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GP @Unusual VC | Investing in AI SaaS

🚨Episode 49 of the Startup Field Guide is live with Kareem Amin, CEO and co-founder of Clay, which just announced its $50M Series B round - congrats to the team! Kareem’s one of the most thoughtful product thinkers I have interviewed and his 7-year journey with Clay was fascinating to dig into! Listen/watch here 👇 YouTube: https://lnkd.in/gkMahuAs Spotify: https://spoti.fi/45O5Nzo Apple: https://apple.co/4eLuS1J Clay is an AI-powered platform for sales prospecting that gathers data from over 75 sources to build lists and help growth teams at companies like Ramp, Notion and Vanta send personalized outreach messages. 1️⃣ Clay was originally built as an extremely flexible connected database without a specific use case in mind. The team stayed extremely lean for the first 4 years exploring use cases that aligned the best possible market opportunity to their mission. 2️⃣ As they experimented with an outreach oriented workflow, their earliest traction came from a particular type of customer — small agencies providing outbound lead generation and B2B growth marketing services. 3️⃣ Every startup success story comes down to timing. From the beginning, Clay was built to aggregate data sources and tools, making it easy to integrate AI models like GPT-3 as another data source in 2021. They were able to quickly ship data extraction, summarization, and writing personalized messages - tasks that previously required years of NLP investment. 4️⃣ While Clay began monetizing their product in late 2021, it took several months for them to feel the holy grail of startups - “momentum”. The key was extreme product focus (limiting use cases) and alignment. Kareem was very intentional about aligning their GTM motion and pricing model with their product strategy and mission around flexibility. They chose usage-based over seat-based pricing, optimized for the "recurring use case" of sales prospecting, while aiming to provide maximum customer-friendliness to early adopters brought together in a single slack community.

Marcel Santilli

🦾 CMO @ Deepgram, Investor, Advisor 🇺🇸 🇧🇷 // Ex- Scale AI, HashiCorp, ServiceTitan

1w

Great episode!! Keep them coming Sandhya, so good.

Arunima Sharma

Data & (Gen)AI Entrepreneur | Angel & RE Investor | Ex-SFDC: Award-winning Cybersecurity & Customer Service innovation w Data/AI/GenAI | Responsible, Secure, Identity&Risk-aware (Gen)AI & communities | TEDx Speaker

1w

You’re my FAVORITE podcast host, thanks for your content and deeply insightful questions Sandhya Hegde!

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