Meet Noah Shinn: The 23-year-old college dropout whose viral AI assistant is emerging as a new challenger to Mark Zuckerberg’s Meta
Source: Fortune ·
This week, Instinct raised an additional $1 billion in a Series C that shot his company's valuation up to $10 billion.
From the source
At just 23 years old, Noah Shinn is already making his mark on the AI world. He founded Instinct, an AI assistant startup, just last year. Since then, its valuation has skyrocketed. The company raised $250 million at a $2.5 billion valuation in August, bringing its total raised at the time to $350 million. Just this week, the company raised an additional $1 billion in a Series C that shot its valuation up to $10 billion. Even though Instinct’s AI assistant is open only to a select few invitees, Instinct is now approaching $1 billion in annual transaction volume, Shinn said in an interview on the Invest Like the Best podcast published Monday. Despite not being broadly available, Instinct has grown organically through word of mouth, Shinn told the podcast host and venture capitalist Patrick O’Shaughnessy. So many people want to join, he said, that existing users are now selling invitations to join Instinct on eBay. “We spent $0 on marketing so far,” he said. What does Instinct do?…