👓 AI for managers: Maximizing impact

Why is Big Data a game changer for small businesses?

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On World Oceans Day, we dive into questions about how to handle artificial intelligence, beyond its usage, focusing instead on management and training... Or did you think it would always come pre-trained in our hands? You'll find an important reminder to take action from leadership positions in startups in teaching and understanding AI agents. 📚

Additionally, a columnist brings to our attention the beneficial use we can make of big data to optimize marketing strategies and operations.

And if you're having trouble deciphering younger generations, below you'll find a video that will help you understand their connection to quiet quitting. 🤫

Keep reading for more!  👓

Six bullets of updates

  1. 🇾 YC startups are raising smaller rounds, often $1.5M to $2M, targeting only 10% equity, frustrating traditional seed investors.

  2. 📈 Stacklet sees demand grow as companies prioritize cloud cost control, with a 3x increase in revenue.

  3. 🗂️ Cube is developing a semantic layer for company data to streamline analytics and data access.

  4. 👩‍🚀 Vertical Future gets a £1.5M grant to develop an autonomous vertical farm for the first commercial space station, opening in 2026.

  5. 🤝 Asana introduces AI "teammates" to its platform, aiming to streamline workflows and boost productivity by up to 50%.

  6. 🇮🇳 BlackRock, an investor in Byju's, now considers its stake in the Indian edtech giant, once valued at $22 billion, worthless.

Embracing AI: Transforming management and maximizing potential

The significant advancement of AI makes it highly likely that most companies and startups will employ AI agents to boost productivity. This necessitates entrepreneurs becoming AI managers, and with that in mind, it’s essential to shift our perspective on managing AI and addressing its errors.

AI tools have faced criticism for their mistakes, but treating AI errors as human errors can lead to substantial improvements. AI agents, like human employees, can grow and evolve with proper training. This means investing time in AI training is crucial to ensure significant returns. As a new paradigm takes hold, AI agents will become as intelligent as we collectively strive to make them.

Treat AI agents with the same understanding as humans, acknowledging that mistakes happen. Great managers coach, train, and remove obstacles to help AI improve. They may have flaws, but they have the potential to improve if given a chance. Read more.

Startup Events and Deadline

  1. GTM Mastery Summit San Francisco | June 10 | Conference

  2. Course in Financial Modeling | June 12 | Webinar

  3. Financial Modeling Bootcamp | June 17 | Live 1 week Bootcamp

  4. How to close a Funding Round (it’s not just the pitch deck) | July 2 | Webinar

The Rising Demand for Whiskey: A Smart Investor’s Choice

Why are 250,000 Vinovest customers investing in whiskey?

In a word - consumption.

Global alcohol consumption is on the rise, with projections hitting new peaks by 2028. Whiskey, in particular, is experiencing significant growth, with the number of US craft distilleries quadrupling in the past decade. Younger generations are moving from beer to cocktails, boosting whiskey's popularity.

That’s not all.

Whiskey's tangible nature, market resilience, and Vinovest’s strategic approach make whiskey a smart addition to any diversified portfolio.

These companies just raised money

  1. Solutions by Text secured $100M. They focus on simplifying bill payments through a compliance-first messaging platform.

  2. ☁️ Mavenir raised $75M. The company creates cloud-native software for managing networks without traditional telecom hardware.

  3. 🦿Restor3d and its 3D printed orthopedic implants secured $70M despite investors becoming wary of 3D technology startups.

  4. 💳 Kleiner Perkins leads a $14.4M seed round into Fizz, a credit-building debit card for Gen Z college students.

  5. ⚙️Tektonic AI lands $10M funding to develop GenAI agents for automating business operations. 

Why is Big Data a game changer for small businesses?

Small businesses can leverage big data to uncover hidden patterns and customer preferences, proving more beneficial than many startups might think. Tools like Google Analytics and Microsoft Power BI can optimize marketing strategies and operations. It is crucial to train teams and update practices to maintain a competitive edge while ensuring data privacy, as noted by Ludwig Makhyan, entrepreneur at Mazeless Enterprise SEO.

In his view, the future of big data is promising, with tools becoming more affordable and user-friendly. Real-time analysis and artificial intelligence will be fundamental in automation and gaining deep insights. Small businesses can thrive in an evolving market by adopting big data and staying abreast of emerging trends. Read more.

SaaS Growth Calculator

A growth calculator that lets you forecast the impact of your ARPU (average revenue per user) and Churn Rate on the long-term potential of your subscription business.

Quiet Quitting and Startups: a Paradox - Millennials Decoded

In the dynamic world of startups, success often hinges on passionate dedication. But what happens when team members silently disengage, effectively "quiet quitting"? Don’t forget to subscribe!