Bootstrapping an AI Startup to $10M from Boise, Idaho: Christian Perry, CEO of Undetectable AI (Part 4)

Sramana Mitra: Let’s get to the exciting Undetectable AI story. What was going on in your mind? What problem did you want to solve, knowing that ChatGPT was taking off around you?

Bootstrapping an AI Startup to $10M from Boise, Idaho: Christian Perry, CEO of Undetectable AI (Part 3)

Sramana Mitra: Okay. What happens to that? How did you get the venture capital in Boise, Idaho? Christian Perry: There are a couple of venture capital firms here in Boise, and there’s definitely a lot more moving in. The startup ecosystem has grown quite a bit.

Bootstrapping an AI Startup to $10M from Boise, Idaho: Christian Perry, CEO of Undetectable AI (Part 2)

Sramana Mitra: Got it. You said while you were doing your degree at Boise State, which took you eight years, you did two businesses on top of that?

Bootstrapping an AI Startup to $10M from Boise, Idaho: Christian Perry, CEO of Undetectable AI (Part 1)

You hear about fast growth, bootstrapped AI startups. Here’s a great story about one. Christian is not very interested in raising Venture Capital.

Building a Venture Scale FinTech SaaS Startup: Mike Whitmire, co-founder and CEO of FloQast (Part 7)

Sramana Mitra: Now, if you lift yourself a little bit on the product philosophy level, what are you seeing right now? Is it human-in-the-loop? Is it real agent-to-AI automation? What is your product roadmap philosophy, and what are you seeing in the market in terms of what is acceptable for customers?

Building a Venture Scale FinTech SaaS Startup: Mike Whitmire, co-founder and CEO of FloQast (Part 6)

Sramana Mitra: What’s AI doing to your business?

Building a Venture Scale FinTech SaaS Startup: Mike Whitmire, co-founder and CEO of FloQast (Part 3)

Sramana Mitra: And how long did that $6.5 million last? Mike Whitmire: We did extremely well in 2016 and the first half of 2017. We more than tripled our recurring revenue. Then we were approached proactively about raising another round. The investor was great, the terms were strong, and I was ready to scale further. We fielded

Read Full Article »

Building a Venture Scale FinTech SaaS Startup: Mike Whitmire, co-founder and CEO of FloQast (Part 2)

Sramana Mitra: So, when you started going after companies that looked like Cornerstone, were you doing that as a bootstrap company or a venture-funded company? Mike Whitmire: We had taken a small seed round of funding. We raised $1.3 million at the time to build out the first iteration of the product and prove we

Read Full Article »