Fascinating breakdown. The Millennium stake sale does feel less like a top-tick call and more like an internal valuation event to institutionalize succession and incentivize senior leadership—especially in light of Izzy's net worth and the non-material size of the divestment.
This is going to be a weird one, are you ready for it?
Considering the billion-dollar valuations of AI startups that have a dozen data scientists, assuming Millenium has a hundred (maybe?) data scientists, shouldn't they try to anchor their valuation to that game?
"we're not a hedge fund; we're an AI company that deals with financial data"
Fascinating breakdown. The Millennium stake sale does feel less like a top-tick call and more like an internal valuation event to institutionalize succession and incentivize senior leadership—especially in light of Izzy's net worth and the non-material size of the divestment.
This is going to be a weird one, are you ready for it?
Considering the billion-dollar valuations of AI startups that have a dozen data scientists, assuming Millenium has a hundred (maybe?) data scientists, shouldn't they try to anchor their valuation to that game?
"we're not a hedge fund; we're an AI company that deals with financial data"
Aren’t we all Ai companies 😂 but yeah Citadel and Millennium have better tech and data than 90% of “AI companies”
Yeah somehow that $14bn feels underwhelming compared to all the "AI company"