Created by Rishabh Srivastava, Founder of Loki.ai
This summary was largely done for my own note-taking, sharing it just in case it adds more value to other people.
I have no affiliation whatsoever with anyone in this note. This is a summary largely taken for my own reference, and may contain errors :)
Context
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Why is it important: ...
Keywords
Startups, content, popper, automation
Summary
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Highlights
- Started the company Contentyze in January 2020. Generating between $4-5k/month
- Some of this is from the own content they generate. Sponsorships and affiliate links
- Some of the revenue is coming from paying customers on the platform, but that’s still a minority. Want to flip this
- Earlier started PetaCrunch, a company with AI Journalists. A lot of the interviews they use to get quotes from founders are handled by code over email.
- Went from Academia to Startups. Started with consulting gigs to help other companies with AI. Then tried a delivery startup for a year, which failed. Had a second company afterwards, which tried to optimise logistics with Quantum Computing. Got pre-seed funding for it. Didn’t have a real solution, though. Was selling it to R&D departments to get ready for Quantum Computing
- Lessons from first two failures
- Solve a real problem for customers
- Execute on ideas super quickly. Don’t waste too much time brainstorming
- Not scared of failures. Can always find out something else to work on
- Work on things that can compound – compound technology and compound knowledge
- Started PetaCrunch afterwards. An AI journalist to interview startup founders. Simply scraped the contact details of startups that got funded, and sent them templated emails. Wants to make it a TechCrunch but with AI journalists
- Contentyze is synthetic media done by AI. Videos and articles that are fully generated by AI
- If you have your own expertise in AI, you can really supercharge a team. In the worst case, knew he could’ve done the same thing by himself
- You can also just use GCP APIs
- If there are industries where they’re still using Excel spreadsheets as their main resource, you can make better and more automated solutions
- Between January and May 2020, was dipping into savings + doing about 20 hours/week of consulting. Still have consulting projects, but down to 5-10 hours/week
- Started off just creating automated articles to get ad-revenue. Then, worked on ways to do productize it and do better UX design. Unless the product is super easy to understand and use, no one will use it
- You can get a LOT of leverage with AI + an easy to use interface
- People in real-estate are using Contentyze to turn spreadsheets into easy to read English explanations
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