3 ms·

> even a relatively small deal would produce a life-changing outcome for the founding team. I run a SaaS with a business partner and this is basically our thes

> even a relatively small deal would produce a life-changing outcome for the founding team. I run a SaaS with a business partner and this is basically our thesis for getting rich. My saying around this is "This amount of revenue/profit will cause a company of 500 or 1000 to go bankrupt, but it will make a company of 5-10 filthy rich"

ZeroTalent 2y ago
This is exactly what I am doing. I started another startup in February 2024. After a year, I crossed $1M in annual profit with three employees. I am not planning to scale humans. Profits are growing, and we don't need to hire more people. LLMs and scripting automation are doing the work of approx. 20-30 people — this wasn't possible before.
- all2 2y ago
  I'd be curious to hear about how you are managing quality on LLM generated stuff.
  - margalabargala 2y ago
    They probably mostly don't need to be. Most SaaS companies are not doing anything particularly innovative or novel. Most of them provide value via putting in the work to glue together several other APIs, automating something that previously was harder to script/automate, or simply applying an idea that another company pioneered to another market segment: "It's like Theranos but for barbers!" These use cases are generally so typical of the technology being used, that LLMs can do a lot of work to script things and it's usually pretty easy to QC.
    - ZeroTalent 2y ago
      I'm using LLMs to analyze 13F corporate filings, options flow, market news, etc. This was very labor intensive before. Essentially impossible for small companies. A 13F report can have 150 pages or so. Just eliminating redious things. It's nothing difficult for a human, but we would have to hire a ton of humans and couldn't compete against the big guys then. I'm not offering an LLM wrapper SaaS for my clients. We are just using this internally.
YetAnotherNick 2y ago
Sorry but I think your saying is wrong. > This amount of revenue/profit will cause a company of 500 or 1000 to go bankrupt Or more likely it would make them fire 995 out of 1000 and the remaining 5 could be almost as rich as you 10, and they have advantage of spending for few years on marketing and better development.

ZeroTalent 2y ago

This is exactly what I am doing. I started another startup in February 2024. After a year, I crossed $1M in annual profit with three employees. I am not planning to scale humans. Profits are growing, and we don't need to hire more people. LLMs and scripting automation are doing the work of approx. 20-30 people — this wasn't possible before.

all2 2y ago
I'd be curious to hear about how you are managing quality on LLM generated stuff.
- margalabargala 2y ago
  They probably mostly don't need to be. Most SaaS companies are not doing anything particularly innovative or novel. Most of them provide value via putting in the work to glue together several other APIs, automating something that previously was harder to script/automate, or simply applying an idea that another company pioneered to another market segment: "It's like Theranos but for barbers!" These use cases are generally so typical of the technology being used, that LLMs can do a lot of work to script things and it's usually pretty easy to QC.
  - ZeroTalent 2y ago
    I'm using LLMs to analyze 13F corporate filings, options flow, market news, etc. This was very labor intensive before. Essentially impossible for small companies. A 13F report can have 150 pages or so. Just eliminating redious things. It's nothing difficult for a human, but we would have to hire a ton of humans and couldn't compete against the big guys then. I'm not offering an LLM wrapper SaaS for my clients. We are just using this internally.

YetAnotherNick 2y ago

Sorry but I think your saying is wrong. > This amount of revenue/profit will cause a company of 500 or 1000 to go bankrupt Or more likely it would make them fire 995 out of 1000 and the remaining 5 could be almost as rich as you 10, and they have advantage of spending for few years on marketing and better development.