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Second Time Founders
E72 Company in under invested space hits $1B in revenue while only raising $10M! evaluating AI tools now and how you should use them in your startup
Oct 16, 2024
The speakers share their journey of experimenting with AI tools for building applications, highlighting both successes and limitations. They recount struggles with ChatGPT for data matching, underscoring the necessity for custom solutions. KiwiCo’s remarkable growth to over a billion in revenue with minimal fundraising prompts a discussion on sustainable practices in startups. The power of podcasting as a marketing tool and advancements in aerospace also feature prominently. Finally, the challenges of navigating government inefficiencies are addressed, along with the need for innovative partnerships.
49:23
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Quick takeaways
- AI tools like ChatGPT can assist in coding projects, but developers still need substantial skills for effective debugging and problem-solving.
- KiwiCo's success, raising only $10 million while achieving $1 billion in revenue, highlights the potential of sustainable business models in under-invested markets.
Deep dives
Exploring AI Tools for Coding
The use of AI tools for coding is highlighted through personal experimentation with various platforms. The speaker recounts diving into coding for a business problem, using AI like ChatGPT and Perplexity to assist in creating a Python application from scratch. Initial success in generating code led to a realization of the limitations faced, as a significant amount of debugging and problem-solving was still necessary to achieve a working product. The experience emphasizes that while AI tools can significantly aid in coding, they are not a complete substitute for the skills and understanding of a developer.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode