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
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
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
Sramana Mitra: Series A is the last financing round? Chris Lu: That’s been our last financing. Sramana Mitra: Talk about your virtual team. You’ve chosen to move to Houston and build a virtual team.
Sramana Mitra: In terms of function, it was still operating as a UI to OpenAI. Chris Lu: Right. The early models were not as easy to use compared to the models today. There was still a good amount of work required to get good results. Sramana Mitra: With the timing of the development of OpenAI
Sramana Mitra: What kind of conversion rates were you seeing from free to premium? Chris Lu: We got a lot of people who are international and who aren’t able to pay $49 a month. If you filter it down to the core markets – US, Canada, Australia, UK – it looks like a normal SaaS
Sramana Mitra: What do you offer? Chris Lu: When we first started, we were more of a copywriting app. We help write your email copy or sales copy. However, that has transformed over the years. Our entire vision has always been the business’ business. How do we become the product that helps your business assemble
Chris and Paul have built a front-end to Open AI and a significant business with over $10M in revenue. Now, they’re broadening their product capability to business workflows. We also discuss ideas and opportunities for new entrepreneurs. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you