Brendan Foody is the Co-Founder and CEO @ Mercor, the fastest growing company in history. The company solves talent allocation in the AI economy and they have scaled from $1M to $500M in revenue in just 17 months. With a rumoured new funding round pricing the company at a whopping $10BN, the company has the likes of Benchmark, Felicis, Emergence, and of course, 20VC, all on their cap table.
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In Today’s Episode We Discuss:
00:00 Intro
01:24 Why My Mother Thought I Was Selling Drugs as a Kid
06:02 In The Time My Peers Graduated, I Created a $10BN Business; Is College Worth it?
12:16 Scale, Surge, Mercor, Turing: How Do Data Providers Differentiate
18:40 Scaling from $1M to $500M: We Quadrupled Since Scale was Acquired
25:19 Why Evaluation Benchmarks in AI are Total BS
33:24 Is There Too Much Cash in Private Markets?
35:33 Revenue Sustainability in AI Companies
36:39 Should Investors Give a S*** About Margins When Analysing AI Companies
41:22 Is There Too Much Cash in Private Markets?47:10 You Cannot Create a $10BN Company without 9-9-6 Work Culture
50:05 What Would You Do If You Weren’t Scared?
55:12 Quick Fire Round: OpenAI vs Anthropic, Lessons from Peter Fenton and Jack Dorsey
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