Over the last few months, I have received numerous questions asking why I don’t charge for the research I put out. My answer has always been the same:
Before I ask people to pay for my work, I need to prove it is worth paying for.
Over the past three months, I have produced eight in-depth research pieces on private companies totaling tens of thousands of words and hundreds of footnotes. These pieces are unique as very few cover the private market due to the challenges associated and research needed. The pieces aren’t just important for the companies themselves, but for understanding the competitive environment around public companies as well.
The feedback has been beyond my greatest expectations and I appreciate every single one who has read, liked or left a comment. Today I'm launching paid memberships for The Private Ledger.
By funding this work, you are helping make this publication sustainable. Your support allows me to continue spending hundreds of hours researching these in-depth breakdowns and continue covering an area that few others do.
New to The Private Ledger?
I write weekly about private companies breaking down everything from the history and leadership to their valuation.
😎Quick Introduction
📊 My Research
What you’ll receive as a paid subscriber:
Posts about macro trends focused on post IPO investing. When to buy, when to stay away, red flags when companies go public and warning signals that most people overlook.
Monthly Zoom calls discussing private markets and upcoming IPO’s exclusively for paid subscribers. The first Zoom call includes a fund manager who specializes in private equity and was an early investor in SpaceX, Groq, OpenAI and more.
Monthly Q&A post exclusively with paid subscribers.
Priority in requesting companies to cover.
Ability to begin threads in the subscriber chat and direct access to me via direct messages.
Launch Week Pricing:
These will be the prices for the paid subscriptions going forward, including full access to all posts forever and unique paid subscriber benefits mentioned above.
📆 Annual subscription going forward: $250
🎯 Monthly subscription: $35
Click here to upgrade now As the publication grows and the content continue to get better, your price will not increase.
For anyone that is a student or struggling financially, send me a personal message and I will happily work with you on a price that works.
The Free Version:
Nothing changes about my commitment to producing high quality free content. Deep dives and livestreams will continue to be available. Paid memberships simply allow me to spend more time producing research that wouldn't otherwise be possible.
However, the premium content focused on the transition from private to public will now include a paywall. The monthly Zoom calls, and certain posts will be paywalled in order to provide value for those who support monetarily and allow me to continue producing content.
A Personal Note:
I began this account a few months ago after a friend requested that I write a breakdown on Anthropic. Hundreds of hours of work later, and I am absolutely astounded and blown away by the support.
For all those who have read my content, liked, commented and subscribed to my posts, your support means the world to me. I will continue posting the highest quality content both for free and paid subscribers.
I am only getting started and I am excited for the future ahead. My plan is to make The Private Ledger the definitive source for private company research and post IPO investing.
Future avenues I’m exploring include interviewing founders of private companies, livestreams with fund managers and further deep dives and follow ups into many of the most fascinating private companies in the world like Anthropic, Databricks and OpenAI.
Thank you.