A few reasons! For context, I recently started helping out over at CEAi. After several years of running my own companies, I decided to join forces with Bradford Cross, because I have wanted a new way to launch startups, find product-market fit, and scale companies, at scale. How do you build a better meta-startup platform? And where do you start, what do you do first? Lots of fun questions, but these things below were my starter hypothesis:
AI will eat the world.
I’ve been a Lisper for a long time, I’ve enjoyed all the AI books from back in the day, and often wondered when the “AI Winter” would end.
It certainly ended!
With more and more powerful (and cheaper) computing power, newer algorithms are becoming practical, both from a speed and cost perspective. Software was going to eat the world, now AI will eat the software that isn’t using AI techniques.
Cutting Edge Problems
The type of stuff that we’re working on at CEAi is pretty awesome – starting with Merlon Intelligence: an AI driven platform to manage end-to-end financial crimes and compliance (FCC) for banks, insurance, fintech, cryptos etc., to real-estate investment platform that uses data and AI to price homes (B&B), to cyber insurance (TowerStreet), to managing clinical trials using digital mobile end-points (HealthMode), and a new automated trading platform for multiple digital assets (Q).
And many others coming up over the next 2-3 years. Exciting stuff!
Further, I believe in the power of abstraction. At CEAi, a venture studio, we’re refactoring everything that goes into building the companies themselves.
Shared services across business functions such as recruiting/HR, sales development, marketing and growth hacking, etc – these are all often much more powerful and impactful to a startup than just pure software.
And so we’re building these abstractions upon which to instantiate new startups.
I’m a huge startup fan-boi. Creating something from nothing, this is what innovation is all about, what the hustle is all about. Sure, not everything succeeds, but that is ok!
Venture Capital, as an asset class, returns pretty poor results – about 7.5%. For all the grand talk that VCs output, this is a pretty shitty showing 🙂
This is all because of the fact that pretty much only 1 in 20 startups really do anything for the IRR. The goal at CEAi is to create a better platform to launch new startups off of, and use all the organizational shared services and learning, to improve these rates. If we’re able to make 1 in 2 startups fail (or succeed!) then we’ve just improved the numbers by 10X. Heck, we’re shooting for a 4X improvement.
CEAi is truly global – we are 2 years old, but thanks to an explicit design decision to be truly distributed, we have 7 offices (and counting!). These include SF and NYC in the US, Prague, Bratislava, Brno, and Kosice in Central EU, and Bangalore in India. Next – probably Budapest and Vienna, along with Tokyo and Beijing/Shanghai.
We go where there’s business and talent!
What’s not to like? 😉
So that is it – doing fun stuff, building amazing things from scratch, the hustle, the game, it’s all here! And that’s why CEAi.