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technology·Technologybytechnocrit

CoreWeave founders cash out — the rest is mop-up

Three of the founders of AI hosting company CoreWeave — Brannin McBee, Michael Intrator, and Brian Venturo — just announced yet another planned sale of CoreWeave stock, totalling over a billion dollars’ stock sales for each since the company went public. This means that whatever happens with CoreWeave and the AI bubble … they’ve got theirs.

CoreWeave founders cash out — the rest is mop-uphttps://pivot-to-ai.com/2026/10/19/coreweave-founders-cash-out-the-rest-is-mop-up/Open linkView original on lemmy.dbzer0.com
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schipelblorp
sh.itjust.works

CoreWeave’s main business was as a backup provider for the hyperscalers when they couldn’t build out their own data centres fast enough.

This is such a damning sentence.

Our business model is to build the thing industry-leading professionals already built but just don't want to build more of because it would MAKE THEM TOO MUCH MONEY. What we can currently offer is no institutional experience, which we will improve rapidly because we also have no data centers.

Seriously, if there's a bailout, the class war needs to have two sides waging the conflict.

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CoreWeave founders cash out — the rest is mop-up | Spyke