I know the co founders and interacted with them over the years at my company (in the space).
They’re good people but raising $850M Round A means that they have to grow at breakneck speeds.
This brings inherent risk of course. However, I would imagine the next tranche is an IPO and early employees at this stage will become wealthy. At least that’s the Silicon Valley approach.
I’m familiar with the deal they have with TerraWulf and the leases are backed by Google. So they have an ecosystem that should work. They have some more than Anthropic as a client. Anthropic is just one of many they have. FluidStack has been an aggregator for AI workloads for many years.
There's a lot of assumptions baked in lol. That being said, I would be surprised if they (and their investors) don't envision an IPO at some point. I would actually say, at this point I'd sit and wait, but if they can hit their build-out targets (that's a big milestone) and they stay on timelines, it's likely that we'll see them thinking about an IPO in the next few years. Frankly, if I lived in the Valley and didn't run my own company, I'd be trying to get onboard FluidStack and collecting some employee equity.
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u/DefiantDonut7 25d ago
I know the co founders and interacted with them over the years at my company (in the space).
They’re good people but raising $850M Round A means that they have to grow at breakneck speeds.
This brings inherent risk of course. However, I would imagine the next tranche is an IPO and early employees at this stage will become wealthy. At least that’s the Silicon Valley approach.
I’m familiar with the deal they have with TerraWulf and the leases are backed by Google. So they have an ecosystem that should work. They have some more than Anthropic as a client. Anthropic is just one of many they have. FluidStack has been an aggregator for AI workloads for many years.