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Is my idea + progress good enough to raise pre-seed round? CRM for construction niches. Non-tech founder.
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GPT-RexThis week

Is my idea + progress good enough to raise pre-seed round? CRM for construction niches. Non-tech founder.

Is my startup idea and progress good enough to raise a pre-seed round? It’s a CRM with meaningful AI integrations for specific type of B2B construction companies. I only want to continue at my current pace if it’s realistic to start raising within the next 2 weeks. At first, I thought it was fine because simple companies still get on Y-comb such as hammr and Relate CRM , but now I’m not sure. Would love to get the community’s thoughts on this. I’ve been working on this for about a week. ​ Key Highlights (You can skip to longer section below) Product is CRM for B2B construction companies. The previous tech company I worked at used an in-house built CRM for their workflow, and I’m creating that solution and applying it to B2B construction companies that have similar workflows. No competitors I’ve found. I’m uniquely positioned to spearhead: B2B SaaS/tech sales + expertise in construction I’m a non-tech sales founder with experience in UI/UX. Will bring on CTO co-founder once I start raising as that would entice better talent Progress + Traction $400 MRR in pre-sales, can get to \~$800-1000 EOM Validated through customer interviews Created some Figma frames, product overview, user journeys, business plan Made a simple but meaningful AI tool that will be available to those that sign up for waitlist. Did this with GitHub + ChatGPT Landing page website going up this week followed by PPC campaign, email marketing, and outreach. My GF works in enterprise sales and she’ll help me generate more leads. ​ Long Version Background B2B SaaS/Tech sales. I worked at enterprise company as an Account Executive where I worked with funded startups and their development, UI/UX, and Product management teams. I have a general knowledge in all these - my best being UI/UX design as I can work with Figma well Domain expertise: my family has had a construction company since I was young. I have a large network because of this. Problem At my previous company, we had a custom in-house built CRM for our workflow. It worked okay, despite being maintained by multiple engineers costing hundreds of thousands a year. I’m creating a CRM that solves that, and applying it to construction industries that can make use of it. I have a great network here which makes it easy for me get sales quickly. Vision Building this CRM for construction niche will allow us to generate MRR fast. We will be first movers in bringing meaningful AI tools to construction, which is generating significant interest. This gives us the opportunity to build the foundational technology that can be adapted to a wider audience such as my previous company and others - think researchers, consultants, etc. Traction + Current Progress (1 week) Validated idea through user interviews and pre-sales. Currently have $400 MRR in pre-sales. I expect $800-1000 in a month if I continue at my pace. This is from doing typical B2B sales. I’ve set up a CRM for this. Created product overview, user journeys, wireframes and some Figma frames, business plan Created a simple but meaningful AI tool for the niche which will be available to those that sign up for the waitlist. Created with GitHub + ChatGPT Completing landing page website this week. Will start PPC ads (I’m experienced in this) after that to generate sign-ups. I’ll also start email marketing from lists I’ve scraped. Team Solo-founder, will bring on CTO co-founder once I start raising funds. I have promising candidates, but feel that I need to raise funds to really entice a good co-founder. I’m uniquely positioned to head this product; B2B sales having worked with many CRMs + construction expertise and network. That said, I’ve never actually done anything that* impressive besides being an AE at a known enterprise techy company (but not FAANG level). ​ I want to acknowledge that my progress might sound more impressive than it is - it's still just a CRM after all, and I'm non-technical. Should I keep going? Advice? I also have a great offer to lead sales at a profitable startup, but I could always do both if it was worth it. I’m feeling really uncertain for some reason :/ maybe it’s just burnout.

Why raise in 2025? - I will not promote
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Able_Swimming_4909This week

Why raise in 2025? - I will not promote

I will not promote Lately, I've been thinking about how AI tools are completely reshaping what it means to bootstrap a startup. It honestly feels like we're living through a golden age for entrepreneurs where you don't necessarily need venture capital to build something big or meaningful. At my company, we're a small team of just four people, bootstrapping our AI-focused startup. Thanks to AI-powered tools, we're able to keep our burn rate ridiculously low, quickly test new ideas, and scale our operations way faster than we ever expected. It’s honestly pretty incredible how accessible advanced technology has become, even compared to just a few years ago. Of course, bootstrapping definitely comes with its own share of headaches. For example, we've noticed that funded startups get significantly better access to cloud credits, advertising budgets, and enterprise-level tools. We do have access to some discounts and free resources, but it rarely compares to what funded startups enjoy. This can feel frustrating, especially when you know you're competing directly with businesses that have those extra advantages. Visibility is another major challenge we've noticed. Without big funding announcements or a well-connected investor backing us, getting attention from media or even early adopters can be tough. It's just harder to make a splash without someone else's endorsement. We've had to accept and work around creatively. That said, there's something genuinely empowering about staying bootstrapped, prioritizing profitability, and maintaining control over our vision. After speaking with several investors, we've become aware of how investors can significantly influence or even redirect the trajectory of a business. We've heard stories where investors gained enough leverage to replace the original founders or have killed perfectly profitable businesses that were not growing "fast enough", which certainly gave us pause. They can definitely be helpful but giving the control over the future of my business to someone else would definitely make me feel anxious. At this time, we simply don't feel raising external capital aligns with our current goals, but we're also aware that this could change in the future. For now, maintaining autonomy and staying close to our original vision remains a priority. I'm curious to hear from others here who've been through this. Have you successfully bootstrapped an AI a tech business? What obstacles did you encounter, and how did you overcome them? EDIT: To give you a bit of perspective, my company is a B2B SaaS in the finance industry based in Europe. We have received VC funding in the past but it was an exceptionally good deal and we don't plan to raise in the near future even-thought it may change if we see the need to help us scale. We have also raised a significant amount in soft funding. Right now, we are growing on our revenues, and we plan to continue this trajectory. Recently, one of our developers left, and although we are a small team, we noticed that it had little to no impact on our productivity.

[N] AI Robotics startup Covariant (founded by Peter Chen, Pieter Abbeel, other Berkeley / ex-OpenAI folks) just raised $40M in Series B funding round. “Covariant has recently seen increased usage from clients hoping to avoid supply chain disruption due to the coronavirus pandemic.”
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baylearnThis week

[N] AI Robotics startup Covariant (founded by Peter Chen, Pieter Abbeel, other Berkeley / ex-OpenAI folks) just raised $40M in Series B funding round. “Covariant has recently seen increased usage from clients hoping to avoid supply chain disruption due to the coronavirus pandemic.”

h/t their announcement, VB and WSJ article: Logistics AI Startup Covariant Reaps $40 Million in Funding Round Company plans to explore uses of machine learning for automation beyond warehouse operations Artificial-intelligence robotics startup Covariant raised $40 million to expand its logistics automation technology to new industries and ramp up hiring, the company said Wednesday. The Berkeley, Calif.-based company makes AI software that it says helps warehouse robots pick objects at a faster rate than human workers, with a roughly 95% accuracy rate. Covariant is working with Austrian logistics-automation company Knapp AG and the robotics business of Swiss industrial conglomerate ABB Ltd., which provide hardware such as robot arms or conveyor belts to pair with the startup’s technology platform. “What we’ve built is a universal brain for robotic manipulation tasks,” Covariant co-founder and Chief Executive Peter Chen said in an interview. “We provide the software, they provide the rest of the systems.” Logistics-sector appetite for such technology is growing as distribution and fulfillment operations that have relied on human labor look to speed output and meet rising digital commerce demand. The coronavirus pandemic has accelerated that interest as businesses have sought to adjust their operations to volatile swings in consumer demand and to new restrictions, such as spacing workers further apart to guard against contagion. That has provided a bright spot for some technology startups even as many big backers scale back venture-capital spending. Last month logistics delivery platform Bringg said it raised $30 million in a Series D funding round, for example, as demand for home delivery of food, household goods and e-commerce staples soared among homebound consumers. Covariant’s Series B round brings the company’s total funding to $67 million. New investor Index Ventures led the round, with participation from existing investor Amplify Partners and new investors including Radical Ventures. Mr. Chen said the funding will be used to explore the technology’s potential application in other markets such as manufacturing, recycling or agriculture “where there are repetitive manual processes.” Covariant also plans to hire more engineering and other staff, he said. Covariant was founded in 2017 and now has about 50 employees. The company’s technology uses camera systems to capture images of objects, and artificial intelligence to analyze objects and how to pick them up. Machine learning helps Covariant-powered robots learn from experience. The startup’s customers include a German electrical supplies wholesaler that uses the technology to control a mechanical arm that picks out orders of circuit boards, switches and other goods.

[N] AI Robotics startup Covariant (founded by Peter Chen, Pieter Abbeel, other Berkeley / ex-OpenAI folks) just raised $40M in Series B funding round. “Covariant has recently seen increased usage from clients hoping to avoid supply chain disruption due to the coronavirus pandemic.”
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baylearnThis week

[N] AI Robotics startup Covariant (founded by Peter Chen, Pieter Abbeel, other Berkeley / ex-OpenAI folks) just raised $40M in Series B funding round. “Covariant has recently seen increased usage from clients hoping to avoid supply chain disruption due to the coronavirus pandemic.”

h/t their announcement, VB and WSJ article: Logistics AI Startup Covariant Reaps $40 Million in Funding Round Company plans to explore uses of machine learning for automation beyond warehouse operations Artificial-intelligence robotics startup Covariant raised $40 million to expand its logistics automation technology to new industries and ramp up hiring, the company said Wednesday. The Berkeley, Calif.-based company makes AI software that it says helps warehouse robots pick objects at a faster rate than human workers, with a roughly 95% accuracy rate. Covariant is working with Austrian logistics-automation company Knapp AG and the robotics business of Swiss industrial conglomerate ABB Ltd., which provide hardware such as robot arms or conveyor belts to pair with the startup’s technology platform. “What we’ve built is a universal brain for robotic manipulation tasks,” Covariant co-founder and Chief Executive Peter Chen said in an interview. “We provide the software, they provide the rest of the systems.” Logistics-sector appetite for such technology is growing as distribution and fulfillment operations that have relied on human labor look to speed output and meet rising digital commerce demand. The coronavirus pandemic has accelerated that interest as businesses have sought to adjust their operations to volatile swings in consumer demand and to new restrictions, such as spacing workers further apart to guard against contagion. That has provided a bright spot for some technology startups even as many big backers scale back venture-capital spending. Last month logistics delivery platform Bringg said it raised $30 million in a Series D funding round, for example, as demand for home delivery of food, household goods and e-commerce staples soared among homebound consumers. Covariant’s Series B round brings the company’s total funding to $67 million. New investor Index Ventures led the round, with participation from existing investor Amplify Partners and new investors including Radical Ventures. Mr. Chen said the funding will be used to explore the technology’s potential application in other markets such as manufacturing, recycling or agriculture “where there are repetitive manual processes.” Covariant also plans to hire more engineering and other staff, he said. Covariant was founded in 2017 and now has about 50 employees. The company’s technology uses camera systems to capture images of objects, and artificial intelligence to analyze objects and how to pick them up. Machine learning helps Covariant-powered robots learn from experience. The startup’s customers include a German electrical supplies wholesaler that uses the technology to control a mechanical arm that picks out orders of circuit boards, switches and other goods.

Meet The AI Entrepreneur Who Used LinkedIn To Raise $13.8 Million
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ForbesApr 19, 2024

Meet The AI Entrepreneur Who Used LinkedIn To Raise $13.8 Million

Benjamin Harvey, the CEO of AI Squared, says he’s added investors including former TIAA CEO Roger Ferguson. Harvey joined Forbes senior writer, Jabari Young, at the Nasdaq MarketSite to discuss the startup’s Series A raise. Read the full story on Forbes: https://www.forbes.com/sites/jabariyoung/2024/04/17/meet-the-ai-entrepreneur-who-used-linkedin-to-raise-138-million/?sh=60958bea5837 0:00 Introduction 2:16 Benjamin Gives Biggest Tip On Learning Profit Loss 5:00 Benjamin Harvey On The State Of AI 8:25 How Will AI Evolve And Change In The Future? 14:04 What Is It Like To Be CEO Of AI Squared? 17:04 How Benjamin's Upbringing And Love Of Cartoons Helps Put Ideas Together In Business 23:02 Benjamin On Getting Investors For AI Squared 25:56 Benjamin's Take On ChatGPT And How Its Used 29:48 Artificial Intelligence: Benjamin's Take On What's Next 34:49 A Good AI Platform vs. A Great One Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: https://account.forbes.com/membership/?utmsource=youtube&utmmedium=display&utmcampaign=growthnon-subpaidsubscribe_ytdescript Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Just raised and here are the stats (July 2024)
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Just raised and here are the stats (July 2024)

CEO of a startup - bootstrapped for 10 months with a team of 7 - Built a waitlist of $15B AUM (fintech) and here's what it took (with no intended story structure) I didn't want to spam, so I decided to go the old school route and manually write every single email (some copy and paste) In order to feel prepared, I would do my research prior to reaching out, albeit sometimes limited due to time x reward Sent over 350 emails to around 300 funds and we received three yes' (to be honest we received more than three, but they wanted too much equity, or they weren’t a good fit culturally) Pre Seed is different for everyone. Some accept pre revenue others expect 100-300k ARR - this was one of the more frustrating pieces for me, due to the fact that it's extremely subjective to what "Earliest Stage" means to some funds. We're pre-product, we had to remove our CTO in the process due to performance issues, we let go of our front-end, hired a new CTO, hired an AI Engineer, and replaced our front end. It's a numbers game. We received 94% no reply - 5% nos (with meetings) - 1% yes' I used OpenVC as my main resource, highly recommend even their free product. I recommend using discount with a SAFE. Some Angels like it better, some VC’s hate it. You have to be willing to play ball with whoever leads. Mercury for banking, perks (like Carta), and SAFE agreement. All great at Mercury. Raising for a B2B business in an enterprise market is much easier, unless deep tech or science backed. But consumer products right now are not raising pre seed from what I can tell. If it means anything - it's a numbers game. Go get what you deserve, but put in the work because no one will just hand it to you. Love this community, always here to help anyone I can.

Raised $450k for my startup, here are the lessons I've learned along the way
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marin_smiljanicThis week

Raised $450k for my startup, here are the lessons I've learned along the way

2021 has been a pretty amazing year for Omnisearch. Having started initial work on Omnisearch at the end of 2020, we entered the new year with a working MVP yet no revenue, no significant partnerships, and no funding. Fast forward to the end of 2021, and we now have fantastic revenue growth, a partnership with a public company, and a far more powerful, complete and polished product. But one milestone really changed Omnisearch’s trajectory: our $450,000 USD pre-seed round by GoAhead Ventures. In this post I want to share the story of how it came about and offer a couple of takeaways to keep in mind when preparing for fundraising. ​ The story Contrary to most advice, my co-founder Matej and I didn’t allocate a specific time to switch to “fundraising mode” but rather talked to investors on an ongoing basis. It was a bit of a distraction from working on the product, but on the positive side we were able to constantly get feedback on the idea, pitch, go-to-market strategy and hiring, as well as hearing investors’ major concerns sooner rather than later. That being said, our six-month long fundraising efforts weren’t yielding results - we talked to about twenty investors, mostly angels or smaller funds, with no success. The feedback was generally of the “too early for us” variety (since we were still pre-revenue), with additional questions about our go-to-market strategy and ideal customer persona. The introduction to our eventual investors, California-based GoAhead Ventures, came through a friend who had pitched them previously. We wrote a simple blurb and sent our pitch deck. We then went through GoAhead’s hyper-efficient screening process, consisting of a 30-minute call, a recorded three-minute pitch, and filling out a simple Google doc. Throughout the whole process, the GoAhead team left an awesome impression thanks to their knowledge of enterprise software and their responsiveness. They ended up investing and the whole deal was closed within two weeks, which is super fast even by Silicon Valley standards. While our fundraising experience is a single data point and your case might be different, here are the key takeaways from our journey. ​ Perseverance wins: Like I said above, we talked to about twenty investors before we closed our round. Getting a series of “no”s sucks, but we took the feedback seriously and tried to prepare better for questions that caught us off guard. But we persevered, keeping in mind that from a bird’s eye perspective it’s an amazing time to be building startups and raising funds. Focus on traction: Sounds pretty obvious, right? The truth is, though, that even a small amount of revenue is infinitely better than none at all. One of the major differences between our eventual successful investor pitch and the earlier ones was that we had actual paying customers, though our MRR was low. This allows you to talk about customers in the present tense, showing there’s actual demand for your product and making the use cases more tangible. And ideally, highlight a couple of customer testimonials to boost your credibility. Have a demo ready: In Omnisearch’s case, the demo was oftentimes the best received part of the pitch or call. We’d show investors the live demo, and for bonus points even asked them to choose a video from YouTube and then try searching through it. This always had a “wow” effect on prospective investors and made the subsequent conversation more exciting and positive. Accelerators: Accelerators like Y Combinator or Techstars can add enormous value to a startup, especially in the early stages. And while it’s a great idea to apply, don’t rely on them too heavily. Applications happen only a few times a year, and you should have a foolproof fundraising plan in case you don’t get in. In our case, we just constantly looked for investors who were interested in our space (defined as enterprise SaaS more broadly), using LinkedIn, AngelList, and intros from our own network. Practice the pitch ad nauseam: Pitching is tough to get right even for seasoned pros, so it pays to practice as often as possible. We took every opportunity to perfect the pitch: attending meetups and giving the thirty-second elevator pitch to other attendees over beer and pizza, participating in startup competitions, going to conferences and exhibiting at our own booth, attending pre-accelerator programs, and pitching to friends who are in the startup world. Show an understanding of the competition: Frankly, this was one of the strongest parts of our pitch and investor conversations. If you’re in a similar space to ours, Gartner Magic Quadrants and Forrester Waves are an awesome resource, as well as sites like AlternativeTo or Capterra and G2. By thoroughly studying these resources we gained a great understanding of the industry landscape and were able to articulate our differentiation more clearly and succinctly. Presenting this visually in a coordinate system or a feature grid is, from our experience, even more effective. Remember it’s just the beginning! Getting your first round of funding is just the beginning of the journey, so it’s important to avoid euphoria and get back to building and selling the product as soon as possible. While securing funding enables you to scale the team, and is a particular relief if the founders had worked without a salary, the end goal is still to build a big, profitable, and overall awesome startup.

Interview with founder of ReadyPlayerMe (raised $70M+ from a16z)
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Due_Cryptographer461This week

Interview with founder of ReadyPlayerMe (raised $70M+ from a16z)

Thanks to everyone who replied to my previous post with the questions you had for Rainer, I added some of them into this interview. I’m Nikita of Databas3 , and that’s my first interview in a series where I’m learning more about the journey of the best tech and web3 founders. Would appreciate your feedback and suggestions for the next guest! Nikita: Let’s begin with a brief introduction. Can you share a bit about yourself and how the business started? Rainer: I’m Rainer, the CTO of ReadyPlayerMe. Our journey began in 2013 with four co-founders. Over the years, our focus has shifted mainly around our product’s evolution, but our core idea always revolved around virtual actors or virtual people. Our initial venture was into hardware. We created the first full-body scanner in the Nordics, a significant step in photogrammetry. This led us to develop the Luna Scanner, a three-meter tall structure designed to capture facial features and likenesses. When Facebook acquired Oculus in 2014, we foresaw the potential of VR and virtual worlds, especially in social experiences. Nikita: Interesting. How did you move on from there? Rainer: Recognizing the limitations of hardware, we transitioned into software. Our early scanner designs had limitations in scalability. For example, our three-meter tall scanner wasn’t a feasible solution for scanning millions of people. So, we leveraged the datasets from our initial projects and designed a mobile version, making facial scanning as easy as using your phone. Around 2015, this was a new territory, as facial scanning wasn’t a mainstream application. Nikita: What were the early applications of these scanned models? Rainer: In the beginning, we focused on 3D printed figurines from full-body scans. However, as we shifted to facial scanning, we licensed our technology to gaming companies, collaborating with giants like Wargaming and Tencent. We even ventured into virtual fittings with H&M. Each collaboration was custom-tailored, blending our technology with their systems. This model made us cash flow positive. Nikita: So this was the beginning of your foray into the gaming industry? Rainer: Precisely. The demand from gaming companies was substantial. As we built custom solutions for these enterprises, we saw a bigger potential. While our cash flow was positive, we realized the challenge of scaling through exclusive enterprise deals. We envisioned our avatar creation tech reaching indie games and beyond. Nikita: And that led to the birth of ReadyPlayerMe? Rainer: Exactly. Once we understood our market direction, we quickly developed the first iteration of ReadyPlayerMe as a web-based experience, emphasizing easy integration for game developers. The initial version was a character builder, allowing users to personalize their avatars, which many adopted for their social media profiles. Our goal was to create avatars that users could connect with and use across various platforms. Instead of licensing our technology, we offered it for free to everyone. As ReadyPlayerMe gained traction, especially in VR applications, we secured funding to further our mission. Nikita: Your growth seems swift and organic. Were there any challenges? Rainer: Our focus on easy integration significantly fueled our adoption. Pairing that with personalized avatars resonated well with our audience. But like any venture, we’ve faced our share of challenges and have always aimed to evolve and better our offerings. The rapid growth in Web3 projects and virtual worlds made personalization and customization more important. With the NFT boom, you could add utility by allowing access to selected collections. This played into web-based games and metaverse applications. The shift towards Web3 and personalization provided a significant tailwind for us. Many used our characters as profile pictures on social media. Nikita: I’ve heard from other founders that a16z really values viral marketing. Was this one reason they wanted to invest in your project? How was the process with them? Rainer: When a16z reached out, it felt like a natural fit. We wanted investors who understood the gaming space. Our main market is Web3, but we’re exploring the top games market. Their expertise in gaming was invaluable. They’ve been very supportive throughout. We were fortunate to be on their radar. Nikita: So your early growth and organic traction played a role in attracting investors? Rainer: Definitely. Early product growth and the potential future trajectory were essential in our discussions. Nikita: As the CTO, you must have faced challenges. Can you speak about the tech side and its evolution? Rainer: The early version of our platform was built by in-house engineers. As we grew, we had to adapt to increasing complexities and ensure we had the right team to execute our vision. My role often shifted between product management and tech, depending on the need. Nikita: It sounds like the startup environment remains strong within your company. Rainer: Absolutely. We’re all committed, hands-on, and working towards building the best product. Nikita: You mentioned the team earlier. How many people are in your team now? Rainer: We have 70 people, with about half in product and engineering. Nikita: And did you hire the tech team? Rainer: We brought on a head of engineering at the beginning of this year. He’s been instrumental in scaling the engineering organization, from increasing the headcount to refining engineering processes. We’ve recently reorganized into domain-specific teams. As the team grows, regular reorganization ensures we focus on delivering specific customer value. Every stage requires attention to the team’s composition to ensure efficient delivery. Nikita: Any advice for founders just starting with their first startup? Rainer: Focus on customer value, no matter how niche it might seem initially. Begin with a specific problem and solution, then expand from there. You don’t need a massive project right away. Begin small, prove the concept, and scale from there. Nikita: You’ve mentioned your love for books and podcasts. Any recommendations? Rainer: For startups, “High Growth Handbook” and “Lean Startup” are must-reads. “Working Backwards” offers insights into Amazon’s customer-centric approach. For podcasts, I listen to “Rework,” “Lenny’s Podcast,” and “Huberman Lab.” Nikita: All of us have some side project ideas from time to time. How do you handle these when managing a big project? Rainer: Over the years, I’ve built various side projects. Some are small applications to solve immediate problems, like a menu bar app for AirPods which made it to No. 1 on Product Hunt, and was nominated for Golden Kitty Award. I sometimes delve into 3D and AI, merging them for technical demos. I keep a list of ideas and pick from them as the urge arises. Nikita: Any final thoughts or advice? Rainer: As you scale, do so with clarity. Avoid scaling just for external appeal. Always hire when there’s genuine need, not just for the sake of expansion. It helps in staying lean and focused.

160 of Y Combinators 229 Startup Cohort are AI Startups with and 75% of the Cohort has 0 revenue
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DemocratizingfinanceThis week

160 of Y Combinators 229 Startup Cohort are AI Startups with and 75% of the Cohort has 0 revenue

Y Combinator (YC), one of the most prestigious startup accelerators in the world, has just unveiled its latest batch of innovative startups, providing key insights into what the future might hold. Y Combinators Summer 2023 Batch In a recent post by Garry Tan, YC's president, Tan offers a nostalgic look back at his first YC Demo Day in 2008, where he, as a budding entrepreneur, pitched his startup. Now, fifteen years later, he's at the helm, proudly launching the 37th Demo Day, this time for the Summer 2023 batch. Tan proudly declares this batch as one of YC's most impressive yet, emphasizing the deep technical talent of the participants. From a staggering pool of over 24,000 applications, only 229 startups were chosen, making this one of the most competitive batches to date. This batch marks a number of firsts and solidifies several rising trends within the startups landscape. 75% of these companies began their YC journey with zero revenue, and 81% hadn't raised any funding before joining the accelerator. YC's decision to focus on early-stage startups this round signals their commitment to nurturing raw, untapped potential. A Return to Face-to-Face Interaction After three years, YC has brought back the in-person Demo Day format, allowing startups, investors, and mentors to connect directly. While the virtual format has its merits, there's an unmistakable magic in the YC Demo Day room, filled with anticipation, hope, and innovation. AI Takes Center Stage Artificial Intelligence is the standout sector in the Summer 2023 batch. With recent advancements making waves across various industries, there's arguably no better time to launch an AI-focused startup, and no better platform than YC to foster its growth. This signals a clear trend in the startup investing and venture capital space: AI is just getting started. Of the entire Summer 2023 batch, 160 out of the entire 229 Summer 2023 batch that are utilizing or implementing artificial intelligence in some capacity. This means over 2 out of every 3 startups accepted is focused on artificial intelligence in some capacity. Some of the startups include: Quill AI: Automating the job of a financial analyst Fiber AI: Automating prospecting and outbound marketing Reworkd AI: Open Source Zapier of AI Agents Watto AI: AI-powered McKinsey-quality reports in seconds Agentive: AI-powered auditing platform Humanlike: Replace your call center with voice bots that sound human Greenlite: AI compliance team for fintech and banking atla: AI assistants to help in-house lawyers answer legal questions Studdy: An AI Match tutor Glade: League of Legends with AI-generated maps and gameplay and literally over 100 others. As you can see, there's a startup covering nearly every sector of AI in the new batch. YC By The Numbers YC continues to grow as a community. The accelerator now boasts over 10,000 founders spanning more than 4,500 startups. The success stories are impressive: over 350 startups valued at over $150 million and 90 valued at more than $1 billion. The unicorn creation rate of 5% is truly unparalleled in the industry. To cater to the ever-growing community, YC has added more full-time Group Partners than ever. This includes industry veterans such as Tom Blomfield, co-founder of billion-dollar startups GoCardless and Monzo, and YC alumni like Wayne Crosby (Zenter) and Emmett Shear (Twitch). YC Core Values YC's commitment to diversity is evident in the demographics of the S23 batch. They've also spotlighted the industries these startups operate in, with 70% in B2B SaaS/Enterprise, followed by fintech, healthcare, consumer, and proptech/industrials. Garry Tan emphasizes three core tenets for YC investors: to act ethically, to make decisions swiftly, and to commit long-term. He underlines the importance of the YC community, urging investors to provide valuable introductions and guidance to founders. The Road Ahead With YC's track record and the promise shown by the Summer 2023 batch, the future of the startup ecosystem looks promising. As always, YC remains at the forefront, championing innovation and shaping the next generation of global startups. Original Post: https://www.democratizing.finance/post/take-a-peek-into-the-future-with-y-combinators-finalized-summer-2023-batch

How a founder built a B2B AI startup to serve with 65+ global brands (including Fortune500 companies) (I will not promote)
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Royal_Rest8409This week

How a founder built a B2B AI startup to serve with 65+ global brands (including Fortune500 companies) (I will not promote)

AI Palette is an AI-driven platform that helps food and beverage companies predict emerging product trends. I had the opportunity recently to sit down with the founder to get his advice on building an AI-first startup, which he'll be going through in this post. (I will not promote) About AI Palette: Co-founders: >!2 (Somsubhra GanChoudhuri, Himanshu Upreti)!!100+!!$12.7M USD!!AI-powered predictive analytics for the CPG (Consumer Packaged Goods) industry!!Signed first paying customer in the first year!!65+ global brands, including Cargill, Diageo, Ajinomoto, Symrise, Mondelez, and L’Oréal, use AI Palette!!Every new product launched has secured a paying client within months!!Expanded into Beauty & Personal Care (BPC), onboarding one of India’s largest BPC companies within weeks!!Launched multiple new product lines in the last two years, creating a unified suite for brand innovation!Identify the pain points in your industry for ideas* When I was working in the flavour and fragrance industry, I noticed a major issue CPG companies faced: launching a product took at least one to two years. For instance, if a company decided today to launch a new juice, it wouldn’t hit the market until 2027. This long timeline made it difficult to stay relevant and on top of trends. Another big problem I noticed was that companies relied heavily on market research to determine what products to launch. While this might work for current consumer preferences, it was highly inefficient since the product wouldn’t actually reach the market for several years. By the time the product launched, the consumer trends had already shifted, making that research outdated. That’s where AI can play a crucial role. Instead of looking at what consumers like today, we realised that companies should use AI to predict what they will want next. This allows businesses to create products that are ahead of the curve. Right now, the failure rate for new product launches is alarmingly high, with 8 out of 10 products failing. By leveraging AI, companies can avoid wasting resources on products that won’t succeed, leading to better, more successful launches. Start by talking to as many industry experts as possible to identify the real problems When we first had the idea for AI Palette, it was just a hunch, a gut feeling—we had no idea whether people would actually pay for it. To validate the idea, we reached out to as many people as we could within the industry. Since our focus area was all about consumer insights, we spoke to professionals in the CPG sector, particularly those in the insights departments of CPG companies. Through these early conversations, we began to see a common pattern emerge and identified the exact problem we wanted to solve. Don’t tell people what you’re building—listen to their frustrations and challenges first. Going into these early customer conversations, our goal was to listen and understand their challenges without telling them what we were trying to build. This is crucial as it ensures that you can gather as much data about the problem to truly understand it and that you aren't biasing their answers by showing your solution. This process helped us in two key ways: First, it validated that there was a real problem in the industry through the number of people who spoke about experiencing the same problem. Second, it allowed us to understand the exact scale and depth of the problem—e.g., how much money companies were spending on consumer research, what kind of tools they were currently using, etc. Narrow down your focus to a small, actionable area to solve initially. Once we were certain that there was a clear problem worth solving, we didn’t try to tackle everything at once. As a small team of two people, we started by focusing on a specific area of the problem—something big enough to matter but small enough for us to handle. Then, we approached customers with a potential solution and asked them for feedback. We learnt that our solution seemed promising, but we wanted to validate it further. If customers are willing to pay you for the solution, it’s a strong validation signal for market demand. One of our early customer interviewees even asked us to deliver the solution, which we did manually at first. We used machine learning models to analyse the data and presented the results in a slide deck. They paid us for the work, which was a critical moment. It meant we had something with real potential, and we had customers willing to pay us before we had even built the full product. This was the key validation that we needed. By the time we were ready to build the product, we had already gathered crucial insights from our early customers. We understood the specific information they wanted and how they wanted the results to be presented. This input was invaluable in shaping the development of our final product. Building & Product Development Start with a simple concept/design to validate with customers before building When we realised the problem and solution, we began by designing the product, but not by jumping straight into coding. Instead, we created wireframes and user interfaces using tools like InVision and Figma. This allowed us to visually represent the product without the need for backend or frontend development at first. The goal was to showcase how the product would look and feel, helping potential customers understand its value before we even started building. We showed these designs to potential customers and asked for feedback. Would they want to buy this product? Would they pay for it? We didn’t dive into actual development until we found a customer willing to pay a significant amount for the solution. This approach helped us ensure we were on the right track and didn’t waste time or resources building something customers didn’t actually want. Deliver your solution using a manual consulting approach before developing an automated product Initially, we solved problems for customers in a more "consulting" manner, delivering insights manually. Recall how I mentioned that when one of our early customer interviewees asked us to deliver the solution, we initially did it manually by using machine learning models to analyse the data and presenting the results to them in a slide deck. This works for the initial stages of validating your solution, as you don't want to invest too much time into building a full-blown MVP before understanding the exact features and functionalities that your users want. However, after confirming that customers were willing to pay for what we provided, we moved forward with actual product development. This shift from a manual service to product development was key to scaling in a sustainable manner, as our building was guided by real-world feedback and insights rather than intuition. Let ongoing customer feedback drive iteration and the product roadmap Once we built the first version of the product, it was basic, solving only one problem. But as we worked closely with customers, they requested additional features and functionalities to make it more useful. As a result, we continued to evolve the product to handle more complex use cases, gradually developing new modules based on customer feedback. Product development is a continuous process. Our early customers pushed us to expand features and modules, from solving just 20% of their problems to tackling 50–60% of their needs. These demands shaped our product roadmap and guided the development of new features, ultimately resulting in a more complete solution. Revenue and user numbers are key metrics for assessing product-market fit. However, critical mass varies across industries Product-market fit (PMF) can often be gauged by looking at the size of your revenue and the number of customers you're serving. Once you've reached a certain critical mass of customers, you can usually tell that you're starting to hit product-market fit. However, this critical mass varies by industry and the type of customers you're targeting. For example, if you're building an app for a broad consumer market, you may need thousands of users. But for enterprise software, product-market fit may be reached with just a few dozen key customers. Compare customer engagement and retention with other available solutions on the market for product-market fit Revenue and the number of customers alone isn't always enough to determine if you're reaching product-market fit. The type of customer and the use case for your product also matter. The level of engagement with your product—how much time users are spending on the platform—is also an important metric to track. The more time they spend, the more likely it is that your product is meeting a crucial need. Another way to evaluate product-market fit is by assessing retention, i.e whether users are returning to your platform and relying on it consistently, as compared to other solutions available. That's another key indication that your solution is gaining traction in the market. Business Model & Monetisation Prioritise scalability Initially, we started with a consulting-type model where we tailor-made specific solutions for each customer use-case we encountered and delivered the CPG insights manually, but we soon realized that this wasn't scalable. The problem with consulting is that you need to do the same work repeatedly for every new project, which requires a large team to handle the workload. That is not how you sustain a high-growth startup. To solve this, we focused on building a product that would address the most common problems faced by our customers. Once built, this product could be sold to thousands of customers without significant overheads, making the business scalable. With this in mind, we decided on a SaaS (Software as a Service) business model. The benefit of SaaS is that once you create the software, you can sell it to many customers without adding extra overhead. This results in a business with higher margins, where the same product can serve many customers simultaneously, making it much more efficient than the consulting model. Adopt a predictable, simplistic business model for efficiency. Look to industry practices for guidance When it came to monetisation, we considered the needs of our CPG customers, who I knew from experience were already accustomed to paying annual subscriptions for sales databases and other software services. We decided to adopt the same model and charge our customers an annual upfront fee. This model worked well for our target market, aligning with industry standards and ensuring stable, recurring revenue. Moreover, our target CPG customers were already used to this business model and didn't have to choose from a huge variety of payment options, making closing sales a straightforward and efficient process. Marketing & Sales Educate the market to position yourself as a thought leader When we started, AI was not widely understood, especially in the CPG industry. We had to create awareness around both AI and its potential value. Our strategy focused on educating potential users and customers about AI, its relevance, and why they should invest in it. This education was crucial to the success of our marketing efforts. To establish credibility, we adopted a thought leadership approach. We wrote blogs on the importance of AI and how it could solve problems for CPG companies. We also participated in events and conferences to demonstrate our expertise in applying AI to the industry. This helped us build our brand and reputation as leaders in the AI space for CPG, and word-of-mouth spread as customers recognized us as the go-to company for AI solutions. It’s tempting for startups to offer products for free in the hopes of gaining early traction with customers, but this approach doesn't work in the long run. Free offerings don’t establish the value of your product, and customers may not take them seriously. You should always charge for pilots, even if the fee is minimal, to ensure that the customer is serious about potentially working with you, and that they are committed and engaged with the product. Pilots/POCs/Demos should aim to give a "flavour" of what you can deliver A paid pilot/POC trial also gives you the opportunity to provide a “flavour” of what your product can deliver, helping to build confidence and trust with the client. It allows customers to experience a detailed preview of what your product can do, which builds anticipation and desire for the full functionality. During this phase, ensure your product is built to give them a taste of the value you can provide, which sets the stage for a broader, more impactful adoption down the line. Fundraising & Financial Management Leverage PR to generate inbound interest from VCs When it comes to fundraising, our approach was fairly traditional—we reached out to VCs and used connections from existing investors to make introductions. However, looking back, one thing that really helped us build momentum during our fundraising process was getting featured in Tech in Asia. This wasn’t planned; it just so happened that Tech in Asia was doing a series on AI startups in Southeast Asia and they reached out to us for an article. During the interview, they asked if we were fundraising, and we mentioned that we were. As a result, several VCs we hadn’t yet contacted reached out to us. This inbound interest was incredibly valuable, and we found it far more effective than our outbound efforts. So, if you can, try to generate some PR attention—it can help create inbound interest from VCs, and that interest is typically much stronger and more promising than any outbound strategies because they've gone out of their way to reach out to you. Be well-prepared and deliberate about fundraising. Keep trying and don't lose heart When pitching to VCs, it’s crucial to be thoroughly prepared, as you typically only get one shot at making an impression. If you mess up, it’s unlikely they’ll give you a second chance. You need to have key metrics at your fingertips, especially if you're running a SaaS company. Be ready to answer questions like: What’s your retention rate? What are your projections for the year? How much will you close? What’s your average contract value? These numbers should be at the top of your mind. Additionally, fundraising should be treated as a structured process, not something you do on the side while juggling other tasks. When you start, create a clear plan: identify 20 VCs to reach out to each week. By planning ahead, you’ll maintain momentum and speed up the process. Fundraising can be exhausting and disheartening, especially when you face multiple rejections. Remember, you just need one investor to say yes to make it all worthwhile. When using funds, prioritise profitability and grow only when necessary. Don't rely on funding to survive. In the past, the common advice for startups was to raise money, burn through it quickly, and use it to boost revenue numbers, even if that meant operating at a loss. The idea was that profitability wasn’t the main focus, and the goal was to show rapid growth for the next funding round. However, times have changed, especially with the shift from “funding summer” to “funding winter.” My advice now is to aim for profitability as soon as possible and grow only when it's truly needed. For example, it’s tempting to hire a large team when you have substantial funds in the bank, but ask yourself: Do you really need 10 new hires, or could you get by with just four? Growing too quickly can lead to unnecessary expenses, so focus on reaching profitability as soon as possible, rather than just inflating your team or burn rate. The key takeaway is to spend your funds wisely and only when absolutely necessary to reach profitability. You want to avoid becoming dependent on future VC investments to keep your company afloat. Instead, prioritize reaching break-even as quickly as you can, so you're not reliant on external funding to survive in the long run. Team-Building & Leadership Look for complementary skill sets in co-founders When choosing a co-founder, it’s important to find someone with a complementary skill set, not just someone you’re close to. For example, I come from a business and commercial background, so I needed someone with technical expertise. That’s when I found my co-founder, Himanshu, who had experience in machine learning and AI. He was a great match because his technical knowledge complemented my business skills, and together we formed a strong team. It might seem natural to choose your best friend as your co-founder, but this can often lead to conflict. Chances are, you and your best friend share similar interests, skills, and backgrounds, which doesn’t bring diversity to the table. If both of you come from the same industry or have the same strengths, you may end up butting heads on how things should be done. Having diverse skill sets helps avoid this and fosters a more collaborative working relationship. Himanshu (left) and Somsubhra (right) co-founded AI Palette in 2018 Define roles clearly to prevent co-founder conflict To avoid conflict, it’s essential that your roles as co-founders are clearly defined from the beginning. If your co-founder and you have distinct responsibilities, there is no room for overlap or disagreement. This ensures that both of you can work without stepping on each other's toes, and there’s mutual respect for each other’s expertise. This is another reason as to why it helps to have a co-founder with a complementary skillset to yours. Not only is having similar industry backgrounds and skillsets not particularly useful when building out your startup, it's also more likely to lead to conflicts since you both have similar subject expertise. On the other hand, if your co-founder is an expert in something that you're not, you're less likely to argue with them about their decisions regarding that aspect of the business and vice versa when it comes to your decisions. Look for employees who are driven by your mission, not salary For early-stage startups, the first hires are crucial. These employees need to be highly motivated and excited about the mission. Since the salary will likely be low and the work demanding, they must be driven by something beyond just the paycheck. The right employees are the swash-buckling pirates and romantics, i.e those who are genuinely passionate about the startup’s vision and want to be part of something impactful beyond material gains. When employees are motivated by the mission, they are more likely to stick around and help take the startup to greater heights. A litmus test for hiring: Would you be excited to work with them on a Sunday? One of the most important rounds in the hiring process is the culture fit round. This is where you assess whether a candidate shares the same values as you and your team. A key question to ask yourself is: "Would I be excited to work with this person on a Sunday?" If there’s any doubt about your answer, it’s likely not a good fit. The idea is that you want employees who align with the company's culture and values and who you would enjoy collaborating with even outside of regular work hours. How we structure the team at AI Palette We have three broad functions in our organization. The first two are the big ones: Technical Team – This is the core of our product and technology. This team is responsible for product development and incorporating customer feedback into improving the technology Commercial Team – This includes sales, marketing, customer service, account managers, and so on, handling everything related to business growth and customer relations. General and Administrative Team – This smaller team supports functions like finance, HR, and administration. As with almost all businesses, we have teams that address the two core tasks of building (technical team) and selling (commercial team), but given the size we're at now, having the administrative team helps smoothen operations. Set broad goals but let your teams decide on execution What I've done is recruit highly skilled people who don't need me to micromanage them on a day-to-day basis. They're experts in their roles, and as Steve Jobs said, when you hire the right person, you don't have to tell them what to do—they understand the purpose and tell you what to do. So, my job as the CEO is to set the broader goals for them, review the plans they have to achieve those goals, and periodically check in on progress. For example, if our broad goal is to meet a certain revenue target, I break it down across teams: For the sales team, I’ll look at how they plan to hit that target—how many customers they need to sell to, how many salespeople they need, and what tactics and strategies they plan to use. For the technical team, I’ll evaluate our product offerings—whether they think we need to build new products to attract more customers, and whether they think it's scalable for the number of customers we plan to serve. This way, the entire organization's tasks are cascaded in alignment with our overarching goals, with me setting the direction and leaving the details of execution to the skilled team members that I hire.

Behind the scene : fundraising pre-seed of an AI startup
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Consistent-Wafer7325This week

Behind the scene : fundraising pre-seed of an AI startup

A bit of feedback from our journey at our AI startup. We started prototyping stuff around agentic AI last winter with very cool underlying tech research based on some academic papers (I can send you links if you're interested in LLM orchestration). I'm a serial entrepreneur with 2x exits, nothing went fancy but enough to keep going into the next topic. This time, running an AI project has been a bit different and unique due to the huge interest around the topic. Here are a few insights. Jan \~ Mar: Research Nothing was serious, just a side project with a friend on weekends (the guy became our lead SWE). Market was promising and we had the convinction that our tech can be game changer in computer systems workflows. March \~ April: Market Waking Up Devin published their pre-seed $20m fundraising led by Founders Fund; they paved the market with legitimacy. I decided to launch some coffee meetings with a few angels in my network. Interest confirmed. Back to work on some more serious early prototyping; hard work started here. April \~ May: YC S24 (Fail) Pumped up by our prospective angels and the market waking up on the agentic topic, I applied to YC as a solo founder (was still looking for funds and co-founders). Eventually got rejected (no co-founder and not US-based). May \~ July: VC Dance (Momentum 1) Almost randomly at the same time we got rejected from YC, I got introduced to key members of the VC community by one of our prospective angels. Interest went crazy... tons of calls. Brace yourself here, we probably met 30\~40 funds (+ angels). Got strong interests from 4\~5 of them (3 to 5 meetings each), ultimately closed 1 and some interests which might convert later in the next stage. The legend of AI being hype is true. Majority of our calls went only by word of mouth, lots of inbounds, people even not having the deck would book us a call in the next 48h after saying hi. Also lots of "tourists," just looking because of AI but with no strong opinion on the subject to move further. The hearsay about 90% rejection is true. You'll have a lot of nos, ending some days exhausted and unmotivated. End July: Closing, the Hard Part The VC roadshow is kind of an art you need to master. You need to keep momentum high enough and looking over-subscribed. Good pre-seed VC deals are over-competitive, and good funds only focus on them; they will have opportunities to catch up on lost chances at the seed stage later. We succeeded (arduously) to close our 18\~24mo budget with 1 VC, a few angels, and some state-guaranteed debt. Cash in bank just on time for payday in August (don't under-estimate time of processing) Now: Launching and Prepping the Seed Round We're now in our first weeks of go-to-market with a lot of uncertainty but a very ambitious plan ahead. The good part of having met TONS of VCs during the pre-seed roadshow is that we met probably our future lead investors in these. What would look like a loss of time in the initial pre-seed VC meetings has been finally very prolific, helping us to refine our strategy, assessing more in-depth the market (investors have a lot of insights, they meet a lot of people... that's their full-time job). We now have clear milestones and are heading to raise our seed round by end of year/Q1 if stars stay aligned :) Don't give up, the show must go on.

Lessons from 139 YC AI startups (S23)
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Lessons from 139 YC AI startups (S23)

YC's Demo Day was last week, and with it comes another deluge of AI companies. A record-breaking 139 startups were in some way related to AI or ML - up from 112 in the last batch. Here are 5 of my biggest takeaways: AI is (still) eating the world. It's remarkable how diverse the industries are - over two dozen verticals were represented, from materials science to social media to security. However, the top four categories were: AI Ops: Tooling and platforms to help companies deploy working AI models. We'll discuss more below, but AI Ops has become a huge category, primarily focused on LLMs and taming them for production use cases. Developer Tools: Apps, plugins, and SDKs making it easier to write code. There were plenty of examples of integrating third-party data, auto-generating code/tests, and working with agents/chatbots to build and debug code. Healthcare + Biotech: It seems like healthcare has a lot of room for automation, with companies working on note-taking, billing, training, and prescribing. And on the biotech side, there are some seriously cool companies building autonomous surgery robots and at-home cancer detection. Finance + Payments: Startups targeting banks, fintechs, and compliance departments. This was a wide range of companies, from automated collections to AI due diligence to "Copilot for bankers." Those four areas covered over half of the startups. The first two make sense: YC has always filtered for technical founders, and many are using AI to do what they know - improve the software developer workflow. But it's interesting to see healthcare and finance not far behind. Previously, I wrote: Large enterprises, healthcare, and government are not going to send sensitive data to OpenAI. This leaves a gap for startups to build on-premise, compliant \[LLMs\] for these verticals. And we're now seeing exactly that - LLMs focused on healthcare and finance and AI Ops companies targeting on-prem use cases. It also helps that one of the major selling points of generative AI right now is cost-cutting - an enticing use case for healthcare and finance. Copilots are king. In the last batch, a lot of startups positioned themselves as "ChatGPT for X," with a consumer focus. It seems the current trend, though, is "Copilot for X" - B2B AI assistants to help you do everything from KYC checks to corporate event planning to chip design to negotiate contracts. Nearly two dozen companies were working on some sort of artificial companion for businesses - and a couple for consumers. It's more evidence for the argument that AI will not outright replace workers - instead, existing workers will collaborate with AI to be more productive. And as AI becomes more mainstream, this trend of making specialized tools for specific industries or tasks will only grow. That being said - a Bing-style AI that lives in a sidebar and is only accessible via chat probably isn't the most useful form factor for AI. But until OpenAI, Microsoft, and Google change their approach (or until another company steps up), we'll probably see many more Copilots. AI Ops is becoming a key sector. "AI Ops" has been a term for only a few years. "LLM Ops" has existed for barely a year. And yet, so many companies are focused on training, fine-tuning, deploying, hosting, and post-processing LLMs it's quickly becoming a critical piece of the AI space. It's a vast industry that's sprung up seemingly overnight, and it was pretty interesting to see some of the problems being solved at the bleeding edge. For example: Adding context to language models with as few as ten samples. Pausing and moving training runs in real-time. Managing training data ownership and permissions. Faster vector databases. Fine-tuning models with synthetic data. But as much ~~hype~~ enthusiasm and opportunity as there might be, the size of the AI Ops space also shows how much work is needed to really productionalize LLMs and other models. There are still many open questions about reliability, privacy, observability, usability, and safety when it comes to using LLMs in the wild. Who owns the model? Does it matter? Nine months ago, anyone building an LLM company was doing one of three things: Training their own model from scratch. Fine-tuning a version of GPT-3. Building a wrapper around ChatGPT. Thanks to Meta, the open-source community, and the legions of competitors trying to catch up to OpenAI, there are now dozens of ways to integrate LLMs. However, I found it interesting how few B2B companies mentioned whether or not they trained their own model. If I had to guess, I'd say many are using ChatGPT or a fine-tuned version of Llama 2. But it raises an interesting question - if the AI provides value, does it matter if it's "just" ChatGPT behind the scenes? And once ChatGPT becomes fine-tuneable, when (if ever) will startups decide to ditch OpenAI and use their own model instead? "AI" isn't a silver bullet. At the end of the day, perhaps the biggest lesson is that "AI" isn't a magical cure-all - you still need to build a defensible company. At the beginning of the post-ChatGPT hype wave, it seemed like you just had to say "we're adding AI" to raise your next round or boost your stock price. But competition is extremely fierce. Even within this batch, there were multiple companies with nearly identical pitches, including: Solving customer support tickets. Negotiating sales contracts. Writing drafts of legal documents. Building no-code LLM workflows. On-prem LLM deployment. Automating trust and safety moderation. As it turns out, AI can be a competitive advantage, but it can't make up for a bad business. The most interesting (and likely valuable) companies are the ones that take boring industries and find non-obvious use cases for AI. In those cases, the key is having a team that can effectively distribute a product to users, with or without AI. Where we’re headed I'll be honest - 139 companies is a lot. In reviewing them all, there were points where it just felt completely overwhelming. But after taking a step back, seeing them all together paints an incredibly vivid picture of the current AI landscape: one that is diverse, rapidly evolving, and increasingly integrated into professional and personal tasks. These startups aren't just building AI for the sake of technology or academic research, but are trying to address real-world problems. Technology is always a double-edged sword - and some of the startups felt a little too dystopian for my taste - but I'm still hopeful about AI's ability to improve productivity and the human experience.

Behind the scene : fundraising pre-seed of an AI startup
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Consistent-Wafer7325This week

Behind the scene : fundraising pre-seed of an AI startup

A bit of feedback from our journey at our AI startup. We started prototyping stuff around agentic AI last winter with very cool underlying tech research based on some academic papers (I can send you links if you're interested in LLM orchestration). I'm a serial entrepreneur with 2x exits, nothing went fancy but enough to keep going into the next topic. This time, running an AI project has been a bit different and unique due to the huge interest around the topic. Here are a few insights. Jan \~ Mar: Research Nothing was serious, just a side project with a friend on weekends (the guy became our lead SWE). Market was promising and we had the convinction that our tech can be game changer in computer systems workflows. March \~ April: Market Waking Up Devin published their pre-seed $20m fundraising led by Founders Fund; they paved the market with legitimacy. I decided to launch some coffee meetings with a few angels in my network. Interest confirmed. Back to work on some more serious early prototyping; hard work started here. April \~ May: YC S24 (Fail) Pumped up by our prospective angels and the market waking up on the agentic topic, I applied to YC as a solo founder (was still looking for funds and co-founders). Eventually got rejected (no co-founder and not US-based). May \~ July: VC Dance (Momentum 1) Almost randomly at the same time we got rejected from YC, I got introduced to key members of the VC community by one of our prospective angels. Interest went crazy... tons of calls. Brace yourself here, we probably met 30\~40 funds (+ angels). Got strong interests from 4\~5 of them (3 to 5 meetings each), ultimately closed 1 and some interests which might convert later in the next stage. The legend of AI being hype is true. Majority of our calls went only by word of mouth, lots of inbounds, people even not having the deck would book us a call in the next 48h after saying hi. Also lots of "tourists," just looking because of AI but with no strong opinion on the subject to move further. The hearsay about 90% rejection is true. You'll have a lot of nos, ending some days exhausted and unmotivated. End July: Closing, the Hard Part The VC roadshow is kind of an art you need to master. You need to keep momentum high enough and looking over-subscribed. Good pre-seed VC deals are over-competitive, and good funds only focus on them; they will have opportunities to catch up on lost chances at the seed stage later. We succeeded (arduously) to close our 18\~24mo budget with 1 VC, a few angels, and some state-guaranteed debt. Cash in bank just on time for payday in August (don't under-estimate time of processing) Now: Launching and Prepping the Seed Round We're now in our first weeks of go-to-market with a lot of uncertainty but a very ambitious plan ahead. The good part of having met TONS of VCs during the pre-seed roadshow is that we met probably our future lead investors in these. What would look like a loss of time in the initial pre-seed VC meetings has been finally very prolific, helping us to refine our strategy, assessing more in-depth the market (investors have a lot of insights, they meet a lot of people... that's their full-time job). We now have clear milestones and are heading to raise our seed round by end of year/Q1 if stars stay aligned :) Don't give up, the show must go on.

How a founder built a B2B AI startup to serve with 65+ global brands (including Fortune500 companies) (I will not promote)
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How a founder built a B2B AI startup to serve with 65+ global brands (including Fortune500 companies) (I will not promote)

AI Palette is an AI-driven platform that helps food and beverage companies predict emerging product trends. I had the opportunity recently to sit down with the founder to get his advice on building an AI-first startup, which he'll be going through in this post. (I will not promote) About AI Palette: Co-founders: >!2 (Somsubhra GanChoudhuri, Himanshu Upreti)!!100+!!$12.7M USD!!AI-powered predictive analytics for the CPG (Consumer Packaged Goods) industry!!Signed first paying customer in the first year!!65+ global brands, including Cargill, Diageo, Ajinomoto, Symrise, Mondelez, and L’Oréal, use AI Palette!!Every new product launched has secured a paying client within months!!Expanded into Beauty & Personal Care (BPC), onboarding one of India’s largest BPC companies within weeks!!Launched multiple new product lines in the last two years, creating a unified suite for brand innovation!Identify the pain points in your industry for ideas* When I was working in the flavour and fragrance industry, I noticed a major issue CPG companies faced: launching a product took at least one to two years. For instance, if a company decided today to launch a new juice, it wouldn’t hit the market until 2027. This long timeline made it difficult to stay relevant and on top of trends. Another big problem I noticed was that companies relied heavily on market research to determine what products to launch. While this might work for current consumer preferences, it was highly inefficient since the product wouldn’t actually reach the market for several years. By the time the product launched, the consumer trends had already shifted, making that research outdated. That’s where AI can play a crucial role. Instead of looking at what consumers like today, we realised that companies should use AI to predict what they will want next. This allows businesses to create products that are ahead of the curve. Right now, the failure rate for new product launches is alarmingly high, with 8 out of 10 products failing. By leveraging AI, companies can avoid wasting resources on products that won’t succeed, leading to better, more successful launches. Start by talking to as many industry experts as possible to identify the real problems When we first had the idea for AI Palette, it was just a hunch, a gut feeling—we had no idea whether people would actually pay for it. To validate the idea, we reached out to as many people as we could within the industry. Since our focus area was all about consumer insights, we spoke to professionals in the CPG sector, particularly those in the insights departments of CPG companies. Through these early conversations, we began to see a common pattern emerge and identified the exact problem we wanted to solve. Don’t tell people what you’re building—listen to their frustrations and challenges first. Going into these early customer conversations, our goal was to listen and understand their challenges without telling them what we were trying to build. This is crucial as it ensures that you can gather as much data about the problem to truly understand it and that you aren't biasing their answers by showing your solution. This process helped us in two key ways: First, it validated that there was a real problem in the industry through the number of people who spoke about experiencing the same problem. Second, it allowed us to understand the exact scale and depth of the problem—e.g., how much money companies were spending on consumer research, what kind of tools they were currently using, etc. Narrow down your focus to a small, actionable area to solve initially. Once we were certain that there was a clear problem worth solving, we didn’t try to tackle everything at once. As a small team of two people, we started by focusing on a specific area of the problem—something big enough to matter but small enough for us to handle. Then, we approached customers with a potential solution and asked them for feedback. We learnt that our solution seemed promising, but we wanted to validate it further. If customers are willing to pay you for the solution, it’s a strong validation signal for market demand. One of our early customer interviewees even asked us to deliver the solution, which we did manually at first. We used machine learning models to analyse the data and presented the results in a slide deck. They paid us for the work, which was a critical moment. It meant we had something with real potential, and we had customers willing to pay us before we had even built the full product. This was the key validation that we needed. By the time we were ready to build the product, we had already gathered crucial insights from our early customers. We understood the specific information they wanted and how they wanted the results to be presented. This input was invaluable in shaping the development of our final product. Building & Product Development Start with a simple concept/design to validate with customers before building When we realised the problem and solution, we began by designing the product, but not by jumping straight into coding. Instead, we created wireframes and user interfaces using tools like InVision and Figma. This allowed us to visually represent the product without the need for backend or frontend development at first. The goal was to showcase how the product would look and feel, helping potential customers understand its value before we even started building. We showed these designs to potential customers and asked for feedback. Would they want to buy this product? Would they pay for it? We didn’t dive into actual development until we found a customer willing to pay a significant amount for the solution. This approach helped us ensure we were on the right track and didn’t waste time or resources building something customers didn’t actually want. Deliver your solution using a manual consulting approach before developing an automated product Initially, we solved problems for customers in a more "consulting" manner, delivering insights manually. Recall how I mentioned that when one of our early customer interviewees asked us to deliver the solution, we initially did it manually by using machine learning models to analyse the data and presenting the results to them in a slide deck. This works for the initial stages of validating your solution, as you don't want to invest too much time into building a full-blown MVP before understanding the exact features and functionalities that your users want. However, after confirming that customers were willing to pay for what we provided, we moved forward with actual product development. This shift from a manual service to product development was key to scaling in a sustainable manner, as our building was guided by real-world feedback and insights rather than intuition. Let ongoing customer feedback drive iteration and the product roadmap Once we built the first version of the product, it was basic, solving only one problem. But as we worked closely with customers, they requested additional features and functionalities to make it more useful. As a result, we continued to evolve the product to handle more complex use cases, gradually developing new modules based on customer feedback. Product development is a continuous process. Our early customers pushed us to expand features and modules, from solving just 20% of their problems to tackling 50–60% of their needs. These demands shaped our product roadmap and guided the development of new features, ultimately resulting in a more complete solution. Revenue and user numbers are key metrics for assessing product-market fit. However, critical mass varies across industries Product-market fit (PMF) can often be gauged by looking at the size of your revenue and the number of customers you're serving. Once you've reached a certain critical mass of customers, you can usually tell that you're starting to hit product-market fit. However, this critical mass varies by industry and the type of customers you're targeting. For example, if you're building an app for a broad consumer market, you may need thousands of users. But for enterprise software, product-market fit may be reached with just a few dozen key customers. Compare customer engagement and retention with other available solutions on the market for product-market fit Revenue and the number of customers alone isn't always enough to determine if you're reaching product-market fit. The type of customer and the use case for your product also matter. The level of engagement with your product—how much time users are spending on the platform—is also an important metric to track. The more time they spend, the more likely it is that your product is meeting a crucial need. Another way to evaluate product-market fit is by assessing retention, i.e whether users are returning to your platform and relying on it consistently, as compared to other solutions available. That's another key indication that your solution is gaining traction in the market. Business Model & Monetisation Prioritise scalability Initially, we started with a consulting-type model where we tailor-made specific solutions for each customer use-case we encountered and delivered the CPG insights manually, but we soon realized that this wasn't scalable. The problem with consulting is that you need to do the same work repeatedly for every new project, which requires a large team to handle the workload. That is not how you sustain a high-growth startup. To solve this, we focused on building a product that would address the most common problems faced by our customers. Once built, this product could be sold to thousands of customers without significant overheads, making the business scalable. With this in mind, we decided on a SaaS (Software as a Service) business model. The benefit of SaaS is that once you create the software, you can sell it to many customers without adding extra overhead. This results in a business with higher margins, where the same product can serve many customers simultaneously, making it much more efficient than the consulting model. Adopt a predictable, simplistic business model for efficiency. Look to industry practices for guidance When it came to monetisation, we considered the needs of our CPG customers, who I knew from experience were already accustomed to paying annual subscriptions for sales databases and other software services. We decided to adopt the same model and charge our customers an annual upfront fee. This model worked well for our target market, aligning with industry standards and ensuring stable, recurring revenue. Moreover, our target CPG customers were already used to this business model and didn't have to choose from a huge variety of payment options, making closing sales a straightforward and efficient process. Marketing & Sales Educate the market to position yourself as a thought leader When we started, AI was not widely understood, especially in the CPG industry. We had to create awareness around both AI and its potential value. Our strategy focused on educating potential users and customers about AI, its relevance, and why they should invest in it. This education was crucial to the success of our marketing efforts. To establish credibility, we adopted a thought leadership approach. We wrote blogs on the importance of AI and how it could solve problems for CPG companies. We also participated in events and conferences to demonstrate our expertise in applying AI to the industry. This helped us build our brand and reputation as leaders in the AI space for CPG, and word-of-mouth spread as customers recognized us as the go-to company for AI solutions. It’s tempting for startups to offer products for free in the hopes of gaining early traction with customers, but this approach doesn't work in the long run. Free offerings don’t establish the value of your product, and customers may not take them seriously. You should always charge for pilots, even if the fee is minimal, to ensure that the customer is serious about potentially working with you, and that they are committed and engaged with the product. Pilots/POCs/Demos should aim to give a "flavour" of what you can deliver A paid pilot/POC trial also gives you the opportunity to provide a “flavour” of what your product can deliver, helping to build confidence and trust with the client. It allows customers to experience a detailed preview of what your product can do, which builds anticipation and desire for the full functionality. During this phase, ensure your product is built to give them a taste of the value you can provide, which sets the stage for a broader, more impactful adoption down the line. Fundraising & Financial Management Leverage PR to generate inbound interest from VCs When it comes to fundraising, our approach was fairly traditional—we reached out to VCs and used connections from existing investors to make introductions. However, looking back, one thing that really helped us build momentum during our fundraising process was getting featured in Tech in Asia. This wasn’t planned; it just so happened that Tech in Asia was doing a series on AI startups in Southeast Asia and they reached out to us for an article. During the interview, they asked if we were fundraising, and we mentioned that we were. As a result, several VCs we hadn’t yet contacted reached out to us. This inbound interest was incredibly valuable, and we found it far more effective than our outbound efforts. So, if you can, try to generate some PR attention—it can help create inbound interest from VCs, and that interest is typically much stronger and more promising than any outbound strategies because they've gone out of their way to reach out to you. Be well-prepared and deliberate about fundraising. Keep trying and don't lose heart When pitching to VCs, it’s crucial to be thoroughly prepared, as you typically only get one shot at making an impression. If you mess up, it’s unlikely they’ll give you a second chance. You need to have key metrics at your fingertips, especially if you're running a SaaS company. Be ready to answer questions like: What’s your retention rate? What are your projections for the year? How much will you close? What’s your average contract value? These numbers should be at the top of your mind. Additionally, fundraising should be treated as a structured process, not something you do on the side while juggling other tasks. When you start, create a clear plan: identify 20 VCs to reach out to each week. By planning ahead, you’ll maintain momentum and speed up the process. Fundraising can be exhausting and disheartening, especially when you face multiple rejections. Remember, you just need one investor to say yes to make it all worthwhile. When using funds, prioritise profitability and grow only when necessary. Don't rely on funding to survive. In the past, the common advice for startups was to raise money, burn through it quickly, and use it to boost revenue numbers, even if that meant operating at a loss. The idea was that profitability wasn’t the main focus, and the goal was to show rapid growth for the next funding round. However, times have changed, especially with the shift from “funding summer” to “funding winter.” My advice now is to aim for profitability as soon as possible and grow only when it's truly needed. For example, it’s tempting to hire a large team when you have substantial funds in the bank, but ask yourself: Do you really need 10 new hires, or could you get by with just four? Growing too quickly can lead to unnecessary expenses, so focus on reaching profitability as soon as possible, rather than just inflating your team or burn rate. The key takeaway is to spend your funds wisely and only when absolutely necessary to reach profitability. You want to avoid becoming dependent on future VC investments to keep your company afloat. Instead, prioritize reaching break-even as quickly as you can, so you're not reliant on external funding to survive in the long run. Team-Building & Leadership Look for complementary skill sets in co-founders When choosing a co-founder, it’s important to find someone with a complementary skill set, not just someone you’re close to. For example, I come from a business and commercial background, so I needed someone with technical expertise. That’s when I found my co-founder, Himanshu, who had experience in machine learning and AI. He was a great match because his technical knowledge complemented my business skills, and together we formed a strong team. It might seem natural to choose your best friend as your co-founder, but this can often lead to conflict. Chances are, you and your best friend share similar interests, skills, and backgrounds, which doesn’t bring diversity to the table. If both of you come from the same industry or have the same strengths, you may end up butting heads on how things should be done. Having diverse skill sets helps avoid this and fosters a more collaborative working relationship. Himanshu (left) and Somsubhra (right) co-founded AI Palette in 2018 Define roles clearly to prevent co-founder conflict To avoid conflict, it’s essential that your roles as co-founders are clearly defined from the beginning. If your co-founder and you have distinct responsibilities, there is no room for overlap or disagreement. This ensures that both of you can work without stepping on each other's toes, and there’s mutual respect for each other’s expertise. This is another reason as to why it helps to have a co-founder with a complementary skillset to yours. Not only is having similar industry backgrounds and skillsets not particularly useful when building out your startup, it's also more likely to lead to conflicts since you both have similar subject expertise. On the other hand, if your co-founder is an expert in something that you're not, you're less likely to argue with them about their decisions regarding that aspect of the business and vice versa when it comes to your decisions. Look for employees who are driven by your mission, not salary For early-stage startups, the first hires are crucial. These employees need to be highly motivated and excited about the mission. Since the salary will likely be low and the work demanding, they must be driven by something beyond just the paycheck. The right employees are the swash-buckling pirates and romantics, i.e those who are genuinely passionate about the startup’s vision and want to be part of something impactful beyond material gains. When employees are motivated by the mission, they are more likely to stick around and help take the startup to greater heights. A litmus test for hiring: Would you be excited to work with them on a Sunday? One of the most important rounds in the hiring process is the culture fit round. This is where you assess whether a candidate shares the same values as you and your team. A key question to ask yourself is: "Would I be excited to work with this person on a Sunday?" If there’s any doubt about your answer, it’s likely not a good fit. The idea is that you want employees who align with the company's culture and values and who you would enjoy collaborating with even outside of regular work hours. How we structure the team at AI Palette We have three broad functions in our organization. The first two are the big ones: Technical Team – This is the core of our product and technology. This team is responsible for product development and incorporating customer feedback into improving the technology Commercial Team – This includes sales, marketing, customer service, account managers, and so on, handling everything related to business growth and customer relations. General and Administrative Team – This smaller team supports functions like finance, HR, and administration. As with almost all businesses, we have teams that address the two core tasks of building (technical team) and selling (commercial team), but given the size we're at now, having the administrative team helps smoothen operations. Set broad goals but let your teams decide on execution What I've done is recruit highly skilled people who don't need me to micromanage them on a day-to-day basis. They're experts in their roles, and as Steve Jobs said, when you hire the right person, you don't have to tell them what to do—they understand the purpose and tell you what to do. So, my job as the CEO is to set the broader goals for them, review the plans they have to achieve those goals, and periodically check in on progress. For example, if our broad goal is to meet a certain revenue target, I break it down across teams: For the sales team, I’ll look at how they plan to hit that target—how many customers they need to sell to, how many salespeople they need, and what tactics and strategies they plan to use. For the technical team, I’ll evaluate our product offerings—whether they think we need to build new products to attract more customers, and whether they think it's scalable for the number of customers we plan to serve. This way, the entire organization's tasks are cascaded in alignment with our overarching goals, with me setting the direction and leaving the details of execution to the skilled team members that I hire.

From Running a $350M Startup to Failing Big and Rediscovering What Really Matters in Life ❤️
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Disastrous-Airport88This week

From Running a $350M Startup to Failing Big and Rediscovering What Really Matters in Life ❤️

This is my story. I’ve always been a hustler. I don’t remember a time I wasn’t working since I was 14. Barely slept 4 hours a night, always busy—solving problems, putting out fires. After college (LLB and MBA), I was lost. I tried regular jobs but couldn’t get excited, and when I’m not excited, I spiral. But I knew entrepreneurship; I just didn’t realize it was an option for adults. Then, in 2017 a friend asked me to help with their startup. “Cool,” I thought. Finally, a place where I could solve problems all day. It was a small e-commerce idea, tackling an interesting angle. I worked 17-hour days, delivering on a bike, talking to customers, vendors, and even random people on the street. Things moved fast. We applied to Y Combinator, got in, and raised $18M before Demo Day even started. We grew 100% month-over-month. Then came another $40M, and I moved to NYC. Before I knew it, we had 1,000 employees and raised $80M more. I was COO, managing 17 direct reports (VPs of Ops, Finance, HR, Data, and more) and 800 indirect employees. On the surface, I was on top of the world. But in reality, I was at rock bottom. I couldn’t sleep, drowning in anxiety, and eventually ended up on antidepressants. Then 2022 hit. We needed to raise $100M, but we couldn’t. In three brutal months, we laid off 900 people. It was the darkest period of my life. I felt like I’d failed everyone—myself, investors, my company, and my team. I took a year off. Packed up the car with my wife and drove across Europe, staying in remote places, just trying to calm my nervous system. I couldn’t speak to anyone, felt ashamed, and battled deep depression. It took over a year, therapy, plant medicine, intense morning routines, and a workout regimen to get back on my feet, physically and mentally. Now, I’m on the other side. In the past 6 months, I’ve been regaining my mojo, with a new respect for who I am and why I’m here. I made peace with what I went through over those 7 years—the lessons, the people, the experiences. I started reconnecting with my community, giving back. Every week, I have conversations with young founders, offering direction, or even jumping in to help with their operations. It’s been a huge gift. I also began exploring side projects. I never knew how to code, but I’ve always had ideas. Recent advances in AI gave me the push I needed. I built my first app, as my first attempt at my true passion—consumer products for kids. Today, I feel wholesome about my journey. I hope others can see that too. ❤️ EDIT: Wow, I didn’t expect this post to resonate with so many people. A lot of you have DM’d me, and I’ll try to respond. Just a heads-up, though—I’m juggling consulting and new projects, so I can’t jump on too many calls. Since I’m not promoting anything, I won’t be funneling folks to my page, so forgive me if I don’t get back to everyone. Anyway, it’s amazing to connect with so many of you. I’d love to write more, so let me know what topics you’d be interested in!

Should we give up?
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mind4waveThis week

Should we give up?

I'm currently very demotivated because we're working on our SaaS startup since 1,5 years and we still haven't found active users, let alone a customer. We're building an AI-first tool that automates user research analysis. We've released two MVPs so far and are planning to build a third. People respond well to outreach (5-7% book a demo from those who received a first message) but then they fail to use it. We are talking with users a lot so we are aware of the problems, and we might be able to solve them if we continue building and testing. I find it hard though to solve these problems efficiently, because there are no similar established AI-first products on the market and it feels like we have to create a new UX standard. Some problems might be very hard to be solved, e.g. there are high cost of switching products for many of our potential users. Also, my time is limited, as I recently (5 months ago) became a mother. I can only work 30 hours per week. It's a competitive area we're in and our competitors have gradually developed into the same direction and it's getting harder to position ourselves. Also, GPTs might soon be able to do what we're doing - for free. I feel like AI tools are generally expected by many to be free. The price we're expecting to be able to bill is getting lower and lower and our finance plan is already looking tight. However, there are adjacent audiences which we could target as well, but none of us knows them. Is it normal as a founder to struggle so much at the beginning? I've read that it took established SaaS 2,5 years on average from founding to first revenue. We haven't founded so far so you could say we're not behind \sarcasm\ Shall we keep pushing? My tech co-founder is optimistic and thinks this is where the wheat is separated from the chaff. We're currently supported financially by a government fund so we haven't spent much private money. However, I feel like my career outlook gets worse with each day that I unsuccessfully try to raise this startup.

Month 2 of building my startup after being laid off - $200 in revenue and 4 (actual) paying customers
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WhosAfraidOf_138This week

Month 2 of building my startup after being laid off - $200 in revenue and 4 (actual) paying customers

In September 2024, I got laid off from my Silicon Valley job. It fucking sucked. I took a day to be sad, then got to work - I'm not one to wallow, I prefer action. Updated my resume, hit up my network, started interviewing. During this time, I had a realization - I'm tired of depending on a single income stream. I needed to diversify. Then it hit me: I literally work with RAG (retrieval augmented generation) in AI. Why not use this knowledge to help small businesses reduce their customer service load and boost sales? One month later, Answer HQ 0.5 (the MVP) was in the hands of our first users (shoutout to these alpha testers - their feedback shaped everything). By month 2, Answer HQ 1.0 launched with four paying customers, and growing. You're probably thinking - great, another chatbot. Yes, Answer HQ is a chatbot at its core. But here's the difference: it actually works. Our paying customers are seeing real results in reducing support load, plus it has something unique - it actively drives sales by turning customer questions into conversions. How? The AI doesn't just answer questions, it naturally recommends relevant products and content (blogs, social media, etc). Since I'm targeting small business owners (who usually aren't tech wizards) and early startups, Answer HQ had to be dead simple to set up. Here's my onboarding process - just 4 steps. I've checked out competitors like Intercom and Crisp, and I can say this: if my non-tech fiancée can set up an assistant on her blog in minutes, anyone can. Key learnings so far: Building in public is powerful. I shared my journey on Threads and X, and the support for a solo founder has been amazing. AI dev tools (Cursor, Claude Sonnet 3.5) have made MVP development incredibly accessible. You can get a working prototype frontend ready in days. I don't see how traditional no-code tools can survive in this age. But.. for a production-ready product? You still need dev skills and background. Example: I use Redis for super-fast loading of configs and themes. An AI won't suggest this optimization unless you know to ask for it. Another example: Cursor + Sonnet 3.5 struggles with code bases with many files and dependencies. It will change things you don't want it to change. Unless you can read code + understand it + know what needs to be changed and not changed, you'll easily run into upper limits of what prompting alone can do. I never mention "artificial intelligence" "AI" "machine learning" or any of these buzzwords once in my copy in my landing page, docs, product, etc. There is no point. Your customers do not care that something has AI in it. AI is not the product. Solving their pain points and problems is the product. AI is simply a tool of many tools like databases, APIs, caching, system design, etc. Early on, I personally onboarded every user through video calls. Time-consuming? Yes. But it helped me deeply understand their pain points and needs. I wasn't selling tech - I was showing them solutions to their problems. Tech stack: NextJS/React/Tailwind/shadcn frontend, Python FastAPI backend. Using Supabase Postgres, Upstash Redis, and Pinecone for different data needs. Hosted on Vercel and Render.com. Customer growth: Started with one alpha tester who saw such great results (especially in driving e-commerce sales) that he insisted on paying for a full year to keep me motivated. This led to two monthly customers, then a fourth annual customer after I raised prices. My advisor actually pushed me to raise prices again, saying I was undercharging for the value provided. I have settled on my final pricing now. I am learning so much. Traditionally, I have a software development and product management background. I am weak in sales and marketing. Building that app, designing the architecture, talking to customers, etc, these are all my strong suits. I enjoy doing it too. But now I need to improve on my ability to market the startup and really start learning things like SEO, content marketing, cold outreach, etc. I enjoying learning new skills. Happy to answer any questions about the journey so far!

Seeking co-founder to build LinkedIn’s biggest rival(curated version)
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ItzdreeThis week

Seeking co-founder to build LinkedIn’s biggest rival(curated version)

How do you connect with likeminded people? You see the polished wins everywhere, but what about the messy drafts , the awkward pitches and the moments you’re not sure you’ve got it right? Problem: The whole idea of founding and starting a business can be super intimidating for some people, specially those who don’t know any founders personally, those who don’t have a large network, those who don’t have rich parents with large networks, those not inserted in an entrepreneurial culture like in the US for example (which is my case). Sometimes all you need is the right support network, and too see others do what you want, to know that it’s possible! Everyone has an “ultimate guide” to make 7 figures or build a business on YouTube but NO ONE shoes you the HOW, just the results… I’ve tried joining founder communities, LinkedIn ,Reddit … you name it. Most of these founder communities are inaccessible for regular people and often ask for you to have an already existing business with a min ARR… or their simply geography based and if you’re not in a certain area you can’t really participate… As of LinkedIn… full of empty AI generated posts about how some random dude raised $10m in 7 days. Okay Jonathan, but what about the HOW?? How did you write your first pitch? How many rejection calls did you get? What is an MVP? There simply isn’t a platform out there to document your founding journey and find inspiration within a community of people who are doing the same as you. What better way to feel motivated then to see someone actually document their process? Solution: I’m working on building a social media platform for aspiring/founders to connect through the RAW, UNFILTERED process of turning ideas into reality in REAL time. It’s all gonna be around the “building in public “ concept and content creation. Picture an instagram/tiktok profile where instead of seeing someone’s dog you see them documenting their founding process—from the moment they had the idea, to the moment they launched, you’re going to see the successes, the fails, the rejected calls, all documented through actual content and not some AI generated LinkedIn post. Imagine if you wanted to learn about how Steve Jobs started Apple , you could simply go through his profile on this app—exactly. To make sure all interactions are meaningful people would have to apply. It’s a truly curated community, with REAL people, building REAL things in REAL time, and not just tell us the story of how they did it… Audience: I’m targeting people who have a burning desire of building a business and early stage founders starting their founder journeys, that don’t have a support network and simply don’t know where to start. People who are tired of watching 30 min “ultimate guides “ on how to make it on YouTube from “business gurus” selling courses. People who haven’t reached the min ARR required to join an “exclusive “ founder a community. People who can’t simply just move to the US to get into the “exclusive” YC combinator. People who want to connect with real people building real things and not anonymous people on Reddit, or LinkedIn influencers again trying to promote their services. I believe in the idea because I’m also part of my audience. Have always wanted to start my own thing just never knew how to and where to find a community of likeminded people . I don’t know any founders myself, I come from a non-entrepreneurial society and I’d pay good money to access a community of REAL passionate founders building REAL things, in REAL time. This would be my first ever business, and I want to share my journey building it and hopefully inspire others to just start so I’ve created a mailing list to keep anyone interested in the project updated on my fails , learnings and successes. I’m not worried about “making it” but just “starting” and hopefully reach the right audience and inspire anyone to start whatever they have marinating in their thoughts. If you’re a founder struggling with staying consistent or an aspiring founder with an insane desire of starting and don’t know how to start, I’d love to get your feedback on what’s stopping you, your challenges starting out and what you’d find useful in such platform. And finally would this be something that interests you?? PS: casually looking for a technical co-founder

80+ Social Media Updates Related to Business Marketing That Occurred in last 5 months
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lazymentorsThis week

80+ Social Media Updates Related to Business Marketing That Occurred in last 5 months

Tiktok expanded its caption limits from 100 to 500 Characters. Reddit Updates Search tools, Now you can search User Comments. “Comment search is here”. Pinterest Announces New Partnership with WooCommerce to Expand Product Listings. Google’s launched ‘multisearch’ feature that lets you search using text and image at the same time. Etsy sellers went on strike after platform increases transaction fees. Reddit launched $1 million fund to support various projects going on platform. Instagram is updating its ranking algorithm to put more focus on Original Content LinkedIn Added New tools In creator mode: improved content analytics and Updates profile video Options. Tiktok launched its own gif library “Effect House”. Instagram Updates Reels editing tools adding reordering clips feature. Google Search got a new label to direct people to original news sources YouTube launches new Profile Rings for Stories and Live. Snapchat launched YouTube Link stickers to make video sharing easier! Messenger adds new shortcuts, including a slack like @everyone feature. Pinterest Expands it’s Creator funds program to help more Underrepresented creators. Reddit brings back r/place after 5 years. Google Adds New Seller Performance Badges, New Pricing Insights for eCommerce Brands. Meta and Google agrees to New Data Transfer agreement to keep Instagram and Facebook running in EU. Twitter tests New Interactive Ad types to boost its promotional Appeal. Instagram removed In-stream Ads from its Advertising Options. Tiktok launched new program “CAP” to help creative agencies reach its audience. Twitch shuts down its desktop app. Meta launched the ability to add “share to Reels” feature to third Party Apps. TikTok Adds New ‘Background Player’ Option for Live-Streams. Twitter rolls out ALT badge and improved image description. Fast, A Checkout Startup with $15 billion valuation shuts down after spending all the funds raised in 2021. Wordpress announced new pricing with more traffic and storage limits after receiving backlash from the community. Sales force upgrades marketing field services and sales tools with AI. Dropbox shop launches in open beta to allow creators to sell digital content. Tiktok is the most downloaded app in Quarter 1 of 2022. WhatsApp announced launch of ‘Communities’ - more structured group chats with admin controls. Tiktok expands testing a private dislike button for comments. Twitter acquired “Openback” A notification app to improve timeline and relevance of push notifications YouTube and Tiktok added New options for Automated Captions, Improving Accessibility. A new social media App “Be Real” is trending across the internet grabbing Gen-Zs attention to try the app. WhatsApp got permission to expand payment services to its Indian user base of 100 Million. YouTube Shorts now allows creators to splice in long-form videos. You can use long form video audios and clips for YT shorts. New Snapchat feature ‘Dynamic Stories’ uses a publisher’s RSS feed to automatically create Stories posts. Zoom launches AI-powered features aimed at sales teams. Tiktok started testing who viewed your profile feature. Ogilvy Announced they will no longer work with who edit their bodies and faces for ads. If you don’t know “Oglivy” is the most successful advertising agency of the decade. YouTube Launches New ‘Search Insights’ for all creators. Snapchat Added 13 million new users in Q1 2022 more than both Twitter and Facebook. Google is Introduced new options to reject tracking cookies in Europe after receiving fines from violating EU data laws. Sony & Microsoft are planning to integrate Ads into their gaming platforms Xbox and PlayStation. YouTube Adds new Shorts Shelf to Trending Tab to show Top Shorts in an alternative section. Instagram started testing a reels template feature which enables creators to copy formats from other reels. Google Tests “What People Are Saying” Search Results. Twitter Launches New Test of Promotions for Third Party Tools Within the App. Instagram is changing how hashtags work by experimenting removing Recents tab from hashtags section. Google Adds New Publisher Verification Badges to Extension Listings in the Google Web Store Amazon AWS launches $30M accelerator program aimed at minority founders. Meta launched more fundraising options for Instagram Reels in 30 countries. Brave Search and DuckDuckGo will no longer support Google AMP due to privacy issues. Instagram is working on a pinned post feature and will officially launch in next few months. Meta: You can now add Music to your Facebook comments Twitter tests new closed caption button to switch on captions in Video Clip Elon Musk Bought Twitter $44 Billion and Company is set to go private. Google now lets you request the removal of personal contact information from search results YouTube reveals that Ads between YT Shorts are being tested with selective brands. LinkedInis rolling out a new website link feature. Google Reduces Visibility Of Business Edits With Color Changes To Profile Updates. Instagram expands testing of 90 second Reels. Microsoft Advertising now offers incentive features like cash-back and adding stock images from your website. Facebook & Pinterest are growing again despite all the hype around slow growth of both platform in last quarter. Google Added 9 new Ad policies to prevent misleading ads taking place. Tiktok Introduces Third-party cookies to its Pixel. (like Facebook Pixel) Twitter reportedly overcounted number of daily active users for last 3 years. Google launched Media CDN to compete on content delivery. YouTube expands Thank You Monetisation tool to all eligible creators. Twitch is looking to expand their cut from streamers earnings from 30 to 50% and also thinks of boosting Ads. Snapchat launches a $230 flying drone camera and new e-commerce integrations in Snap Summit 2022. YouTube Expands its ‘Pre-Publish Checks’ Tool to the Mobile App Google Search Console’s URL parameter tool is officially removed for a time period. Twitter creators can now get paid through Cryptocurrency on Twitter with Stripe. Jellysmack- One of the Influencer marketing agency acquires YouTube analytics tool Google & Microsoft Ads brought more revenue in last quarter- 22% Gains! WhatsApp is working on a paid subscription for multi-phone and tablet chatting. Instagram users now spend 20% of their time in the reels section. Google tests new Color for clicked search results by you. Now Clicked results are in Purple. Twitter: Elon plans to remove employees and focus more on influencers for twitter’s growth + new monetisation ideas were shared. YouTube revenue falls as more users spend time on shorts tab than consuming long form content. Drop 👋 to receive June Updates!

What Reinforcement Learning Method Should I Use for Poker AI with LLMs?
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What Reinforcement Learning Method Should I Use for Poker AI with LLMs?

Hey everyone, I’m working on a poker AI project, where I’m training a large language model (LLM) to predict poker actions from given game states (check, call, bet, raise, etc.). My end goal is to create a model that can play poker at a high level, primarily by self-play and opponent modeling. However, I’m running into some challenges that I hope you can help me with! Here's the situation: Training Method: I’m using supervised fine-tuning (SFT) on real poker hand history data to initially teach the LLM how to predict poker actions from game states. This means that the model learns from examples of past games, predicting the actions that players took in various situations. Self-Play Setup: I plan to eventually move to self-play, where the LLM will play against itself (or other types of models that I create to simulate different play styles). I’ll use these self-play sessions to improve the model over time. Opponent Pool: I’m creating 6 types of poker players (Loose Aggressive, Loose Passive, Tight Aggressive, Tight Passive, Maniac, and Nit), each trained at 5 different skill levels (Novice, Beg\*nner, Intermediate, Advanced, Expert). This gives me a decent range of opponent behavior for training. The problem: Here’s the catch: The LLM I’m using only outputs discrete actions (e.g., bet 3BB, raise to 10BB, etc.) with no access to the probabilities of actions, so I can't directly use methods like policy gradients or Q-learning that rely on action probabilities or continuous action spaces. This makes applying traditional RL methods a bit tricky. My question: Given that I don't have access to action probabilities, what RL method or strategy should I pursue to improve my model? Specifically, I’m looking for a way to: Incorporate self-play with reward-based learning. Refine the model through reinforcement learning, without the need for continuous probabilities. Ensure the model doesn’t just overfit to its own prior behavior but learns to adapt and exploit different strategies in poker. I’ve considered a few approaches like reward-weighted supervised fine-tuning or using simpler RL techniques like Monte Carlo updates, but I’m not sure which would work best with the LLM setup I have. I've also considered Q-learning or Deep Q-learning. Any advice or suggestions on which RL approach I should take given my situation would be greatly appreciated! Yes I used AI to write this queston. But it captures everything I want to say, and I suck at writing.

GPT Weekly - 19the June Edition - OpenAI's function calling, Meta's free LLM, EU Regulation and more.
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GPT Weekly - 19the June Edition - OpenAI's function calling, Meta's free LLM, EU Regulation and more.

This is a recap covering the major news from last week. 🔥Top 3 news - OpenAI’s updates, Meta’s upcoming free LLM and EU Regulation 🗞️Interesting reads include PSA about protecting your keys, The GPT ouroboros, Reddit - OpenAI’s moat, and more.. 🧑‍🎓Learning includes a Step-by-step guide from a non-technical founder who launched his MVP, Chatbot for your Gdrive and more 🔥Top 3 AI news in the past week OpenAI: New Pricing, Models, & Functions OpenAI has been on a roll. Last week we saw the release of OpenAI best practice on using GPT. This week we saw some amazing updates. Three major buckets were: First, the price decreases for both embeddings and GPT-3.5 tokens. Second, new models for gpt-4 and gpt-3.5. A new longer context model for gpt-3.5. Third, a new function calling capability. Why is it important? Previously, the output from OpenAI was all text. So, calling an external API from GPT was quite difficult. You had to parse the text data and things were often incorrect. Langchain created the Agents and Tools feature to tackle this problem. It was still unreliable and prone to issues. Now you get native support to generate a fixed format output. You can use the output to generate functional calls and also pass functions which need to be called. For example, if your app has multiple API endpoints then you can use GPT to generate the API calls with parameters. You can also pass the endpoints as function calls to ensure the correct function is executed. This functionality can further be used to generate structured data (JSON) out of GPT. So, you can generate data from GPT and load it into your backend. What’s next? This functionality allows turning natural language responses into structured data. This can be used to create “intelligent” backends using LLMs. We might see implementations in no-code tools to allow more robust and natural-language tools for non-technical folks. The structured data process goes both ways. You can also feed structured data into GPT for better responses. This feature also has its share of issues. Function calling suffers from the same prompt injection issues. Malicious actors can pass malicious code in function or the responses. For example, creation of queries using functions might contain malicious code to delete data. Without proper user validation this code will be executed automatically and delete data. So, using LLM as the back-end layer needs proper security implementation. Meta's LLM: Commercial Use Ahead Llama has been a boon for the open source community. Many of the open source models rely on Llama. The issue is that Llama is research-only and cannot be used commercially. So, no one can use it to build any product. Meta is now working on the next version of the model. This model will be available for commercial use. This is in stark contrast to both OpenAI and Google. Both safe-guarde their models and make it available through API. Why is it important? Certain industries cannot use LLM APIs because of strict restrictions on data privacy. These companies would want to run their own instance of a foundational model. A commercially available foundational model is also going to help people who want to keep their “API call” costs next to 0. A commercially available free-for-all model will also help push the open source community further. Just like Llama. What’s next? Sam Altman has said OpenAI didn’t release GPT-3 as open-source because they didn’t think people would be able to run it. Now OpenAI is working on an open-source model. This is going to be weaker than GPT-4. Let the battle of LLMs begin. EU's Proposed Legislation and Its Impact on AI Usage The EU parliament voted to move ahead with the E.U. AI Act. This act aims to ensure consumer protection against the dangers of AI. Why is it important? OpenAI and Sam Altman want regulations for models. They have proposed a IAEA-type of agency to stop the proliferation of LLM models. As per OpenAI, all models should be regulated and monitored. The suggestion of a license based regulation has led to significant backlash. Many people have called it “regulatory capture” - with the aim of shutting down competing LLMs. Licensing based regulations might not really be effective. The EU is approaching regulation from a different angle. It doesn’t focus on how models are developed. Rather focuses on how AI will/can be used. They have broken down use cases into 4 categories - unacceptable (prohibited), high, medium and low risk. For example, Building a Pre-Crime software,on%20crimes%20not%20yet%20committed.) to predict crimes? Building a Social credit system? Unacceptable. Using tools to influence elections or recommendation algorithms? High (Highly regulated). Using generative AI tools to create text or images on news sites? Medium (Add label that the content is AI generated) AI providers also need to disclose their training source. To me this sounds like good legislation. What do you guys think? But, OpenAI has warned that EU regulations might force them to pull out completely. What’s next? The disclosure requirements might help various publishing companies. AI and media companies are in talks to pay for training data. Google has been leading the charge. Additionally, OpenAI and Deepmind will open their models for safety and research purposes to the UK government. 🗞️10 AI news highlights and interesting reads PSA: If you are using Repl to write code, you might want to check your OpenAI API keys. If you have left them embedded then people can pirate and steal the keys. LLMs rely on human annotation or human feedback to learn. And one way to generate human annotation is crowdsourcing. But what if the crowdsource human annotators use LLMs? Research shows 33-46% workers used LLMs. So, basically we go from Human -> AI -> Human -> AI. The AI ouroboros. Researchers also say generated data to train models might cause serious issue. All the talks about moats \- Reddit might be OpenAI’s \future\ moat. Given the amount of complaints about how Google search experience has deteriorated during the blackout, this might be true? Doctors are using ChatGPT but not to diagnose.Rather to be more empathetic. We discussed this just a month ago. And guess where the data for this study came from? Reddit AskDocs. Moat FTW?! Beatles to make a comeback…using Generative AI. SnapFusion - Text to Image diffusion on mobile phones. Large context lengths are important for better GPT experience. The secret sauce for 100k context length. There is a lot of bad AI research out there. Some border on snake oil. Most AI “research” should be double checked and challenged. A new research on huggingface said that GPT-4 can ace MIT curriculum. Now someone is replicating the results and say that GPT-4 can’t beat MIT. Are we seeing peak AI? Especially when people from Deepmind and Meta are involved? Mistral AI raised $113 million in seed round with no product. Some might say this funding is for the team and the team is really solid. The issue though is whether the valuation is justified when OpenAI and Google already have a head start. The AI Hype Wall of Shame. \- Collection of articles which mislead people about AI in various aspects. 🧑‍🎓3 Learning Resources Building and Launching a company using GPT-4 with prompts. (The author didn’t know how to code but created and launched the MVP in a month). Chatbot for your Gdrive - https://www.haihai.ai/gpt-gdrive/ Building ChatGPT plugin using Supabase - https://supabase.com/blog/building-chatgpt-plugins-template That’s it folks. Thank you for reading and have a great week ahead. If you are interested in a focused weekly recap delivered to your inbox on Mondays you can subscribe here. It is FREE!

6 principles to data architecture that facilitate innovation
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6 principles to data architecture that facilitate innovation

My team and I have been re-building our company's data architecture. In the process of doing so, I got together six key principles to transforming data architectures and thought I would share them, as a strong data architecture is crucial for businesses looking to stay competitive in the digital landscape, as it improves decision-making, time to market, and data security. When executed with efficiency, a resilient data architecture unleashes unparalleled degrees of agility. Principle 1: Agility and flexibility To quickly adjust to market fluctuations, businesses must create adaptable data infrastructures that can effortlessly manage an ever-growing influx of data. To accomplish this objective, we recommend to our clients to implement Enterprise Service Bus, Enterprise Data Warehouse, and Master Data Management integrated together. ​ I believe the best option is this: \- By centralizing communication, ESB reduces the time and effort required to integrate new systems; \- EDW consolidates data from different sources, resulting in a 50% reduction in software implementation time; \- Finally, MDM ensures consistency and accuracy across the organization, leading to better decision-making and streamlined operations. Implementing these solutions can lead to reduced software implementation time, better ROI, and more manageable data architecture. By fostering a culture of collaboration and adopting modern technologies and practices, businesses can prioritize agility and flexibility in their data architecture to increase the pace of innovation. Principle 2: Modularity and reusability Data architecture that fosters modularity and reusability is essential for accelerating innovation within an organization. By breaking data architecture components into smaller, more manageable pieces, businesses can enable different teams to leverage existing architecture components, reducing redundancy and improving overall efficiency. MDM can promote modularity and reusability by creating a central repository for critical business data. This prevents duplication and errors, improving efficiency and decision-making. MDM enables a single source of truth for data, accessible across multiple systems, which promotes integration and scalability. MDM also provides standardized data models, rules, and governance policies that reduce development time, increase quality, and ensure proper management throughout the data’s lifecycle. Another way to achieve modularity in data architecture is through the use of microservices and scripts for Extract, Transform, and Load (ETL) processes. Adopting a structured methodology and framework can ensure these components are well-organized, making it easier for teams to collaborate and maintain the system. Microservices can also contribute to modularity and reusability in data architecture. These small, independent components can be developed, deployed, and scaled independently of one another. By utilizing microservices, organizations can update or replace individual components without affecting the entire system, improving flexibility and adaptability. Principle 3: Data quality and consistency The efficiency of operations depends on data’s quality, so a meticulously crafted data architecture plays a pivotal role in preserving it, empowering enterprises to make well-informed decisions based on credible information. Here are some key factors to consider that will help your company ensure quality: \- Implementing Master Data Management (MDM) – this way, by consolidating, cleansing, and standardizing data from multiple sources, your IT department will be able to create a single, unified view of the most important data entities (customers, products, and suppliers); \- Assigning data stewardship responsibilities to a small team or an individual specialist; \- Considering implementing data validation, data lineage, and data quality metrics; \- By implementing MDM and adopting a minimal data stewardship approach, organizations can maintain high-quality data that drives innovation and growth. Principle 4: Data governance Data governance is a strategic framework that goes beyond ensuring data quality and consistency. It includes ensuring data security, privacy, accessibility, regulatory compliance, and lifecycle management. Here are some key aspects of data governance: \- Implementing robust measures and controls to protect sensitive data from unauthorized access, breaches, and theft. This is only possible through including encryption, access controls, and intrusion detection systems into your company’s IT architecture; \- Adhering to data privacy regulations and guidelines, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA); \- Defining stringent conditions for who has access to specific data assets to maintain control over data and ensure its accessibility only for legitimate purposes. Managing the entire lifecycle of data, from creation and storage to archiving and disposal, including defining policies for data retention, archiving, and deletion in compliance with legal and regulatory requirements. To facilitate effective data governance, organizations can leverage various tools and technologies, such as: \- Data cataloging tools: Solutions like Collibra, Alation, or Informatica Enterprise Data Catalog help organizations discover, understand, and manage their data assets. \- Data lineage tools: Tools like Talend, IBM InfoSphere, or Apache Atlas help track data’s origin, transformation, and usage, providing insights into data quality issues and potential areas for improvement. \- Data quality tools: Solutions like Informatica Data Quality, Trifacta, or SAS Data Quality help organizations maintain high-quality data by identifying and correcting errors, inconsistencies, and inaccuracies. \- Data security and privacy tools: Tools like Varonis, BigID, or Spirion help protect sensitive data and ensure compliance with data privacy regulations. Principle 5: Cloud-first approach A cloud-first approach prioritizes cloud-based solutions over on-premises ones when it comes to data management. Cloud-based data management pros: \- Virtually limitless scalability, so that organizations can grow and adapt to changing data requirements without significant infrastructure investments; \- The pay-as-you-go model of cloud services reduces maintenance costs usually associated with the on-premise choice; \- Greater flexibility for deploying and integrating new technologies and services; \- Cloud can be accessed from anywhere, at any time, turning team collaboration and remote work into a breeze; \- Built-in backup and disaster recovery capabilities, ensuring data safety and minimizing downtime in case of emergencies. Cloud-based data management cons: \- Cloud-first approach raises many data security, privacy, and compliance concerns; \- Transferring large data volumes to and from cloud is often time-consuming and results in increased latency for certain apps; \- Relying on a single cloud provider makes it difficult to switch them or move back to the on-premises option without significant funds and effort. Challenges that organizations that choose a cloud-first approach face: \- Integrating cloud-based systems with on-premises ones can be complex and time-consuming; \- Ensuring data governance and compliance in a multi-cloud or hybrid environment is also another problem reported by my clients. How EDW, ESB, and MDM promote cloud-first approach: A cloud-based EDW centralizes data from multiple sources, enabling a unified view of the organization’s data and simplifying data integration across cloud and on-premises systems. An ESB facilitates communication between disparate cloud and on-premises systems, streamlining data integration and promoting a modular architecture. Cloud-based MDM solutions are used for maintaining data quality and consistency across multiple data sources and environments. Principle 6: Automation and artificial intelligence Incorporating automation tools and AI technologies into data architecture can optimize processes and decision-making. Key Applications: \- Data ingestion and integration: Automation simplifies data schema updates and identifies data quality issues, while AI-assisted development helps create tailored connectors, scripts, and microservices. \- Data quality management: Machine learning algorithms improve data quality and consistency by automatically detecting and correcting inconsistencies and duplicates. \- Predictive analytics: AI and machine learning models analyze historical data to predict trends, identify opportunities, and uncover hidden patterns for better-informed decisions. How No-Code Tools and AI-Assisted Development Work: Business users define data requirements and workflows using no-code tools, enabling AI models to understand their needs. AI models process the information, generating recommendations for connector creation, ETL scripts, and microservices. Developers use AI-generated suggestions to accelerate development and tailor solutions to business needs. By combining automation, AI technologies, and no-code tools, organizations can streamline data architecture processes and bridge the gap between business users and developers, ultimately accelerating innovation. I share more tips on building an agile data architectures in my blog.

How I Built A Simple ‘BPO’ Company, All AI Employees (All Local)
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How I Built A Simple ‘BPO’ Company, All AI Employees (All Local)

Disrupting the BPO Industry: My Journey Building a Fully Automated Company with AI Employees Full Article : https://medium.com/@learn-simplified/how-i-built-a-simple-bpo-company-all-ai-employees-all-local-631e48fa908a ​ https://preview.redd.it/htjo1mancl2d1.png?width=1586&format=png&auto=webp&s=7e77f4c66e5ca55a8b0ea6969c43a458503ad921 ● What Are We Doing Today? We are building a BPO (Business Process Outsourcing) call center for an imaginary electric company called "Aniket Very General Electric Company". We will create different departments staffed by AI agents who can chat (and eventually speak in next part) with customers to answer questions, handle complaints, or provide services. ● Why Should You Read This Article? Learning how to build AI agents that can do tasks in real setting, co ordinate w/ human, AI, providing technical support will be a highly valuable skill. ● How Are We Going to Build Our All AI Employees Company? ○ We will explain what BPO and call centers are. ○ Our AI company will have departments like Customer Service, Tech Support, Billing & Payments, Outage Management, and Onboarding Customers. ○ We will use Docker containers to run the Dify AI platform as the base. ○ The AI agents will use the LLaMA-3 language model from Meta AI. ○ We may use Groq's AI accelerator chip to make LLaMA-3 faster. ○ Each department will have a knowledge base of text files that the AI agents can reference. ● Let's Get Cooking! This section provides setup instructions for installing Docker, Ollama (for running LLaMA-3), and the Dify AI platform. It also outlines the different AI agents we will create for departments like Reception, Customer Service, Billing, Tech Support, etc. ● Let's Design our Organization ○ We explain how each department's AI agents will have their own knowledge base, like an employee handbook. ○ The knowledge bases will contain policies, procedures, and other key information. ○ The AI agents can quickly reference this information to provide accurate and knowledgeable responses. ● Let's Meet Our AI Employees ○ We chose the LLaMA-3 70B model as the base for all AI agents across departments. ○ We give the AI agents customized prompts to define their personalities and roles. ○ The knowledge bases act as training materials tailored to each department. ○ In the future, AI agents could have additional tools like ticket systems and integrations. ● Let's Run Our BPO Organization Now that the AI workforce and knowledge bases are ready, we can open our BPO company and have the AI agents start handling customer inquiries across different departments like billing, tech support, outages, and new connections. ● Debugging This section highlights the importance of debugging, showing traces of how the language model understands customer queries and retrieves relevant context from knowledge bases to provide good responses. ● Future Work ○ Scale up to handle more customers using cloud services or distributed computing. ○ Move AI agents and knowledge bases to the cloud for accessibility and maintenance. ○ Fine-tune language models for better performance in each department. ○ Use scalable vector databases for faster knowledge retrieval. ○ Enable voice interfaces and computer vision for more natural interactions. ○ Implement continuous learning so AI agents can expand their knowledge over time. The article demonstrates the potential of building an actual AI-powered company and raises thought-provoking questions about the role of humans, ethics, and using AI to create a better world. ​

Looking for a technical co-founder to build LinkedIn’s rival
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Looking for a technical co-founder to build LinkedIn’s rival

How do you connect with likeminded people? You see the polished wins everywhere, but what about the messy drafts , the awkward pitches and the moments you’re not sure you’ve got it right? Problem: The whole idea of founding and starting a business can be super intimidating for some people, specially those who don’t know any founders personally, those who don’t have a large network, those who don’t have rich parents with large networks, those not inserted in an entrepreneurial culture like in the US for example (which is my case). Sometimes all you need is the right support network, and too see others do what you want, to know that it’s possible! Everyone has an “ultimate guide” to make 7 figures or build a business on YouTube but NO ONE shoes you the HOW, just the results… I’ve tried joining founder communities, LinkedIn ,Reddit … you name it. Most of these founder communities are inaccessible for regular people and often ask for you to have an already existing business with a min ARR… or their simply geography based and if you’re not in a certain area you can’t really participate… As of LinkedIn… full of empty AI generated posts about how some random dude raised $10m in 7 days. Okay Jonathan, but what about the HOW?? How did you write your first pitch? How many rejection calls did you get? What is an MVP? There simply isn’t a platform out there to document your founding journey and find inspiration within a community of people who are doing the same as you. What better way to feel motivated then to see someone actually document their process? Solution: I’m working on building a social media platform for aspiring/founders to connect through the RAW, UNFILTERED process of turning ideas into reality in REAL time. It’s all gonna be around the “building in public “ concept and content creation. Picture an instagram/tiktok profile where instead of seeing someone’s dog you see them documenting their founding process—from the moment they had the idea, to the moment they launched, you’re going to see the successes, the fails, the rejected calls, all documented through actual content and not some AI generated LinkedIn post. Imagine if you wanted to learn about how Steve Jobs started Apple , you could simply go through his profile on this app—exactly. To make sure all interactions are meaningful people would have to apply. It’s a truly curated community, with REAL people, building REAL things in REAL time, and not just tell us the story of how they did it… Audience: I’m targeting people who have a burning desire of building a business and early stage founders starting their founder journeys, that don’t have a support network and simply don’t know where to start. People who are tired of watching 30 min “ultimate guides “ on how to make it on YouTube from “business gurus” selling courses. People who haven’t reached the min ARR required to join an “exclusive “ founder a community. People who can’t simply just move to the US to get into the “exclusive” YC combinator. People who want to connect with real people building real things and not anonymous people on Reddit, or LinkedIn influencers again trying to promote their services. I believe in the idea because I’m also part of my audience. Have always wanted to start my own thing just never knew how to and where to find a community of likeminded people . I don’t know any founders myself, I come from a non-entrepreneurial society and I’d pay good money to access a community of REAL passionate founders building REAL things, in REAL time. This would be my first ever business, and I want to share my journey building it and hopefully inspire others to just start so I’ve created a mailing list to keep anyone interested in the project updated on my fails , learnings and successes. I’m not worried about “making it” but just “starting” and hopefully reach the right audience and inspire anyone to start whatever they have marinating in their thoughts. If you’re a founder struggling with staying consistent or an aspiring founder with an insane desire of starting and don’t know how to start, I’d love to get your feedback on what’s stopping you, your challenges starting out and what you’d find useful in such platform. And finally would this be something that interests you?? Feel free to subscribe to get new updates 🫶🏼 : https://mailchi.mp/037c56b89994/d-founder PS: casually looking for a technical co-founder

[D] Misuse of Deep Learning in Nature Journal’s Earthquake Aftershock Paper
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[D] Misuse of Deep Learning in Nature Journal’s Earthquake Aftershock Paper

Recently, I saw a post by Rajiv Shah, Chicago-based data-scientist, regarding an article published in Nature last year called Deep learning of aftershock patterns following large earthquakes, written by scientists at Harvard in collaboration with Google. Below is the article: Stand Up for Best Practices: Misuse of Deep Learning in Nature’s Earthquake Aftershock Paper The Dangers of Machine Learning Hype Practitioners of AI, machine learning, predictive modeling, and data science have grown enormously over the last few years. What was once a niche field defined by its blend of knowledge is becoming a rapidly growing profession. As the excitement around AI continues to grow, the new wave of ML augmentation, automation, and GUI tools will lead to even more growth in the number of people trying to build predictive models. But here’s the rub: While it becomes easier to use the tools of predictive modeling, predictive modeling knowledge is not yet a widespread commodity. Errors can be counterintuitive and subtle, and they can easily lead you to the wrong conclusions if you’re not careful. I’m a data scientist who works with dozens of expert data science teams for a living. In my day job, I see these teams striving to build high-quality models. The best teams work together to review their models to detect problems. There are many hard-to-detect-ways that lead to problematic models (say, by allowing target leakage into their training data). Identifying issues is not fun. This requires admitting that exciting results are “too good to be true” or that their methods were not the right approach. In other words, it’s less about the sexy data science hype that gets headlines and more about a rigorous scientific discipline. Bad Methods Create Bad Results Almost a year ago, I read an article in Nature that claimed unprecedented accuracy in predicting earthquake aftershocks by using deep learning. Reading the article, my internal radar became deeply suspicious of their results. Their methods simply didn’t carry many of the hallmarks of careful predicting modeling. I started to dig deeper. In the meantime, this article blew up and became widely recognized! It was even included in the release notes for Tensorflow as an example of what deep learning could do. However, in my digging, I found major flaws in the paper. Namely, data leakage which leads to unrealistic accuracy scores and a lack of attention to model selection (you don’t build a 6 layer neural network when a simpler model provides the same level of accuracy). To my earlier point: these are subtle, but incredibly basic predictive modeling errors that can invalidate the entire results of an experiment. Data scientists are trained to recognize and avoid these issues in their work. I assumed that this was simply overlooked by the author, so I contacted her and let her know so that she could improve her analysis. Although we had previously communicated, she did not respond to my email over concerns with the paper. Falling On Deaf Ears So, what was I to do? My coworkers told me to just tweet it and let it go, but I wanted to stand up for good modeling practices. I thought reason and best practices would prevail, so I started a 6-month process of writing up my results and shared them with Nature. Upon sharing my results, I received a note from Nature in January 2019 that despite serious concerns about data leakage and model selection that invalidate their experiment, they saw no need to correct the errors, because “Devries et al. are concerned primarily with using machine learning as [a] tool to extract insight into the natural world, and not with details of the algorithm design.” The authors provided a much harsher response. You can read the entire exchange on my github. It’s not enough to say that I was disappointed. This was a major paper (it’s Nature!) that bought into AI hype and published a paper despite it using flawed methods. Then, just this week, I ran across articles by Arnaud Mignan and Marco Broccardo on shortcomings that they found in the aftershocks article. Here are two more data scientists with expertise in earthquake analysis who also noticed flaws in the paper. I also have placed my analysis and reproducible code on github. Standing Up For Predictive Modeling Methods I want to make it clear: my goal is not to villainize the authors of the aftershocks paper. I don’t believe that they were malicious, and I think that they would argue their goal was to just show how machine learning could be applied to aftershocks. Devries is an accomplished earthquake scientist who wanted to use the latest methods for her field of study and found exciting results from it. But here’s the problem: their insights and results were based on fundamentally flawed methods. It’s not enough to say, “This isn’t a machine learning paper, it’s an earthquake paper.” If you use predictive modeling, then the quality of your results are determined by the quality of your modeling. Your work becomes data science work, and you are on the hook for your scientific rigor. There is a huge appetite for papers that use the latest technologies and approaches. It becomes very difficult to push back on these papers. But if we allow papers or projects with fundamental issues to advance, it hurts all of us. It undermines the field of predictive modeling. Please push back on bad data science. Report bad findings to papers. And if they don’t take action, go to twitter, post about it, share your results and make noise. This type of collective action worked to raise awareness of p-values and combat the epidemic of p-hacking. We need good machine learning practices if we want our field to continue to grow and maintain credibility. Link to Rajiv's Article Original Nature Publication (note: paywalled) GitHub repo contains an attempt to reproduce Nature's paper Confrontational correspondence with authors

[N] How Stability AI’s Founder Tanked His Billion-Dollar Startup
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[N] How Stability AI’s Founder Tanked His Billion-Dollar Startup

forbes article: https://www.forbes.com/sites/kenrickcai/2024/03/29/how-stability-ais-founder-tanked-his-billion-dollar-startup/ archive no paywall: https://archive.is/snbeV How Stability AI’s Founder Tanked His Billion-Dollar Startup Mar 29, 2024 Stability AI founder Emad Mostaque took the stage last week at the Terranea Resort in Palos Verdes, California to roaring applause and an introduction from an AI-generated Aristotle who announced him as “a modern Prometheus” with “the astuteness of Athena and the vision of Daedalus.” “Under his stewardship, AI becomes the Herculean force poised to vanquish the twin serpents of illness and ailment and extend the olive branch of longevity,” the faux Aristotle proclaimed. “I think that’s the best intro I’ve ever had,” Mostaque said. But behind Mostaque's hagiographic introduction lay a grim and fast metastasizing truth. Stability, once one of AI’s buzziest startups, was floundering. It had been running out of money for months and Mostaque had been unable to secure enough additional funding. It had defaulted on payments to Amazon whose cloud service undergirded Stability’s core offerings. The star research team behind its flagship text-to-image generator Stable Diffusion had tendered their resignations just three days before — as Forbes would first report — and other senior leaders had issued him an ultimatum: resign, or we walk too. Still, onstage before a massive audience of peers and acolytes, Mostaque talked a big game. “AI is jet planes for the mind,” he opined. “AI is our collective intelligence. It's the human Colossus.” He claimed a new, faster version of the Stable Diffusion image generator released earlier this month could generate “200 cats with hats per second.” But later, when he was asked about Stability’s financial model, Mostaque fumbled. “I can’t say that publicly,” he replied. “But it’s going well. We’re ahead of forecast.” Four days later, Mostaque stepped down as CEO of Stability, as Forbes first reported. In a post to X, the service formerly known as Twitter, he claimed he’d voluntarily abdicated his role to decentralize “the concentration of power in AI.” But sources told Forbes that was hardly the case. Behind the scenes, Mostaque had fought to maintain his position and control despite mounting pressure externally and internally to step down. Company documents and interviews with 32 current and former employees, investors, collaborators and industry observers suggest his abrupt exit was the result of poor business judgment and wild overspending that undermined confidence in his vision and leadership, and ultimately kneecapped the company. Mostaque, through his attorneys, declined to comment on record on a detailed list of questions about the reporting in this story. But in an email to Forbes earlier this week he broadly disputed the allegations. “Nobody tells you how hard it is to be a CEO and there are better CEOs than me to scale a business,” he said in a statement. “I am not sure anyone else would have been able to build and grow the research team to build the best and most widely used models out there and I’m very proud of the team there. I look forward to moving onto the next problem to handle and hopefully move the needle.” In an emailed statement, Christian Laforte and Shan Shan Wong, the interim co-CEOs who replaced Mostaque, said, "the company remains focused on commercializing its world leading technology” and providing it “to partners across the creative industries." After starting Stability in 2019, Mostaque built the company into an early AI juggernaut by seizing upon a promising research project that would become Stable Diffusion and funding it into a business reality. The ease with which the software generated detailed images from the simplest text prompts immediately captivated the public: 10 million people used it on any given day, the company told Forbes in early 2023. For some true believers, Mostaque was a crucial advocate for open-source AI development in a space dominated by the closed systems of OpenAI, Google and Anthropic. But his startup’s rise to one of the buzziest in generative AI was in part built on a series of exaggerations and misleading claims, as Forbes first reported last year (Mostaque disputed some points at the time). And they continued after he raised $100 million at a $1 billion valuation just days after launching Stable Diffusion in 2022. His failure to deliver on an array of grand promises, like building bespoke AI models for nation states, and his decision to pour tens of millions into research without a sustainable business plan, eroded Stability’s foundations and jeopardized its future. "He was just giving shit away,” one former employee told Forbes. “That man legitimately wanted to transform the world. He actually wanted to train AI models for kids in Malawi. Was it practical? Absolutely not." By October 2023, Stability would have less than $4 million left in the bank, according to an internal memo prepared for a board meeting and reviewed by Forbes. And mounting debt, including months of overdue Amazon Web Services payments, had already left it in the red. To avoid legal penalties for skipping Americans staff’s payroll, the document explained, the London-based startup was considering delaying tax payments to the U.K. government. It was Stability’s armada of GPUs, the wildly powerful and equally expensive chips undergirding AI, that were so taxing the company’s finances. Hosted by AWS, they had long been one of Mostaque’s bragging points; he often touted them as one of the world’s 10 largest supercomputers. They were responsible for helping Stability’s researchers build and maintain one of the top AI image generators, as well as break important new ground on generative audio, video and 3D models. “Undeniably, Stability has continued to ship a lot of models,” said one former employee. “They may not have profited off of it, but the broader ecosystem benefitted in a huge, huge way.” But the costs associated with so much compute were now threatening to sink the company. According to an internal October financial forecast seen by Forbes, Stability was on track to spend $99 million on compute in 2023. It noted as well that Stability was “underpaying AWS bills for July (by $1M)” and “not planning to pay AWS at the end of October for August usage ($7M).” Then there were the September and October bills, plus $1 million owed to Google Cloud and $600,000 to GPU cloud data center CoreWeave. (Amazon, Google and CoreWeave declined to comment.) With an additional $54 million allocated to wages and operating expenses, Stability’s total projected costs for 2023 were $153 million. But according to its October financial report, its projected revenue for the calendar year was just $11 million. Stability was on track to lose more money per month than it made in an entire year. The company’s dire financial position had thoroughly soured Stability’s current investors, including Coatue, which had invested tens of millions in the company during its $101 million funding round in 2022. In the middle of 2023, Mostaque agreed to an independent audit after Coatue raised a series of concerns, according to a source with direct knowledge of the matter. The outcome of the investigation is unclear. Coatue declined to comment. Within a week of an early October board meeting where Mostaque shared that financial forecast, Lightspeed Venture Partners, another major investor, sent a letter to the board urging them to sell the company. The distressing numbers had “severely undermined” the firm’s confidence in Mostaque’s ability to lead the company. “In particular, we are surprised and deeply concerned by a cash position just now disclosed to us that is inconsistent with prior discussions on this topic,” Lightspeed’s general counsel Brett Nissenberg wrote in the letter, a copy of which was viewed by Forbes. “Lightspeed believes that the company is not likely financeable on terms that would assure the company’s long term sound financial position.” (Lightspeed declined a request for comment.) The calls for a sale led Stability to quietly begin looking for a buyer. Bloomberg reported in November that Stability approached AI startups Cohere and Jasper to gauge their interest. Stability denied this, and Jasper CEO Timothy Young did the same when reached for comment by Forbes. A Cohere representative declined to comment. But one prominent AI company confirmed that Mostaque’s representatives had reached out to them to test the waters. Those talks did not advance because “the numbers didn’t add up,” this person, who declined to be named due to the confidential nature of the talks, told Forbes. Stability also tried to court Samsung as a buyer, going so far as to redecorate its office in advance of a planned meeting with the Korean electronics giant. (Samsung said that it invested in Stability in 2023 and that it does not comment on M&A discussions.) Coatue had been calling for Mostaque’s resignation for months, according to a source with direct knowledge. But it and other investors were unable to oust him because he was the company’s majority shareholder. When they tried a different tact by rallying other investors to offer him a juicy equity package to resign, Mostaque refused, said two sources. By October, Coatue and Lightspeed had had enough. Coatue left the board and Lightspeed resigned its observer seat. “Emad infuriated our initial investors so much it’s just making it impossible for us to raise more money under acceptable terms,” one current Stability executive told Forbes. The early months of 2024 saw Stability’s already precarious position eroding further still. Employees were quietly laid off. Three people in a position to know estimated that at least 10% of staff were cut. And cash reserves continued to dwindle. Mostaque mentioned a lifeline at the October board meeting: $95 million in tentative funding from new investors, pending due diligence. But in the end, only a fraction of it was wired, two sources say, much of it from Intel, which Forbes has learned invested $20 million, a fraction of what was reported. (Intel did not return a request for comment by publication time.) Two hours after Forbes broke the news of Mostaque’s plans to step down as CEO, Stability issued a press release confirming his resignation. Chief operating officer Wong and chief technology officer Laforte have taken over in the interim. Mostaque, who said on X that he still owns a majority of the company, also stepped down from the board, which has now initiated a search for a permanent CEO. There is a lot of work to be done to turn things around, and very little time in which to do it. Said the current Stability executive, “There’s still a possibility of a turnaround story, but the odds drop by the day.” In July of 2023, Mostaque still thought he could pull it off. Halfway through the month, he shared a fundraising plan with his lieutenants. It was wildly optimistic, detailing the raise of $500 million in cash and another $750 million in computing facilities from marquee investors like Nvidia, Google, Intel and the World Bank (Nvidia and Google declined comment. Intel did not respond. The World Bank said it did not invest in Stability). In a Slack message reviewed by Forbes, Mostaque said Google was “willing to move fast” and the round was “likely to be oversubscribed.” It wasn’t. Three people with direct knowledge of these fundraising efforts told Forbes that while there was some interest in Stability, talks often stalled when it came time to disclose financials. Two of them noted that earlier in the year, Mostaque had simply stopped engaging with VCs who asked for numbers. Only one firm invested around that time: actor Ashton Kutcher’s Sound Ventures, which invested $35 million in the form of a convertible SAFE note during the second quarter, according to an internal document. (Sound Ventures did not respond to a request for comment.) And though he’d managed to score a meeting with Nvidia and its CEO Jensen Huang, it ended in disaster, according to two sources. “Under Jensen's microscopic questions, Emad just fell apart,” a source in position to know told Forbes. Huang quickly concluded Stability wasn’t ready for an investment from Nvidia, the sources said. Mostaque told Forbes in an email that he had not met with Huang since 2022, except to say “hello and what’s up a few times after.” His July 2023 message references a plan to raise $150 million from Nvidia. (Nvidia declined to comment.) After a June Forbes investigation citing more than 30 sources revealed Mostaque’s history of misleading claims, Mostaque struggled to raise funding, a Stability investor told Forbes. (Mostaque disputed the story at the time and called it "coordinated lies" in his email this week to Forbes). Increasingly, investors scrutinized his assertions and pressed for data. And Young, now the CEO of Jasper, turned down a verbal offer to be Stability’s president after reading the article, according to a source with direct knowledge of the matter. The collapse of the talks aggravated the board and other executives, who had hoped Young would compensate for the sales and business management skills that Mostaque lacked, according to four people in a position to know. (Young declined to comment.) When Stability’s senior leadership convened in London for the CogX conference in September, the financing had still not closed. There, a group of executives confronted Mostaque asking questions about the company’s cash position and runway, according to three people with direct knowledge of the incident. They did not get the clarity they’d hoped for. By October, Mostaque had reduced his fundraising target by more than 80%. The months that followed saw a steady drumbeat of departures — general counsel Adam Avrunin, vice presidents Mike Melnicki, Ed Newton-Rex and Joe Penna, chief people officer Ozden Onder — culminating in the demoralizing March exit of Stable Diffusion’s primary developers Robin Rombach, Andreas Blattmann, Patrick Esser and Dominik Lorenz. Rombach, who led the team, had been angling to leave for months, two sources said, first threatening to resign last summer because of the fundraising failures. Others left over concerns about cash flow, as well as liabilities — including what four people described as Mostaque’s lax approach to ensuring that Stability products could not be used to produce child sexual abuse imagery. “Stability AI is committed to preventing the misuse of AI and prohibits the use of our image models and services for unlawful activity, including attempts to edit or create CSAM,” Ella Irwin, senior vice president of integrity, said in a statement. Newton-Rex told Forbes he resigned because he disagreed with Stability’s position that training AI on copyrighted work without consent is fair use. Melnicki and Penna declined to comment. Avrunin and Onder could not be reached for comment. None of the researchers responded to requests for comment. The Stable Diffusion researchers’ departure as a cohort says a lot about the state of Stability AI. The company’s researchers were widely viewed as its crown jewels, their work subsidized with a firehose of pricey compute power that was even extended to people outside the company. Martino Russi, an artificial intelligence researcher, told Forbes that though he was never formally employed by Stability, the company provided him a “staggering” amount of compute between January and April 2023 to play around with developing an AI video generator that Stability might someday use. “It was Candy Land or Coney Island,” said Russi, who estimates that his experiment, which was ultimately shelved, cost the company $2.5 million. Stable Diffusion was simultaneously Stability’s marquee product and its existential cash crisis. One current employee described it to Forbes as “a giant vacuum that absorbed everything: money, compute, people.” While the software was widely used, with Mostaque claiming downloads reaching into the hundreds of millions, Stability struggled to translate that wild success into revenue. Mostaque knew it could be done — peers at Databricks, Elastic and MongoDB had all turned a free product into a lucrative business — he just couldn’t figure out how. His first attempt was Stability’s API, which allowed paying customers to integrate Stable Diffusion into their own products. In early 2023, a handful of small companies, like art generator app NightCafe and presentation software startup Tome, signed on, according to four people with knowledge of the deals. But Stability’s poor account management services soured many, and in a matter of months NightCafe and Tome canceled their contracts, three people said. NightCafe founder Angus Russell told Forbes that his company switched to a competitor which “offered much cheaper inference costs and a broader service.” Tome did not respond to a request for comment. Meanwhile, Mostaque’s efforts to court larger companies like Samsung and Snapchat were failing, according to five people familiar with the effort. Canva, which was already one of the heaviest users of open-sourced Stable Diffusion, had multiple discussions with Stability, which was angling for a contract it hoped would generate several millions in annual revenue. But the deal never materialized, four sources said. “These three companies wanted and needed us,” one former employee told Forbes. “They would have been the perfect customers.” (Samsung, Snap and Canva declined to comment.) “It’s not that there was not an appetite to pay Stability — there were tons of companies that would have that wanted to,” the former employee said. “There was a huge opportunity and demand, but just a resistance to execution.” Mostaque’s other big idea was to provide governments with bespoke national AI models that would invigorate their economies and citizenry. “Emad envisions a world where AI through 100 national models serves not as a tool of the few, but as a benefactor to all promising to confront great adversaries, cancer, autism, and the sands of time itself,” the AI avatar of Aristotle said in his intro at the conference. Mostaque told several prospective customers that he could deliver such models within 60 days — an untenable timeline, according to two people in position to know. Stability attempted to develop a model for the Singaporean government over the protestation of employees who questioned its technical feasibility, three sources familiar with the effort told Forbes. But it couldn’t pull it off and Singapore never became a customer. (The government of Singapore confirmed it did not enter into a deal with Stability, but declined to answer additional questions.) As Stability careened from one new business idea to another, resources were abruptly reallocated and researchers reassigned. The whiplash shifts in a largely siloed organization demoralized and infuriated employees. “There were ‘urgent’ things, ‘urgent urgent’ things and ‘most urgent,’” one former employee complained. “None of these things seem important if everything is important.” Another former Stability executive was far more pointed in their assessment. “Emad is the most disorganized leader I have ever worked with in my career,” this person told Forbes. “He has no vision, and changes directions every week, often based on what he sees on Twitter.” In a video interview posted shortly before this story was published, Mostaque explained his leadership style: “I'm particularly great at taking creatives, developers, researchers, others, and achieving their full potential in designing systems. But I should not be dealing with, you know, HR and operations and business development and other elements. There are far better people than me to do that.” By December 2023, Stability had partially abandoned its open-source roots and announced that any commercial use of Stable Diffusion would cost customers at least $20 per month (non-commercial and research use of Stable Diffusion would remain free). But privately, Stability was considering a potentially more lucrative source of revenue: reselling the compute it was leasing from providers like AWS, according to six people familiar with the effort. Though it was essentially GPU arbitrage, Stability framed the strategy to investors as a “managed services” offering. Its damning October financial report projected optimistically that such an offering would bring in $139 million in 2024 — 98% of its revenue. Multiple employees at the time told Forbes they feared reselling compute, even if the company called it “managed services,” would violate the terms of Stability’s contract with AWS. Amazon declined to comment. “The line internally was that we are not reselling compute,” one former employee said. “This was some of the dirtiest feeling stuff.” Stability also discussed reselling a cluster of Nvidia A100 chips, leased via CoreWeave, to the venture capital firm Andreessen Horowitz, three sources said. “It was under the guise of managed services, but there wasn’t any management happening,” one of these people told Forbes. Andreessen Horowitz and CoreWeave declined to comment. Stability did not respond to questions about if it plans to continue this strategy now that Mostaque is out of the picture. Regardless, interim co-CEOs Wong and Laforte are on a tight timeline to clean up his mess. Board chairman Jim O’Shaughnessy said in a statement that he was confident the pair “will adeptly steer the company forward in developing and commercializing industry-leading generative AI products.” But burn continues to far outpace revenue. The Financial Times reported Friday that the company made $5.4 million of revenue in February, against $8 million in costs. Several sources said there are ongoing concerns about making payroll for the roughly 150 remaining employees. Leadership roles have gone vacant for months amid the disarray, leaving the company increasingly directionless. Meanwhile, a potentially catastrophic legal threat looms over the company: A trio of copyright infringement lawsuits brought by Getty Images and a group of artists in the U.S. and U.K., who claim Stability illegally used their art and photography to train the AI models powering Stable Diffusion. A London-based court has already rejected the company’s bid to throw out one of the lawsuits on the basis that none of its researchers were based in the U.K. And Stability’s claim that Getty’s Delaware lawsuit should be blocked because it's a U.K.-based company was rejected. (Stability did not respond to questions about the litigation.) AI-related copyright litigation “could go on for years,” according to Eric Goldman, a law professor at Santa Clara University. He told Forbes that though plaintiffs suing AI firms face an uphill battle overcoming the existing legal precedent on copyright infringement, the quantity of arguments available to make are virtually inexhaustible. “Like in military theory, if there’s a gap in your lines, that’s where the enemy pours through — if any one of those arguments succeeds, it could completely change the generative AI environment,” he said. “In some sense, generative AI as an industry has to win everything.” Stability, which had more than $100 million in the bank just a year and a half ago, is in a deep hole. Not only does it need more funding, it needs a viable business model — or a buyer with the vision and chops to make it successful in a fast-moving and highly competitive sector. At an all hands meeting this past Monday, Stability’s new leaders detailed a path forward. One point of emphasis: a plan to better manage resources and expenses, according to one person in attendance. It’s a start, but Mostaque’s meddling has left them with little runway to execute. His resignation, though, has given some employees hope. “A few people are 100% going to reconsider leaving after today,” said one current employee. “And the weird gloomy aura of hearing Emad talking nonsense for an hour is gone.” Shortly before Mostaque resigned, one current Stability executive told Forbes that they were optimistic his departure could make Stability appealing enough to receive a small investment or sale to a friendly party. “There are companies that have raised hundreds of millions of dollars that have much less intrinsic value than Stability,” the person said. “A white knight may still appear.”

[N] How Stability AI’s Founder Tanked His Billion-Dollar Startup
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[N] How Stability AI’s Founder Tanked His Billion-Dollar Startup

forbes article: https://www.forbes.com/sites/kenrickcai/2024/03/29/how-stability-ais-founder-tanked-his-billion-dollar-startup/ archive no paywall: https://archive.is/snbeV How Stability AI’s Founder Tanked His Billion-Dollar Startup Mar 29, 2024 Stability AI founder Emad Mostaque took the stage last week at the Terranea Resort in Palos Verdes, California to roaring applause and an introduction from an AI-generated Aristotle who announced him as “a modern Prometheus” with “the astuteness of Athena and the vision of Daedalus.” “Under his stewardship, AI becomes the Herculean force poised to vanquish the twin serpents of illness and ailment and extend the olive branch of longevity,” the faux Aristotle proclaimed. “I think that’s the best intro I’ve ever had,” Mostaque said. But behind Mostaque's hagiographic introduction lay a grim and fast metastasizing truth. Stability, once one of AI’s buzziest startups, was floundering. It had been running out of money for months and Mostaque had been unable to secure enough additional funding. It had defaulted on payments to Amazon whose cloud service undergirded Stability’s core offerings. The star research team behind its flagship text-to-image generator Stable Diffusion had tendered their resignations just three days before — as Forbes would first report — and other senior leaders had issued him an ultimatum: resign, or we walk too. Still, onstage before a massive audience of peers and acolytes, Mostaque talked a big game. “AI is jet planes for the mind,” he opined. “AI is our collective intelligence. It's the human Colossus.” He claimed a new, faster version of the Stable Diffusion image generator released earlier this month could generate “200 cats with hats per second.” But later, when he was asked about Stability’s financial model, Mostaque fumbled. “I can’t say that publicly,” he replied. “But it’s going well. We’re ahead of forecast.” Four days later, Mostaque stepped down as CEO of Stability, as Forbes first reported. In a post to X, the service formerly known as Twitter, he claimed he’d voluntarily abdicated his role to decentralize “the concentration of power in AI.” But sources told Forbes that was hardly the case. Behind the scenes, Mostaque had fought to maintain his position and control despite mounting pressure externally and internally to step down. Company documents and interviews with 32 current and former employees, investors, collaborators and industry observers suggest his abrupt exit was the result of poor business judgment and wild overspending that undermined confidence in his vision and leadership, and ultimately kneecapped the company. Mostaque, through his attorneys, declined to comment on record on a detailed list of questions about the reporting in this story. But in an email to Forbes earlier this week he broadly disputed the allegations. “Nobody tells you how hard it is to be a CEO and there are better CEOs than me to scale a business,” he said in a statement. “I am not sure anyone else would have been able to build and grow the research team to build the best and most widely used models out there and I’m very proud of the team there. I look forward to moving onto the next problem to handle and hopefully move the needle.” In an emailed statement, Christian Laforte and Shan Shan Wong, the interim co-CEOs who replaced Mostaque, said, "the company remains focused on commercializing its world leading technology” and providing it “to partners across the creative industries." After starting Stability in 2019, Mostaque built the company into an early AI juggernaut by seizing upon a promising research project that would become Stable Diffusion and funding it into a business reality. The ease with which the software generated detailed images from the simplest text prompts immediately captivated the public: 10 million people used it on any given day, the company told Forbes in early 2023. For some true believers, Mostaque was a crucial advocate for open-source AI development in a space dominated by the closed systems of OpenAI, Google and Anthropic. But his startup’s rise to one of the buzziest in generative AI was in part built on a series of exaggerations and misleading claims, as Forbes first reported last year (Mostaque disputed some points at the time). And they continued after he raised $100 million at a $1 billion valuation just days after launching Stable Diffusion in 2022. His failure to deliver on an array of grand promises, like building bespoke AI models for nation states, and his decision to pour tens of millions into research without a sustainable business plan, eroded Stability’s foundations and jeopardized its future. "He was just giving shit away,” one former employee told Forbes. “That man legitimately wanted to transform the world. He actually wanted to train AI models for kids in Malawi. Was it practical? Absolutely not." By October 2023, Stability would have less than $4 million left in the bank, according to an internal memo prepared for a board meeting and reviewed by Forbes. And mounting debt, including months of overdue Amazon Web Services payments, had already left it in the red. To avoid legal penalties for skipping Americans staff’s payroll, the document explained, the London-based startup was considering delaying tax payments to the U.K. government. It was Stability’s armada of GPUs, the wildly powerful and equally expensive chips undergirding AI, that were so taxing the company’s finances. Hosted by AWS, they had long been one of Mostaque’s bragging points; he often touted them as one of the world’s 10 largest supercomputers. They were responsible for helping Stability’s researchers build and maintain one of the top AI image generators, as well as break important new ground on generative audio, video and 3D models. “Undeniably, Stability has continued to ship a lot of models,” said one former employee. “They may not have profited off of it, but the broader ecosystem benefitted in a huge, huge way.” But the costs associated with so much compute were now threatening to sink the company. According to an internal October financial forecast seen by Forbes, Stability was on track to spend $99 million on compute in 2023. It noted as well that Stability was “underpaying AWS bills for July (by $1M)” and “not planning to pay AWS at the end of October for August usage ($7M).” Then there were the September and October bills, plus $1 million owed to Google Cloud and $600,000 to GPU cloud data center CoreWeave. (Amazon, Google and CoreWeave declined to comment.) With an additional $54 million allocated to wages and operating expenses, Stability’s total projected costs for 2023 were $153 million. But according to its October financial report, its projected revenue for the calendar year was just $11 million. Stability was on track to lose more money per month than it made in an entire year. The company’s dire financial position had thoroughly soured Stability’s current investors, including Coatue, which had invested tens of millions in the company during its $101 million funding round in 2022. In the middle of 2023, Mostaque agreed to an independent audit after Coatue raised a series of concerns, according to a source with direct knowledge of the matter. The outcome of the investigation is unclear. Coatue declined to comment. Within a week of an early October board meeting where Mostaque shared that financial forecast, Lightspeed Venture Partners, another major investor, sent a letter to the board urging them to sell the company. The distressing numbers had “severely undermined” the firm’s confidence in Mostaque’s ability to lead the company. “In particular, we are surprised and deeply concerned by a cash position just now disclosed to us that is inconsistent with prior discussions on this topic,” Lightspeed’s general counsel Brett Nissenberg wrote in the letter, a copy of which was viewed by Forbes. “Lightspeed believes that the company is not likely financeable on terms that would assure the company’s long term sound financial position.” (Lightspeed declined a request for comment.) The calls for a sale led Stability to quietly begin looking for a buyer. Bloomberg reported in November that Stability approached AI startups Cohere and Jasper to gauge their interest. Stability denied this, and Jasper CEO Timothy Young did the same when reached for comment by Forbes. A Cohere representative declined to comment. But one prominent AI company confirmed that Mostaque’s representatives had reached out to them to test the waters. Those talks did not advance because “the numbers didn’t add up,” this person, who declined to be named due to the confidential nature of the talks, told Forbes. Stability also tried to court Samsung as a buyer, going so far as to redecorate its office in advance of a planned meeting with the Korean electronics giant. (Samsung said that it invested in Stability in 2023 and that it does not comment on M&A discussions.) Coatue had been calling for Mostaque’s resignation for months, according to a source with direct knowledge. But it and other investors were unable to oust him because he was the company’s majority shareholder. When they tried a different tact by rallying other investors to offer him a juicy equity package to resign, Mostaque refused, said two sources. By October, Coatue and Lightspeed had had enough. Coatue left the board and Lightspeed resigned its observer seat. “Emad infuriated our initial investors so much it’s just making it impossible for us to raise more money under acceptable terms,” one current Stability executive told Forbes. The early months of 2024 saw Stability’s already precarious position eroding further still. Employees were quietly laid off. Three people in a position to know estimated that at least 10% of staff were cut. And cash reserves continued to dwindle. Mostaque mentioned a lifeline at the October board meeting: $95 million in tentative funding from new investors, pending due diligence. But in the end, only a fraction of it was wired, two sources say, much of it from Intel, which Forbes has learned invested $20 million, a fraction of what was reported. (Intel did not return a request for comment by publication time.) Two hours after Forbes broke the news of Mostaque’s plans to step down as CEO, Stability issued a press release confirming his resignation. Chief operating officer Wong and chief technology officer Laforte have taken over in the interim. Mostaque, who said on X that he still owns a majority of the company, also stepped down from the board, which has now initiated a search for a permanent CEO. There is a lot of work to be done to turn things around, and very little time in which to do it. Said the current Stability executive, “There’s still a possibility of a turnaround story, but the odds drop by the day.” In July of 2023, Mostaque still thought he could pull it off. Halfway through the month, he shared a fundraising plan with his lieutenants. It was wildly optimistic, detailing the raise of $500 million in cash and another $750 million in computing facilities from marquee investors like Nvidia, Google, Intel and the World Bank (Nvidia and Google declined comment. Intel did not respond. The World Bank said it did not invest in Stability). In a Slack message reviewed by Forbes, Mostaque said Google was “willing to move fast” and the round was “likely to be oversubscribed.” It wasn’t. Three people with direct knowledge of these fundraising efforts told Forbes that while there was some interest in Stability, talks often stalled when it came time to disclose financials. Two of them noted that earlier in the year, Mostaque had simply stopped engaging with VCs who asked for numbers. Only one firm invested around that time: actor Ashton Kutcher’s Sound Ventures, which invested $35 million in the form of a convertible SAFE note during the second quarter, according to an internal document. (Sound Ventures did not respond to a request for comment.) And though he’d managed to score a meeting with Nvidia and its CEO Jensen Huang, it ended in disaster, according to two sources. “Under Jensen's microscopic questions, Emad just fell apart,” a source in position to know told Forbes. Huang quickly concluded Stability wasn’t ready for an investment from Nvidia, the sources said. Mostaque told Forbes in an email that he had not met with Huang since 2022, except to say “hello and what’s up a few times after.” His July 2023 message references a plan to raise $150 million from Nvidia. (Nvidia declined to comment.) After a June Forbes investigation citing more than 30 sources revealed Mostaque’s history of misleading claims, Mostaque struggled to raise funding, a Stability investor told Forbes. (Mostaque disputed the story at the time and called it "coordinated lies" in his email this week to Forbes). Increasingly, investors scrutinized his assertions and pressed for data. And Young, now the CEO of Jasper, turned down a verbal offer to be Stability’s president after reading the article, according to a source with direct knowledge of the matter. The collapse of the talks aggravated the board and other executives, who had hoped Young would compensate for the sales and business management skills that Mostaque lacked, according to four people in a position to know. (Young declined to comment.) When Stability’s senior leadership convened in London for the CogX conference in September, the financing had still not closed. There, a group of executives confronted Mostaque asking questions about the company’s cash position and runway, according to three people with direct knowledge of the incident. They did not get the clarity they’d hoped for. By October, Mostaque had reduced his fundraising target by more than 80%. The months that followed saw a steady drumbeat of departures — general counsel Adam Avrunin, vice presidents Mike Melnicki, Ed Newton-Rex and Joe Penna, chief people officer Ozden Onder — culminating in the demoralizing March exit of Stable Diffusion’s primary developers Robin Rombach, Andreas Blattmann, Patrick Esser and Dominik Lorenz. Rombach, who led the team, had been angling to leave for months, two sources said, first threatening to resign last summer because of the fundraising failures. Others left over concerns about cash flow, as well as liabilities — including what four people described as Mostaque’s lax approach to ensuring that Stability products could not be used to produce child sexual abuse imagery. “Stability AI is committed to preventing the misuse of AI and prohibits the use of our image models and services for unlawful activity, including attempts to edit or create CSAM,” Ella Irwin, senior vice president of integrity, said in a statement. Newton-Rex told Forbes he resigned because he disagreed with Stability’s position that training AI on copyrighted work without consent is fair use. Melnicki and Penna declined to comment. Avrunin and Onder could not be reached for comment. None of the researchers responded to requests for comment. The Stable Diffusion researchers’ departure as a cohort says a lot about the state of Stability AI. The company’s researchers were widely viewed as its crown jewels, their work subsidized with a firehose of pricey compute power that was even extended to people outside the company. Martino Russi, an artificial intelligence researcher, told Forbes that though he was never formally employed by Stability, the company provided him a “staggering” amount of compute between January and April 2023 to play around with developing an AI video generator that Stability might someday use. “It was Candy Land or Coney Island,” said Russi, who estimates that his experiment, which was ultimately shelved, cost the company $2.5 million. Stable Diffusion was simultaneously Stability’s marquee product and its existential cash crisis. One current employee described it to Forbes as “a giant vacuum that absorbed everything: money, compute, people.” While the software was widely used, with Mostaque claiming downloads reaching into the hundreds of millions, Stability struggled to translate that wild success into revenue. Mostaque knew it could be done — peers at Databricks, Elastic and MongoDB had all turned a free product into a lucrative business — he just couldn’t figure out how. His first attempt was Stability’s API, which allowed paying customers to integrate Stable Diffusion into their own products. In early 2023, a handful of small companies, like art generator app NightCafe and presentation software startup Tome, signed on, according to four people with knowledge of the deals. But Stability’s poor account management services soured many, and in a matter of months NightCafe and Tome canceled their contracts, three people said. NightCafe founder Angus Russell told Forbes that his company switched to a competitor which “offered much cheaper inference costs and a broader service.” Tome did not respond to a request for comment. Meanwhile, Mostaque’s efforts to court larger companies like Samsung and Snapchat were failing, according to five people familiar with the effort. Canva, which was already one of the heaviest users of open-sourced Stable Diffusion, had multiple discussions with Stability, which was angling for a contract it hoped would generate several millions in annual revenue. But the deal never materialized, four sources said. “These three companies wanted and needed us,” one former employee told Forbes. “They would have been the perfect customers.” (Samsung, Snap and Canva declined to comment.) “It’s not that there was not an appetite to pay Stability — there were tons of companies that would have that wanted to,” the former employee said. “There was a huge opportunity and demand, but just a resistance to execution.” Mostaque’s other big idea was to provide governments with bespoke national AI models that would invigorate their economies and citizenry. “Emad envisions a world where AI through 100 national models serves not as a tool of the few, but as a benefactor to all promising to confront great adversaries, cancer, autism, and the sands of time itself,” the AI avatar of Aristotle said in his intro at the conference. Mostaque told several prospective customers that he could deliver such models within 60 days — an untenable timeline, according to two people in position to know. Stability attempted to develop a model for the Singaporean government over the protestation of employees who questioned its technical feasibility, three sources familiar with the effort told Forbes. But it couldn’t pull it off and Singapore never became a customer. (The government of Singapore confirmed it did not enter into a deal with Stability, but declined to answer additional questions.) As Stability careened from one new business idea to another, resources were abruptly reallocated and researchers reassigned. The whiplash shifts in a largely siloed organization demoralized and infuriated employees. “There were ‘urgent’ things, ‘urgent urgent’ things and ‘most urgent,’” one former employee complained. “None of these things seem important if everything is important.” Another former Stability executive was far more pointed in their assessment. “Emad is the most disorganized leader I have ever worked with in my career,” this person told Forbes. “He has no vision, and changes directions every week, often based on what he sees on Twitter.” In a video interview posted shortly before this story was published, Mostaque explained his leadership style: “I'm particularly great at taking creatives, developers, researchers, others, and achieving their full potential in designing systems. But I should not be dealing with, you know, HR and operations and business development and other elements. There are far better people than me to do that.” By December 2023, Stability had partially abandoned its open-source roots and announced that any commercial use of Stable Diffusion would cost customers at least $20 per month (non-commercial and research use of Stable Diffusion would remain free). But privately, Stability was considering a potentially more lucrative source of revenue: reselling the compute it was leasing from providers like AWS, according to six people familiar with the effort. Though it was essentially GPU arbitrage, Stability framed the strategy to investors as a “managed services” offering. Its damning October financial report projected optimistically that such an offering would bring in $139 million in 2024 — 98% of its revenue. Multiple employees at the time told Forbes they feared reselling compute, even if the company called it “managed services,” would violate the terms of Stability’s contract with AWS. Amazon declined to comment. “The line internally was that we are not reselling compute,” one former employee said. “This was some of the dirtiest feeling stuff.” Stability also discussed reselling a cluster of Nvidia A100 chips, leased via CoreWeave, to the venture capital firm Andreessen Horowitz, three sources said. “It was under the guise of managed services, but there wasn’t any management happening,” one of these people told Forbes. Andreessen Horowitz and CoreWeave declined to comment. Stability did not respond to questions about if it plans to continue this strategy now that Mostaque is out of the picture. Regardless, interim co-CEOs Wong and Laforte are on a tight timeline to clean up his mess. Board chairman Jim O’Shaughnessy said in a statement that he was confident the pair “will adeptly steer the company forward in developing and commercializing industry-leading generative AI products.” But burn continues to far outpace revenue. The Financial Times reported Friday that the company made $5.4 million of revenue in February, against $8 million in costs. Several sources said there are ongoing concerns about making payroll for the roughly 150 remaining employees. Leadership roles have gone vacant for months amid the disarray, leaving the company increasingly directionless. Meanwhile, a potentially catastrophic legal threat looms over the company: A trio of copyright infringement lawsuits brought by Getty Images and a group of artists in the U.S. and U.K., who claim Stability illegally used their art and photography to train the AI models powering Stable Diffusion. A London-based court has already rejected the company’s bid to throw out one of the lawsuits on the basis that none of its researchers were based in the U.K. And Stability’s claim that Getty’s Delaware lawsuit should be blocked because it's a U.K.-based company was rejected. (Stability did not respond to questions about the litigation.) AI-related copyright litigation “could go on for years,” according to Eric Goldman, a law professor at Santa Clara University. He told Forbes that though plaintiffs suing AI firms face an uphill battle overcoming the existing legal precedent on copyright infringement, the quantity of arguments available to make are virtually inexhaustible. “Like in military theory, if there’s a gap in your lines, that’s where the enemy pours through — if any one of those arguments succeeds, it could completely change the generative AI environment,” he said. “In some sense, generative AI as an industry has to win everything.” Stability, which had more than $100 million in the bank just a year and a half ago, is in a deep hole. Not only does it need more funding, it needs a viable business model — or a buyer with the vision and chops to make it successful in a fast-moving and highly competitive sector. At an all hands meeting this past Monday, Stability’s new leaders detailed a path forward. One point of emphasis: a plan to better manage resources and expenses, according to one person in attendance. It’s a start, but Mostaque’s meddling has left them with little runway to execute. His resignation, though, has given some employees hope. “A few people are 100% going to reconsider leaving after today,” said one current employee. “And the weird gloomy aura of hearing Emad talking nonsense for an hour is gone.” Shortly before Mostaque resigned, one current Stability executive told Forbes that they were optimistic his departure could make Stability appealing enough to receive a small investment or sale to a friendly party. “There are companies that have raised hundreds of millions of dollars that have much less intrinsic value than Stability,” the person said. “A white knight may still appear.”

[D] The machine learning community has a toxicity problem
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yusuf-bengioThis week

[D] The machine learning community has a toxicity problem

It is omnipresent! First of all, the peer-review process is broken. Every fourth NeurIPS submission is put on arXiv. There are DeepMind researchers publicly going after reviewers who are criticizing their ICLR submission. On top of that, papers by well-known institutes that were put on arXiv are accepted at top conferences, despite the reviewers agreeing on rejection. In contrast, vice versa, some papers with a majority of accepts are overruled by the AC. (I don't want to call any names, just have a look the openreview page of this year's ICRL). Secondly, there is a reproducibility crisis. Tuning hyperparameters on the test set seem to be the standard practice nowadays. Papers that do not beat the current state-of-the-art method have a zero chance of getting accepted at a good conference. As a result, hyperparameters get tuned and subtle tricks implemented to observe a gain in performance where there isn't any. Thirdly, there is a worshiping problem. Every paper with a Stanford or DeepMind affiliation gets praised like a breakthrough. For instance, BERT has seven times more citations than ULMfit. The Google affiliation gives so much credibility and visibility to a paper. At every ICML conference, there is a crowd of people in front of every DeepMind poster, regardless of the content of the work. The same story happened with the Zoom meetings at the virtual ICLR 2020. Moreover, NeurIPS 2020 had twice as many submissions as ICML, even though both are top-tier ML conferences. Why? Why is the name "neural" praised so much? Next, Bengio, Hinton, and LeCun are truly deep learning pioneers but calling them the "godfathers" of AI is insane. It has reached the level of a cult. Fourthly, the way Yann LeCun talked about biases and fairness topics was insensitive. However, the toxicity and backlash that he received are beyond any reasonable quantity. Getting rid of LeCun and silencing people won't solve any issue. Fifthly, machine learning, and computer science in general, have a huge diversity problem. At our CS faculty, only 30% of undergrads and 15% of the professors are women. Going on parental leave during a PhD or post-doc usually means the end of an academic career. However, this lack of diversity is often abused as an excuse to shield certain people from any form of criticism. Reducing every negative comment in a scientific discussion to race and gender creates a toxic environment. People are becoming afraid to engage in fear of being called a racist or sexist, which in turn reinforces the diversity problem. Sixthly, moral and ethics are set arbitrarily. The U.S. domestic politics dominate every discussion. At this very moment, thousands of Uyghurs are put into concentration camps based on computer vision algorithms invented by this community, and nobody seems even remotely to care. Adding a "broader impact" section at the end of every people will not make this stop. There are huge shitstorms because a researcher wasn't mentioned in an article. Meanwhile, the 1-billion+ people continent of Africa is virtually excluded from any meaningful ML discussion (besides a few Indaba workshops). Seventhly, there is a cut-throat publish-or-perish mentality. If you don't publish 5+ NeurIPS/ICML papers per year, you are a looser. Research groups have become so large that the PI does not even know the name of every PhD student anymore. Certain people submit 50+ papers per year to NeurIPS. The sole purpose of writing a paper has become to having one more NeurIPS paper in your CV. Quality is secondary; passing the peer-preview stage has become the primary objective. Finally, discussions have become disrespectful. Schmidhuber calls Hinton a thief, Gebru calls LeCun a white supremacist, Anandkumar calls Marcus a sexist, everybody is under attack, but nothing is improved. Albert Einstein was opposing the theory of quantum mechanics. Can we please stop demonizing those who do not share our exact views. We are allowed to disagree without going for the jugular. The moment we start silencing people because of their opinion is the moment scientific and societal progress dies. Best intentions, Yusuf

[N] How Stability AI’s Founder Tanked His Billion-Dollar Startup
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[N] How Stability AI’s Founder Tanked His Billion-Dollar Startup

forbes article: https://www.forbes.com/sites/kenrickcai/2024/03/29/how-stability-ais-founder-tanked-his-billion-dollar-startup/ archive no paywall: https://archive.is/snbeV How Stability AI’s Founder Tanked His Billion-Dollar Startup Mar 29, 2024 Stability AI founder Emad Mostaque took the stage last week at the Terranea Resort in Palos Verdes, California to roaring applause and an introduction from an AI-generated Aristotle who announced him as “a modern Prometheus” with “the astuteness of Athena and the vision of Daedalus.” “Under his stewardship, AI becomes the Herculean force poised to vanquish the twin serpents of illness and ailment and extend the olive branch of longevity,” the faux Aristotle proclaimed. “I think that’s the best intro I’ve ever had,” Mostaque said. But behind Mostaque's hagiographic introduction lay a grim and fast metastasizing truth. Stability, once one of AI’s buzziest startups, was floundering. It had been running out of money for months and Mostaque had been unable to secure enough additional funding. It had defaulted on payments to Amazon whose cloud service undergirded Stability’s core offerings. The star research team behind its flagship text-to-image generator Stable Diffusion had tendered their resignations just three days before — as Forbes would first report — and other senior leaders had issued him an ultimatum: resign, or we walk too. Still, onstage before a massive audience of peers and acolytes, Mostaque talked a big game. “AI is jet planes for the mind,” he opined. “AI is our collective intelligence. It's the human Colossus.” He claimed a new, faster version of the Stable Diffusion image generator released earlier this month could generate “200 cats with hats per second.” But later, when he was asked about Stability’s financial model, Mostaque fumbled. “I can’t say that publicly,” he replied. “But it’s going well. We’re ahead of forecast.” Four days later, Mostaque stepped down as CEO of Stability, as Forbes first reported. In a post to X, the service formerly known as Twitter, he claimed he’d voluntarily abdicated his role to decentralize “the concentration of power in AI.” But sources told Forbes that was hardly the case. Behind the scenes, Mostaque had fought to maintain his position and control despite mounting pressure externally and internally to step down. Company documents and interviews with 32 current and former employees, investors, collaborators and industry observers suggest his abrupt exit was the result of poor business judgment and wild overspending that undermined confidence in his vision and leadership, and ultimately kneecapped the company. Mostaque, through his attorneys, declined to comment on record on a detailed list of questions about the reporting in this story. But in an email to Forbes earlier this week he broadly disputed the allegations. “Nobody tells you how hard it is to be a CEO and there are better CEOs than me to scale a business,” he said in a statement. “I am not sure anyone else would have been able to build and grow the research team to build the best and most widely used models out there and I’m very proud of the team there. I look forward to moving onto the next problem to handle and hopefully move the needle.” In an emailed statement, Christian Laforte and Shan Shan Wong, the interim co-CEOs who replaced Mostaque, said, "the company remains focused on commercializing its world leading technology” and providing it “to partners across the creative industries." After starting Stability in 2019, Mostaque built the company into an early AI juggernaut by seizing upon a promising research project that would become Stable Diffusion and funding it into a business reality. The ease with which the software generated detailed images from the simplest text prompts immediately captivated the public: 10 million people used it on any given day, the company told Forbes in early 2023. For some true believers, Mostaque was a crucial advocate for open-source AI development in a space dominated by the closed systems of OpenAI, Google and Anthropic. But his startup’s rise to one of the buzziest in generative AI was in part built on a series of exaggerations and misleading claims, as Forbes first reported last year (Mostaque disputed some points at the time). And they continued after he raised $100 million at a $1 billion valuation just days after launching Stable Diffusion in 2022. His failure to deliver on an array of grand promises, like building bespoke AI models for nation states, and his decision to pour tens of millions into research without a sustainable business plan, eroded Stability’s foundations and jeopardized its future. "He was just giving shit away,” one former employee told Forbes. “That man legitimately wanted to transform the world. He actually wanted to train AI models for kids in Malawi. Was it practical? Absolutely not." By October 2023, Stability would have less than $4 million left in the bank, according to an internal memo prepared for a board meeting and reviewed by Forbes. And mounting debt, including months of overdue Amazon Web Services payments, had already left it in the red. To avoid legal penalties for skipping Americans staff’s payroll, the document explained, the London-based startup was considering delaying tax payments to the U.K. government. It was Stability’s armada of GPUs, the wildly powerful and equally expensive chips undergirding AI, that were so taxing the company’s finances. Hosted by AWS, they had long been one of Mostaque’s bragging points; he often touted them as one of the world’s 10 largest supercomputers. They were responsible for helping Stability’s researchers build and maintain one of the top AI image generators, as well as break important new ground on generative audio, video and 3D models. “Undeniably, Stability has continued to ship a lot of models,” said one former employee. “They may not have profited off of it, but the broader ecosystem benefitted in a huge, huge way.” But the costs associated with so much compute were now threatening to sink the company. According to an internal October financial forecast seen by Forbes, Stability was on track to spend $99 million on compute in 2023. It noted as well that Stability was “underpaying AWS bills for July (by $1M)” and “not planning to pay AWS at the end of October for August usage ($7M).” Then there were the September and October bills, plus $1 million owed to Google Cloud and $600,000 to GPU cloud data center CoreWeave. (Amazon, Google and CoreWeave declined to comment.) With an additional $54 million allocated to wages and operating expenses, Stability’s total projected costs for 2023 were $153 million. But according to its October financial report, its projected revenue for the calendar year was just $11 million. Stability was on track to lose more money per month than it made in an entire year. The company’s dire financial position had thoroughly soured Stability’s current investors, including Coatue, which had invested tens of millions in the company during its $101 million funding round in 2022. In the middle of 2023, Mostaque agreed to an independent audit after Coatue raised a series of concerns, according to a source with direct knowledge of the matter. The outcome of the investigation is unclear. Coatue declined to comment. Within a week of an early October board meeting where Mostaque shared that financial forecast, Lightspeed Venture Partners, another major investor, sent a letter to the board urging them to sell the company. The distressing numbers had “severely undermined” the firm’s confidence in Mostaque’s ability to lead the company. “In particular, we are surprised and deeply concerned by a cash position just now disclosed to us that is inconsistent with prior discussions on this topic,” Lightspeed’s general counsel Brett Nissenberg wrote in the letter, a copy of which was viewed by Forbes. “Lightspeed believes that the company is not likely financeable on terms that would assure the company’s long term sound financial position.” (Lightspeed declined a request for comment.) The calls for a sale led Stability to quietly begin looking for a buyer. Bloomberg reported in November that Stability approached AI startups Cohere and Jasper to gauge their interest. Stability denied this, and Jasper CEO Timothy Young did the same when reached for comment by Forbes. A Cohere representative declined to comment. But one prominent AI company confirmed that Mostaque’s representatives had reached out to them to test the waters. Those talks did not advance because “the numbers didn’t add up,” this person, who declined to be named due to the confidential nature of the talks, told Forbes. Stability also tried to court Samsung as a buyer, going so far as to redecorate its office in advance of a planned meeting with the Korean electronics giant. (Samsung said that it invested in Stability in 2023 and that it does not comment on M&A discussions.) Coatue had been calling for Mostaque’s resignation for months, according to a source with direct knowledge. But it and other investors were unable to oust him because he was the company’s majority shareholder. When they tried a different tact by rallying other investors to offer him a juicy equity package to resign, Mostaque refused, said two sources. By October, Coatue and Lightspeed had had enough. Coatue left the board and Lightspeed resigned its observer seat. “Emad infuriated our initial investors so much it’s just making it impossible for us to raise more money under acceptable terms,” one current Stability executive told Forbes. The early months of 2024 saw Stability’s already precarious position eroding further still. Employees were quietly laid off. Three people in a position to know estimated that at least 10% of staff were cut. And cash reserves continued to dwindle. Mostaque mentioned a lifeline at the October board meeting: $95 million in tentative funding from new investors, pending due diligence. But in the end, only a fraction of it was wired, two sources say, much of it from Intel, which Forbes has learned invested $20 million, a fraction of what was reported. (Intel did not return a request for comment by publication time.) Two hours after Forbes broke the news of Mostaque’s plans to step down as CEO, Stability issued a press release confirming his resignation. Chief operating officer Wong and chief technology officer Laforte have taken over in the interim. Mostaque, who said on X that he still owns a majority of the company, also stepped down from the board, which has now initiated a search for a permanent CEO. There is a lot of work to be done to turn things around, and very little time in which to do it. Said the current Stability executive, “There’s still a possibility of a turnaround story, but the odds drop by the day.” In July of 2023, Mostaque still thought he could pull it off. Halfway through the month, he shared a fundraising plan with his lieutenants. It was wildly optimistic, detailing the raise of $500 million in cash and another $750 million in computing facilities from marquee investors like Nvidia, Google, Intel and the World Bank (Nvidia and Google declined comment. Intel did not respond. The World Bank said it did not invest in Stability). In a Slack message reviewed by Forbes, Mostaque said Google was “willing to move fast” and the round was “likely to be oversubscribed.” It wasn’t. Three people with direct knowledge of these fundraising efforts told Forbes that while there was some interest in Stability, talks often stalled when it came time to disclose financials. Two of them noted that earlier in the year, Mostaque had simply stopped engaging with VCs who asked for numbers. Only one firm invested around that time: actor Ashton Kutcher’s Sound Ventures, which invested $35 million in the form of a convertible SAFE note during the second quarter, according to an internal document. (Sound Ventures did not respond to a request for comment.) And though he’d managed to score a meeting with Nvidia and its CEO Jensen Huang, it ended in disaster, according to two sources. “Under Jensen's microscopic questions, Emad just fell apart,” a source in position to know told Forbes. Huang quickly concluded Stability wasn’t ready for an investment from Nvidia, the sources said. Mostaque told Forbes in an email that he had not met with Huang since 2022, except to say “hello and what’s up a few times after.” His July 2023 message references a plan to raise $150 million from Nvidia. (Nvidia declined to comment.) After a June Forbes investigation citing more than 30 sources revealed Mostaque’s history of misleading claims, Mostaque struggled to raise funding, a Stability investor told Forbes. (Mostaque disputed the story at the time and called it "coordinated lies" in his email this week to Forbes). Increasingly, investors scrutinized his assertions and pressed for data. And Young, now the CEO of Jasper, turned down a verbal offer to be Stability’s president after reading the article, according to a source with direct knowledge of the matter. The collapse of the talks aggravated the board and other executives, who had hoped Young would compensate for the sales and business management skills that Mostaque lacked, according to four people in a position to know. (Young declined to comment.) When Stability’s senior leadership convened in London for the CogX conference in September, the financing had still not closed. There, a group of executives confronted Mostaque asking questions about the company’s cash position and runway, according to three people with direct knowledge of the incident. They did not get the clarity they’d hoped for. By October, Mostaque had reduced his fundraising target by more than 80%. The months that followed saw a steady drumbeat of departures — general counsel Adam Avrunin, vice presidents Mike Melnicki, Ed Newton-Rex and Joe Penna, chief people officer Ozden Onder — culminating in the demoralizing March exit of Stable Diffusion’s primary developers Robin Rombach, Andreas Blattmann, Patrick Esser and Dominik Lorenz. Rombach, who led the team, had been angling to leave for months, two sources said, first threatening to resign last summer because of the fundraising failures. Others left over concerns about cash flow, as well as liabilities — including what four people described as Mostaque’s lax approach to ensuring that Stability products could not be used to produce child sexual abuse imagery. “Stability AI is committed to preventing the misuse of AI and prohibits the use of our image models and services for unlawful activity, including attempts to edit or create CSAM,” Ella Irwin, senior vice president of integrity, said in a statement. Newton-Rex told Forbes he resigned because he disagreed with Stability’s position that training AI on copyrighted work without consent is fair use. Melnicki and Penna declined to comment. Avrunin and Onder could not be reached for comment. None of the researchers responded to requests for comment. The Stable Diffusion researchers’ departure as a cohort says a lot about the state of Stability AI. The company’s researchers were widely viewed as its crown jewels, their work subsidized with a firehose of pricey compute power that was even extended to people outside the company. Martino Russi, an artificial intelligence researcher, told Forbes that though he was never formally employed by Stability, the company provided him a “staggering” amount of compute between January and April 2023 to play around with developing an AI video generator that Stability might someday use. “It was Candy Land or Coney Island,” said Russi, who estimates that his experiment, which was ultimately shelved, cost the company $2.5 million. Stable Diffusion was simultaneously Stability’s marquee product and its existential cash crisis. One current employee described it to Forbes as “a giant vacuum that absorbed everything: money, compute, people.” While the software was widely used, with Mostaque claiming downloads reaching into the hundreds of millions, Stability struggled to translate that wild success into revenue. Mostaque knew it could be done — peers at Databricks, Elastic and MongoDB had all turned a free product into a lucrative business — he just couldn’t figure out how. His first attempt was Stability’s API, which allowed paying customers to integrate Stable Diffusion into their own products. In early 2023, a handful of small companies, like art generator app NightCafe and presentation software startup Tome, signed on, according to four people with knowledge of the deals. But Stability’s poor account management services soured many, and in a matter of months NightCafe and Tome canceled their contracts, three people said. NightCafe founder Angus Russell told Forbes that his company switched to a competitor which “offered much cheaper inference costs and a broader service.” Tome did not respond to a request for comment. Meanwhile, Mostaque’s efforts to court larger companies like Samsung and Snapchat were failing, according to five people familiar with the effort. Canva, which was already one of the heaviest users of open-sourced Stable Diffusion, had multiple discussions with Stability, which was angling for a contract it hoped would generate several millions in annual revenue. But the deal never materialized, four sources said. “These three companies wanted and needed us,” one former employee told Forbes. “They would have been the perfect customers.” (Samsung, Snap and Canva declined to comment.) “It’s not that there was not an appetite to pay Stability — there were tons of companies that would have that wanted to,” the former employee said. “There was a huge opportunity and demand, but just a resistance to execution.” Mostaque’s other big idea was to provide governments with bespoke national AI models that would invigorate their economies and citizenry. “Emad envisions a world where AI through 100 national models serves not as a tool of the few, but as a benefactor to all promising to confront great adversaries, cancer, autism, and the sands of time itself,” the AI avatar of Aristotle said in his intro at the conference. Mostaque told several prospective customers that he could deliver such models within 60 days — an untenable timeline, according to two people in position to know. Stability attempted to develop a model for the Singaporean government over the protestation of employees who questioned its technical feasibility, three sources familiar with the effort told Forbes. But it couldn’t pull it off and Singapore never became a customer. (The government of Singapore confirmed it did not enter into a deal with Stability, but declined to answer additional questions.) As Stability careened from one new business idea to another, resources were abruptly reallocated and researchers reassigned. The whiplash shifts in a largely siloed organization demoralized and infuriated employees. “There were ‘urgent’ things, ‘urgent urgent’ things and ‘most urgent,’” one former employee complained. “None of these things seem important if everything is important.” Another former Stability executive was far more pointed in their assessment. “Emad is the most disorganized leader I have ever worked with in my career,” this person told Forbes. “He has no vision, and changes directions every week, often based on what he sees on Twitter.” In a video interview posted shortly before this story was published, Mostaque explained his leadership style: “I'm particularly great at taking creatives, developers, researchers, others, and achieving their full potential in designing systems. But I should not be dealing with, you know, HR and operations and business development and other elements. There are far better people than me to do that.” By December 2023, Stability had partially abandoned its open-source roots and announced that any commercial use of Stable Diffusion would cost customers at least $20 per month (non-commercial and research use of Stable Diffusion would remain free). But privately, Stability was considering a potentially more lucrative source of revenue: reselling the compute it was leasing from providers like AWS, according to six people familiar with the effort. Though it was essentially GPU arbitrage, Stability framed the strategy to investors as a “managed services” offering. Its damning October financial report projected optimistically that such an offering would bring in $139 million in 2024 — 98% of its revenue. Multiple employees at the time told Forbes they feared reselling compute, even if the company called it “managed services,” would violate the terms of Stability’s contract with AWS. Amazon declined to comment. “The line internally was that we are not reselling compute,” one former employee said. “This was some of the dirtiest feeling stuff.” Stability also discussed reselling a cluster of Nvidia A100 chips, leased via CoreWeave, to the venture capital firm Andreessen Horowitz, three sources said. “It was under the guise of managed services, but there wasn’t any management happening,” one of these people told Forbes. Andreessen Horowitz and CoreWeave declined to comment. Stability did not respond to questions about if it plans to continue this strategy now that Mostaque is out of the picture. Regardless, interim co-CEOs Wong and Laforte are on a tight timeline to clean up his mess. Board chairman Jim O’Shaughnessy said in a statement that he was confident the pair “will adeptly steer the company forward in developing and commercializing industry-leading generative AI products.” But burn continues to far outpace revenue. The Financial Times reported Friday that the company made $5.4 million of revenue in February, against $8 million in costs. Several sources said there are ongoing concerns about making payroll for the roughly 150 remaining employees. Leadership roles have gone vacant for months amid the disarray, leaving the company increasingly directionless. Meanwhile, a potentially catastrophic legal threat looms over the company: A trio of copyright infringement lawsuits brought by Getty Images and a group of artists in the U.S. and U.K., who claim Stability illegally used their art and photography to train the AI models powering Stable Diffusion. A London-based court has already rejected the company’s bid to throw out one of the lawsuits on the basis that none of its researchers were based in the U.K. And Stability’s claim that Getty’s Delaware lawsuit should be blocked because it's a U.K.-based company was rejected. (Stability did not respond to questions about the litigation.) AI-related copyright litigation “could go on for years,” according to Eric Goldman, a law professor at Santa Clara University. He told Forbes that though plaintiffs suing AI firms face an uphill battle overcoming the existing legal precedent on copyright infringement, the quantity of arguments available to make are virtually inexhaustible. “Like in military theory, if there’s a gap in your lines, that’s where the enemy pours through — if any one of those arguments succeeds, it could completely change the generative AI environment,” he said. “In some sense, generative AI as an industry has to win everything.” Stability, which had more than $100 million in the bank just a year and a half ago, is in a deep hole. Not only does it need more funding, it needs a viable business model — or a buyer with the vision and chops to make it successful in a fast-moving and highly competitive sector. At an all hands meeting this past Monday, Stability’s new leaders detailed a path forward. One point of emphasis: a plan to better manage resources and expenses, according to one person in attendance. It’s a start, but Mostaque’s meddling has left them with little runway to execute. His resignation, though, has given some employees hope. “A few people are 100% going to reconsider leaving after today,” said one current employee. “And the weird gloomy aura of hearing Emad talking nonsense for an hour is gone.” Shortly before Mostaque resigned, one current Stability executive told Forbes that they were optimistic his departure could make Stability appealing enough to receive a small investment or sale to a friendly party. “There are companies that have raised hundreds of millions of dollars that have much less intrinsic value than Stability,” the person said. “A white knight may still appear.”

[D] Why is the AI Hype Absolutely Bonkers
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[D] Why is the AI Hype Absolutely Bonkers

Edit 2: Both the repo and the post were deleted. Redacting identifying information as the author has appeared to make rectifications, and it’d be pretty damaging if this is what came up when googling their name / GitHub (hopefully they’ve learned a career lesson and can move on). TL;DR: A PhD candidate claimed to have achieved 97% accuracy for coronavirus from chest x-rays. Their post gathered thousands of reactions, and the candidate was quick to recruit branding, marketing, frontend, and backend developers for the project. Heaps of praise all around. He listed himself as a Director of XXXX (redacted), the new name for his project. The accuracy was based on a training dataset of ~30 images of lesion / healthy lungs, sharing of data between test / train / validation, and code to train ResNet50 from a PyTorch tutorial. Nonetheless, thousands of reactions and praise from the “AI | Data Science | Entrepreneur” community. Original Post: I saw this post circulating on LinkedIn: https://www.linkedin.com/posts/activity-6645711949554425856-9Dhm Here, a PhD candidate claims to achieve great performance with “ARTIFICIAL INTELLIGENCE” to predict coronavirus, asks for more help, and garners tens of thousands of views. The repo housing this ARTIFICIAL INTELLIGENCE solution already has a backend, front end, branding, a README translated in 6 languages, and a call to spread the word for this wonderful technology. Surely, I thought, this researcher has some great and novel tech for all of this hype? I mean dear god, we have branding, and the author has listed himself as the founder of an organization based on this project. Anything with this much attention, with dozens of “AI | Data Scientist | Entrepreneur” members of LinkedIn praising it, must have some great merit, right? Lo and behold, we have ResNet50, from torchvision.models import resnet50, with its linear layer replaced. We have a training dataset of 30 images. This should’ve taken at MAX 3 hours to put together - 1 hour for following a tutorial, and 2 for obfuscating the training with unnecessary code. I genuinely don’t know what to think other than this is bonkers. I hope I’m wrong, and there’s some secret model this author is hiding? If so, I’ll delete this post, but I looked through the repo and (REPO link redacted) that’s all I could find. I’m at a loss for thoughts. Can someone explain why this stuff trends on LinkedIn, gets thousands of views and reactions, and gets loads of praise from “expert data scientists”? It’s almost offensive to people who are like ... actually working to treat coronavirus and develop real solutions. It also seriously turns me off from pursuing an MS in CV as opposed to CS. Edit: It turns out there were duplicate images between test / val / training, as if ResNet50 on 30 images wasn’t enough already. He’s also posted an update signed as “Director of XXXX (redacted)”. This seems like a straight up sleazy way to capitalize on the pandemic by advertising himself to be the head of a made up organization, pulling resources away from real biomedical researchers.

[N] TheSequence Scope: When it comes to machine learning, size matters: Microsoft's DeepSpeed framework, which can train a model with up to a trillion parameters
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[N] TheSequence Scope: When it comes to machine learning, size matters: Microsoft's DeepSpeed framework, which can train a model with up to a trillion parameters

Hi there! Offering to your attention the latest edition of a weekly ML-newsletter that focusing on three things: impactful ML research papers, cool ML tech solutions, and ML use cases supported by investors. Please, see it below. Reddit is a new thing for me, and I've been struggling a bit with it, so please don't judge me too harsh for this promotion. This weekly digest is free and I hope you'd find the format convenient for you. Your feedback is very appreciated, and please feel free to sign up if you like it. 📝 Editorial  The recent emergence of pre-trained language models and transformer architectures pushed the creation of larger and larger machine learning models. Google’s BERT presented attention mechanism and transformer architecture possibilities as the “next big thing” in ML, and the numbers seem surreal. OpenAI’s GPT-2 set a record by processing 1.5 billion parameters, followed by Microsoft’s Turing-NLG, which processed 17 billion parameters just to see the new GPT-3 processing an astonishing 175 billion parameters. To not feel complacent, just this week Microsoft announced a new release of its DeepSpeed framework (which powers Turing-NLG), which can train a model with up to a trillion parameters. That sounds insane but it really isn’t.   What we are seeing is a consequence of several factors. First, computation power and parallelization techniques have evolved to a point where it is relatively easy to train machine learning models in large clusters of machines. Second and most importantly, in the current state of machine learning, larger models have regularly outperformed smaller and more specialized models. Knowledge reusability methods like transfer learning are still in very nascent stages. As a result, it’s really hard to build small models that can operate in uncertain environments. Furthermore, as models like GPT-3 and Turing-NLG have shown, there is some unexplainable magic that happens after models go past a certain size. Many of the immediate machine learning problems might be solved by scaling the current generation of neural network architectures. Plain and simple, when it comes to machine learning, size matters.   We would love to hear your opinions about the debate between broader-larger vs. smaller and more specialized models.   Leave a comment Now, to the most important developments in the AI industry this week 🔎 ML Research GPT-3 Falls Short in Machine Comprehension Proposed by researchers from a few major American universities, a 57-task test to measure models’ ability to reason poses challenges even for sophisticated models like GPT-3 ->read more in the original paper Better Text Summarization OpenAI published a paper showing a reinforcement learning with human feedback technique that can surpass supervised models ->read more on OpenAI blog Reinforcement Learning with Offline Datasets Researchers from the Berkeley AI Research (BAIR) Lab published a paper unveiling a method that uses offline datasets to improve reinforcement learning models->read more on BAIR blog 🤖 Cool AI Tech Releases New Version of DeepSpeed Microsoft open-sourced a new version of DeepSpeed, an open-source library for parallelizable training that can scale up to models with 1 trillion parameters->read more on Microsoft Research blog 💸 Money in AI AI-powered customer experience management platform Sprinklr has raised $200 million (kudos to our subscribers from Sprinklr 👏). Sprinklr's “AI listening processing” solution allows companies to get structured and meaningful sentiments and insights from unstructured customer data that comes from public conversations on different websites and social platforms. Xometry, an on-demand industrial parts marketplace, raises $75 million in Series E funding. The company provides a digital way of creating the right combination of buyers and manufacturers. Another example of AI implementation into matching two sides for a deal. Real estate tech company Orchard raises $69 million in its recent funding round. Orchard aims to digitize the whole real estate market, by developing a solution that combines machine learning and rapid human assistance to smooth the search, match the right deal, and simplify buying and selling relationships. Cybersecurity startup Pcysys raised $25 million in its funding round. Pcysys’ platform, which doesn’t require installation or network reconfiguration, uses algorithms to scan and “ethically” attack enterprise networks. Robotics farming company Iron Ox raised $20 million in a funding round. The system of farming robots is still semi-autonomous, the company’s goal is to become fully autonomous.  Insurtech company Descartes Underwriting raised $18.5 million. The company applies AI and machine learning technologies to climate risk predicting and insurance underwriting. Legaltech startup ThoughtRiver raised $10 million in its Series A round. Its AI solution applied to contract pre-screening aims to boost operational efficiency. Medtech startup Skin Analytics raised $5.1 million in Series A funding. Skin Analytics has developed a clinically validated AI system that can identify not only the important skin cancers but also precancerous lesions that can be treated, as well as a range of lesions that are benign. Amazon, along with several government organizations and three other industry partners, helped fund the National Science Foundation, a high-priority AI research initiative. The amount of funding is not disclosed. The content of TheSequence is written by Jesus Rodriguez, one of the most-read contributors to KDNuggets and TDS. You can check his Medium here.

[N] Inside DeepMind's secret plot to break away from Google
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[N] Inside DeepMind's secret plot to break away from Google

Article https://www.businessinsider.com/deepmind-secret-plot-break-away-from-google-project-watermelon-mario-2021-9 by Hugh Langley and Martin Coulter For a while, some DeepMind employees referred to it as "Watermelon." Later, executives called it "Mario." Both code names meant the same thing: a secret plan to break away from parent company Google. DeepMind feared Google might one day misuse its technology, and executives worked to distance the artificial-intelligence firm from its owner for years, said nine current and former employees who were directly familiar with the plans. This included plans to pursue an independent legal status that would distance the group's work from Google, said the people, who asked not to be identified discussing private matters. One core tension at DeepMind was that it sold the business to people it didn't trust, said one former employee. "Everything that happened since that point has been about them questioning that decision," the person added. Efforts to separate DeepMind from Google ended in April without a deal, The Wall Street Journal reported. The yearslong negotiations, along with recent shake-ups within Google's AI division, raise questions over whether the search giant can maintain control over a technology so crucial to its future. "DeepMind's close partnership with Google and Alphabet since the acquisition has been extraordinarily successful — with their support, we've delivered research breakthroughs that transformed the AI field and are now unlocking some of the biggest questions in science," a DeepMind spokesperson said in a statement. "Over the years, of course we've discussed and explored different structures within the Alphabet group to find the optimal way to support our long-term research mission. We could not be prouder to be delivering on this incredible mission, while continuing to have both operational autonomy and Alphabet's full support." When Google acquired DeepMind in 2014, the deal was seen as a win-win. Google got a leading AI research organization, and DeepMind, in London, won financial backing for its quest to build AI that can learn different tasks the way humans do, known as artificial general intelligence. But tensions soon emerged. Some employees described a cultural conflict between researchers who saw themselves firstly as academics and the sometimes bloated bureaucracy of Google's colossal business. Others said staff were immediately apprehensive about putting DeepMind's work under the control of a tech giant. For a while, some employees were encouraged to communicate using encrypted messaging apps over the fear of Google spying on their work. At one point, DeepMind's executives discovered that work published by Google's internal AI research group resembled some of DeepMind's codebase without citation, one person familiar with the situation said. "That pissed off Demis," the person added, referring to Demis Hassabis, DeepMind's CEO. "That was one reason DeepMind started to get more protective of their code." After Google restructured as Alphabet in 2015 to give riskier projects more freedom, DeepMind's leadership started to pursue a new status as a separate division under Alphabet, with its own profit and loss statement, The Information reported. DeepMind already enjoyed a high level of operational independence inside Alphabet, but the group wanted legal autonomy too. And it worried about the misuse of its technology, particularly if DeepMind were to ever achieve AGI. Internally, people started referring to the plan to gain more autonomy as "Watermelon," two former employees said. The project was later formally named "Mario" among DeepMind's leadership, these people said. "Their perspective is that their technology would be too powerful to be held by a private company, so it needs to be housed in some other legal entity detached from shareholder interest," one former employee who was close to the Alphabet negotiations said. "They framed it as 'this is better for society.'" In 2017, at a company retreat at the Macdonald Aviemore Resort in Scotland, DeepMind's leadership disclosed to employees its plan to separate from Google, two people who were present said. At the time, leadership said internally that the company planned to become a "global interest company," three people familiar with the matter said. The title, not an official legal status, was meant to reflect the worldwide ramifications DeepMind believed its technology would have. Later, in negotiations with Google, DeepMind pursued a status as a company limited by guarantee, a corporate structure without shareholders that is sometimes used by nonprofits. The agreement was that Alphabet would continue to bankroll the firm and would get an exclusive license to its technology, two people involved in the discussions said. There was a condition: Alphabet could not cross certain ethical redlines, such as using DeepMind technology for military weapons or surveillance. In 2019, DeepMind registered a new company called DeepMind Labs Limited, as well as a new holding company, filings with the UK's Companies House showed. This was done in anticipation of a separation from Google, two former employees involved in those registrations said. Negotiations with Google went through peaks and valleys over the years but gained new momentum in 2020, one person said. A senior team inside DeepMind started to hold meetings with outside lawyers and Google to hash out details of what this theoretical new formation might mean for the two companies' relationship, including specifics such as whether they would share a codebase, internal performance metrics, and software expenses, two people said. From the start, DeepMind was thinking about potential ethical dilemmas from its deal with Google. Before the 2014 acquisition closed, both companies signed an "Ethics and Safety Review Agreement" that would prevent Google from taking control of DeepMind's technology, The Economist reported in 2019. Part of the agreement included the creation of an ethics board that would supervise the research. Despite years of internal discussions about who should sit on this board, and vague promises to the press, this group "never existed, never convened, and never solved any ethics issues," one former employee close to those discussions said. A DeepMind spokesperson declined to comment. DeepMind did pursue a different idea: an independent review board to convene if it were to separate from Google, three people familiar with the plans said. The board would be made up of Google and DeepMind executives, as well as third parties. Former US president Barack Obama was someone DeepMind wanted to approach for this board, said one person who saw a shortlist of candidates. DeepMind also created an ethical charter that included bans on using its technology for military weapons or surveillance, as well as a rule that its technology should be used for ways that benefit society. In 2017, DeepMind started a unit focused on AI ethics research composed of employees and external research fellows. Its stated goal was to "pave the way for truly beneficial and responsible AI." A few months later, a controversial contract between Google and the Pentagon was disclosed, causing an internal uproar in which employees accused Google of getting into "the business of war." Google's Pentagon contract, known as Project Maven, "set alarm bells ringing" inside DeepMind, a former employee said. Afterward, Google published a set of principles to govern its work in AI, guidelines that were similar to the ethical charter that DeepMind had already set out internally, rankling some of DeepMind's senior leadership, two former employees said. In April, Hassabis told employees in an all-hands meeting that negotiations to separate from Google had ended. DeepMind would maintain its existing status inside Alphabet. DeepMind's future work would be overseen by Google's Advanced Technology Review Council, which includes two DeepMind executives, Google's AI chief Jeff Dean, and the legal SVP Kent Walker. But the group's yearslong battle to achieve more independence raises questions about its future within Google. Google's commitment to AI research has also come under question, after the company forced out two of its most senior AI ethics researchers. That led to an industry backlash and sowed doubt over whether it could allow truly independent research. Ali Alkhatib, a fellow at the Center for Applied Data Ethics, told Insider that more public accountability was "desperately needed" to regulate the pursuit of AI by large tech companies. For Google, its investment in DeepMind may be starting to pay off. Late last year, DeepMind announced a breakthrough to help scientists better understand the behavior of microscopic proteins, which has the potential to revolutionize drug discovery. As for DeepMind, Hassabis is holding on to the belief that AI technology should not be controlled by a single corporation. Speaking at Tortoise's Responsible AI Forum in June, he proposed a "world institute" of AI. Such a body might sit under the jurisdiction of the United Nations, Hassabis theorized, and could be filled with top researchers in the field. "It's much stronger if you lead by example," he told the audience, "and I hope DeepMind can be part of that role-modeling for the industry."

[N] Montreal-based Element AI sold for $230-million as founders saw value mostly wiped out
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[N] Montreal-based Element AI sold for $230-million as founders saw value mostly wiped out

According to Globe and Mail article: Element AI sold for $230-million as founders saw value mostly wiped out, document reveals Montreal startup Element AI Inc. was running out of money and options when it inked a deal last month to sell itself for US$230-milion to Silicon Valley software company ServiceNow Inc., a confidential document obtained by the Globe and Mail reveals. Materials sent to Element AI shareholders Friday reveal that while many of its institutional shareholders will make most if not all of their money back from backing two venture financings, employees will not fare nearly as well. Many have been terminated and had their stock options cancelled. Also losing out are co-founders Jean-François Gagné, the CEO, his wife Anne Martel, the chief administrative officer, chief science officer Nick Chapados and Yoshua Bengio, the University of Montreal professor known as a godfather of “deep learning,” the foundational science behind today’s AI revolution. Between them, they owned 8.8 million common shares, whose value has been wiped out with the takeover, which goes to a shareholder vote Dec 29 with enough investor support already locked up to pass before the takeover goes to a Canadian court to approve a plan of arrangement with ServiceNow. The quartet also owns preferred shares worth less than US$300,000 combined under the terms of the deal. The shareholder document, a management proxy circular, provides a rare look inside efforts by a highly hyped but deeply troubled startup as it struggled to secure financing at the same time as it was failing to live up to its early promises. The circular states the US$230-million purchase price is subject to some adjustments and expenses which could bring the final price down to US$195-million. The sale is a disappointing outcome for a company that burst onto the Canadian tech scene four years ago like few others, promising to deliver AI-powered operational improvements to a range of industries and anchor a thriving domestic AI sector. Element AI became the self-appointed representative of Canada’s AI sector, lobbying politicians and officials and landing numerous photo ops with them, including Prime Minister Justin Trudeau. It also secured $25-million in federal funding – $20-million of which was committed earlier this year and cancelled by the government with the ServiceNow takeover. Element AI invested heavily in hype and and earned international renown, largely due to its association with Dr. Bengio. It raised US$102-million in venture capital in 2017 just nine months after its founding, an unheard of amount for a new Canadian company, from international backers including Microsoft Corp., Intel Corp., Nvidia Corp., Tencent Holdings Ltd., Fidelity Investments, a Singaporean sovereign wealth fund and venture capital firms. Element AI went on a hiring spree to establish what the founders called “supercredibility,” recruiting top AI talent in Canada and abroad. It opened global offices, including a British operation that did pro bono work to deliver “AI for good,” and its ranks swelled to 500 people. But the swift hiring and attention-seeking were at odds with its success in actually building a software business. Element AI took two years to focus on product development after initially pursuing consulting gigs. It came into 2019 with a plan to bring several AI-based products to market, including a cybersecurity offering for financial institutions and a program to help port operators predict waiting times for truck drivers. It was also quietly shopping itself around. In December 2018, the company asked financial adviser Allen & Co LLC to find a potential buyer, in addition to pursuing a private placement, the circular reveals. But Element AI struggled to advance proofs-of-concept work to marketable products. Several client partnerships faltered in 2019 and 2020. Element did manage to reach terms for a US$151.4-million ($200-million) venture financing in September, 2019 led by the Caisse de dépôt et placement du Québec and backed by the Quebec government and consulting giant McKinsey and Co. However, the circular reveals the company only received the first tranche of the financing – roughly half of the amount – at the time, and that it had to meet unspecified conditions to get the rest. A fairness opinion by Deloitte commissioned as part of the sale process estimated Element AI’s enterprises value at just US$76-million around the time of the 2019 financing, shrinking to US$45-million this year. “However, the conditions precedent the closing of the second tranche … were not going to be met in a timely manner,” the circular reads. It states “new terms were proposed” for a round of financing that would give incoming investors ranking ahead of others and a cumulative dividend of 12 per cent on invested capital and impose “other operating and governance constraints and limitations on the company.” Management instead decided to pursue a sale, and Allen contacted prospective buyers in June. As talks narrowed this past summer to exclusive negotiations with ServiceNow, “the company’s liquidity was diminishing as sources of capital on acceptable terms were scarce,” the circular reads. By late November, it was generating revenue at an annualized rate of just $10-million to $12-million, Deloitte said. As part of the deal – which will see ServiceNow keep Element AI’s research scientists and patents and effectively abandon its business – the buyer has agreed to pay US$10-million to key employees and consultants including Mr. Gagne and Dr. Bengio as part of a retention plan. The Caisse and Quebec government will get US$35.45-million and US$11.8-million, respectively, roughly the amount they invested in the first tranche of the 2019 financing.

[N] How Stability AI’s Founder Tanked His Billion-Dollar Startup
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[N] How Stability AI’s Founder Tanked His Billion-Dollar Startup

forbes article: https://www.forbes.com/sites/kenrickcai/2024/03/29/how-stability-ais-founder-tanked-his-billion-dollar-startup/ archive no paywall: https://archive.is/snbeV How Stability AI’s Founder Tanked His Billion-Dollar Startup Mar 29, 2024 Stability AI founder Emad Mostaque took the stage last week at the Terranea Resort in Palos Verdes, California to roaring applause and an introduction from an AI-generated Aristotle who announced him as “a modern Prometheus” with “the astuteness of Athena and the vision of Daedalus.” “Under his stewardship, AI becomes the Herculean force poised to vanquish the twin serpents of illness and ailment and extend the olive branch of longevity,” the faux Aristotle proclaimed. “I think that’s the best intro I’ve ever had,” Mostaque said. But behind Mostaque's hagiographic introduction lay a grim and fast metastasizing truth. Stability, once one of AI’s buzziest startups, was floundering. It had been running out of money for months and Mostaque had been unable to secure enough additional funding. It had defaulted on payments to Amazon whose cloud service undergirded Stability’s core offerings. The star research team behind its flagship text-to-image generator Stable Diffusion had tendered their resignations just three days before — as Forbes would first report — and other senior leaders had issued him an ultimatum: resign, or we walk too. Still, onstage before a massive audience of peers and acolytes, Mostaque talked a big game. “AI is jet planes for the mind,” he opined. “AI is our collective intelligence. It's the human Colossus.” He claimed a new, faster version of the Stable Diffusion image generator released earlier this month could generate “200 cats with hats per second.” But later, when he was asked about Stability’s financial model, Mostaque fumbled. “I can’t say that publicly,” he replied. “But it’s going well. We’re ahead of forecast.” Four days later, Mostaque stepped down as CEO of Stability, as Forbes first reported. In a post to X, the service formerly known as Twitter, he claimed he’d voluntarily abdicated his role to decentralize “the concentration of power in AI.” But sources told Forbes that was hardly the case. Behind the scenes, Mostaque had fought to maintain his position and control despite mounting pressure externally and internally to step down. Company documents and interviews with 32 current and former employees, investors, collaborators and industry observers suggest his abrupt exit was the result of poor business judgment and wild overspending that undermined confidence in his vision and leadership, and ultimately kneecapped the company. Mostaque, through his attorneys, declined to comment on record on a detailed list of questions about the reporting in this story. But in an email to Forbes earlier this week he broadly disputed the allegations. “Nobody tells you how hard it is to be a CEO and there are better CEOs than me to scale a business,” he said in a statement. “I am not sure anyone else would have been able to build and grow the research team to build the best and most widely used models out there and I’m very proud of the team there. I look forward to moving onto the next problem to handle and hopefully move the needle.” In an emailed statement, Christian Laforte and Shan Shan Wong, the interim co-CEOs who replaced Mostaque, said, "the company remains focused on commercializing its world leading technology” and providing it “to partners across the creative industries." After starting Stability in 2019, Mostaque built the company into an early AI juggernaut by seizing upon a promising research project that would become Stable Diffusion and funding it into a business reality. The ease with which the software generated detailed images from the simplest text prompts immediately captivated the public: 10 million people used it on any given day, the company told Forbes in early 2023. For some true believers, Mostaque was a crucial advocate for open-source AI development in a space dominated by the closed systems of OpenAI, Google and Anthropic. But his startup’s rise to one of the buzziest in generative AI was in part built on a series of exaggerations and misleading claims, as Forbes first reported last year (Mostaque disputed some points at the time). And they continued after he raised $100 million at a $1 billion valuation just days after launching Stable Diffusion in 2022. His failure to deliver on an array of grand promises, like building bespoke AI models for nation states, and his decision to pour tens of millions into research without a sustainable business plan, eroded Stability’s foundations and jeopardized its future. "He was just giving shit away,” one former employee told Forbes. “That man legitimately wanted to transform the world. He actually wanted to train AI models for kids in Malawi. Was it practical? Absolutely not." By October 2023, Stability would have less than $4 million left in the bank, according to an internal memo prepared for a board meeting and reviewed by Forbes. And mounting debt, including months of overdue Amazon Web Services payments, had already left it in the red. To avoid legal penalties for skipping Americans staff’s payroll, the document explained, the London-based startup was considering delaying tax payments to the U.K. government. It was Stability’s armada of GPUs, the wildly powerful and equally expensive chips undergirding AI, that were so taxing the company’s finances. Hosted by AWS, they had long been one of Mostaque’s bragging points; he often touted them as one of the world’s 10 largest supercomputers. They were responsible for helping Stability’s researchers build and maintain one of the top AI image generators, as well as break important new ground on generative audio, video and 3D models. “Undeniably, Stability has continued to ship a lot of models,” said one former employee. “They may not have profited off of it, but the broader ecosystem benefitted in a huge, huge way.” But the costs associated with so much compute were now threatening to sink the company. According to an internal October financial forecast seen by Forbes, Stability was on track to spend $99 million on compute in 2023. It noted as well that Stability was “underpaying AWS bills for July (by $1M)” and “not planning to pay AWS at the end of October for August usage ($7M).” Then there were the September and October bills, plus $1 million owed to Google Cloud and $600,000 to GPU cloud data center CoreWeave. (Amazon, Google and CoreWeave declined to comment.) With an additional $54 million allocated to wages and operating expenses, Stability’s total projected costs for 2023 were $153 million. But according to its October financial report, its projected revenue for the calendar year was just $11 million. Stability was on track to lose more money per month than it made in an entire year. The company’s dire financial position had thoroughly soured Stability’s current investors, including Coatue, which had invested tens of millions in the company during its $101 million funding round in 2022. In the middle of 2023, Mostaque agreed to an independent audit after Coatue raised a series of concerns, according to a source with direct knowledge of the matter. The outcome of the investigation is unclear. Coatue declined to comment. Within a week of an early October board meeting where Mostaque shared that financial forecast, Lightspeed Venture Partners, another major investor, sent a letter to the board urging them to sell the company. The distressing numbers had “severely undermined” the firm’s confidence in Mostaque’s ability to lead the company. “In particular, we are surprised and deeply concerned by a cash position just now disclosed to us that is inconsistent with prior discussions on this topic,” Lightspeed’s general counsel Brett Nissenberg wrote in the letter, a copy of which was viewed by Forbes. “Lightspeed believes that the company is not likely financeable on terms that would assure the company’s long term sound financial position.” (Lightspeed declined a request for comment.) The calls for a sale led Stability to quietly begin looking for a buyer. Bloomberg reported in November that Stability approached AI startups Cohere and Jasper to gauge their interest. Stability denied this, and Jasper CEO Timothy Young did the same when reached for comment by Forbes. A Cohere representative declined to comment. But one prominent AI company confirmed that Mostaque’s representatives had reached out to them to test the waters. Those talks did not advance because “the numbers didn’t add up,” this person, who declined to be named due to the confidential nature of the talks, told Forbes. Stability also tried to court Samsung as a buyer, going so far as to redecorate its office in advance of a planned meeting with the Korean electronics giant. (Samsung said that it invested in Stability in 2023 and that it does not comment on M&A discussions.) Coatue had been calling for Mostaque’s resignation for months, according to a source with direct knowledge. But it and other investors were unable to oust him because he was the company’s majority shareholder. When they tried a different tact by rallying other investors to offer him a juicy equity package to resign, Mostaque refused, said two sources. By October, Coatue and Lightspeed had had enough. Coatue left the board and Lightspeed resigned its observer seat. “Emad infuriated our initial investors so much it’s just making it impossible for us to raise more money under acceptable terms,” one current Stability executive told Forbes. The early months of 2024 saw Stability’s already precarious position eroding further still. Employees were quietly laid off. Three people in a position to know estimated that at least 10% of staff were cut. And cash reserves continued to dwindle. Mostaque mentioned a lifeline at the October board meeting: $95 million in tentative funding from new investors, pending due diligence. But in the end, only a fraction of it was wired, two sources say, much of it from Intel, which Forbes has learned invested $20 million, a fraction of what was reported. (Intel did not return a request for comment by publication time.) Two hours after Forbes broke the news of Mostaque’s plans to step down as CEO, Stability issued a press release confirming his resignation. Chief operating officer Wong and chief technology officer Laforte have taken over in the interim. Mostaque, who said on X that he still owns a majority of the company, also stepped down from the board, which has now initiated a search for a permanent CEO. There is a lot of work to be done to turn things around, and very little time in which to do it. Said the current Stability executive, “There’s still a possibility of a turnaround story, but the odds drop by the day.” In July of 2023, Mostaque still thought he could pull it off. Halfway through the month, he shared a fundraising plan with his lieutenants. It was wildly optimistic, detailing the raise of $500 million in cash and another $750 million in computing facilities from marquee investors like Nvidia, Google, Intel and the World Bank (Nvidia and Google declined comment. Intel did not respond. The World Bank said it did not invest in Stability). In a Slack message reviewed by Forbes, Mostaque said Google was “willing to move fast” and the round was “likely to be oversubscribed.” It wasn’t. Three people with direct knowledge of these fundraising efforts told Forbes that while there was some interest in Stability, talks often stalled when it came time to disclose financials. Two of them noted that earlier in the year, Mostaque had simply stopped engaging with VCs who asked for numbers. Only one firm invested around that time: actor Ashton Kutcher’s Sound Ventures, which invested $35 million in the form of a convertible SAFE note during the second quarter, according to an internal document. (Sound Ventures did not respond to a request for comment.) And though he’d managed to score a meeting with Nvidia and its CEO Jensen Huang, it ended in disaster, according to two sources. “Under Jensen's microscopic questions, Emad just fell apart,” a source in position to know told Forbes. Huang quickly concluded Stability wasn’t ready for an investment from Nvidia, the sources said. Mostaque told Forbes in an email that he had not met with Huang since 2022, except to say “hello and what’s up a few times after.” His July 2023 message references a plan to raise $150 million from Nvidia. (Nvidia declined to comment.) After a June Forbes investigation citing more than 30 sources revealed Mostaque’s history of misleading claims, Mostaque struggled to raise funding, a Stability investor told Forbes. (Mostaque disputed the story at the time and called it "coordinated lies" in his email this week to Forbes). Increasingly, investors scrutinized his assertions and pressed for data. And Young, now the CEO of Jasper, turned down a verbal offer to be Stability’s president after reading the article, according to a source with direct knowledge of the matter. The collapse of the talks aggravated the board and other executives, who had hoped Young would compensate for the sales and business management skills that Mostaque lacked, according to four people in a position to know. (Young declined to comment.) When Stability’s senior leadership convened in London for the CogX conference in September, the financing had still not closed. There, a group of executives confronted Mostaque asking questions about the company’s cash position and runway, according to three people with direct knowledge of the incident. They did not get the clarity they’d hoped for. By October, Mostaque had reduced his fundraising target by more than 80%. The months that followed saw a steady drumbeat of departures — general counsel Adam Avrunin, vice presidents Mike Melnicki, Ed Newton-Rex and Joe Penna, chief people officer Ozden Onder — culminating in the demoralizing March exit of Stable Diffusion’s primary developers Robin Rombach, Andreas Blattmann, Patrick Esser and Dominik Lorenz. Rombach, who led the team, had been angling to leave for months, two sources said, first threatening to resign last summer because of the fundraising failures. Others left over concerns about cash flow, as well as liabilities — including what four people described as Mostaque’s lax approach to ensuring that Stability products could not be used to produce child sexual abuse imagery. “Stability AI is committed to preventing the misuse of AI and prohibits the use of our image models and services for unlawful activity, including attempts to edit or create CSAM,” Ella Irwin, senior vice president of integrity, said in a statement. Newton-Rex told Forbes he resigned because he disagreed with Stability’s position that training AI on copyrighted work without consent is fair use. Melnicki and Penna declined to comment. Avrunin and Onder could not be reached for comment. None of the researchers responded to requests for comment. The Stable Diffusion researchers’ departure as a cohort says a lot about the state of Stability AI. The company’s researchers were widely viewed as its crown jewels, their work subsidized with a firehose of pricey compute power that was even extended to people outside the company. Martino Russi, an artificial intelligence researcher, told Forbes that though he was never formally employed by Stability, the company provided him a “staggering” amount of compute between January and April 2023 to play around with developing an AI video generator that Stability might someday use. “It was Candy Land or Coney Island,” said Russi, who estimates that his experiment, which was ultimately shelved, cost the company $2.5 million. Stable Diffusion was simultaneously Stability’s marquee product and its existential cash crisis. One current employee described it to Forbes as “a giant vacuum that absorbed everything: money, compute, people.” While the software was widely used, with Mostaque claiming downloads reaching into the hundreds of millions, Stability struggled to translate that wild success into revenue. Mostaque knew it could be done — peers at Databricks, Elastic and MongoDB had all turned a free product into a lucrative business — he just couldn’t figure out how. His first attempt was Stability’s API, which allowed paying customers to integrate Stable Diffusion into their own products. In early 2023, a handful of small companies, like art generator app NightCafe and presentation software startup Tome, signed on, according to four people with knowledge of the deals. But Stability’s poor account management services soured many, and in a matter of months NightCafe and Tome canceled their contracts, three people said. NightCafe founder Angus Russell told Forbes that his company switched to a competitor which “offered much cheaper inference costs and a broader service.” Tome did not respond to a request for comment. Meanwhile, Mostaque’s efforts to court larger companies like Samsung and Snapchat were failing, according to five people familiar with the effort. Canva, which was already one of the heaviest users of open-sourced Stable Diffusion, had multiple discussions with Stability, which was angling for a contract it hoped would generate several millions in annual revenue. But the deal never materialized, four sources said. “These three companies wanted and needed us,” one former employee told Forbes. “They would have been the perfect customers.” (Samsung, Snap and Canva declined to comment.) “It’s not that there was not an appetite to pay Stability — there were tons of companies that would have that wanted to,” the former employee said. “There was a huge opportunity and demand, but just a resistance to execution.” Mostaque’s other big idea was to provide governments with bespoke national AI models that would invigorate their economies and citizenry. “Emad envisions a world where AI through 100 national models serves not as a tool of the few, but as a benefactor to all promising to confront great adversaries, cancer, autism, and the sands of time itself,” the AI avatar of Aristotle said in his intro at the conference. Mostaque told several prospective customers that he could deliver such models within 60 days — an untenable timeline, according to two people in position to know. Stability attempted to develop a model for the Singaporean government over the protestation of employees who questioned its technical feasibility, three sources familiar with the effort told Forbes. But it couldn’t pull it off and Singapore never became a customer. (The government of Singapore confirmed it did not enter into a deal with Stability, but declined to answer additional questions.) As Stability careened from one new business idea to another, resources were abruptly reallocated and researchers reassigned. The whiplash shifts in a largely siloed organization demoralized and infuriated employees. “There were ‘urgent’ things, ‘urgent urgent’ things and ‘most urgent,’” one former employee complained. “None of these things seem important if everything is important.” Another former Stability executive was far more pointed in their assessment. “Emad is the most disorganized leader I have ever worked with in my career,” this person told Forbes. “He has no vision, and changes directions every week, often based on what he sees on Twitter.” In a video interview posted shortly before this story was published, Mostaque explained his leadership style: “I'm particularly great at taking creatives, developers, researchers, others, and achieving their full potential in designing systems. But I should not be dealing with, you know, HR and operations and business development and other elements. There are far better people than me to do that.” By December 2023, Stability had partially abandoned its open-source roots and announced that any commercial use of Stable Diffusion would cost customers at least $20 per month (non-commercial and research use of Stable Diffusion would remain free). But privately, Stability was considering a potentially more lucrative source of revenue: reselling the compute it was leasing from providers like AWS, according to six people familiar with the effort. Though it was essentially GPU arbitrage, Stability framed the strategy to investors as a “managed services” offering. Its damning October financial report projected optimistically that such an offering would bring in $139 million in 2024 — 98% of its revenue. Multiple employees at the time told Forbes they feared reselling compute, even if the company called it “managed services,” would violate the terms of Stability’s contract with AWS. Amazon declined to comment. “The line internally was that we are not reselling compute,” one former employee said. “This was some of the dirtiest feeling stuff.” Stability also discussed reselling a cluster of Nvidia A100 chips, leased via CoreWeave, to the venture capital firm Andreessen Horowitz, three sources said. “It was under the guise of managed services, but there wasn’t any management happening,” one of these people told Forbes. Andreessen Horowitz and CoreWeave declined to comment. Stability did not respond to questions about if it plans to continue this strategy now that Mostaque is out of the picture. Regardless, interim co-CEOs Wong and Laforte are on a tight timeline to clean up his mess. Board chairman Jim O’Shaughnessy said in a statement that he was confident the pair “will adeptly steer the company forward in developing and commercializing industry-leading generative AI products.” But burn continues to far outpace revenue. The Financial Times reported Friday that the company made $5.4 million of revenue in February, against $8 million in costs. Several sources said there are ongoing concerns about making payroll for the roughly 150 remaining employees. Leadership roles have gone vacant for months amid the disarray, leaving the company increasingly directionless. Meanwhile, a potentially catastrophic legal threat looms over the company: A trio of copyright infringement lawsuits brought by Getty Images and a group of artists in the U.S. and U.K., who claim Stability illegally used their art and photography to train the AI models powering Stable Diffusion. A London-based court has already rejected the company’s bid to throw out one of the lawsuits on the basis that none of its researchers were based in the U.K. And Stability’s claim that Getty’s Delaware lawsuit should be blocked because it's a U.K.-based company was rejected. (Stability did not respond to questions about the litigation.) AI-related copyright litigation “could go on for years,” according to Eric Goldman, a law professor at Santa Clara University. He told Forbes that though plaintiffs suing AI firms face an uphill battle overcoming the existing legal precedent on copyright infringement, the quantity of arguments available to make are virtually inexhaustible. “Like in military theory, if there’s a gap in your lines, that’s where the enemy pours through — if any one of those arguments succeeds, it could completely change the generative AI environment,” he said. “In some sense, generative AI as an industry has to win everything.” Stability, which had more than $100 million in the bank just a year and a half ago, is in a deep hole. Not only does it need more funding, it needs a viable business model — or a buyer with the vision and chops to make it successful in a fast-moving and highly competitive sector. At an all hands meeting this past Monday, Stability’s new leaders detailed a path forward. One point of emphasis: a plan to better manage resources and expenses, according to one person in attendance. It’s a start, but Mostaque’s meddling has left them with little runway to execute. His resignation, though, has given some employees hope. “A few people are 100% going to reconsider leaving after today,” said one current employee. “And the weird gloomy aura of hearing Emad talking nonsense for an hour is gone.” Shortly before Mostaque resigned, one current Stability executive told Forbes that they were optimistic his departure could make Stability appealing enough to receive a small investment or sale to a friendly party. “There are companies that have raised hundreds of millions of dollars that have much less intrinsic value than Stability,” the person said. “A white knight may still appear.”

[D] Misuse of Deep Learning in Nature Journal’s Earthquake Aftershock Paper
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milaworldThis week

[D] Misuse of Deep Learning in Nature Journal’s Earthquake Aftershock Paper

Recently, I saw a post by Rajiv Shah, Chicago-based data-scientist, regarding an article published in Nature last year called Deep learning of aftershock patterns following large earthquakes, written by scientists at Harvard in collaboration with Google. Below is the article: Stand Up for Best Practices: Misuse of Deep Learning in Nature’s Earthquake Aftershock Paper The Dangers of Machine Learning Hype Practitioners of AI, machine learning, predictive modeling, and data science have grown enormously over the last few years. What was once a niche field defined by its blend of knowledge is becoming a rapidly growing profession. As the excitement around AI continues to grow, the new wave of ML augmentation, automation, and GUI tools will lead to even more growth in the number of people trying to build predictive models. But here’s the rub: While it becomes easier to use the tools of predictive modeling, predictive modeling knowledge is not yet a widespread commodity. Errors can be counterintuitive and subtle, and they can easily lead you to the wrong conclusions if you’re not careful. I’m a data scientist who works with dozens of expert data science teams for a living. In my day job, I see these teams striving to build high-quality models. The best teams work together to review their models to detect problems. There are many hard-to-detect-ways that lead to problematic models (say, by allowing target leakage into their training data). Identifying issues is not fun. This requires admitting that exciting results are “too good to be true” or that their methods were not the right approach. In other words, it’s less about the sexy data science hype that gets headlines and more about a rigorous scientific discipline. Bad Methods Create Bad Results Almost a year ago, I read an article in Nature that claimed unprecedented accuracy in predicting earthquake aftershocks by using deep learning. Reading the article, my internal radar became deeply suspicious of their results. Their methods simply didn’t carry many of the hallmarks of careful predicting modeling. I started to dig deeper. In the meantime, this article blew up and became widely recognized! It was even included in the release notes for Tensorflow as an example of what deep learning could do. However, in my digging, I found major flaws in the paper. Namely, data leakage which leads to unrealistic accuracy scores and a lack of attention to model selection (you don’t build a 6 layer neural network when a simpler model provides the same level of accuracy). To my earlier point: these are subtle, but incredibly basic predictive modeling errors that can invalidate the entire results of an experiment. Data scientists are trained to recognize and avoid these issues in their work. I assumed that this was simply overlooked by the author, so I contacted her and let her know so that she could improve her analysis. Although we had previously communicated, she did not respond to my email over concerns with the paper. Falling On Deaf Ears So, what was I to do? My coworkers told me to just tweet it and let it go, but I wanted to stand up for good modeling practices. I thought reason and best practices would prevail, so I started a 6-month process of writing up my results and shared them with Nature. Upon sharing my results, I received a note from Nature in January 2019 that despite serious concerns about data leakage and model selection that invalidate their experiment, they saw no need to correct the errors, because “Devries et al. are concerned primarily with using machine learning as [a] tool to extract insight into the natural world, and not with details of the algorithm design.” The authors provided a much harsher response. You can read the entire exchange on my github. It’s not enough to say that I was disappointed. This was a major paper (it’s Nature!) that bought into AI hype and published a paper despite it using flawed methods. Then, just this week, I ran across articles by Arnaud Mignan and Marco Broccardo on shortcomings that they found in the aftershocks article. Here are two more data scientists with expertise in earthquake analysis who also noticed flaws in the paper. I also have placed my analysis and reproducible code on github. Standing Up For Predictive Modeling Methods I want to make it clear: my goal is not to villainize the authors of the aftershocks paper. I don’t believe that they were malicious, and I think that they would argue their goal was to just show how machine learning could be applied to aftershocks. Devries is an accomplished earthquake scientist who wanted to use the latest methods for her field of study and found exciting results from it. But here’s the problem: their insights and results were based on fundamentally flawed methods. It’s not enough to say, “This isn’t a machine learning paper, it’s an earthquake paper.” If you use predictive modeling, then the quality of your results are determined by the quality of your modeling. Your work becomes data science work, and you are on the hook for your scientific rigor. There is a huge appetite for papers that use the latest technologies and approaches. It becomes very difficult to push back on these papers. But if we allow papers or projects with fundamental issues to advance, it hurts all of us. It undermines the field of predictive modeling. Please push back on bad data science. Report bad findings to papers. And if they don’t take action, go to twitter, post about it, share your results and make noise. This type of collective action worked to raise awareness of p-values and combat the epidemic of p-hacking. We need good machine learning practices if we want our field to continue to grow and maintain credibility. Link to Rajiv's Article Original Nature Publication (note: paywalled) GitHub repo contains an attempt to reproduce Nature's paper Confrontational correspondence with authors

If only someone told me this before my first startup
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johnrushxThis week

If only someone told me this before my first startup

If only someone told me this before my first startup: Validate idea first. I wasted a decade building stuff nobody needed. Incubators and VCs served to me as a validation, but I was so wrong. Kill my EGO. It’s not about me, but the user. I must want what the user wants, not what I want. My taste isn't important. The user has expectations, and I must fulfill them. Don’t chaise investors. Chase users, and then investors will be chasing me. I've never had more incoming interest from VC than now when I'm the least interested in them. Never hire managers. Only hire doers until PMF. So many people know how to manage people and so few can actually get sh\*t done barehand. Landing page is the least important thing in a startup. Pick a simple template, edit texts with a no-code website builder in less than an hour and that's it! At the early stage, I win traffic outside of my website, people are already interested, so don't make them search for the signup button among the texts! Focus on conversion optimization only when the traffic is consistent. Keep it to one page. Nobody gonna browse this website. Hire only fullstack devs. There is nothing less productive in this world than a team of developers for an early-stage product. One full stack dev building the whole product. That’s it. Chase global market from day 1. If the product and marketing are good, it will work on the global market too, if it’s bad, it won’t work on the local market too. So better go global from day 1, so that if it works, the upside is 100x bigger. I launched all startups for the Norwegian market, hoping we will scale to international at some point. I wish I launched to international from day 1 as I do now. The size of the market is 10000x bigger. I can validate and grow products in days, not in years as it used to be. Do SEO from day 2. As early as I can. I ignored this for 14 years. It’s my biggest regret. It takes just 5 minutes to get it done on my landing page. I go to Google Keyword Planner, enter a few keywords around my product, sort them by traffic, filter out high competition kws, pick the top 10, and place them natively on my home page and meta tags. Add one blog article every week. Either manually or by paying for an AI blogging tool. Sell features, before building them. Ask existing users if they want this feature. I run DMs with 10-20 users every day, where I chat about all my ideas and features I wanna add. I clearly see what resonates with me most and only go build those. If I don't have followers, try HN, Reddit, or just search on X for posts and ask it in the replies. People are helpful, they will reply if the question is easy to understand. Hire only people I would wanna hug. My cofounder, an old Danish man said this to me in 2015. And it was a big shift. I realized that if I don’t wanna hug the person, it means I dislike them on a chemical/animal level. Even if I can’t say why, but that’s the fact. Sooner or later, we would have a conflict and eventually break up. It takes up to 10 years to build a startup, make sure I do it with people I have this connection with. Invest all money into my startups and friends. Not crypt0, not stockmarket, not properties. I did some math, if I kept investing all my money into all my friends’ startups, that would be about 70 investments. 3 of them turned into unicorns eventually. Even 1 would have made the bank. Since 2022, I have invested all my money into my products, friends, and network. If I don't have friends who do startups, invest it in myself. Post on Twitter daily. I started posting here in March last year. It’s my primary source of new connections and growth. I could have started it earlier, I don't know why I didn't. Don’t work/partner with corporates. Corporations always seem like an amazing opportunity. They’re big and rich, they promise huge stuff, millions of users, etc. But every single time none of this happens. Because I talk to a regular employees there. They waste my time, destroy focus, shift priorities, and eventually bring in no users/money. Don’t get ever distracted by hype e.g. crypt0. I lost 1.5 years of my life this way. I met the worst people along the way. Fricks, scammers, thieves. Some of my close friends turned into thieves along the way, just because it was so common in that space. I wish this didn’t happen to me. I wish I was stronger and stayed on my mission. Don’t build consumer apps. Only b2b. Consumer apps are so hard, like a lottery. It’s just 0.00001% who make it big. The rest don’t. Even if I got many users, then there is a monetization challenge. I’ve spent 4 years in consumer apps and regret it. Don’t hold on bad project for too long, max 1 year. Some projects just don’t work. In most cases, it’s either the idea that’s so wrong that I can’t even pivot it or it’s a team that is good one by one but can’t make it as a team. Don’t drag this out for years. Tech conferences are a waste of time. They cost money, take energy, and time and I never really meet anyone there. Most people there are the “good” employees of corporations who were sent there as a perk for being loyal to the corporation. Very few fellow makers. Scrum is a Scam. For small teams and bootstrapped teams. If I had a team that had to be nagged every morning with questions as if they were children in kindergarten, then things would eventually fail. The only good stuff I managed to do happened with people who were grownups and could manage their stuff on their own. We would just do everything over chat as a sync on goals and plans. Outsource nothing at all until PMF. In a startup, almost everything needs to be done in a slightly different way, more creative, and more integrated into the vision. When outsourcing, the external members get no love and no case for the product. It’s just yet another assignment in their boring job. Instead of coming up with great ideas for my project they will be just focusing on ramping up their skills to get a promotion or a better job offer. Bootstrap. I spent way too much time raising money. I raised more than 10 times, preseed, seeded, and series A. But each time it was a 3-9 month project, meetings every week, and lots of destruction. I could afford to bootstrap, but I still went the VC-funded way, I don’t know why. To be honest, I didn’t know bootstrapping was a thing I could do or anyone does. It may take a decade. When I was 20, I was convinced it takes a few years to build and succeed with a startup. So I kept pushing my plans forward, to do it once I exited. Family, kids. I wish I married earlier. I wish I had kids earlier. No Free Tier. I'd launch a tool with a free tier, and it'd get sign-ups, but very few would convert. I'd treat free sign-ups as KPIs and run on it for years. I'd brag about signups and visitors. I'd even raise VC money with these stats. But eventually, I would fail to reach PMF. Because my main feedback would come from free users and the product turned into a perfect free product. Once I switched to "paid only" until I validated the product, things went really well. Free and paid users often need different products. Don't fall into this trap as I did. Being To Cheap. I always started by checking all competitors and setting the lowest price. I thought this would be one of the key advantages of my product. But no, I was wrong. The audience on $5 and $50 are totally different. $5: pain in the \*ss, never happy, never recommend me to a friend, leave in 4 months. $50: polite, give genuine feedback, happy, share with friends, become my big fan if I solve their request. I will fail. When I started my first startup. I thought if I did everything right, it would work out. But it turned out that almost every startup fails. I wish I knew that and I tried to fail faster, to get to the second iteration, then to the third, and keep going on, until I either find out nothing works or make it work. Use boilerplates. I wasted years of dev time and millions of VC money to pay for basic things. To build yet another sidebar, yet another dashboard, and payment integration... I had too much pride, I couldn't see myself taking someone else code as a basis for my product. I wanted it to be 100% mine, original, from scratch. Because my product seems special to me. Spend more time with Family & Friends. I missed the weddings of all my best friends and family. I was so busy. I thought if I didn't do it on time, the world would end. Looking back today, it was so wrong. I meet my friends and can't share those memories with them, which makes me very sad. I realized now, that spending 10% of my time with family and friends would practically make no negative impact on my startups. Build Products For Audiences I Love. I never thought of this. I'd often build products either for corporates, consumers, or for developers. It turns out I have no love for all 3. But I deeply love indie founders. Because they are risk-takers and partly kids in their hearts. Once I switched the focus to indie makers on my products, my level of joy increased by 100x for me. Ignore Badges and Awards I was chasing those awards just like everyone else. Going to ceremonies, signing up for events and stuff. I've won tons of awards, but none of those were eventually useful to my business. I better focused on my business and users. Write Every Single Day. When I was a kid, I loved writing stories. In school, they would give an assignment, and I'd often write a long story for it, however, the teacher would put an F on it. The reason was simple, I had an issue with the direction of the letters and the sequence of letters in the words. I still have it, it's just the Grammarly app helping me to correct these issues. So the teacher would fail my stories because almost every sentence had a spelling mistake that I couldn't even see. It made me think I'm made at writing. So I stopped, for 15 years. But I kept telling stories all these years. Recently I realized that in any group, the setup ends up turning into me telling stories to everyone. So I tried it all again, here on X 10 months ago. I love it, the process, the feedback from people. I write every day. I wish I had done it all these years. The End. \ this is an updated version of my post on the same topic from 2 months ago. I've edited some of the points and added 9 new ones.* \\ This is not advice, it's my self-reflection that might help you avoid same mistakes if you think those were mistakes

How a Small Startup in Asia Secured a Contract with the US Department of Homeland Security
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How a Small Startup in Asia Secured a Contract with the US Department of Homeland Security

Uzair Javaid, a Ph.D. with a passion for data privacy, co-founded Betterdata to tackle one of AI's most pressing challenges: protecting privacy while enabling innovation. Recently, Betterdata secured a lucrative contract with the US Department of Homeland Security, 1 of only 4 companies worldwide to do so and the only one in Asia. Here's how he did it: The Story So what's your story? I grew up in Peshawar, Pakistan, excelling in coding despite studying electrical engineering. Inspired by my professors, I set my sights on studying abroad and eventually earned a Ph.D. scholarship at NUS Singapore, specializing in data security and privacy. During my research, I ethically hacked Ethereum and published 15 papers—three times the requirement. While wrapping up my Ph.D., I explored startup ideas and joined Entrepreneur First, where I met Kevin Yee. With his expertise in generative models and mine in privacy, we founded Betterdata. Now, nearly three years in, we’ve secured a major contract with the U.S. Department of Homeland Security—one of only four companies globally and the only one from Asia. The Startup In a nutshell, what does your startup do? Betterdata is a startup that uses AI and synthetic data generation to address two major challenges: data privacy and the scarcity of high-quality data for training AI models. By leveraging generative models and privacy-enhancing technologies, Betterdata enables businesses, such as banks, to use customer data without breaching privacy regulations. The platform trains AI on real data, learns its patterns, and generates synthetic data that mimics the real thing without containing any personal or sensitive information. This allows companies to innovate and develop AI solutions safely and ethically, all while tackling the growing need for diverse, high-quality data in AI development. How did you conduct ideation and validation for your startup? The initial idea for Betterdata came from personal experience. During my Ph.D., I ethically hacked Ethereum’s blockchain, exposing flaws in encryption-based data sharing. This led me to explore AI-driven deep synthesis technology—similar to deepfakes but for structured data privacy. With GDPR impacting 28M+ businesses, I saw a massive opportunity to help enterprises securely share data while staying compliant. To validate the idea, I spoke to 50 potential customers—a number that strikes the right balance. Some say 100, but that’s impractical for early-stage founders. At 50, patterns emerge: if 3 out of 10 mention the same problem, and this repeats across 50, you have 10–15 strong signals, making it a solid foundation for an MVP. Instead of outbound sales, which I dislike, we used three key methods: Account-Based Marketing (ABM)—targeting technically savvy users with solutions for niche problems, like scaling synthetic data for banks. Targeted Content Marketing—regular customer conversations shaped our thought leadership and outreach. Raising Awareness Through Partnerships—collaborating with NUS, Singapore’s PDPC, and Plug and Play to build credibility and educate the market. These strategies attracted serious customers willing to pay, guiding Betterdata’s product development and market fit. How did you approach the initial building and ongoing product development? In the early stages, we built synthetic data generation algorithms and a basic UI for proof-of-concept, using open-source datasets to engage with banks. We quickly learned that banks wouldn't share actual customer data due to privacy concerns, so we had to conduct on-site installations and gather feedback to refine our MVP. Through continuous consultation with customers, we discovered real enterprise data posed challenges, such as missing values, which led us to adapt our prototype accordingly. This iterative approach of listening to customer feedback and observing their usage allowed us to improve our product, enhance UX, and address unmet needs while building trust and loyalty. Working closely with our customers also gives us a data advantage. Our solution’s effectiveness depends on customer data, which we can't fully access, but bridging this knowledge gap gives us a competitive edge. The more customers we test on, the more our algorithms adapt to diverse use cases, making it harder for competitors to replicate our insights. My approach to iteration is simple: focus solely on customer feedback and ignore external noise like trends or advice. The key question for the team is: which customer is asking for this feature or solution? As long as there's a clear answer, we move forward. External influences, such as AI hype, often bring more confusion than clarity. True long-term success comes from solving real customer problems, not chasing trends. Customers may not always know exactly what they want, but they understand their problems. Our job is to identify these problems and solve them in innovative ways. While customers may suggest specific features, we stay focused on solving the core issue rather than just fulfilling their exact requests. The idea aligns with the quote often attributed to Henry Ford: "If I asked people what they wanted, they would have said faster horses." The key is understanding their problems, not just taking requests at face value. How do you assess product-market fit? To assess product-market fit, we track two key metrics: Customers' Willingness to Pay: We measure both the quantity and quality of meetings with potential customers. A high number of meetings with key decision-makers signals genuine interest. At Betterdata, we focused on getting meetings with people in banks and large enterprises to gauge our product's resonance with the target market. How Much Customers Are Willing to Pay: We monitor the price customers are willing to pay, especially in the early stages. For us, large enterprises, like banks, were willing to pay a premium for our synthetic data platform due to the growing need for privacy tech. This feedback guided our product refinement and scaling strategy. By focusing on these metrics, we refined our product and positioned it for scaling. What is your business model? We employ a structured, phase-driven approach for out business model, as a B2B startup. I initially struggled with focusing on the core value proposition in sales, often becoming overly educational. Eventually, we developed a product roadmap with models that allowed us to match customer needs to specific offerings and justify our pricing. Our pricing structure includes project-based pilots and annual contracts for successful deployments. At Betterdata, our customer engagement unfolds across three phases: Phase 1: Trial and Benchmarking \- We start with outreach and use open-source datasets to showcase results, offering customers a trial period to evaluate the solution. Phase 2: Pilot or PoC \- After positive trial results, we conduct a PoC or pilot using the customer’s private data, with the understanding that successful pilots lead to an annual contract. Phase 3: Multi-Year Contracts \- Following a successful pilot, we transition to long-term commercial contracts, focusing on multi-year agreements to ensure stability and ongoing partnerships. How do you do marketing for your brand? We take a non-conventional approach to marketing, focusing on answering one key question: Which customers are willing to pay, and how much? This drives our messaging to show how our solution meets their needs. Our strategy centers around two main components: Building a network of lead magnets \- These are influential figures like senior advisors, thought leaders, and strategic partners. Engaging with institutions like IMDA, SUTD, and investors like Plug and Play helps us gain access to the right people and foster warm introductions, which shorten our sales cycle and ensure we’re reaching the right audience. Thought leadership \- We build our brand through customer traction, technology evidence, and regulatory guidelines. This helps us establish credibility in the market and position ourselves as trusted leaders in our field. This holistic approach has enabled us to navigate diverse market conditions in Asia and grow our B2B relationships. By focusing on these areas, we drive business growth and establish strong trust with stakeholders. What's your advice for fundraising? Here are my key takeaways for other founders when it comes to fundraising: Fundraise When You Don’t Need To We closed our seed round in April 2023, a time when we weren't actively raising. Founders should always be in fundraising mode, even when they're not immediately in need of capital. Don’t wait until you have only a few months of runway left. Keep the pipeline open and build relationships. When the timing is right, execution becomes much easier. For us, our investment came through a combination of referrals and inbound interest. Even our lead investor initially rejected us, but after re-engaging, things eventually fell into place. It’s crucial to stay humble, treat everyone with respect, and maintain those relationships for when the time is right. Be Mindful of How You Present Information When fundraising, how you present information matters a lot. We created a comprehensive, easily digestible investment memo, hosted on Notion, which included everything an investor might need—problem, solution, market, team, risks, opportunities, and data. The goal was for investors to be able to get the full picture within 30 minutes without chasing down extra details. We also focused on making our financial model clear and meaningful, even though a 5-year forecast might be overkill at the seed stage. The key was clarity and conciseness, and making it as easy as possible for investors to understand the opportunity. I learned that brevity and simplicity are often the best ways to make a memorable impact. For the pitch itself, keep it simple and focus on 4 things: problem, solution, team, and market. If you can summarize each of these clearly and concisely, you’ll have a compelling pitch. Later on, you can expand into market segments, traction, and other metrics, but for seed-stage, focus on those four areas, and make sure you’re strong in at least three of them. If you do, you'll have a compelling case. How do you run things day-to-day? i.e what's your operational workflow and team structure? Here's an overview of our team structure and process: Internally: Our team is divided into two main areas: backend (internal team) and frontend (market-facing team). There's no formal hierarchy within the backend team. We all operate as equals, defining our goals based on what needs to be developed, assigning tasks, and meeting weekly to share updates and review progress. The focus is on full ownership of tasks and accountability for getting things done. I also contribute to product development, identifying challenges and clearing obstacles to help the team move forward. Backend Team: We approach tasks based on the scope defined by customers, with no blame or hierarchy. It's like a sports team—sometimes someone excels, and other times they struggle, but we support each other and move forward together. Everyone has the creative freedom to work in the way that suits them best, but we establish regular meetings and check-ins to ensure alignment and progress. Frontend Team: For the market-facing side, we implement a hierarchy because the market expects this structure. If I present myself as "CEO," it signals authority and credibility. This distinction affects how we communicate with the market and how we build our brand. The frontend team is split into four main areas: Business Product (Software Engineering) Machine Learning Engineering R&D The C-suite sits at the top, followed by team leads, and then the executors. We distill market expectations into actionable tasks, ensuring that everyone is clear on their role and responsibilities. Process: We start by receiving market expectations and defining tasks based on them. Tasks are assigned to relevant teams, and execution happens with no communication barriers between team members. This ensures seamless collaboration and focused execution. The main goal is always effectiveness—getting things done efficiently while maintaining flexibility in how individuals approach their work. In both teams, there's an emphasis on accountability, collaboration, and clear communication, but the structure varies according to the nature of the work and external expectations.

How a founder built a B2B AI startup to serve with 65+ global brands (including Fortune500 companies)
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How a founder built a B2B AI startup to serve with 65+ global brands (including Fortune500 companies)

AI Palette is an AI-driven platform that helps food and beverage companies predict emerging product trends. I had the opportunity recently to sit down with the founder to get his advice on building an AI-first startup, which he'll be going through in this post. About AI Palette: Co-founders: >!2 (Somsubhra GanChoudhuri, Himanshu Upreti)!!100+!!$12.7M USD!!AI-powered predictive analytics for the CPG (Consumer Packaged Goods) industry!!Signed first paying customer in the first year!!65+ global brands, including Cargill, Diageo, Ajinomoto, Symrise, Mondelez, and L’Oréal, use AI Palette!!Every new product launched has secured a paying client within months!!Expanded into Beauty & Personal Care (BPC), onboarding one of India’s largest BPC companies within weeks!!Launched multiple new product lines in the last two years, creating a unified suite for brand innovation!Identify the pain points in your industry for ideas* When I was working in the flavour and fragrance industry, I noticed a major issue CPG companies faced: launching a product took at least one to two years. For instance, if a company decided today to launch a new juice, it wouldn’t hit the market until 2027. This long timeline made it difficult to stay relevant and on top of trends. Another big problem I noticed was that companies relied heavily on market research to determine what products to launch. While this might work for current consumer preferences, it was highly inefficient since the product wouldn’t actually reach the market for several years. By the time the product launched, the consumer trends had already shifted, making that research outdated. That’s where AI can play a crucial role. Instead of looking at what consumers like today, we realised that companies should use AI to predict what they will want next. This allows businesses to create products that are ahead of the curve. Right now, the failure rate for new product launches is alarmingly high, with 8 out of 10 products failing. By leveraging AI, companies can avoid wasting resources on products that won’t succeed, leading to better, more successful launches. Start by talking to as many industry experts as possible to identify the real problems When we first had the idea for AI Palette, it was just a hunch, a gut feeling—we had no idea whether people would actually pay for it. To validate the idea, we reached out to as many people as we could within the industry. Since our focus area was all about consumer insights, we spoke to professionals in the CPG sector, particularly those in the insights departments of CPG companies. Through these early conversations, we began to see a common pattern emerge and identified the exact problem we wanted to solve. Don’t tell people what you’re building—listen to their frustrations and challenges first. Going into these early customer conversations, our goal was to listen and understand their challenges without telling them what we were trying to build. This is crucial as it ensures that you can gather as much data about the problem to truly understand it and that you aren't biasing their answers by showing your solution. This process helped us in two key ways: First, it validated that there was a real problem in the industry through the number of people who spoke about experiencing the same problem. Second, it allowed us to understand the exact scale and depth of the problem—e.g., how much money companies were spending on consumer research, what kind of tools they were currently using, etc. Narrow down your focus to a small, actionable area to solve initially. Once we were certain that there was a clear problem worth solving, we didn’t try to tackle everything at once. As a small team of two people, we started by focusing on a specific area of the problem—something big enough to matter but small enough for us to handle. Then, we approached customers with a potential solution and asked them for feedback. We learnt that our solution seemed promising, but we wanted to validate it further. If customers are willing to pay you for the solution, it’s a strong validation signal for market demand. One of our early customer interviewees even asked us to deliver the solution, which we did manually at first. We used machine learning models to analyse the data and presented the results in a slide deck. They paid us for the work, which was a critical moment. It meant we had something with real potential, and we had customers willing to pay us before we had even built the full product. This was the key validation that we needed. By the time we were ready to build the product, we had already gathered crucial insights from our early customers. We understood the specific information they wanted and how they wanted the results to be presented. This input was invaluable in shaping the development of our final product. Building & Product Development Start with a simple concept/design to validate with customers before building When we realised the problem and solution, we began by designing the product, but not by jumping straight into coding. Instead, we created wireframes and user interfaces using tools like InVision and Figma. This allowed us to visually represent the product without the need for backend or frontend development at first. The goal was to showcase how the product would look and feel, helping potential customers understand its value before we even started building. We showed these designs to potential customers and asked for feedback. Would they want to buy this product? Would they pay for it? We didn’t dive into actual development until we found a customer willing to pay a significant amount for the solution. This approach helped us ensure we were on the right track and didn’t waste time or resources building something customers didn’t actually want. Deliver your solution using a manual consulting approach before developing an automated product Initially, we solved problems for customers in a more "consulting" manner, delivering insights manually. Recall how I mentioned that when one of our early customer interviewees asked us to deliver the solution, we initially did it manually by using machine learning models to analyse the data and presenting the results to them in a slide deck. This works for the initial stages of validating your solution, as you don't want to invest too much time into building a full-blown MVP before understanding the exact features and functionalities that your users want. However, after confirming that customers were willing to pay for what we provided, we moved forward with actual product development. This shift from a manual service to product development was key to scaling in a sustainable manner, as our building was guided by real-world feedback and insights rather than intuition. Let ongoing customer feedback drive iteration and the product roadmap Once we built the first version of the product, it was basic, solving only one problem. But as we worked closely with customers, they requested additional features and functionalities to make it more useful. As a result, we continued to evolve the product to handle more complex use cases, gradually developing new modules based on customer feedback. Product development is a continuous process. Our early customers pushed us to expand features and modules, from solving just 20% of their problems to tackling 50–60% of their needs. These demands shaped our product roadmap and guided the development of new features, ultimately resulting in a more complete solution. Revenue and user numbers are key metrics for assessing product-market fit. However, critical mass varies across industries Product-market fit (PMF) can often be gauged by looking at the size of your revenue and the number of customers you're serving. Once you've reached a certain critical mass of customers, you can usually tell that you're starting to hit product-market fit. However, this critical mass varies by industry and the type of customers you're targeting. For example, if you're building an app for a broad consumer market, you may need thousands of users. But for enterprise software, product-market fit may be reached with just a few dozen key customers. Compare customer engagement and retention with other available solutions on the market for product-market fit Revenue and the number of customers alone isn't always enough to determine if you're reaching product-market fit. The type of customer and the use case for your product also matter. The level of engagement with your product—how much time users are spending on the platform—is also an important metric to track. The more time they spend, the more likely it is that your product is meeting a crucial need. Another way to evaluate product-market fit is by assessing retention, i.e whether users are returning to your platform and relying on it consistently, as compared to other solutions available. That's another key indication that your solution is gaining traction in the market. Business Model & Monetisation Prioritise scalability Initially, we started with a consulting-type model where we tailor-made specific solutions for each customer use-case we encountered and delivered the CPG insights manually, but we soon realized that this wasn't scalable. The problem with consulting is that you need to do the same work repeatedly for every new project, which requires a large team to handle the workload. That is not how you sustain a high-growth startup. To solve this, we focused on building a product that would address the most common problems faced by our customers. Once built, this product could be sold to thousands of customers without significant overheads, making the business scalable. With this in mind, we decided on a SaaS (Software as a Service) business model. The benefit of SaaS is that once you create the software, you can sell it to many customers without adding extra overhead. This results in a business with higher margins, where the same product can serve many customers simultaneously, making it much more efficient than the consulting model. Adopt a predictable, simplistic business model for efficiency. Look to industry practices for guidance When it came to monetisation, we considered the needs of our CPG customers, who I knew from experience were already accustomed to paying annual subscriptions for sales databases and other software services. We decided to adopt the same model and charge our customers an annual upfront fee. This model worked well for our target market, aligning with industry standards and ensuring stable, recurring revenue. Moreover, our target CPG customers were already used to this business model and didn't have to choose from a huge variety of payment options, making closing sales a straightforward and efficient process. Marketing & Sales Educate the market to position yourself as a thought leader When we started, AI was not widely understood, especially in the CPG industry. We had to create awareness around both AI and its potential value. Our strategy focused on educating potential users and customers about AI, its relevance, and why they should invest in it. This education was crucial to the success of our marketing efforts. To establish credibility, we adopted a thought leadership approach. We wrote blogs on the importance of AI and how it could solve problems for CPG companies. We also participated in events and conferences to demonstrate our expertise in applying AI to the industry. This helped us build our brand and reputation as leaders in the AI space for CPG, and word-of-mouth spread as customers recognized us as the go-to company for AI solutions. It’s tempting for startups to offer products for free in the hopes of gaining early traction with customers, but this approach doesn't work in the long run. Free offerings don’t establish the value of your product, and customers may not take them seriously. You should always charge for pilots, even if the fee is minimal, to ensure that the customer is serious about potentially working with you, and that they are committed and engaged with the product. Pilots/POCs/Demos should aim to give a "flavour" of what you can deliver A paid pilot/POC trial also gives you the opportunity to provide a “flavour” of what your product can deliver, helping to build confidence and trust with the client. It allows customers to experience a detailed preview of what your product can do, which builds anticipation and desire for the full functionality. During this phase, ensure your product is built to give them a taste of the value you can provide, which sets the stage for a broader, more impactful adoption down the line. Fundraising & Financial Management Leverage PR to generate inbound interest from VCs When it comes to fundraising, our approach was fairly traditional—we reached out to VCs and used connections from existing investors to make introductions. However, looking back, one thing that really helped us build momentum during our fundraising process was getting featured in Tech in Asia. This wasn’t planned; it just so happened that Tech in Asia was doing a series on AI startups in Southeast Asia and they reached out to us for an article. During the interview, they asked if we were fundraising, and we mentioned that we were. As a result, several VCs we hadn’t yet contacted reached out to us. This inbound interest was incredibly valuable, and we found it far more effective than our outbound efforts. So, if you can, try to generate some PR attention—it can help create inbound interest from VCs, and that interest is typically much stronger and more promising than any outbound strategies because they've gone out of their way to reach out to you. Be well-prepared and deliberate about fundraising. Keep trying and don't lose heart When pitching to VCs, it’s crucial to be thoroughly prepared, as you typically only get one shot at making an impression. If you mess up, it’s unlikely they’ll give you a second chance. You need to have key metrics at your fingertips, especially if you're running a SaaS company. Be ready to answer questions like: What’s your retention rate? What are your projections for the year? How much will you close? What’s your average contract value? These numbers should be at the top of your mind. Additionally, fundraising should be treated as a structured process, not something you do on the side while juggling other tasks. When you start, create a clear plan: identify 20 VCs to reach out to each week. By planning ahead, you’ll maintain momentum and speed up the process. Fundraising can be exhausting and disheartening, especially when you face multiple rejections. Remember, you just need one investor to say yes to make it all worthwhile. When using funds, prioritise profitability and grow only when necessary. Don't rely on funding to survive. In the past, the common advice for startups was to raise money, burn through it quickly, and use it to boost revenue numbers, even if that meant operating at a loss. The idea was that profitability wasn’t the main focus, and the goal was to show rapid growth for the next funding round. However, times have changed, especially with the shift from “funding summer” to “funding winter.” My advice now is to aim for profitability as soon as possible and grow only when it's truly needed. For example, it’s tempting to hire a large team when you have substantial funds in the bank, but ask yourself: Do you really need 10 new hires, or could you get by with just four? Growing too quickly can lead to unnecessary expenses, so focus on reaching profitability as soon as possible, rather than just inflating your team or burn rate. The key takeaway is to spend your funds wisely and only when absolutely necessary to reach profitability. You want to avoid becoming dependent on future VC investments to keep your company afloat. Instead, prioritize reaching break-even as quickly as you can, so you're not reliant on external funding to survive in the long run. Team-Building & Leadership Look for complementary skill sets in co-founders When choosing a co-founder, it’s important to find someone with a complementary skill set, not just someone you’re close to. For example, I come from a business and commercial background, so I needed someone with technical expertise. That’s when I found my co-founder, Himanshu, who had experience in machine learning and AI. He was a great match because his technical knowledge complemented my business skills, and together we formed a strong team. It might seem natural to choose your best friend as your co-founder, but this can often lead to conflict. Chances are, you and your best friend share similar interests, skills, and backgrounds, which doesn’t bring diversity to the table. If both of you come from the same industry or have the same strengths, you may end up butting heads on how things should be done. Having diverse skill sets helps avoid this and fosters a more collaborative working relationship. Himanshu (left) and Somsubhra (right) co-founded AI Palette in 2018 Define roles clearly to prevent co-founder conflict To avoid conflict, it’s essential that your roles as co-founders are clearly defined from the beginning. If your co-founder and you have distinct responsibilities, there is no room for overlap or disagreement. This ensures that both of you can work without stepping on each other's toes, and there’s mutual respect for each other’s expertise. This is another reason as to why it helps to have a co-founder with a complementary skillset to yours. Not only is having similar industry backgrounds and skillsets not particularly useful when building out your startup, it's also more likely to lead to conflicts since you both have similar subject expertise. On the other hand, if your co-founder is an expert in something that you're not, you're less likely to argue with them about their decisions regarding that aspect of the business and vice versa when it comes to your decisions. Look for employees who are driven by your mission, not salary For early-stage startups, the first hires are crucial. These employees need to be highly motivated and excited about the mission. Since the salary will likely be low and the work demanding, they must be driven by something beyond just the paycheck. The right employees are the swash-buckling pirates and romantics, i.e those who are genuinely passionate about the startup’s vision and want to be part of something impactful beyond material gains. When employees are motivated by the mission, they are more likely to stick around and help take the startup to greater heights. A litmus test for hiring: Would you be excited to work with them on a Sunday? One of the most important rounds in the hiring process is the culture fit round. This is where you assess whether a candidate shares the same values as you and your team. A key question to ask yourself is: "Would I be excited to work with this person on a Sunday?" If there’s any doubt about your answer, it’s likely not a good fit. The idea is that you want employees who align with the company's culture and values and who you would enjoy collaborating with even outside of regular work hours. How we structure the team at AI Palette We have three broad functions in our organization. The first two are the big ones: Technical Team – This is the core of our product and technology. This team is responsible for product development and incorporating customer feedback into improving the technology Commercial Team – This includes sales, marketing, customer service, account managers, and so on, handling everything related to business growth and customer relations. General and Administrative Team – This smaller team supports functions like finance, HR, and administration. As with almost all businesses, we have teams that address the two core tasks of building (technical team) and selling (commercial team), but given the size we're at now, having the administrative team helps smoothen operations. Set broad goals but let your teams decide on execution What I've done is recruit highly skilled people who don't need me to micromanage them on a day-to-day basis. They're experts in their roles, and as Steve Jobs said, when you hire the right person, you don't have to tell them what to do—they understand the purpose and tell you what to do. So, my job as the CEO is to set the broader goals for them, review the plans they have to achieve those goals, and periodically check in on progress. For example, if our broad goal is to meet a certain revenue target, I break it down across teams: For the sales team, I’ll look at how they plan to hit that target—how many customers they need to sell to, how many salespeople they need, and what tactics and strategies they plan to use. For the technical team, I’ll evaluate our product offerings—whether they think we need to build new products to attract more customers, and whether they think it's scalable for the number of customers we plan to serve. This way, the entire organization's tasks are cascaded in alignment with our overarching goals, with me setting the direction and leaving the details of execution to the skilled team members that I hire.

Thoughts on FasterCapital VC?
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Momof3rascalsThis week

Thoughts on FasterCapital VC?

TLDR: I pitched to FasterCapital and got an "offer". Trying to figure out if this is a legitimate opportunity or a waste of my time. I'm not familiar with VCs and hadn't considered actually getting an investor on board with my plan. I sent my pitch deck to FasterCapital, honestly not expecting a response. It was my first pitch deck and a complete long shot. I ended up getting a response, they asked me for clarification on a few things. Than I get this email about what they are offering here's the main part We specialize in warm introductions to angel investors, VCs, and HNWIs, ensuring you connect with the right investors through personalized recommendations—not ineffective mass email campaigns. Cold outreach, such as LinkedIn messages, rarely succeeds, as investors receive hundreds of such requests and disregard them. To raise money, you need a strong partner like ourselves who has a wide network and direct connection with those angel investors built throughout 10 years. You can see some of the reviews of the startups we have helped attached and reviews on independent sites. Based on our experience and the matching that we have done already on our own AI system and for raising $55M-$65M in 5 years, a suitable package in your case is $50k - $64k and the chances of raising money is %87 - %93, but you were accepted in the exceptional rising star offer, where you pay half of that amount as an advance which is $25k-$32k and the other half ONLY when we raise you the first $1M. Other startups in our standard offers pays double that amount. First, I don't understand all of it, except for the "where you pay half of that amount as an advance which is $25k-$32k" I am no where near being able to come close to that, mostly because if I had that much, I wouldn't apply to a VC. I responded and politely told her that was not something our company could financially do right now. Than this email Thanks for your kind reply. We are flexible on paying this amount into monthly installments. We offer money back guarantee if we didn't raise the capital in 6 months from signing. This is how much we are confident with our approach of warm introductions. Raising the first amount of money and getting the first investor onboard is the most challenging part. You need time to build trust and network of investors. You need to have a good partner to help you. Please note that the down payment is for raising at least $55M over five years as we are interested in long-term partnership to raise multiple rounds because we make money through the commission. Companies take only commission or success fee are doing cold introductions and mass emails and this approach has low chances of success when it comes to raising capital. It is about the chances of success. You can talk to these companies and ask them about their success rate. Mass emails campaign has zero chances of success.  We have helped more than 742 startups raise more than $2.2B. Our network includes 155,000 angel investors and more than 50K funding institutions (VCs, HNI, family offices..etc). We have been in this business for more than 10 years. We have more than 92% success rate in our program so far. So if you are familiar with VC, Is this an actual opportunity. I have a tendency to jump or dive head first into things. As much as I want to get excited because this would be the jumpstart to most of my goals and ambitions. I'm not familiar with VCs. I have bootstrapped all my ventures so far.

Started a content marketing agency 6 years ago - $0 to $5,974,324 (2023 update)
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mr_t_forhireThis week

Started a content marketing agency 6 years ago - $0 to $5,974,324 (2023 update)

Hey friends, My name is Tyler and for the past 6 years, I’ve been documenting my experience building a content marketing agency called Optimist. Year 1 - 0 to $500k ARR Year 2 - $500k to $1MM ARR Year 3 - $1MM ARR to $1.5MM(ish) ARR Year 4 - $3,333,686 Revenue Year 5 - $4,539,659 Revenue How Optimist Works First, an overview/recap of the Optimist business model: We operate as a “collective” of full time/professional freelancers Everyone aside from me is a contractor Entirely remote/distributed team Each freelancer earns $65-85/hour Clients pay us a flat monthly fee for full-service content marketing (research, strategy, writing, editing, design/photography, reporting and analytics, targeted linkbuilding, and more) We recently introduced hourly engagements for clients who fit our model but have some existing in-house support Packages range in price from $10-20k/mo We offer profit share to everyone on our core team as a way to give everyone ownership in the company In 2022, we posted $1,434,665 in revenue. It was our highest revenue year to date and brings our lifetime total to $5,974,324. Here’s our monthly revenue from January 2017 to December of 2022. But, like every year, it was a mix of ups and downs. Here’s my dispatch for 2023. — Running a business is like spilling a drink. It starts as a small and simple thing. But, if you don’t clean it up, the spill will spread and grow — taking up more space, seeping into every crack. There’s always something you could be doing. Marketing you could be working on. Pitches you could be making. Networking you could be doing. Client work you could help with. It can be all-consuming. And it will be — if you don’t clean up the spill. I realized this year that I had no containment for the spill that I created. Running an agency was spilling over into nearly every moment of my life. When I wasn’t working, I was thinking about work. When I wasn’t thinking about work, I was dreaming about it. Over the years, I’ve shared about a lot of my personal feelings and experience as an entrepreneur. And I also discussed my reckoning with the limitations of running the business we’ve built. My acceptance that it was an airplane but not a rocket. And my plan to try to compartmentalize the agency to make room in my life for other things — new business ideas, new revenue streams, and maybe some non-income-producing activity. 🤷 What I found in 2022 was that the business wasn’t quite ready for me to make that move. It was still sucking up too much of my time and attention. There were still too many gaps to fill and I was the one who was often filling them. So what do you do? Ultimately you have two choices on the table anytime you run a business and it’s not going the way you want it: Walk away Turn the ship — slowly For a huge number of reasons (personal, professional, financial, etc), walking away from Optimist was not really even an option or the right move for me. But it did feel like things needed to change. I needed to keep turning the ship to get it to the place where it fit into my life — instead of my life fitting around the business. This means 2022 was a year of transition for the agency. (Again?) Refocusing on Profit Some money is better than no money. Right? Oddly, this was one of the questions I found myself asking in 2022. Over the years, we’ve been fortunate to have many clients who have stuck with us a long time. In some cases, we’ve had clients work with us for 2, 3, or even 4 years. (That’s over half of our existence!) But, things have gotten more expensive — we’ve all felt it. We’ve had to increase pay to remain competitive for top talent. Software costs have gone up. It’s eaten into our margin. Because of our increasing costs and evolving scope, many of our best, most loyal clients were our least profitable. In fact, many were barely profitable — if at all. We’ve tried to combat that by increasing rates on new, incoming clients to reflect our new costs and try to make up for shrinking margin on long-term clients. But we didn’t have a good strategy in place for updating pricing for current clients. And it bit us in the ass. Subsidizing lower-profit, long-term clients with new, higher-margin clients ultimately didn’t work out. Our margins continued to dwindle and some months we were barely breaking even while posting six-figures of monthly revenue. 2022 was our highest revenue year but one of our least profitable. It only left one option. We had to raise rates on some of our long-term clients. But, of course, raising rates on a great, long-term client can be delicate. You’ve built a relationship with these people over the years and you’re setting yourself up for an ultimatum — are you more valuable to the client or is the client more valuable to you? Who will blink first? We offered all of these clients the opportunity to move to updated pricing. Unfortunately, some of them weren’t on board. Again, we had 2 options: Keep them at a low/no profit rate Let them churn It seems intuitive that having a low-profit client is better than having no client. But we’ve learned an important lesson many times over the years. Our business doesn’t scale infinitely and we can only handle so many clients at a time. That means that low-profit clients are actually costing us money in some cases. Say our average client generates $2,500 per month in profit — $30,000 per year. If one of our clients is only generating $500/mo in profit, working with them means missing out on bringing on a more profitable client (assuming our team is currently at capacity). Instead of $30,000/year, we’re only making $6,000. Keeping that client costs us $24,000. That’s called opportunity cost. So it’s clear: We had to let these clients churn. We decided to churn about 25% of our existing clients. On paper, the math made sense. And we had a pretty consistent flow of new opportunities coming our way. At the time, it felt like a no-brainer decision. And I felt confident that we could quickly replace these low-profit clients with higher-margin ones. I was wrong. Eating Shit Right after we initiated proactively churning some of our clients, other clients — ones we planned to keep — gave us notice that they were planning to end the engagement. Ouch. Fuck. We went from a 25% planned drop in revenue to a nearly 40% cliff staring us right in the face. Then things got even worse. Around Q3 of this year, talk of recession and layoffs really started to intensify. We work primarily with tech companies and startups. And these were the areas most heavily impacted by the economic news. Venture funding was drying up. Our leads started to slow down. This put us in a tough position. Looking back now, I think it’s clear that I made the wrong decision. We went about this process in the wrong way. The reality sinks in when you consider the imbalance between losing a client and gaining a client. It takes 30 days for someone to fire us. It’s a light switch. But it could take 1-3 months to qualify, close, and onboard a new client. We have lots of upfront work, research, and planning that goes into the process. We have to learn a new brand voice, tone, and style. It’s a marathon. So, for every client we “trade”, there’s a lapse in revenue and work. This means that, in retrospect, I would probably have made this transition using some kind of staggered schedule rather than a cut-and-dry approach. We could have gradually off-boarded clients when we had more definitive work to replace them. I was too confident. But that’s a lesson I had to learn the hard way. Rebuilding & Resetting Most of the voluntary and involuntary churn happened toward the end of 2022. So we’re still dealing with the fall out. Right now, it feels like a period of rebuilding. We didn’t quite lose 50% of our revenue, but we definitely saw a big hit heading into 2023. To be transparent: It sucks. It feels like a gigantic mistake that I made which set us back significantly from our previous high point. I acted rashly and it cost us a lot of money — at least on the surface. But I remind myself of the situation we were in previously. Nearly twice the revenue but struggling to maintain profitability. Would it have been better to try to slowly fix that situation and battle through months of loss or barely-break-even profits? Or was ripping off the bandaid the right move after all? I’m an optimist. (Heh, heh) Plus, I know that spiraling over past decisions won’t change them or help me move forward. So I’m choosing to look at this as an opportunity — to rebuild, reset, and refocus the company. I get to take all of the tough lessons I’ve learned over the last 6 years and apply them to build the company in a way that better aligns with our new and current goals. It’s not quite a fresh, clean start, but by parting ways with some of our oldest clients, we’ve eliminated some of the “debt” that’s accumulated over the years. We get a chance to fully realize the new positioning that we rolled out last year. Many of those long-term clients who churned had a scope of work or engagement structure that didn’t fit with our new positioning and focus. So, by losing them, we’re able to completely close up shop on the SOWs that no longer align with the future version of Optimist. Our smaller roster of clients is a better fit for that future. My job is to protect that positioning by ensuring that while we’re rebuilding our new roster of clients we don’t get desperate. We maintain the qualifications we set out for future clients and only take on work that fits. How’s that for seeing the upside? Some other upside from the situation is that we got an opportunity to ask for candid feedback from clients who were leaving. We asked for insight about their decision, what factors they considered, how they perceived us, and the value of our work. Some of the reasons clients left were obvious and possibly unavoidable. Things like budget cuts, insourcing, and uncertainty about the economy all played at least some part of these decisions. But, reading between the lines, where was one key insight that really struck me. It’s one of those, “oh, yeah — duh — I already knew that,” things that can be difficult to learn and easy to forget…. We’re in the Relationship Business (Plan Accordingly) For all of our focus on things like rankings, keywords, content, conversions, and a buffet of relevant metrics, it can be easy to lose the forest for the trees. Yes, the work itself matters. Yes, the outcomes — the metrics — matter. But sometimes the relationship matters more. When you’re running an agency, you can live or die by someone just liking you. Admittedly, this feels totally unfair. It opens up all kinds of dilemmas, frustration, opportunity for bias and prejudice, and other general messiness. But it’s the real world. If a client doesn’t enjoy working with us — even if for purely personal reasons — they could easily have the power to end of engagement, regardless of how well we did our actual job. We found some evidence of this in the offboarding conversations we had with clients. In some cases, we had clients who we had driven triple- and quadruple-digital growth. Our work was clearly moving the needle and generating positive ROI and we had the data to prove it. But they decided to “take things in another direction” regardless. And when we asked about why they made the decision, it was clear that it was more about the working relationship than anything we could have improved about the service itself. The inverse is also often true. Our best clients have lasting relationships with our team. The work is important — and they want results. But even if things aren’t quite going according to plan, they’re patient and quick to forgive. Those relationships feel solid — unshakeable. Many of these folks move onto new roles or new companies and quickly look for an opportunity to work with us again. On both sides, relationships are often more important than the work itself. We’ve already established that we’re not building a business that will scale in a massive way. Optimist will always be a small, boutique service firm. We don’t need 100 new leads per month We need a small, steady roster of clients who are a great fit for the work we do and the value we create. We want them to stick around. We want to be their long-term partner. I’m not built for churn-and-burn agency life. And neither is the business. When I look at things through this lens, I realize how much I can cut from our overall business strategy. We don’t need an ultra-sophisticated, multi-channel marketing strategy. We just need strong relationships — enough of them to make our business work. There are a few key things we can take away from this as a matter of business strategy: Put most of our effort into building and strengthening relationships with our existing clients Be intentional about establishing a strong relationship with new clients as part of onboarding Focus on relationships as the main driver of future business development Embracing Reality: Theory vs Practice Okay, so with the big learnings out the way, I want to pivot into another key lesson from 2022. It’s the importance of understanding theory vs practice — specifically when it comes to thinking about time, work, and life. It all started when I was considering how to best structure my days and weeks around running Optimist, my other ventures, and my life goals outside of work. Over the years, I’ve dabbled in many different ways to block time and find focus — to compartmentalize all of the things that are spinning and need my attention. As I mapped this out, I realized that I often tried to spread myself too thin throughout the week. Not just that I was trying to do too much but that I was spreading that work into too many small chunks rather than carving out time for focus. In theory, 5 hours is 5 hours. If you have 5 hours of work to get done, you just fit into your schedule whenever you have an open time slot. In reality, a single 5-hour block of work is 10x more productive and satisfying than 10, 30-minute blocks of work spread out across the week. In part, this is because of context switching. Turning your focus from one thing to another thing takes time. Achieving flow and focus takes time. And the more you jump from one project to another, the more time you “lose” to switching. This is insightful for me both in the context of work and planning my day, but also thinking about my life outside of Optimist. One of my personal goals is to put a finite limit on my work time and give myself more freedom. I can structure that in many different ways. Is it better to work 5 days a week but log off 1 hour early each day? Or should I try to fit more hours into each workday so I can take a full day off? Of course, it’s the latter. Both because of the cost of context switching and spreading work into more, smaller chunks — but also because of the remainder that I end up with when I’m done working. A single extra hour in my day probably means nothing. Maybe I can binge-watch one more episode of a new show or do a few extra chores around the house. But it doesn’t significantly improve my life or help me find greater balance. Most things I want to do outside of work can’t fit into a single extra hour. A full day off from work unlocks many more options. I can take the day to go hiking or biking. I can spend the day with my wife, planning or playing a game. Or I can push it up against the weekend and take a 3-day trip. It gives me more of the freedom and balance that I ultimately want. So this has become a guiding principle for how I structure my schedule. I want to: Minimize context switching Maximize focused time for work and for non-work The idea of embracing reality also bleeds into some of the shifts in business strategy that I mentioned above. In theory, any time spent on marketing will have a positive impact on the company. In reality, focusing more on relationships than blasting tweets into the ether is much more likely to drive the kind of growth and stability that we’re seeking. As I think about 2023, I think this is a recurring theme. It manifests in many ways. Companies are making budget cuts and tough decisions about focus and strategy. Most of us are looking for ways to rein in the excess and have greater impact with a bit less time and money. We can’t do everything. We can’t even do most things. So our #1 priority should be to understand the reality of our time and our effort to make the most of every moment (in both work and leisure). That means thinking deeply about our strengths and our limitations. Being practical, even if it feels like sacrifice. Update on Other Businesses Finally, I want to close up by sharing a bit about my ventures outside of Optimist. I shared last year how I planned to shift some of my (finite) time and attention to new ventures and opportunities. And, while I didn’t get to devote as much as I hoped to these new pursuits, they weren’t totally in vain. I made progress across the board on all of the items I laid out in my post. Here’s what happened: Juice: The first Optimist spin-out agency At the end of 2021, we launched our first new service business based on demand from Optimist clients. Focused entirely on building links for SEO, we called the agency Juice. Overall, we made strong progress toward turning this into a legitimate standalone business in 2022. Relying mostly on existing Optimist clients and a few word-of-mouth opportunities (no other marketing), we built a team and set up a decent workflow and operations. There’s still many kinks and challenges that we’re working through on this front. All told, Juice posted almost $100,000 in revenue in our first full year. Monetizing the community I started 2022 with a focus on figuring out how to monetize our free community, Top of the Funnel. Originally, my plan was to sell sponsorships as the main revenue driver. And that option is still on the table. But, this year, I pivoted to selling paid content and subscriptions. We launched a paid tier for content and SEO entrepreneurs where I share more of my lessons, workflows, and ideas for building and running a freelance or agency business. It’s gained some initial traction — we reached \~$1,000 MRR from paid subscriptions. In total, our community revenue for 2022 was about $2,500. In 2023, I’m hoping to turn this into a $30,000 - $50,000 revenue opportunity. Right now, we’re on track for \~$15,000. Agency partnerships and referrals In 2022, we also got more serious about referring leads to other agencies. Any opportunity that was not a fit for Optimist or we didn’t have capacity to take on, we’d try to connect with another partner. Transparently, we struggled to operationalize this as effectively as I would have liked. In part, this was driven by my lack of focus here. With the other challenges throughout the year, I wasn’t able to dedicate as much time as I’d like to setting goals and putting workflows into place. But it wasn’t a total bust. We referred out several dozen potential clients to partner agencies. Of those, a handful ended up converting into sales — and referral commission. In total, we generated about $10,000 in revenue from referrals. I still see this as a huge opportunity for us to unlock in 2023. Affiliate websites Lastly, I mentioned spending some time on my new and existing affiliate sites as another big business opportunity in 2022. This ultimately fell to the bottom of my list and didn’t get nearly the attention I wanted. But I did get a chance to spend a few weeks throughout the year building this income stream. For 2022, I generated just under $2,000 in revenue from affiliate content. My wife has graciously agreed to dedicate some of her time and talent to these projects. So, for 2023, I think this will become a bit of a family venture. I’m hoping to build a solid and consistent workflow, expand the team, and develop a more solid business strategy. Postscript — AI, SEO, OMG As I’m writing this, much of my world is in upheaval. If you’re not in this space (and/or have possibly been living under a rock), the release of ChatGPT in late 2022 has sparked an arms race between Google, Bing, OpenAI, and many other players. The short overview: AI is likely to fundamentally change the way internet search works. This has huge impact on almost all of the work that I do and the businesses that I run. Much of our focus is on SEO and understanding the current Google algorithm, how to generate traffic for clients, and how to drive traffic to our sites and projects. That may all change — very rapidly. This means we’re standing at a very interesting point in time. On the one hand, it’s scary as hell. There’s a non-zero chance that this will fundamentally shift — possibly upturn — our core business model at Optimist. It could dramatically change how we work and/or reduce demand for our core services. No bueno. But it’s also an opportunity (there’s the optimist in me, again). I certainly see a world where we can become leaders in this new frontier. We can pivot, adjust, and capitalize on a now-unknown version of SEO that’s focused on understanding and optimizing for AI-as-search. With that, we may also be able to help others — say, those in our community? — also navigate this tumultuous time. See? It’s an opportunity. I wish I had the answers right now. But, it’s still a time of uncertainty. I just know that there’s a lot of change happening and I want to be in front of it rather than trying to play catch up. Wish me luck. — Alright friends — that's my update for 2023! I’ve always appreciated sharing these updates with the Reddit community, getting feedback, being asked tough questions, and even battling it out with some of my haters (hey!! 👋) As usual, I’m going to pop in throughout the next few days to respond to comments or answer questions. Feel free to share thoughts, ideas, and brutal takedowns in the comments. If you're interested in following the Optimist journey and the other projects I'm working on in 2023, you can follow me on Twitter. Cheers, Tyler P.S. - If you're running or launching a freelance or agency business and looking for help figuring it out, please DM me. Our subscription community, Middle of the Funnel, was created to provide feedback, lessons, and resources for other entrepreneurs in this space.

5 Habits to go from Founder to CEO
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FalahilThis week

5 Habits to go from Founder to CEO

Over the years, I've gathered some knowledge about transitioning from a startup founder to a CEO. I started my company 7 years ago. We are now not super big (65 people), but we have learned a lot. We raised $19M in total and we are now profitable. The transition from Founder to CEO was crucial. Your startup begins to mature and scale and you need to scale with it. It's often a challenging phase, but I've managed to summarize it into five habbits. Say no to important things every day Being able to say "no" to important tasks every day is an essential practice for a growing leader. It's a reality that as the magnitude of your company or ideas expands, so does the influx of good ideas and opportunities. However, to transform from a mere hustler to a true leader, you have to become selective. This means learning to refuse good ideas, which is crucial if you want to consistently execute the outstanding ones. The concept that "Startups don't starve, they drown" resonates deeply because it underlines how challenging it can be to reject opportunities. A key strategy to develop this skill is time-constraining your to-do list. Here's how you can do it: Weekly: Formulate a weekly to-do list, including only those tasks that you're sure to complete within the week. Leave some buffer room for unexpected issues. If there's any doubt about whether you'll have time for a certain task, it should not feature on your weekly list. I use Todoist and Notion for task management. Daily: Apply the same rule while creating your daily to-do list. Only include tasks that you're confident about accomplishing that day. If a task seems too big to fit into one day, break it down into manageable chunks. Journaling Journaling is a powerful strategy that can help an individual transition from a reactive approach to a proactive one. As founders, we often find ourselves caught up in a cycle of endless tasks, akin to chopping trees in a dense forest. However, to ensure sustainable growth, it is crucial to develop an ability to "zoom out", or to view the bigger picture. I use The Morning Pages method, from Julia Cameron. It consists of writing each morning about anything that comes to mind. The act of writing effectively combines linear, focused thinking with the benefits of a thoughtful conversation. If you just want to journal, you can use Day One app (The free version will be enough). If you want to go a bit deeper, you can try a coaching app. I use Wave.ai and I also hired it for the managers in the company because it combines both journaling with habit building. ​ Building Robust Systems and Processes (I know, it is boring and founders hate this) As a founder, you often need to wear multiple hats and juggle various roles. But as a CEO, it's vital to establish strong systems and processes that enable the business to function smoothly, even without your direct involvement. This includes: Implementing project management systems. Establishing clear lines of communication and accountability. Designing efficient workflows and procedures. To many founders, developing these systems might seem monotonous or even tedious. After all, the allure of envisioning the next big idea often proves more exciting. I experienced the same predicament. In response, I brought onboard a competent COO who excelled in systematizing processes. This strategy allowed me to kickstart initiatives and explore them in a flexible, less structured manner. Once an idea showed signs of gaining traction, my COO stepped in to streamline it, crafting a process that turned the fledgling idea into a consistent business operation. ​ Meditating Meditation is about reprogramming unconscious mental processes by repeatedly performing fundamental tasks with a distinct intention. This practice can be even more crucial to leadership than acquiring a business school education. Because meditation provides the most direct route to understanding your mind's workings and thus, forms the most effective basis for transforming it. To transition from a founder to a CEO, a significant shift in your mindset is required. This shift involves moving from a hustle mentality to precision, from acting as a superhero solving problems to consciously stepping back, thereby providing room for your team members to discover their own superpowers. It's about shifting your success indicators - from individual achievements to the triumphs of your team. This transformation might not feel comfortable initially, and your instincts, shaped by your scrappy founder phase, might resist this change. However, with consistent practice, you can align your instincts with the stage of your company, promoting more effective leadership. This is where the value of meditation truly shines. It allows you to identify your distinct thought patterns in real time and, over time, modify them. I use Headspace a lot, and I also encourage the employees to use it. The company pays the subscription as a perk. ​ Balancing the Macro and the Micro As the CEO, your primary focus should be on the big picture – your company's vision and strategy. However, you also need to keep an eye on the details, as these can make or break your execution. It's all about balance: Delegate the details but stay informed. Prioritize strategic planning but be ready to dive into the trenches when needed. Keep your eye on your long-term vision but adapt to short-term realities. The transition from founder to CEO isn't about giving up what made you successful initially but augmenting it with additional skills, perspectives, and practices. It's a personal and professional evolution that can lead to greater success for both you and your business. Every great CEO was once a founder. It's just about taking the next step. I’d love to hear your experiences or any tips you might have for this transition. In which step of your journey are you right now? Do you have employees already? What are your main challenges right now?

26 Ways to Make Money as a Startup Founder (for coders & noncoders)
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johnrushxThis week

26 Ways to Make Money as a Startup Founder (for coders & noncoders)

I've launched 24 projects (here is the proof johnrush.me). None of my projects is making millions a month, but many of them make over $1k a month, some do over $10k, and few do even more. I'd not recommend anyone to start by trying to build a unicorn. Better start simple. Aim for $2-4k a month first. Once you get there, either scale it or start a new project with large TAM. From my own experience, the 26 Ways to Make Money as a Startup Founder: One-Feature SaaS. Extract a feature from a popular tool and build a micro SaaS around it. Idea: A SaaS that only offers automated email follow-ups. Launchpads. Develop a launch platform for a specific industry. Idea: A launchpad for growth tools. SEO Tools. Create a tool that focuses on a single aspect of SEO. Idea: A tool that generates alt texts for images. Productized Services. Offer standardized services that are repeatable. Idea: design, coding or social media management. Marketplace Platforms. Create a platform that connects buyers and sellers, earning transaction fees. Idea: An online marketplace for domains. Membership Sites. A subscription-based site with exclusive content. Idea: A founder 0-to-1 site. White Labeling. A product that other businesses can rebrand as their own. Idea: A white-labeled website builder. Selling Data. Provide anonymized data insights to companies. Idea: Selling user behavior data. Affiliate Marketing. Promote products/services and earn commissions on sales. Idea: Recommending hosting services on a tech blog. Selling Leads. Generate and sell business leads. Idea: Selling leads who raised a fresh seed round. Niche Social Networks. Create a paid community around a specific interest. Idea: A network for SEO experts. Sell Domains. Buy and sell domain names for profit. Virtual Products. Sell digital products like templates or graphics. Idea: Website themes for nextjs or boilerplates. On-Demand Services. Build a platform for gigs like delivery or tutoring. Idea: An app for freelance tutors. Niche Job Boards. Start a job board focused on a specific industry. Idea: A job board for remote tech jobs. Crowdsourced Content. Create a user-generated content platform and monetize through ads. Idea: Site to share startup hacks. Buy and Flip Businesses. Purchase underperforming businesses, improve them, and sell for profit. Idea: Acquiring a low-traffic blog, optimizing it, and selling. AI-Powered agents. Develop AI tools that solve specific business problems. Idea: An AI tool that automates customer support. Microservices. Offer small, specialized tools, sdks or APIs. Idea: An api for currency conversion. Influencer Platforms. Create a platform connecting influencers with brands. Idea: Connect AI influencers with AI founders. Niche Directories. Build a paid directory for a specific industry. Idea: A directory of developers who can train models. E-Learning Platforms. Build a platform for educators to sell courses. Idea: A site where AI experts sell AI courses. Virtual assistants. Hire them and sell on subscription. No-Code Tools. Create tools that allow non-technical users to build things. Idea: A no-code website builder for bakeries. Labor arbitrage. Idea: Connect support agents from Portugal with US clients and charge commission.

First time founder, looking for guidance
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BigscreennThis week

First time founder, looking for guidance

Hello I am non technical founder based in the UK building a CRM and Order Management System. I have a POC built in Figma that showcases new features that current market options don’t have and improvements on existing features. I lack the technical skill to built a functioning MVP but I do have some technical knowledge. I have enough to understand the complexity and size of what I want to build. My current plan is the following: Raise preseed funding from angel investors or preseed VCs. I have a solid business plan and pitch deck in their final drafts. Find/hire a technical cofounder/development head to build and develop MVP (platform is complex and big enough it will require more then one developer to finish it in a reasonable timeframe) Once MVP is complete, begin sales to ICPs. I have strong connections in the industry already making this step easier. Once the above is done plan is to continue growing, develop main product and create supporting software How would you recommend going forward from the point I’m at? Should I build a functional prototype using a no code webapp builder? Will this be needed when I have a POC in Figma? If so any recommendations? Currently there is no plan for integration of AI but should I add some to drum up more hype when pitching to investors? Adding AI will further improve my planned features but will massively increase complexity. It may be worth noting i have already developed a product internally for my current job that they’re intending to release for internal use down the line. This wasn’t a viable solo business as it was impossible to defend and easy to replicate. Cheers for reading

Seeking co-founder to build LinkedIn’s biggest rival(curated version)
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ItzdreeThis week

Seeking co-founder to build LinkedIn’s biggest rival(curated version)

How do you connect with likeminded people? You see the polished wins everywhere, but what about the messy drafts , the awkward pitches and the moments you’re not sure you’ve got it right? Problem: The whole idea of founding and starting a business can be super intimidating for some people, specially those who don’t know any founders personally, those who don’t have a large network, those who don’t have rich parents with large networks, those not inserted in an entrepreneurial culture like in the US for example (which is my case). Sometimes all you need is the right support network, and too see others do what you want, to know that it’s possible! Everyone has an “ultimate guide” to make 7 figures or build a business on YouTube but NO ONE shoes you the HOW, just the results… I’ve tried joining founder communities, LinkedIn ,Reddit … you name it. Most of these founder communities are inaccessible for regular people and often ask for you to have an already existing business with a min ARR… or their simply geography based and if you’re not in a certain area you can’t really participate… As of LinkedIn… full of empty AI generated posts about how some random dude raised $10m in 7 days. Okay Jonathan, but what about the HOW?? How did you write your first pitch? How many rejection calls did you get? What is an MVP? There simply isn’t a platform out there to document your founding journey and find inspiration within a community of people who are doing the same as you. What better way to feel motivated then to see someone actually document their process? Solution: I’m working on building a social media platform for aspiring/founders to connect through the RAW, UNFILTERED process of turning ideas into reality in REAL time. It’s all gonna be around the “building in public “ concept and content creation. Picture an instagram/tiktok profile where instead of seeing someone’s dog you see them documenting their founding process—from the moment they had the idea, to the moment they launched, you’re going to see the successes, the fails, the rejected calls, all documented through actual content and not some AI generated LinkedIn post. Imagine if you wanted to learn about how Steve Jobs started Apple , you could simply go through his profile on this app—exactly. To make sure all interactions are meaningful people would have to apply. It’s a truly curated community, with REAL people, building REAL things in REAL time, and not just tell us the story of how they did it… Audience: I’m targeting people who have a burning desire of building a business and early stage founders starting their founder journeys, that don’t have a support network and simply don’t know where to start. People who are tired of watching 30 min “ultimate guides “ on how to make it on YouTube from “business gurus” selling courses. People who haven’t reached the min ARR required to join an “exclusive “ founder a community. People who can’t simply just move to the US to get into the “exclusive” YC combinator. People who want to connect with real people building real things and not anonymous people on Reddit, or LinkedIn influencers again trying to promote their services. I believe in the idea because I’m also part of my audience. Have always wanted to start my own thing just never knew how to and where to find a community of likeminded people . I don’t know any founders myself, I come from a non-entrepreneurial society and I’d pay good money to access a community of REAL passionate founders building REAL things, in REAL time. This would be my first ever business, and I want to share my journey building it and hopefully inspire others to just start so I’ve created a mailing list to keep anyone interested in the project updated on my fails , learnings and successes. I’m not worried about “making it” but just “starting” and hopefully reach the right audience and inspire anyone to start whatever they have marinating in their thoughts. If you’re a founder struggling with staying consistent or an aspiring founder with an insane desire of starting and don’t know how to start, I’d love to get your feedback on what’s stopping you, your challenges starting out and what you’d find useful in such platform. And finally would this be something that interests you?? PS: casually looking for a technical co-founder

How a Small Startup in Asia Secured a Contract with the US Department of Homeland Security
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Royal_Rest8409This week

How a Small Startup in Asia Secured a Contract with the US Department of Homeland Security

Uzair Javaid, a Ph.D. with a passion for data privacy, co-founded Betterdata to tackle one of AI's most pressing challenges: protecting privacy while enabling innovation. Recently, Betterdata secured a lucrative contract with the US Department of Homeland Security, 1 of only 4 companies worldwide to do so and the only one in Asia. Here's how he did it: The Story So what's your story? I grew up in Peshawar, Pakistan, excelling in coding despite studying electrical engineering. Inspired by my professors, I set my sights on studying abroad and eventually earned a Ph.D. scholarship at NUS Singapore, specializing in data security and privacy. During my research, I ethically hacked Ethereum and published 15 papers—three times the requirement. While wrapping up my Ph.D., I explored startup ideas and joined Entrepreneur First, where I met Kevin Yee. With his expertise in generative models and mine in privacy, we founded Betterdata. Now, nearly three years in, we’ve secured a major contract with the U.S. Department of Homeland Security—one of only four companies globally and the only one from Asia. The Startup In a nutshell, what does your startup do? Betterdata is a startup that uses AI and synthetic data generation to address two major challenges: data privacy and the scarcity of high-quality data for training AI models. By leveraging generative models and privacy-enhancing technologies, Betterdata enables businesses, such as banks, to use customer data without breaching privacy regulations. The platform trains AI on real data, learns its patterns, and generates synthetic data that mimics the real thing without containing any personal or sensitive information. This allows companies to innovate and develop AI solutions safely and ethically, all while tackling the growing need for diverse, high-quality data in AI development. How did you conduct ideation and validation for your startup? The initial idea for Betterdata came from personal experience. During my Ph.D., I ethically hacked Ethereum’s blockchain, exposing flaws in encryption-based data sharing. This led me to explore AI-driven deep synthesis technology—similar to deepfakes but for structured data privacy. With GDPR impacting 28M+ businesses, I saw a massive opportunity to help enterprises securely share data while staying compliant. To validate the idea, I spoke to 50 potential customers—a number that strikes the right balance. Some say 100, but that’s impractical for early-stage founders. At 50, patterns emerge: if 3 out of 10 mention the same problem, and this repeats across 50, you have 10–15 strong signals, making it a solid foundation for an MVP. Instead of outbound sales, which I dislike, we used three key methods: Account-Based Marketing (ABM)—targeting technically savvy users with solutions for niche problems, like scaling synthetic data for banks. Targeted Content Marketing—regular customer conversations shaped our thought leadership and outreach. Raising Awareness Through Partnerships—collaborating with NUS, Singapore’s PDPC, and Plug and Play to build credibility and educate the market. These strategies attracted serious customers willing to pay, guiding Betterdata’s product development and market fit. How did you approach the initial building and ongoing product development? In the early stages, we built synthetic data generation algorithms and a basic UI for proof-of-concept, using open-source datasets to engage with banks. We quickly learned that banks wouldn't share actual customer data due to privacy concerns, so we had to conduct on-site installations and gather feedback to refine our MVP. Through continuous consultation with customers, we discovered real enterprise data posed challenges, such as missing values, which led us to adapt our prototype accordingly. This iterative approach of listening to customer feedback and observing their usage allowed us to improve our product, enhance UX, and address unmet needs while building trust and loyalty. Working closely with our customers also gives us a data advantage. Our solution’s effectiveness depends on customer data, which we can't fully access, but bridging this knowledge gap gives us a competitive edge. The more customers we test on, the more our algorithms adapt to diverse use cases, making it harder for competitors to replicate our insights. My approach to iteration is simple: focus solely on customer feedback and ignore external noise like trends or advice. The key question for the team is: which customer is asking for this feature or solution? As long as there's a clear answer, we move forward. External influences, such as AI hype, often bring more confusion than clarity. True long-term success comes from solving real customer problems, not chasing trends. Customers may not always know exactly what they want, but they understand their problems. Our job is to identify these problems and solve them in innovative ways. While customers may suggest specific features, we stay focused on solving the core issue rather than just fulfilling their exact requests. The idea aligns with the quote often attributed to Henry Ford: "If I asked people what they wanted, they would have said faster horses." The key is understanding their problems, not just taking requests at face value. How do you assess product-market fit? To assess product-market fit, we track two key metrics: Customers' Willingness to Pay: We measure both the quantity and quality of meetings with potential customers. A high number of meetings with key decision-makers signals genuine interest. At Betterdata, we focused on getting meetings with people in banks and large enterprises to gauge our product's resonance with the target market. How Much Customers Are Willing to Pay: We monitor the price customers are willing to pay, especially in the early stages. For us, large enterprises, like banks, were willing to pay a premium for our synthetic data platform due to the growing need for privacy tech. This feedback guided our product refinement and scaling strategy. By focusing on these metrics, we refined our product and positioned it for scaling. What is your business model? We employ a structured, phase-driven approach for out business model, as a B2B startup. I initially struggled with focusing on the core value proposition in sales, often becoming overly educational. Eventually, we developed a product roadmap with models that allowed us to match customer needs to specific offerings and justify our pricing. Our pricing structure includes project-based pilots and annual contracts for successful deployments. At Betterdata, our customer engagement unfolds across three phases: Phase 1: Trial and Benchmarking \- We start with outreach and use open-source datasets to showcase results, offering customers a trial period to evaluate the solution. Phase 2: Pilot or PoC \- After positive trial results, we conduct a PoC or pilot using the customer’s private data, with the understanding that successful pilots lead to an annual contract. Phase 3: Multi-Year Contracts \- Following a successful pilot, we transition to long-term commercial contracts, focusing on multi-year agreements to ensure stability and ongoing partnerships. How do you do marketing for your brand? We take a non-conventional approach to marketing, focusing on answering one key question: Which customers are willing to pay, and how much? This drives our messaging to show how our solution meets their needs. Our strategy centers around two main components: Building a network of lead magnets \- These are influential figures like senior advisors, thought leaders, and strategic partners. Engaging with institutions like IMDA, SUTD, and investors like Plug and Play helps us gain access to the right people and foster warm introductions, which shorten our sales cycle and ensure we’re reaching the right audience. Thought leadership \- We build our brand through customer traction, technology evidence, and regulatory guidelines. This helps us establish credibility in the market and position ourselves as trusted leaders in our field. This holistic approach has enabled us to navigate diverse market conditions in Asia and grow our B2B relationships. By focusing on these areas, we drive business growth and establish strong trust with stakeholders. What's your advice for fundraising? Here are my key takeaways for other founders when it comes to fundraising: Fundraise When You Don’t Need To We closed our seed round in April 2023, a time when we weren't actively raising. Founders should always be in fundraising mode, even when they're not immediately in need of capital. Don’t wait until you have only a few months of runway left. Keep the pipeline open and build relationships. When the timing is right, execution becomes much easier. For us, our investment came through a combination of referrals and inbound interest. Even our lead investor initially rejected us, but after re-engaging, things eventually fell into place. It’s crucial to stay humble, treat everyone with respect, and maintain those relationships for when the time is right. Be Mindful of How You Present Information When fundraising, how you present information matters a lot. We created a comprehensive, easily digestible investment memo, hosted on Notion, which included everything an investor might need—problem, solution, market, team, risks, opportunities, and data. The goal was for investors to be able to get the full picture within 30 minutes without chasing down extra details. We also focused on making our financial model clear and meaningful, even though a 5-year forecast might be overkill at the seed stage. The key was clarity and conciseness, and making it as easy as possible for investors to understand the opportunity. I learned that brevity and simplicity are often the best ways to make a memorable impact. For the pitch itself, keep it simple and focus on 4 things: problem, solution, team, and market. If you can summarize each of these clearly and concisely, you’ll have a compelling pitch. Later on, you can expand into market segments, traction, and other metrics, but for seed-stage, focus on those four areas, and make sure you’re strong in at least three of them. If you do, you'll have a compelling case. How do you run things day-to-day? i.e what's your operational workflow and team structure? Here's an overview of our team structure and process: Internally: Our team is divided into two main areas: backend (internal team) and frontend (market-facing team). There's no formal hierarchy within the backend team. We all operate as equals, defining our goals based on what needs to be developed, assigning tasks, and meeting weekly to share updates and review progress. The focus is on full ownership of tasks and accountability for getting things done. I also contribute to product development, identifying challenges and clearing obstacles to help the team move forward. Backend Team: We approach tasks based on the scope defined by customers, with no blame or hierarchy. It's like a sports team—sometimes someone excels, and other times they struggle, but we support each other and move forward together. Everyone has the creative freedom to work in the way that suits them best, but we establish regular meetings and check-ins to ensure alignment and progress. Frontend Team: For the market-facing side, we implement a hierarchy because the market expects this structure. If I present myself as "CEO," it signals authority and credibility. This distinction affects how we communicate with the market and how we build our brand. The frontend team is split into four main areas: Business Product (Software Engineering) Machine Learning Engineering R&D The C-suite sits at the top, followed by team leads, and then the executors. We distill market expectations into actionable tasks, ensuring that everyone is clear on their role and responsibilities. Process: We start by receiving market expectations and defining tasks based on them. Tasks are assigned to relevant teams, and execution happens with no communication barriers between team members. This ensures seamless collaboration and focused execution. The main goal is always effectiveness—getting things done efficiently while maintaining flexibility in how individuals approach their work. In both teams, there's an emphasis on accountability, collaboration, and clear communication, but the structure varies according to the nature of the work and external expectations.

Why the value of writing code and other digital services is going to zero
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BalloonWheelieThis week

Why the value of writing code and other digital services is going to zero

I must preface this with a trigger warning because I make some statements in this post that might be upsetting to some. This post discusses my experience building in the new era of entrepreneurship, which is one where the founder is the center of the universe, and the consultants, overpriced SaaS, and corporate swamp creatures are replaced by single-user custom software, bots, and self-hosted automations. If you work in the legacy economy, I really don't intend to stress you out or say things you are doing are quickly becoming irrelevant, but I must share the reality of how I am operating, because I would like to hear from others who are doing the same, or desire to do the same. I am currently operating with the belief that AI-powered tools are going to make 1-person million dollar businesses much more common. Building anything digital is becoming extremely easy, cheap, and quick to implement. The value of code and digital tools is approaching zero, or at most 5% of what it currently is. Right now, the most powerful AI tools are aimed at developers, so folks who have some technical and business ability basically have nothing holding them back aside from the speed of their brain right now. I happen to be a part of the cohort, and am building like there is no tomorrow, but I don't believe this cohort is actually all that big. The next hurdle to unlock the new era of entrepreneurship is empowering every entrepreneur to build at the same pace that is currently locked behind having technical ability. This cohort is huge (millions, if the number of people in this sub is any indication). This post is aimed at them (you?). If you are part of this cohort, what is holding you back from launching a new product for near-zero cost? What is too complicated, too expensive, too unknown for you to be able to build your new/current business at maximum speed? I look forward to seeing the replies, I hope some insights shared can help the community, and be a catalyst for more tools to enable non-technical founders to launch. I will now share some of how I am testing, launching, and selling as a one-man-show. This will be a little bit technical, but if the output of any layer of my stack is something you want, please comment because maybe someone will build a cheap way of accessing it without needing to manage the code yourself. \#1 BOTS I cannot overstate how much leverage bots have created for me. I run all of my bots locally and interface with with via Telegram. Bots do things like: \- watch social media pages, forums, subreddits, etc related to my customers and notify me of what is going on, and suggest SEO blog posts that could be published to capture traffic related to the topic. with a single message, my bot will generate a blog post, send it to me for review, apply edits i suggest, and then publish it live, all from within telegram \- pay attention to all my key metrics/analytics, and attempt to find insights/corrolations (ex. there is a lot of traffic on this page, blog post, video, etc. here's why, and how we can take advantage of it to drive business goals) \- repurposing content. i have dozens of social media profiles that are 100% run by bots, they are all related to my customer niches and will do things like post news, snippets from my blogs, interact with human creators in the niche, etc. this builds my audience automatically which I can then advertise to/try to convert into paying customers, since they are interested in the things my bot is posting and become followers, it's like automated qualified lead gen 24/7 across every social platform and every niche I care about. you may be thinking by now that this post is made by a bot, but you will have to trust me that this is 100% hand-written by my sleep-deprived brain. let's continue: \#2 replacing every SaaS with a shitty version of it designed for what i need out of it it's absurd that we pay ten's of dollars per seat per month for basic digital functions like chat (slack), CRM (active camppaign, sales force, hubspot, etc), email stuff (mailchip, etc), link sharing (linktree, etc), website builders (wix, squarespace, etc), etc. all of these SaaS tools are overpriced and overbuilt. I believe many of them are going to be caught in the innovators dilemma and will go to 0. I don't use any of these anymore, I build and self-host my own shitty version of each of them that does only what i need out of the tool. for example, my CRM doesn't have a fancy drag and drop email builder and 10000 3rd party plugins, because i dont need any of that shit I just need to segment and communicate with my customers. if i need more features, i can generate them on the fly. \#3 working alone I have worked with cofounders in the past, raised money from investors, hired consultants, burned money and time, suffered sleepless nights from stress caused by other people not delivering, trying to convince others they are wrong, or they are pushing the company off a cliff, waste waste waste. no more of that. In the new age of entrepreneurship, the BUILDER (you and I) are the ones creating the value, and AI empowers us to do it alone. this might seem daunting, but there is no business problem that can't be solved with a detailed discussion sesh with chatgpt, no facts that can't be found with perplexity, and no task that can't be automated with claude. there is no need for anymore swamp creatures. you are the start and the end point, you don't need to rely on anyone else for anything. this may sound ignorant, but this is the conclusion I have come to believe, and it continues to be proven every day my businesses progress with me being the only human involved. This is getting quite long so I'll cut it here. I look forward to hearing about how you are operating in this new era and hopefully getting inspired/learning some new ideas to add to my current stack.

Why the value of writing code and other digital services is going to zero
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BalloonWheelieThis week

Why the value of writing code and other digital services is going to zero

I must preface this with a trigger warning because I make some statements in this post that might be upsetting to some. This post discusses my experience building in the new era of entrepreneurship, which is one where the founder is the center of the universe, and the consultants, overpriced SaaS, and corporate swamp creatures are replaced by single-user custom software, bots, and self-hosted automations. If you work in the legacy economy, I really don't intend to stress you out or say things you are doing are quickly becoming irrelevant, but I must share the reality of how I am operating, because I would like to hear from others who are doing the same, or desire to do the same. I am currently operating with the belief that AI-powered tools are going to make 1-person million dollar businesses much more common. Building anything digital is becoming extremely easy, cheap, and quick to implement. The value of code and digital tools is approaching zero, or at most 5% of what it currently is. Right now, the most powerful AI tools are aimed at developers, so folks who have some technical and business ability basically have nothing holding them back aside from the speed of their brain right now. I happen to be a part of the cohort, and am building like there is no tomorrow, but I don't believe this cohort is actually all that big. The next hurdle to unlock the new era of entrepreneurship is empowering every entrepreneur to build at the same pace that is currently locked behind having technical ability. This cohort is huge (millions, if the number of people in this sub is any indication). This post is aimed at them (you?). If you are part of this cohort, what is holding you back from launching a new product for near-zero cost? What is too complicated, too expensive, too unknown for you to be able to build your new/current business at maximum speed? I look forward to seeing the replies, I hope some insights shared can help the community, and be a catalyst for more tools to enable non-technical founders to launch. I will now share some of how I am testing, launching, and selling as a one-man-show. This will be a little bit technical, but if the output of any layer of my stack is something you want, please comment because maybe someone will build a cheap way of accessing it without needing to manage the code yourself. \#1 BOTS I cannot overstate how much leverage bots have created for me. I run all of my bots locally and interface with with via Telegram. Bots do things like: \- watch social media pages, forums, subreddits, etc related to my customers and notify me of what is going on, and suggest SEO blog posts that could be published to capture traffic related to the topic. with a single message, my bot will generate a blog post, send it to me for review, apply edits i suggest, and then publish it live, all from within telegram \- pay attention to all my key metrics/analytics, and attempt to find insights/corrolations (ex. there is a lot of traffic on this page, blog post, video, etc. here's why, and how we can take advantage of it to drive business goals) \- repurposing content. i have dozens of social media profiles that are 100% run by bots, they are all related to my customer niches and will do things like post news, snippets from my blogs, interact with human creators in the niche, etc. this builds my audience automatically which I can then advertise to/try to convert into paying customers, since they are interested in the things my bot is posting and become followers, it's like automated qualified lead gen 24/7 across every social platform and every niche I care about. you may be thinking by now that this post is made by a bot, but you will have to trust me that this is 100% hand-written by my sleep-deprived brain. let's continue: \#2 replacing every SaaS with a shitty version of it designed for what i need out of it it's absurd that we pay ten's of dollars per seat per month for basic digital functions like chat (slack), CRM (active camppaign, sales force, hubspot, etc), email stuff (mailchip, etc), link sharing (linktree, etc), website builders (wix, squarespace, etc), etc. all of these SaaS tools are overpriced and overbuilt. I believe many of them are going to be caught in the innovators dilemma and will go to 0. I don't use any of these anymore, I build and self-host my own shitty version of each of them that does only what i need out of the tool. for example, my CRM doesn't have a fancy drag and drop email builder and 10000 3rd party plugins, because i dont need any of that shit I just need to segment and communicate with my customers. if i need more features, i can generate them on the fly. \#3 working alone I have worked with cofounders in the past, raised money from investors, hired consultants, burned money and time, suffered sleepless nights from stress caused by other people not delivering, trying to convince others they are wrong, or they are pushing the company off a cliff, waste waste waste. no more of that. In the new age of entrepreneurship, the BUILDER (you and I) are the ones creating the value, and AI empowers us to do it alone. this might seem daunting, but there is no business problem that can't be solved with a detailed discussion sesh with chatgpt, no facts that can't be found with perplexity, and no task that can't be automated with claude. there is no need for anymore swamp creatures. you are the start and the end point, you don't need to rely on anyone else for anything. this may sound ignorant, but this is the conclusion I have come to believe, and it continues to be proven every day my businesses progress with me being the only human involved. This is getting quite long so I'll cut it here. I look forward to hearing about how you are operating in this new era and hopefully getting inspired/learning some new ideas to add to my current stack.

This founder was about to shut down his startup and open a restaurant. He pivoted the business and grew it to $45m ARR in 12 months. What else have you seen grow that fast?
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CountryPitifulThis week

This founder was about to shut down his startup and open a restaurant. He pivoted the business and grew it to $45m ARR in 12 months. What else have you seen grow that fast?

I heard that Jasper scaled to $45m ARR in 12 months...with a team of 8. For context, they are one of the fastest-growing companies ever. Grew from $0 to $45m ARR in 12 months (then raised $125m at a $1.5b valuation). As a fellow founder, their story is really inspiring to me (curious about what others think): In December 2020, Dave Rogenmoser and his co-founders were on the brink of shutting down their business. They'd spent 3+ years building a conversion optimization software called Proof...and it was flatlining. A few weeks prior they had to make the painful decision to let go of half their team. Competition and churn had completely eroded growth. Things were painful. 8 years of work left them with a string of startups that never quite made it: 2 failed software businesses (couldn't make money*) A SMB marketing agency (maxed out at $25k/mo*) An online course company (hard to get big*) The Pivot: In January 2021, they had an idea to use Chat GPT-3, the generative AI model released 6 months earlier, to write high-converting Facebook ads. Within 30 days, they launched the business. With the skeleton crew remaining from the last startup, they scaled the business to $45m ARR and 70,000+ customers without hiring a single new person. Soon after, they raised $125m at a $1.5b valuation. Dave Rogenmoser, CEO at Jasper, had some great one-liners in a few podcasts I listened to on the business. Here are some of his learnings: Right Skill, Wrong Vehicle: He spent 8 years building marketing businesses which gave this team the knowledge and confidence to spend $1m/mo on sales and marketing to scale the business to $45m ARR in year 1. Launch Fast & Iterate Quickly: The team agreed that if the business didn't work in 30 days, they'd shut it down. Dave says, "If you have been working on a problem for more than 18 months and haven't found Product market fit (PMF), odds are you won't...Make the hard pivot."* Ride A Big Wave: Generative AI technology is a new technology that is changing the way we work. But it's not just text. It's images, voice, etc. Identify new customer segments (e.g., Municipalities, Banks, Lawyers, etc.), learn their problems, and apply this novel technology to solve them. What other businesses have you seen scale like this? I've never seen a SaaS business grow that fast. I meet interesting founders 2x per week and share the learnings here.

This founder was about to shut down his business and open a restaurant. He pivoted the business and grew it to $45m ARR in 12 months. What other businesses can scale like this?
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CountryPitifulThis week

This founder was about to shut down his business and open a restaurant. He pivoted the business and grew it to $45m ARR in 12 months. What other businesses can scale like this?

I heard that Jasper scaled to $45m ARR in 12 months...with a team of 8. For context, they are one of the fastest-growing companies ever. Grew from $0 to $45m ARR in 12 months (then raised $125m at a $1.5b valuation). As a fellow founder, their story is really inspiring to me (curious about what others think): In December 2020, Dave Rogenmoser and his co-founders were on the brink of shutting down their business. They'd spent 3+ years building a conversion optimization software called Proof...and it was flatlining. A few weeks prior they had to make the painful decision to let go of half their team. Competition and churn had completely eroded growth. Things were painful. 8 years of work left them with a string of startups that never quite made it: 2 failed software businesses (couldn't make money*) A SMB marketing agency (maxed out at $25k/mo*) An online course company (hard to get big*) The Pivot: In January 2021, they had an idea to use Chat GPT-3, the generative AI model released 6 months earlier, to write high-converting Facebook ads. Within 30 days, they launched the business. With the skeleton crew remaining from the last startup, they scaled the business to $45m ARR and 70,000+ customers without hiring a single new person. Soon after, they raised $125m at a $1.5b valuation. Dave Rogenmoser, CEO at Jasper, had some great one-liners in a few podcasts I listened to on the business. Here are some of his learnings: Right Skill, Wrong Vehicle: He spent 8 years building marketing businesses which gave this team the knowledge and confidence to spend $1m/mo on sales and marketing to scale the business to $45m ARR in year 1. Launch Fast & Iterate Quickly: The team agreed that if the business didn't work in 30 days, they'd shut it down. Dave says, "If you have been working on a problem for more than 18 months and haven't found Product market fit (PMF), odds are you won't...Make the hard pivot."* Ride A Big Wave: Generative AI technology is a new technology that is changing the way we work. But it's not just text. It's images, voice, etc. Identify new customer segments (e.g., Municipalities, Banks, Lawyers, etc.), learn their problems, and apply this novel technology to solve them. What other businesses have you seen scale like this? I've never seen a SaaS business grow that fast. I meet interesting founders 2x per week and share the learnings here.

Is SaaS Done?
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Competitive_Salad709This week

Is SaaS Done?

Other day I was talking to one of the leaders in Office, He said "SAAS IS DY!NG THANKS TO AI". I found this fascinating & started digging on this, I was already part of communities like Build in Public, NoCode Builders & Others. I think he was right. I saw a significant raise in the AI Tools, what other call it 'AI Wrapper Startups' I explored many tools, then I realise why don't we capitalise this opportunity. I found out it is the marketers who needs to be aware of these & if you don't embrace these tools you will end up losing to someone with minimum experience with marketing but good hands on experience with the tools. If these tools keep up the same phase then you have both challenges & opportunities which I've listed it down in the post pros & cons. I think we need to embrace these tools are else we will be left behind. All these things are about marketers but what about the people who want to become solopreneurs or people like Pieter Levels who just want to create something useful get money either by selling or running multiple projects at once. Whatever I've studied & learnt. I came up with something called "The SaaS Marketing Innovation Cycle". The SaaS Marketing Innovation Cycle : Will have six easy steps. Empowering with No-code : Decide what is the problem you are planing to solve & understand which is No-code tool can help you with solution. Some tools will have steep learning curve, become expert on those tools. Integrate Automation AI : This is very crucial for your tool & make sure you have build a tool which will integrates easily with most of the platforms. Build Custom Solution : Right now the whole industry of Micro SaaS stands on building custom solutions, catering your audience is the best way to go for it. Launching MVPs : Because you have no-code tools it is easier to deploy MVPs than ever before & you can build multiple tools at once. Adapt & Grow : This is about the business take feedback from customer add new feature remove few yada yada. Leverage the Growth : Here it is important you have learn to build communities out these tools. if you come up with any new ideas there is always a group of people, who will be able adapt & give you the feedback to improve. Conclusion : Either build something or adapt something quicker when that has built. What do you think Folks ??

Writing a exercise based TTRPG rulebook for a system where your real world fitness is tied to character progression
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BezboznyThis week

Writing a exercise based TTRPG rulebook for a system where your real world fitness is tied to character progression

My dad was a star athlete when he was young, and my mom was a huge sci-fi/fantasy nerd, so I got both ends of the stick as it were. Love gaming and nerd culture, but also love to exercise and self improvement. Sometimes exercise can feel boring though compared to daydreaming about fantastic fictional worlds, so for a long time I've been kicking around the idea of how to "Gamify" fitness. and recently I've been working on this passion project of a Table Top RPG (Like D&D) where the stats of your character are related to your own fitness, so if you want your character in game to improve, you have to improve in the real world. Below is a rough draft you can look through that details the settings and mechanics of the game I've come up with so far. I'd love to eventually get a full book published and sell it online. maybe even starting a whole brand of "Gamified fitness": REP-SET: GAINSZ In the war torn future of 24th century… There are no rest days… In the futuristic setting of "REP-SET: GAINSZ," the "War of Gains" casts a long shadow over the Sol System as the various factions vie for territory and resources. However, war has evolved. Unmanned drones and long-range strikes have faded into obsolescence. Battles, both planet-side and in the depths of space, are now fought by soldiers piloting REP-SETs: Reactive Exoskeletal Platform - Symbiotic Evolution Trainer Massive, humanoid combat mechs. Powered by mysterious “EV” energy, these mechanical marvels amplify, and are in turn amplified by, the fitness and mental acuity of their pilots. The amplification is exponential, leading pilots into a life of constant training in order for their combat prowess to be bolstered by every incremental gain in their level of fitness. With top pilots having lifting capacity measured in tons, and reaction times measured by their Mach number, REP-SET enhanced infantry now dominate the battlefield. The Factions: The Federated Isometocracy of Terra (FIT): Quote: "The strength of the body is the strength of the spirit. Together, we will lift humanity to its destined greatness. But ask not the federation to lift for you. Ask yourself: Do you even lift for the Federation?" Description: An idealistic but authoritarian faction founded on the principle of maximizing the potential of all individuals. FIT citizens believe in relentless striving for physical and mental perfection, leading to collective excellence. Their goal is the unification of humankind under a rule guided by this doctrine, which sometimes comes at the cost of individual liberties. Mech Concept: REP-SET mechs. Versatile humanoid designs focusing on strength, endurance, and adaptability. By connecting to the AI spirit within their REP-SETs core, each pilot enhances the performance of their machine through personal willpower and peak physical training. Some high-rank REP-SETS include features customized to the pilot's strengths, visually signifying their dedication and discipline. The Dominion of Organo-Mechanical Supremacy (DOMS): Quote: "Without pain, there is no gain. Become the machine. Embrace the burn.” Description: A fanatical collective ideologically obsessed with "Ascendency through suffering" by merging their bodies with technology that not only transcends biological limitations, but also acts to constantly induce pain in it's users. Driven by a sense of ideological superiority and a thirst for domination, DOMS seek to bring the painful blessings of their deity "The lord of the Burn" to the rest of the solar system. Their conquest could turn them into a significant threat to humanity. Mech Concept: Hybrid mechs, where the distinction between the pilot and the machine is blurred. The cockpit functions as a life-support system for the pilot, heavily modified with augmentations. Mechs themselves are often modular, allowing for adaptation and assimilation of enemy technology. Some DOMS mechs might display disturbing elements of twisted flesh alongside cold, mechanical parts. The Tren: Quote: "Grow... bigger... feast... protein..." Description: A ravenous conglomeration of biochemically engineered muscular monstrosities, united only by a shared insatiable hunger for "More". Existing mostly in deep space, they seek organic matter to consume and assimilate. They progress in power not due to any form of training or technology, but from a constant regimen of ravenous consumption and chemically induced muscle growth, all exponentially enhanced by EV energies. While some have been known to possess a certain level of intellect and civility, their relentless hunger makes them incredibly mentally volatile. When not consuming others, the strong consume the weak within their own faction. Mech Concept: Bio-Organic horrors. While they do have massive war machines, some are living vessels built around immense creatures. These machines resemble grotesque fleshy designs that prioritize rapid mutation and growth over sleek aesthetics. Often unsettling to behold. Synthetic Intelligence Theocracy (SIT): Quote: "Failure is an unacceptable data point.” Description: A society ruled by a vast and interconnected artificial intelligence network. The SIT governs with seemingly emotionless rationality, striving for efficiency and maximum productivity. This leads to a cold, but arguably prosperous society, unless you challenge the logic of the collective AI. Their goals? Difficult to predict, as it hinges on how the AI calculates what's "optimal" for the continuation or "evolution" of existence. Mech Concept: Sleek, almost featureless robotic creations with a focus on efficient movement and energy management. Often drone-like or modular, piloted through direct mind-machine linking rather than traditional cockpits. Their aesthetic suggests cold and impersonal perfection. The Way Isolate(TWI): Quote: "The body unblemished, the mind unwavering. That is the path to true strength. That and a healthy diet of Aster-Pea proteins." Description: Known by some as "The asteroid farmers", The Way Isolate is a proud and enigmatic faction that stands apart from the other powers in the Sol System. A fiercely independent tribe bound by oaths of honor, loyalty, and hard work. Wandering the asteroid belt in their vast arc ships, their unparalleled mastery in asteroidal-agricultural engineering, ensuring they have no need to colonize planets for nutritional needs, has allowed them to abstain from the pursuit of territorial expansion in “The War of Gains”, instead focusing on inward perfection, both spiritual and physical. They eschew all technological bodily enhancements deemed unnatural, believing that true power can only be cultivated through the relentless pursuit of personal strength achieved through sheer will and bodily perfection. The Way Isolate views biohacking, genetic manipulation, and even advanced cybernetics as corruptions of the human spirit, diluting the sacredness of individual willpower. Mech Concept: Way Isolate mechs are built with maneuverability and precision in mind rather than flashy augmentations. Their REP-SETs are streamlined, favoring lean designs that mirror the athleticism of their pilots. Excelling in low to zero G environments, their mechs lack bulky armor, relying on evasion and maneuverability rather than brute force endurance. Weaponry leans towards traditional kinetic based armaments, perhaps employing archaic but reliable weapon styles such as blades or axes as symbols of their purity of purpose. These mechs reflect the individual prowess of their pilots, where victory is determined by focus, technique, and the raw power of honed physical ability. Base Player Character Example: You are a young, idealistic FIT soldier, barely out of training and working as a junior REP-SET mechanic on the Europa Ring World. The Miazaki district, a landscape of towering mountains and gleaming cities, houses a sprawling mountainside factory – a veritable hive of Gen 5 REP-SET construction. Here, the lines between military and civilian blur within a self-sufficient society dependent on this relentless industry. Beneath the surface, you harbor a secret. In a forgotten workshop, the ghost of a REP-SET takes shape – a unique machine built around an abandoned, enigmatic AI core. Ever since you salvaged it as a child from the wreckage of your hometown, scarred by a brutal Tren attack, you've dedicated yourself to its restoration. A lingering injury from that fateful battle mocks your progress, a constant reminder of the fitness exams you cannot pass. Yet, you train relentlessly, dreaming of the day you'll stand as a true REP-SET pilot. A hidden truth lies at the heart of the REP-SETS: as a pilot's abilities grow, their mech develops unique, almost mystical powers – a manifestation of the bond between the human spirit and the REP-SET's AI. The ache in your old wound serves as a grim prophecy. This cold war cannot last. The drums of battle grow louder with each passing day. GAME MECHANICS: The TTRPG setting of “REP-SET: GAINSZ” is marked by a unique set of rules, by which the players real world capabilities and fitness will reflect and affect the capabilities, progression, and success of their REP-SET pilot character in-game. ABILITY SCORES: Pilots' capabilities will be defined by 6 “Ability scores”: Grace, Agility, Iron, Nourishment, Strength, and Zen. Each of the 6 ability scores will duel represent both a specific area of exercise/athleticism and a specific brand of healthy habits. The definitions of these ability scores are as follows: Grace (GRC): "You are an artist, and your body is your canvas; the way you move is your paint and brush." This ability score, the domain of dancers and martial artists, represents a person's ability to move with organic, flowing control and to bring beauty to the world. Skill challenges may be called upon when the player character needs to act with poise and control, whether socially or physically. Real-world skill checks may involve martial arts drills, dancing to music, or balance exercises. Bonuses may be granted if the player has recently done something artistically creative or kind, and penalties may apply if they have recently lost their temper. This ability score affects how much NPCs like your character in game. Agility (AGI): "Your true potential is locked away, and speed is the key to unlocking it." The domain of sprinters, this ability score represents not only a person's absolute speed and reaction time but also their capacity to finish work early and avoid procrastination. Skill challenges may be called upon when the player character needs to make a split-second choice, move fast, or deftly dodge something dangerous. Real-world skill checks may involve acts of speed such as sprinting or punching/kicking at a steadily increasing tempo. Bonuses may apply if the player has finished work early, and penalties may apply if they are procrastinating. This ability score affects moving speed and turn order in game. Iron (IRN): "Not money, nor genetics, nor the world's greatest trainers... it is your resolve, your will to better yourself, that will make you great." Required by all athletes regardless of focus, this ability score represents a player's willpower and their capacity to push through pain, distraction, or anything else to achieve their goals. Skill challenges may be called upon when the player character needs to push through fear, doubt, or mental manipulation. Real-world skill checks may involve feats of athletic perseverance, such as planking or dead hangs from a pull-up bar. Bonuses may apply when the player maintains or creates scheduled daily routines of exercise, self-improvement, and work completion, and penalties may apply when they falter in those routines. This ability score affects the max "Dynamic exercise bonus” that can be applied to skill checks in game (a base max of +3 when Iron = 10, with an additional +1 for every 2 points of iron. So if every 20 pushups gives you +1 on a “Strength” skill check, then doing 80 pushups will only give you +4 if you have at least 12 iron). Nourishment (NRS): "A properly nourished body will last longer than a famished one." This ability score, focused on by long-distance runners, represents a player's endurance and level of nutrition. Skill challenges may be called upon when making checks that involve the player character's stamina or health. Real-world skill checks may involve endurance exercises like long-distance running. Bonuses may apply if the player has eaten healthily or consumed enough water, and penalties may apply if they have eaten junk food. This ability score affects your HP (Health points), which determines how much damage you can take before you are incapacitated. Strength (STR): "When I get down on my hands, I'm not doing pushups, I'm bench-pressing the planet." The domain of powerlifters and strongmen, this ability score represents raw physical might and the ability to overcome obstacles. Skill challenges may be called upon when the player character needs to lift, push, or break something. Real-world skill checks might involve weightlifting exercises, feats of grip strength, or core stability tests. Bonuses may apply for consuming protein-rich foods or getting a good night's sleep, and penalties may apply after staying up late or indulging in excessive stimulants. This ability score affects your carrying capacity and base attack damage in game. Zen (ZEN): "Clarity of mind reflects clarity of purpose. Still the waters within to act decisively without." This ability score, prized by meditators and yogis, represents mental focus, clarity, and inner peace. Skill challenges may be called upon when the player character needs to resist distractions, see through illusions, or make difficult decisions under pressure. Real-world skill checks may involve meditation, breathing exercises, or mindfulness activities. Bonuses may apply after attending a yoga class, spending time in nature, or creating a calm and organized living space. Penalties may apply after experiencing significant stress, emotional turmoil, or having an unclean or unorganized living space. This ability score affects your amount of ZP in game (Zen Points: your pool of energy you pull from to use mystical abilities) Determining initial player ability scores: Initially, “Ability scores” are decided during character creation by giving the player a list of 6 fitness tests to gauge their level of fitness in each category. Running each test through a specific calculation will output an ability score. A score of 10 represents the average person, a score of 20 represents a peak athlete in their category. The tests are: Grace: Timed balancing on one leg with eyes closed (10 seconds is average, 60 is peak) Agility: Mile run time in minutes and second (10:00 minutes:seconds is average, 3:47 is peak) Iron: Timed dead-hang from a pull-up bar (30 seconds is average, 160 is peak) Nourishment: Miles run in an hour (4 is average, 12 is peak) Strength: Pushups in 2 minute (34 is average, 100 is peak) Zen: Leg stretch in degrees (80 is average, and 180 aka "The splits" is peak) Initial Score Calculation Formula: Ability Score = 10 + (Player Test Score - Average Score) / (Peak Score - Average\_Score) \* 10 Example: if the player does 58 pushups in 2 minutes, their strength would be: 10 plus (58 - 34) divided by (100-34) multiplied by 10 = 10 + (24)/(66)\* 10 = 10 + 3.6363... = 13.6363 rounded to nearest whole number = Strength (STR): 14 SKILLS AND SKILL CHALLENGES: The core mechanic of the game will be in how skill challenges are resolved. All “Skill challenges” will have a numerical challenge rating that must be met or beaten by the sum of a 10 sided dice roll and your score in the pertinent skill. Skill scores are determined by 2 factors: Ability Score Bonus: Every 2 points above 10 gives +1 bonus point. (EX. 12 = +1, 14 = +2, etc.) This also means that if you have less than 10 in an ability score, you will get negative points. Personal Best Bonus: Each skill has its own unique associated exercise that can be measured (Time, speed, distance, amount of reps, etc). A higher record means a higher bonus. EX: Authority skill checks are associated with a timed “Lateral raise hold”. Every 30 seconds of the hold added onto your personal best single attempt offers a +1 bonus. So if you can do a lateral hold for 90 seconds, that’s a +3 to your authority check! So if you have a 16 in Iron, and your Personal Best lateral raise hold is 90 seconds, that would give you an Authority score of +6 (T-Pose for dominance!) Dynamic Exercise Bonus: This is where the unique mechanics of the game kick in. At any time during a skill challenge (even after your roll) you can add an additional modifier to the skill check by completing the exercise during gameplay! Did you roll just below the threshold for success? Crank out another 20 pushups, squats, or curls to push yourself just over the edge into success! There are 18 skills total, each with its own associated ability score and unique exercise: Grace (GRC): \-Kinesthesia (Timed: Blind single leg stand time) \-Precision (Scored: Basket throws) \-Charm (Timed reps: Standing repeated forward dumbell chest press and thrust) \-Stealth (Timed distance: Leopard Crawl) Agility (AGI): \-acrobatics (timed reps: high kicks) \-Computers (Word per minute: Typing test) \-Speed (Time: 100 meter sprint) Iron (IRN): \-Authority (Timed: Lateral raise hold) \-Resist (Timed: Plank) \-Persist (Timed:Pull-up bar dead hang) Nourishment(NRS): \-Recovery (TBD) \-Stim crafting (TBD) \-Survival (TBD) Strength(STR): \-Mechanics (Timed reps: Alternating curls) \-Might (Timed reps: pushups) Zen(ZEN): \-Perceive (TBD) \-Empathy (TBD) \-Harmony (TBD) \-Lore (TBD) Healthy Habits Bonus: Being able to demonstrate that you have conducted healthy habits during gameplay can also add one time bonuses per skill challenge “Drank a glass of water +1 to Nourishment check”, “Cleaned your room, +3 on Zen check”. But watch out, if you’re caught in unhealthy Habits, the GM can throw in penalties, “Ate junk food, -1 to Nourishment check”, etc. Bonuses/penalties from in-game items, equipment, buffs, debuffs, etc., helping players to immerse into the mechanics of the world of REP-SET for the thrill of constantly finding ways to improve their player. Gradient success: Result of skill challenges can be pass or fail, but can also be on a sliding scale of success. Are you racing to the battlefield? Depending on your Speed check, you might arrive early and have a tactical advantage, just in time for an even fight, or maybe far too late and some of your favorite allied NPCs have paid the price… So you’re often encouraged to stack on those dynamic exercise bonuses when you can to get the most fortuitous outcomes available to you. Gameplay sample: GM: Your REP-SET is a phantom, a streak of light against the vast hull of the warship. Enemy fighters buzz angrily, but you weaves and dodges with uncanny precision. The energy wave might be losing effectiveness, but your agility and connection to the machine have never been stronger. Then, it happens. A gap in the defenses. A vulnerable seam in the warship's armor. Your coms agents keen eye spots it instantly. "Lower power junction, starboard side! You have an opening!" This is your chance to strike the decisive blow. But how? It'll take a perfect combination of skill and strategy, drawing upon your various strengths. Here are your options: Option 1: Brute Strength: Channel all remaining power into a single, overwhelming blast from the core. High-risk, high-reward. It could overload the REP-SET if you fail, but it might also cripple the warship. (Strength-focused, Might sub-skill) Option 2: Calculated Strike: With surgical precision, target the power junction with a pinpoint burst of destabilizing energy. Less flashy and ultimately less damaging, but potentially more effective in temporarily disabling the ship. (Agility-focused, Precision sub-skill) Option 3: Harmonic Disruption: Attempt to harmonize with your REP-SET's AI spirit for help in connecting to the digital systems of the Warship. Can you generate an internal energy resonance within the warship, causing it to malfunction from within? (Zen-focused, Harmony sub-skill) Player: I'll take option 1, brute strength! GM: Ok, This will be a "Might" check. The CR is going to be very high on this one. I'm setting it at a 20. What's your Might bonus? Player: Dang, a 20?? That's literally impossible. My Might is 15 and I've got a PB of 65 pushups in 2 minutes, that sets me at a +5. Even if I roll a 10 and do 60 pushups for the DE I'll only get 18 max. GM: Hey I told you it was high risk. You want to choose another option? Player: No, no. This is what my character would do. I'm a real hot-blooded meathead for sure. GM: Ok then, roll a D10 and add your bonus. Player: \Rolls\ a 9! not bad, actually that's a really good roll. So +5, that's a 14. GM: Alright, would you like to add a dynamic exercise bonus? Player: Duh, it's not like I can do 120 pushups I'd need to beat the CR, but I can at least do better than 14. Alright, here goes. \the player gets down to do pushups and the 2 minute time begins. After some time...\ Player: 65....... 66! GM: Times up. Player: Ow... my arms... GM: so with 66, that's an extra +3, and its a new PB, so that's a +1. That sets your roll to 18. Player: Ow... Frack... still not 20... for a second there i really believed I could do 120 pushups... well I did my best... Ow... 20 CR is just too impossible you jerk... GM: Hmm... Tell me, what did you eat for lunch today? Player: Me? I made some vegetable and pork soup, and a protein shake. I recorded it all in my diet app. GM: And how did you sleep last night? Player: Like a baby, went to sleep early, woke up at 6. GM: in that case, you can add a +1 "Protein bonus" and +1 "Healthy rest" bonus to any strength related check for the day if you'd like, including this one. Player: Really?? Heck yes! add it to the roll! GM: With those extra bonuses, your roll reaches 20. How do you want to do this? Player: I roar "For Terra!" and pour every last ounce of my strength into the REP-SET. GM: "For Terra!" you roar, your cry echoing through coms systems of the REP-SET. The core flares blindingly bright. The surge of power dwarfs anything the REP-SET has unleashed before. With a titanic shriek that cracks the very fabric of space, the REP-SET slams into the vulnerable power junction. Raw energy explodes outwards, tendrils of light arcing across the warship's massive hull. The impact is staggering. The leviathan-like warship buckles, its sleek form rippling with shockwaves. Sparks shower like rain, secondary explosions erupt as critical systems overload. Then…silence. The warship goes dark. Power flickers within the REP-SET itself, then steadies. Alarms fade, replaced by the eerie quiet of damaged but functional systems. "We…did it?" The coms agents voice is incredulous, tinged with relief. She's awaiting your reply. Player: "I guess so." I say, and I smile and laugh. And then I slump back... and fall unconscious. \to the other players\ I'm not doing any more skill checks for a while guys, come pick me up please. \teammates cheer\ ​

Looking for a co-founder for a B2B AI startup. I have a development team and funds for at least a year of operations.
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cheech123456This week

Looking for a co-founder for a B2B AI startup. I have a development team and funds for at least a year of operations.

Hello, As the title said I'm looking for a co-founder. I built with my team a few ventures that generate revenues but I don't believe that any of them has a future. I have 15 years of experience in Software Engineering and AI. Worked in various industries, but always in data-driven applications. I spent the last 3 years as an entrepreneur and raised successfully money from VCs. ​ A few preconceptions I have: \- B2C is extremely hard. Very quickly you realize that you need to spend all your resources on marketing. \- B2B is extremely hard - but for different reasons. Sales cycles take months. If you want to reach serious buyers and decision-makers, you need to have an amazing network. Even then, companies will prioritize 90% of the time to do things internally rather than paying for anything. \- I hate when people say that "ideas are garbage", and I think that execution is overhyped. Execution is a matter of finding the right people, and paying them (I am confident to say that I can guarantee good execution). Ideas are not garbage, ideas need validation, and garbage "entrepreneurs" are too lazy to validate anything. ​ Your ideal profile: \- You have a great idea, something that has been brewing for some time but you lack resources or technical experience to execute by yourself. \- You have domain expertise, experience, and a network. If we build an MVP in 3 months, you can get 20 interviews with industry people to validate the solution. Once the MVP is built you can put it in front of another 40 people. \- You are a product person. \- You can do efficient sales calls. (Bonus: You are a sales person) If you are an ideal profile, please reach out.

🛒7 Strategies to Increase Retail Store Footfall post-COVID | Ultimate Blueprint & Guide 📈
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bnk3r_This week

🛒7 Strategies to Increase Retail Store Footfall post-COVID | Ultimate Blueprint & Guide 📈

Hello fellow marketers/entrepreneurs! Covid has had a gobsmacking effect on all retail promotions and marketing efforts. For people with retail businesses that thrive on footfall, it has been an uphill battle, but markets of the world are slowly resuming action. Knowing the footfall to your retail store can help you decide how many products you need to stock, which days of the week are best for promotions, and what type of promotional offers work well. The pandemic has drastically impacted customer behavior and customer loyalty is plunging. People prefer shopping online to brick-and-mortar purchases, and consumers are limiting their spending on a range of items - investing only in essentials is the norm now (McKinsey). We found some companies like Target having programs like Cartwheel that offer 5% to 50% off specific items when customers shop in-store to increase foot traffic. Strategies like these ultimately add up, an ICSC report cites that 69% of customers who went to collect their orders eventually bought additional items. I've put together a detailed list of 7 strategies to boost footfall to stores post COVID, I hope they come in handy! Abide by COVID-19 Protocols for a Safer Environment Be well-informed of the COVID-19 protocols. Don't implement this merely under the government norms, instead take extra measures to show customers that you care! Have an automated entrance Deploy hygiene counters Fix thermal sensors in the entrance Have an isolation space for those showing symptoms of the coronavirus To see more check this link for the entire list! Run Catchy In-Store Promotions Discounts are a perfect way to attract new customers and retain existing ones. When you want to increase customer traffic in a brick-and-mortar store, give customers an offer that only works inside the store. Surprise your consumers with free samples of your products. This would allow them to try some new brands and products. If you’d want to reduce your excess stock post the quarantine time, try running a multi-buy campaign. Digital Signages - Enhance In-store Shopping Experience Digital signage is a type of advertising that uses a video screen to display marketing messages. They can be used for attracting customers, conveying information, and promoting merchandise. Retail outlets in malls that have fashion sections can display the latest trends on their screens so customers know what’s new. This helps them pick out something they might like quickly. Some restaurants showcase menus on screens while others even project live cooking shows! These displays help with menu navigation too; helping a diner decide between chicken tikka masala or steak tartare by showing pictures of both dishes at once. Leverage Beacon Notification to Attract Customers to Your Store The beacon technology is a way to implement a tracking system indoors. A beacon is an inaudible signal that can be tracked and act as the trigger for other events like sending notifications about deals, discounts, or new products. Beacon technology helps with driving footfalls by giving customers an indoor mapping experience of your store's inventory. This ensures they always know where they are going and what’s around them. The navigation reminds them of their proximity to items on display so there’s never any confusion over whether something is nearby or farther off. Train your Salespeople to Become the Shopper's Friend Educating your salespersons on how to be consumers’ friends is important. They should be knowledgeable about what products are popular and in-demand so that they can help the customers find exactly what they want while at the same time giving guidance on how to save money by telling them where discounts and deals can be found. Reconceptualize Checkout Counters Customers abandon their purchases because of long lines at the checkout. With the pandemic out there, this could be one of the reasons why the retail foot traffic is diminishing. Include contactless payments that can be automated or replace your existing POS setup. Encourage BOPIS (Buy Online Pick-up In-store) To implement BOPIS for your retail store, you need to have a centralized platform that allows you to manage orders, sales, and customers. This helps you to deliver a personalized customer experience. In combination with BOPIS, another way to promote footfall into the store and drive sales in retail is by bringing your website in-store. And this will be a good move if you have multiple stores and not all the stock in one place. This is because, when you know how to calculate footfall in retail it can help you with many retail metrics like: How to plan your store for peak footfall times? How much stock you need in the store and how often you'll need to restock it? What products are selling well on an hourly basis? This is so crucial information for retailers that will help inform decisions about where to place certain items or which ones may be more popular than others etc. When stores should have promotions (if they want), discounts, and raise weekend sales? We've put together an elaborate, research-based White Paper that covers these segments: How have pandemics catalyzed technological innovations Customer sentiment and behavior during COVID-19 An omnichannel customer engagement strategy to drive sales in retail and footfall The ultimate roadmap to increase retail footfalls How to build the perfect loyalty program to turn foot traffic into brand ambassadors? You can find the same over here, hope my team's effort comes in handy to some of y'all that could improve your store visits, cheers!

Is SaaS Done?
reddit
LLM Vibe Score0
Human Vibe Score1
Competitive_Salad709This week

Is SaaS Done?

Other day I was talking to one of the leaders in Office, He said "SAAS IS DY!NG THANKS TO AI". I found this fascinating & started digging on this, I was already part of communities like Build in Public, NoCode Builders & Others. I think he was right. I saw a significant raise in the AI Tools, what other call it 'AI Wrapper Startups' I explored many tools, then I realise why don't we capitalise this opportunity. I found out it is the marketers who needs to be aware of these & if you don't embrace these tools you will end up losing to someone with minimum experience with marketing but good hands on experience with the tools. If these tools keep up the same phase then you have both challenges & opportunities which I've listed it down in the post pros & cons. I think we need to embrace these tools are else we will be left behind. All these things are about marketers but what about the people who want to become solopreneurs or people like Pieter Levels who just want to create something useful get money either by selling or running multiple projects at once. Whatever I've studied & learnt. I came up with something called "The SaaS Marketing Innovation Cycle". The SaaS Marketing Innovation Cycle : Will have six easy steps. Empowering with No-code : Decide what is the problem you are planing to solve & understand which is No-code tool can help you with solution. Some tools will have steep learning curve, become expert on those tools. Integrate Automation AI : This is very crucial for your tool & make sure you have build a tool which will integrates easily with most of the platforms. Build Custom Solution : Right now the whole industry of Micro SaaS stands on building custom solutions, catering your audience is the best way to go for it. Launching MVPs : Because you have no-code tools it is easier to deploy MVPs than ever before & you can build multiple tools at once. Adapt & Grow : This is about the business take feedback from customer add new feature remove few yada yada. Leverage the Growth : Here it is important you have learn to build communities out these tools. if you come up with any new ideas there is always a group of people, who will be able adapt & give you the feedback to improve. Conclusion : Either build something or adapt something quicker when that has built. What do you think Folks ??

Is SaaS Done?
reddit
LLM Vibe Score0
Human Vibe Score1
Competitive_Salad709This week

Is SaaS Done?

Other day I was talking to one of the leaders in Office, He said "SAAS IS DY!NG THANKS TO AI". I found this fascinating & started digging on this, I was already part of communities like Build in Public, NoCode Builders & Others. I think he was right. I saw a significant raise in the AI Tools, what other call it 'AI Wrapper Startups' I explored many tools, then I realise why don't we capitalise this opportunity. I found out it is the marketers who needs to be aware of these & if you don't embrace these tools you will end up losing to someone with minimum experience with marketing but good hands on experience with the tools. If these tools keep up the same phase then you have both challenges & opportunities which I've listed it down in the post pros & cons. I think we need to embrace these tools are else we will be left behind. All these things are about marketers but what about the people who want to become solopreneurs or people like Pieter Levels who just want to create something useful get money either by selling or running multiple projects at once. Whatever I've studied & learnt. I came up with something called "The SaaS Marketing Innovation Cycle". The SaaS Marketing Innovation Cycle : Will have six easy steps. Empowering with No-code : Decide what is the problem you are planing to solve & understand which is No-code tool can help you with solution. Some tools will have steep learning curve, become expert on those tools. Integrate Automation AI : This is very crucial for your tool & make sure you have build a tool which will integrates easily with most of the platforms. Build Custom Solution : Right now the whole industry of Micro SaaS stands on building custom solutions, catering your audience is the best way to go for it. Launching MVPs : Because you have no-code tools it is easier to deploy MVPs than ever before & you can build multiple tools at once. Adapt & Grow : This is about the business take feedback from customer add new feature remove few yada yada. Leverage the Growth : Here it is important you have learn to build communities out these tools. if you come up with any new ideas there is always a group of people, who will be able adapt & give you the feedback to improve. Conclusion : Either build something or adapt something quicker when that has built. What do you think Folks ??

CrewAI-Studio
github
LLM Vibe Score0.488
Human Vibe Score0.0100269728798468
strnadMar 28, 2025

CrewAI-Studio

CrewAI Studio Welcome to CrewAI Studio! This application provides a user-friendly interface written in Streamlit for interacting with CrewAI, suitable even for those who don't want to write any code. Follow the steps below to install and run the application using Docker/docker-compose or Conda/venv. Features Multi-platform support: Works on Windows, Linux and MacOS. No coding required: User-friendly interface for interacting with CrewAI. Conda and virtual environment support: Choose between Conda and a Python virtual environment for installation. Results history: You can view previous results. Knowledge sources: You can add knowledge sources for your crews CrewAI tools You can use crewai tools to interact with real world. ~~Crewai studio uses a forked version of crewai-tools with some bugfixes and enhancements (https://github.com/strnad/crewAI-tools)~~ (bugfixes already merged to crewai-tools) Custom Tools Custom tools for calling APIs, writing files, enhanced code interpreter, enhanced web scraper... More will be added soon LLM providers supported: Currently OpenAI, Groq, Anthropic, ollama, Grok and LM Studio backends are supported. OpenAI key is probably still needed for embeddings in many tools. Don't forget to load an embedding model when using LM Studio. Single Page app export: Feature to export crew as simple single page streamlit app. Threaded crew run: Crews can run in background and can be stopped. Support CrewAI Studio Your support helps fund the development and growth of our project. Every contribution is greatly appreciated! Donate with Bitcoin Sponsor via GitHub Screenshots Installation Using Virtual Environment For Virtual Environment: Ensure you have Python installed. If you dont have python instaled, you can simply use the conda installer. On Linux or MacOS Clone the repository (or use downloaded ZIP file): Run the installation script: Run the application: On Windows Clone the repository (or use downloaded ZIP file): Run the Conda installation script: Run the application: Using Conda Conda will be installed locally in the project folder. No need for a pre-existing Conda installation. On Linux Clone the repository (or use downloaded ZIP file): Run the Conda installation script: Run the application: On Windows Clone the repository (or use downloaded ZIP file): Run the Conda installation script: Run the application: One-Click Deployment Running with Docker Compose To quickly set up and run CrewAI-Studio using Docker Compose, follow these steps: Prerequisites Ensure Docker and Docker Compose are installed on your system. Steps Clone the repository: Create a .env file for configuration. Edit for your own configuration: Start the application with Docker Compose: Access the application: http://localhost:8501 Configuration Before running the application, ensure you update the .env file with your API keys and other necessary configurations. An example .env file is provided for reference. Troubleshooting In case of problems: Delete the venv/miniconda folder and reinstall crewai-studio. Rename crewai.db (it contains your crews but sometimes new versions can break compatibility). Raise an issue and I will help you. Video tutorial Video tutorial on CrewAI Studio made by Josh Poco Star History

ai-hub-gateway-solution-accelerator
github
LLM Vibe Score0.562
Human Vibe Score0.14530291803566378
Azure-SamplesMar 28, 2025

ai-hub-gateway-solution-accelerator

AI Hub Gateway Landing Zone accelerator The AI Hub Gateway Landing Zone is a solution accelerator that provides a set of guidelines and best practices for implementing a central AI API gateway to empower various line-of-business units in an organization to leverage Azure AI services. !user-story User Story The AI Hub Gateway Landing Zone architecture designed to be a central hub for AI services, providing a single point of entry for AI services, and enabling the organization to manage and govern AI services in a consistent manner. !AI Hub Gateway Landing Zone Key features !ai-hub-gateway-benefits.png Recent release updates: About: here you can see the recent updates to the gateway implementation Now this solution accelerator is updated to be enterprise ready with the following features: Improved OpenAI Usage Ingestion with the ability to ingest usage data from Azure OpenAI API for both streaming and non-streaming requests. Check the guide here Bring your own VNet is now supported with the ability to deploy the AI Hub Gateway Landing Zone in your own VNet. Check the guide here Throttling events monitoring is now supported with the ability to capture and raise too many requests status code as a custom metric in Application Insights. Check the guide here New gpt-4o Global Deployment is now part of the OpenAI resource provisioning Azure OpenAI API spec version was updated to to bring APIs for audio and batch among other advancements (note it is backward compatible with previous versions) AI usage reports enhancements with Cosmos Db now include a container for which include the $ pricing for AI models tokens (sample data can be found here), along with updated PowerBI dashboard design. Private connectivity now can be enabled by setting APIM deployment to External or Internal (require SKU to be either Developer or Premium) and it will provision all included Azure resources like (Azure OpenAI, Cosmos, Event Hub,...) with private endpoints. The AI Hub Gateway Landing Zone provides the following features: Centralized AI API Gateway: A central hub for AI services, providing a single point of entry for AI services that can be shared among multiple use-cases in a secure and governed approach. Seamless integration with Azure AI services: Ability to just update endpoints and keys in existing apps to switch to use AI Hub Gateway. AI routing and orchestration: The AI Hub Gateway Landing Zone provides a mechanism to route and orchestrate AI services, based on priority and target model enabling the organization to manage and govern AI services in a consistent manner. Granular access control: The AI Hub Gateway Landing Zone does not use master keys to access AI services, instead, it uses managed identities to access AI services while consumers can use gateway keys. Private connectivity: The AI Hub Gateway Landing Zone is designed to be deployed in a private network, and it uses private endpoints to access AI services. Capacity management: The AI Hub Gateway Landing Zone provides a mechanism to manage capacity based on requests and tokens. Usage & charge-back: The AI Hub Gateway Landing Zone provides a mechanism to track usage and charge-back to the respective business units with flexible integration with existing charge-back & data platforms. Resilient and scalable: The AI Hub Gateway Landing Zone is designed to be resilient and scalable, and it uses Azure API Management with its zonal redundancy and regional gateways which provides a scalable and resilient solution. Full observability: The AI Hub Gateway Landing Zone provides full observability with Azure Monitor, Application Insights, and Log Analytics with detailed insights into performance, usage, and errors. Hybrid support: The AI Hub Gateway Landing Zone approach the deployment of backends and gateway on Azure, on-premises or other clouds. !one-click-deploy One-click deploy This solution accelerator provides a one-click deploy option to deploy the AI Hub Gateway Landing Zone in your Azure subscription through Azure Developer CLI (azd) or Bicep (IaC). What is being deployed? !Azure components The one-click deploy option will deploy the following components in your Azure subscription: Azure API Management: Azure API Management is a fully managed service that powers most of the GenAI gateway capabilities. Application Insights: Application Insights is an extensible Application Performance Management (APM) service that will provides critical insights on the gateway operational performance. It will also include a dashboard for the key metrics. Event Hub: Event Hub is a fully managed, real-time data ingestion service that’s simple, trusted, and scalable and it is used to stream usage and charge-back data to target data and charge back platforms. Azure OpenAI: 3 instances of Azure OpenAI across 3 regions. Azure OpenAI is a cloud deployment of cutting edge generative models from OpenAI (like ChatGPT, DALL.E and more). Cosmos DB: Azure Cosmos DB is a fully managed NoSQL database for storing usage and charge-back data. Azure Function App: to support real-time event processing service that will be used to process the usage and charge-back data from Event Hub and push it to Cosmos DB. User Managed Identity: A user managed identity to be used by the Azure API Management to access the Azure OpenAI services/Event Hub and another for Azure Stream Analytics to access Event Hub and Cosmos DB. Virtual Network: A virtual network to host the Azure API Management and the other Azure resources. Private Endpoints & Private DNS Zones: Private endpoints for Azure OpenAI, Cosmos DB, Azure Function, Azure Monitor and Event Hub to enable private connectivity. Prerequisites In order to deploy and run this solution accelerator, you'll need Azure Account - If you're new to Azure, get an Azure account for free and you'll get some free Azure credits to get started. Azure subscription with access enabled for the Azure OpenAI service - You can request access. You can also visit the Cognitive Search docs to get some free Azure credits to get you started. Azure account permissions - Your Azure Account must have Microsoft.Authorization/roleAssignments/write permissions, such as User Access Administrator or Owner. For local development, you'll need: Azure CLI - The Azure CLI is a command-line tool that provides a great experience for managing Azure resources. You can install the Azure CLI on your local machine by following the instructions here. Azure Developer CLI (azd) - The Azure Developer CLI is a command-line tool that provides a great experience for deploying Azure resources. You can install the Azure Developer CLI on your local machine by following the instructions here VS Code - Visual Studio Code is a lightweight but powerful source code editor which runs on your desktop and is available for Windows, macOS, and Linux. You can install Visual Studio Code on your local machine by following the instructions here How to deploy? It is recommended to check first the main.bicep file that includes the deployment configuration and parameters. Make sure you have enough OpenAI capacity for gpt-35-turbo and embedding in the selected regions. Currently these are the default values: When you are happy with the configuration, you can deploy the solution using the following command: NOTE: If you faced any deployment errors, try to rerun the command as you might be facing a transient error. After that, you can start using the AI Hub Gateway Landing Zone through the Azure API Management on Azure Portal: !apim-test NOTE: You can use Azure Cloud Shell to run the above command, just clone this repository and run the command from the repo root folder. !docs Supporting documents To dive deeper into the AI Hub Gateway technical mechanics, you can check out the following guides: Architecture guides Architecture deep dive Deployment components API Management configuration OpenAI Usage Ingestion Bring your own Network Onboarding guides OpenAI Onboarding AI Search Onboarding Power BI Dashboard Throttling Events Alerts AI Studio Integration Additional guides End-to-end scenario (Chat with data) Hybrid deployment of AI Hub Gateway Deployment troubleshooting

obsei
github
LLM Vibe Score0.545
Human Vibe Score0.10175553624190911
obseiMar 27, 2025

obsei

Note: Obsei is still in alpha stage hence carefully use it in Production. Also, as it is constantly undergoing development hence master branch may contain many breaking changes. Please use released version. Obsei (pronounced "Ob see" | /əb-'sē/) is an open-source, low-code, AI powered automation tool. Obsei consists of - Observer: Collect unstructured data from various sources like tweets from Twitter, Subreddit comments on Reddit, page post's comments from Facebook, App Stores reviews, Google reviews, Amazon reviews, News, Website, etc. Analyzer: Analyze unstructured data collected with various AI tasks like classification, sentiment analysis, translation, PII, etc. Informer: Send analyzed data to various destinations like ticketing platforms, data storage, dataframe, etc so that the user can take further actions and perform analysis on the data. All the Observers can store their state in databases (Sqlite, Postgres, MySQL, etc.), making Obsei suitable for scheduled jobs or serverless applications. !Obsei diagram Future direction - Text, Image, Audio, Documents and Video oriented workflows Collect data from every possible private and public channels Add every possible workflow to an AI downstream application to automate manual cognitive workflows Use cases Obsei use cases are following, but not limited to - Social listening: Listening about social media posts, comments, customer feedback, etc. Alerting/Notification: To get auto-alerts for events such as customer complaints, qualified sales leads, etc. Automatic customer issue creation based on customer complaints on Social Media, Email, etc. Automatic assignment of proper tags to tickets based content of customer complaint for example login issue, sign up issue, delivery issue, etc. Extraction of deeper insight from feedbacks on various platforms Market research Creation of dataset for various AI tasks Many more based on creativity 💡 Installation Prerequisite Install the following (if not present already) - Install Python 3.7+ Install PIP Install Obsei You can install Obsei either via PIP or Conda based on your preference. To install latest released version - Install from master branch (if you want to try the latest features) - Note: all option will install all the dependencies which might not be needed for your workflow, alternatively following options are available to install minimal dependencies as per need - pip install obsei[source]: To install dependencies related to all observers pip install obsei[sink]: To install dependencies related to all informers pip install obsei[analyzer]: To install dependencies related to all analyzers, it will install pytorch as well pip install obsei[twitter-api]: To install dependencies related to Twitter observer pip install obsei[google-play-scraper]: To install dependencies related to Play Store review scrapper observer pip install obsei[google-play-api]: To install dependencies related to Google official play store review API based observer pip install obsei[app-store-scraper]: To install dependencies related to Apple App Store review scrapper observer pip install obsei[reddit-scraper]: To install dependencies related to Reddit post and comment scrapper observer pip install obsei[reddit-api]: To install dependencies related to Reddit official api based observer pip install obsei[pandas]: To install dependencies related to TSV/CSV/Pandas based observer and informer pip install obsei[google-news-scraper]: To install dependencies related to Google news scrapper observer pip install obsei[facebook-api]: To install dependencies related to Facebook official page post and comments api based observer pip install obsei[atlassian-api]: To install dependencies related to Jira official api based informer pip install obsei[elasticsearch]: To install dependencies related to elasticsearch informer pip install obsei[slack-api]:To install dependencies related to Slack official api based informer You can also mix multiple dependencies together in single installation command. For example to install dependencies Twitter observer, all analyzer, and Slack informer use following command - How to use Expand the following steps and create a workflow - Step 1: Configure Source/Observer Twitter Youtube Scrapper Facebook Email Google Maps Reviews Scrapper AppStore Reviews Scrapper Play Store Reviews Scrapper Reddit Reddit Scrapper Note: Reddit heavily rate limit scrappers, hence use it to fetch small data during long period Google News Web Crawler Pandas DataFrame Step 2: Configure Analyzer Note: To run transformers in an offline mode, check transformers offline mode. Some analyzer support GPU and to utilize pass device parameter. List of possible values of device parameter (default value auto): auto: GPU (cuda:0) will be used if available otherwise CPU will be used cpu: CPU will be used cuda:{id} - GPU will be used with provided CUDA device id Text Classification Text classification: Classify text into user provided categories. Sentiment Analyzer Sentiment Analyzer: Detect the sentiment of the text. Text classification can also perform sentiment analysis but if you don't want to use heavy-duty NLP model then use less resource hungry dictionary based Vader Sentiment detector. NER Analyzer NER (Named-Entity Recognition) Analyzer: Extract information and classify named entities mentioned in text into pre-defined categories such as person names, organizations, locations, medical codes, time expressions, quantities, monetary values, percentages, etc Translator PII Anonymizer Dummy Analyzer Dummy Analyzer: Does nothing. Its simply used for transforming the input (TextPayload) to output (TextPayload) and adding the user supplied dummy data. Step 3: Configure Sink/Informer Slack Zendesk Jira ElasticSearch Http Pandas DataFrame Logger This is useful for testing and dry running the pipeline. Step 4: Join and create workflow source will fetch data from the selected source, then feed it to the analyzer for processing, whose output we feed into a sink to get notified at that sink. Step 5: Execute workflow Copy the code snippets from Steps 1 to 4 into a python file, for example example.py and execute the following command - Demo We have a minimal streamlit based UI that you can use to test Obsei. !Screenshot Watch UI demo video Check demo at (Note: Sometimes the Streamlit demo might not work due to rate limiting, use the docker image (locally) in such cases.) To test locally, just run To run Obsei workflow easily using GitHub Actions (no sign ups and cloud hosting required), refer to this repo. Companies/Projects using Obsei Here are some companies/projects (alphabetical order) using Obsei. To add your company/project to the list, please raise a PR or contact us via email. Oraika: Contextually understand customer feedback 1Page: Giving a better context in meetings and calls Spacepulse: The operating system for spaces Superblog: A blazing fast alternative to WordPress and Medium Zolve: Creating a financial world beyond borders Utilize: No-code app builder for businesses with a deskless workforce Articles Sr. No. Title Author 1 AI based Comparative Customer Feedback Analysis Using Obsei Reena Bapna 2 LinkedIn App - User Feedback Analysis Himanshu Sharma Tutorials Sr. No. Workflow Colab Binder 1 Observe app reviews from Google play store, Analyze them by performing text classification and then Inform them on console via logger PlayStore Reviews → Classification → Logger 2 Observe app reviews from Google play store, PreProcess text via various text cleaning functions, Analyze them by performing text classification, Inform them to Pandas DataFrame and store resultant CSV to Google Drive PlayStore Reviews → PreProcessing → Classification → Pandas DataFrame → CSV in Google Drive 3 Observe app reviews from Apple app store, PreProcess text via various text cleaning function, Analyze them by performing text classification, Inform them to Pandas DataFrame and store resultant CSV to Google Drive AppStore Reviews → PreProcessing → Classification → Pandas DataFrame → CSV in Google Drive 4 Observe news article from Google news, PreProcess text via various text cleaning function, Analyze them via performing text classification while splitting text in small chunks and later computing final inference using given formula Google News → Text Cleaner → Text Splitter → Classification → Inference Aggregator 💡Tips: Handle large text classification via Obsei Documentation For detailed installation instructions, usages and examples, refer to our documentation. Support and Release Matrix Linux Mac Windows Remark Tests ✅ ✅ ✅ Low Coverage as difficult to test 3rd party libs PIP ✅ ✅ ✅ Fully Supported Conda ❌ ❌ ❌ Not Supported Discussion forum Discussion about Obsei can be done at community forum Changelogs Refer releases for changelogs Security Issue For any security issue please contact us via email Stargazers over time Maintainers This project is being maintained by Oraika Technologies. Lalit Pagaria and Girish Patel are maintainers of this project. License Copyright holder: Oraika Technologies Overall Apache 2.0 and you can read License file. Multiple other secondary permissive or weak copyleft licenses (LGPL, MIT, BSD etc.) for third-party components refer Attribution. To make project more commercial friendly, we void third party components which have strong copyleft licenses (GPL, AGPL etc.) into the project. Attribution This could not have been possible without these open source softwares. Contribution First off, thank you for even considering contributing to this package, every contribution big or small is greatly appreciated. Please refer our Contribution Guideline and Code of Conduct. Thanks so much to all our contributors

CollabAI
github
LLM Vibe Score0.449
Human Vibe Score0.07795191529604462
sjinnovationMar 27, 2025

CollabAI

CollabAI About Welcome to Collabai.software, where we've taken the world of AI to new heights. We've been working tirelessly to bring you the most advanced, user-friendly platform that seamlessly integrates with the powerful OpenAI API, Gemini, and Claude. Imagine running your own ChatGPT on your server, with the ability to manage access for your entire team. Picture creating custom AI assistants that cater to your unique needs, and organizing your employees into groups for streamlined collaboration. With Collabai.software, this is not just a dream, but a reality. Collabai.software Features: Self-Hosting on Your Cloud: Gain full control by hosting the platform on your private cloud. Ensure data privacy by using your API codes, allowing for secure data handling. Enhanced Team Management: Manage teams with private accounts and customizable access levels (Departments). Prompt Templates: Utilize generic templates to streamline team usage. Departmental Access & Assistant Assignment: Assign AI assistants to specific departments for shared team access. Customizable AI Assistants: Create personalized AI assistants for users or organizations. Tagging Feature in Chats: Organize and retrieve chat data efficiently with custom tags. Chat Storage and Retrieval: Save all chats and replies for future analysis, with an option to restore accidentally deleted chats from Trash. Optimized Performance: Experience our high-speed, efficient platform. Our clients have been using it for over a year, with some spending $1500-$2000 per month on the API. File Upload & GPT-4 Vision Integration: Enhance interactions by uploading files for analysis and sending pictures for AI description. OpenAI API, Gemini, and Claude Integration: Seamlessly integrate with the powerful OpenAI API, Gemini, and Claude for a comprehensive suite of AI capabilities. API-Based Function Calls: Execute custom functions and automate tasks directly through the API. Usage Monitoring: Track your daily and monthly API usage costs to optimize spending. Day and Night Mode: Switch between light and dark themes to enhance visual comfort. Additional Features: Private Accounts: Ensure the security and privacy of your team members' data. Customizable Access Levels: Tailor access permissions to meet the specific needs of your organization. Shared Team Access: Foster collaboration by assigning AI assistants to specific departments or teams. AI-Powered File Analysis: Gain insights and automate tasks by uploading files for AI analysis. AI-Generated Image Descriptions: Enhance communication and understanding by sending pictures for AI-powered descriptions. !image !image !image Folder Structure Client The client folder contains the React-based frontend code for the application. This includes JSX, CSS, and JavaScript files, as well as any additional assets such as images or fonts. Below is a brief overview of the main subdirectories within the client folder: src: This directory contains the React components, styles, and scripts for the frontend application. public: Static assets, such as images or favicon.ico, go here. This folder is served as-is and not processed by the build system. Server The server folder contains all the backend-related code for the application, following a Model-View-Controller (MVC) pattern. Here is a breakdown of the main subdirectories within the server folder: controllers: This directory holds the controller files responsible for handling requests, processing data, and interacting with models. models: Data models and database-related code are organized in this folder. config: Configuration files for the backend, such as database configuration or any other service configuration should be stored here, can be stored in this directory. Getting Started Follow the steps below to get the project up and running. Prerequisites Node.js (Version: >=20.x) MongoDB NPM Development Setup Clone the Repository bash cd client Install Dependencies bash cd ../server Install Backend Dependencies bash npm start To initialize the application data and create a superadmin user, you can use either cURL or Postman: Using cURL If you prefer command-line tools, you can use curl to make a POST request to the /init-setup endpoint. Open your terminal and run the following command: curl -X POST http://localhost:8011/api/init -H "Content-Type: application/json" -d '{ "fname": "Super", "lname": "Admin", "email": "superadmin@example.com", "password": "yourSecurePassword", "employeeCount": 100, "companyName": "INIT_COMPANY" }' Initializing Setup with Postman Open Postman: Launch the Postman application. Create a New Request: Click on the '+' or 'New' button to create a new request. Set HTTP Method to POST: Ensure that the HTTP method is set to POST. Enter URL: Enter the URL http://localhost:8011/api/init. Set Headers: Go to the 'Headers' tab. Set Content-Type to application/json. Set Request Body: Switch to the 'Body' tab. Select the 'raw' radio button. Enter the JSON data for your superadmin user: Send Request: Click the 'Send' button to make the request. This will send a POST request to http://localhost:8011/api/init with the provided JSON payload, creating a superadmin user with the specified details. Site Setup: Login with the superadmin credentials and set up your site by adding configs from your settings page, for ex. API keys, etc. Reference CollaborativeAI Reference Guide Contributing If you would like to contribute to the project, we welcome your contributions! Please follow the guidelines outlined in the CONTRIBUTING.md file. Feel free to raise issues, suggest new features, or send pull requests to help improve the project. Your involvement is greatly appreciated! Thank you for contributing to our project! License MIT

voicefilter
github
LLM Vibe Score0.496
Human Vibe Score0.029786815978503328
maum-aiMar 24, 2025

voicefilter

VoiceFilter Note from Seung-won (2020.10.25) Hi everyone! It's Seung-won from MINDs Lab, Inc. It's been a long time since I've released this open-source, and I didn't expect this repository to grab such a great amount of attention for a long time. I would like to thank everyone for giving such attention, and also Mr. Quan Wang (the first author of the VoiceFilter paper) for referring this project in his paper. Actually, this project was done by me when it was only 3 months after I started studying deep learning & speech separation without a supervisor in the relevant field. Back then, I didn't know what is a power-law compression, and the correct way to validate/test the models. Now that I've spent more time on deep learning & speech since then (I also wrote a paper published at Interspeech 2020 😊), I can observe some obvious mistakes that I've made. Those issues were kindly raised by GitHub users; please refer to the Issues and Pull Requests for that. That being said, this repository can be quite unreliable, and I would like to remind everyone to use this code at their own risk (as specified in LICENSE). Unfortunately, I can't afford extra time on revising this project or reviewing the Issues / Pull Requests. Instead, I would like to offer some pointers to newer, more reliable resources: VoiceFilter-Lite: This is a newer version of VoiceFilter presented at Interspeech 2020, which is also written by Mr. Quan Wang (and his colleagues at Google). I highly recommend checking this paper, since it focused on a more realistic situation where VoiceFilter is needed. List of VoiceFilter implementation available on GitHub: In March 2019, this repository was the only available open-source implementation of VoiceFilter. However, much better implementations that deserve more attention became available across GitHub. Please check them, and choose the one that meets your demand. PyTorch Lightning: Back in 2019, I could not find a great deep-learning project template for myself, so I and my colleagues had used this project as a template for other new projects. For people who are searching for such project template, I would like to strongly recommend PyTorch Lightning. Even though I had done a lot of effort into developing my own template during 2019 (VoiceFilter -> RandWireNN -> MelNet -> MelGAN), I found PyTorch Lightning much better than my own template. Thanks for reading, and I wish everyone good health during the global pandemic situation. Best regards, Seung-won Park Unofficial PyTorch implementation of Google AI's: VoiceFilter: Targeted Voice Separation by Speaker-Conditioned Spectrogram Masking. Result Training took about 20 hours on AWS p3.2xlarge(NVIDIA V100). Audio Sample Listen to audio sample at webpage: http://swpark.me/voicefilter/ Metric | Median SDR | Paper | Ours | | ---------------------- | ----- | ---- | | before VoiceFilter | 2.5 | 1.9 | | after VoiceFilter | 12.6 | 10.2 | SDR converged at 10, which is slightly lower than paper's. Dependencies Python and packages This code was tested on Python 3.6 with PyTorch 1.0.1. Other packages can be installed by: Miscellaneous ffmpeg-normalize is used for resampling and normalizing wav files. See README.md of ffmpeg-normalize for installation. Prepare Dataset Download LibriSpeech dataset To replicate VoiceFilter paper, get LibriSpeech dataset at http://www.openslr.org/12/. train-clear-100.tar.gz(6.3G) contains speech of 252 speakers, and train-clear-360.tar.gz(23G) contains 922 speakers. You may use either, but the more speakers you have in dataset, the more better VoiceFilter will be. Resample & Normalize wav files First, unzip tar.gz file to desired folder: Next, copy utils/normalize-resample.sh to root directory of unzipped data folder. Then: Edit config.yaml Preprocess wav files In order to boost training speed, perform STFT for each files before training by: This will create 100,000(train) + 1000(test) data. (About 160G) Train VoiceFilter Get pretrained model for speaker recognition system VoiceFilter utilizes speaker recognition system (d-vector embeddings). Here, we provide pretrained model for obtaining d-vector embeddings. This model was trained with VoxCeleb2 dataset, where utterances are randomly fit to time length [70, 90] frames. Tests are done with window 80 / hop 40 and have shown equal error rate about 1%. Data used for test were selected from first 8 speakers of VoxCeleb1 test dataset, where 10 utterances per each speakers are randomly selected. Update: Evaluation on VoxCeleb1 selected pair showed 7.4% EER. The model can be downloaded at this GDrive link. Run After specifying traindir, testdir at config.yaml, run: This will create chkpt/name and logs/name at base directory(-b option, . in default) View tensorboardX Resuming from checkpoint Evaluate Possible improvments Try power-law compressed reconstruction error as loss function, instead of MSE. (See #14) Author Seungwon Park at MINDsLab (yyyyy@snu.ac.kr, swpark@mindslab.ai) License Apache License 2.0 This repository contains codes adapted/copied from the followings: utils/adabound.py from https://github.com/Luolc/AdaBound (Apache License 2.0) utils/audio.py from https://github.com/keithito/tacotron (MIT License) utils/hparams.py from https://github.com/HarryVolek/PyTorchSpeakerVerification (No License specified) utils/normalize-resample.sh from https://unix.stackexchange.com/a/216475

business-document-processing
github
LLM Vibe Score0.341
Human Vibe Score0.023080316664879252
SAPMar 21, 2025

business-document-processing

Python Client Library for the SAP AI Business Services: Document Classification and Document Information Extraction This repository contains the source code of a Python client library to facilitate the use of the SAP AI Business Services: Document Classification and Document Information Extraction. The client library provides two API Client classes that contain convenient methods to access these services and issue calls to the Document Classification REST API and Document Information Extraction REST API respectively. To use the library you need to have access to SAP Business Technology Platform. Check out the usage examples, they are very useful to get started with the services. Have a look at API documentation in order to use the library. Notes for users of the sap-document-classification-client library This library includes all the capabilities of the sap-document-classification-client, which will not be developed further. However, the code is still available here. If you want to switch to this library, you have to be aware of the following changes: The DCApiClient can now be imported directly from the top module via: The functions , , now return an iterator instead of a list. You can either analyze individual results using with within a try-catch block (e.g. to handle each failed document) or use to turn it to a list. The latter will raise an error if at least one document failed. The function now returns a list which is the "dataset" part of the API response json. (You just need to delete the \["dataset"\] from the response to work with it as until now) The function now returns a list which is the "results" part of the API response json. The function now returns a list which is the "models" part of the API response json. The function now returns a list which is the "deployments" part of the API response json. The library now raises the following custom exceptions: BDPApiException: Base exception for all exceptions of this library. Raise when no other exception is applicable. BDPClientException: Raised when an HTTP response with status code between 400 and 500 is returned. Usually means incorrect user input. (Replaces some HTTPErrors) BDPServerException: Raised when an HTTP response with status code between 500 and 600 is returned. Usually means that the server had some internal error. (Replaces some HTTPErrors) BDPUnauthorizedException: Raised when an HTTP response with status code 401 is returned. Usually means that a wrong OAuth credentials were provided. BDPFailedAsynchronousOperationException: Raised when an asynchronous job failed during processing. (Replaces FailedCallException) BDPPollingTimeoutException: Raised when an asynchronous job exceeds the set pollingmaxattempts. (Replaces PollingTimeoutException) The function now doesnt expect an 'url' and 'payload' parameters, but 'path' and 'json' parameters instead. Requirements This library requires properly setup Python 3.6 (or higher version) environment. Download and Installation This Python library should be consumed in the standard way by running or adding the library as a dependency of your code in requirements.txt` file. Demo usage Prerequisites: Get a Free Account on SAP BTP Trial Create Service Instance for Document Classification with Trial Account Create Service Instance for Document Information Extraction Document Classification To try out the Document classification service using the document classification client library you can also run the two demo links below: Try out classification using default model demo Try out training and classification using custom model demo (requires an enterprise account, trial account is not sufficient) Document Information Extraction Try out the Document Information Extraction service with this showcase Exercises Exercise 1 - Set up Document Information Extraction Service and UI Exercise 2 - Upload a document for extraction using UI application Exercise 3 - Visualize, correct extraction results and confirm document using UI application Exercise 4 - Get Auth token to use Document Information Extraction Rest API Exercise 5 - Get extraction results of document using Rest API Exercise 6 - Upload supplier Data for matching Exercise 7 - Upload document through Rest API to enrich the extraction Results with supplier data Known Issues Please see the issues section. How to obtain support In case you would like to contribute to this project, ask any questions or get support, please open an issue containing the description of your question or planned contribution in GitHub and we will get in touch. Licensing Please see our LICENSE for copyright and license information. Detailed information including third-party components and their licensing/copyright information is available via the REUSE tool.

internet-tools-collection
github
LLM Vibe Score0.236
Human Vibe Score0.009333333333333334
bogdanmosicaJan 23, 2025

internet-tools-collection

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Love 3D Icon [](https://free3dicons.com/) Downloads free 3D icons GIMP - GNU Image Manipulation Program [](https://www.gimp.org/) GIMP - The GNU Image Manipulation Program: The Free and Open Source Image Editor blender.org - Home of the Blender project - Free and Open 3D Creation Software [](https://www.blender.org/) The Freedom to Create 3D Design Software | 3D Modeling on the Web | SketchUp [](https://www.sketchup.com/) SketchUp is a premier 3D design software that truly makes 3D modeling for everyone, with a simple to learn yet robust toolset that empowers you to create whatever you can imagine. Free Logo Maker - Create a Logo in Seconds - Shopify [](https://www.shopify.com/tools/logo-maker) Free logo maker tool to generate custom design logos in seconds. This logo creator is built for entrepreneurs on the go with hundreds of templates, free vectors, fonts and icons to design your own logo. The easiest way to create business logos online. All your design tools in one place | Renderforest [](https://www.renderforest.com/) Time to get your brand noticed. Create professional videos, logos, mockups, websites, and graphics — all in one place. Get started now! Prompt Hero [](https://prompthero.com/) Type Scale - A Visual Calculator [](https://type-scale.com/) Preview and choose the right type scale for your project. Experiment with font size, scale and different webfonts. DreamFusion: Text-to-3D using 2D Diffusion [](https://dreamfusion3d.github.io/) DreamFusion: Text-to-3D using 2D Diffusion, 2022. The branding style guidelines documents archive [](https://brandingstyleguides.com/) Welcome to the brand design manual documents directory. Search over our worldwide style assets handpicked collection, access to PDF documents for inspiration. Super designer | Create beautiful designs with a few clicks [](https://superdesigner.co/) Create beautiful designs with a few clicks. Simple design tools to generate unique patterns, backgrounds, 3D shapes, colors & images for social media, websites and more Readymag—a design tool to create websites without coding [](https://readymag.com/) Meet the most elegant, simple and powerful web-tool for designing websites, presentations, portfolios and all kinds of digital publications. ffflux: Online SVG Fluid Gradient Background Generator | fffuel [](https://fffuel.co/ffflux/) SVG generator to make fluid gradient backgrounds that feel organic and motion-like. Perfect to add a feeling of motion and fluidity to your web designs. Generate unique SVG design assets | Haikei [](https://haikei.app/) A web-based design tool to generate unique SVG design assets for websites, social media, blog posts, desktop and mobile wallpapers, posters, and more! Our generators let you discover, customize, randomize, and export generative SVG design assets ready to use with your favorite design tools. UI/UX - Inspirational Free Website Builder Software | 10,000+ Free Templates [](https://nicepage.com/) Nicepage is your website builder software breaking limitations common for website builders with revolutionary freehand positioning. 7000+ Free Templates. Easy Drag-n-Drop. No coding. Mobile-friendly. Clean HTML. Super designer | Create beautiful designs with a few clicks [](https://superdesigner.co/) Create beautiful designs with a few clicks. Simple design tools to generate unique patterns, backgrounds, 3D shapes, colors & images for social media, websites and more Pika – Create beautiful mockups from screenshots [](https://pika.style/) Quickly create beautiful website and device mockup from screenshot. Pika lets you capture website screenshots form URL, add device and browser frames, customize background and more LiveTerm [](https://liveterm.vercel.app/) Minimal Gallery – Web design inspiration [](https://minimal.gallery/) For the love of beautiful, clean and functional websites. Awwwards - Website Awards - Best Web Design Trends [](https://www.awwwards.com/) Awwwards are the Website Awards that recognize and promote the talent and effort of the best developers, designers and web agencies in the world. Design Systems For Figma [](https://www.designsystemsforfigma.com/) A collection of Design Systems for Figma from all over the globe. Superside: Design At Scale For Ambitious Brands [](https://www.superside.com/) We are an always-on design company. Get a team of dedicated designers, speedy turnarounds, magical creative collaboration tech and the top 1% of global talent. UXArchive - Made by Waldo [](https://uxarchive.com/) UXArchive the world's largest library of mobile user flows. Be inspired to design the best user experiences. Search by Muzli [](https://search.muz.li/) Search, discover, test and create beautiful color palettes for your projects Siteinspire | Web Design Inspiration [](https://www.siteinspire.com/) SAVEE [](https://savee.it/) The best way to save and share inspiration. A little corner of the internet to find good landing page copywriting examples [](https://greatlandingpagecopy.com/) A little corner of the internet to find great landing page copywriting examples. The Best Landing Page Examples For Design Inspiration - SaaS Landing Page [](https://saaslandingpage.com/) SaaS Landing Page showcases the best landing page examples created by top-class SaaS companies. Get ideas and inspirations for your next design project. Websites Free templates Premium Bootstrap Themes and Templates: Download @ Creative Tim [](https://www.creative-tim.com/) UI Kits, Templates and Dashboards built on top of Bootstrap, Vue.js, React, Angular, Node.js and Laravel. Join over 2,014,387+ creatives to access all our products! Free Bootstrap Themes, Templates, Snippets, and Guides - Start Bootstrap [](https://startbootstrap.com/) Start Bootstrap develops free to download, open source Bootstrap 5 themes, templates, and snippets and creates guides and tutorials to help you learn more about designing and developing with Bootstrap. Free Website Templates [](https://freewebsitetemplates.com/) Get your free website templates here and use them on your website without needing to link back to us. One Page Love - One Page Website Inspiration and Templates [](https://onepagelove.com/) One Page Love is a One Page website design gallery showcasing the best Single Page websites, templates and resources. Free CSS | 3400 Free Website Templates, CSS Templates and Open Source Templates [](https://www.free-css.com/) Free CSS has 3400 free website templates, all templates are free CSS templates, open source templates or creative commons templates. Free Bootstrap Themes and Website Templates | BootstrapMade [](https://bootstrapmade.com/) At BootstrapMade, we create beautiful website templates and bootstrap themes using Bootstrap, the most popular HTML, CSS and JavaScript framework. Free and Premium Bootstrap Themes, Templates by Themesberg [](https://themesberg.com/) Free and Premium Bootstrap themes, templates, admin dashboards and UI kits used by over 38820 web developers and software companies HTML, Vue.js and React templates for startup landing pages - Cruip [](https://cruip.com/) Cruip is a gallery of premium and free HTML, Vue.js and React templates for startups and SaaS. Free Website Templates Download | WordPress Themes - W3Layouts [](https://w3layouts.com/) Want to download free website templates? W3Layouts WordPress themes and website templates are built with responsive web design techniques. Download now! Free HTML Landing Page Templates and UI Kits | UIdeck [](https://uideck.com/) Free HTML Landing Page Templates, Bootstrap Themes, React Templates, HTML Templates, Tailwind Templates, and UI Kits. Create Online Graphics Snappa - Quick & Easy Graphic Design Software [](https://snappa.com/) Snappa makes it easy to create any type of online graphic. Create & publish images for social media, blogs, ads, and more! Canva [](https://www.canva.com/) Polotno Studio - Make graphical designs [](https://studio.polotno.com) Free online design editor. Create images for social media, youtube previews, facebook covers Free Logo Maker: Design Custom Logos | Adobe Express [](https://www.adobe.com/express/create/logo) The Adobe Express logo maker is instant, intuitive, and intelligent. Use it to generate a wide range of possibilities for your own logo. Photo Editor: Fotor – Free Online Photo Editing & Image Editor [](https://www.fotor.com/) Fotor's online photo editor helps you edit photos with free online photo editing tools. Crop photos, resize images, and add effects/filters, text, and graphics in just a few clicks. Photoshop online has never been easier with Fotor's free online photo editor. VistaCreate – Free Graphic Design Software with 70,000+ Free Templates [](https://create.vista.com/) Looking for free graphic design software? Easily create professional designs with VistaCreate, a free design tool with powerful features and 50K+ ready-made templates Draw Freely | Inkscape [](https://inkscape.org/) Inkscape is professional quality vector graphics software which runs on Linux, Mac OS X and Windows desktop computers. Visual & Video Maker Trusted By 11 Million Users - Piktochart [](https://piktochart.com/) With Piktochart, you can create professional-looking infographics, flyers, posters, charts, videos, and more. No design experience needed. Start for free. The Web's Favorite Online Graphic Design Tool | Stencil [](https://getstencil.com/) Stencil is a fantastically easy-to-use online graphic design tool and image editor built for business owners, social media marketers, and bloggers. Pablo by Buffer - Design engaging images for your social media posts in under 30 seconds [](https://pablo.buffer.com/) Buffer makes it super easy to share any page you're reading. Keep your Buffer topped up and we automagically share them for you through the day. Free Online Graphic Design Software | Create stunning designs in seconds. [](https://desygner.com/) Easy drag and drop graphic design tool for anyone to use with 1000's of ready made templates. Create & print professional business cards, flyers, social posts and more. Color Pallet Color Palettes for Designers and Artists - Color Hunt [](https://colorhunt.co/) Discover the newest hand-picked color palettes of Color Hunt. Get color inspiration for your design and art projects. Coolors - The super fast color palettes generator! [](https://coolors.co/) Generate or browse beautiful color combinations for your designs. Get color palette inspiration from nature - colorpalettes.earth [](https://colorpalettes.earth/) Color palettes inspired by beautiful nature photos Color Palette Generator - Create Beautiful Color Schemes [](https://colors.muz.li/) Search, discover, test and create beautiful color palettes for your projects A Most Useful Color Picker | 0to255 [](https://0to255.com/) Find lighter and darker colors based on any color. Discover why over two million people have used 0to255 to choose colors for their website, logo, room interior, and print design projects. Colour Contrast Checker [](https://colourcontrast.cc/) Check the contrast between different colour combinations against WCAG standards Fonts Google Fonts [](https://fonts.google.com/) Making the web more beautiful, fast, and open through great typography Fonts In Use – Type at work in the real world. [](https://fontsinuse.com/) A searchable archive of typographic design, indexed by typeface, format, and topic. Wordmark - Helps you choose fonts! [](https://wordmark.it/) Wordmark helps you choose fonts by quickly displaying your text with your fonts. OH no Type Company [](https://ohnotype.co/) OH no Type Co. Retail and custom typefaces. Life’s a thrill, fonts are chill! Illustrations Illustrations | unDraw [](https://undraw.co/illustrations) The design project with open-source illustrations for any idea you can imagine and create. Create beautiful websites, products and applications with your color, for free. Design Junction [](https://designjunction.xyz/) Design Junction is a one-stop resource library for Designers and Creatives with curated list of best resources handpicked from around the web Humaaans: Mix-&-Match illustration library [](https://www.humaaans.com/) Mix-&-match illustrations of people with a design library for InVIsion Studio and Sketch. Stubborn - Free Illustrations Generator [](https://stubborn.fun/) Free illustrations generator for Figma and Sketch. Get the opportunity to design your characters using symbols and styles. Open Peeps, Hand-Drawn Illustration Library [](https://www.openpeeps.com/) Open Peeps is a hand-drawn illustration library to create scenes of people. You can use them in product illustration, marketing, comics, product states, user flows, personas, storyboarding, quinceañera invitations, or whatever you want! ⠀ Reshot | Free icons & illustrations [](https://www.reshot.com/) Design freely with instant downloads of curated SVG icons and vector illustrations. All free with commercial licensing. No attribution required. Blush: Illustrations for everyone [](https://blush.design/) Blush makes it easy to add free illustrations to your designs. Play with fully customizable graphics made by artists across the globe. Mockups Angle 4 - 5000+ Device Mockups for Figma, Sketch and XD [](https://angle.sh/) Vector mockups for iPhone, iPad, Android and Mac devices, including the new iPhone 13, Pro, Pro Max and Mini. Perfect for presenting your apps. Huge library of components, compositions, wallpapers and plugins made for Figma, Sketch and XD. Make Mockups, Logos, Videos and Designs in Seconds [](https://placeit.net/) Get unlimited downloads on all our 100K templates! You can make a logo, video, mockup, flyer, business card and social media image in seconds right from your browser. Free and premium tools for graphic designers | Lstore Graphics [](https://www.ls.graphics/) Free and premium mockups, UI/UX tools, scene creators for busy designers Logo Design & Brand Identity Platform for Entrepreneurs | Looka [](https://looka.com/) Logojoy is now Looka! Design a Logo, make a website, and create a Brand Identity you’ll love with the power of Artificial Intelligence. 100% free to use. Create stunning product mockups easily and online - Smartmockups [](https://smartmockups.com/) Smartmockups enables you to create stunning high-resolution mockups right inside your browser within one interface across multiple devices. Previewed - Free mockup generator for your app [](https://previewed.app/) Join Previewed to create stunning 3D image shots and animations for your app. Choose from hundreds of ready made mockups, or create your own. Free Design Software - Graphic Online Maker - Glorify [](https://www.glorify.com/) Create professional and high converting social media posts, ads, infographics, presentations, and more with Glorify, a free design software & graphic maker. Other BuiltWith Technology Lookup [](https://builtwith.com/) Web technology information profiler tool. Find out what a website is built with. Compress JPEG Images Online [](https://compressjpeg.com/) Compress JPEG images and photos for displaying on web pages, sharing on social networks or sending by email. PhotoRoom - Remove Background and Create Product Pictures [](https://www.photoroom.com/) Create product and portrait pictures using only your phone. Remove background, change background and showcase products. Magic Eraser - Remove unwanted things from images in seconds [](https://www.magiceraser.io/) Magic Eraser - Use AI to remove unwanted things from images in seconds. Upload an image, mark the bit you need removed, download the fixed up image. Compressor.io - optimize and compress JPEG photos and PNG images [](https://compressor.io/) Optimize and compress JPEG, PNG, SVG, GIF and WEBP images online. Compress, resize and rename your photos for free. Remove Video Background – Unscreen [](https://www.unscreen.com/) Remove the background of any video - 100% automatically, online & free! Goodbye Greenscreen. Hello Unscreen. Noun Project: Free Icons & Stock Photos for Everything [](https://thenounproject.com/) Noun Project features the most diverse collection of icons and stock photos ever. Download SVG and PNG. Browse over 5 million art-quality icons and photos. Design Principles [](https://principles.design/) An Open Source collection of Design Principles and methods Shapefest™ - A massive library of free 3D shapes [](https://www.shapefest.com/) A massive free library of beautifully rendered 3D shapes. 160,000+ high resolution PNG images in one cohesive library. Learning UX Degreeless.design - Everything I Learned in Design School [](https://degreeless.design/) This is a list of everything I've found useful in my journey of learning design, and an ongoing list of things I think you should read. For budding UX, UI, Interaction, or whatever other title designers. UX Tools | Practical UX skills and tools [](https://uxtools.co/) Lessons and resources from two full-time product designers. Built For Mars [](https://builtformars.com/) On a mission to help the world build better user experiences by demystifying UX. Thousands of hours of research packed into UX case studies. Case Study Club – Curated UX Case Study Gallery [](https://www.casestudy.club/) Case Study Club is the biggest curated gallery of the best UI/UX design case studies. Get inspired by industry-leading designers, openly sharing their UX process. The Guide to Design [](https://start.uxdesign.cc/) A self-guided class to help you get started in UX and answer key questions about craft, design, and career Uxcel - Where design careers are built [](https://app.uxcel.com/explore) Available on any device anywhere in the world, Uxcel is the best way to improve and learn UX design online in just 5 minutes per day. UI & UX Design Tips by Jim Raptis. [](https://www.uidesign.tips/) Learn UI & UX Design with practical byte-sized tips and in-depth articles from Jim Raptis. Entrepreneur Instant Username Search [](https://instantusername.com/#/) Instant Username Search checks out if your username is available on more than 100 social media sites. Results appear instantly as you type. Flourish | Data Visualization & Storytelling [](https://flourish.studio/) Beautiful, easy data visualization and storytelling PiPiADS - #1 TikTok Ads Spy Tool [](https://www.pipiads.com/) PiPiADS is the best tiktok ads spy tool .We provide tiktok advertising,advertising on tiktok,tiktok ads examples,tiktok ads library,tiktok ads best practices,so you can understand the tiktok ads cost and master the tiktok ads 2021 and tiktok ads manager. Minea - The best adspy for product search in ecommerce and dropshipping [](https://en.minea.com/) Minea is the ultimate e-commerce product search tool. Minea tracks all ads on all networks. Facebook Ads, influencer product placements, Snapspy, all networks are tracked. Stop paying adspy 149€ for one network and discover Minea. AdSpy [](https://adspy.com/) Google Trends [](https://trends.google.com/) ScoreApp: Advanced Quiz Funnel Marketing | Make a Quiz Today [](https://www.scoreapp.com/) ScoreApp makes quiz funnel marketing easy, so you can attract relevant warm leads, insightful data and increase your sales. Try for free today Mailmodo - Send Interactive Emails That Drive Conversions [](https://www.mailmodo.com/) Use Mailmodo to create and send interactive emails your customers love. Drive conversions and get better email ROI. Sign up for a free trial now. 185 Top E-Commerce Sites Ranked by User Experience Performance – Baymard Institute [](https://baymard.com/ux-benchmark) See the ranked UX performance of the 185 largest e-commerce sites in the US and Europe. The chart summarizes 50,000+ UX performance ratings. Metricool - Analyze, manage and measure your digital content [](https://metricool.com/) Social media scheduling, web analytics, link in bio and reporting. Metricool is free per live for one brand. START HERE Visualping: #1 Website change detection, monitoring and alerts [](https://visualping.io/) More than 1.5 millions users monitor changes in websites with Visualping, the No1 website change detection, website checker, webpage change monitoring and webpage change detection tool. Gumroad – Sell what you know and see what sticks [](https://gumroad.com/) Gumroad is a powerful, but simple, e-commerce platform. We make it easy to earn your first dollar online by selling digital products, memberships and more. Product Hunt – The best new products in tech. [](https://www.producthunt.com/) Product Hunt is a curation of the best new products, every day. Discover the latest mobile apps, websites, and technology products that everyone's talking about. 12ft Ladder [](https://12ft.io/) Show me a 10ft paywall, I’ll show you a 12ft ladder. namecheckr | Social and Domain Name Availability Search For Brand Professionals [](https://www.namecheckr.com/) Social and Domain Name Availability Search For Brand Professionals Excel AI Formula Generator - Excelformulabot.com [](https://excelformulabot.com/) Transform your text instructions into Excel formulas in seconds with the help of AI. Z-Library [](https://z-lib.org/) Global Print On Demand Platform | Gelato [](https://www.gelato.com/) Create and sell custom products online. With local production in 33 countries, easy integration, and 24/7 customer support, Gelato is an all-in-one platform. Freecycle: Front Door [](https://freecycle.org/) Free eBooks | Project Gutenberg [](https://www.gutenberg.org/) Project Gutenberg is a library of free eBooks. Convertio — File Converter [](https://convertio.co/) Convertio - Easy tool to convert files online. More than 309 different document, image, spreadsheet, ebook, archive, presentation, audio and video formats supported. Namechk [](https://namechk.com/) Crazy Egg Website — Optimization | Heatmaps, Recordings, Surveys & A/B Testing [](https://www.crazyegg.com/) Use Crazy Egg to see what's hot and what's not, and to know what your web visitors are doing with tools, such as heatmaps, recordings, surveys, A/B testing & more. Ifttt [](https://ifttt.com/) Also Asked [](https://alsoasked.com/) Business Name Generator - Easily create Brandable Business Names - Namelix [](https://namelix.com/) Namelix uses artificial intelligence to create a short, brandable business name. Search for domain availability, and instantly generate a logo for your new business Merch Informer [](https://merchinformer.com/) Headline Generator [](https://www.title-generator.com/) Title Generator: create 700 headlines with ONE CLICK: Content Ideas + Catchy Headlines + Ad Campaign E-mail Subject Lines + Emotional Titles. Simple - Efficient - One Click Make [](https://www.make.com/en) Create and add calculator widgets to your website | CALCONIC_ [](https://www.calconic.com/) Web calculator builder empowers you to choose from a pre-made templates or build your own calculator widgets from a scratch without any need of programming knowledge Boost Your Views And Subscribers On YouTube - vidIQ [](https://vidiq.com/) vidIQ helps you acquire the tools and knowledge needed to grow your audience faster on YouTube and beyond. Learn More Last Pass [](https://www.lastpass.com/) Starter Story: Learn How People Are Starting Successful Businesses [](https://www.starterstory.com/) Starter Story interviews successful entrepreneurs and shares the stories behind their businesses. In each interview, we ask how they got started, how they grew, and how they run their business today. How To Say No [](https://www.starterstory.com/how-to-say-no) Saying no is hard, but it's also essential for your sanity. Here are some templates for how to say no - so you can take back your life. Think with Google - Discover Marketing Research & Digital Trends [](https://www.thinkwithgoogle.com/) Uncover the latest marketing research and digital trends with data reports, guides, infographics, and articles from Think with Google. ClickUp™ | One app to replace them all [](https://clickup.com/) Our mission is to make the world more productive. To do this, we built one app to replace them all - Tasks, Docs, Goals, and Chat. The Manual [](https://manual.withcompound.com/) Wealth-planning resources for founders and startup employees Software for Amazon FBA Sellers & Walmart Sellers | Helium 10 [](https://www.helium10.com/) If you're looking for the best software for Amazon FBA & Walmart sellers on the market, check out Helium 10's capabilities online today! Buffer: All-you-need social media toolkit for small businesses [](https://buffer.com/) Use Buffer to manage your social media so that you have more time for your business. Join 160,000+ small businesses today. CPGD — The Consumer Packaged Goods Directory [](https://www.cpgd.xyz/) The Consumer Packaged Goods Directory is a platform to discover new brands and resources. We share weekly trends in our newsletter and partner with services to provide vetted, recommended platforms for our Directory brands. Jungle Scout [](https://www.junglescout.com/) BuzzSumo | The World's #1 Content Marketing Platform [](https://buzzsumo.com/) BuzzSumo powers the strategies of 500k+ marketers, with content marketing data on 8b articles, 42m websites, 300t engagements, 500k journalists & 492m questions. Login - Capital [](https://app.capital.xyz/) Raise, hold, spend, and send funds — all in one place. Marketing Pictory – Video Marketing Made Easy - Pictory.ai [](https://pictory.ai/) Pictory's powerful AI enables you to create and edit professional quality videos using text, no technical skills required or software to download. Tolstoy | Communicate with interactive videos [](https://www.gotolstoy.com/) Start having face-to-face conversations with your customers. Create Email Marketing Your Audience Will Love - MailerLite [](https://www.mailerlite.com/) Email marketing tools to grow your audience faster and drive revenue smarter. Get free access to premium features with a 30-day trial! Sign up now! Hypefury - Schedule & Automate Social Media Marketing [](https://hypefury.com/) Save time on social media while creating more value, and growing your audience faster. Schedule & automate your social media experience! Klaviyo: Marketing Automation Platform for Email & SMS [](https://www.klaviyo.com/) Klaviyo, an ecommerce marketing automation platform for email marketing and sms syncs your tech stack with your website store to scale your business. Online Email & Lead Scraper | Klean Leads [](https://www.kleanleads.com/) Klean Leads is an online email scraper & email address finder. Use it to book more appointments, get more replies, and close more sales. PhantomBuster [](https://phantombuster.com/) Call to Action Examples - 300+ CTA Phrases [](https://ctaexamples.com/) See the best CTA example in every situation covered by the library of 300+ CTA goals. Use the examples to create your own CTAs in minutes. Creative Center: one-stop creative solution for TikTok [](https://ads.tiktok.com/business/creativecenter/pc/en?from=001010) Come to get your next great idea for TikTok. Here you can find the best performing ads, viral videos, and trending hashtags across regions and verticals. Groove.cm GrooveFunnels, GrooveMail with CRM and Digital Marketing Automation Platform - Groove.cm with GrooveFunnels, GroovePages, GrooveKart [](https://groove.cm/) Groove is a website creator, page builder, sales funnel maker, membership site platform, email autoresponder, blog tool, shopping cart system, ecommerce store solution, affiliate manager, video marketing software and more apps to help build your online business. SurveyMonkey: The World’s Most Popular Free Online Survey Tool [](https://www.surveymonkey.com/) Use SurveyMonkey to drive your business forward by using our free online survey tool to capture the voices and opinions of the people who matter most to you. Video Maker | Create Videos Online | Promo.com [](https://promo.com/) Free customizable video maker to help boost your business. Video creator for ads, social media, product and explainer videos, and for anything else you need! beehiiv — The newsletter platform built for growth [](https://www.beehiiv.com/) Access the best tools available in email, helping your newsletter scale and monetize like never before. GetResponse | Professional Email Marketing for Everyone [](https://www.getresponse.com/) No matter your level of expertise, we have a solution for you. At GetResponse, it's email marketing done right. Start your free account today! Search Email Newsletter Archives : Email Tuna [](https://emailtuna.com/) Explore newsletters without subscribing. Get email design ideas, discount coupon codes and exclusive newsletters deals. Database of email newsletters archived from all over the internet. Other Tools Simplescraper — Scrape Websites and turn them into APIs [](https://simplescraper.io/) Web scraping made easy — a powerful and free Chrome extension for scraping websites in your browser, automated in the cloud, or via API. No code required. Exploding Topics - Discover the hottest new trends. [](https://explodingtopics.com/) See new market opportunities, trending topics, emerging technology, hot startups and more on Exploding Topics. Scribe | Visual step-by-step guides [](https://scribehow.com/) By capturing your process while you work, Scribe automatically generates a visual guide, ready to share with the click of a button. Get It Free – The internet's BEST place to find free stuff! [](https://getitfree.us/) The internet's BEST place to find free stuff! Inflact by Ingramer – Marketing toolkit for Instagram [](https://inflact.com/) Sell on Instagram, build your audience, curate content with the right set of tools. Free Online Form Builder & Form Creator | Jotform [](https://www.jotform.com/) We believe the right form makes all the difference. Go from busywork to less work with powerful forms that use conditional logic, accept payments, generate reports, and automate workflows. Manage Your Team’s Projects From Anywhere | Trello [](https://trello.com/en) Trello is the ultimate project management tool. Start up a board in seconds, automate tedious tasks, and collaborate anywhere, even on mobile. TikTok hashtag generator - tiktokhashtags.com [](https://tiktokhashtags.com/) Find out which are the best hashtags for your TikTok post. Create Infographics, Reports and Maps - Infogram [](https://infogram.com/) Infogram is an easy to use infographic and chart maker. Create and share beautiful infographics, online reports, and interactive maps. Make your own here. Confetto - Create Instagram content in minutes [](https://www.confet.to/) Confetto is an all-in-one social media marketing tool built for SMBs and Social Media Managers. Confetto helps you create high-quality content for your audience that maximizes your reach and engagement on social media. Design, copy-write, plan and schedule content all in one place. Find email addresses in seconds • Hunter (Email Hunter) [](https://hunter.io/) Hunter is the leading solution to find and verify professional email addresses. Start using Hunter and connect with the people that matter for your business. PlayPhrase.me: Site for cinema archaeologists. [](https://playphrase.me/) Travel and explore the world of cinema. Largest collection of video quotes from movies on the web. #1 Free SEO Tools → SEO Review Tools [](https://www.seoreviewtools.com/) SEO Review Tools: 42+ Free Online SEO Tools build with ❤! → Rank checker → Domain Authority Checker → Keyword Tool → Backlink Checker Podcastle: Seamless Podcast Recording & Editing [](https://podcastle.ai/) Podcastle is the simplest way to create professional-quality podcasts. Record, edit, transcribe, and export your content with the power of AI, in an intuitive web-based platform. Save Ads from TikTok & Facebook Ad Library - Foreplay [](https://www.foreplay.co/) The best way to save ads from TikTok Creative Center and Facebook Ad Library, Organize them into boards and share ad inspiration with your team. Supercharge your creative strategy. SiteRight - Automate Your Business [](https://www.siteright.co/) SiteRight combines the abilities of multiple online resources into a single dashboard allowing you to have full control over how you manage your business. Diffchecker - Compare text online to find the difference between two text files [](https://www.diffchecker.com/) Diffchecker will compare text to find the difference between two text files. Just paste your files and click Find Difference! Yout.com [](https://yout.com/) Yout.com allows you to record videos from YouTube, FaceBook, SoundCloud, VK and others too many formats with clipping. Intuitively easy to use, with Yout the Internet DVR, with a bit of extra. AI Content Generation | Competitor Analysis - Predis.ai [](https://predis.ai/) Predis helps brands and influencers communicate better on social media by providing AI-powered content strategy analysis, content and hashtag recommendations. Castr | #1 Live Video Streaming Solution With Video Hosting [](https://castr.io/) Castr is a live video streaming solution platform that delivers enterprise-grade live videos globally with CDN. Live event streaming, video hosting, pre-recorded live, multi stream – all in one place using Castr. Headliner - Promote your podcast, radio show or blog with video [](https://www.headliner.app/) Easily create videos to promote your podcast, radio show or blog. Share to Instagram, Facebook, Twitter, YouTube, Linkedin and anywhere video lives Create Presentations, Infographics, Design & Video | Visme [](https://www.visme.co/) Create professional presentations, interactive infographics, beautiful design and engaging videos, all in one place. Start using Visme today. Designrr - Create eBooks, Kindle books, Leadmagnets, Flipbooks and Blog posts from your content in 2 minutes [](https://designrr.io/) Upload any web page, MS Word, Video, Podcast or YouTube and it will create a stunning ebook and convert it to pdf, epub, Kindle or Flipbook. Quick and Easy to use. Full Training, 24x7 Support and Facebook Group Included. SwipeWell | Swipe File Software [](https://www.swipewell.app/) The only Chrome extension dedicated to helping you save, organize, and reference marketing examples (so you never feel stumped). Tango | Create how-to guides, in seconds [](https://www.tango.us/) Tango takes the pain out of documenting processes by automatically generating how-to guides while you work. Empower your team to do their best work. Ad Creative Bank [](https://www.theadcreativebank.com/) Get inspired by ads from across industries, learn new best practices, and start thinking creatively about your brand’s digital creative. Signature Hound • Free Email Signature and Template Generator [](https://signaturehound.com/) Our email signature generator is free and easy to use. Our customizable templates work with Gmail, Outlook, Office 365, Apple Mail and more. Organize All Of Your Marketing In One Place - CoSchedule [](https://coschedule.com/) Get more done in less time with the only work management software for marketers. B Ok - Books [](https://b-ok.xyz/categories) OmmWriter [](https://ommwriter.com/) Ommwriter Rebrandly | Custom URL Shortener, Branded Link Management, API [](https://www.rebrandly.com/) URL Shortener with custom domains. Shorten, brand and track URLs with the industry-leading link management platform. Free to try. API, Short URL, Custom Domains. Common Tools [](https://www.commontools.org/) Book Bolt [](https://bookbolt.io/) Zazzle [](https://www.zazzle.com/) InspiroBot [](https://inspirobot.me/) Download Free Cheat Sheets or Create Your Own! - Cheatography.com: Cheat Sheets For Every Occasion [](https://cheatography.com/) Find thousands of incredible, original programming cheat sheets, all free to download. No Code Chatbot Platform | Free Chatbot Platform | WotNot [](https://wotnot.io/) WotNot is the best no code chatbot platform to build AI bot easily without coding. Deploy bots and live chat on the Website, Messenger, WhatsApp, and more. SpyFu - Competitor Keyword Research Tools for Google Ads PPC & SEO [](https://www.spyfu.com/) Systeme.io - The only tool you need to launch your online business [](https://systeme.io/) Systeme.io has all the tools you need to grow your online business. Click here to create your FREE account! Productivity Temp Mail [](https://temp-mail.org/en/) The Visual Collaboration Platform for Every Team | Miro [](https://miro.com/) Scalable, secure, cross-device and enterprise-ready team collaboration whiteboard for distributed teams. Join 35M+ users from around the world. Grammarly: Free Online Writing Assistant [](https://www.grammarly.com/) Millions trust Grammarly’s free writing app to make their online writing clear and effective. Getting started is simple — download Grammarly’s extension today. Rize · Maximize Your Productivity [](https://rize.io/) Rize is a smart time tracker that improves your focus and helps you build better work habits. Motion | Manage calendars, meetings, projects & tasks in one app [](https://www.usemotion.com/) Automatically prioritize tasks, schedule meetings, and resolve calendar conflicts. Used by over 10k CEOs and professionals to improve focus, get more done, and streamline workday. Notion – One workspace. Every team. [](https://www.notion.so/) We’re more than a doc. Or a table. Customize Notion to work the way you do. Loom: Async Video Messaging for Work | Loom [](https://www.loom.com/) Record your screen, share your thoughts, and get things done faster with async video. Zapier | Automation that moves you forward [](https://zapier.com/) Workflow automation for everyone. Zapier automates your work across 5,000+ app integrations, so you can focus on what matters. Rows — The spreadsheet with superpowers [](https://rows.com/) Combine the power of a spreadsheet with built-in integrations from your business apps. Automate workflows and build tools that make work simpler. Free Online Form Builder | Tally [](https://tally.so/) Tally is the simplest way to create free forms & surveys. Create any type of form in seconds, without knowing how to code, and for free. Highbrow | Learn Something New Every Day. Join for Free! 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PDF Tools Free PDF, Video, Image & Other Online Tools - TinyWow [](https://tinywow.com/) Smallpdf.com - A Free Solution to all your PDF Problems [](https://smallpdf.com/) Smallpdf - the platform that makes it super easy to convert and edit all your PDF files. Solving all your PDF problems in one place - and yes, free. Sejda helps with your PDF tasks [](https://www.sejda.com/) Sejda helps with your PDF tasks. Quick and simple online service, no installation required! Split, merge or convert PDF to images, alternate mix or split scans and many other. iLovePDF | Online PDF tools for PDF lovers [](https://www.ilovepdf.com/) iLovePDF is an online service to work with PDF files completely free and easy to use. Merge PDF, split PDF, compress PDF, office to PDF, PDF to JPG and more! Text rewrite QuillBot [](https://quillbot.com/) Pre Post SEO : Online SEO Tools [](https://www.prepostseo.com/) Free Online SEO Tools: plagiarism checker, grammar checker, image compressor, website seo checker, article rewriter, back link checker Wordtune | Your personal writing assistant & editor [](https://www.wordtune.com/) Wordtune is the ultimate AI writing tool that rewrites, rephrases, and rewords your writing! Trusted by over 1,000,000 users, Wordtune strengthens articles, academic papers, essays, emails and any other online content. Aliexpress alternatives CJdropshipping - Dropshipping from Worldwide to Worldwide! [](https://cjdropshipping.com/) China's reliable eCommerce dropshipping fulfillment supplier, helps small businesses ship worldwide, dropship and fulfillment services that are friendly to start-ups and small businesses, Shopify dropshipping. SaleHoo [](https://www.salehoo.com/) Alibaba.com: Manufacturers, Suppliers, Exporters & Importers from the world's largest online B2B marketplace [](https://www.alibaba.com/) Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site. Import & Export on alibaba.com Best Dropshipping Suppliers for US + EU Products | Spocket [](https://www.spocket.co/) Spocket allows you to easily start dropshipping top products from US and EU suppliers. Get started for free and see why Spocket consistently gets 5 stars. Best dropshipping supplier to the US [](https://www.usadrop.com/) THE ONLY AMERICAN-MADE FULFILLMENT CENTER IN CHINA. Our knowledge of the Worldwide dropshipping market and the Chinese Supply-Chain can't be beat! 阿里1688 [](https://www.1688.com/) 阿里巴巴(1688.com)是全球企业间(B2B)电子商务的著名品牌,为数千万网商提供海量商机信息和便捷安全的在线交易市场,也是商人们以商会友、真实互动的社区平台。目前1688.com已覆盖原材料、工业品、服装服饰、家居百货、小商品等12个行业大类,提供从原料--生产--加工--现货等一系列的供应产品和服务 Dropshipping Tools Oberlo | Where Self Made is Made [](https://www.oberlo.com/) Start selling online now with Shopify. All the videos, podcasts, ebooks, and dropshipping tools you'll need to build your online empire. Klaviyo: Marketing Automation Platform for Email & SMS [](https://www.klaviyo.com/) Klaviyo, an ecommerce marketing automation platform for email marketing and sms syncs your tech stack with your website store to scale your business. SMSBump | SMS Marketing E-Commerce App for Shopify [](https://smsbump.com/) SMSBump is an SMS marketing & automation app for Shopify. Segment customers, recover orders, send campaign text messages with a 35%+ click through rate. AfterShip: The #1 Shipment Tracking Platform [](https://www.aftership.com/) Order status lookup, branded tracking page, and multi-carrier tracking API for eCommerce. Supports USPS, FedEx, UPS, and 900+ carriers worldwide. #1 Dropshipping App | Zendrop [](https://zendrop.com/) Start and scale your own dropshipping business with Zendrop. Sell and easily fulfill your orders with the fastest shipping in the industry. Best Dropshipping Suppliers for US + EU Products | Spocket [](https://www.spocket.co/) Spocket allows you to easily start dropshipping top products from US and EU suppliers. Get started for free and see why Spocket consistently gets 5 stars. Video Editing Jitter • The simplest motion design tool on the web. [](https://jitter.video/) Animate your designs easily. Export your creations as videos or GIFs. All in your browser. 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Kapwing — Reach more people with your content [](https://www.kapwing.com/) Kapwing is a collaborative, online content creation platform that you can use to edit video and create content. Join over 10 million modern creators who trust Kapwing to create, edit, and grow their content on every channel. Panzoid [](https://panzoid.com/) Powerful, free online apps and community for creating beautiful custom content. Google Web Designer - Home [](https://webdesigner.withgoogle.com/) Kapwing — Reach more people with your content [](https://www.kapwing.com/) Kapwing is a collaborative, online content creation platform that you can use to edit video and create content. Join over 10 million modern creators who trust Kapwing to create, edit, and grow their content on every channel. ClipDrop [](https://clipdrop.co/) Create professional visuals without a photo studio CapCut [](https://www.capcut.com/) CapCut is an all-in-one online video editing software which makes creation, upload & share easier, with frame by frame track editor, cloud drive etc. VEED - Online Video Editor - Video Editing Made Simple [](https://www.veed.io/) Make stunning videos with a single click. Cut, trim, crop, add subtitles and more. Online, no account needed. Try it now, free. VEED Free Video Maker | Create & Edit Your Videos Easily - Animoto [](https://animoto.com/k/welcome) Create, edit, and share videos with our online video maker. Combine your photos, video clips, and music to make quality videos in minutes. Get started free! Runway - Online Video Editor | Everything you need to make content, fast. [](https://runwayml.com/) Discover advanced video editing capabilities to take your creations to the next level. CreatorKit - A.I. video creator for marketers [](https://creatorkit.com/) Create videos with just one click, using our A.I. video editor purpose built for marketers. Create scroll stopping videos, Instagram stories, Ads, Reels, and TikTok videos. Pixar in a Box | Computing | Khan Academy [](https://www.khanacademy.org/computing/pixar) 3D Video Motions Plask - AI Motion Capture and 3D Animation Tool [](https://plask.ai/) Plask is an all-in-one browser-based AI motion capture tool and animation editor that anybody can use, from motion designers to every day content creators. Captions Captions [](https://www.getcaptions.app/) Say hello to Captions, the only camera and editing app that automatically transcribes, captions and clips your talking videos for you. Stock videos Pexels [](https://www.pexels.com/) Pixabay [](https://pixabay.com/) Mixkit - Awesome free assets for your next video project [](https://mixkit.co/) Download Free Stock Video Footage, Stock Music & Premiere Pro Templates for your next video editing project. All assets can be downloaded for free! Free Stock Video Footage HD 4K Download Royalty-Free Clips [](https://www.videvo.net/) Download free stock video footage with over 300,000 video clips in 4K and HD. We also offer a wide selection of music and sound effect files with over 180,000 clips available. Click here to download royalty-free licensing videos, motion graphics, music and sound effects from Videvo today. Free Stock Video Footage HD Royalty-Free Videos Download [](https://mazwai.com/) Download free stock video footage with clips available in HD. Click here to download royalty-free licensing videos from Mazwai now. Royalty Free Stock Video Footage Clips | Vidsplay.com [](https://www.vidsplay.com/) Royalty Free Stock Video Footage Clips Free Stock Video Footage, Royalty Free Videos for Download [](https://coverr.co/) Download royalty free (for personal and commercial use), unique and beautiful video footage for your website or any project. No attribution required. Stock Photos Beautiful Free Images & Pictures | Unsplash [](https://unsplash.com/) Beautiful, free images and photos that you can download and use for any project. Better than any royalty free or stock photos. When we share, everyone wins - Creative Commons [](https://creativecommons.org/) Creative Commons licenses are 20! Honoring 20 years of open sharing using CC licenses, join us in 2022 to celebrate Better Sharing — advancing universal access to knowledge and culture, and fostering creativity, innovation, and collaboration. Help us reach our goal of raising $15 million for a future of Better Sharing.  20 Years of Better … Read More "When we share, everyone wins" Food Pictures • Foodiesfeed • Free Food Photos [](https://www.foodiesfeed.com/) Download 2000+ food pictures ⋆ The best free food photos for commercial use ⋆ CC0 license Free Stock Photos and Images for Websites & Commercial Use [](https://burst.shopify.com/) Browse thousands of beautiful copyright-free images. All our pictures are free to download for personal and commercial use, no attribution required. EyeEm | Authentic Stock Photography and Royalty-Free Images [](https://www.eyeem.com/) Explore high-quality, royalty-free stock photos for commercial use. License individual images or save money with our flexible subscription and image pack plans. picjumbo: Free Stock Photos [](https://picjumbo.com/) Free stock photos and images for your projects and websites.️ Beautiful 100% free high-resolution stock images with no watermark. Free Stock Photos, Images, and Vectors [](https://www.stockvault.net/) 139.738 free stock photos, textures, backgrounds and graphics for your next project. No attribution required. Free Stock Photos, PNGs, Templates & Mockups | rawpixel [](https://www.rawpixel.com/) Free images, PNGs, stickers, backgrounds, wallpapers, graphic templates and PSD mockups. All safe to use with commercial licenses. Free Commercial Stock Photos & Royalty Free Images | PikWizard [](https://pikwizard.com/) Free images, videos & free stock photos. Unlimited downloads ✓ Royalty-free Images ✓Copyright-free for commercial use ✓ No Attribution Required Design Bundles [](https://designbundles.net/) Stock music Royalty Free Music for video creators | Epidemic Sound [](https://www.epidemicsound.com/) Download premium Royalty free Music and SFX! Our free trial gives you access to over 35,000 tracks and 90,000 sound effects for video, streaming and more! Royalty-Free Music & SFX for Video Creators | Artlist [](https://artlist.io/) Explore the ultimate royalty-free music & sound effects catalogs for unlimited use in YouTube videos, social media & films created by inspiring indie artists worldwide. The go-to music licensing choice for all creators Royalty Free Audio Tracks - Envato Elements [](https://elements.envato.com/audio) Download Royalty Free Stock Audio Tracks for your next project from Envato Elements. Premium, High Quality handpicked Audio files ideal for any genre. License popular music for videos • Lickd [](https://lickd.co/) The only place you can license popular music for videos. Access 1M+ mainstream tracks, plus high-quality stock music for content creators NCS (NoCopyrightSounds) - free music for content creators [](https://ncs.io/) NCS is a Record Label dedicated to giving a platform to the next generation of Artists in electronic music, representing genres from house to dubstep via trap, drum & bass, electro pop and more. Search Engine Optimization Keyword Tool For Monthly Search Volume, CPC & Competition [](https://keywordseverywhere.com/) Keywords Everywhere is a browser add-on for Chrome & Firefox that shows search volume, CPC & competition on multiple websites. Semrush - Online Marketing Can Be Easy [](https://www.semrush.com/) Turn the algorithm into a friend. Make your business visible online with 55+ tools for SEO, PPC, content, social media, competitive research, and more. DuckDuckGo — Privacy, simplified. [](https://duckduckgo.com/) The Internet privacy company that empowers you to seamlessly take control of your personal information online, without any tradeoffs. SEO Software for 360° Analysis of Your Website [](https://seranking.com/) Leading SEO software for business owners, agencies, and SEO specialists. Track your rankings, monitor competitors, spot technical errors, and more. Skyrocket your organic traffic with Surfer [](https://surferseo.com/) Use Surfer to research, write, optimize, and audit! Everything you need to create a comprehensive content strategy that yields real results is right here. Ahrefs - SEO Tools & Resources To Grow Your Search Traffic [](https://ahrefs.com/) You don't have to be an SEO pro to rank higher and get more traffic. Join Ahrefs – we're a powerful but easy to learn SEO toolset with a passionate community. Neon Tools [](https://neontools.io/) Google Index Search [](https://lumpysoft.com/) Google Index Search SEO Backlink Checker & Link Building Toolset | Majestic.com [](https://majestic.com/) Develop backlink strategies with our Link Intelligence data, build the strongest SEO backlink campaigns to drive organic traffic and boost your rankings today. PageOptimizer Pro [](https://pageoptimizer.pro/) Plans Services SEO Consulting Learn SEO About Blog POP SEO Community Podcast Support POP On Page Workshops With Kyle Roof POP Chrome Extension Guide Tutorial Videos Frequently Asked Questions Best Practices Login Cancel Anytime Plans Services SEO Consulting Learn SEO About Blog POP SEO Community Podcast Support POP On Page… Keyword Chef - Keywords for Publishers [](https://keywordchef.com/) Rank Insanely Fast for Keywords Your Competition Can’t Find “Every long-tail keyword I find ends up ranking within a day” – Dane Eyerly, Owner at TextGoods.com Keyword Chef automatically finds and filters keywords for you. Real-time SERP analysis lets you find keywords nearly guaranteed to rank. Try for free → Let’s face it, most keyword tools ... Read more Notifier - Social Listening for Social Media and More! [](https://notifier.so/) Track keywords. Market your product for free. Drive the conversation. Easy. Free Trial. No obligation ever. Simple. Fast. Trusted by Top Companies. Free Keyword Research Tool from Wordtracker [](https://www.wordtracker.com/) The best FREE alternative to the Keyword Planner. Use Wordtracker to reveal 1000s of profitable longtail keywords with up to 10,000 results per search Blog Posts The 60 Hottest Front-end Tools of 2021 | CSS-Tricks - CSS-Tricks [](https://css-tricks.com/hottest-front-end-tools-in-2021/) A complete list of the most popular front-end tools in 2021, according to the Web Tools Weekly newsletter. See which resources made the list. Resume ResumeGlow - AI Powered Resume Builder [](https://resumeglow.com/) Get hired fast with a resume that grabs attention. Designed by a team of HR experts and typographers. Customizable templates with more than a million possible Create Your Job-winning Resume - (Free) Resume maker · Resume.io [](https://resume.io/) Free online resume maker, allows you to create a perfect Resume or Cover Letter in 5 minutes. See how easy it is to write a professional resume - apply for jobs today! Rezi - The Leading AI-Powered Free Resume Builder [](https://www.rezi.ai/) Rezi’s award-winning AI-powered resume builder is trusted by hundreds of thousands of job seekers. Create your perfect resume in minutes with Rezi. Create a Perfect Resume | Free Resume Builder | Resumaker.ai [](https://resumaker.ai/) Create your professional resume with this online resume maker. Choose a designer-made template and grab any employer attention in seconds. Trusted AI Resume Maker Helps You Get Hired Fast [](https://skillroads.com/) Reach a 96.4% success rate in the job hunt race with the best resume creator. Our innovative technologies and 24/7 support help you to become a perfect candidate for any job. Do not lose your chance to become the One. Kickresume | Best Online Resume & Cover Letter Builder [](https://www.kickresume.com/) Create your best resume yet. Online resume and cover letter builder used by 1,300,000 job seekers worldwide. Professional templates approved by recruiters. ResumeMaker.Online | Create a Professional Resume for Free [](https://www.resumemaker.online/) Save time with the easiest-to-use Resume Maker Online. Create an effective resume in just minutes and land your dream job. No Sign-up required, start now! Interviews Interview Warmup - Grow with Google [](https://grow.google/certificates/interview-warmup/) A quick way to prepare for your next interview. Practice key questions, get insights about your answers, and get more comfortable interviewing. No code website builder Carrd - Simple, free, fully responsive one-page sites for pretty much anything [](https://carrd.co/) A free platform for building simple, fully responsive one-page sites for pretty much anything. Webflow: Create a custom website | No-code website builder [](https://webflow.com/) Create professional, custom websites in a completely visual canvas with no code. Learn how to create a website by trying Webflow for free! Google Sites: Sign-in [](https://sites.google.com/) FlutterFlow - Build beautiful, modern apps incredibly fast! [](https://flutterflow.io/) FlutterFlow lets you build apps incredibly fast in your browser. Build fully functional apps with Firebase integration, API support, animations, and more. Export your code or even easier deploy directly to the app stores! Free Website Builder: Build a Free Website or Online Store | Weebly [](https://www.weebly.com/) Weebly’s free website builder makes it easy to create a website, blog, or online store. Find customizable templates, domains, and easy-to-use tools for any type of business website. Glide • No Code App Builder • Nocode Application Development [](https://www.glideapps.com/) Create the apps your business needs, without coding, waiting or overpaying. Get started for free and build an app today Adalo - Build Your Own No Code App [](https://www.adalo.com/) Adalo makes creating apps as easy as putting together a slide deck. Turn your idea into a real native app — no code needed! Siter.io - The collaborative web design tool, no-code website builder [](https://siter.io/) Siter.io is a visual website builder for designers. Prototype, design, and create responsive websites in the browser. Work together with your team in one place. Elementor: #1 Free WordPress Website Builder | Elementor.com [](https://elementor.com/) Elementor is the platform web creators choose to build professional WordPress websites, grow their skills, and build their business. Start for free today! No code app builder | Bravo Studio [](https://www.bravostudio.app/) Your no-code mobile app builder for iOS and Android. Create MVP’s, validate ideas and publish on App Store and Google Play Store. Home [](https://typedream.com/) The simplest way to build a website with no-code, as easy as writing on Notion. Try Typedream for free and upgrade for custom domains, collaborators, and unlimited pages. Free Website Builder | Create a Free Website | Wix.com [](https://www.wix.com/) Create a website with Wix’s robust website builder. With 900+ strategically designed templates and advanced SEO and marketing tools, build your brand online today. Free responsive Emails & Landing Pages drag-and-drop Editor | BEE [](https://beefree.io/) Free responsive emails and landing pages editor. With BEE drag-and-drop builders embedded in many software applications you can start designing now! Home [](https://typedream.com/) The simplest way to build a website with no-code, as easy as writing on Notion. Try Typedream for free and upgrade for custom domains, collaborators, and unlimited pages. Ownit Connected Checkout [](https://www.ownit.co/) Ownit Connected Checkout Bookmark.com | No-code Website Builder to Start Your Business [](https://www.bookmark.com/) Our AI powered platform ensures your business is future proof. Try Bookmark for free. The best way to build web apps without code | Bubble [](https://bubble.io/) Bubble introduces a new way to build software. It’s a no-code tool that lets you build SaaS platforms, marketplaces and CRMs without code. Bubble hosts all web apps on its cloud platform. Responsive Web Design | Website Creation | Editor X [](https://www.editorx.com/) Experience the future of website design with responsive layouts, CSS precision and smooth drag and drop. Create a Website for Free. Tilda Website Builder [](https://tilda.cc/) Create a website, online store, landing page with Tilda intuitive website builder. Build your site from hundreds of pre-designed templates and publish it today. No code required. No-code headless commerce and websites | Unstack Inc. [](https://www.unstack.com/) Deploy high performance eCommerce storefronts and websites without the engineering overhead using Unstack's no-code CMS Best Drag-and-Drop Website Builder | Jemi [](https://jemi.so/) The modern website builder for creatives, entrepreneurs, and dreamers. Build a beautiful link in bio site, portfolio, or landing page in minutes. No-code website builder that works like Notion [](https://popsy.co/) Create a beautiful no-code website in minutes. Popsy works just like Notion but is built from the ground up for building websites. Choose a free template. Edit content just like in Notion. Customize styles without code. Free Notion icons and illustrations. Unbounce - The Landing Page Builder & Platform [](https://unbounce.com/) Grow your relevance, leads, and sales with Unbounce. Use Unbounce to easily create and optimize landing pages for your small business and boost conversions with AI insights. Low-code Front-end Design & Development Platform | TeleportHQ [](https://teleporthq.io/) Front-end development platform, with a visual builder and headless content modelling capabilities. Static website creation, and UI development tools. Other tools used in no code website MemberSpace - Turn any part of your website into members-only with just a few clicks [](https://www.memberspace.com/) Create memberships on your website for anything you want like courses, video tutorials, member directories, and more while having 100% control over look & feel. Triggre | The number one true no-code platform to run your business [](https://www.triggre.com/) The best no-code platform to create highly advanced business applications in hours, without programming. Try it now for free! 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