A look at Scale AI rival Surge AI, which raised no outside capital, told staff it had $1B+ in 2024 revenue, vs. Scale's $870M, and has always been profitable
The Information : X: @amir and @jessicalessin X: Amir Efrati / @amir : Alex Wang timed his exit perfectly. Scale AI was being beaten by a startup rival that never raised VC and was profitable the who...
Source: ByteDance's revenue from international operations, which are primarily TikTok, rose 63% to $39B in 2024; overall revenue grew 29% to $155B
The Information : Bluesky: @karlbode.com . X: @amir Bluesky: Karl Bode / @karlbode.com : give that shit to Meta, for, you know, freedom, and to uh, protect the kids from propaganda [embedded post] X:...
Sources: Cursor maker Anysphere is in talks to raise hundreds of millions at a $10B valuation, up from $2.5B in January, and crossed $100M in ARR in 12 months
Cool AI startups in 2025: we will raise hundreds of millions of dollars [embedded post] X: Trace Cohen / @trace_cohen : $10B val doing $150M prob!? But like in 2yrs which is crazy but what... At this ...
Source: SoftBank plans to borrow $16B to invest in AI, and might borrow another $8B in early 2026, which could strain its already debt-heavy balance sheet
www.cnbc.com/2025/01/30/o... … Casey / @ig.ht : who on earth would loan this money knowing softbank is investing it in what seems to be the least profitable sector in existence [embedded post] Ed Zitr...
Letter to investors: Bolt is finalizing a $450M Series F at a $14B valuation but with harsh terms for existing investors; Ryan Breslow plans to return as CEO
As startup founder comebacks go, this may rank as one of the most remarkable. — Bolt founder Ryan Breslow is returning as CEO … X: @amir , @pitdesi , @jessicalessin , and @erinkwoo X: Amir Efrati / ...
Sources: OpenAI recently topped $1.6B in annualized revenue, up from $1.3B in mid-October; some OpenAI leaders believe OpenAI can reach a $5B ARR by 2024's end
It's effectively an imaginary number. It isn't the revenue made this year. … X: Ant Stanley / @iamstan : Annualized Revenue is a VC metric and different from Annual revenue. It is the latest month's ...
Sources: Hugging Face raised $200M+ at a $4B+ valuation led by Salesforce Ventures, more than doubling its private valuation, and is on pace for a $30M+ ARR
and basically zero people will know or care what Hugging Face is or does. I also think Microsoft will just eventually acquire it. … X: Marc Benioff / @benioff : Salesforce Ventures is thrilled to lea...
Source: in H1 2023, Instacart's revenue grew 30%+ YoY to ~$1.4B but gross transaction volume grew ~5% YoY; Instacart reportedly plans to go public in September
This is a similar pattern we saw during earnings season where companies are squeezing more revenue out of customers via price increases and introducing ads versus revenue growing due to usage. — htt...
Sources: Reddit's revenue rose 38% YoY to ~$670M in 2022, a steep drop from 2021's 100%+ growth, adding to IPO uncertainties and suggesting a $3.3B+ valuation
A stark business reality faced Reddit before a user uprising engulfed its site this month: slowing sales growth. Twitter: @austinj , @coryweinberg , and @amir . Forums: r/technology Twitter: Austin Jo...
Source: MoonPay insiders, including CEO Ivan Soto-Wright, cashed out $150M in shares as part of the crypto payment startup's $555M Series A in November 2021
The only smart people in the entire NFT fiasco were the grifter CEOs who made bag holders out of greedy VCs and Ponzi schemers who thought they were the ones doing the pump & dump. … Tweets: Pauly / @...