Jaden Schaefer

There's a link in the description to AIbox.ai and I would love to have you try it out and tell me what you think.

All right, let's get into what's going on with RunPod.

So this is a really impressive startup.

I thought their kind of founding story was hilarious.

They have two founders, Zen Liu and Pardeep Singh.

And apparently when they were starting the company, they actually were able to bootstrap to about $24 million in revenue.

They have raised money now and they're at $120 million in annual recurring revenue.

And they have also raised a $20 million seed round.

But before all of that happened, they were able to bootstrap to $24 million.

And the path of their company was hilarious.

One thing that I'll say is that they raised about $20 million when Radki Malik, that's a VC and a partner at Dell Technology Capital, he noticed them from a Reddit post and

And then they also picked up an early angel from the Hugging Face co-founder, Julian Chomond, who apparently was just a big fan, was a big user.

And he reached out to them from their support chat.

So they actually started the company in 2021.

They were both co-workers at Comcast and they decided that they wanted to start a hobby, a side project, which is essentially that they built a custom GPU rig.

This is in New Jersey and in like a basement space.

And they were mining Ethereum with it.

They made some money, apparently, but they didn't really make enough money to actually pay back the equipment.

So they weren't recouping their investment or anything.

And so they were kind of coming to the end of the mining hype.