The Entrepreneur Experiment EE433 - Raising €4M To Automate the Painful Side of Business
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Jul 17, 2025 Dive into the world of AI bookkeeping as Ross and David unveil Outmin's groundbreaking journey! They tackle the art of navigating funding, raising €4M while rejecting vanity metrics. With a focus on automating bookkeeping, they share insights on competitive advantages through data and the importance of robust testing. Discover how they transformed accounting and the role of AI in business, making complex tasks easier and more efficient. This discussion blends personal health insights with powerful entrepreneurial lessons!
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AI Growth Mirrors Early Internet
- AI productizing is like the 1998 internet era; we have powerful tools but unclear applications.
- AI models' abilities are discovered post-training, making innovation non-linear and unpredictable.
AI as Invisible Plumbing
- AI will mostly improve invisible infrastructure or "plumbing" in the next five years.
- Major breakthroughs will feel subtle initially and become obvious towards the end of this period.
Data and Compute are Key
- The true winners in AI will be those owning unique data sets and computing power.
- Data sets with exclusive, proven real-world value are critical for AI success.
