AI startups are turning their revenue into recruiting bait [Verge, The]
Wayfair Inc. Class A (W)
Last wayfair inc. class a earnings: 2/28 07:00 am
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Source: Verge, The
AI startups are turning their revenue into recruiting bait This is an excerpt of Sources by Alex Heath , a newsletter about AI and the tech industry, syndicated just for The Verge subscribers once a week. A new trend has quickly emerged for AI startups that want to stand out from the rest: brag about revenue. Take Sierra, Bret Taylor and Clay Bavor's AI customer support firm that was recently valued at $10 billion. On paper, you'd think Sierra could have its pick of just about anyone who wants to work in AI — both co-founders are well-known names in Silicon Valley, Taylor is also the chairman of OpenAI, and Sierra has raised more than $600 million in less than two years. But even Sierra feels the need to put a giant number on the board to compete for talent. Taylor told me on Thursday that the company has reached $100 million in annual recurring revenue, up from about $20 million this time last year. Unlike many AI startups now flexing their ARR, Sierra books its revenue thro
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Earnings
- 10/28/25 - Beat
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Sec Filings
- 11/26/25 - Form 4
- 11/26/25 - Form 4
- 11/24/25 - Form 144
- W's page on the SEC website