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Startups that debuted at Y Combinator W17 Demo Day 2

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Re: Startups that debuted at Y Combinator W17 Demo Day 2

#62
post #15
post #2

> "Tress – A social community for black women’s hairstyles" I wonder what would black women say if there was an app "Social community for white women's hairstyles", would not it be considered racist?

This breaks the HN guideline against bringing up same-old flamewars. Please don't. https://news.ycombinator.com/newsguidelines.html

Genuine question. Moderator overreach + dictatorial tone = lame

Re: Startups that debuted at Y Combinator W17 Demo Day 2

#63
post #22

"Enterprise sales" is a very interesting problem. There are 4 companies in this batch that are attacking it from different sides: (1) Scribe – Automating sales development representatives (2) Upcall – Outbound calls as a service (3) Clover Intelligence – Voice analytics for sales (4) Riley – Lead qualification as a service B2B businesses rely heavily on sales - a great sales team can make or break the company. But fo…

It's a super interesting space, and it feels like there's new companies every day. Definitely tons of promise. One thing I think is particularly challenging is the inherent variability in the size and structure of sales & marketing teams. Big players in the space try very hard to be one stop shops, which makes it hard for newcomers to find a niche to really dominate or a price point to compete on for a given segment.

For context I'm marketing guy in electronics manufacturing, where the sales cycle is extremely long (~6 months), and involves a huge number of decision makers. One new customer a year is par for the space, one a quarter is performing very well. Our sales team is small, and our marketing team is smaller, but that's fine because the set of companies we're a good fit for is a small target to shoot at in the scheme of things.

Given all that, the two huge priorities are lead qualification, and time management. The former is pretty straightforward, I'll throw money at anyone who can give me good info on decision makers at the companies active on my site at any given time. As you mention, B2B relies on sales, and at least for EMS where I work, anyone who's based in America and survived '08 is probably good at it. In that regard, things like AI generated scripts/nurturing lose appeal because proven strategies exist, knowing who to call (and more importantly, when) is the name of the game. My favorite in that regard is Mattermark. Their sales team is really good, by the way, interested people should sign up for their trial to at a minimum pay attention to what they do.

There's two parts to the time management aspect as I see it. The first is that upkeep of a CMS/CRM becomes a big task in itself, and nobody wants to do it. I want to be working on scripts/nurturing flows for the sales team or making X piece of marketing content, not staring at dashboards all day. Sales wants to be reaching out to their leads. Some new tool that adds a slight twist to functionality that exists in a more all in one system becomes hard to adopt. If something isn't very obviously better at a given function than part of a big CMS/CRM, or provide some new functionality I'd like to have and can't use with my primary tool, it becomes hard to adopt. For me right now that's Mailmunch for newsletter subscription pop forms (sorry world, I'll stop using them when people stop filling them out insanely frequently).

The second aspect to the time problem is the increased adoption time that will happen across generations in the office. For instance, a senior saleswoman where I work (who's awesome/great at her job) gets thrown through a loop by HubSpot UI changes, and basically doesn't touch Slack. From that perspective, new tools that a salesperson interacts with need to be super smooth to adopt, nor not be very 'user facing'. And please, dear god, don't make me schedule a 30 minute demo of the product for trial access.

> But for folks with a predominantly technical background, sales as a function, remains at best a mystery, and at worst something they make fun of

I think spending more time on something like Salesforce, Marketo, HubSpot, etc. would help here. Which may, and probably does happen, I just don't know how common it is. Either way, having a good understanding of what the big tools can do in terms of automation, prospecting, analytics, and all that is valuable.

Of the 4 in this batch I like Riley the most because of their mention of nurturing/drip campaigns, which are critical in industries with big contracts and long sales cycles. Scribe is a close second, but I'm skeptical it's that much better than functionality of bigger CMS/CRMs to justify onboarding/upkeep time. Upcall makes me uncomfortable, but my industry is extremely niche so I'm biased. Clover might be cool, but that landing page to watch the demo vid isn't very nice. Best of luck to all of them though, it's a great space to be in.

Re: Startups that debuted at Y Combinator W17 Demo Day 2

#65
post #20

I wish you could bet on the odds of some of these succeeding in 3 years or so. Someone should start a startup that does this and get into Y Combinator to be super meta. random commentary below: * FloydHub – Heroku for deep learning * It's unlikely in my eyes that a company with enough data worth doing deep learning for is going to outsource the actual model building. I'd be interested to hear counter examples. * Tetr…

Upcall is definitely not a spamming service (no robotcalls or autodialing service), but a human-powered platform supplementing SDR and CSR at companies looking to scale their outbound leads efforts and customer retention/engagement. Upcall is a SaaS/API which connects clients with work from home U.S. based callers, making calls within a specific context (qualify lead, welcome user on a platform, collect feedback, rea…

> Upcall is definitely not a spamming service (no robotcalls or autodialing service)

Nobody said it was a robot-calling or auto-dialing service.

"Qualifying leads" is the thing where people with whom I have no prior business arrangement call me at work, asking if I'm the right person to talk to about (service that they sell), right? "Spamming service" sounds about right.

Re: Startups that debuted at Y Combinator W17 Demo Day 2

#66
post #14
post #13

Earlier quoted context omitted.

For most teams, YC's financial investment is the least valuable part of the program. Much more valuable: - 3 months of intense focus on product and growth with feedback - access to and advice from YC partners - community of other founders in the batch who are going through similar issues - access to other YC founders (partnerships, advice, etc.) - social proof to investors, press, customers of having done YC

Sure, but they still need to build a plane, and not just any plane, but an aircraft never before built. What do you think their game plan is moving forward?

Not immediately. Businesses that have these immense goals are about research, discovery and innovation in smaller elements of something. It's an incremental process with additional investment along the way, each step going a bit further to proving your team can do what you've set out to do, until eventually you have the whole product.

Re: Startups that debuted at Y Combinator W17 Demo Day 2

#67
post #61

* Regarding "Pied Piper", funny that some refer to it * "massively democratizes" is the new "disrupt"

Who coined the "democratize" and "disrupt" words? (the usage/meaning of the words in the startup scene) (maybe the first usage is well know, like "Web 2.0")

Re: Startups that debuted at Y Combinator W17 Demo Day 2

#69
post #20

I wish you could bet on the odds of some of these succeeding in 3 years or so. Someone should start a startup that does this and get into Y Combinator to be super meta. random commentary below: * FloydHub – Heroku for deep learning * It's unlikely in my eyes that a company with enough data worth doing deep learning for is going to outsource the actual model building. I'd be interested to hear counter examples. * Tetr…

> Collectly – Stripe for medical debt collection

It's quite unsettling that this is an industry where people see a lot of growth potential.

Re: Startups that debuted at Y Combinator W17 Demo Day 2

#70
First off, I absolutely LOVE these write-ups. That being said I chuckled at this one:

>Tetra – Automatic notes for business meetings

>A lot of meeting notes are taken in Evernote but Tetra takes call notes for you by automatically dialing you to merge into the call and then sending you a fully searchable record of the entire conversation. It comes in auto speech only or human edited using a fast transcription feature for 50 cents a minute from humans. There may be some ethical challenges around recording others and each person using the service will need to inform those on the call they are being recorded but with two billion hours of conference calls a year, Tetra plans to take on that market using it’s AI and data. The startup launched on Product Hunt a week ago and now has two paid monthly users.

>The startup launched on Product Hunt a week ago and now has two paid monthly users.

>two paid monthly users.

Yes, two. But still, any traction is better than no traction! I love a lot of the ideas but am sceptical about most of them. Good luck to each company!

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