Notes from eChai AI Social at GVFL:
Curious about what went down at the eChai Startup Social with GVFL on March 14, 2024? Get ready to dive into a whirlwind of insights and takeaways straight from our participants themselves.
Mitesh Shethwala
, Founder, Currently
Curious about what went down at the eChai Startup Social with GVFL on March 14, 2024? Get ready to dive into a whirlwind of insights and takeaways straight from our participants themselves.
Mitesh Shethwala
- For Graphics and Videos -
Midjourney, ChatGPT, Adobe AI,
You can use AI to replace lots of operational tasks and be more efficient.
Aditya Shah
Midjourney
Generating concepts
Generating photographs
Eleven Labs
Ai Voiceovers for explainer videod
Shalin Parikh
For our edtech business. AI can be a great contributor for learners and content creators both. Apart from the most common use case of creating AI chatbot.
We are planning to utilize AI tools in Content Discovery, Development and Delivery. Which include Voice & Chatbot based content search on our platform, Video Creation, Text Generation & Summarization (Building Synopsis & Flash Cards), Voice Over, Making a lot of Text Learning more fun through animated videos etc.
I don't think we are looking at answers, mostly it's matter of implementation for us.
Nikita A Macquinn
AI for resume scanning and candidate shortlisting
Fresh team & Jobscan
AI solutions for training content build and e-learning content for LMS integration
Also I observed that AI for emotional health and intelligence assessment for hiring of critical roles and leadership is not there
Jimish Kapadia
AI for Startup Deal Evaluation
AI for adding one strong point as an evaluation parameter for StartUp Founder
We are into fund raising for the startup and invest in early stage startups
Evaluation is a critical aspects for any early stage startups as you have limited financials.
Looking for some innovative AI driven algorithm/parameters to implement in our evaluation process.
Tarjani Shah
We use various tools in our office for graphics, images, and presentations, including ChatGPT-4 and its plugins and DALL-E, as well as Microsoft Copilot. We also utilize software that leverages AI in the backend for tasks like GST reconciliation.
I recently shared a use case and a story titled "A Tale of Technology: AI's Impact on GST" on LinkedIn. You can find it here: https://l1nk.dev/Esd6Z.
In 2020, I hosted a fire side chat with Mukesh Bansal, Co-Founder, Myntra and CureFit about brief history of Myntra, CureFit and his insights from building an iconic indian startup as part of The Red Bricks Summit by IIM Ahmedabad.
Mukesh is a technology entrepreneur with almost two decades of experience working with high tech consumer internet companies. After B.Tech in Computer Science from IIT Kanpur and working across engineering, product management, and leadership roles for four different early-stage tech startups in the Bay Area, he founded Myntra in 2007 which became India's largest online fashion retailer.
Mukesh co-founded Cure.fit in April 2016. Since then, the company has raised a total of $400 million of funding and acquired Cult, 1000Yoga, and Fitness First. Bansal, through Cure.fit, has been instrumental in changing the landscape of India's health and fitness industry.
You can check out the live recording of our conversation below.
The debut of Lightcone Podcast, a podcast series by Y Combinator.
Kicking off with "The Truth About Building AI Startups Today," this series brings you up close with the thoughts and insights of YC's own Gary, Jared Harge, and Diana.
Kicking off with "The Truth About Building AI Startups Today," this series brings you up close with the thoughts and insights of YC's own Gary, Jared Harge, and Diana.
In the first episode of the Lightcone Podcast, YC Group Partners dig into everything they have learned working with the top founders building AI startups today. They share the ideas that are working particularly well, mistakes to avoid, and take a look at the competitive landscape among the current AI giants.
Whether you're just curious about AI or deep into planning your next big venture, this is something you won't want to miss.
Notes from Startup Exits and M&A Forum
It’s important for both the companies - the company being acquired and the acquirer - to evaluate not just products, services and financials but also whether there is culture fit between the leadership and the team at large.
Due Diligence can bring to light compliance issues as well some times and it is ok. As long as it does not show gross negligence or mis-representation in data, Due Diligence typically goes through.
Diligence at the time of acquisition and diligence at the time of fund-raising are quite different. At the time of acquisition, it is much more focused on team, technology, GTM channels and financials while diligence at the time of fund raising is mostly legal and financial with some attention to other aspects.
It’s difficult for startups to plan for an exit. The plan should be created to become valuable for customers - everything else typically follows.
It’s important for both the companies - the company being acquired and the acquirer - to evaluate not just products, services and financials but also whether there is culture fit between the leadership and the team at large.
Due Diligence can bring to light compliance issues as well some times and it is ok. As long as it does not show gross negligence or mis-representation in data, Due Diligence typically goes through.
Diligence at the time of acquisition and diligence at the time of fund-raising are quite different. At the time of acquisition, it is much more focused on team, technology, GTM channels and financials while diligence at the time of fund raising is mostly legal and financial with some attention to other aspects.
It’s difficult for startups to plan for an exit. The plan should be created to become valuable for customers - everything else typically follows.
Things to keep in mind during fundraising for early stage founders.
There are no permanent ‘No’s. When an investor passed on your deal, ask for permission to keep them updated every quarter and then enrol them into a list to which you send out a quarterly update across your product, team and growth. You never know when interest in your startup might peak.
Fundraising is a full-time activity for 1 founder. Pitch to as many people as you can. Pitch, Ask for feedback, improve, repeat.
At early stages, valuation is more of an art than a science. Ultimately, when you are at the negotiating table - everything falls back to how desperate you are to raise and how convinced they are to invest in you.
There are no permanent ‘No’s. When an investor passed on your deal, ask for permission to keep them updated every quarter and then enrol them into a list to which you send out a quarterly update across your product, team and growth. You never know when interest in your startup might peak.
Fundraising is a full-time activity for 1 founder. Pitch to as many people as you can. Pitch, Ask for feedback, improve, repeat.
At early stages, valuation is more of an art than a science. Ultimately, when you are at the negotiating table - everything falls back to how desperate you are to raise and how convinced they are to invest in you.
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eChai Partner Brands
eChai Ventures partners with select brands as their growth partner, helping them expand market reach, drive revenue growth, amplify brand visibility, and strengthen hiring efforts.
Cloud Telephony
CoLiving
Legal
Blockchain Development
FinTech and Financial Services
Investment Banking
Event Marketing
Coworking Spaces
Customer Engagement Platform
Creative and Marketing Agencies
Healthcare
D2C Brands
Marketing Automation
IT Hardware
Developer Tools
FMCG Food and Retail
Employment Laws
Climate Tech
ERP
HR Tech and Agencies
Marketing Tools
Web and Mobile Development
Cloud Telephony
Legal
Blockchain Development
FinTech and Financial Services
Investment Banking
Event Marketing
Coworking Spaces
Customer Engagement Platform
Creative and Marketing Agencies
Healthcare
D2C Brands
Marketing Automation
Developer Tools
FMCG Food and Retail
Employment Laws
Climate Tech
HR Tech and Agencies
Marketing Tools
Web and Mobile Development
