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Larry Kim

๐Ÿ‘ค Speaker
150 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

use case for B2C.

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

So the same types of customers who are spending money on ads, you know, would they be interested in this new offering of IDing website visitors and providing that email and contact information to the website owners and doing sales outreach to them?

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

I mean, the technology is kind of similar to the automation that you would put into a chatbot.

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

So it's still our same, you know, drag and drop,

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

you know, uh, boxes and arrows kind of user interface for, for doing step one, step two, step three, like a sequence of, of, of automations.

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

But instead of sending out messages on Facebook messenger and Instagram and Instagram messenger, it's, it's just emailing.

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

Uh, and, and, um, we were pulling in the data through various, various different ways.

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

And, um,

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

You know, that's hard to do, as you alluded to.

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

It's usually the case that you swing at something, you miss, and the company goes down in flames.

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

It's rare that, you know, you're able to, like these pivots, they almost never work.

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

uh it's it's what i described to you before um there's there's the like how does it get priced is the question like do i want to make this really really punitive and like you know you know do a like a down round or do i want to do this as a convertible note um and and um

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

There's just different ways to finance a business or, you know, my existing investors, you know, like, what would they price it in?

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

I hadn't even tested the market.

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

I was kind of concerned that this was a tweener, like not quite a failure, but not quite a series A type business.

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

And I just needed more runway.

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

And so through a combination of, you know, myself putting in, sorry, going back with

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

with founder path for, uh, when I was on the lid of initially it was about a 400 K loan.

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

You know, we had over a million in revenue.

SaaS Interviews with CEOs, Startups, Founders
His First Exit Was for $200m, His Next Startup Hit $1m Then Almost Failed, Now 100% YoY Growth at Customer.ai with unique LLM model

So that's, you know, 400 K is like, you know, less than 40% of, of, uh, a month's, um, or of, of, of ARR.