How Two Immigrant Founders Built a $1.5B AI Startup in Just 3 Years | fal's co-founders
Episode Outline:
1. From Zero to $1.5B: fal's Milestones
- fal, a generative media platform, raised their Series C round of $125M, valuing them at $1.5B.
2. How Two Immigrants Without Connections Built a $1.5B Startup
- Burkay Gur and Gorkem Yurtseven, co-founders of fal, started exploring startup ideas in 2020 during the COVID bubble in Palm Springs.
3. Why We Bet on Gen AI Video Instead
- While competitors chased Large Language Models (LLMs), Gur and Yurtseven focused on generative AI video, foreseeing the video revolution.
4. Kill Your AI Product If It Doesn't Sell on Day 1
- The founders stress the importance of iterating quickly and being willing to pivot if the product doesn't gain traction immediately.
5. Stay Small to Grow Big
- Gur and Yurtseven emphasize the benefits of staying small in the beginning stages of a startup in order to focus on vision and agility.
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