Summary of Sharing my journey of building Cogno AI from start to the acquisition

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00:00:00 - 01:00:00

The video's presenter discusses their experience of building Cogno AI from scratch and eventually selling the company. They recount the challenges they faced along the way, including landing their first major client and rebuilding their product. Ultimately, they were able to successfully launch the product and grow their company within a large bank.

00:00:00 Siddharth discusses his journey from computer science student to founding Cogno AI, which focuses on selling to banks. He was able to identify the market and exited the company within five years through an acquisition.
00:05:00 This young entrepreneur shares his journey of building Cogno AI, from starting the company all the way to acquisition. He talks about the initial validation they received from professors in the Banking and Financial Services field, and how landing State Bank of India as a customer was a very difficult but satisfying process.
00:10:00 The speaker describes their journey from starting Cogno AI to eventually being acquired by SBI. They recount multiple challenges that they faced along the way, but were ultimately able to successfully launch the product.
00:15:00 The speaker describes how they built Cogno AI from scratch, gaining two clients in the process. They note that being able to get a reference from a previous employer can be very helpful in gaining business.
00:20:00 The speaker discusses how their company, Cogno AI, went through a number of growth stages, including an early period of sales growth before a co-founder left the company. They then discuss how they rebuilt their product from scratch, focusing on customer feedback and reaching out to other companies within ICICI Bank. Finally, they discuss how their company has been able to grow within ICICI Bank and other subsidiary banks.
00:25:00 The author shares his experience of building Cogno AI from start to acquisition, highlighting the importance of maintaining good relationships with investors and customers. He explains that, while Cogno AI can grow rapidly, it is important to ensure that the business remains sustainable over the long term.
00:30:00 The video's presenter shares their experience of building Cogno AI from scratch, and how they managed to avoid common pitfalls during their early stages. They eventually hired a few external employees, but eventually realized that they were not suited for the job and promoted those employees internally.
00:35:00 The author shares how, as a startup company, they shifted from hiring builders to specialists, and how this has changed their approach to hiring. They also note that, as a wholly-owned subsidiary, they must now go through multiple layers of clearance and quality assurance.
00:40:00 The speaker, who is a sales representative in B2B SAS space, shares their experience of transitioning from ad hoc hiring to more carefully vetting candidates before hiring. They emphasize the importance of having processes in place, and of encouraging team members to delegate more. They also mention the importance of having a founder who is confident in their team's ability to work together.
00:45:00 The speaker discusses how their business grew rapidly and how they met a potential investor. They also share how their interactions with the investor opened up the possibility of a business partnership.
00:50:00 Shuku and Uh were discussing Cogno AI's goal and what they were doing. They had a casual chat about an acquisition and Kaushik, the partner at a91 Partners, told the two that Sequoia analysts had said that the guy who had founded the company was on to something big. Kaushik asked if the two would be interested in talking to exotal about an acquisition, and Shuku and Uh agreed. They negotiated a price and terms, and the deal was done.
00:55:00 The author talks about how the acquisition of their previous company has taught them a lot about working together as a team, managing timelines, and maintaining a high quality of customer service.

01:00:00 - 01:05:00

This YouTuber discusses their journey in building Cogno AI and how they have learned to focus on helping their team and employees succeed. They mention that they are planning to become more active angel investors in the future.