Mortensen: x.ai reached seven-figure ARR within months of charging
Dennis Mortensen · Did Everyone Make Money in the Bizzabo X.AI Deal? · Jul 9, 2021 · at 22:29
Dennis Mortensen, founder of x.ai, discusses revenue growth speed after commercializing the AI scheduling product.
0:00 / 0:12exact quote · 12.5s
720p mp4 · rendered on demand · StarZero watermark
“We ramped up in a few months to seven figures in ARR when we started charging for it. As in, kind of killed it. As if I looked at any one of my prior ventures, I actually really never kind of ramped up to seven figures at that rate.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Dennis Mortensen
Mortensen: Scaling AI before solving accuracy risks polluting training data
“The worst thing that can happen right now is that I start to pollute my data set because I think I have everything solved. So we are extremely protective about that data set.”
Mortensen: x.ai lost one-third of customers after removing human verification
“That was the worst moment, I think, in our history for where we churned in that next couple of months, a third of all our customers, our whole customer base.”
Mortensen: AI navigating external scheduling links is beyond current capabilities
“Our solution doesn't have the intelligence to pick up some link in some text, visit that website, look at it through the eyes of, say, something like a human, and figure out, I should probably click one of these links and determine from what I see what time we…”
Mortensen: The AI scheduling platform with the largest network wins
“Whoever gets to build the bigger network first, It's probably going to end up having some sort of advantage, because if you and me both used Amy or Andrew, neither you nor me would have to do anything.”