Prayank Swaroop discusses portfolio company Onsitego's revenue performance.
Opinion
Swaroop: India lacked foundational AI models due to scarce capital and late focus
“I think the foundational layer is just absent in India. And I think that has to do with talent that has to do with capital availability and others. We just don't have enough deep pockets To go after that. But more so it is, I think nobody was focused. No inves…”
Disclosure
Swaroop: Accel Atoms reviewed 900 AI applications, finding only one viable investment
“In for example, Axel Atoms, when we opened the first time AI cohort we got some 900 applications from AI, and I think 500 of them were marketing AI companies, which had already happened in the US in terms of actual original, very different ideas. Maybe there w…”
Disclosure
Swaroop: Accel early-stage deals require no voting, allowing single-partner conviction
“So we don't have voting. If one person thinks that we should invest in this team, we do. So even now I think for up to a certain amount of check sizes only one person can just invest if obviously at a risk management, if more larger check size, you know, like …”
Insight
Swaroop: $500K-funded startups sometimes scale faster than $5M-funded peers
“And at least what I have observed is a company which you give, let's say a half a million versus a company which you give a five million. Sometimes the half a million company scales much faster, better than the five million company, because the half a million …”
Prediction Not checkable as stated
Swaroop: Indian foundational AI models will take 18 months to emerge
“The foundational layer is not something which will happen in six months, seven months. I think it will take 18 months, but it has to happen.”
Assertion Not checkable as stated
Swaroop: AI startups hit double-digit millions in under a year via PLG
“A lot of the AI companies are shooting up like crazy. They're going from zero to double digit million revenue in less than a year. A lot of that is happening because of PLG motion, which is working in favor of enterprises.”