SAN FRANCISCO / LONDON (IT BOLTWISE) – AI startup Fireflies recently reached a billion dollar valuation, despite starting out with an unusual method. The founders admitted that their initial AI transcription solution was actually built manually by them while they were making ends meet on pizza.
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The story of Fireflies, an AI startup that recently reached a billion dollar valuation, is a prime example of the saying “fake it ’til you make it.” Originally launched by two founders who made a living by making pizza, the company started with a supposed AI solution that was actually handwritten notes from the founders. This revelation, recently shared by one of the co-founders, Sam Udotong, has drawn both admiration and criticism.
Udotong explained that they promised their customers an AI solution that attended meetings and took notes. In reality, it was he and his co-founder who dialed into the meetings and took the notes manually. This method allowed them to make enough money to pay their rent in San Francisco before they finally tackled automating their processes.
Reactions to this revelation have been mixed. While some praise the founders’ persistence and ingenuity, others see it as a breach of trust and a potential legal gray area. Critics argue that silently dialing into meetings without the express consent of participants is a violation of privacy and could have legal consequences.
Despite the controversy, Fireflies has now delivered on its promises and offers a true AI-powered solution that companies use worldwide. The company’s history shows how important it is to be flexible and creative in the early stages of a startup in order to ultimately deliver the promised innovations.
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