High Agency: The Podcast for AI Builders What Gives an AI Founder Staying Power I James Theuerkauf, CEO of Syrup Tech I Sara Ittelson, Partner at Accel
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Dec 27, 2024 James Theuerkauf, CEO of Syrup Tech, and Sara Ittelson, Partner at Accel, share their insights on the challenges of building AI-first companies. They dive into innovative demand forecasting in retail, enhancing decision-making with AI. The duo discusses leveraging unconventional data to boost business performance and the evolving role of generative AI in shaping industries. They emphasize the importance of adaptability and a problem-centric mindset for AI entrepreneurs, ultimately arguing that AI's transformative potential is often underappreciated.
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Start Simple, Iterate
- Start simple with a baseline solution when building AI products.
- Iterate and incorporate more sophisticated technology as you progress.
Value of Exotic Data
- Exotic data like social and weather data significantly improves demand forecasting accuracy.
- This leads to double-digit performance improvements and impacts profit margins.
Data Science and Domain Expertise
- A data scientist discovered higher weekend sales, which is obvious to retail experts.
- Combining data science with domain expertise helps avoid trivial findings and focus on valuable insights.