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Jun 14, 2024 Explore the rise of Raspberry Pi as it moves from education to IPO, showcasing its impressive market debut. Discover InScope, the fintech aiming to revolutionize financial reporting with a fresh $4.3 million in funding. Delve into the niche world of cat-sitting with Meowtel, a profitable startup securing specialized care for our feline friends. Stay informed on Apple's latest AI innovations and their implications for startups, while analyzing Elon Musk's contentious response to Apple's integration of ChatGPT.
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Raspberry Pi's Profitability and Mission
- Raspberry Pi is profitable, generating $266 million in revenue and $66 million in gross profit in 2023.
- It's a subsidiary of the Raspberry Pi Foundation, promoting coding education through low-cost computers.
Raspberry Pi's Public Debut
- Raspberry Pi's impressive public market debut saw shares jump 32%, valuing it at $700 million.
- Notably, it's listed on the London Stock Exchange, where retail investors initially couldn't participate.
Raspberry Pi's Origin Story
- Mary Ann's son requested a Raspberry Pi for Christmas, sparking her interest in the company.
- This tiny, affordable computer fits in the palm of your hand and has sold 60 million units.