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!
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑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
How is he manging the huge compute cost for training?