‘We were billionaires’: Las Vegas startup recounts 1st year as public company
By Todd Dewey
Published on March 11, 2026.
When Dot Ai went public in June 2025, its stock price rose from $10 per share to $75, making it worth $2.25 billion. The company's stock has since dropped to a penny stock. Founder and CEO Ed Nabrotzky recalls the moment when the company was valued at $2 billion. Dot Ai was founded in 2021 with two partners in Las Vegas and raised a little over $8 million in seed capital from many investors. The tax structure in Nevada and the ability to do some of its go-to-market pieces in Las Las Vegas was also a key factor. StartUpNV, a nonprofit business incubator and accelerator in Nevada, launched AngelNV in 2020 to train new angel investors and fund Nevada-based startups.
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