PitchBook

PitchBook (acquired by Morningstar) is an absolute, unquestioned phenomenon and the undisputed apex predator of the "Private Markets" data space. While Bloomberg and FactSet focus on publicly traded companies (like Apple or Tesla), PitchBook is entirely obsessed with mapping the highly opaque, secretive world of Venture Capital, Private Equity, and Mergers & Acquisitions. The absolute core differentiator of PitchBook is its "Private Market Cap Tables and Valuations." If you want to know exactly how much money a secretive Silicon Valley AI startup raised in their Series B, who the specific lead venture capitalist was, what the pre-money valuation of the company was, and exactly what percentage of the company the founders still own, PitchBook is the *only* platform that has meticulously scrubbed, crowdsourced, and verified that data. Furthermore, PitchBook provides staggering "Fund Performance Analytics." A massive university endowment can use PitchBook to see the exact, verified historical returns (IRR) of a specific Private Equity firm before handing them $50 Million to invest. Because private market data is not mandated by the SEC, PitchBook's ability to aggregate it makes the platform absolutely mandatory for any Venture Capitalist, PE Associate, or startup founder tracking their competitors.