Long Bootstrapped Journey into Cutting-Edge Generative AI: Jeff Kuo, Founder of Ragic (Part 4)

Sramana Mitra: In what mode were you using Ragic? In the no-code mode or in the semantic database mode? And who was the client? Was that the IT department that was the client? Jeff Kuo: No, we were working directly for the users. We’re basically like a database or application developing company. We’re were just

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Long Bootstrapped Journey into Cutting-Edge Generative AI: Jeff Kuo, Founder of Ragic (Part 3)

Sramana Mitra: But the no-code hypothesis was correct. Jeff Kuo: The hypothesis is pretty much correct, and up to now, it still seems quite correct. But the no-code part is hard to do technically. Not just that, it’s very hard to teach non-technical people to learn how to do this. It is a lot harder

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Long Bootstrapped Journey into Cutting-Edge Generative AI: Jeff Kuo, Founder of Ragic (Part 2)

Sramana Mitra: What was the project? What was Ragic and your master’s thesis that you were trying to productize? Jeff Kuo: I was studying semantic web and AI-related subjects. Back then, Semantic Web was quite popular. Ragic came out of Semantic Web to map information data in a graph-based model so that it can be

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Long Bootstrapped Journey into Cutting-Edge Generative AI: Jeff Kuo, Founder of Ragic (Part 1)

Businesses are finding unexpected benefits by incorporating Generative AI into their product roadmaps. Ragic has built a $5M ARR no-code platform in the market. A Generative AI front-end is adding unprecedented usability and adoption momentum. Fascinating! Sramana Mitra: Alright, Jeff, let’s go to the very beginning of your journey. Where are you from? Where were

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Building a Capital Efficient Second Venture: LiftLab CEO John Wallace (Part 7)

Sramana Mitra: It’s interesting. Now, where to from here? You said that 2023 was great. You’ve been doubling every year. It’s almost venture scale growth without raising huge amounts of money, which is all fabulous. What are you trying to accomplish and how do you want to play this? John Wallace: Next, it must be,

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Building a Capital Efficient Second Venture: LiftLab CEO John Wallace (Part 6)

Sramana Mitra: So, a fraction of their media spend is your business model. What kind of deal sizes are we talking and, and what do you need to sell? In the pandemic, I heard from a lot of people that they were able to close deals without having to meet people. Even very large deals.

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Building a Capital Efficient Second Venture: LiftLab CEO John Wallace (Part 5)

Sramana Mitra: How long did it take you to build out all the specs that you were getting from these customers? John Wallace: We were experimenting only for about a year and a half. Then we spent probably another nine months building the modelling platform.

Building a Capital Efficient Second Venture: LiftLab CEO John Wallace (Part 4)

Sramana Mitra: So, what you’re saying is that you got this input about what the market was looking for, and because they were paying customers on the first piece of the functionality, you were able to get them to give you access to data. Because in all of this, as you know, in building AI

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