Sramana Mitra: My thesis is that the best approach to build truly serious, complex systems leveraging all the capabilities of AI—whether it’s generative AI, agent-based AI, or others—is to go to market as an IP-plus-services company. Pick domains to focus on and develop deep domain expertise. That, I believe, is one of the most effective ways to build very, very valuable companies. Is that what you’re trying to do?
>>>According to a recent report, the global Extreme Ultraviolet Lithography (EUV lithography) market is estimated to be a $23.7 billion industry this year and is forecast to grow 9.5% annually to $37.3 billion by 2030. The increasing demand from AI, 5G, and high-performance computing is driving the growth in the industry. Netherlands-based ASML (NASDAQ: ASML), the only producer of the machines, announced second quarter results that outpaced market expectations. But a slower outlook has sent the stock tumbling 7% soon after the European markets opened for trading.
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Sramana Mitra: So you positioned the company in 2022-2023 in the direction of Generative AI?
Marty Sprizen: Exactly.
Sramana Mitra: What applications did you go after?
>>>Osprey Security Founder Rohit Anabheri had effectively used the Bootstrapping Using Services technique to bootstrap an AI-Powered Enterprise Security venture to mid eight figure revenues when we spoke in 2023. In that process, he had turned down offers for venture capital.
Sramana Mitra: Let’s start by introducing our audience to yourself and then we’ll come to the Osprey Security journey in a moment. You are a serial entrepreneur, yes?
Rohit Anabheri: That is correct.
Sramana Mitra: Okay. But standard VC route at the time was different from the standard VC route of today because the number of, the amount of money that VCs used to invest was much smaller. The VC fund sizes were much smaller. It was actually the way venture capital should have been.
>>>B-to-C startups are notoriously high-risk. The failure rate is brutal. The temptation to chase scale with venture funding is strong—and often fatal. Most accelerators feed this temptation. They want viral growth, app downloads, and DAUs—regardless of whether there’s a business model behind it.
>>>Ecommerce is seductive. It promises scale, global reach, and fast-moving consumer engagement. But here’s the truth most founders don’t hear in traditional accelerators: Ecommerce is brutal. It’s low-margin, logistics-heavy, and customer acquisition costs can eat you alive—unless you operate with ruthless discipline.
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