Midjourney's unique growth/distribution loop!
Midjourney made $200mn in revenue this year. 11 full time team members. Fully self funded. No apis, no enterprise clients; anyone who wants to use Midjourney has to use it via discord. Their distribution channel is discord. Amazing pod!
https://open.spotify.com/episode/0hC0ZxCNJd1uqQfx2iReUb?si=Qsj40pwhQnWTllkfI0e4bQ&nd=1&dlsi=c438dc48a5844cd3
This AI wonder rejected every external funding offer that came its way.
“Ever since David Holz founded Midjourney in mid-2021, venture capitalists have been practically begging him to take their money.”
“On top of cold-calling and emailing Holz incessantly, some have asked his inner circle for “warm” introductions. Others have preemptively sent him term sheets. “
^ source https://medium.com/coinmonks/midjourney-generated-200m-in-revenue-with-0-in-investments-2ff6e6c6965e
Indusplateau
Stealth
9 months ago
How is he manging the huge compute cost for training?
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Zepto
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https://m.economictimes.com/tech/funding/unicorn-drought-ends-as-zepto-raises-200-million-at-1-4-billion-valuation-from-stepstone-goodwater/articleshow/103053527.cms