Forma.ai

7 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Jul 17, 2023 by Nabeil Alazzam · said 15 times in 3 episodes since 2023 · across every show →

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brought up most by Pablo Srugo (9), Nabeil Alazzam (6)

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Everything said about Forma.ai, oldest first

Jul 17, 2023 positive
Opinion
Bootstrapping for three years forced Forma.ai to build a better product
“I think we ended up building a better product because for the first three years I bootstrapped, the only thing that mattered was our customer because they were the ones that were effectively footing the bill.”
Nabeil Alazzam Jul 17, 2023 ▶ 11:38 Nabeil Alazzam, Founder of Forma.ai | How the First Enterprise Sale Leads to Product Market Fit · PMF Show
Jul 17, 2023
Insight
Early enterprise buyers risk their careers and require extreme founder commitment
“You need to build up that level of credibility because the people that are Giving you that chance are betting their, sometimes their entire careers on the choice that they make. Those like the visionaries that are willing to buy in, they have a lot more to los…”
Nabeil Alazzam Jul 17, 2023 ▶ 29:53 Nabeil Alazzam, Founder of Forma.ai | How the First Enterprise Sale Leads to Product Market Fit · PMF Show
Jul 17, 2023
Assertion Not checkable as stated
Every sales rep at Forma.ai's first customer had the founder's cell number
“In the first 12 months of that customer, like, of, I would say, like, the beginning of that whole year, right? Because the fact of, like, the 2017 year, every single sales rep in that, like, in, on, on, that we're, in the teams that we deployed to, Had my cell…”
Nabeil Alazzam Jul 17, 2023 ▶ 21:53 Nabeil Alazzam, Founder of Forma.ai | How the First Enterprise Sale Leads to Product Market Fit · PMF Show
Jul 17, 2023 positive
Insight
Early enterprise customers are as visionary as the founders
“Your earliest customers are just as big of visionaries in the enterprise space as you are, because they see the problem and they put this solution together.”
Nabeil Alazzam Jul 17, 2023 ▶ 6:32 Nabeil Alazzam, Founder of Forma.ai | How the First Enterprise Sale Leads to Product Market Fit · PMF Show
Jul 17, 2023
Insight
Enterprise buyers trust hard cost savings over revenue uplift from startups
“So this first one, you can kind of easily build up in the early stages with a customer. If they spend enough time with you could say, this is what's happening today. Here's exactly what you're going to do in the future. I can build a case off of cost savings. …”
Nabeil Alazzam Jul 17, 2023 ▶ 24:46 Nabeil Alazzam, Founder of Forma.ai | How the First Enterprise Sale Leads to Product Market Fit · PMF Show
Jul 17, 2023
Assertion Not checkable as stated
Forma.ai grew to 23 people in Alazzam's house before raising capital
“I founded the company out of my house. So we basically started my dining room table after we grew past five, took over my living room, and basically by the end of the bootstrapping days in, in early 2020, we got up to basically 20, 23 people. So the whole hous…”
Nabeil Alazzam Jul 17, 2023 ▶ 14:52 Nabeil Alazzam, Founder of Forma.ai | How the First Enterprise Sale Leads to Product Market Fit · PMF Show
Jul 17, 2023
Assertion Not checkable as stated
Stryker Canada gave Forma.ai eight months to build and win their contract
“So it was September, 2016. If we build the product and roll it out by April, 2017, then they wouldn't renew their contract because their contract was expiring with an incumbent and they would switch over to Forma.”
Nabeil Alazzam Jul 17, 2023 ▶ 8:28 Nabeil Alazzam, Founder of Forma.ai | How the First Enterprise Sale Leads to Product Market Fit · PMF Show
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