Enterprise

This 28-Year-Old Sold His First Startup For $30 Million And Is Back With A Cool New Company

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Alex Polvi
Alex Polvi founder, CoreOS  Twitter/@polvi

Alex Polvi made a name for himself in the tech industry back in 2010 at the ripe old age of 25. That's when Rackspace bought his first startup, Cloudkick, for an estimated $30 million.

Now he's back with his new company, CoreOS, and it's worth watching for several reasons.

First, it's got interesting technology. CoreOS makes an operating system based on Linux that works like the custom operating system Google built for itself. (CoreOS even has former a former Googler on its team.)

The upshot is it lets corporate computer servers run more software using less hardware.

Second, CoreOS, a Y Combinator startup, has some interesting angels. Investors include Andreessen Horowitz, Sequoia Capital, super angel Ron Conway and football great Joe Montana, reports Bloomberg's Ari Levy. Montana invested after attending Y Combinator's pitch day in August. He was impressed by the young Polvi, he told Bloomberg.

The seed round was undisclosed but somewhere between $1 and $5 million, TechCrunch's Alex Williams reports.

On top of that, CoreOS's has one of the rock stars of the Linux world as its advisor, Greg Kroah-Hartman. Kroah-Hartman is one of two top people leading Linux. The other is Linux creator Linus Torvalds.

Like Linux, CoreOS is free and open source. Anyone can take it, use it, modify it. The company will make money selling for subscriptions to enterprises who want to pay for extra support.

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Julie Bort was Business Insider's Editor at Large for the Tech team. She loves investigating stories and shedding light on the tech industry's most amazing people.Here's a small sample of some of Julie's work.Former Pinterest employees describe a traumatic workplace where managers humiliate employees until they cry, Black people feel alienated, and the toxic culture 'eats away at your soul'Sex, tequila, and a tiger: Employees inside Adam Neumann's WeWork talk about the nonstop party to attain a $100 billion dream and the messy reality that tanked itInsiders say WeWork's IT is a patchwork of cheap devices and Band-Aid fixes that will take millions to fixWeWork's toxic phone booths were created in-house by its Powered by We business70-hour weeks and 'WTF' emails: 42 employees reveal the frenzy of working at Tesla under the 'cult' of Elon MuskElon Musk works so many hours at Tesla, employees are constantly finding him asleep under tables and desksHow this woman went from a Pizza Hut employee to a founder of a $4 billion startupAn Oracle insider explains how some salespeople gamed the system to sell more cloudTHE TAKEDOWN OF TRAVIS KALANICK: The untold story of Uber's infighting, backstabbing, and multimillion-dollar exit packagesMicrosoft is in talks to buy GitHub, a startup at the center of the software world last valued at $2 billionThe alarming inside story of a failed Google acquisition, and an employee who was hospitalizedInside Facebook's plan to eat another $350 billion IT marketHow a registered sex offender wound up living in an Airbnb hosting unsuspecting guestsA controversial ex-banker is the person who really runs Twitter — and he's gambling the company's future on one risky betSecret passages and skipped meals: Oracle's CEO gave us a rare peek at what it really takes to run a $37 billion companyHP told some employees to choose between becoming contractors with no benefits or being fired without severance'I felt like we were being extorted': Customer says Oracle tried to strong-arm him into a cloud saleHow the queen of Silicon Valley is helping Google go after Amazon's most profitable businessAirbnb host: A guest is squatting in my condo and I can't get him to leaveLIES, BOOZE, AND BILLIONS: How one of the fastest-growing startups in Silicon Valley history raised $580 million then spiraled out of controlGitHub is undergoing a full-blown overhaul as execs and employees depart — and we have the full inside storyWhen she's not writing for Business Insider, Julie can usually be found on the trails, on my mountain bike, or on my skis, if you know where to look.