Everything Justin Shum said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Node.ai's initial ideal customer profile is MBA students
“Our initial ICP will be actually MBA students.”
Every OpenAI feature release kills hundreds of startups
“Literally every release of from open AI kills hundreds of startups, right? Every single feature.”
The future of AI software is promptless, not conversational
“We see a promptless future. You shouldn't have to converse with your machines in order for them to extract value from them.”
Node.ai is trying to disrupt Wikipedia
“We're trying to actually disrupt Platforms like Wikipedia.”
Shum was outvoted and removed as Ask Avenue CEO by his board
“And so eventually, you know, it came down to, you know, voting, and I was outvoted, and I was actually removed from the company, but I was willing to leave.”
VC-backed startups are much easier to run than bootstrapped ones
“This one's venture backed, so I've gone through, you know, various structures, and I can say that this one is a lot easier when you're venture backed. You have just access to stronger advisors, more resources, and you really can, I wouldn't say take your time,…”
Node.ai rejected a $200k for 10% offer from Entrepreneur First
“We came out of a program called Entrepreneur First. Not sure if you're familiar with them. That's where I actually met my co-founders this time around. And their terms were, like, 10% for, like, 200,000. Not the greatest. And so we actually We actually didn't …”
Consultants and MBAs rely on just a dozen core frameworks
“We understand that MBA students as well as consultants leverage a dozen different frameworks. That's the outcome they want. They want to be able to do an analysis and apply framework.”
Node.ai raised a $500k pre-seed round from Drive Capital
“Yeah, so we just closed it actually last month. So it's pre-seed 500,000 USD from Drive Capital.”
Node.ai spent six months in discovery before writing any code
“We actually just started writing last week. So we've been building my, our co-founders my co-founders and I, we've been building across three different continents for the past six months.”
Ready Chat passed $1M ARR and sold for 3x revenue
“If you converted that to USD, yeah, it was it broke a million and because it was a hybrid between, you know, software and services, we didn't get a huge multiplier on it. It was about three X revenue for the acquisition.”