Ada

8 statements across 3 episodes · 4 bullish · 0 bearish · 2 people on the record · first statement Oct 17, 2022 by Mike Murchison · said 35 times in 6 episodes since 2022 · across every show →

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brought up most by Pablo Srugo (17), Mike Murchison (17), Rafael Broshi (1)

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Everything said about Ada, oldest first

Oct 17, 2022 positive
Insight
Murchison: Excellent software requires mastering the underlying manual process
“All software is at a fundamental level, all software does is it replicates and scales some manual process that exists in the physical world. And our belief is the extent to which you can understand that manual process better than anyone else, or at least under…”
Mike Murchison Oct 17, 2022 ▶ 22:45 How to Pivot to Product Market Fit | Mike Murchison, Founder of Ada ($1B+ Valuation) · PMF Show
Oct 17, 2022
Assertion Not checkable as stated
Murchison: Ada co-founders worked support at seven companies simultaneously
“We were employed by seven different companies at one point, all at the same time. And we lived and breathed customer service for the better part of a year.”
Mike Murchison Oct 17, 2022 ▶ 10:36 How to Pivot to Product Market Fit | Mike Murchison, Founder of Ada ($1B+ Valuation) · PMF Show
Oct 17, 2022 neutral
Disclosure
Murchison: Ada began as an internal tool before becoming a pivot
“Initially this was about a curiosity we had around, you know, solving a problem that we were experiencing as the leaders of Volley and not as a, you know, as a, oh, this is a pivot opportunity, or this is a new business venture. It was about solving our own op…”
Mike Murchison Oct 17, 2022 ▶ 8:05 How to Pivot to Product Market Fit | Mike Murchison, Founder of Ada ($1B+ Valuation) · PMF Show
Oct 17, 2022
Disclosure
Ada founders secretly tested their own software while working as support agents
“The reason we knew Ada worked in the early days or was going to work is because we didn't get fired. You know, we ran this software and our managers, you know, they didn't care. Like they loved the fact that response times went down. They couldn't tell the dif…”
Mike Murchison Oct 17, 2022 ▶ 31:52 How to Pivot to Product Market Fit | Mike Murchison, Founder of Ada ($1B+ Valuation) · PMF Show
Oct 17, 2022 neutral
Disclosure
Mike Murchison never generated a dollar of SaaS revenue before founding Ada
“I hadn't I had not generated a dollar in SAS revenue in my entire career before ADA.”
Mike Murchison Oct 17, 2022 ▶ 35:12 How to Pivot to Product Market Fit | Mike Murchison, Founder of Ada ($1B+ Valuation) · PMF Show
Oct 17, 2022 positive
Insight
Murchison: Minimizing customer contact is an obsolete legacy from analog call centers
“The paradigm of talking to your customers less, you know, is really, really born of an era where, People really weren't making as many data informed decisions. And it might have been because a lot of this information wasn't digitized to begin with. If you're r…”
Mike Murchison Oct 17, 2022 ▶ 6:33 How to Pivot to Product Market Fit | Mike Murchison, Founder of Ada ($1B+ Valuation) · PMF Show
Mar 8, 2024 positive
Assertion Supported
Srugo: Toronto Startup Ada Surpassed $50M ARR and Unicorn Status
“Ada's now a unicorn out of Toronto doing over fifty million in ARR.”
Pablo Srugo Mar 8, 2024 ▶ 5:07 The Five Steps to Product Market Fit · PMF Show
Jan 9, 2025 positive
Assertion Not publicly verifiable
Srugo: AI customer service platform Ada has surpassed $50M ARR
“So I, one of the people I spoke with was Mike, the CEO of Ada. Which is doing, you know, over fifty million dollars ARR, it's a unicorn, etc.”
Pablo Srugo Jan 9, 2025 ▶ 9:46 The 5 Steps to Product-Market Fit w/ Chris Saad, ex-Head of Product at Uber, Host of The Startup ... · PMF Show
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