-95%

est. 2Y upside i

AI & MLMedia & CommsSeries B

At Pika we’re building the future of AI video and social media. Our products give people new ways to create, remix and share ideas, and we’re looking for a designer who can help shape that future.

Rank

#3737

Sector

Generative AI, Media & Entertainment

Est. Liquidity

~5Y

Data Quality

Data: Low

The equity is likely to be worth very little or nothing at a 2-year horizon due to extreme multiple compression from a stale $470M round valuation against declining revenue of $7.6M ARR, critical competition from tech giants, and a 28.7% preference overhang.

Last updated: July 19, 2026

Bull (10%)-87%

If category leadership emerges or IPO window opens, exit multiple could reach 10x, but even then projected revenue of $7.6M yields exit of $76M; after 20% dilution, effective upside is -87.06%.

Base (45%)-92%

Implied multiple converges to 6x comp range; exit of $45.6M with dilution yields -92.24% return, reflecting severe multiple compression from 61.8x.

Bear (45%)-100%

Exit multiple compresses to 3x, exit value $22.8M below $135M preference stack; common stock recovers 0%, resulting in total loss.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

2870%

Total funding of $135M against $470M valuation gives 28.7% preference overhang; in a downside scenario, common stock is wiped out.

Dilution Risk

high

Likely need for additional funding within 24 months given high cash burn and no profitability; estimated 20% dilution.

Secondary Liquidity

none

No secondary market activity reported; equity is illiquid.

Engineering — 8 roles

Creative — 2 roles

Research — 2 roles

View all 12 open roles at Pika →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Pika's data — designed to show you've done your homework.

  • 1

    “How does Pika plan to differentiate and build a moat against OpenAI Sora and Google Veo?”

  • 2

    “What is the unit economics and path to profitability given high capital intensity and compute costs?”

  • 3

    “What is the expected timeline and likelihood of a liquidity event (IPO or acquisition) for employee equity?”

Community

Valuation Sentiment

Our model estimates -95% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.