Insight
Masood: Open source projects are among the most efficiently run software projects
“We, as a company, we have this hypothesis that open source projects are one of the most efficiently run projects as a whole, because Typically when people are pursuing side projects, they have a timeline and they need to get things done quickly, but they like …”
Assertion Not checkable as stated
Masood: Product managers spend roughly 70% of their time on project scoping
“We had about 10 to 15 contractors early on that were actually, you know, running the scoping process. And we were comparing results between what the AI could do versus what human product managers were mapping out. And what we found was that there was about 70%…”
Insight
Masood: Companies accept AI hiring for freelance roles, not full-time
“Plus we found that companies were more willing to allow AI to make the recruiting decision when it was primarily for freelance positions. So even with full time, they were still not willing to like Allow an algorithm to recruit developers specifically that wer…”
Prediction Not checkable as stated
Masood: Tara will grow from $80K to $140K MRR within two months
“And so from, but we're actually going to go from 80 K to about a 140 K in the next two months because of the enterprise deals that we're almost about to close.”
Assertion Not checkable as stated
Masood: Freelance developers regularly cross-list across Toptal and Tara
“We have TopTile developers on our platform too. It's not like every developer just joins one platform. They usually join multiple.”
Insight
Masood: Building a machine learning platform takes two to three years
“We started developing the product in 2015 because it takes two to three years just to build out an ML platform.”
Disclosure
Masood: Tara Intelligence has roughly 8% monthly logo churn
“We're at about eight percent churn.”
Assertion Not checkable as stated
Masood: Tara trained early AI models on roughly 5,000 software projects
“So we used roughly about our early data set included about 5000 software projects, and we use that to train our system to understand that, okay, with an iOS app, if the iOS app requires a two sided marketplace, here are the typical milestones, tasks, and this …”
Assertion Not checkable as stated
Masood: Tara charges enterprise clients $120k annually plus marketplace fees
“So we're looking at about a 120 K annual. And then on top of that, there's also marketplace charges.”
Assertion Not checkable as stated
Masood: Freelance developers on platforms like Upwork averaged $200 per widget project
“We found that the average developer was being paid about 200 dollars on the leading freelance marketplaces like Upwork. And they had to 200 dollars for a small widget project. Okay. And so they would need to take at least 10 to 18 of those projects in a month …”
Assertion Not checkable as stated
Masood: Tara has about 10 enterprise and 65 total customers
“So enterprises, we have about 10. A total companies, we have about 65.”
Assertion Not checkable as stated
Masood: Tara generates 60% of revenue from talent placement, 40% from software
“So about 60% of our revenue comes from placing the talent, and about 40% is coming from the software.”
Disclosure
Masood: Tara Intelligence burns around $110,000 per month
“So well, our burn as of today is at about a 110 K.”
Disclosure
Masood: Tara Intelligence spends roughly $20k to acquire a $120k customer
“So for example, if one customer closes at about a 120, a 120 K, then we've probably spent roughly about 20,000 dollars to acquire them.”
Disclosure
Masood: Tara shifted contract pricing from $40K-$50K to $120K
“So we started pitching our 120 K annual contract model last month.
before that, a lot of our customers were on 40 K to 50 K.”
Assertion Not checkable as stated
Masood: Tara Intelligence is growing at about 140% year-over-year
“Right now it's about a 140%.”
