful investments. There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns.

Prediction markets are transitioning from fringe betting to embedded financial infrastructure, with trading volumes projected to hit $1T by 2030 (CNBC). 🔮 But while retail demand is booming, automated HFT bots are capturing the lion's share of profits, leaving 69% of participants on platforms like Polymarket in the red (Bloomberg). 🤖📉 Instead of trying to out-trade the algorithms, smart capital is betting on the platforms themselves. Read Brianne Lynch’s deep dive into the mega-rounds, regulatory battles, and public incumbents shifting the landscape. Link in bio. Not all pre-IPO companies will go public or be acquired, and not all IPOs or acquisitions are or will become successful investments. There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns. This information is intended for reference only and does not constitute a recommendation or personal financial advice. Use of this information is at the user's discretion and risk.

Hunger for the heavyweights! 🍔 In Q1 2026, transactions in companies valued at $20B surged to 57% of all trades on the EquityZen platform, a major reversal from the recent trend of investing in younger startups. Two reasons why: 1️⃣ Decacorn valuations are the new normal. 2️⃣ Focus on near-term IPO contenders. Check out the full Private Company Investment Trends, Q1 2026 report hubs.la/Q04g-6rR0

Is hardware back? ⚡️ In Q1 2026, Industrials and Hard Tech led private market valuations on the EquityZen platform, while 100% of Enterprise SaaS and FinTech companies traded at a discount. Investors are paying for infrastructure, AI, and energy. See the full breakdown: hubs.la/Q04gPNwr0 #Investing #PrivateMarkets #FinTech #SaaS

The hunt is over… and the results are golden. 🐣✨ The April edition of #MonthlyMovers is live, spotlighting the private companies that saw the largest surge in investor demand this past month. From established heavyweights to emerging names finally breaking out of their shells, these were the rising companies added to investor watchlists as spring hit its stride. 🥇 Span.IO 🥈 Substack 🥉 Divergent 3D ⭐ Legora ⭐ Altos Labs ⭐ Skyroot Aerospace ⭐ Isomorphic Labs ⭐ Chainalysis ⭐ Fluidstack ⭐ Physical Intelligence There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns. This information is intended for informational purposes only and does not constitute a recommendation or personal financial advice. Use of this information is at the user's discretion and risk. All company names and logos are trademarks or registered trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Private Markets: The "Illiquid Bucket" in Your Portfolio 🪣 Are you looking to foray into private markets but aren't sure where to start? In this clip, EquityZen’s Phil Haslett breaks down the mental framework investors need when choosing between evergreen funds and SPVs. Key takeaways: ✅ Liquidity matters: Treat private investments as the "illiquid bucket" of your investment allocation. This is a long-term play, not a replacement for public equities. ✅ Capture growth early: With companies staying private longer, the "Amazon-level" growth is happening before the IPO. ✅ Due diligence is non-negotiable: If an SPV deal looks too good to be true, it probably is. Read the full breakdown on the evolution of private market access here: 🔗 hubs.la/Q04g5MZG0 This information is intended for reference only and does not constitute a recommendation or personal financial advice. There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns. Investors must be able to afford the loss of their entire investment.

Don’t let the excitement of a private market opportunity cloud your due diligence. 🧠 As EquityZen Head of Market Insight Bri Lynch explains, when a market grows, new players rush in. But not all structures are created equal. Between GP pedigree and "hidden" layers of fees, your break-even point might be much higher than you realize. If the company last raised at $20/share, but fees push your entry to $30/share, that’s a massive hurdle to clear before you even see a profit. 📊 At EquityZen, we believe transparency is the foundation of a smart investment. Learn how to navigate these structures in our latest guide: 👉 hubs.la/Q04fYLRd0 #DueDiligence #PrivateEquity #InvestingTips #EquityZen #AlternativeAssets This information is intended for reference only and does not constitute a recommendation or personal financial advice. Use of this information is at the user's discretion and risk.