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Stock impact report

After causing outrage on the first day of Y Combinator, AI code editor PearAI lands $1M seed [TechCrunch]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: TechCrunch
got “cancelled,” as founder Nang Ang described it to TechCrunch, receiving an outpouring of online hate. But they survived and graduated the YC's winter 2024 cohort earlier this month with a modified idea and a new initial product. Now they've also made their goal of $1 million in seed funding, Ang tellsTechCrunch, raising a total of $1.25 million, including YC's standard deal of $375,000. To recap: on that Saturday in September, Ang and his cofounder Duke Pan released a proof-of-concept, minimal viable product version of their AI code editor on Github. They launched with a chest-pounding tweet and an influencer–style YouTube video (the founders are YouTubers). Within hours, someone accused their project of basically being a copy of another open-source code editor, Continue, with very few changes. (The PairAI founders were even accused of doing a mass search-and-replace to remove Continue's name and add theirs in.) Worse than that, they released their product under a funky, made Show less Read more
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