$75M AI Agent Startup Exposed (How to compete)
AI Summary
Summary of Video: ea6tjkyVetQ
Key Points:
- 11X raised over $75 million but faced issues with their reported Annual Recurring Revenue (ARR).
- Many clients canceled contracts early due to unmet promises.
- Logos of clients like Airtable and ZoomInfo were later removed from 11X’s website, indicating lack of adoption.
- The speaker does not view 11X as competition, stating they offer less than their services.
- Emphasis on focusing on client results rather than just financial backing.
- The importance of comprehensive solutions rather than just a few services.
- Consistency in service delivery is highlighted as crucial for staying competitive.