Making Millions Out Of Artificial Intelligence: Brighterion CEO Akli Adjaoute (Part 2)

Sramana: There is no way to improve the capability of an expert system unless there is a learning capability. Is that the aspect that frustrated you? Akli Adjaoute: Yes. When the residents would test our system, I was frustrated because every time they would find a case that the system did not already have a

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Making Millions Out Of Artificial Intelligence: Brighterion CEO Akli Adjaoute (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  Dr. Adjaoute is a leading figure in the international cognitive science community and the CEO of Brighterion, which offers a full suite of products for real-time fraud prevention, compliance, and homeland security intelligence. Prior to Brighterion he was the founder, president, and CEO of Cognitix Technologies.

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Bootstrapping A Software Company From Minnesota: Vicki Raport Of Quantum Retail (Part 7)

Sramana: You are a self-financed company, largely owned by six founders and your employees. How do you see the shareholders getting rewarded? Are you doing dividends, or do you see yourself getting bought at some point? Vicki Raport: At this point, our primary concern is growth. The shareholders are not sitting at the edges of

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Bootstrapping A Software Company From Minnesota: Vicki Raport Of Quantum Retail (Part 6)

Sramana: What do you see for the future of Quantum? Vicki Raport: We are trying to set our company up to be a next-generation player in retail technology and retail optimization. We are going to be the foundation of 21st-century retail transformation.

Bootstrapping A Software Company From Minnesota: Vicki Raport Of Quantum Retail (Part 5)

Sramana: How big is your business in terms of revenue under management, and how strong is your TAM? Vicki Raport: We have estimated that if we work with only U.S.- and UK-based tier 1 retailers, our TAM in that market based on our current product lineup is around $50 million to $100 million of recurring

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Bootstrapping A Software Company From Minnesota: Vicki Raport Of Quantum Retail (Part 4)

Sramana: When you built your prototype, did you target a specific enterprise management system to interface with? Vicki Raport: No, we just started with Guitar Center. We focused on what they had. We knew the industry very well, specifically Retek and Oracle. That made future integration easy.

Bootstrapping A Software Company From Minnesota: Vicki Raport Of Quantum Retail (Part 3)

Sramana: Is it correct to say that your goal was to conduct retail analytics using smaller sets of data points? Vicki Raport: Quantum came from the idea that we are dealing with a world of small systems, using granular levels of information. That is different from looking at things from the top down.

Bootstrapping A Software Company From Minnesota: Vicki Raport Of Quantum Retail (Part 2)

Sramana: How did you end up leaving Wilsons and head toward retail systems software? Vicki Raport: My last role in system redesign led me down that path. I wanted to take the knowledge of enabling business change via technology and see if I could apply it to a broader audience than Wilsons.