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brainspace
Best of Bootstrapping: Bootstrapped an AI Software Company to Exit
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Artificial Intelligence startups are very hot these days. Read how CEO Dave Copps built Brainspace from Dallas. After we spoke in 2016, Brainspace was acquired by Cyxtera Technologies in 2017. Sramana Mitra: Let’s start with the very beginning of your story. Where are you from? Where
Best of Bootstrapping: Building an AI Software Company from Dallas
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Artificial Intelligence startups are very hot these days. Read how CEO Dave Copps built Brainspace from Dallas. After we spoke in 2016, Brainspace was acquired by Cyxtera Technologies in 2017. Sramana Mitra: Let’s start with the very beginning of your story. Where are you from? Where
Building an Artificial Intelligence Software Company from Dallas: Dave Copps, CEO of Brainspace (Part 7)
Sramana Mitra: I wanted to ask you about location and where you’re building your team. Where is the bulk of the organisation? Dave Copps: We’re in Dallas, Texas. Sramana Mitra: Everything is in Dallas, Texas? Dave Copps: We do have satellite offices. We have people in San Francisco, DC, New York, and London. Sramana Mitra:
Building an Artificial Intelligence Software Company from Dallas: Dave Copps, CEO of Brainspace (Part 6)
Sramana Mitra: Where are you now? Dave Copps: We are growing rapidly. In 2015, we grew 300%. I think it was our breakout year. We are already seeing that growth continue into this quarter. Sramana Mitra: What kind of range are we talking? Is this now a $10 million company or a $20 million company?
Building an Artificial Intelligence Software Company from Dallas: Dave Copps, CEO of Brainspace (Part 5)
Sramana Mitra: Can you succinctly explain what it is that you have that these large companies don’t have that enables you to win those accounts? Dave Copps: I’d say it’s two things. It’s our core technology and our user experience. We have built a technology that can learn dynamically without the use of any human intervention. Most
Building an Artificial Intelligence Software Company from Dallas: Dave Copps, CEO of Brainspace (Part 4)
Sramana Mitra: How big was the LexisNexis deal? Dave Copps: It ended up being a multi-year deal that paid us over $3 million. Sramana Mitra: That’s awesome. Dave Copps: For a startup, it’s amazing. Sramana Mitra: What about the early parts of this company? Obviously, you had made money from the previous company and you
Building an Artificial Intelligence Software Company from Dallas: Dave Copps, CEO of Brainspace (Part 3)
Dave Copps: I think when you have too much money, you get lazy. I like the idea that you’re always conscious of every dollar you spend. When I say we raised $3 million, that’s because we brought in more than that in revenue to continue bootstrapping a big piece of it. We were finally given
Building an Artificial Intelligence Software Company from Dallas: Dave Copps, CEO of Brainspace (Part 2)
Sramana Mitra: What year was that? Dave Copps: That must have been 1997 or 1998. I founded my first company in 1999. I literally found a scientist, and we started writing algorithms. We were using Matlab. It didn’t scale. We went down a few paths. We failed and start over, failed and start over, and failed
