From PhD Student to Machine Learning Entrepreneur: SuperAnnotate CEO Tigran Petrosyan (Part 2)

Sramana Mitra: When you applied to the Berkeley accelerator, how much time passed between your $100,00 funding to the accelerator?

Tigran Petrosyan: We got accepted to Berkeley after two months and then into the program after four months.

Sramana Mitra: How long were you in the accelerator?

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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.

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Catching Up On Readings: TiE50 2023

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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.