Sramana Mitra: Talk about your financing strategy. Ganesh Padmanabhan: We didn’t raise any moneyfor the first year until we got about $200,000 in revenue. Once you take money from an outside investor, you’re bound to that. For me personally, I wanted to have so much conviction before we actually raised outside capital. That was one
Sramana Mitra: It sounds like in your go-to-market strategy, you’ve operated as a co-pilot to human in the loop. Is that a correct observation?
Sramana Mitra: However, the first health insurance company is the real turning point for you in terms of product-market fit. So tell me a bit about the technology infrastructure that you had to plug into. This is obviously not happening in vacuum, there are all these systems that you have to work on top of.
Sramana Mitra: Healthcare is big, but it’s cumbersome. It’s one of the biggest exit barrier systems, right? You’ve all these legacy systems that refuse to exit, that refuse to budge, and entrepreneurs have a really hard time getting their toehold – not even foothold – toehold into those homes. Where did you find the entry
Sramana Mitra: How long did you stay there? Ganesh Padmanabhan: About two and a half years. During that time, we went from about $3 million to about $30 million ARR. It was very fast growth. It was early days of AI and we learned a lot.
Sramana Mitra: Okay. So, now I have a picture of your timeline to double click down on. So, tell me about the startup that you did – where you got acqui-hired. How long was that journey?
Ganesh has executed on a textbook case study of building a vertical AI company in Healthcare with a clear human-in-the-loop strategy that VCs are salivating over. Read on, much to learn.
Sramana Mitra: So you have a bootstrapped company that is looking to go bootstrapping to exit straight away. Now, what is the ideal acquirer for this business? Is it a private equity firm?