AI startup founder reveals selling ‘fake’ $100/month product to reach $1 billion value: We were just...
Fireflies.ai achieved a $1 billion valuation through an unconventional strategy. Initially, the AI notetaker product was not automated. Instead, the co-founders manually attended customer meetings, took notes, and sent them to clients. This approach, called 'validation before automation,' proved demand and generated revenue before building the actual AI technology in 2017. This method saved the startup from failure.
Fireflies.ai achieved a $1 billion valuation through an unconventional strategy. Initially, the AI notetaker product was not automated. Instead, the co-founders manually attended customer meetings, took notes, and sent them to clients. This approach, called 'validation before automation,' proved demand and generated revenue before building the actual AI technology in 2017. This method saved the startup from failure.
