"Startups can use AI to expedite their time-to-market, but they still need an innovative product or a unique problem-solving approach to truly thrive. AI can accelerate their potential for rapid growth and scalability in certain situations, however, I don't believe that a startup solely relying on AI plugins or functionalities can sustain a long-term business model." - Bhavik Vashi
“The beauty of Asian SaaS companies’ business model is that 50 to 70% of costs will be people's costs. Everything else is controllable. If you're building in Asia, you're serving consumers and businesses at a lower price point but you’re also paying at a lower price point. If you're running a company in the west and serving the east is a failing proposition, but if you’re running and serving in the east, then you've brought both down." - Bhavik Vashi
"Enterprise sales require a strong value proposition and a higher ASP or average sales price associated with your product. I always worry about a company that's running a sales-driven motion with a low ASP because something seems missing. Solving a complex and impactful problem will likely require a human-to-human interaction to understand the specific context and how your product, along with a service, can address it." - Bhavik Vashi
In the discussion between Jeremy Au and Bhavik Vashi, several key insights were shared regarding B2B SaaS, AI, and personal experiences. Regarding B2B SaaS, it was highlighted that building a successful B2B SaaS product at a lower price point requires careful consideration of unit economics, including accurate estimation of customer lifetime value and acquisition costs. Many companies tend to underestimate these factors, leading to challenges in profitability. Additionally, Bhavik emphasized the potential in Asia for B2B SaaS, where lower price points for serving consumers and businesses are matched by lower costs, creating a balanced equation.
The conversation shifted to AI, where both participants explored its potential impact. While acknowledging uncertainties, they speculated that proprietary data sets could become increasingly valuable, potentially benefiting startups by leveraging AI technologies. They also mentioned the need for a nuanced approach, considering ethical considerations and potential challenges such as bias.
Lastly, Bhavik shared his personal experience of relocating from the US to Asia. The decision involved leaving behind established personal and professional networks, and while family and friends were reversible, the professional implications were more significant. However, Bhavik expressed satisfaction with his choice and highlighted the growth and learning opportunities it provided. Overall, the discussion provided insights into building B2B SaaS products, the potential of AI, and the personal challenges associated with making bold life decisions.
Watch, listen or read the full insight at https://www.bravesea.com/blog/bhavik-vashi
Get transcripts, startup resources & community discussions at www.bravesea.com
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