Goodfin Wire - Vol. 06

The year's final Wire.

Markets closed strong. Private valuations hit records. And somewhere between the last secondaries panel and a mahjong game in San Francisco, this community kept building.

This is your last Wire before the holiday quiet. We're shipping early—to leave you with more time at the close of the year for whatever rituals you may observe, whoever you gather with, and whatever investments you're mulling over a glass of something good.

Before you sign off, a few things worth your attention:

→ New Year New Wealth Lunch kicks off January with an invite-only Guild gathering in Palo Alto—the kind of intimate table where deals surface before they hit any platform

→ Goodfin Gatherings Edition 3 goes live Jan 15—45 minutes of unscripted conversation about bold bets, signal vs. noise, and what actually matters heading into 2026

→ Inside the Secondaries Market panel delivered institutional-grade insights on pricing, deal flow, and where accredited investors actually fit—members stayed until the last question

→ Goodfin AI is now open to everyone—non-accredited investors can explore, learn, and access AI-curated market intelligence (investment still requires accreditation)

→ SpaceX hits $800B valuation with share sale priced at $421, nearly double from July—2026 IPO targeting $1.5T would make it the largest public offering in history

New year, new faces. Edition 3 kicks off 2026 with the kind of conversations you don't get in conference rooms or LinkedIn DMs. No scripts, no structure—just Goodfin members being real about bold bets, signal vs. noise, and what we're actually paying attention to.

45 minutes. Quick intros. Open conversation. One thing that stuck.

Goodfin Guild program kicks off the new year with an invite-only lunch for investors and operators. Intimate. Curated. The kind of table where deals get discussed before they hit any platform.

Attendance is by invite only.

Eric Satz, Founder & CEO of Alto, walks through the latest trends and key considerations on accessing private market investments through retirement accounts.

Beyond his work at Alto, Eric hosts The Altogether Show, interviewing unconventional guests about the intersections of life, success, and purpose. He previously served as a Director on the Board of the Tennessee Valley Authority, appointed by President Obama, where he helped oversee one of the nation's largest public utilities.

This session covers Alto's platform, private market opportunities in Self-Directed IRAs, and Q&A.

We brought together three experts who operate at different layers of the secondaries stack—data infrastructure, marketplace execution, and legal structuring—to dissect how sophisticated investors are actually navigating this market.

Javier Avalos (Caplight), Sohill Madan (Forge Global), and Mordechai Hartman (Hartman Venture Advisors) went deep: how pricing really works, the anatomy of a deal from sourcing to close, what diligence looks like in secondaries versus primaries, and where individual accredited investors fit in a market increasingly shaped by institutional capital. Members found the session incredibly valuable and educational.

Tiles, strategy, triumph, and drinks under the soaring ceilings of Saint Joseph's Arts Society in San Francisco.

Some came to learn the ancient game. Others came ready to compete. Everyone left with new faces in their network, a few laughs, and very strong opinions about which tiles to discard. Turns out watching someone build a winning hand is way more entertaining than it sounds.

Mahjong Night is how we do community: fun, high trust, and zero shortage of friendly trash talk.

Strangers walked in. Friends walked out.

We partnered with The Supper Club for a holiday masquerade dinner in NYC—multi-course, conversation-forward, intentionally small. The kind of evening where you leave with more than a full stomach.

This is what community looks like when you slow down: shared tables, genuine connection, and the reminder that the best deals often start with the best relationships.

At Singapore FinTech Festival, our founder & CEO Anna Joo Fee took the stage at The Founder’s Peak, sharing how we unlocked rapid growth at Goodfin by taking bold action. The message is equally core to our mission—real progress and value creation come from those willing to rethink old models and embrace calculated risk.

At Goodfin, this belief drives what we’re building: tools and access designed for forward-looking investors who seek to shape the future.

We've been building the most advanced AI for private markets. Now it's available to all investors—accredited or not.

Non-accredited investors can now explore private markets.

For the first time, you don't need accreditation to access institutional-grade market intelligence. Sign up, ask questions, run research, and learn how the best investors think about private markets.

Goodfin AI delivers the same deep analysis, company insights, and deal intelligence that accredited members use—no barriers, no waitlist. You get full access to AI-powered research, news digests, and the tools that help you understand where capital is moving. Investment execution still requires accreditation, but learning? That door is open.

We're building something better than another aggregator flooding your inbox. We call it Goodfin AI News Digest. Soon, you'll get a weekly AI digest curated around the sectors you actually care about—AI, Space, Defense, Fintech, Crypto, Biotech, and more. Choose your industries, and every Monday, our AI scans thousands of sources to surface the signal: funding rounds, market shifts, and the stories shaping private markets. No fluff. Just what moves. Early access coming soon.

Need to understand a private company fast? Goodfin AI taps Sacra's research library—company profiles, business model breakdowns, competitive positioning, and analyst models that institutional investors rely on. Ask about a late-stage company's revenue trajectory or how it stacks up against competitors, and the intelligence surfaces instantly. No digging through outdated pitch decks. No guessing. Just the depth that matters, embedded in the conversation.

Caplight pricing, live. Want to know what SpaceX or Ramp is actually trading at in secondaries? Caplight's real-time pricing data shows you exactly where institutional buyers are valuing these companies right now—no guesswork, no outdated funding round numbers. This is the infrastructure Wall Street uses to navigate private markets, now embedded in every conversation you have with Goodfin AI.

The signal that matters surfaced for you. Here's what our AI pulled from the noise this week:

→ Alphabet's quiet SpaceX windfall. Google's been a SpaceX investor since 2015 ($1B funding round, ~10% stake at the time). Every valuation jump flows through as unrealized gains. April saw an $8B paper profit. The new $800B valuation? Another major accounting boost is coming in Q4 earnings. Read more

→ OpenAI: Yahoo Finance's 2025 Company of the Year. $500B valuation. 800M weekly users. $13B in 2025 revenue. Deals with Microsoft, Oracle, AMD, and Nvidia, totaling over $1.4T in committed spending. OpenAI didn't just dominate AI headlines—it moved markets. When it announced partnerships, stocks jumped. When it issued a caution, they pulled back. First private company to take the title. Read more

→ SpaceX hits $800B—2026 IPO on the horizon. The insider share sale priced at $421/share, nearly double July's $212. The company confirmed preparation for a possible 2026 IPO targeting $1.5T. If it happens, it would be the largest public offering ever. For context: that's $300B more than Saudi Aramco's 2019 record. The private-to-public path just got a lot more interesting. Read more

We’ve got more signal waiting for you inside Goodfin. Sign in to the platform and never miss a beat.

Vote and you're automatically entered to win exclusive Goodfin merch. We'll randomly select voters and send you something special.

We asked: What's your 2026 portfolio move?

68% voted "Diversifying into alternatives"—crypto, real assets, non-traditional plays. AI/infrastructure came in second. The takeaway? This community isn't following the crowd.

Find out how tech CEOs actually use AI

This year, you helped us build something real: a community of investors who show up—for the deals, for the events, for each other. That means everything to us.

Wishing you a restful close to the year and a 2026 full of the kind of bets that compound.

See you on the other side.

Sharath Kuruganty
Founding Community Lead
Goodfin

P.S. – Have feedback on Goodfin Wire? Hit reply. I read everything.

Goodfin | Your inside track to elite private markets