We had a wonderful event with Soohyun Bae and Rachel Hu! Here is the recap:
Panelists:
- Rachel Hu (Founder of Cambio ML)
- Soohyun Bae (Founder and CEO of Podonos)
🔑 Key Topics Discussed:
AI Developments and Impact
- Discussion on GPT-o1, OpenAI's new model with improved logical reasoning and planning capabilities.
- Shift towards more efficient inference methods, described as "think before you tell" or "slow thinking for hard problems."
- Debate on specialized models for specific tasks versus large general models.
- Soohyun Bae emphasized the potential of multiple specialized models working together.
Data Quality and AI Development
- High-quality data emphasized as crucial for AI model performance.
- Rachel Hu stressed the importance of founders being directly involved in data labeling.
- Challenges of identifying and handling bad data in large datasets discussed.
- Soohyun Bae mentioned that even a small amount of bad data can significantly impact model accuracy.
- Jing Conan Wang shared a story about building AI friends:
- His AI model struggled with American humor until he watched American TV shows.
- This personal experience with the data improved the model's performance, highlighting the importance of domain knowledge in AI training.
AI Business Models and Moats
- Importance of user adoption and retention as a moat for AI companies discussed.
- Rachel Hu suggested OpenAI's moat is widespread adoption and integration into various applications.
- Value of proprietary data and enterprise partnerships in creating competitive advantages highlighted.
- Both panelists emphasized the importance of building trust with customers in enterprise AI applications.
Startup Challenges and Advice
- Critical nature of co-founder relationships and handling conflicts addressed.
- Regular, open communication among founders stressed as crucial for startup success.
- Strategies for managing remote co-founder relationships discussed.
- Advice on equity vesting and protecting the company in case of co-founder departures provided.
- Jing Conan Wang likened co-founder relationships to a trust bank account, emphasizing the need to continually build trust.
📚 Resources Recommended By Speakers
- Rachel:
- Podcast: Lenny's podcast , Saastr podcast.
- Books I wrote post a while ago: https://www.linkedin.com/posts/rachelsonghu_startup-entrepreneur-ycombinator-activity-7147148235319484416-GsPS
- Soohyun:
Podcast: The Product Market Fit Show
Join us for future events and stay tuned for more inspiring stories!
