AI Unicorns: DataRobot Delays Listing Plans

According to a recent report, the global generative AI market size is expected to grow 37% annually through 2030. The industry was estimated at $13 billion in 2023. While AI has become a buzz word more recently, companies like Boston-based DataRobot have been working on AI and ML tools for quite a while.

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Long Bootstrapped Journey into Cutting-Edge Generative AI: Jeff Kuo, Founder of Ragic (Part 3)

Sramana Mitra: But the no-code hypothesis was correct.

Jeff Kuo: The hypothesis is pretty much correct, and up to now, it still seems quite correct. But the no-code part is hard to do technically. Not just that, it’s very hard to teach non-technical people to learn how to do this. It is a lot harder than I expected.

Best of Bootstrapping: Bootstrapped a SaaS Business with a Paycheck and Scaled

If you haven’t already, please study our free Bootstrapping Course and Investor Introductions page. 

I love doing stories of entrepreneurs who are long-time readers of the 1Mby1M blog. Kovai CEO Saravana Kumar is one of them. This is a wonderful story from 2020 of how he scaled a SaaS company from Coimbatore!

Sramana Mitra: Let’s start at the beginning of your journey. Where were you born and raised? What kind of background did you have?

Saravana Kumar: I was born and brought up in India. I was from a city called Coimbatore in Tamil Nadu. After finishing my master’s in 2000, I got an opportunity to work in London. I took my exam on a Friday and I got the job on Monday morning in London.

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Long Bootstrapped Journey into Cutting-Edge Generative AI: Jeff Kuo, Founder of Ragic (Part 2)

Sramana Mitra: What was the project? What was Ragic and your master’s thesis that you were trying to productize?

Jeff Kuo: I was studying semantic web and AI-related subjects. Back then, Semantic Web was quite popular. Ragic came out of Semantic Web to map information data in a graph-based model so that it can be shared between different organizations.

Best of Bootstrapping: Bootstrapped a Virtual Company to $10M from Atlanta

If you haven’t already, please study our new Bootstrapping Course and Investor Introductions page. 

We’re big fans of bootstrapping, virtual companies, and domain knowledge. FPD Solutions (formerly Field Pros Direct) Founder CEO Matt Anderson’s story from 2020 has all these ingredients.

Sramana Mitra: Let’s start at the beginning of your journey. Where are you from? Where were you born and raised? What kind of background did you have?

Matt Anderson: I’m from a small town northeast of Tennessee called Rogersville. It’s a rural area in the foothills of the Smokies. It’s very beautiful there. I went to East Tennessee State University. I had an aspiration to play football. That’s what drew me to that college. I grew up in that rural town and went on to East Tennessee State. 

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Long Bootstrapped Journey into Cutting-Edge Generative AI: Jeff Kuo, Founder of Ragic (Part 1)

Businesses are finding unexpected benefits by incorporating Generative AI into their product roadmaps. Ragic has built a $5M ARR no-code platform in the market. A Generative AI front-end is adding unprecedented usability and adoption momentum. Fascinating!

Sramana Mitra: Alright, Jeff, let’s go to the very beginning of your journey. Where are you from? Where were you born, raised? What kind of background?

Jeff Kuo: I was born and raised in Taipei, Taiwan. I mostly grew up here, but in my childhood, I lived for two years in the US in Michigan.

Catching Up On Readings: AI 100 2024

This annual list from CB Insights is the eighth annual ranking of the 100 most promising private AI companies in the world. For this week’s posts, click on the paragraph links.

AI Unicorns: Cohere is Looking to Double its Valuation

According to a report published last year, the generative AI market is expected to grow at 42% CAGR to reach $1.3 trillion in 2032 from $40 billion in 2022. The growth in the industry is expected to be driven by training infrastructure for large language models (LLMs) along with specialized software and services for the industry. The boom in the industry has seen several smaller players making significant investments in the technology. One such player is Cohere.