Sramana Mitra: The data sources are the ERP systems of these customers?
Arijit Sengupta: Initially, [the data sources were] CSV files. Eventually, we built connectors to SAP and Salesforce. At the time of funding, we were still taking CSV files. Not all of the features existed at that time. What was important for them was that we had customers talking to Menlo saying we replicated something we had spent months doing.>>>
Entrepreneurs are invited to the 460th FREE online 1Mby1M mentoring roundtable on Thursday, October 10, 2019, 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!
In case you missed it, you can listen to the recording here:
Sramana Mitra: If they’re significantly assisted by technology, they need to be trained to use that technology and do their job of helping investors as opposed to making those decisions themselves, which involves a different level of financial understanding.
Richard Hamm: As I pointed out, Digit is doing exactly that. They’re trying to develop it so that anybody within a couple of days of training could navigate a person through the choices they could make.>>>
CEO Carl Ryden and his co-founders have bootstrapped Precision Lender to over $10 million from North Carolina. This is a superb story, including how the company has formulated an AI agent, Andi.
Sramana Mitra: Let’s start at the very beginning of your personal journey. Where are you from? Where were you born, raised, and in what kind of background?
Carl Ryden: I was born in North Carolina. I grew up in eastern North Carolina in a little town called Goldsboro. Folks don’t know where that is. It’s about halfway between Raleigh and the coast. For folks who do know, I would later confess that I’m not really from Goldsboro. I’m from an area of a county that’s closest to Goldsboro, deep in the rural part of North Carolina.
During this week’s roundtable, we had three entrepreneurs pitch.
Up first, we had Debopriyo Sanyal from Kolkata, India, pitch Gangabiz. Debopriyo needs to spend time on the basics of business building.
Next, Rob Wotring from Palo Alto, California, pitched Cellfie.me, a saliva testing for gut health business that looks quite interesting.
According to a recent report, the global self-driving car market is expected to grow 36% annually over the next few years to $173.15 billion by 2023. In the coming years, the acceptance of the technology by governments will be on the rise, resulting in industrial applications of autonomous driving technology. Pittsburgh-based Argo AI is among the leading vendors in the space.>>>
Arijit Sengupta: We had done a project with McKinsey where we looked at 30 million patients across a million variable combinations. At that time, McKinsey had come out and said, “What would have taken us three months, we can now do in two hours using the software.”
Clay ended up writing an article around that time in Harvard Business Review saying BeyondCore was disrupting the consulting market. It got us into a lot of trouble with consultants.>>>