
SITUATION ANALYSIS: At a new $5.2B valuation, Mercury is seeing a surge in new startup formation. Mercury CEO @immad says applications into Mercury were up 2.5x in Q1 compared to last year, and roughly 75% of its customers are within six months of incorporation. His read: AI is not just creating AI startups, it is making it easier to start normal businesses too. “In Q1 this year, we saw a 2.5x increase in number of applications into Mercury.” “75% or so of our customers tend to be within six months of incorporation.” “Most entrepreneurs would say AI is making their life easier. You can build much bigger companies with a small set of employees.” “I think there is a surge of entrepreneurship.”























