Episode summary
How Kong Was Born: APIs, Hustle, and the Future of AI Infrastructure
Summary
Augusto Marietti traces Kong’s origin from a “make it or break it” scramble to raise a small round in the U.S. after arriving from Italy on a tourist visa. He describes cold-emailing hundreds of investors, sleeping on Travis Kalanick’s couch, living on about $1,000 a month, and surviving on rice, beans, tuna, and pasta while the company was still effectively a three-person experiment. The core early lesson was that the original API marketplace idea did not fit the market, so the team pivoted after a long period of starvation to the API gateway and infrastructure model that became Kong.
He says the company’s breakout only came after years of struggle, followed by an open-source release in 2015 and a bridge round that kept the business alive for only weeks. That open-source moment, plus intense user pull, helped Kong break out, raise further capital, and become an independent leader in API infrastructure. He also recounts help from people like Sam Altman, and investor conviction from CRV, Index, NEA, and others as the product evolved.
The second half of the conversation focuses on AI and why Augusto thinks it strengthens Kong’s position. He argues that AI agents will consume the internet through APIs and protocols, making connectivity, authentication, authorization, key management, and traffic governance more important. In his view, API and AI traffic are converging into a unified infrastructure layer, and the long-term bet is that enterprises will need a gateway-like abstraction to manage many models and many agent interactions.
Key takeaways
- Augusto says Kong survived seven years of struggle before product-market fit, and the company’s internal founders award marks 255 days of struggle each year.
- He says the original API marketplace failed because APIs were too easy to access outside the marketplace, supply was too concentrated, and unit economics broke under AWS costs.
- Kong’s open-source release in April 2015 came when the company was nearly out of money; Augusto says a bridge round bought only weeks of runway.
- Augusto argues AI agents will use the internet through APIs, so authentication, authorization, key rotation, and connectivity layers become more valuable.
- He expects API traffic and AI traffic to converge, with enterprises eventually needing a gateway-like abstraction for many models and protocols.
Notable quotes
“We had no money. We we we we just take 600 bucks last left to go to a United flight and we had 90 days to just uh make it or break it”
“Every year we do the founders award. The founders award is 2,555 stock to the best employee of the company”
“I think a lot of people don't know or maybe don't appreciate how fast Kong grew when it actually happened”
“we built this massive API engine behind the marketplace API gateway that was powering 20,000 APIs of this longtail”
How the episode opens
He opens a closet and there's like all the bananas felling off because there was one guy's only eating huge bananas. He open another closet is another mattress with other guys sleeping a second closet and say okay this is real. We had no money.
We we we we just take 600 bucks last left to go to a United flight and we had 90 days to just uh make it or break it. We knew that if we couldn't race we would go back to Italy broke and that was it. I think a lot of people don't know or maybe don't appreciate how fast Kong grew when it actually happened.
So there was seven years of starvation, right? I mean, it was just basically wasn't working. Every year we do the founders award.
The founders award is 2,555 stock to the best employee of the company. Why that is 255 days of struggle. It's just symbolic.
But to remember seven years of struggle, every year is a retro. So AI is the founder and CEO of Kong which was previously mass shape and we are covering his background from a garage in Milan uh to now being the CEO of a atscale company with I dare say IPO ambitions at some point. Long way long way to go but that's one of the steps along the way.
Ambitions. All right. So, so you're doing this kind of API thing.
You come to the US on a tourist visa. Tourist visa. Yeah.
And the idea was to raise 90 days. Was the idea to raise funding? Yeah.
We had no money. We we we we just take 600 bucks last left to go to a United flight through Cincinnati. We went through secondary room.
Uh we landed up and we landed up through sorry Atlanta first time.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- api infrastructure
- startup fundraising
- open source
- ai connectivity
- startup pivots
Companies and tickers mentioned
- Kong
- a16z
- NEA
- Index
- CRV
Watch the episode
Watch “How Kong Was Born: APIs, Hustle, and the Future of AI Infrastructure” on YouTube
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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