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.
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.
eChai Ventures is a global startup network connecting entrepreneurs through local meetups in 20+ cities worldwide, enabling cross-border collaborations via startup panels, demo days, cricket, and pickleball leagues.
