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It hit 1 billion searches per day in under a year : Let’s put this in perspective: ChatGPT compressed what took Google over a decade into roughly 300 days. The AI Adoption Explosion Across the Board But ChatGPT isn’t alone. They achieved this with $0 invested in marketing and just 131 employees. The kicker?
When SaaStr Fund made the first investment in RevenueCat back in 2018, nobody could have predicted that this “simple API for managing in-app subscriptions” would become the infrastructure powering 33% of all mobile subscription apps and reach a $500M valuation in 2025. The SaaStr Fund Thesis: Mobile Subscriptions Will Explode.
So I’m mostly made good investing decisions. My first VC investments were Pipedrive ($1.5B So if interested — here are the changed I’ve made to investing at SaaStr Fund : #1. Don’t Invest Without an S-Tier CTO If you follow me on social media, this won’t be a surprise, as I say it all the time.
and try it here : I did a deep dive live on Workshop Wednesday with my Top 10 Learnings, and brought in Simon Farshid, founder of Assistant UI , which offers the leading platform to add ChatGPT-like interfaces to your own app and to add some color. Importantly, it was vastly better than what I would have gotten from a generic ChatGPT prompt.
Anthropic is ~40% as big as OpenAI by ARR, despite its consumer app Claude being just 5% the size of ChatGPT. While OpenAI dominates headlines with ChatGPT’s viral success, Anthropic has quietly built a business that’s already 40% the size of OpenAI’s revenue, despite having a fraction of the consumer awareness.
It’s the emergence of a new category that’s attracting billions in investment and fundamentally disrupting the $500B+ software development market. Competitive Pressure With OpenAI acquiring Windsurf and Google investing heavily in AI development tools, tech giants could leverage distribution advantages to capture market share.
The shift from “innovation budget” to “operational budget” means AI tools must compete directly with established software investments—and many aren’t winning those comparisons yet. Beyond basic ChatGPT usage, effective AI implementation requires specialized expertise that’s in critically short supply.
billion, including one with OpenAI to train ChatGPT in Oracle Cloud. SAP restructured 10,000 positions to fund AI investments. If you’re not willing to make significant investments in AI capabilities, your competitors who do will eat your lunch. 🤖Now he's investing deep in AI. billion beat estimates of $15.59
ChatGPT has catalyzed an expectation in users’ minds that all products should converse with users & should be rather intelligent. Data science teams’ increased budget faces pressure from the office of the CFO to justify the investment. These teams operated downstream of the data warehouse.
The Infrastructure Bypass Midmarket software companies are caught in a “pressure cooker” with fast-moving AI startups developing applications far more rapidly than traditional software companies on one side, and tech giants investing billions in proprietary AI tools on the other. Palantir was ready.
What Is AI Infrastructure Infrastructure is everything you might think of behind a ChatGPT-like experience. Models built by OpenAI, Google, and Anthropic have billions of dollars to invest in training these models, so you have more powerful engines under the hood at no cost to you. It starts with silicon chips, GPU, and data centers.
Phase 2: The Inflection Point (2022-2023) Funding Strategy : Scale infrastructure ahead of demand Revenue Strategy : Freemium land grab with ChatGPT This is where the magic happened. ChatGPT launches in November 2022. Fund the Moat Before You Need It OpenAI spent billions on compute and talent before they knew ChatGPT would work.
Joselyn Goldfein , Managing Director at Zeta Venture Partners, which invests in AI and data infrastructure-focused startups from inception through seed stage And see everyone at 2025 SaaStr Annual, May 13-15 in SF Bay!! Examples like ChatGPT and Perplexity demonstrate how AI applications can be adopted through PLG strategies.
Their platform helps restaurant owners, who typically earn less than $50,000 annually in profit, create professional online presences without significant investment in time or resources. Restaurant Industry Solutions Owner.com has developed an AI website generator that implements industry best practices automatically.
