AI startup

“Just because you're getting free credits doesn't mean that that's a cost that doesn't exist. It just means you're hiding it for the moment. So companies that hide behind OpenAI credits and claim that they've got these huge, huge gross margins have a nasty shoc…”

“One thing I'm seeing that's interesting is I feel like a lot a lot more founders are dropping out of college to start working on AI.”

“It is easy when there's a new technology platform to say, well, because I'm doing some of the AI, the rule, the laws of business don't apply to me. I have this magic technology, and so I don't have to build a moat or a you know, competitive edge or a better pr…”

“Yeah, I would say if you're a founder, the right approach is to start with the very best model you can, because, you know, your startup is only going to be successful if it exploits some, something about AI that realistically is going to be on you know, the fr…”

“Meta prompting, which is one of the things we want to talk about, because that's a consistent theme that keeps coming up when we talk to our AI startups.”

“We surveyed more than a dozen companies and got their take right from the frontier of building this stuff, the practical tips.”

“The hype level on AI is, is, is pretty intense as you've seen. You know, you see companies that are, I don't know, less than a year old getting sometimes billion dollar or multibillion dollar valuations. Which I guess could pan out and probably will pan out in…”

“You should assume that if you have a big hit, if your company is something that can make revenue on the scale of hundreds of millions of dollars, or potentially billions of dollars, you should always assume that a model company will copy it. Mainly because the…”

“A lot of those pilots are not converting to real revenue, and there's going to be a mass extinction event as a lot of pilot revenue, it's like, instead of ARR, it's like PRR, like Pilot Recurring Revenue, or something like that, or not even recurring, just Pil…”

“Your product isn't just the pixels on the screen. It's not just what happens when you click this button. It's the human interactions with your support, customer success, with the founder it's training, it's, you know, everything around it. If you don't get tha…”

“Yeah, like, post-series A, it actually largely feels, like, the playbook is the same, and the companies might be smaller for the same amount of revenue, but it Feels it's entirely because they hit the revenue so fast and there's still just bottlenecked on how …”

“Startups like the future Facebook or the future Google are yet to be started because those come in in the deployment phase, because right now I think these things, things are still getting built up.”