#20VC with Mercor Co-Founder & CEO Brendan Foody. Link in bio. — #HarryStebbings #Business #shorts ...

Key Events & Challenges - The company initially secured a deal with Brian Cranston for a Breaking Bad campaign, expecting it to be a breakthrough [1] - A competing company's campaign with Samuel Jackson raised $180,000, 10x more than the company's previous efforts [2] - The company was almost out of cash and lacked a case study to prove its model [6] Strategic Actions & Outcomes - The company representatives attended Brian Cranston's charity event and negotiated a deal by promising to raise $250,000, exceeding the competitor's $200,000 promise [3][4] - The Breaking Bad campaign ultimately raised $300,000 [5] - The success with Brian Cranston led to collaborations with Aaron Paul and a Breaking Bad finale event, raising $1.7 million [5]

What's clear here is this. The board wants the Elon bet. That's just super clear.We feel they owe him the past and they're going to give him the future. The second thing is they really did believe that if they didn't give him the extra 12% on top of making good the stuff that was disallowed in 2018, he might war. And then the third, I think the most interesting thing is they're really paying him to double down again.Yeah, the trillion dollar is obviously a big headline, but some of those operational and mar ...

Who wants to fill in forms or flip through web pages. This is like people punching cars in the 70s. There's no doubt in a couple years at most, nobody's going to be filling in forms.Nobody's going to run those like reports and go and like update their managers and all of that. It's all going to be done by agents automatically with AI. Better.Faster, cheaper than. ...

CRM Limitations - CRM is not a single source of truth [1] - The only reliable data in CRM is customer identity, purchase history, payment amount, and phone numbers [1] - Other data in CRM may not be accurate [1]

And the thing I would say though about any company in SAS today and Atlassian is a prime example of this is they are primed for disruption right now because AI is going to decimate their seat base for their products. It'll decimate the roles people are playing. AI will do the jobs that people are sitting there in Atlassian products doing today.And so the question is what are they doing. And now I look at the browser company. I'm like, I'm not sure that's the answer to what's going to potentially replace a w ...

Industry Analysis - The buyer has essentially destroyed the core of the company, leaving only a shell [1] - Scale was once valued at $28 billion, implying Brett should be worth $56 billion [1] - Venture capital today focuses on increasing human efficiency by 10% through AI co-pilots [2] - The real goal is to reduce workforce by 75% using AI [2] Due Diligence Concerns - Venture rounds are now being completed on Saturdays, indicating a lack of proper due diligence [2] - There is a significant decline in diligence compared to two years ago [2] Ethical Considerations - Increased accountability is needed, specifically more founders committing fraud should face imprisonment [3]

Expertise & Validation - The company seeks domain expertise it lacks [1] - The company aims to validate itself through access to specific circles [1] Strategic Considerations - For AI founders, a network of fellow AI founders is valuable for shared events and conversations [2] - The company aims to incorporate go-to-market expertise, particularly sales-led strategies, to complement self-service experience [2]

On the investor side, I think you want to line up investors. You do want to tell them like, okay, I'm not racing now. I'm going to reconsider whether we need more capital in Q3 or Q2, whatever is the time period.And then when you actually need the money, then is the best time to actually re-engage with them. I think it's a waste of time to be in this like continuous fundraising mode. It's, you know, distractive.You need to have conversation. It's not useful. ...

every round we can we do secondary and a tender offer for all employees that have vested stock so they can sell the stock so they all feel that there's actually liquidity to them to the company I think it's valuable because we are betting for something huge and you want to know that you can take the risk to bet on that some big outcome which of course you know like I think it's very easy to say financial is not important and I think it isn't but there's like this basic layer that has it is paying for child ...