Convequity's Bi-Annual Review (Pt.2)
Summary
* Klaviyo is evolving into an AI-native engagement platform, with recent churn and margin pressure masking strong long-term enterprise momentum.
* GitLab is delivering quiet leverage through agentic AI and enterprise expansion, though concerns around pricing model and platform depth persist.
* Meta is building full-stack AI infrastructure, but must close its model and silicon gap to fully realize its next-gen computing ambitions.
Valuation Overview
The table below is designed to h