The Startup Velocity Question: Market Shifts Derail Companies

Let’s take a most obvious example: BPO companies offering large numbers of customer support agents to other businesses.

Enter AI.

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Bootstrapping First, then Raising Money to Build a $10M+ Generative AI Startup: Anthony Scodary, Co-Founder of Gridspace (Part 5)

Sramana Mitra: They want the problem solved, and if the problem is solved by a machine; that’s perfect. Here comes the sensitive question. What does this do to the workforce? What does this do to the bottom line? What are the human resource and financial metrics of your solutions in the call center?

Bootstrapping First, then Raising Money to Build a $10M+ Generative AI Startup: Anthony Scodary, Co-Founder of Gridspace (Part 4)

Sramana Mitra: What are the results of these deployments?

Anthony Scodary: For instance, we have one customer that calls when you’re discharged from hospitals, and they call thousands of patients a day. Some people spend twenty minutes talking with Grace. We build all our own language and speech synthesis models, so we’re able to make this really unified, low-latency experience that sounds like a person.

Video FAQs

Colors: Blocks IX

I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Blocks IX

Blocks IX | Sramana Mitra, 2022 | Watercolor, Pastel, Ink | 8  x 8, On Paper

Bootstrapping First, then Raising Money to Build a $10M+ Generative AI Startup: Anthony Scodary, Co-Founder of Gridspace (Part 3)

Sramana Mitra: Tell me a bit about the structure of these. As you were revolving from these pilots to actual deployment, sounds like your platform was strengthening. Who was doing the application layer? Was a part of your team doing the application layer or the customer’s team doing the application layer?

Colors: Blocks VIII

I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Blocks VIII

Blocks VIII | Sramana Mitra, 2022 | Watercolor, Pastel, Ink | 8  x 8, On Paper

Roundtable Recap: May 16 – Don’t Commit Years Of Your Life on a Bogus Idea

During this week’s roundtable, we had extensive discussion on the ideation phase of businesses. If you are going to commit 5-10 years of your life on a venture, please do so with adequate due diligence.

You can listen to the recording of this roundtable here:

For entrepreneurs interested to meet and chat with Sramana Mitra in person, please join us for an upcoming 1Mby1M Rendezvous meetup.

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Would AI Agents Disrupt Apple’s App Business?

Earlier this month, Apple (Nasdaq: AAPL) announced its second quarter results that outpaced market expectations. The market was impressed with the $110 billion buyback announcement, and its stock price increased 7% in the after-hours trading session.