Positioning a Generative AI Startup: Erik Severinghaus, Founder and CEO of Bloomfilter (Part 2)

Sramana Mitra: How did you get that off the ground? Erik Severinghaus: It began with me just investing my own personal money – the money I made at IBM and some of the money that I made at iContact. After maybe a year or so of running it, I started to look for outside capital and

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641st 1Mby1M Roundtable for Entrepreneurs Starting NOW: Live Tweeting by @1Mby1M

Today’s 641st FREE online 1Mby1M Roundtable for Entrepreneurs is starting NOW, on Thursday, May 23, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup  All are welcome!        

641st Roundtable for Entrepreneurs Starting in 30 Minutes: Live Tweeting by @1Mby1M

Today’s 641st FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, May 23, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup  All are welcome!

Positioning a Generative AI Startup: Erik Severinghaus, Founder and CEO of Bloomfilter (Part 1)

Erik discusses his journey as a serial entrepreneur and we deep dive into the Positioning of Bloomfilter. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and what kind of background?

The Startup Velocity Question: VC Portfolios

As discussed, the Venture Capital model looks for hyper growth startups that grow at an exponential pace. Companies that can go from 0 to $100M in revenue in 5-7 years. Hyper Growth is not a natural state of business. Most businesses grow at a linear pace at best.

The Startup Velocity Question: MicroVC Portfolios

As of December 31, 2023, in the United States alone, there are 54,000 venture funded startups. Let us refresh our memories on what constitutes the Venture Capital model: hyper growth startups that grow at an exponential pace. Companies that can go from 0 to $100M in revenue in 5-7 years.

Bootstrapping First, then Raising Money to Build a $10M+ Generative AI Startup: Anthony Scodary, Co-Founder of Gridspace (Part 7)

Sramana Mitra: I have one last question on the engineering stack. To what extent were you able to leverage existing models and components that are out there? To what extent did you have to kind of do things from scratch? Anthony Scodary: That’s a good question. In general, we try to build everything in Gridspace

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The Startup Velocity Question: Accelerator Portfolios

There are over 7000 Incubators and 3000 Accelerators around the world by now. On average, they take 25-30 companies per cohort, give each $15k-$150k in pre-seed funding, and off the bat, drive them to seek exponential growth funded by Venture Capital.