Building a Generative AI Startup to $10M+ with a Virtual Team: Chris Lu, CEO of Copy.ai (Part 3)

Sramana Mitra: What kind of conversion rates were you seeing from free to premium?

Chris Lu: We got a lot of people who are international and who aren’t able to pay $49 a month. If you filter it down to the core markets – US, Canada, Australia, UK – it looks like a normal SaaS conversion metric.

Featured Videos

Cloud Stocks: Zscaler adds AI Capabilities to Cyber Security

Cloud security provider Zscaler (NASDAQ: ZS) recently reported its quarterly performance that outpaced market expectations. The company is leveraging AI technology to expand its product offerings and drive growth.

Building a Generative AI Startup to $10M+ with a Virtual Team: Chris Lu, CEO of Copy.ai (Part 2)

Sramana Mitra: What do you offer?

Chris Lu: When we first started, we were more of a copywriting app. We help write your email copy or sales copy. However, that has transformed over the years. Our entire vision has always been the business’ business. How do we become the product that helps your business assemble and run itself?

Video FAQs

Building a Generative AI Startup to $10M+ with a Virtual Team: Chris Lu, CEO of Copy.ai (Part 1)

Chris and Paul have built a front-end to Open AI and a significant business with over $10M in revenue. Now, they’re broadening their product capability to business workflows. We also discuss ideas and opportunities for new entrepreneurs.

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

Catching Up On Readings: Summer Game Fest 2023

This feature from The Sports Rush covers the game announcements, reveals, and trailers from the Summer Game Fest held online last week. For this week’s posts, click on the paragraph links.

Extending Product Roadmaps with Generative AI: Acrolinx CEO Volker Smid (Part 6)

Sramana Mitra: It seems like Microsoft, AWS, Google will create sophisticated AI-optimized cloud environments. These environments are going to be so advanced that you would be hard-pressed to argue against using one of those.

Volker Smid: The other aspect is if you have the system on-premise, it’s hard to be connected to external services. All the advantage of this connected infrastructure goes away if you deploy on-premise. There’s still sensitivity and concerns around security of cloud. There are European customers who don’t want to use a service that is hosted by companies that sit in the US because of information security.

Salesforce Keeps AI Under Control

Salesforce (NYSE: CRM) recently announced its first quarter results that continued to surpass market expectations. Salesforce is seeing the impact of economic pressures as well. Its clients are looking carefully at deals, which is impacting its sales cycle. Despite that, Salesforce remains optimistic about its outlook.

Extending Product Roadmaps with Generative AI: Acrolinx CEO Volker Smid (Part 5)

Sramana Mitra: From your product roadmap point of view, you operate in the post-content production scenario mostly, right? You’re looking at content and governing content. You’re not involved in the production piece.

Volker Smid: We are also involved in the content production piece because we provide the side bar for the authoring environment. When an author creates a piece of content, we have a side bar that is connected to the enterprise so that you can create content following the rules of the enterprise. We are connected to the production piece as well.