There is no way to do accounting well, unless you do it programmatically.
Every customer we bring on, they think they have good bookkeeping, we end up redoing 30% of transactions.
There is no way to do this well unless you automate from first principles.
tldr; use @tryLedgerUp
9 startups that stood out on YC Demo Day 2:
📌 1. @Entangl_AI (YC S24)
What it does: Detects errors in engineering projects, proposes solutions and can even implement them itself
Founded by: @Shapol_m and Antanas Žilinskas
📌 2. @ExaLaboratories
What it does: Energy-efficient chips for AI
Founded by: @fcvprzhfgsybj
📌 3. Kopra Bio
What it does: Developing an autoimmune therapy that kills cancer
Founded by: Andrew Bartynski, @AF_Haddad
📌 4. @tryLedgerUp
What it does: AI bookkeeper for startups
Founded by: Joseph Johnson, @baileygspell
📌 5. OrgOrg (YC S24)
What it does: Offers a suite of productivity apps for growing organizations
Founded by: Wayne Crosby
📌 6. Oway
What it does: Carpooling for freight
Founded by: @phillipnadjafov
📌 7. @SilurianAI
What it does: Foundational model for predicting the weather
Founded by: Jayesh K. Gupta Ph. D, Mark Baum, Nikhil Shankar, and @crisbodnar
📌 8. Theseus
What it does: Develops unjammable drones
Founded by: @ilaffey2, @sachalevy3, and Carl Schoeller
📌 9. XTraffic
What it does: Reduces congestion and accidents with smart traffic lights
Founded by: Everett Ivy, Luke Adams, Brian Payne
Make sure to keep an eye on these up and coming startups! 🚀
What a great last few weeks of events for Arc on both coasts!
🗽 In NYC
1. YC Rooftop Happy Hour on Arc's rooftop terrace with NYC Founders Club
2. Arc x @periodally Founders Lunch & Meditation
🌁 In SF
3. YC (S24) DeepTech Dinner
4. Arc x @tryLedgerUp YC (S24) AI Dinner
These are some of my favorite companies from the S24 batch in @ycombinator (so far)
@CentralHQX - automates backoffice bs
@tryLedgerUp - AI bookkeeping for startups
@LilacLabs - AI drive-thrus
@BucketRobotics - catches errors in injection molds with AI
@owayinc - freight rideshare platform
https://t.co/Ivp3dqQAPy - AI for DoD contract navigation
https://t.co/1MxLtf4kVC - marketplace for proprietary AI data
https://t.co/7OEed50bnf - AI back office for residential contractors
https://t.co/yQG30bDqRY - carbon capture bacteria
#4. Hybrid
Buying companies within said industry, layering in their own vSaaS + operations AND selling their vSaaS to other companies within that industry.
Examples:
>Metropolis (Parking Lots)
>LedgerUp (CPA Firms)