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Stock impact report

AI cloud startup Runpod hits $120M in ARR — and it started with a Reddit post [TechCrunch]

Core Scientific, Inc. (CORZ) 
Company Research Source: TechCrunch
The story includes bootstrapping their way to over $1 million in revenue; landing a $20 million seed round after VC Radhika Malik, a partner at Dell Technologies Capital, saw some Reddit posts; and gaining another key angel investor, Hugging Face co-founder Julien Chaumond, because he was using the product and reached out over the support chat, the founders tell TechCrunch. It all began in late 2021 when the two friends, who worked together as corporate developers for Comcast, decided the hobby they were doing wasn't fun anymore. They had built setups of specialized computers used to generate Ethereum in their respective New Jersey basements. While they did successfully mine a bit of the cryptocurrency, it wasn't enough to pay back their investment, they said. Plus, mining was going to end after the much-ballyhooed network upgrade called “ The Merge .” On top of that, it was “boring” after a couple of months, Lu said. But they had talked their wives into letting them spend a Show less Read more
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