Francisco Larrain, co-founder of conversational AI startup Sudo.ai, breaks down the terms and valuation of their seed funding round.
Insight
Francisco Larrain: Enterprise CRMs fail by relying on manual data entry
“The problem that we're trying to solve is that we think CRM customer relationship management systems and enterprise are broken. And we think that the reason that they're broken is that they rely on salespeople to be proactive about manually entering data into …”
Insight
Francisco Larrain: CRM automation must extract data directly from passive interactions
“The big insight that we had in the company is that you really want to flip the problem around. You want to be able to integrate, grab all the interactions, phones, emails, meetings, like virtual meetings, and extract information from that, surface it to the re…”
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Francisco Larrain: 80% to 90% of Sudo.ai interactions are AI-prompted
“And so we're about an 80 to 90% of the interactions now are prompted by pseudo.”
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Francisco Larrain: Proactive AI prompts increased Sudo.ai usage from weekly to daily
“Yeah, the interaction before, when it was essentially reactive, it was like two, three times for the 20% of the customers that are the most engaged, from two to three times a week to five to seven times a day. So we really kind of like boosted the interaction …”
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Francisco Larrain grew a Chilean hedge fund from $300M to $2.5B
“The size of the hedge fund was three hundred millions, and when I left it was 2.5 billion, so we had a really good ride there.”
Disclosure
Francisco Larrain: Sudo.ai has 30 to 40 unbilled private beta users
“So what we're doing is that we're working with like 30 or 40 customers right now, users, and, you know, we've learned tons from them, and, you know, also we've you know, we're not charging them because sometimes we have bugs, and like, you know, all those So a…”