Episode 663 | 5 Insights SaaS Founders Should Know About A.I. (Ignore at Your Peril)

Startups For the Rest of Us

Rob Walling

Management, Entrepreneurship, Business, Marketing

4.8 • 792 Ratings

🗓️ 30 May 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode 663, Rob Walling and Einar Vollset share five insights SaaS founders should know about the state of AI. They offer a unique perspective by sharing a mental model around the four categories of AI and how to use this to think about the impact on your business. Topics we cover: 2:08 - Einar’s thoughts on the state of AI 7:11 - Why you shouldn’t ignore AI 9:33 - The 4 categories of AI 18:36 - AI is not a product differentiator 22:01- Should bootstrapped companies try to build their own LLMs? 24:41- Using AI internally in your company 30:03 - Is my business model a ticking time bomb? Links from the Show: Einar Vollset (@einarvollset) I Twitter MicroConf Europe MicroConf Youtube Channel If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you. Subscribe & Review: iTunes | Spotify | Stitcher

Transcript

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0:00.0	Welcome back to Start Up for the rest of us. This is the show where we focus on bootstrapping
0:04.5	and mostly bootstrapping SaaS companies. Today I sit down with my Tiny Seed co-founder
0:09.7	Anar Volset and we talk through five insights SaaS founders should know about AI, about Open
0:16.7	AI, Chad GPT, LLMs, all the things you're probably kind of tired of hearing about.
0:21.6	But here's the different tact that we took, that I'm not hearing other podcasts and other
0:26.9	pundits make on this topic. I tried to put a mental framework around AI that SaaS founders
0:33.5	would understand. It's how I would be thinking about this if I were a startup founder.
0:38.1	And frankly, it's how I'm advising my almost 150 investments to be thinking about this.
0:43.8	So I kick it off by going through four categories of AI. So we had some taxonomy to think about.
0:51.2	And I talk about generative, categorization, summarization, and predictive.
0:58.7	And then we walk through five things that I think you as a founder should be thinking about.
1:04.8	If you're putting your head in the sand and thinking AI is not going to change everything, that's a problem because it's going to change quite a few things.
1:14.7	But before we dive into that, tickets for microcomph Europe this October are available for sale. Micracomf.comf.comf Europe is in Lisbon, October 1st through the 3rd. Speakers include Michelle Hansen of Geocodeo,
1:20.7	Sherry Walling of Zen Founder, myself, Stephen and Nala Craven of Stritis and several others yet
1:27.4	to be announced.
1:28.3	It's going to be an amazing event.
1:29.6	Tickets are already flying off the shelves as they say.
1:33.0	MicroConf.com slash Europe if you're interested.
1:36.3	And with that, let's dive into my conversation
1:38.1	with IntervalSet on Five Insights SaaS Founders Should Know About AI.
1:42.0	I.
1:54.1	Thank you. SaaS founders should know about AI. Anar, thanks for coming back on the show.
	...

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