Cognition went from $1M to $1B ARR in 24 months.
The launch demo got debunked.
They had no customers.
They cut the price from $500 to $20.
Then they figured out what actually worked, bought a company 5x their size in 72 hours, and got their own AI agent writing 90% of their code.
The full breakdown of how they built the enterprise machine, closed Goldman and the US Navy, and ran three funding rounds in 12 months:
venturestreet.substack.com/p…
This one is worth the read.