1Mby1M Virtual Accelerator AI Investor Forum: With Yash Hemaraj, General Partner at BGV (Part 6)

Sramana Mitra: I have one last question, Yash, before we adjourn. The SaaS industry has been around for 15-20 years. Around 2008 is when it started really hitting its stride. It’s 2024, so it’s been a while. Then AI came in around 2015-16. Generative AI came in last year. There are cloud companies, SaaS companies, and vertical SaaS companies that are much further along, that have some heft. But now there are AI companies coming into the same markets with AI-enabled solutions, competing with those somewhat hefty vertical SaaS companies. And the answer from the incumbents is, we do co-pilots to introduce AI into the process.

What are you seeing in the market? It’s not a sufficient solution to produce an AI-enabled SaaS application. What is your perspective? What are you seeing in your portfolio?

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1Mby1M Virtual Accelerator AI Investor Forum: With Yash Hemaraj, General Partner at BGV (Part 5)

Sramana Mitra: So I think the subtlety here is that if the decision makers are not adjacent decision makers, then the whole sales cycle has to be repeated. You may get a referral that, “Oh, we’re using this product and this product is doing well for us.” Right now, from a technology point of view, the same technology can be applied to a lot of different things. Your agent technology, for instance, can be applied to various use cases—like marketing, human resources, or engineering—but these aren’t adjacent use cases. They’re far apart within an organization, and in a larger enterprise, that adds complexity.

October 17 – 659th 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 659th FREE online 1Mby1M Mentoring Roundtable on Thursday, October 17, 2024, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST.

If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.

You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested. All are welcome!

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658th 1Mby1M Entrepreneurship Podcast with Benjamin Narasin, Tenacity Venture Capital

Benjamin Narasin, Founder and General Partner at Tenacity Venture Capital, discusses his AI investment point of view.

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658th 1Mby1M Roundtable Recording

In case you missed it, you can listen to the recording of this roundtable here:

Roundtable Recap: October 10 – AI Investment Thesis with Benjamin Narasin, Tenacity Venture Capital

During this week’s roundtable, we had Benjamin Narasin, Founder and General Partner at Tenacity Venture Capital, discuss his AI investment point of view.

FrameUs

As for our pitch today, we had Sylvie De Smet from Bruges, Belgium, pitch FrameUs.

You can listen to the recording of this roundtable here:

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1Mby1M Virtual Accelerator AI Investor Forum: With Yash Hemaraj, General Partner at BGV (Part 4)

Sramana Mitra: Enterprise has always been like that. We have this solution selling methodology that you have to break it down to technical decision makers, economic buyers, champion, and coach. That has always existed.

658th 1Mby1M Roundtable for Entrepreneurs Starting NOW: Live Tweeting by @1Mby1M

Today’s 658th FREE online 1Mby1M Roundtable for Entrepreneurs is starting NOW, on Thursday, October 10, 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!