Everything Jason Boehmig said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Boehmig: First-time founders cannot scale to IPO without hiring superior leaders
“I honestly think it's honesty and that there is no way that any founder who has not done this three or four times before can be a competent CEO scaling from seed to C and D and eventually IPO. And I think step one is just admitting that you need to hire and wo…”
Boehmig: AI Is at Peak Hype and Heading Into a Trough
“I do think we are at the peak of inflated lofty expectations in AI, and there's a, for good reason, there's a lot of excitement, but I think the trough is coming, and what we gotta do to get out of the trough is find the repeatable value in AI, and it, I think…”
Boehmig: Allowing VCs to drive key business decisions means founders failed
“I think it goes back to that intellectual rigor before is a VC can't make a critical business decision for you. And it seems like a failure to me just on first principles of a VC is driving a critical business decision for you. That means you, by definition, h…”
Boehmig: Sticking to Main-Branch Foundation Models Beats Custom Model Training
“Staying on the main branch, staying on the core capabilities and supplementing it with fine tuning and additional techniques like RAG seems to be the approach that's winning right now.”
Boehmig: Selling Repeatable $1M ARR Deals Beats Optimizing Enterprise PLG
“I think my big learning from this is not everything needs to be a PLG product. And if I could go give myself advice three years ago, it would be go figure out a way to sell more million ARR repeatable deals. And that's your path to efficiency, as opposed to tr…”
Boehmig: Human-AI Collaboration Will Beat Pure Machine Automation
“This combination of human and machine will beat the machine only.”
Boehmig: Unpredictable 5% Error Rates Make Unconstrained AI Dangerous in Contracts
“Especially for knowledge work, you don't want five percent of your contract work to be wrong, especially if you don't know what five percent might be wrong. Huge cost to that. And having the right human checkpoints there is still the best way to do things, and…”
Boehmig: Legal contracts are the most important business technology ever invented
“So the contract is, I would say, the most important piece of business technology ever invented.”
Boehmig: The legal profession has been in crisis for decades
“The legal profession has been in this crisis for the past couple of decades, really. And it's just getting worse year and year where you've got people that are just incredibly unhappy in the job.”
Boehmig: Legal tech adoption will increase during an economic downturn
“And I'll actually say that I'm excited for a recession or a downturn, because legal is a extremely counter cyclical industry. And I think now that we've established ourselves as a market leader within our vertical, that we're going to see a lot of folks actual…”
Boehmig: Extending job offers without complete conviction is a mistake
“If you have an iota of doubt in the hiring process, and you feel like you could not be that disappointed if this person didn't join, anytime that we haven't gotten to complete certainty, I think is a mistake. And you should almost be heartbroken if the person …”
Boehmig: Ironclad Customers See Tens of Millions in AI Business Value
“We're working with customers who are seeing tens of millions of dollars in attributable business value to speeding up attorney workflow, doing things in house that they used to have to send out out house.”
Boehmig: 60% of Ironclad Enterprise Customers Have Adopted AI
“We have 60% of our customers that have adopted AI.”
Boehmig: Early advisors told Ironclad not to sell to the legal vertical
“A lot of people told us to not sell to the legal vertical. You know, these people haven't bought software before. They're not going to be the base for building a game-changing technology company. It's kind of a backwater. Don't do that.”
Boehmig: Hyper-local geographic constraints accelerate early startup product iteration
“So that rapid iteration and actually constraining ourselves to a really small geographic area, I think, helped us move a lot faster than companies that are trying to go on a much larger scope right from the beginning.”
Boehmig: Early startups should lean into frustrated users to create champions
“You need to really lean in to early frustrated users because that's where you can really turn them into champions, and where you really get the best possible source of information.”
Boehmig: Early startup hires are sold on team dynamics over company vision
“And if we look at our second employee, it was someone that I had worked with at a previous job, and we just got along great. And that teamwork vibe was the selling point there, as opposed to even the vision of the company at that point. So super hustly and net…”
Boehmig: Treat VC board member selection like hiring key team members
“I really look at our board members as Being parts of the team and putting just as much effort into hiring them as we do with a normal team member.”
Boehmig: A VC's unwillingness to make customer intros is a bad sign
“So I think that's a really great place to start is just a few customer intros. It really doesn't hurt anyone to make those. And it's a bad sign if your potential investor isn't willing to make them.”
Boehmig: Ironclad Uses AI to Ingest Contracts and Automate Implementation
“What we're seeing early progress on is this ability of AI to help actually discover preferences, ingest a bunch of contracts, understand what the legal team we're working with likes to do, and then actually help implement that in the software so that when they…”
Boehmig: Ironclad's 2014 AI Contract Extraction Vision Failed Then, Works Today
“We started Ironclad in 2014 as ironclad.ai. And the basic idea around this was companies have lots of contracts. They don't really know what's in them. What if we used AI to read the contract and build a database? That turns out that didn't actually work in 20…”
Boehmig: Ironclad Generates Nine Figures in Revenue
“So we're, we have this like enterprise product, nine figures of revenue, growing great, good clip, a lot of the company oriented around that.”
Boehmig: Ironclad's sixth hire rose from data entry to head of support
“When we look at employee six, who joined right after Toby, doesn't have a college degree, started doing data entry for us for, I think, 10 bucks an hour, and was so thoughtful and humble and motivated and competent at doing that, that we just kept giving her m…”
Boehmig: Reducing complex legal work to checklists maximizes impact
“If you can reduce routine work to a simple checklist and do the same thing each and every time, it's one of the best ways to have an impact in anything from surgical outcomes to legal transactions. And so what ironclad does is actually puts a checklist for eac…”