
More often than not, an honest Total Available Market (TAM) analysis yields small or medium sized markets. This could range from $50M, $100M, $200M to $500M.
>>>Sramana Mitra: All right, let’s discuss the second example.
Ashmeet Sidana: Sure, another example I’m very proud of is a company called Robust Intelligence. Again, I was the first investor and they did a good job. CEO Yaron Singer, PhD from Berkeley, was at Harvard when he observed the hallucination problems with the development and deployment of AI models.
>>>
An acute lack of understanding of Ideal Customer Profile (ICP) and an inadequate Market Segmentation result in artificially bloated TAM.
Often, Segmentation is too broad.
Let’s look at an example.
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Ashmeet Sidana, Chief Engineer at Engineering Capital, talks about his AI investment thesis. It’s a wonderful discussion that not only entrepreneurs should listen to, but investors should also listen in to calibrate their own investment thesis.
>>>Sramana Mitra: What percentage of the students of these 10K students on your platform are performing at high levels?
Josh Jones: Let me, tell you our latest number. I think it is 581 in the last semester.
Sramana Mitra: That’s very good. And they all have internships?
>>>Sramana Mitra: Can you discuss pricing for this K-12 data science training program? What kind of schools? Is this part of the curriculum now? Is data science being taught at a curriculum level? What’s the state of the union?
Josh Jones: I’d be happy to go much, much deeper into this area because it’s a passion point and it’s what I’m doing 24 hours a day right now. We were just in Virginia the last two days teaching 125 data science teachers from across the state. I’m in Chicago today meeting up with Data Science for Everyone, which is a nationwide initiative around getting data skills training in schools.
>>>
Entrepreneurs are invited to the 647th FREE online 1Mby1M Mentoring Roundtable on Thursday, July 25, 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!
Naganand Doraswamy, Managing Partner and Founder at Ideaspring Capital, discusses how he is thinking about investing in AI. There’s a lot of confusion around AI right now. The hype is astronomical. Amidst this noisy environment, we’re trying to bring you some signal, some wisdom.
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