Enterprise services provider Workday (NASDAQ: WDAY) recently announced its second quarter results that surpassed market expectations. The better-than-expected earnings outlook sent the stock soaring 12% in the after-hours trading session.
>>>Gridspace Co-Founder Anthony Scodary bootstrapped first, then raised money later to build a $10M+ Generative AI Startup. Gridspace is a wonderful case study of a speech technology company on the bleeding edge of Machine Learning and Generative AI. You will learn how the founders managed to bootstrap to large paying customers and then raise strategic funding. You will also learn the nuances of how they used various Open Source components and existing ML models to get to a point where they can afford to develop more original technology. You will also learn the importance of solutions versus technology platforms.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from, where were you born, and raised, and what kind of background?
Anthony Scodary: I was born in Ohio in Cincinnati, although I grew up in St. Louis, Missouri. I went to Stanford for school. My undergrad was in Physics and grad school was in Aerospace Engineering.
Ryan has built a portfolio of bootstrapped businesses over the last 25 years that adds up to over $50M in revenue. He discusses the strategies and nuances, pivots and positioning, and more.
>>>Sramana Mitra: I’ve been talking to various people about their various experiments and experiences selling enterprise AI software in vertical AI, and I think this issue is coming up. To train an AI model, you need people who really have deep domain knowledge in that workflow, in the kind of data and the kind of heuristics that they’re applying as human beings to do whatever it is they’re doing. When you’re really trying to automate a lot of stuff that people are doing manually, I think it’s a very delicate balance to get those people to impart that knowledge into training that AI to automate their functions. It’s not been an easy journey for the product people to design, enhance, and get these products to be more effective because of that tension.
>>>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 – Icy Night III
Icy Night III | Sramana Mitra, 2022 | Watercolor, Ink | 8 x 8, On Paper
Sramana Mitra: Interesting. Let’s just follow through on the same case study of Dili. What is the adoption and what is the experience of the company in gaining adoption around this particular use case?
>>>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 – Icy Night II
Icy Night II | Sramana Mitra, 2022 | Watercolor, Ink | 8 x 8, On Paper
Entrepreneurs are invited to the 655th FREE online 1Mby1M Mentoring Roundtable on Thursday, September 19, 2024, 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!