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Hyperlink 🔗
Cloud computing from idle computers
Setting the Scene
The surge in demand for computing power is outpacing the world's available capacity.
This supply, demand imbalance has led to:
High costs: Cloud computing solutions like Amazon Web Services are expensive and slow.
Sustainability issues: Data centers are constrained by physical space, energy requirements, and environmental concerns.
This week’s company sustainably and cost-effectively transforms any idle PC into a server that can collectively power the internet.
In a Sentence
Hyperlink turns idle computer GPUs into a supercomputing network, enabling users to monetize passively while powering AI, Blockchain, and Cloud workloads on the internet.
GPUs: Graphics processing units are essentially the chips responsible for computing power.
Network: Hyperlink expands computing capacity by activating GPUs and CPUs from idle computers both at home and work.
Monetize: Users can effortlessly earn up to $4,000 per PC yearly by downloading the Hyperlink app and allowing the network to tap their computer’s processing power.
Bulleted version: Similar to how Airbnb turns houses into hotels without owning physical assets, Hyperlink converts home computers into servers without owning the hardware itself. 💻
The Basics
Industry: Cloud Computing, AI Infrastructure
Headquarters: San Francisco, California 🌁
Year founded: 2022
Employee count: 4 FTEs
Investors: HNWIs and Family Offices
Amount raised: $1.57M (pre-seed)
Currently raising: $2.5M (seed) with $2M already committed
Business model: Hyperlink takes 50% commission on the revenue generated from renting out GPUs provided by external suppliers
Early traction: Growing 31% MoM in supply of compute, 57,000+ GPUs & 100,000+ CPUs secured in 7 months
IN PARTNERSHIP WITH
Fidelity for Startups is supporting the startup & venture capital community in a big way.
Shoobx, their Cap Table platform, is the all-in-one tool that will help founders prepare for their next round of funding.
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If you are a founder working on a startup from inception to IPO, Fidelity has strategies for you.
Due Diligence
WHAT WE LIKE
🌎 Market opportunity: In the NASDAQ's tech sector, the top eight companies collectively hold a market value of $11 trillion, with about a third, or $3.7 trillion, coming directly from computing.
Hyperlink's opportunity in this space is significant, as tapping into even a small fraction of the global computing market could lead to substantial revenue growth.
🔀 Diverse revenue streams: Hyperlink's GPU network, adept at processing cloud computing, AI models, and blockchain workloads, is strategically positioned to capture emerging opportunities across these dynamic tech sectors.
🍀 Environmentally conscious: Hyperlink's sharing economy model significantly lessens environmental impacts by repurposing idle GPUs for computing demand, reducing the need for new hardware production.
POTENTIAL RISKS
🌎 Data and privacy: Hyperlink may need to address user concerns about privacy, as their model involves using personal computers for external purposes, necessitating clear communication and education about their privacy safeguards.
📈 Hardware prices: Hyperlink's model might inadvertently increase GPU prices by creating a new demand for computing resources, which would fuel the problem they are attempting to solve.
🤝 Mass Adoption Requirement: The success of Hyperlink's GPU network hinges on widespread participation, requiring extensive outreach and convincing a vast number of GPU owners to join their platform.
Founder Profile
Marta Parke, CEO: Previously an AWS and Oracle enterprise cloud consultant for Fortune 500 companies such as Cartier.
Tai Au, CTO: Previously Executive Director at CEC Management.
Abhi Chowdhury, Chief of Engineering: Previously held engineering roles at Apple, Facebook, and PwC.
To request an introduction to the founder, respond to this email.
Comps
Coreweave: Backed by Magnetar Capital and others.
Lambda: Backed by 1517, Bloomberg Beta, Invariantes Fund, and others.
Why Hyperlink: By powering the internet through idle computers, Hyperlink’s asset-light model could fulfill the global computing demand, taking a megabyte out of AWS’s market hold. 🖥
Events Board
🍽 Industry Dinners: Our first industry dinner is approaching for SaaS and Deep Tech founders and funders in NYC. We’re almost at capacity but if you think you would be a great addition REPLY TO THIS EMAIL.
Upcoming Industry Dinners: 1) Consumer Founder and Funders Dinner 2) Stealth Founders Dinner.
🎡 Bulletpitch x Antler Tech Carnival: We are thrilled to be partnering with Antler to co-host our inaugural tech carnival during SXSW week. More details soon…
🗳 Cast Your Vote
What do you think of Hyperlink?Cast your vote below and tell us why: |
Last Week Today
The results are in: Pronti, a wardrobe app that provides outfit recommendations and connects retailers with their ideal consumers, had mixed reviews in last week’s poll.
Subscriber feedback: “1M+ downloads and retailers being able to target users by knowing what’s in their closest is promising, but I’ve seen various attempts at wardrobe apps and all have struggled to become mainstream.”
