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Intersect launches and announces purchase of intersect.com for 7 figure amount

2 pointsby anindha7 months ago

2 comments

anindha7 months ago
Today is a triple launch – firstly we are excited to launch Intersect with the goal of helping technology startups solve their most challenging technical problems.<p>This is no easy feat. Solving technical problems at scale is incredibly complex.<p>So, how do we do this?<p>Two phases:<p>1. Build core software and infrastructure solutions for startups to solve their most challenging technical problems - giving the startup a perpetual license to the IP, and retaining the IP for future projects.<p>2. Apply our repository of software to similar problems startups face. Over time, this allows us to be the fastest option for startups looking to solve challenging technical problems.<p>In other words, we use Palantir-like services to build a core suite of core software products that can be reused across projects.<p>This allows us to be faster, cheaper, and higher quality.<p>The number one question we get is would a startup be comfortable allowing Intersect to own part of the IP developed during a project - and our answer is that most technology companies don’t mind that they don’t own the IP for their database, web framework, or payments infrastructure for example - and there are many core components in the same bucket.<p>Intersect&#x27;s long-term goal is to be the number one place founders turn to build out core software and infrastructure. We want to be a software and infrastructure layer that powers the next generation of tech.<p>Our first products are a full text search that is 200x faster than Postgres, the lowest latency sync system available, and a video-conferencing platform.<p>If you are a startup with a tough engineering problem - please reach out.<p>Secondly, we are announcing our purchase of the domain intersect.com but holding off on the details of the acquisition for the time being.<p>Thirdly, we are launching a community for engineers and founders solving hard engineering problems in the SF Bay Area: <a href="https:&#x2F;&#x2F;www.intersect.com&#x2F;community" rel="nofollow">https:&#x2F;&#x2F;www.intersect.com&#x2F;community</a><p>(Photo below of Intersect’s founder @anindha (0000) and @maxmarchione, our first investor (1000). All investors in this round will have a number starting with 1 and all team members with 0.)
anindha7 months ago
Exclusive for hacker news comment readers: this was a 7 figure purchase but full details will be released later.