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Machine Learning AI Startup Case Studies with Sramana Mitra

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Featured Videos

From PhD Student to Machine Learning Entrepreneur: SuperAnnotate CEO Tigran Petrosyan (Part 1)

Tigran and his brother were Ph.D. students when they decided to quit their Ph.D. program and build a company out of their Ph.D. research technology.

They have since raised over $15M in funding and built a customer base of ~200 in their ML Ops business. They are leveraging countries like Armenia and Bangladesh for development and data services.

Catching Up On Readings: TiE50 2023

This feature from TiEcon covers the winners of the 2023 edition of TiE50, TiE Silicon Valley’s premier annual awards program, contested by thousands of early to mid-stage startups worldwide. For this week’s posts, click on the paragraph links.

Video FAQs

How NOT To Build a Startup: Ned Hill, CEO of Position Imaging (Part 7)

Sramana Mitra: Let’s go back to the point you were pivoting. How much money did you get at that point to do the pivot?

Ned Hill: Very little on a grip. My burn rate was over $100,000 a month. I was being given a couple hundred thousand dollars to go through the next couple of months. I knew I needed some commercial traction. I approached UPS and told them what I was doing. We did a pilot.

Sramana Mitra: Paid pilot?

Colors: Mendocino V

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 – Mendocino V

Mendocino V | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 9  x 12, On Paper

Color: Mendocino IV

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 – Mendocino IV

Mendocino IV | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 9  x 12, On Paper

How NOT To Build a Startup: Ned Hill, CEO of Position Imaging (Part 6)

Sramana Mitra: Five years have gone by at this point and then you do the pivot. How much money has gone in in these five years?

Ned Hill: $3 million or $4 million. It wasn’t that we weren’t doing commercial deals. I had prepped everybody that this was going to take a while. We had the ability to show people what we had created. It is mind-blowing. They had faith in me.

Best of Bootstrapping: Bootstrapped First, Raised Money Later to Exit

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

Continuing with our theme of Bootstrap First, Raise Money Later, here is Founder William King’s story of bootstrapping Zephyr Health, a robust company in the healthcare industry. This strategy led to funding by Kleiner Perkins by the time we spoke in 2015. Zephyr Health was acquired in 2018 by Anju Software.

Sramana Mitra: Let’s start at the very beginning of your story. Where are you from? Where were you born, raised, and in what kind of circumstances?

William King: I was born in Princeton, New Jersey. I lived in Princeton until I was 18. I’m the oldest of six children. That’s a little bit unique in that we had a lot of action in the house. The age span was actually a difference of 10 years, which was pretty interesting and pretty heroic, now that I’m a parent myself. As a child, part of my experience in growing up was leading my siblings and helping them to participate. Kids look up to their older brothers and sisters. A lot of what was instilled in me at a very young age is this notion of making good choices, collaboration, and the idea that people are paying attention to the things that you’re doing.

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