You.com received a $1B valuation on under $20M in revenue
“You go and you see, like, a company like u.com. Everyone's saying, wow, they got a valuation of a billion dollars. Annualized revenue of, like, oh, I'm gonna misquote this. It was, like, 12,000,020 million dollars. That's insanely small, man.”
Socher: Entry-Level Tech Jobs Are Increasingly Automatable
“I think the biggest problem and biggest worry I have is that the entry level jobs right now are more and more automatable.”
Benioff Personally Invested in and Named AI Startup You.com
“Another incredible company that I'm personally an investor in is you.com company that I invested myself. I named it myself. The founder is the former head of Salesforce research.”
Socher: Georgian Led You.com's Series B Alongside NVIDIA and Salesforce
“The round was led by Georgian and participation from NVIDIA, Salesforce Ventures, several of the existing investors, Softlink Ventures Asia came into”
Socher: You.com was first to bring LLMs into search
“We're the first to bring LLMs into the search engine space and have some exciting patents some already given some pending on that”
Socher: AI search competitors fake citations and prioritize marketing over accuracy
“And when we do a lot of comparisons to the competition, usually the competition spends much more money on marketing and design and less on accuracy of the technology and accuracy of the answers and even the citations. A lot of folks just Fake their citations a…”
Socher: Several hedge funds and VC firms are enterprise You.com customers
“We actually have several hedge funds and VC firms that are actual paying customers and get their whole company on it because they understand how powerful it is.”
Socher: You.com receives more queries through its API than its consumer website
“We have millions of users now, which is really exciting to make many millions of calls a day. What's actually even more exciting is that we get an aggregate of more queries through our APIs than we get on even our own and User and user facing u.com property.”
Socher: You.com invented RAG at web scale before the term existed
“We realized just like with rag where we had invented rag already, we're doing it at a web scale, but it wasn't yet a term.”
Socher: Only 5% to 10% of enterprise AI seats get utilized
“This comes from a lot of organizations that bought
500 thousand plus seats for their product.
And then after a few months, they look into how many users are actually using it.
And it's like five, 10% in the company actually really use it.
And so, you know, the…”
Socher: You.com revenue is doubling every quarter this year
“Revenues doubling every quarter this year and it's becoming really meaningful now.”
Socher: Startups cannot be 10x better than Google on simple consumer search
“If you think about it from first principles, there is nothing you can do to be 10 X better.”
Socher: You.com gets more queries through APIs than consumer product
“We definitely get a lot more queries coming in through APIs than we do over like the normal consumer you.com product at this point.”
Socher: Pursuing consumer and enterprise motions simultaneously is generally a bad idea
“It's generally a bad idea. I would discourage everyone from doing it. You need a lot more extra funding. You need a lot of very smart people who execute at extremely high levels. It makes everything harder.”
Socher: You.com pioneered routing LLM queries to non-language UI widgets in 2023
“That idea, we were the first to launch that early, 20, 23.”
Moonhub was used by Anthropic and Inflection as pre-launch clients
“Before we launched, we worked with about a hundred companies helping them hire and scale their teams. So some of our sort of early customers pre-launch were companies like Inflection, Anthropic, Sandbox, U.com public companies out there as well as some early s…”
Richard Socher: Bing and Google Copied YouChat Months After Its Launch
“We've also seen Bing and Google copy what we have launched late last year with you chat. They've copied us in the sense that we've launched it earlier and then they launched something very similar three to four months after.”
Socher: You.com displays live stock tickers instead of LLM-generated estimates
“Like new.com has, for instance, when you ask for a stock price, we don't just make up a bunch of numbers like an LL would. We actually show you a stock ticker and then you can see the actual price, right?”
Socher: AI advances faster by expanding unified models than building separate ones
“Kind of like imagine Wikipedia and everyone just keeps adding to Wikipedia and keeps making one dictionary better rather than everyone who wants to build a dictionary just starts their own dictionary company and then builds it from scratch. It just doesn't mak…”
Socher: You.com updates its production models bi-weekly
“Like we update our model every other week.”
Socher: You.com runs its own language model in production
“Certainly like u.com we partner with different providers, but we also have our own LM running in production already.”
Socher: You.com's open platform struggled due to lack of user scale
“Now we've launched this open platform last year, but to be honest, we haven't had A ton of really amazing apps being added to this platform because we just don't have hundreds of millions of users, and so if your, you know, app, like, lets you book a kayaking …”
Socher: Content creators will be left out if closed search engines win
“If we don't win and others win, then they'll be actually fully left out.”
Socher: Google deranked You.com across all sites, causing immediate traffic drop
“We just got deranked in all our sites from Google and saw like a drop right away.”
Socher: Bing and Google copied You.com's AI chat features
“Bing and Google copy, you know, what we have launched last late last year with you chat. And you know, they may have worked on it before, like some people, you know, claim, oh, for, I mean, we've also met the prompt engineering in 2018, but like, they've copie…”
Socher: You.com launched the world's first search-integrated LLM
“We've launched uChap and had the first LM with a search backend and citations and web links and so on in the search context which we launched last December before anyone else in the world”
Socher: You.com launched the first internet-connected LLM search chatbot
“Then we were the first last year to bring chats into the search context also by having the first LN shipped to the world, as far as we know that connected and had a connection to the internet.”
Socher: You.com solved AI hallucinations before anyone else
“We figured that, I don't know, problem of hallucinations out before anyone else.”
Socher: Microsoft Bing copied You.com's AI image generation feature
“That was eventually copied, and Bing also has that feature now within Bing.com.”
Socher: Consumers dislike paying for services even more than ads
“Truth is people don't like paying for things and they like it even less than advertisements.”
Socher: Studies show developers using You.com are more efficient than on Google
“Yeah, we actually did some studies and developers who use you.com are way more efficient than developers who use Google.”