STARTUPS BREAKNECK STARTLES * : GLOBAL ESSAY

! WEALTH CREATION ! : '' ESTEEMED Founders Rabo and Haly : ' How about !WOW! making a Turnaround A.I. Open Source Model for Karachi? Without that, the city is up a slippery slush. ' ''

ON SOCIAL MEDIA - investors post breathlessly about smaller start-ups that need only 10 days, not even a month to grow from zero revenue to an annualized rate of $2 million.

THE STARTUP MANIA has helped stoke worries about a bubble in A.I. investment, particularly on data centers for A.I. computing. Tech has long been an industry of booms and busts, and sentiments can change quickly.

But investors justify their deal making by pointing to the rapid revenue growth of many A.I. companies. Cursor's monthly revenue hit an annualized rate of $1 billion this year, a tenfold increase since the end of last year, a company spokesman said.

OpenAI expects to hit annualized monthly revenue of $20 billion this year, according to Sam Altman, its chief executive. And Anthropic, which makes the Claude chatbot, said its annualized revenue had grown to $7 billion in October from $1 billion at the start of the year.

Mr. Ben Braverman said he had observed that growth in start-ups he invested in. '' It breaks all the rules to for what you think can happen,'' he said.

Vibecode, a start-up that uses A.I. to let people build apps, set out to raise $3 million last spring. It had not released its app, but investors were so eager that the company garnered $ 15 million in offers in a week.

Vibecode wound up amassing $10 million at double the valuation it initially sought. In August, two months after releasing its app, it rocketed to $1 million in annualized monthly revenue.

Ansh Nanda, a Vibecode co-founder, said he had heard from several dozen investors since then.

He marvelled at the opportunities that Silicon Valley has enabled, where 24-year-olds like him could be given millions of dollars to chase their dreams.

''I want to build something that has a massive impact on the world,'' he said.

To land deals, venture capitalists have adopted their strategies. Katie Jacobs Stanton, an investor at Moxxie Ventures, said she had sought out entrepreneurs in countries including Canada, France and Israel.

Some teams she backed in those places are moving to San Francisco.

Ms. Jacobs Stanton said she was also trying to find founders before they went through accelerator programs and saw their valuations rise. And like everyone else, she is moving fast.

'' Founders will remark, ' Hey sorry, the round went really fast in three days,' '' she said. '' The market is rewarding speed.''

This Master Essay continues.  The World Students Society thanks Erin Griffith and Cade Metz.