Catching Up On Readings: MLSec Market

This report from CB Insights looks at how the machine learning security (MLSec) market is growing as companies deploying generative AI-powered solutions invest in securing their AI applications against threats like sensitive data loss, data poisoning, and prompt injection. Startups in the space raised $213M last year, up from $70M a year ago. For the last two weeks’ posts, click on the paragraph links.

Featured Videos

Positioning a Generative AI Startup: Erik Severinghaus, Founder and CEO of Bloomfilter (Part 4)

Sramana Mitra: So, for six-seven years, you stayed in the same company, is that right?

Erik Severinghaus: No, I was at SpringCM. We built that. We got it growing again. We ended up selling that to DocuSign right before the pandemic.

The Startup Velocity Question: Venture Funding Bootstrapped Startups

As you know, I categorically support bootstrapped entrepreneurs.

There are numerous startups now that have achieved $4M-$5M in revenue without any external funding.

However, it has taken time. Sometimes, it has taken 5-7 years to get there.

VCs, however, are looking for velocity.

Video FAQs

The Startup Velocity Question: Selling to CFOs under Tightening Budget Conditions

In a tightening market, budgets are under scrutiny.

Positioning a Generative AI Startup: Erik Severinghaus, Founder and CEO of Bloomfilter (Part 3)

Sramana Mitra: It’s much more than that. We come up with this issue all the time. I recently published a series called The Startup Velocity Question, and the thesis of it is, ‘why do venture funded startups not achieve velocity?’, which equates to failure basically, because we see that trying to go from zero to a $100M in five to seven years. If you don’t hit velocity, you’re considered a failure. Why? So you may find this series interesting.

The Startup Velocity Question: Large Companies ALSO Have Problems

Many large companies with hundreds of millions in revenues are currently facing slowdown.

June 6 – 642nd 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 642nd FREE online 1Mby1M Mentoring Roundtable on Thursday, June 6, 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!

641st 1Mby1M Roundtable Recording

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