ChatGPT Learns, Figma Earns

LFG Ventures presents a weekly newsletter delivering private market (pre-IPO) insights and signals across tech and frontier industries.

Hi Friends,

This week’s radar is stacked with signs that momentum is building across AI, IPOs, and frontier tech. OpenAI makes a play for academia with Study Mode. Anthropic inches closer to OpenAI’s valuation with a $170B raise. Firefly preps for liftoff with a $5.5B IPO. Neuralink implants its ninth participant. And Figma’s blockbuster IPO sends a strong signal to sidelined tech companies that public markets are waking up.

Let’s get into it.

📡 Radar

📚 Study Mode Unlocked

A new feature designed for students, researchers, and independent learners, Study Mode shortens responses and includes real-time citations. It’s a big move toward making ChatGPT a trusted academic tool. OpenAI

🚀 Firefly Aerospace targets $5.5B IPO

Private equity-backed Firefly is preparing to go public amid a wave of investor interest in space tech. With launch capabilities and military contracts, it’s aiming to become a key player in the orbital race. Pitchbook

👀 Anthropic Eyes $170b

We previously shared Anthropic was raising at around $150B, but the latest reports point closer to $170B, just months after its last round. The AI capital war is accelerating fast and Anthropic is gunning for OpenAI-level territory and valuation. CNBC

🧬 Nine Lives for Neuralink

Elon’s brain-computer interface startup is progressing through its human trials, with nine participants now implanted. The latest patient is reportedly recovering well and actively participating in neural tests. Euronews

📈 Figma IPO Hits $45B Market Cap

Figma’s public debut was a blowout, instantly hitting a $45 billion market cap and signaling strong investor appetite for design forward, product led growth stories. Adobe’s failed $20B acquisition is now ancient history. This is Figma’s victory lap and a bullish signal for the broader IPO market as tech listings begin to thaw. Techcrunch

💬 Prompt

Where should we begin?

Explain the difference between AGI, LLMs, and machine learning to a smart 8th grader using metaphors.

📣 Updates

📈 Elon’s Private Market

We have exposure to all but Boring Co, but we are actively working on changing that. Let us know by responding to this email if you are interested.

🌙 To The Moon

🚀 Automate With AI

Super deep dive on how to automate workflows using AI.

🧠 Wisdom

👁️‍🗨️ Munger Gets It

Vibes and Values must be aligned.

Have a great weekend!

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