This is a terrific PaaS company in the making with substantial predictive capabilities.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as Pecan.ai.
Zohar Bronfman: I’m from Tel Aviv. Prior to founding Pecan along with my co-founder Noam, I spent most of my days in the academia. I did two PhDs in parallel in supplementary fields. I did one in the field of computational neuroscience, and the other in the field of philosophy.
>>>This report from Gartner identifies the top strategic technology trends for 2022. These include generative AI, data fabric, distributed enterprise, cloud native platforms, autonomic systems, and decision intelligence. For this week’s posts, click on the paragraph links.
>>>Sramana Mitra: I’ve got two nuggets out of your initial story. One is using Indeed to get some of the sell side going. Then really building in virality into the app. On the buy side, laundry services Google keyword search. I take it you were self-funding this company.
Mort Fertel: Yes.
Sramana Mitra: The business model is a commission on the transaction size?
>>>Sramana Mitra: What is happening in the algorithm? You are processing tons of resumes and training your model to determine what are good ways of representing information. You have a database of skillsets. Your model understands what’s a good way of representing that skillset. When you process resumes, you can figure that out. Is that roughly the algorithm?
Kiran Pande: It’s a lot about writing. It’s helping them communicate better.
>>>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 – Cliffs II
Cliffs II | Sramana Mitra, 2020 | Watercolor | 9 x 12, On Paper
Sramana Mitra: What about on the sell side?
Mort Fertel: It might be interesting to note that the first sudsters – what we call the washers – were my wife and I. That didn’t last long. That’s how we started. The key to the growth of the platform has been the same thing. Create a phenomenal experience for the workers and they will tell their friends and family. It’s been primarily word of mouth.
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In case you missed it, you can listen to the recording of this roundtable here: