Raising

Explore resources related to raising to help implement AI solutions for your business.

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Consistent-Wafer7325•This 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.

#reddit#behind#scene

reddit

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Consistent-Wafer7325•This 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.

#reddit#behind#scene

reddit

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Masony817•This week

Raising sf venture in the south

So I currenlty run a tech startup in Chattanooga TN (between nashville and atlanta) and this city is very few and far between in tech or startup funding. I am planning on moving to SF someday but my girlfriend is still in school here for the next year and we can't quite afford to move to the bay area yet. My startup needs funding and there is little to no vc's in the area and if you can find someone interested in a deal then they want 30% or more of your company. How hard would it be to raise a 350k pre-seed (with 5-10 customers at 250/mo b2b ai powered smb call management) remotely?

#reddit#raising#venture

reddit

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uwalkirun•This week

Created the Shopify Alternative in a 3rd world country “I will not promote”

Built a Shopify alternative I’ve been a long-time follower of this subreddit and have always valued the insights shared here. Today, I’m reaching out to share our story and seek advice or guidance on potential next steps for our business. Four years ago, we set out to build a local e-commerce platform tailored to the unique challenges of operating in a third-world country where global solutions like Shopify fall short. Shopify, while a fantastic platform, doesn’t provide localized support or integrations here, and the costs of running a Shopify store are prohibitively high due to: The need for multiple apps to replicate basic functionality Expensive international support calls or long chat queues Higher payment gateway fees (no Shopify Pay) USD-only subscription payments, which incur additional bank conversion fees And more We built a solution that addresses these pain points, and today, we’re proud to have over 4,000 merchants on our platform, with 1,600+ paying customers. We’re processing over $1 million per month across 50,000+ orders, which translates to a significant impact in our local economy. As experienced founders, we’ve managed our financials meticulously, allowing us to thrive while many local competitors have shut down. However, scaling in our current economic climate has been challenging, and raising capital has proven to be incredibly tough. We’re exploring strategic options, including potential partnerships, acquisitions, or investments. For example, we believe our platform could be an attractive opportunity for a player like Shopify or another company looking to expand into emerging markets. I’m reaching out to this community to ask: Are there doors we haven’t knocked on? Are there opportunities or strategies we might be overlooking? Any advice, introductions, or insights would be immensely appreciated. Thank you for taking the time to read this, and I look forward to any feedback or ideas you might have! [post refined by AI]

#reddit#created#shopify

reddit

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Royal_Rest8409•This 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.

#reddit#founder#built

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Kato_Tedomoji•This week

Technical entrepreneur looking for next team

Hi everyone, I'm a 10+ year veteran software developer with a proven track record of building consumer-facing products (shipped 10+ projects, 5 for consumers). However, I'm not looking to build another consumer facing product (we all know how difficult that is) unless you have the network and funds. I'm gearing up for my next venture and searching for the perfect co-pilot (or two!) with equal splits. -- Here's the skinny: You (ideal): Experienced (ideally with at least one failed project under your belt - learning is key!) Ready to grind and U.S based. Titles are meaningless - passion and hustle matter most. Are tired of tarpit ideas (dating app, fitness app, etc.) Bonus Points: Another technical co-founder to build magic with. Non-technical rockstars with skills in customer acquisition, fundraising, or deep industry knowledge. -- Please send me a DM! Let's chat and see if we can build something together. -- Full disclosure: I did use AI to write some of these because I'm not super great at writing these out

#reddit#technical#entrepreneur

reddit

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GPT-Rex•This 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.

#reddit#idea#progress

reddit

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Secure-Proof-4872•This week

Non-technical founders with experienced outside vendor — ok?

I’m a non-technical cofounder of early stage startup. (“Non-technical” but I’ve developed multimedia courseware and led teams in the past (LMS, edu content, no code). My question: how crucial is it that my other biz founder and I have a technical co-founder for our data- and AI-driven product rather than use an experienced vendor whose team has been doing machine learning and AI for 10 years? During our manual work as consultants we have identified a problem in a niche market that can be solved via a combo of hard-to-gather data and AI (and other market-specific stuff that that we will train our LLM on). We’ve done market research, designed and validated the solution with potential customers in numerous interviews via click-through prototypes/wireframes, quantified TAM, SAM, SOM, written biz plan, etc. We have deep experience in our market having proven expertise over years. But as we’ve been learning about fundraising (we hope to begin a seed round in early 2025) we continually hear about the importance of technical cofounder. We get it— but our product will only be half-developed by a technical dev team. The other aspect to the product is: gathering hard to find data, and figuring out relationships in the data — that we will do via mapping work with a cohort with unique expertise in our niche market. Also our outside vendor is very reputable with years’ experience in AI and machine learning prior to the latest gen-AI craze — he’s not a newbie and has an established dev team. And our platform is not a consumer product but a more complicated SaaS product. Like, you can’t just code it by yourself. Sure, in the long run we can hire/bring everything in house, but would investors shy away from working with us if our short-term dev effort does not have a “technical” co-founder? Thanks for your thoughts.

#reddit#non-technical#founders

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Jazzlike_Act331•This week

Looking for a non-technical co-founder (I will not promote)

Hey everyone, I've launched an AI networking agent designed to connect people based on specific prompts. You describe the type of person you're looking for, and it provides a relevant contact. This tool can be used for hiring, procuring services, selling services, and more. I'm currently seeking a highly motivated, high-energy non-technical co-founder to handle sales and marketing, conduct customer interviews to grow our user base. No experience is required, only a strong willingness to succeed. We're completely bootstrapped but plan to start fundraising after securing our first paying users. If you're interested, shoot me a DM. i will not promote

#reddit#looking#non-technical

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Able_Swimming_4909•This 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.

#reddit#raise#2025?

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MHC2010•This week

West coast vs east coast investor attitude towards digital health and AI start-up

I am a neurologist and co-founder of a start-up company automating the detection of stroke in the home. We have been fundraising for the last few months and have had the experience of west coast investors telling us to ask for way more and east coast investors suggesting we ask for less. Many west coast investors seem excited by the AI component while many east coast investors see this aspect as a technical risk/a negative. Is this consistent with other people's experience and where on the east coast is the best place to try to fund-raise if you happen to be a start-up in the digital health space (unfortunately we are located in Virginia)? Thanks.

#reddit#west#coast

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Slight-Explanation29•This week

10y of product development, 2 bankruptcies, and 1 Exit — what next? [Extended Story]

10 years of obsessive pursuit from the bottom to impressive product-market fit and exit. Bootstrapping tech products as Software Developer and 3x Startup Founder (2 bankruptcies and 1 exit). Hi everyone, your motivation has inspired me to delve deeper into my story. So, as promised to some of you, I've expanded on it a bit more, along with my brief reflections. There are many founders, product creators, and proactive individuals, I’ve read many of your crazy stories and lessons so I decided to share mine and the lessons I learned from the bottom to impressive product-market fit and exit. I've spent almost the past 10 years building tech products as a Corporate Team Leader, Senior Software Developer, Online Course Creator, Programming Tutor, Head of Development/CTO, and 3x Startup Founder (2 bankruptcies, and 1 exit). And what next? good question... A brief summary of my journey: Chapter 1: Software Developer / Team Leader / Senior Software Developer I’ve always wanted to create products that win over users’ hearts, carry value, and influence users. Ever since my school days, I’ve loved the tech part of building digital products. At the beginning of school, I started hosting servers for games, blogs and internet forums, and other things that did not require much programming knowledge. My classmates and later even over 100 people played on servers that I hosted on my home PC. Later, as the only person in school, I passed the final exam in computer science. During my computer science studies, I started my first job as a software developer. It was crazy, I was spending 200–300 hours a month in the office attending also to daily classes. Yes, I didn’t have a life, but it truly was the fulfillment of my dreams. I was able to earn good money doing what I love, and I devoted fully myself to it. My key to effectively studying IT and growing my knowledge at rocket speed was learning day by day reading guides, building products to the portfolio, watching youtube channels and attending conferences, and even watching them online, even if I didn’t understand everything at the beginning. In one year we’ve been to every possible event within 400km. We were building healthcare products that were actually used in hospitals and medical facilities. It was a beautiful adventure and tons of knowledge I took from this place. That time I built my first product teams, hired many great people, and over the years became a senior developer and team leader. Even I convinced my study mates to apply to this company and we studied together and worked as well. Finally, there were 4 of us, when I left a friend of mine took over my position and still works there. If you’re reading this, I’m sending you a flood of love and appreciation. I joined as the 8th person, and after around 4 years, when I left hungry for change, there were already over 30 of us, now around 100. It was a good time, greetings to everyone. I finished my Master’s and Engineering degrees in Computer Science, and it was time for changes. Chapter 2: 1st time as a Co-founder — Marketplace In the meantime, there was also my first startup (a marketplace) with four of my friends. We all worked on the product, each of us spent thousands of hours, after hours, entire weekends… and I think finally over a year of work. As you might guess, we lacked the most important things: sales, marketing, and product-market fit. We thought users think like us. We all also worked commercially, so the work went very smoothly, but we didn’t know what we should do next with it… Finally, we didn’t have any customers, but you know what, I don’t regret it, a lot of learning things which I used many times later. The first attempts at validating the idea with the market and business activities. In the end, the product was Airbnb-sized. Landing pages, listings, user panels, customer panels, admin site, notifications, caches, queues, load balancing, and much more. We wanted to publish the fully ready product to the market. It was a marketplace, so if you can guess, we had to attract both sides to be valuable. “Marketplace” — You can imagine something like Uber, if you don’t have passengers it was difficult to convince taxi drivers, if you don’t have a large number of taxi drivers you cannot attract passengers. After a year of development, we were overloaded, and without business, marketing, sales knowledge, and budget. Chapter 3: Corp Team Lead / Programming Tutor / Programming Architecture Workshop Leader Working in a corporation, a totally different environment, an international fintech, another learning experience, large products, and workmates who were waiting for 5 pm to finish — it wasn’t for me. Very slow product development, huge hierarchy, being an ant at the bottom, and low impact on the final product. At that time I understood that being a software developer is not anything special and I compared my work to factory worker. Sorry for that. High rates have been pumped only by high demand. Friends of mine from another industry do more difficult things and have a bigger responsibility for lower rates. That’s how the market works. This lower responsibility time allowed for building the first online course after hours, my own course platform, individual teaching newbies programming, and my first huge success — my first B2C customers, and B2B clients for workshops. I pivoted to full focus on sales, marketing, funnels, advertisements, demand, understanding the market, etc. It was 10x easier than startups but allowed me to learn and validate my conceptions and ideas on an easier market and showed me that it’s much easier to locate their problem/need/want and create a service/product that responds to it than to convince people of your innovative ideas. It’s just supply and demand, such a simple and basic statement, in reality, is very deep and difficult to understand without personal experience. If you’re inexperienced and you think you understand, you don’t. To this day, I love to analyze this catchword in relation to various industries / services / products and rediscover it again and again... While writing this sentence, I’m wondering if I’m not obsessed. Chapter 4: Next try — 2nd time as a founder — Edtech Drawing upon my experiences in selling services, offering trainings, and teaching programming, I wanted to broaden my horizons, delve into various fields of knowledge, involve more teachers, and so on. We started with simple services in different fields of knowledge, mainly relying on teaching in the local area (without online lessons). As I had already gathered some knowledge and experience in marketing and sales, things were going well and were moving in the right direction. The number of teachers in various fields was growing, as was the number of students. I don’t remember the exact statistics anymore, but it was another significant achievement that brought me a lot of satisfaction and new experiences. As you know, I’m a technology lover and couldn’t bear to look at manual processes — I wanted to automate everything: lessons, payments, invoices, customer service, etc. That’s when I hired our first developers (if you’re reading this, I’m sending you a flood of love — we spent a lot of time together and I remember it as a very fruitful and great year) and we began the process of tool and automation development. After a year we had really extended tools for students, teachers, franchise owners, etc. We had really big goals, we wanted to climb higher and higher. Maybe I wouldn’t even fully call it Startup, as the client was paying for the lessons, not for the software. But it gave us positive income, bootstrap financing, and tool development for services provided. Scaling this model was not as costless as SaaS because customer satisfaction was mainly on the side of the teacher, not the quality of the product (software). Finally, we grew to nearly 10 people and dozens of teachers, with zero external funding, and almost $50k monthly revenue. We worked very hard, day and night, and by November 2019, we were packed with clients to the brim. And as you know, that’s when the pandemic hit. It turned everything upside down by 180 degrees. Probably no one was ready for it. With a drastic drop in revenues, society started to save. Tired from the previous months, we had to work even harder. We had to reduce the team, change the model, and save what we had built. We stopped the tool’s development and sales, and with the developers, we started supporting other product teams to not fire them in difficult times. The tool worked passively for the next two years, reducing incomes month by month. With a smaller team providing programming services, we had full stability and earned more than relying only on educational services. At the peak of the pandemic, I promised myself that it was the last digital product I built… Never say never… Chapter 5: Time for fintech — Senior Software Developer / Team Lead / Head of Development I worked for small startups and companies. Building products from scratch, having a significant impact on the product, and complete fulfillment. Thousands of hours and sacrifices. This article mainly talks about startups that I built, so I don’t want to list all the companies, products, and applications that I supported as a technology consultant. These were mainly start-ups with a couple of people up to around 100 people on board. Some of the products were just a rescue mission, others were building an entire tech team. I was fully involved in all of them with the hope that we would work together for a long time, but I wasn’t the only one who made mistakes when looking for a product-market fit. One thing I fully understood: You can’t spend 8–15 hours a day writing code, managing a tech team, and still be able to help build an audience. In marketing and sales, you need to be rested and very creative to bring results and achieve further results and goals. If you have too many responsibilities related to technology, it becomes ineffective. I noticed that when I have more free time, more time to think, and more time to bounce the ball against the wall, I come up with really working marketing/sales strategies and solutions. It’s impossible when you are focused on code all day. You must know that this chapter of my life was long and has continued until now. Chapter 6: 3rd time as a founder — sold Never say never… right?\\ It was a time when the crypto market was really high and it was really trending topic. You know that I love technology right? So I cannot miss the blockchain world. I had experience in blockchain topics by learning on my own and from startups where I worked before. I was involved in crypto communities and I noticed a “starving crowd”. People who did things manually and earned money(crypto) on it.I found potential for building a small product that solves a technological problem. I said a few years before that I don’t want to start from scratch. I decided to share my observations and possibilities with my good friend. He said, “If you gonna built it, I’m in”. I couldn’t stop thinking about it. I had thought and planned every aspect of marketing and sales. And you know what. On this huge mindmap “product” was only one block. 90% of the mindmap was focused on marketing and sales. Now, writing this article, I understood what path I went from my first startup to this one. In the first (described earlier) 90% was the product, but in the last one 90% was sales and marketing. Many years later, I did this approach automatically. What has changed in my head over the years and so many mistakes? At that time, the company for which I provided services was acquired. The next day I got a thank you for my hard work and all my accounts were blocked. Life… I was shocked. We were simply replaced by their trusted technology managers. They wanted to get full control. They acted a bit unkindly, but I knew that they had all my knowledge about the product in the documentation, because I’m used to drawing everything so that in the moment of my weakness (illness, whatever) the team could handle it. That’s what solid leaders do, right? After a time, I know that these are normal procedures in financial companies, the point is that under the influence of emotions, do not do anything inappropriate. I quickly forgot about it, that I was brutally fired. All that mattered was to bring my plan to life. And it has been started, 15–20 hours a day every day. You have to believe me, getting back into the game was incredibly satisfying for me. I didn’t even know that I would be so excited. Then we also noticed that someone was starting to think about the same product as me. So the race began a game against time and the market. I assume that if you have reached this point, you are interested in product-market fit, marketing, and sales, so let me explain my assumptions to you: Product: A very very small tool that allowed you to automate proper tracking and creation of on-chain transactions. Literally, the whole app for the user was located on only three subpages. Starving Crowd: We tapped into an underserved market. The crypto market primarily operates via communities on platforms like Discord, Reddit, Twitter, Telegram, and so on. Therefore, our main strategy was directly communicating with users and demonstrating our tool. This was essentially “free marketing” (excluding the time we invested), as we did not need to invest in ads, promotional materials, or convince people about the efficacy of our tool. The community could directly observe on-chain transactions executed by our algorithms, which were processed at an exceptionally fast rate. This was something they couldn’t accomplish manually, so whenever someone conducted transactions using our algorithm, it was immediately noticeable and stirred a curiosity within the community (how did they do that!). Tests: I conducted the initial tests of the application on myself — we had already invested significantly in developing the product, but I preferred risking my own resources over that of the users. I provided the tool access to my wallet, containing 0.3ETH, and went to sleep. Upon waking up, I discovered that the transactions were successful and my wallet had grown to 0.99ETH. My excitement knew no bounds, it felt like a windfall. But, of course, there was a fair chance I could have lost it too. It worked. As we progressed, some users achieved higher results, but it largely hinged on the parameters set by them. As you can surmise, the strategy was simple — buy low, sell high. There was considerable risk involved. Churn: For those versed in marketing, the significance of repeat visitors cannot be overstated. Access to our tool was granted only after email verification and a special technique that I’d prefer to keep confidential. And this was all provided for free. While we had zero followers on social media, we saw an explosion in our email subscriber base and amassed a substantial number of users and advocates. Revenue Generation: Our product quickly gained popularity as we were effectively helping users earn — an undeniable value proposition. Now, it was time to capitalize on our efforts. We introduced a subscription model charging $300 per week or $1,000 per month — seemingly high rates, but the demand was so intense that it wasn’t an issue. Being a subscriber meant you were prioritized in the queue, ensuring you were among the first to reap benefits — thus adding more “value”. Marketing: The quality of our product and its ability to continually engage users contributed to it achieving what can best be described as viral. It was both a source of pride and astonishment to witness users sharing charts and analyses derived from our tool in forum discussions. They weren’t actively promoting our product but rather using screenshots from our application to illustrate certain aspects of the crypto world. By that stage, we had already assembled a team to assist with marketing, and programming, and to provide round-the-clock helpdesk support. Unforgettable Time: Despite the hype, my focus remained steadfast on monitoring our servers, their capacity, and speed. Considering we had only been on the market for a few weeks, we were yet to implement alerts, server scaling, etc. Our active user base spanned from Japan to the West Coast of the United States. Primarily, our application was used daily during the evenings, but considering the variety of time zones, the only time I could afford to sleep was during the evening hours in Far Eastern Europe, where we had the least users. However, someone always needed to be on guard, and as such, my phone was constantly by my side. After all, we couldn’t afford to let our users down. We found ourselves working 20 hours a day, catering to thousands of users, enduring physical fatigue, engaging in talks with VCs, and participating in conferences. Sudden Downturn: Our pinnacle was abruptly interrupted by the war in Ukraine (next macroeconomic shot straight in the face, lucky guy), a precipitous drop in cryptocurrency value, and swiftly emerging competition. By this time, there were 5–8 comparable tools had infiltrated the market. It was a challenging period as we continually stumbled upon new rivals. They immediately embarked on swift fundraising endeavors — a strategy we overlooked, which in retrospect was a mistake. Although our product was superior, the competitors’ rapid advancement and our insufficient funds for expeditious scaling posed significant challenges. Nonetheless, we made a good decision. We sold the product (exit) to competitors. The revenue from “exit” compensated for all the losses, leaving us with enough rest. We were a small team without substantial budgets for rapid development, and the risk of forming new teams without money to survive for more than 1–2 months was irresponsible. You have to believe me that this decision consumed us sleepless nights. Finally, we sold it. They turned off our app but took algorithms and users. Whether you believe it or not, after several months of toiling day and night, experiencing burnout, growing weary of the topic, and gaining an extra 15 kg in weight, we finally found our freedom… The exit wasn’t incredibly profitable, but we knew they had outdone us. The exit covered all our expenses and granted us a well-deserved rest for the subsequent quarter. It was an insane ride. Despite the uncertainty, stress, struggles, and sleepless nights, the story and experience will remain etched in my memory for the rest of my life. Swift Takeaways: Comprehending User Needs: Do you fully understand the product-market fit? Is your offering just an accessory or does it truly satisfy the user’s needs? The Power of Viral Marketing: Take inspiration from giants like Snapchat, ChatGPT, and Clubhouse. While your product might not attain the same scale (but remember, never say never…), the closer your concept is to theirs, the easier your journey will be. If your user is motivated to text a friend saying, “Hey, check out how cool this is” (like sharing ChatGPT), then you’re on the best track. Really. Even if it doesn’t seem immediately evident, there could be a way to incorporate this into your product. Keep looking until you find it. Niche targeting — the more specific and tailored your product is to a certain audience, the easier your journey will be People love buying from people — establishing a personal brand and associating yourself with the product can make things easier. Value: Seek to understand why users engage with your product and keep returning. The more specific and critical the issue you’re aiming to solve, the easier your path will be. Consider your offerings in terms of products and services and focus on sales and marketing, regardless of personal sentiments. These are just a few points, I plan to elaborate on all of them in a separate article. Many products undergo years of development in search of market fit, refining the user experience, and more. And guess what? There’s absolutely nothing wrong with that. Each product and market follows its own rules. Many startups have extensive histories before they finally make their mark (for instance, OpenAI). This entire journey spanned maybe 6–8 months. I grasped and capitalized on the opportunity, but we understood from the start that establishing a startup carried a significant risk, and our crypto product was 10 times riskier. Was it worth it? Given my passion for product development — absolutely. Was it profitable? — No, considering the hours spent — we lose. Did it provide a stable, problem-free life — nope. Did this entire adventure offer a wealth of happiness, joy, and unforgettable experiences — definitely yes. One thing is certain — we’ve amassed substantial experience and it’s not over yet :) So, what lies ahead? Chapter 7: Reverting to the contractor, developing a product for a crypto StartupReturning to the past, we continue our journey… I had invested substantial time and passion into the tech rescue mission product. I came on board as the technical Team Leader of a startup that had garnered over $20M in seed round funding, affiliated with the realm of cryptocurrencies. The investors were individuals with extensive backgrounds in the crypto world. My role was primarily technical, and there was an abundance of work to tackle. I was fully immersed, and genuinely devoted to the role. I was striving for excellence, knowing that if we secured another round of financing, the startup would accelerate rapidly. As for the product and marketing, I was more of an observer. After all, there were marketing professionals with decades of experience on board. These were individuals recruited from large crypto-related firms. I had faith in them, kept an eye on their actions, and focused on my own responsibilities. However, the reality was far from satisfactory. On the last day, the principal investor for the Series A round withdrew. The board made the tough decision to shut down. It was a period of intense observation and gaining experience in product management. This was a very brief summary of the last 10 years. And what next? (Last) Chapter 8: To be announced — Product Owner / Product Consultant / Strategist / CTO After spending countless hours and days deliberating my next steps, one thing is clear: My aspiration is to continue traversing the path of software product development, with the hopeful anticipation that one day, I might ride the crest of the next big wave and ascend to the prestigious status of a unicorn company. I find myself drawn to the process of building products, exploring product-market fit, strategizing, engaging in software development, seeking out new opportunities, networking, attending conferences, and continuously challenging myself by understanding the market and its competitive landscape. Product Owner / Product Consultant / CTO / COO: I’m not entirely sure how to categorize this role, as I anticipate that it will largely depend on the product to which I will commit myself fully. My idea is to find one startup/company that wants to build a product / or already has a product, want to speed up, or simply doesn’t know what’s next. Alternatively, I could be a part of an established company with a rich business history, which intends to invest in digitization and technological advancements. The goal would be to enrich their customer experience by offering complementary digital products Rather than initiating a new venture from ground zero with the same team, I am receptive to new challenges. I am confident that my past experiences will prove highly beneficial for the founders of promising, burgeoning startups that already possess a product, or are in the initial phases of development. ‘Consultant’ — I reckon we interpret this term differently. My aim is to be completely absorbed in a single product, crafting funnels, niches, strategies, and all that is necessary to repeatedly achieve the ‘product-market fit’ and significant revenue. To me, ‘consultant’ resonates more akin to freelancing than being an employee. My current goal is to kickstart as a consultant and aide, dealing with facilitating startups in their journey from point A to B. Here are two theoretical scenarios to illustrate my approach: Scenario 1: (Starting from point A) You have a product but struggle with marketing, adoption, software, strategy, sales, fundraising, or something else. I conduct an analysis and develop a strategy to reach point B. I take on the “dirty work” and implement necessary changes, including potential pivots or shifts (going all-in) to guide the product to point B. The goal is to reach point B, which could involve achieving a higher valuation, expanding the user base, increasing sales, or generating monthly revenue, among other metrics. Scenario 2: (Starting from point A) You have a plan or idea but face challenges with marketing, adoption, strategy, software, sales, fundraising, or something else. I analyze the situation and devise a strategy to reach point B. I tackle the necessary tasks, build the team, and overcome obstacles to propel the product to point B. I have come across the view that finding the elusive product-market fit is the job of the founder, and it’s hard for me to disagree. However, I believe that my support and experiences can help save money, many failures, and most importantly, time. I have spent a great deal of time learning from my mistakes, enduring failure after failure, and even had no one to ask for support or opinion, which is why I offer my help. Saving even a couple of years, realistically speaking, seems like a value I’m eager to provide… I invite you to share your thoughts and insights on these scenarios :) Closing Remarks: I appreciate your time and effort in reaching this point. This has been my journey, and I wouldn’t change it for the world. I had an extraordinary adventure, and now I’m ready for the next exciting battle with the market and new software products. While my entire narrative is centered around startups, especially the ones I personally built, I’m planning to share more insights drawn from all of my experiences, not just those as a co-founder. If you’re currently developing your product or even just considering the idea, I urge you to reach out to me. Perhaps together, we can create something monumental :) Thank you for your time and insights. I eagerly look forward to engaging in discussions and hearing your viewpoints. Please remember to like and subscribe. Nothing motivates to write more than positive feedback :) Matt.

#reddit#product#development,

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Royal_Rest8409•This 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.

#reddit#founder#built

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Rdqp•This week

Anyone wants to join? Looking for non technical partner

To keep things short, I'm a fullstack dev with 13+ years of exp in few startups (the most successful one is $200m+ valuation). Then launched my own gamedev business which operates well in codev and content production. Now I want to switch back into startups and use 140% of my time and expertise to bring a briliant product live after maybe few pivots. I already have one concept of AI daily newsletter with AI narrator imitating podcasts and/or tv live news but tailored for each user. Sound dumb? - Would love to hear and jump on your ideas baked by usp and market research then. Looking for someone with marketing/UA/fundraising expertise. And remember: It is not success that defines, but dedication.

#reddit#anyone#wants

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tylersellars•This week

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.

#reddit#just#raised

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No_Tax_1155•This week

Seeking Feedback & Support: Launching a Nut Mix Startup to Improve Gut Health

This txt is AI summarized but I read it, he just restructured my thoughts accurately. Hey all, I’m Ilia, a Seattle-based entrepreneur working on a product that’s all about making healthy eating easier. I’m creating a premium nut mix with 16+ different nuts (70% organic) aimed at helping people improve their microbiome and overall health. The concept is simple: diverse ingredients lead to better gut health, reduced inflammation, and more energy. No more juggling 20 bags of different foods—my nut mix is a convenient, delicious solution. I’m in the early stages and raising about $7,000 to cover things like regulatory compliance, a commercial kitchen rental, quality ingredients, packaging, and a basic brand presence. I’ve poured my own savings into this and am now turning to the community for support, advice, and maybe even early funding. I made a short (12-min) video walking through the concept, the budget breakdown, and my long-term vision (expanding to seeds, fruit mixes, and maybe even a billion-dollar brand one day!). I’d love your honest feedback, connections, or suggestions. If you’re interested in supporting, even by sharing this post, I really appreciate it. Feel free to ask me anything—transparency is key for me, and I want to build something that genuinely helps people live healthier. https://www.gofundme.com/f/support-my-goal-to-make-healthy-eating-easy-and-convenient

#reddit# seeking#feedback

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lazymentors•This 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!

#reddit#social#media

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axellos•This week

Just recorded a new interview episode where we talk about transitioning from a Fortune 500 to a startup. Let us know what you think!

0:00 Shilpa's Introduction 2:16 A Cosmopolitan Journey 4:46 All Roads Lead to Tech 8:35 From JP Morgan to Intel 12:25 Shilpa's $1 Billion Revenue Pipeline 15:27 Transitioning from IOT to AI 17:42 Flyte Co-Founders (and Marriage Partners!) 22:30 Building an AI Model, for two! 28:04 Flyte's Integration for Workflow Software 30:03 Fundraising Success 31:09 The Bright Flyte Ahead 32:18 Biggest Challenges Building the AI 36:05 Advice to Other AI Founders 38:46 Flyte's Incredible Collaboration Process 44:32 Life Lessons from Shilpa 45:54 Find Flyte! ​ https://preview.redd.it/w4bx22cl10d71.png?width=2042&format=png&auto=webp&s=c14ea0b96a1ffb34165ec84a86ca45b16256c21b Shilpa is a lifelong tech admirer, worldly businesswoman, and now CEO of Flyte -- a Workflow Automation Platform for Complex, Mission-Critical Data and ML Processes at Scale. From her incredible journey from India to her current home in Canada, to the vital role collaboration plays in small teams, Shilpa shares a breadth of knowledge any Entrepreneur would be lucky to hear. Regular link to episode: https://www.youtube.com/watch?v=wJJgAhwSqqo&t=1s

#reddit#just#recorded

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Science-man777•This week

Here is an interesting article on the potential future risks of AI to humanity.

"There is a tremendous amount of enthusiasm in the media surrounding the topic of AI, and for good reason.  This exciting new technology has the potential to automate almost every boring, repetitive task in our lives.  It also offers exciting new opportunities to tap into new businesses, solve difficult problems with ease, and even offer new outlets for creative expression. What often does not get equal play in these discussions are the potential dangers of AI to humanity associated with this new technology.  Every new technology comes with risks that must be addressed, and it often takes a meltdown before safety concerns are taken seriously.  Often, those raising concerns are labeled as “chicken little” or a Johnny Raincloud spreading fud and dismissed or ignored.  This is common when the potential of the opportunities is so exciting. As I always say, emotion clouds the mind, and when optimism and enthusiasm run high, if we are honest, we often find a way to bring ourselves to believe what we want to believe.  All errors have consequences, for example, the risks associated with falling for a get-rich-quick scam may have consequences for an individual. However, consequences increase with the number of people that a mistake affects. With more powerful technology comes more power for good, but also a greater potential for great harm. In this article, I will attempt to balance out some of the enthusiasm and excitement with a healthy amount of caution.  I hope that the public will not just be swept away by the excitement of another new technology.  Rather, I hope that the public will demand responsibility, accountability, and regulation of this technology, before any AI version of Chornobyl, or worse, consigning the planet to a hellish dystopian hellscape reminiscent of post-apocalyptic sci-fi movies." https://ai-solutions.pro/dangers-and-risks-of-ai-to-humanity/

#reddit#here#interesting

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milaworld•This week

[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.”

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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.”

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0.667

milaworld•This week

[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.”

#reddit#stability#ai’s

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0.333

MLstartupLondon•This week

looking for ML aficionado in London for great chats and maybe a startup

TL;DR? Here's the gist: Me: 3 startups under my belt. Started as a programmer, then trainer, then entrepreneur, now CTO & Board member for a leading customer insight company part of large bank. Large system and infrastructure specialist. Extensive & practical experience in raising funds and successfully managing both startup and established businesses. Fascinated by the power of data. Can't imagine myself spending the rest of my life being a cog in the machine. You: Machine learning specialist, programmer, analyst, understands how to navigate and crunch large datasets, from BI to predictive analytics. Interested in implementing applications from fraud detection to margin improvements through better clustering regardless of industry. Fascinated by the power of data. Can't imagine himself spending the rest of his or her life being a cog in the machine. The startup: The core idea it to build platforms and systems around the progressively larger datasets held by various sized companies, helping them solve big issues - cost reduction, profitability and reducing risk. I’m an infrastructure and software specialist and have access to 1) systems, 2) datasets 3) extensive practical in certain industry segments, namely web-scale companies and tier 1 retailers. This project is in the very early planning stages. I'm looking forward to discuss the form it could take with like-minded individuals but with complementary skills sets, namely: predictive analytics & AI as it applies to machine learning on large datasets. Want more specifics ideas? I have plenty of these, but I’m sure you do to, so let’s meet face to face and discuss them. Ultimately the goal is to crystallize on a specific concept, develop together a minimum viable product and get the company bootstrapped or angel-funded (something I also have plenty of experience with), all via a lean startup model. My philosophy on startups: Startups built in one’s free time often fail because they drag on, ending up as little more than side projects you can’t quite get rid of (due to co-founder guilt, or perhaps the little money they bring in every month). The core idea for this project is based on lean, that is, to launch a minimum viable product as early as possible. Getting feedback. Measuring results (important!). Pivot if it’s not working. This helps tremendously in staying motivated, limits the dreaded paralyzing fear of failure, and more importantly, keep the time from inception to first client/funding to a minimum. If it sounds interesting please message me and we can exchange contact details! Worst that can happen is we have a great chat!

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Moist_Stuff4509•This week

[P] A Call to AI Devs and Entrepreneurs

Hey, I am thinking about potentially creating a global yet small community of AI devs and entrepreneurs. I know that a lot of communities already exist, but this one would be specific for AI entrepreneurs and devs to build together. I don’t want it to be big, since I want it to be active. That is the way to keep it interesting and avoid the noise. We could use slack for example, to make it a bit more work related than just for soft engagements. We could tag everyone with the skills that they have and interest, to make it easy for people to connect and start building stuff. Tags could be tech, growth, product, fundraising, business, etc. The goal would be to actually launch new products in the AI space. I am a serial entrepreneur myself with an exit with one of the biggest providers in our vertical a few years ago. I am finishing a PhD in AI and have been working in the AI field in the industry for many years now. I think this is a unique moment in time. The market will change substantially as AI brings new capabilities to the game, but my perspective is that the business models for AI are yet to be built. The bottom line is that as with any platform shift, we will see the creation of the Googles of the future during this time. I think that we have much more probability of success if we work together to try to conquer the market step by step. My feeling is that the grind will be much harder on this wave than any other for a variety of reasons, from the macroeconomic environment to the very fast pace of how things are moving. I know that communities exist already, I am in a program with an accelerator myself, but I would scope this new community in a different way. It would be the place to meet and to build together. Everyone sharing the same pains, being in the scout for the new tech that just launched, helping to push out new deals, connect with VCs, all those things. Let me know if this would interest you.

#reddit#call#devs

reddit

0

1

good_rice•This week

[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.

#reddit#hype#absolutely

reddit

0

0.667

milaworld•This week

[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.”

#reddit#stability#ai’s

reddit

0

0.625

johnrushx•This 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

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Royal_Rest8409•This 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.

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marin_smiljanic•This 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.

#reddit#raised#$450k

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Royal_Rest8409•This week

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.

#reddit#founder#built

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Momof3rascals•This 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.

#reddit#thoughts#fastercapital

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mr_t_forhire•This 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.

#reddit#started#content

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0.882

mr_t_forhire•This week

Started a content marketing agency 8 years ago - $0 to $7,863,052 (2025 update)

Hey friends, My name is Tyler and for the past 8 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 Year 6 — $5,974,324 Revenue Year 7 - $6,815,503 Revenue (Edit: Seems like links are banned now. You can check my post history for all of my previous updates with lessons and learnings.) 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 We pay freelancers a flat fee for most work, working out to roughly $65-100/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)\ Packages range in price from \~$10-20k/mo \This is something we are revisiting now* The Financials In 2024, we posted $1,032,035.34 in revenue. This brings our lifetime revenue to $7,863,052. Here’s our monthly revenue from January 2017 to December of 2024. (Edit: Seems like I'm not allowed to link to the chart.) The good news: Revenue is up 23% YoY. EBITDA in Q4 trending up 1-2 points. We hosted our first retreat in 4 years, going to Ireland with about half the team. The bad news: Our revenue is still historically low. At $1MM for the year, we’re down about 33% from our previous years over $1.5MM. Revenue has been rocky. It doesn’t feel like we’ve really “recovered” from the bumps last year. The trend doesn’t really look great. Even though, anecdotally, it feels like we are moving in a good direction. EBITDA is still hovering at around 7%. Would love to get that closer to 20%. (For those who may ask: I’m calculating EBITDA after paying taxes and W2 portion of my income.) — Almost every year, my update starts the same way: This has been a year of growth and change. Both for my business—and me personally. 2024 was no different. I guess that tells you something about entrepreneurship. It’s a lot more like sailing a ship than driving a car. You’re constantly adapting, tides are shifting, and any blip of calm is usually just a moment before the next storm. As with past years, there’s a lot to unpack from the last 12 months. Here we go again. Everything is Burning In the last 2 years, everything has turned upside down in the world of content and SEO. Back in 2020, we made a big decision to re-position the agency. (See post history) We decided to narrow our focus to our most successful, profitable, and consistent segment of clients and re-work our entire operation to focus on serving them. We defined our ICP as: \~Series A ($10mm+ funding) with 6-12 months runway to scale organic as a channel Product-led company with “simple” sales cycle involving fewer stakeholders Demonstrable opportunity to use SEO to drive business growth Our services: Content focused on growing organic search (SEO) Full-service engagements that included research, planning, writing, design, reporting And our engagement structure: Engaged directly with an executive; ownership over strategy and day-to-day execution 1-2 points of contact or stakeholders Strategic partner that drives business growth (not a service vendor who makes content) Most importantly, we decided that we were no longer going to offer a broader range of content that we used to sell. That included everything from thought leadership content to case studies and ebooks. We doubled-down on “SEO content” for product-led SaaS companies. And this worked phenomenally for us. We started bringing on more clients than ever. We developed a lot of internal system and processes that helped us scale and take on more work than we’ve ever had and drive great outcomes for our ideal clients. But in 2023 and 2024, things started going awry. One big change, of course, was the rise of AI. Many companies and executives (and writers) feel that AI can write content just as well as an agency like ours. That made it a lot harder to sell a $10,000 per month engagement when they feel like the bulk of the work could be “done for free.” (Lots of thoughts on this if you want my opinions.) But it wasn’t just that. Google also started tinkering with their algorithm, introducing new features like AI Overviews, and generally changing the rules of the game. This created 3 big shifts in our world: The perceived value of content (especially “SEO content”) dropped dramatically in many people’s minds because of AI’s writing capabilities SEO became less predictable as a source of traffic and revenue It’s harder than ever for startups and smaller companies to rank for valuable keywords (let alone generate any meaningful traffic or revenue from them) The effect? The middle of the content market has hollowed out. People—like us—providing good, human-crafted content aimed on driving SEO growth saw a dramatic decline in demand. We felt it all year. Fewer and fewer leads. The leads we did see usually scoffed at our prices. They were indexing us against the cost of content mills and mass-produced AI articles. It was a time of soul-searching and looking for a way forward. I spent the first half of the year convinced that the only way to survive was to run toward the fire. We have to build our own AI workflows. We have to cut our rates internally. We have to get faster and cheaper to stay competitive with the agencies offering the same number of deliverables for a fraction of our rates. It’s the only way forward. But then I asked myself a question… Is this the game I actually want to play? As an entrepreneur, do I want to run a business where I’m competing mostly on price and efficiency rather than quality and value? Do I want to hop into a race toward cheaper and cheaper content? Do I want to help people chase a dwindling amount of organic traffic that’s shrinking in value? No. That’s not the game I want to play. That’s not a business I want to run. I don’t want to be in the content mill business. So I decided to turn the wheel—again. Repositioning Part II: Electric Boogaloo What do you do when the whole world shifts around you and the things that used to work aren’t working anymore? You pivot. You re-position the business and move in another direction. So that’s what we decided to do. Again. There was only one problem: I honestly wasn’t sure what opportunities existed in the content marketing industry outside of what we were already doing. We lived in a little echo chamber of startups and SEO. It felt like the whole market was on fire and I had fight through the smoke to find an escape hatch. So I started making calls. Good ol’ fashioned market research. I reached out to a few dozen marketing and content leaders at a bunch of different companies. I got on the phone and just asked lots of questions about their content programs, their goals, and their pain points. I wanted to understand what was happening in the market and how we could be valuable. And, luckily, this process really paid off. I learned a lot about the fragmentation happening across content and how views were shifting. I noticed key trends and how our old target market really wasn’t buying what we were selling. Startups and small companies are no longer willing to invest in an agency like ours. If they were doing content and SEO at all, they were focused entirely on using AI to scale output and minimize costs. VC money is still scarce and venture-backed companies are more focused on profitability than pure growth and raising another round. Larger companies (\~500+ employees) are doing more content than ever and drowning in content production. They want to focus on strategy but can barely tread water keeping up with content requests from sales, demand gen, the CEO, and everyone else. Many of the companies still investing in content are looking at channels and formats outside of SEO. Things like thought leadership, data reports, interview-driven content, and more. They see it as a way to stand out from the crowd of “bland SEO content.” Content needs are constantly in flux. They range from data reports and blog posts to product one-pagers. The idea of a fixed-scope retainer is a total mismatch for the needs of most companies. All of this led to the logical conclusion: We were talking to the wrong people about the wrong things\.\ Many companies came to one of two logical conclusions: SEO is a risky bet, so it’s gotta be a moonshot—super-low cost with a possibility for a big upside (i.e., use AI to crank out lots of content. If it works, great. If it doesn’t, then at least we aren’t out much money.) SEO is a risky bet, so we should diversify into other strategies and channels to drive growth (i.e., shift our budget from SEO and keyword-focused content to video, podcasts, thought leadership, social, etc) Unless we were going to lean into AI and dramatically cut our costs and rates, our old buyers weren’t interested. And the segment of the market that needs our help most are looking primarily for production support across a big range of content types. They’re not looking for a team to run a full-blown program focused entirely on SEO. So we had to go back to the drawing board. I’ve written before about our basic approach to repositioning the business. But, ultimately it comes down to identifying our unique strengths as a team and then connecting them to needs in the market. After reviewing the insights from my discussions and taking another hard look at our business and our strengths, I decided on a new direction: Move upmarket: Serve mid-size to enterprise businesses with \~500-5,000 employees instead of startups Focus on content that supports a broader range of business goals instead of solely on SEO and organic growth (e.g., sales, demand gen, brand, etc) Shift back to our broader playbook of content deliverables, including thought leadership, data studies, and more Focus on content execution and production to support an internally-directed content strategy across multiple functions In a way, it’s sort of a reverse-niche move. Rather than zooming in specifically on driving organic growth for startups, we want to be more of an end-to-end content production partner that solves issues of execution and operations for all kinds of content teams. It’s early days, but the response here has been promising. We’ve seen an uptick in leads through Q4. And more companies in our pipeline fit the new ICP. They’re bigger, often have more budget. (But they move more slowly). We should know by the end of the quarter if this maneuver is truly paying off. Hopefully, this will work out. Hopefully our research and strategy are right and we’ll find a soft landing serving a different type of client. If it doesn’t? Then it will be time to make some harder decisions. As I already mentioned, I’m not interested in the race to the bottom of AI content. And if that’s the only game left in town, then it might be time to think hard about a much bigger change. — To be done: Build new content playbooks for expanded deliverables Build new showcase page for expanded deliverables Retooling the Operation It’s easy to say we’re doing something new. It’s a lot harder to actually do it—and do it well. Beyond just changing our positioning, we have to do open-heart surgery on the entire content operation behind the scenes. We need to create new systems that work for a broader range of content types, formats, and goals. Here’s the first rub: All of our workflows are tooled specifically for SEO-focused content. Every template, worksheet, and process that we’ve built and scaled in the last 5 years assumes that the primary goal of every piece of content is SEO. Even something as simple as requiring a target keyword is a blocker in a world where we’re not entirely focused on SEO. This is relatively easy to fix, but it requires several key changes: Update content calendars to make keywords optional Update workflows to determine whether we need an optimization report for each deliverable Next, we need to break down the deliverables into parts rather than a single line item. In our old system, we would plan content as a single row in a Content Calendar spreadsheet. It was a really wide sheet with lots of fields where we’d define the dimensions of each individual article. This was very efficient and simple to follow. But every article had the same overall scope when it came to the workflow. In Asana (our project management tool), all of the steps in the creation were strung together in a single task. We would create a few basic templates for each client, and then each piece would flow through the same steps: Briefing Writing Editing Design etc. If we had anything that didn’t fit into the “standard” workflow, we’d just tag it in the calendar with an unofficial notation \[USING BRACKETS\]. It worked. But it wasn’t ideal. Now we need the steps to be more modular. Imagine, for example, a client asks us to create a mix of deliverables: 1 article with writing + design 1 content brief 1 long-form ebook with an interview + writing + design Each of these would require its own steps and its own workflow. We need to break down the work to accommodate for a wider variety of workflows and variables. This means we need to update the fields and structure of our calendar to accommodate for the new dimensions—while also keeping the planning process simple and manageable. This leads to the next challenge: The number of “products” that we’re offering could be almost infinite. Just looking at the example scope above, you can mix and match all of these different building blocks to create a huge variety of different types of work, each requiring its own workflow. This is part of the reason we pivoted away from this model to focus on a productized, SEO-focused content service back in 2020. Take something as simple as a case study. On the surface, it seems like one deliverable that can be easily scoped and priced, right? Well, unpack what goes into a case study: Is there already source material from the customer or do we need to conduct an interview? How long is it? Is it a short overview case study or a long-form narrative? Does it need images and graphics? How many? Each of these variables opens up 2-3 possibilities. And when you combine them, we end up with something like 10 possible permutations for this single type of deliverable. It gets a bit messy. But not only do we have to figure out how to scope and price all for all of these variables, we also have to figure out how to account for these variables in the execution. We have to specify—for every deliverable—what type it is, how long, which steps are involved and not involved, the timeline for delivery, and all of the other factors. We’re approaching infinite complexity, here. We have to figure out a system that allows for a high level of flexibility to serve the diverse needs of our clients but is also productized enough that we can build workflows, process, and templates to deliver the work. I’ve spent the last few months designing that system. Failed Attempt #1: Ultra-Productization In my first pass, I tried to make it as straight forward as possible. Just sit down, make a list of all of the possible deliverables we could provide and then assign them specific scopes and services. Want a case study? Okay that’ll include an interview, up to 2,000 words of content, and 5 custom graphics. It costs $X. But this solution quickly fell apart when we started testing it against real-world scenarios. What if the client provided the brief instead of us creating one? What if they didn’t want graphics? What if this particular case study really needs to be 3,000 words but all of the others should be 2,000? In order for this system to work, we’d need to individual scope and price all of these permutations of each productized service. Then we’d need to somehow keep track of all of these and make sure that we accurately scope, price, and deliver them across dozens of clients. It’s sort of like a restaurant handling food allergies by creating separate versions of every single dish to account for every individual type of allergy. Most restaurants have figured out that it makes way more sense to have a “standard” and an “allergy-free” version. Then you only need 2 options to cover 100% of the cases. Onto the next option. Failed Attempt #2: Deliverable-Agnostic Services Next, I sat down with my head of Ops, Katy, to try to map it out. We took a big step back and said: Why does the deliverable itself even matter? At the end of the day, what we’re selling is just a few types of work (research, writing, editing, design, etc) that can be packaged up in an infinite number of ways. Rather than try to define deliverables, shouldn’t we leave it open ended for maximum flexibility? From there, we decided to break down everything into ultra-modular building blocks. We started working on this super complex system of modular deliverables where we would have services like writing, design, editing, etc—plus a sliding scale for different scopes like the length of writing or the number of images. In theory, it would allow us to mix and match any combination of services to create custom deliverables for the client. In fact, we wanted the work to be deliverable-agnostic. That way we could mold it to fit any client’s needs and deliver any type of content, regardless of the format or goal. Want a 5,000-word case study with 15 custom graphics? That’ll be $X. Want a 2,000-word blog post with an interview and no visuals? $Y. Just want us to create 10 briefs, you handle the writing, and we do design? It’s $Z. Again, this feels like a reasonable solution. But it quickly spiraled out of amuck. (That’s an Office reference.) For this to work, we need to have incredibly precise scoping process for every single deliverable. Before we can begin work (or even quote a price), we need to know pretty much the exact word count of the final article, for example. In the real world? This almost never happens. The content is as long as the content needs to be. Clients rarely know if the blog post should be 2,000 words or 3,000 words. They just want good content. We have a general ballpark, but we can rarely dial it in within just 1,000 words until we’ve done enough research to create the brief. Plus, from a packaging and pricing perspective, it introduces all kind of weird scenarios where clients will owe exactly $10,321 for this ultra-specific combination of services. We were building an open system that could accommodate any and all types of potential deliverables. On the face that seems great because it makes us incredibly flexible. In reality, the ambiguity actually works against us. It makes it harder for us to communicate to clients clearly about what they’ll get, how much it will cost, and how long it will take. That, of course, also means that it hurts our client relationships. (This actually kind of goes back to my personal learnings, which I’ll mention in a bit. I tend to be a “let’s leave things vague so we don’t have to limit our options” kind of person. But I’m working on fixing this to be more precise, specific, and clear in everything that we do.) Dialing It In: Building a Closed System We were trying to build an open system. We need to build a closed system. We need to force clarity and get specific about what we do, what we don’t do, and how much it all costs. Then we need a system to expand on that closed system—add new types of deliverables, new content playbooks, and new workflows if and when the need arises. With that in mind, we can start by mapping out the key dimensions of any type of deliverable that we would ever want to deliver. These are the universal dimensions that determine the scope, workflow, and price of any deliverable—regardless of the specific type output. Dimensions are: Brief scope Writing + editing scope Design scope Interview scope Revision (rounds) Scope, essentially, just tells us how many words, graphics, interviews, etc are required for the content we’re creating. In our first crack at the system, we got super granular with these scopes. But to help force a more manageable system, we realized that we didn’t need tiny increments for most of this work. Instead, we just need boundaries—you pay $X for up to Y words. We still need some variability around the scope of these articles. Obviously, most clients won’t be willing to pay the same price for a 1,000-word article as a 10,000-word article. But we can be smarter about the realistic break points. We boiled it down to the most common ranges: (Up to) 250 words 1,000 words 3,000 words 6,000 words 10,000 words This gives us a much more manageable number of variables. But we still haven’t exactly closed the system. We need one final dimension: Deliverable type. This tells us what we’re actually building with these building blocks. This is how we’ll put a cap on the potentially infinite number of combinations we could offer. The deliverable type will define what the final product should look like (e.g., blog post, case study, ebook, etc). And it will also give us a way to put standards and expectations around different types of deliverables that we want to offer. Then we can expand on this list of deliverables to offer new services. In the mean time, only the deliverables that we have already defined are, “on the menu,” so to speak. If a client comes to us and asks for something like a podcast summary article (which we don’t currently offer), we’ll have to either say we can’t provide that work or create a new deliverable type and define the dimensions of that specific piece. But here’s the kicker: No matter the deliverable type, it has to still fit within the scopes we’ve already defined. And the pricing will be the same. This means that if you’re looking for our team to write up to 1,000 words of content, it costs the same amount—whether it’s a blog post, an ebook, a LinkedIn post, or anything else. Rather than trying to retool our entire system to offer this new podcast summary article deliverable, we’ll just create the new deliverable type, add it to the list of options, and it’s ready to sell with the pre-defined dimensions we’ve already identified. To do: Update onboarding workflow Update contracts and scope documents Dial in new briefing process Know Thyself For the last year, I’ve been going through personal therapy. (Huge shout out to my wife, Laura, for her support and encouragement throughout the process.) It’s taught me a lot about myself and my tendencies. It’s helped me find some of my weaknesses and think about how I can improve as a person, as a partner, and as an entrepreneur. And it’s forced me to face a lot of hard truths. For example, consider some of the critical decisions I’ve made for my business: Unconventional freelance “collective” model No formal management structure Open-ended retainers with near-infinite flexibility General contracts without defined scope “Take it or leave it” approach to sales and marketing Over the years, I’ve talked about almost everything on this list as a huge advantage. I saw these things as a reflection of how I wanted to do things differently and better than other companies. But now, I see them more as a reflection of my fears and insecurities. Why did I design my business like this? Why do I want so much “flexibility” and why do I want things left open-ended rather than clearly defined? One reason that could clearly explain it: I’m avoidant. If you’re not steeped in the world of therapy, this basically means that my fight or flight response gets turned all the way to “flight.” If I’m unhappy or uncomfortable, my gut reaction is usually to withdraw from the situation. I see commitment and specificity as a prelude to future conflict. And I avoid conflict whenever possible. So I built my business to minimize it. If I don’t have a specific schedule of work that I’m accountable for delivering, then we can fudge the numbers a bit and hope they even out in the end. If I don’t set a specific standard for the length of an article, then I don’t have to let the client know when their request exceeds that limit. Conflict….avoided? Now, that’s not to say that everything I’ve built was wrong or bad. There is a lot of value in having flexibility in your business. For example, I would say that our flexible retainers are, overall, an advantage. Clients have changing needs. Having flexibility to quickly adapt to those needs can be a huge value add. And not everything can be clearly defined upfront (at least not without a massive amount of time and work just to decide how long to write an article). Overly-rigid structures and processes can be just as problematic as loosey-goosey ones. But, on the whole, I realized that my avoidant tendencies and laissez faire approach to management have left a vacuum in many areas. The places where I avoided specificity were often the places where there was the most confusion, uncertainty, and frustration from the team and from clients. People simply didn’t know what to expect or what was expected of them. Ironically, this often creates the conflict I’m trying to avoid. For example, if I don’t give feedback to people on my team, then they feel uneasy about their work. Or they make assumptions about expectations that don’t match what I’m actually expecting. Then the client might get upset, I might get upset, and our team members may be upset. Conflict definitely not avoided. This happens on the client side, too. If we don’t define a specific timeline when something will be delivered, the client might expect it sooner than we can deliver—creating frustration when we don’t meet their expectation. This conflict actually would have been avoided if we set clearer expectations upfront. But we didn’t do that. I didn’t do that. So it’s time to step up and close the gaps. Stepping Up and Closing the Gaps If I’m going to address these gaps and create more clarity and stability, I have to step up. Both personally and professionally. I have to actually face the fear and uncertainty that drives me to be avoidant. And then apply that to my business in meaningful ways that aren’t cop-out ways of kinda-sorta providing structure without really doing it. I’ve gotta be all in. This means: Fill the gaps where I rely on other people to do things that aren’t really their job but I haven’t put someone in place to do it Set and maintain expectations about our internal work processes, policies, and standards Define clear boundaries on things like roles, timelines, budgets, and scopes Now, this isn’t going to happen overnight. And just because I say that I need to step up to close these gaps doesn’t mean that I need to be the one who’s responsible for them (at least not forever). It just means that, as the business leader, I need to make sure the gaps get filled—by me or by someone else who has been specifically charged with owning that part of the operation. So, this is probably my #1 focus over the coming quarter. And it starts by identifying the gaps that exist. Then, step into those gaps myself, pay someone else to fill that role, or figure out how to eliminate the gap another way. This means going all the way back to the most basic decisions in our business. One of the foundational things about Optimist is being a “different kind” of agency. I always wanted to build something that solved for the bureaucracy, hierarchy, and siloed structure of agencies. If a client has feedback, they should be able to talk directly to the person doing the work rather than going through 3 layers of account management and creative directors. So I tried to be clever. I tried to design all kinds of systems and processes that eliminated these middle rungs. (In retrospect, what I was actually doing was designing a system that played into my avoidant tendencies and made it easy to abdicate responsibility for lots of things.) Since we didn’t want to create hierarchy, we never implemented things like Junior and Senior roles. We never hired someone to manage or direct the individual creatives. We didn’t have Directors or VPs. (Hell, we barely had a project manager for the first several years of existence.) This aversion to hierarchy aligned with our values around elevating ownership and collective contribution. I still believe in the value a flat structure. But a flat structure doesn’t eliminate the complexity of a growing business. No one to review writers and give them 1:1 feedback? I guess I’ll just have to do that….when I have some spare time. No Content Director? Okay, well someone needs to manage our content playbooks and roll out new ones. Just add it to my task list. Our flat structure didn’t eliminate the need for these roles. It just eliminated the people to do them. All of those unfilled roles ultimately fell back on me or our ops person, Katy. Of course, this isn’t the first time we’ve recognized this. We’ve known there were growing holes in our business as it’s gotten bigger and more complex. Over the years, we’ve experimented with different ways to solve for it. The Old Solution: Distributed Ops One system we designed was a “distributed ops” framework. Basically, we had one person who was the head of ops (at the time, we considered anything that was non-client-facing to be “ops”). They’d plan and organize all of the various things that needed to happen around Optimist. Then they’d assign out the work to whoever was able to help. We had a whole system for tying this into the our profit share and even gave people “Partner” status based on their contributions to ops. It worked—kinda. One big downfall is that all of the tasks and projects were ad hoc. People would pick up jobs, but they didn’t have much context or expertise to apply. So the output often varied. Since we were trying to maintain a flat structure, there was minimal oversight or management of the work. In other words, we didn’t always get the best results. But, more importantly, we still didn’t close all of the gaps entirely. Because everything was an ad-hoc list of tasks and projects, we never really had the “big picture” view of everything that needed to be done across the business. This also meant we rarely had clarity on what was important, what was trivial, and what was critical. We need a better system. Stop Reinventing the Wheel (And Create a Damn Org Chart) It’s time to get serious about filling the gaps in our business. It can’t be a half-fix or an ad hoc set of projects and tasks. We need clarity on the roles that need to be filled and then fill them. The first step here is to create an org chart. A real one. Map out all of the jobs that need to be done for Optimist to be successful besides just writers and designers. Roles like: Content director Design director SEO manager Reporting Finance Account management Business development Sales Marketing Project management It feels a bit laughable listing all of these roles. Because most are either empty or have my name attached to them. And that’s the problem. I can’t do everything. And all of the empty roles are gaps in our structure—places where people aren’t getting the direction, feedback, or guidance they need to do their best work. Or where things just aren’t being done consistently. Content director, for example, should be responsible for steering the output of our content strategists, writers, and editors. They’re not micromanaging every deliverable. But they give feedback, set overall policy, and help our team identify opportunities to get better. Right now we don’t have anyone in that role. Which means it’s my job—when I have time. Looking at the org chart (a real org chart that I actually built to help with this), it’s plain as day how many roles look like this. Even if we aren’t going to implement a traditional agency structure and a strict hierarchy, we still need to address these gaps. And the only way for that to happen is face the reality and then create a plan to close the gaps. Now that we have a list of theoretical roles, we need to clearly define the responsibilities and boundaries of those roles to make sure they cover everything that actually needs to happen. Then we can begin the process of delegating, assigning, hiring, and otherwise addressing each one. So that’s what I need to do. To be done: Create job descriptions for all of the roles we need to fill Hire Biz Dev role Hire Account Lead role(s) Hire Head of Content Playing Offense As we move into Q1 of 2025 and I reflect on the tumultuous few years we’ve had, one thought keeps running through my head. We need to play offense. Most of the last 1-2 years was reacting to changes that were happening around us. Trying to make sense and chart a new path forward. Reeling. But what I really want—as a person and as an entrepreneur—is to be proactive. I want to think and plan ahead. Figure out where we want to go before we’re forced to change course by something that’s out of our control. So my overarching focus for Q1 is playing offense. Thinking longer term. Getting ahead of the daily deluge and creating space to be more proactive, innovative, and forward thinking. To do: Pilot new content formats Audit and update our own content strategy Improve feedback workflows Build out long-term roadmap for 1-2 years for Optimist Final Note on Follow-Through and Cadence In my reflection this year, one of the things I’ve realized is how helpful these posts are for me. I process by writing. So I actually end up making a lot of decisions and seeing things more clearly each time I sit down to reflect and write my yearly recap. It also gives me a space to hold myself accountable for the things I said I would do. So, I’m doing two things a bit differently from here on out. First: I’m identifying clear action items that I’m holding myself accountable for getting done in the next 3 months (listed in the above sections). In each future update, I’ll do an accounting of what I got done and what wasn’t finished (and why). Second: I’m going to start writing shorter quarterly updates. This will gives me more chances each year to reflect, process, and make decisions. Plus it gives me a shorter feedback loop for the action items that I identified above. (See—playing offense.) — Okay friends, enemies, and frenemies. This is my first update for 2025. Glad to share with y’all. And thanks to everyone who’s read, commented, reached out, and shared their own experiences over the years. We are all the accumulation of our connections and our experiences. As always, I will pop in to respond to comments and answer questions. Feel free to share your thoughts, questions, and general disdain down below. Cheers, Tyler

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Royal_Rest8409•This 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.

#reddit#small#startup

github

0.515

0.023472450495103967

instill-ai•Mar 28, 2025

instill-core

🔮 Instill Core A complete unstructured data solution: ETL processing, AI-readiness, open-source LLM hosting, and RAG capabilities in one powerful platform. Quick start Follow the installation steps below or documentation for more details to build versatile AI applications locally. What is Instill Core? Instill Core is an end-to-end AI platform for data, pipeline and model orchestration. 🔮 Instill Core simplifies infrastructure hassle and encompasses these core features: 💧 Pipeline: Quickly build versatile AI-first APIs or automated workflows. ⚗️ Model: Deploy and monitor AI models without GPU infrastructure hassles. 💾 Artifact: Transform unstructured data (e.g., documents, images, audio, video) into AI-ready formats. ⚙️ Component: Connect essential building blocks to construct powerful pipelines. What can you build? 📖 Parsing PDF Files to Markdown: Cookbook 🧱 Generating Structured Outputs from LLMs: Cookbook & Tutorial 🕸️ Web scraping & Google Search with Structured Insights 🌱 Instance segmentation on microscopic plant stomata images: Cookbook See Examples for more! Installation Prerequisites | Operating System | Requirements and Instructions | | ---------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | macOS or Linux | Instill Core works natively | | Windows | • Use Windows Subsystem for Linux (WSL2)• Install latest yq from GitHub Repository• Install latest Docker Desktop and enable WSL2 integration (tutorial)• (Optional) Install cuda-toolkit on WSL2 (NVIDIA tutorial) | | All Systems | • Docker Engine v25 or later• Docker Compose v2 or later• Install latest stable Docker and Docker Compose | Steps Use stable release version Execute the following commands to pull pre-built images with all the dependencies to launch: [!NOTE] We have restructured our project repositories. If you need to access 🔮 Instill Core projects up to version v0.13.0-beta, please refer to the instill-ai/deprecated-core repository. Use the latest version for local development Execute the following commands to build images with all the dependencies to launch: [!IMPORTANT] Code in the main branch tracks under-development progress towards the next release and may not work as expected. If you are looking for a stable alpha version, please use latest release. 🚀 That's it! Once all the services are up with health status, the UI is ready to go at . Please find the default login credentials in the documentation. To shut down all running services: Deployment Visit the Deployment Overview for more details. Client Access 📺 Console ⌨️ CLI 📦 SDK: Python SDK TypeScript SDK Stay tuned, as more SDKs are on the way! Documentation Please visit our official documentation for more. Additional resources: API Reference Cookbooks Tutorials Examples Contributing We welcome contributions from our community! Checkout the methods below: Cookbooks: Help us create helpful pipelines and guides for the community. Visit our Cookbook repository to get started. Issues: Contribute to improvements by raising tickets using templates here or discuss in existing ones you think you can help with. Community Standards We are committed to maintaining a respectful and welcoming atmosphere for all contributors. Before contributing, please read: Contributing Guidelines Code of Conduct Support Get help by joining our Discord community where you can post any questions on our #ask-for-help channel. Contributors ✨ Thank you to all these wonderful people (emoji key): Vibhor Bhatt Miguel Ortiz Sajda Kabir Henry Chen Hari Bhandari Shiva Gaire Zubeen ShihChun-H Ikko Eltociear Ashimine Farookh Zaheer Siddiqui Brian Gallagher hairyputtar David Marx Deniz Parlak Po-Yu Chen Po Chun Chiu Sarthak HR Wu phelan Chang, Hui-Tang Xiaofei Du Ping-Lin Chang Tony Wang Pratik date Juan Vallés Naman Anand totuslink Praharsh Jain Utsav Paul CaCaBlocker Rafael Melo Jeremy Shih Romit Mohane ChunHao Amelia C 楊竣凱 andre.liang Zoodane George Strong Anni Mubeen Kodvavi RCKT Wojciech Bandzerewicz Gary Leo felixcorleone Zoe Daniel Manul Thanura Akash Jana Anish0203 Prathamesh Tugaonkar Shubham This project follows the all-contributors specification. Contributions of any kind welcome! License See the LICENSE file for licensing information.

#github#instill-core

github

0.236

0.009333333333333334

bogdanmosica•Jan 23, 2025

internet-tools-collection

Internet Tools Collection A collection of tools, website and AI for entrepreneurs, web designers, programmers and for everyone else. Content by category Artificial Intelligence Developers Design Entrepreneur Video Editing Stock videos Stock Photos Stock music Search Engine Optimization Blog Posts Resume Interviews No code website builder No code game builder Side Hustle Browser Extensions Other Students Artificial Intelligence Jasper - The Best AI Writing Assistant [](https://www.jasper.ai/) Create content 5x faster with artificial intelligence. Jasper is the highest quality AI copywriting tool with over 3,000 5-star reviews. Best for writing blog posts, social media content, and marketing copy. AutoDraw [](https://www.autodraw.com/) Fast drawing for everyone. AutoDraw pairs machine learning with drawings from talented artists to help you draw stuff fast. 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Makerdao [](https://blog.makerdao.com/) Sholi — software for Investors & Traders / Sholi MetriX [](https://sholi.io/) Sholi — software for Investors & Traders / Sholi MetriX Stock Trading Quiver Quantitative [](https://www.quiverquant.com/) Quiver Quantitative Chart Prime - The only tool you'll need for trading assets across all markets [](https://chartprime.com/) ChartPrime offers a toolkit that will take your trading game to the next level. Visit our site for a full rundown of features and helpful tutorials. Learning Hacker Rank [](https://www.hackerrank.com/) Coderbyte | Code Screening, Challenges, & Interview Prep [](https://coderbyte.com/) Improve your coding skills with our library of 300+ challenges and prepare for coding interviews with content from leading technology companies. Competitive Programming | Participate & Learn | CodeChef [](https://www.codechef.com/) Learn competitive programming with the help of CodeChef's coding competitions. Take part in these online coding contests to level up your skills Learn to Code - for Free | Codecademy [](https://www.codecademy.com/) Learn the technical skills to get the job you want. Join over 50 million people choosing Codecademy to start a new career (or advance in their current one). Free Code Camp [](https://www.freecodecamp.org/) Learn to Code — For Free Sololearn: Learn to Code [](https://www.sololearn.com/home) Join Now to learn the basics or advance your existing skills Mimo: The coding app you need to learn to code! Python, HTML, JavaScript [](https://getmimo.com/) Join more than 17 million learners worldwide. Learn to code for free. Learn Python, JavaScript, CSS, SQL, HTML, and more with our free code learning app. Free for developers [](https://free-for.dev/#/) Your Career in Web Development Starts Here | The Odin Project [](https://www.theodinproject.com/) The Odin Project empowers aspiring web developers to learn together for free Code Learning Games CheckiO - coding games and programming challenges for beginner and advanced [](https://checkio.org/) CheckiO - coding websites and programming games. Improve your coding skills by solving coding challenges and exercises online with your friends in a fun way. Exchanges experience with other users online through fun coding activities Coding for Kids | Game-Based Programming | CodeMonkey [](https://www.codemonkey.com/) CodeMonkey is a leading coding for kids program. Through its award-winning courses, millions of students learn how to code in real programming languages. Coding Games and Programming Challenges to Code Better [](https://www.codingame.com/) CodinGame is a challenge-based training platform for programmers where you can play with the hottest programming topics. Solve games, code AI bots, learn from your peers, have fun. Learn VIM while playing a game - VIM Adventures [](https://vim-adventures.com/) VIM Adventures is an online game based on VIM's keyboard shortcuts. It's the "Zelda meets text editing" game. So come have some fun and learn some VIM! CodeCombat - Coding games to learn Python and JavaScript [](https://codecombat.com/) Learn typed code through a programming game. Learn Python, JavaScript, and HTML as you solve puzzles and learn to make your own coding games and websites. Design Useberry - Codeless prototype analytics [](https://www.useberry.com/) User testing feedback & rich insights in minutes, not months! Figma: the collaborative interface design tool. [](https://www.figma.com/) Build better products as a team. Design, prototype, and gather feedback all in one place with Figma. Dribbble - Discover the World’s Top Designers & Creative Professionals [](https://dribbble.com/) Find Top Designers & Creative Professionals on Dribbble. We are where designers gain inspiration, feedback, community, and jobs. Your best resource to discover and connect with designers worldwide. Photopea | Online Photo Editor [](https://www.photopea.com/) Photopea Online Photo Editor lets you edit photos, apply effects, filters, add text, crop or resize pictures. Do Online Photo Editing in your browser for free! Toools.design – An archive of 1000+ Design Resources [](https://www.toools.design/) A growing archive of over a thousand design resources, weekly updated for the community. Discover highly useful design tools you never thought existed. All Online Tools in One Box | 10015 Tools [](https://10015.io/) All online tools you need in one box for free. Build anything online with “all-in-one toolbox”. All tools are easy-to-use, blazing fast & free. Phase - Digital Design Reinvented| Phase [](https://phase.com/) Design and prototype websites and apps visually and intuitively, in a new powerful product reworked for the digital age. Animated Backgrounds [](https://animatedbackgrounds.me/) A Collection of 30+ animated backgrounds for websites and blogs.With Animated Backgrounds, set a simple, elegant background animations on your websites and blogs. Trianglify.io · Low Poly Pattern Generator [](https://trianglify.io/) Trianglify.io is a tool for generating low poly triangle patterns that can be used as wallpapers and website assets. Cool Backgrounds [](https://coolbackgrounds.io/) Explore a beautifully curated selection of cool backgrounds that you can add to blogs, websites, or as desktop and phone wallpapers. SVG Repo - Free SVG Vectors and Icons [](https://www.svgrepo.com/) Free Vectors and Icons in SVG format. ✅ Download free mono or multi color vectors for commercial use. Search in 300.000+ Free SVG Vectors and Icons. Microcopy - Short copy text for your website. [](https://www.microcopy.me/) Search micro UX copy text: slogans, headlines, notifications, CTA, error messages, email, account preferences, and much more. 3D icons and icon paks - Free3Dicon [](https://free3dicon.com/) All 3D icons you need in one place. This is a collection of free, beautiful, trending 3D icons, that you can use in any project. 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. 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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. DaVinci Resolve 18 | Blackmagic Design [](https://www.blackmagicdesign.com/products/davinciresolve) Professional video editing, color correction, visual effects and audio post production all in a single application. Free and paid versions for Mac, Windows and Linux. Online Video Editor | Video Creator | InVideo [](https://invideo.io/) InVideo's Online Video Editor Helps You Make Professional Videos From Premium Templates, Images, And Music. All your video needs in one place | Clipchamp [](https://clipchamp.com/) Fast-forward your creations with our video editing platform. Start with a video template or record your webcam or screen. Get the pro look with filters, transitions, text and more. Then, export in minutes and share in an instant. Descript | All-in-one audio/video editing, as easy as a doc. [](https://www.descript.com/) Record, transcribe, edit, mix, collaborate, and master your audio and video with Descript. Download for free →. 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! No code game builder Welcome to Buildbox [](https://signup.buildbox.com/) Welcome to Buildbox Flowlab Game Creator - Make games online [](https://flowlab.io/) Flowlab is an online game creator. Make your own games to share with friends. Make 2D Games With GameMaker | Free Video Game Maker [](https://gamemaker.io/) Make a game with GameMaker, the best free video game engine. Perfect for beginners and professionals. Learn to build your own 2D games with our simple tutorials. Side Hustle Side Hustle Stack [](https://sidehustlestack.co/) Side Hustle Stack is a resource for finding platform-based work, ranging from gig work and side hustles to platforms that help you start a small business that can grow. Fiverr [](https://www.fiverr.com/) Remotasks: Work From Home, Online Bootcamp Training [](https://www.remotasks.com/en) Make money doing tasks. Start earning today! Free bootcamp training offered online. Sign up for a free Remotasks account and work from home. Earn up to $200/month. Transcribe Speech to Text | Rev [](https://www.rev.com/) Transcribe Speech to Text with Rev. Reach your audience with clear and accurate captions, transcripts, and subtitles. AI Training Data and other Data Management Services [](https://www.clickworker.com/) AI training data, SEO texts, web research, tagging, surveys and more - Use the crowdsourcing principle with the power of >4.5M Clickworkers. Automate your Busy Work - Byron People-Powered Assistants [](https://www.hibyron.com/) Byron is an on demand US based virtual assistant platform that gives individuals and teams the ability to quickly outsource their non-essential tasks. Jobs Websites - Remote Latest Crypto Jobs, Web3 Jobs and Blockchain Jobs in the leading tech companies. [](https://cryptojobslist.com/) New Cryptocurrency Jobs, Web3 Jobs and Blockchain Jobs on CryptoJobsList — the leading site to find and post jobs. Connect with companies hiring in a few clicks and begin your next experience in the industry. Updated daily. Remote Jobs: Design, Marketing, Programming, Writing & More [](https://justremote.co/) Discover Remote Jobs from around the world. Give up the commute, work remotely and do what you love, daily, from anywhere. Find your perfect remote development, design, sales or marketing job today. Remote Ok [](https://remoteok.com/) Hire Freelancers & Remote Workers For Free [](https://talent.hubstaff.com/) Find and hire the highest quality freelancers from around the world - for free. Choose from thousands of developers, digital marketers, creatives and more. We Work Remotely: Remote jobs in design, programming, marketing and more [](https://weworkremotely.com/) Find the most qualified people in the most unexpected places: Hire remote! We Work Remotely is the best place to find and list remote jobs that aren't restricted by commutes or a particular geographic area. Browse thousands of remote work jobs today. Angel [](https://angel.co/) Remote Work: Jobs, Companies & Virtual Teams - Remote.co [](https://remote.co/) Remote.co is the definitive remote work job board for online job seekers and companies hiring. Start your remote job search here! FlexJobs: Best Remote Jobs, Work from Home Jobs, Online Jobs & More [](https://www.flexjobs.com/) The #1 job search site for hand-screened flexible and remote jobs (work from home jobs) since 2007. Plus get resume, coaching and career help. Join today! Remote jobs remotefront.io [](https://remotefront.io/) All remote jobs at remotefront.io Daily Virtual Events Helping You Grow Professionally [](https://powertofly.com/) PowerToFly is where you receive expert career advice, free video training, coaching and exclusive access to jobs and events at top companies. Best Remote and Work from Home Jobs - Virtual Vocations [](https://www.virtualvocations.com/) Best work from home jobs and remote jobs in over 50 categories for professionals, digital nomads, telecommuting workers and entry level jobseekers. Education, healthcare, medical, customer support and tech job openings. Remote Jobs | Working Nomads [](https://www.workingnomads.com/jobs) Remote jobs for digital working nomads. Start your telecommuting career and work remotely from home or places around the world. Job Search, Companies Hiring Near Me, and Advice | The Muse [](https://www.themuse.com/) Find jobs at the best companies hiring near you and get free career advice. Startupers [](https://www.startupers.com/) NoDesk - Where Everyone Works Remote [](https://nodesk.co/) Browse and apply to the best new remote jobs at leading remote companies and startups for free. Join hundreds of companies that use NoDesk to build their remote teams. Browser Extensions Blackbox - Select. Copy. Paste & Search - Magazinul web Chrome [](https://chrome.google.com/webstore/detail/blackbox-select-copy-past/mcgbeeipkmelnpldkobichboakdfaeon) Fastest Way to Copy Text from Videos & Images Octotree - GitHub code tree - Magazinul web Chrome [](https://chrome.google.com/webstore/detail/octotree-github-code-tree/bkhaagjahfmjljalopjnoealnfndnagc) GitHub on steroids WhatFont - Chrome Web Store [](https://chrome.google.com/webstore/detail/whatfont/jabopobgcpjmedljpbcaablpmlmfcogm?hl=en) The easiest way to identify fonts on web pages. Window Resizer - Chrome Web Store [](https://chrome.google.com/webstore/detail/window-resizer/kkelicaakdanhinjdeammmilcgefonfh?hl=en) Resize the browser window to emulate various screen resolutions. Amino: CSS Editor - Magazinul web Chrome [](https://chrome.google.com/webstore/detail/amino-css-editor/pbcpfbcibpcbfbmddogfhcijfpboeaaf) Live CSS Editor. Write custom CSS for any website and see your changes in real time. Checkbot: SEO, Web Speed & Security Tester 🚀 - Chrome Web Store [](https://chrome.google.com/webstore/detail/checkbot-seo-web-speed-se/dagohlmlhagincbfilmkadjgmdnkjinl?hl=en) Test SEO/speed/security of 100s of pages in a click! Check broken links, HTML/JavaScript/CSS, URL redirects, duplicate titles... Honey: Automatic Coupons & Rewards - Magazinul web Chrome [](https://chrome.google.com/webstore/detail/honey-automatic-coupons-r/bmnlcjabgnpnenekpadlanbbkooimhnj) Save money and earn rewards when you shop online. Tango: screenshots, training, & documentation - Magazinul web Chrome [](https://chrome.google.com/webstore/detail/tango-screenshots-trainin/lggdbpblkekjjbobadliahffoaobaknh) Automatically create beautiful step-by-step guides with screenshots, in seconds. No code browser automation | axiom.ai [](https://axiom.ai/) Build browser bots quickly, without code. Automate website actions and repetitive tasks using just your browser, on any website or web app. No Code Browser extensions builder Bildr - Visual Web Development in your Browser [](https://www.bildr.com/) Visually build SaaS products, Chrome extensions, and web3 dApps Other Repurposing content for social media the easy way » Repurpose.io [](https://repurpose.io/) Repurposing content for social media made easy. Automatically repurpose YouTube, TikTok, Lives, Podcasts, and Zoom calls. Try it for FREE. Smart Serials: Your serial numbers database [](https://smartserials.com/) This is your main source of free serial numbers, unlock keys in a clean environment safe to browse by all ages. Old versions of Windows, Mac and Linux Software, Apps & Abandonware Games - Download at OldVersion.com [](http://www.oldversion.com/) Online Room Planner - Design Your Room [](http://www.planyourroom.com/) Planyourroom.com is a wonderful website to redesign each room in your house by picking out perfect furniture options to fit your unique space. BoredHumans.com - Fun AI Programs You Can Use Online [](https://boredhumans.com/) Fun AI programs you can use online. AI games, fake people, computer generated art, machine learning demos, and more. BNProject | Home [](https://buynothingproject.org/) Open Source Alternatives to Proprietary Software [](https://www.opensourcealternative.to/) Discover 400+ popular open source alternatives to proprietary SaaS. URL Shortener - Short URLs & Custom Free Link Shortener | Bitly [](https://bitly.com/) Bitly’s Connections Platform is more than a free URL shortener, with robust link management software, advanced QR Code features, and a Link-in-bio solution. TinEye Reverse Image Search [](https://tineye.com/) Good Books | Books recommended by successful people [](https://www.goodbooks.io/) Looking for the best books to read in 2022? Discover the best book recommendations from the world's most successful, influential and interesting people. Directory - Website Recommendations [](https://tokapps.com/directory/) 0 TRIED & TESTED WEBSITES LISTED Insanely Useful Websites A combination of useful websites for businesses, freelancers, DIYers, and individuals in a centralised area.All websites have been tried and tested. Filter Websites Audio Business Tools Copywriting Design Entertainment Graphics Guides Health Marketing PC Resources Savings SEO Software Travel Video Apply filter Watch Anime Online, Free Anime Streaming Online on Zoro.to Anime Website [](https://zoro.to/) Zoro is a Free anime streaming website which you can watch English Subbed and Dubbed Anime online with No Account and Daily update. WATCH NOW! Animated Drawings [](https://sketch.metademolab.com/) Bring children's drawings to life, by animating characters to move around! Alternativeto [](https://alternativeto.net/) Chatroulette [](https://chatroulette.com/) Random meetings around the world Tiktok Downloader - Download Video tiktok Without Watermark - SnapTik [](https://snaptik.app/en) TikTok Video Downloader - SnapTik.App is one of the best free Download video Tiktok No Watermark tool available online. You can download TikTok video from any device you have. Imgflip - Create and Share Awesome Images [](https://imgflip.com/) Flip through memes, gifs, and other funny images. Make your own images with our Meme Generator or Animated GIF Maker. Fake Text Message | Make Fake Text Conversation [](https://ifaketextmessage.com/) Fake Text Message is a tool to create a Fake Text Conversation and a Fake iMessage. ✂Templatemaker ︎ [](https://www.templatemaker.nl/en/) Omni Calculator [](https://www.omnicalculator.com/) Omni Calculator solves 2960 problems anywhere from finance and business to health. It’s so fast and easy you won’t want to do the math again! Watch Movies Online Free | Watch Series HD Free [](https://hdtoday.tv/) Free Access to the Biggest library of HD Movies and HD Series online - NO ADS - No Account Required - Fast Free Streaming Students Answers - The Most Trusted Place for Answering Life's Questions [](https://www.answers.com/) Answers is the place to go to get the answers you need and to ask the questions you want Wolfram|Alpha: Computational Intelligence [](https://www.wolframalpha.com/) Compute answers using Wolfram's breakthrough technology & knowledgebase, relied on by millions of students & professionals. For math, science, nutrition, history, geography, engineering, mathematics, linguistics, sports, finance, music… Online Math Tools - Simple, free and easy to use math utilities [](https://onlinemathtools.com/) World's simplest collection of useful mathematics utilities. Generate number sequences, draw fractals, do quick matrix and numerical calculations and more! edX | Free Online Courses by Harvard, MIT, & more | edX [](https://www.edx.org/) Access 2000 free online courses from 140 leading institutions worldwide. Gain new skills and earn a certificate of completion. Join today. Sci-Hub [](https://sci-hub.hkvisa.net/) Sci-Hub,mg.scihub.ltd,sci-hub.tw,The project is supported by user donations. Imagine the world with free access to knowledge for everyone ‐ a world without any paywalls. DigitalDefynd - Find the Best + Free Courses Online [](https://digitaldefynd.com/) 4 Million+ Learners | 96,000+ Courses | 45,000+ Free Courses | 1200+ Free Certificates Learn Anything [](https://learn-anything.xyz/) Search Interactive Mind Maps to learn anything HubSpot Academy - Homepage [](https://academy.hubspot.com/) HubSpot Academy is the worldwide leader in inbound marketing, sales, and customer service/support training.

#github#internet-tools-collection