Sramana Mitra: That’s interesting because you had already validated that there was a market for what you were offering. One of the things that I don’t like about demo days at all is that a company just goes into an accelerator with no validation, and within three months has to go in front of investors
Sramana Mitra: And what did you end up doing to address that itch? Hanmei Wu: Well, it wasn’t very planned out, to be honest. I was still quite young, only a few years out of college. I was just kind of doing it on my own at first, maybe just charging an hourly amount. I
EdTech is notoriously difficult to build at venture scale. Hanmei is doing it.
Sramana Mitra: Can you talk to me a bit about your go-to-market strategy? I understand the system integrator part is straightforward. You do partnerships with system integrators who build on top of your platform. When you’re choosing to work with startups or product companies who are building their products on your platform, how do you
Sramana Mitra: “Operating system” isn’t the right term. Here’s my two cents—during the cloud era, platform-as-a-service (PaaS) became a well-understood concept.
Sramana Mitra: My thesis is that the best approach to build truly serious, complex systems leveraging all the capabilities of AI—whether it’s generative AI, agent-based AI, or others—is to go to market as an IP-plus-services company. Pick domains to focus on and develop deep domain expertise. That, I believe, is one of the most effective
Sramana Mitra: So you positioned the company in 2022-2023 in the direction of Generative AI? Marty Sprizen: Exactly. Sramana Mitra: What applications did you go after?
Sramana Mitra: Okay. But standard VC route at the time was different from the standard VC route of today because the number of, the amount of money that VCs used to invest was much smaller. The VC fund sizes were much smaller. It was actually the way venture capital should have been.