Justin Shum

1 appearance on the record.

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11statements → 4claims → 0claims resolved → 4/5average certainty → 2.18/5average debate potential →

4 not checkable as stated how the 4 claims stand · each chip opens the sources

1 prediction · 3 assertions · 1 opinion · 2 insights · 4 disclosures · every statement was checked. The prediction and assertions are the 4 claims: statements the public record can support or contradict. 0 are resolved, and 4 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Justin argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

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Everything Justin Shum said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Disclosure
Node.ai's initial ideal customer profile is MBA students
“Our initial ICP will be actually MBA students.”
Justin Shum Aug 11, 2023 ▶ 8:16 Can this new AI tool grow into their $10m valuation?
Opinion
Every OpenAI feature release kills hundreds of startups
“Literally every release of from open AI kills hundreds of startups, right? Every single feature.”
Justin Shum Aug 11, 2023 ▶ 10:18 Can this new AI tool grow into their $10m valuation?
Prediction Not checkable as stated
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.”
Justin Shum Aug 11, 2023 ▶ 11:28 Can this new AI tool grow into their $10m valuation?
Disclosure
Node.ai is trying to disrupt Wikipedia
“We're trying to actually disrupt Platforms like Wikipedia.”
Justin Shum Aug 11, 2023 ▶ 16:00 Can this new AI tool grow into their $10m valuation?
Assertion Not checkable as stated
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.”
Justin Shum Aug 11, 2023 ▶ 4:44 Can this new AI tool grow into their $10m valuation?
Insight
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,…”
Justin Shum Aug 11, 2023 ▶ 5:17 Can this new AI tool grow into their $10m valuation?
Disclosure
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 …”
Justin Shum Aug 11, 2023 ▶ 6:40 Can this new AI tool grow into their $10m valuation?
Insight
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.”
Justin Shum Aug 11, 2023 ▶ 15:17 Can this new AI tool grow into their $10m valuation?
Disclosure
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.”
Justin Shum Aug 11, 2023 ▶ 5:46 Can this new AI tool grow into their $10m valuation?
Assertion Not checkable as stated
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.”
Justin Shum Aug 11, 2023 ▶ 9:30 Can this new AI tool grow into their $10m valuation?
Assertion Not checkable as stated
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.”
Justin Shum Aug 11, 2023 ▶ 1:51 Can this new AI tool grow into their $10m valuation?

Appearances (1)

EpisodeDateSpeaking time
Can this new AI tool grow into their $10m valuation? Aug 11, 2023 11m
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