This isn’t about sprinkling ChatGPT into your sales process. It’s about fundamental organizational redesign —from pricing models (hybrid consumption/subscription) to team structures (forward-deployed engineers vs traditional CSMs) to investment priorities (94% AI spend increases among high-growth companies).
The fastest growing category of US venture investment in 2024 is AI. Venture capitalists have invested $18.3 But after the launch of ChatGPT in 2022, there’s a marked inflection point. Some of this is new company formation, & there has been a significant amount of seed investment in this category.
While everyone was building ChatGPT wrappers, Palantir was quietly becoming the infrastructure layer that makes AI actually useful in large organizations. Invest in capabilities that seem over-engineered today but might be essential tomorrow. s : Build platforms, not features.
About Ethan Kurzweil Ethan is the founder of Chemistry VC, a focused early-stage venture firm that writes $3-30M checks with an average of $10-12M for Series A investments. Prior to founding Chemistry, Ethan spent 16 years at Bessemer Venture Partners, where he led investments in successful companies like PagerDuty, Intercom, and SendGrid.
We developed what we call “The Four C’s” for pre-call research: Chat : What did they discuss with our AI? Claude/ChatGPT : Full company research and “why should they buy from us?” The Bottom Line AI SDRs can work incredibly well, but only if you’re willing to invest the time to train them properly.
Build it into your core value prop or risk being eliminated before you even get to pitch The Opportunity : 4 out of 5 buyers report positive ROI on AI investments, and they’re willing to pay 20-30% premiums for proven AI value 2.
He was just using ChatGPT to generate Python code. Revelations in the Market After the Launch of OpenAI for Enterprise OpenAI shares three things about their journey to building ChatGPT Enterprise, learnings, and what is coming. Another learning was to invest in customer success work early on.
What if you could automate the mundane, repetitive tasks and focus on your core jobs that actually move the needle toward your return-on-investment (ROI) ? Social media automation tools I’d recommend for this task : ChatGPT , Buffer. ChatGPT for AI assistance with captions, copy, or generating post ideas.
The importance of RevOps and when to invest in a full-time RevOps hire. Attention’s generalized insights allow you to ask any question across all of your conversations – think of it like ChatGPT for your sales calls. Lessons learned from growing and selling a bootstrapped services business. But that’s just the beginning.
Governments and companies now invest billions: the U.S. This surging investment spans AI chips, cloud platforms, and smart software. billion in private AI investment in the U.S. private AI investment reached $125.3 born tools like ChatGPT are extremely positive (ChatGPT rates 4.7/5 poured $109.1
Microsoft is in talks to invest an additional $10 billion into ChatGPT owner OpenAI as it looks to integrate the GPT3-based chatbot into its search engine Bing, Semafor reported. To read this article in full, please click here
Attention’s generalized insights allow you to ask any question across all of your conversations – think of it like ChatGPT for your sales calls. 9:10) Will the vast majority of software companies have a PLG motion in the future? (18:56) 18:56) Using product data for marketing purposes. (21:17) But that’s just the beginning.
AI doesn’t magically make every payroll or SOC2 product better, and hooking ChatGPT into an app doesn’t magically change the game. If you outsource your content to some crappy agency that recycles ChatGPT, your content marketing will fail. Talkdesk is worth $10B, and he invested when it was just five people. It’s still early.
The arrival of ChatGPT just eight weeks ago was a watershed moment. ChatGPT suffers from “hallucinations” – confidently providing incorrect information. Even before the recent GPT models came out, we were investing substantially in AI to make this process more efficient.
Many investment banker pitches say that everyone is number one at something. G2’s OpenAI-Powered Monty Changes The Game G2’s Monty, powered by ChatGPT, will be the best way to discover longtail apps for software buyers. Why ChatGPT and not some other language model?
Together with Abhay Parasnis, founder and CEO of Typeface, they chat about what it looks like to be a builder at the forefront of Generative AI. Lightspeed has invested in companies for about 20 years, with roots in early-stage Enterprise investing. When Typeface began 15 months ago, it was before ChatGPT was released.
Since there is much talk of AI replacing workers , including writers , I thought I’d give ChatGPT a crack at writing a Kellblog post. So invest in marketing, and watch your business thrive. But for now, ChatGPT doens’t appear to be close to putting me out of business. So, how’d it do?
ChatGPT is a chatbot sensation that virtually every enterprise — large and small — is considering using to create greater business efficiencies. And all that can be done with limited investments. Five days after its November launch, it had 1 million users. Over the next two months, the AI chatbot had more than 200 million users.
The company is investing $50b of capex this year into additional capacity because AI demand exceeds supply. In fact, Azure Search, which is really used by even ChatGPT, is one of the fastest growing services for us. 815% Total $4.5b 760% Combined with the Copilot business, Microsoft has roughly $4.5b-5b 5b AI product suite.
Ever since ChatGPT catapulted generative AI into public consciousness over a year ago, we’ve been introduced to thousands of new consumer products that incorporate the magic of AI — from video generators to workflow hacks , creativity tools to virtual companions. ChatGPT also leads here — but by a much tighter margin.
The SMB markets can test out features that aren’t built to scale yet, and as they succeed, Greenhouse invests in them and rolls them out to Enterprise customers. The swing nature is true for where to invest marketing dollars, so founders need to be thoughtful when running a portfolio of bets. Greenhouse is no different.
time, he agreed to invest a million dollars into the company and kickstarted everything. If you take ChatGPT, an interface to a model, OpenAI needs to be the best at the thing. Long-term revenue is more painful, but it’s essential to invest in it. Mark doesn’t do calls. Around 4 a.m.
Generative Artificial intelligence (AI) like ChatGPT – and now Bing Chat – is transforming the way we communicate and work, especially in Customer Success. It was trained on web data up to mid-2021, so the benefit of Bing Chat over ChatGPT is access to the latest information. ChatGPT which is GPT3.5).
Sure – the rise of ChatGPT has gone mainstream for consumers and smaller companies, but what about the big guys? ” What are the Most Important Investments that Ensure a Future 50 Company Can Adopt? While the first generation of Generative AI is great, it’s not quite ready to solve Enterprise problems. Compliance matters.
Lesson #2: Invest in Prospect Data Way Earlier So, now that you know what the customer looks like, you need to know how to target them. Invest way earlier than you think in prospect data. The key takeaway: hire and invest in rev ops and enablement earlier than you think. This is big takeaway #2. Find a way to document.
Yesterday I published a brief LinkedIn post with a few thoughts on ChatGPT and the implications for SaaS companies. As we enter month 3 CE (ChatGPT Era), I’d like to share a few observations and questions on the ChatGPT phenomenon and what it might mean for SaaS startups. enabled ChatGPT’s meteoric rise. What happened?
I was chatting with one of our designers the other day. She mentioned she’s creating a landing page , and she used a combination of Smart Copy and ChatGPT to create placeholder copy for the meantime until the Copywriter is available to get in there and write the actual final copy. 00:10:46] Pete Housley : Couldn’t agree more.
AI SaaS further elevates this model by providing scalable, cloud-based AI technologies - such as Machine Learning (ML), Natural Language Processing (NLP), and Causal AI - without requiring heavy investments in infrastructure or specialized talent. After this ChatGPT boom, adoption was at an all-time high.
Generative artificial intelligence (AI) tools such as ChatGPT are rapidly gaining traction, allowing the technology to be used throughout the enterprise to automate a variety of manual tasks performed by workers today, leading to what's expected to be a major shift in the global job market. To read this article in full, please click here
I asked ChatGPT how many price changes AWS has made to S3 since it’s inception in 2006, and the answer it gave me was 65. Sundar said “ the risk of under investing is dramatically greater than the risk of over-investing. This is for information purposes and should not be construed as an investment recommendation.
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