Stripe is acquiring OpenRouter for $7 billion, up from $1.3 billion ninety days earlier. The founder, Alex Atala, also created the NFT marketplace OpenSea, which hit a $13.3 billion valuation. Camp calls Atala one of the better founders of the generation for building and exiting at the right time.
Stripe is buying OpenRouter, the software that routes you to different LLMs depending on what task you are doing, and they're buying them for $7 billion. But what's really crazy is that less than 90 days ago, the valuation of the business was $1.3 billion. But there's actually something very, very interesting about the founder that most people don't know. He also founded OpenSea, the NFT marketplace platform, and at its peak, it was a $13.3 billion valuation. And the founder stepped down when that happened. His name is Alex Atala, and I think that he might have to get a little bit of credit for being one of the better founders of our generation. A, at building businesses, but B, at just riding hype bubbles and leaving at the exact perfect moment. First OpenSea, then OpenRouter. What's next, OpenRobotics? Count me in as an investor if so. Give me a follow for more AI news and breakdowns on how to use it in your business.
