Catching Up On Readings: ChatGPT Risks and its Responsible Use

This feature from Gartner identifies six ChatGPT associated risks that legal and Compliance leaders must evaluate and build appropriate measures to steer responsible use of ChatGPT. For this week’s posts, click on the paragraph links.

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Roundtable Recap: June 15 – Bootstrap First, Raise Money Later

During this week’s roundtable, we had several companies that have bootstrapped to revenue and are seeking fresh funding to get to the next stage. This is consistent with our Bootstrap First, Raise Money Later philosophy. You can study the subject in this course.

First, though, we had a great conversation with Max Brickman from Heartland Ventures about his firm’s investment thesis.

LIVID

First up, we had Matthias from Germany pitch LIVID, a high touch selling technology that is gaining its first traction in automotive.

Prosal

Next, we had Nick Lopez from the San Francisco Bay Area, pitch Prosal, a Saas company selling RFP management and business development software to SMB consulting firms.

DreamJob

Then we had Shazeeye Kirmani from Menlo Park, California, pitch DreamJob, an idea for upskilling tech professionals.

RogoFire

From Westminster, Colorado, we had Rod Goossen pitch RogoFire, a technology for managing fire fighter teams in action.

You can listen to the recording of this roundtable here:

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Best of Bootstrapping: Bootstrapped a Significant Software Company to Exit

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

When we spoke in 2015, Emagine CEO Dave Peters had managed to bootstrap a significant software company from Australia. The focus was on TELCO churn management, and the customer base was primarily Australian, Asian, and African. Read this interview to learn more of the nuances. In September 2017 Emagine was acquired by Comviva.

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

Dave Peters: I’m Australian. I grew up in a little town of 8,000 people, about five hours west of Sydney. It was a farming community and my father was an Anglican minister. That’s a pretty unlikely starting point for an entrepreneur.

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Video FAQs

Building a Generative AI Startup to $10M+ with a Virtual Team: Chris Lu, CEO of Copy.ai (Part 5)

Sramana Mitra: Series A is the last financing round?

Chris Lu: That’s been our last financing.

Sramana Mitra: Talk about your virtual team. You’ve chosen to move to Houston and build a virtual team.

608th Roundtable for Entrepreneurs Starting NOW: Live Tweeting by @1Mby1M

Today’s 608th FREE online 1Mby1M Roundtable for Entrepreneurs is starting NOW, on Thursday, June 15, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. CLICK HERE to join. MEETING NUMBER: 2554 766 7804  PASSWORD: startup  All are welcome!

608th Roundtable for Entrepreneurs Starting in 30 Minutes: Live Tweeting by @1Mby1M

Today’s 608th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, June 15, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. CLICK HERE to join. MEETING NUMBER: 2554 766 7804  PASSWORD: startup  All are welcome!

New PropTech Startups Course plus June Coupons

In addition to offering you up to 85% off the following Udemy courses this month, we are introducing the new course, PropTech Startup Case Studies with Sramana Mitra. Through this course, we explore our most informative and inspirational case studies of noteworthy startups founded by property and real estate technology entrepreneurs.

These coupons will expire on June 30, 2023, so enroll today!

Bootstrapping:

Bootstrap First, Raise Money Later with Sramana Mitra: TRY1MBY1MJUN2023BTS

Bootstrapping a Startup with a Paycheck with Sramana Mitra: TRY1MBY1MJUN2023PAY

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Building a Generative AI Startup to $10M+ with a Virtual Team: Chris Lu, CEO of Copy.ai (Part 4)

Sramana Mitra: In terms of function, it was still operating as a UI to OpenAI.

Chris Lu: Right. The early models were not as easy to use compared to the models today. There was still a good amount of work required to get good results.

Sramana Mitra: With the timing of the development of OpenAI and ChatGPT, you were coming in to a window where all of that wasn’t developed and you were offering usability.