AI & B2B SaaS: Worth the Hype? (Part 2)

Storm Ventures Managing Director Ryan Floyd and Entrepreneur-in-Residence Ajay Awatramani discuss AI’s impact on B2B SaaS and how companies can skate to where the puck is going.

#b2bsaas #AI #venturecapital

Here's what's covered in Part 2:

0:11 AI's potential to drive productivity
0:50 Will AI replace jobs?
1:32 Data is lifeblood of AI
3:52 Importance & variability of datasets
4:30 Garner data before focusing on monetization
5:11 Where can AI impact B2B SaaS?
6:49 Applications for recruiting and learning
8:35 Where the industry is headed
9:51 Bar will be raised
10:18 Closing remarks: Where does AI work?
11:13 Every SaaS company in the next decade will utilize AI
11:37 The promise of AI is here

Make sure to also:

Follow Ryan on Twitter @RyanFloyd for more content on building SaaS B2B startups, venture capital, and entrepreneurship in general
Subscribe to Ryan’s blog at https://ryanfloyd.org, where he talks about why he invests in certain companies and broader tech industry issues
Connect with Ajay on LinkedIn   / ajayawatramani  
Check out the #AskAVC​​​ podcast based on this channel - https://anchor.fm/ask-a-vc

About Ryan Floyd:

Ryan is a founding Managing Director of Storm Ventures, where he invests in, and works with, early-stage enterprise SaaS startups. His primary focus is applications and cloud infrastructure-related companies. He is always interested in hearing from passionate technology entrepreneurs. Ryan is a skilled writer and commentator on all things SaaS. He's written for TechCrunch, Sifted, Thrive Global and regularly contributes to The UK Newspaper. He's the host of the recently launched #AskAVC​​​ YouTube channel aimed at enterprise entrepreneurs. In each episode, he tackles a different issue relating to building and scaling B2B startups - topics such as pitching to an investor and tackling sales churn.

When he's not working with his portfolio founders, Ryan is active with Code2040, a nonprofit organization that creates pathways to educational, professional, and entrepreneurial success in technology for underrepresented minorities. And occasionally, he finds time for surfing!

About Ajay Awatramani:

✔ 23 years of growth leadership experience at Adobe, Marketo, Siebel, Oracle and Sun. And transformation experience at Cornerstone. Venture capital and Private equity deal and industry advisorship. Board role at 150M+ portco. 4+ buy-side and 3+ sell-side txns experience.
✔ Accelerated Marketo growth under public, Vista and Adobe ownership through enterprise transformation incl. platform retrofit for scale, multi-product evolution and TAM expansion into ABX. The 3B$ equity value creation in 2.5 years is the largest exit for Vista in 18 years of existence. Co-led acquisition of Bizible, and integrated Toutapp.
✔ Expanded the TAM at Cornerstone beyond mandatory training/certifications/compliance into a Talent Experience Platform. Created value through platform transformation, operational excellence and add-on acquisition of Edcast (strategic) and SumTotal (EBITDA). Added content business responsibility in '22.
✔ Build a business around Hyperion apps for Sales within Oracle
✔ Founding member of industry's #1 Field Service Automation enterprise solution at Siebel