Hosted echai AI Day Bangalore. Here are the quick takeaways:-
1. Finding the Right Co-founders: Look for committed co-founders through platforms like Y Combinator Co‑Founder Matching and Entrepreneur First.
2. Where to use AI: Identify problems that are repetitive, error-prone, and disliked by those performing them. Can you apply AI to achieve an acceptable level of accuracy and make the process either faster, cheaper or better?
3. Selling Your Product - Create champions in the companies where you are selling; they will advocate for your product behind you. Understand their motivations and align your product to meet those needs.
4. Value Proposition: Customers buy solutions to their problems, not AI itself. So have a clear alignment with the goals and the OKRs of the company.
5. AI Funding Strategy: Focus on winning customers, not chasing VCs. If people love your product, VCs will come to you. The goal of fundraising is to quickly secure funds and get back to building your business. Don't drag out the process for months for minor valuation gains—it won't matter in the long run.
“I have no hesitation in saying that my association with eChai has been a gateway into the startup ecosystem. Through this platform, I’ve had the opportunity to connect with many young and dynamic entrepreneurs. These interactions have been immensely enriching - I’ve learned a great deal and have always tried to offer guidance whenever approached. It’s a truly symbiotic relationship that I deeply value, and it wouldn’t have been possible without eChai.”
Syed Nadeem Jafri
Founder, Hearty Mart
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Pankaj Bhimani
Founder, 58miles
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Hardik Manwani
CTO, Mind Alcove
eChai Partner Brands
eChai Ventures partners with select brands as their growth partner - working together to explore new ideas, open doors, and build momentum across the startup ecosystem.
