Brothers Built a $1.1 Billion Company Without Venture Capital. Their Customers Funded It Upfront

AI startups pulled in $102 billion of venture capital last quarter, 64 percent of everything invested worldwide, and a record 27 companies raised rounds of $1 billion or more, according to Crunchbase data published October 5.

Phil and Dom Kwok, two London-born brothers, have not taken a dollar of it. They say EasyA, the AI and blockchain developer education company they started in 2019 from their childhood bedrooms, is now worth $1.1 billion, and they are taking it public through a direct listing while still owning all of it. READ MORE