According to a recent report, the AI market is estimated to grow at 37% CAGR from $279 billion in 2024 to $1.8 trillion by 2030. Perplexity AI continues to make its presence felt in the market with the launch of new offerings.
>>>Sramana Mitra: Healthcare is big, but it’s cumbersome. It’s one of the biggest exit barrier systems, right? You’ve all these legacy systems that refuse to exit, that refuse to budge, and entrepreneurs have a really hard time getting their toehold – not even foothold – toehold into those homes.
Where did you find the entry point of something that you could sell?
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Sramana Mitra: How long did you stay there?
Ganesh Padmanabhan: About two and a half years. During that time, we went from about $3 million to about $30 million ARR. It was very fast growth. It was early days of AI and we learned a lot.
>>>Sramana Mitra: Okay. So, now I have a picture of your timeline to double click down on. So, tell me about the startup that you did – where you got acqui-hired. How long was that journey?
>>>AI is transforming every industry from healthcare and customer support to professional services and beyond. Founders are launching startups that tackle real problems using generative AI, machine learning and automation. Others are exploring the shifting mindset of investors as they evaluate opportunities in this fast-moving space. If you’re curious about the practical steps and real-world strategies behind today’s AI startups, we’ve got resources designed to guide you from idea to execution.
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This is a textbook case study of founders with deep domain knowledge in starting with services and then productizing, eventually raising institutional capital. EZOPS Co-Founders Sarva Srinivasan and Dutt Chintalapati told us all about their journey in 2021.
Sramana Mitra: Let’s start at the very beginning of your journey. Where were you born? Where does your journey begin?
Sarva Srinivasan: I was born in India and grew up there. I did my Computer Science there, then majored in Finance. I then started working with Wipro.
First time entrepreneurs, for the most part, do not qualify for Concept Financing. If you are hitting up pre-seed VCs in search of Concept Financing, you are wasting your time.