Whop has raised $200M in Series D funding at a $5.1B valuation, backed by @sequoia and @shopify.
It really feels like we are barely touching the tip of the iceberg in a market larger than anyone can imagine.
We first launched Whop as a better way for us to sell sneaker bots, one of the most niche types of desktop software out there.
Total TAM? Probably $20,000 per day.
Who cares, tiny market.
But, what people discounted is the idea that there were actually 70,000 other markets exactly like that one.
Beyond the investment itself, I am especially excited to welcome legendary silicon valley investor @dougleone to our board of directors. Doug and the sequoia team are nothing but a brilliant, resourceful, and principled group of people.
My co-founder Cameron and I started building on Shopify when we were 13 years old. Shopify is one of the most impactful all-in-one cloud ecosystems ever created; @tobi has pioneered modern entrepreneurship the way we know it and we are thrilled to have him in our corner.
We have a tenet at Whop to be the dumbest in the room and I am very grateful that this has recently become a lot easier.
We are focused on markets, scale economies, and progressive media. If that is up your alley, please message me directly.
The $200M raised will support our expansion as we build economic infrastructure for the next century, continuing on our mission of delivering everyone an income.
SpaceX CFO Bret Johnsen:
Revenue grew 161% year over year to $14.6 billion. Adjusted EBITDA grew faster than revenue, up 306% to $8.8 billion, driven by recurring Starlink revenue and SI infrastructure.
The games we've long wanted, which didn't exist because they'd cost several times more to make than they'd earn back, will soon become possible. As will the games developers wanted to build, but couldn't with the resources available. It'll be a new golden age of gaming.
๐จBREAKING: The historic Limoges town hall has just completely collapsed after far-left rioters set it on fire
It was built in 1876. It survived World Wars. It did not survive modern France.
Some reflections on AI in math. I found it helpful to simply list out the various parts of what a mathematician does, why math is valuable, and where the funding comes from. From there, what happens if AI gets more capable?
https://t.co/H5T1WdIBzw