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When Giphy, a Betaworks-backed search engine for GIFS, launched last year, it was flooded with demand, so much so that the system completely melted down. It was 3 am on a Saturday morning, and the Betaworks team was able to pull together an operations person from Betaworks, one of the company’s hackers in residence, and an engineer from Digg, one of Betaworks’ most successful portfolio companies. By the end of the weekend, not only was the system back up and running, but Giphy had four full-time staff members working on the company.