Take Your Business From Zero to One With AI
Nicholas Thorne on using AI to kickstart new companies
March 27, 2024
TL;DR: Today weâre releasing a new episode of our podcast How Do You Use ChatGPT? I go in depth with Nicholas Thorne, the founder of AI app Audos and general partner at incubator Prehype. We dive into how Audos enables people to use AI to transform their ideas into businesses. Watch on X or YouTube, or listen on Spotify or Apple Podcasts.
Nicholas Thorne is building Squarespace for the AI age.Â
Itâs called Audos, and itâs an AI chatbot to help any entrepreneur go from idea to pitch deck, working website, custom GPT, and user interviews with real customers. All in just a few minutes, based on the entrepreneurâs responses to a few simple questions.Â
The best part? Nicholas built, and now operates, Audos using ChatGPT. Itâs AI all the way downâand itâs one of the most impressive AI businesses Iâve ever seen.
Nicholas is a general partner at incubator Prehype that launched successful venture-backed startups like Barkbox and Ro Health. Itâs also where I started Every, so it was great to come full circle.
Nicholasâs job at Prehype is to launch new companies. Heâs taken all his experience of running an incubator and used it to help entrepreneurs start businesses at scaleâwith AI.
As we talk, Nicholas walks me through the interactions of Audosâs chatbot with a user live on the show. He also tells me that he used ChatGPT to prototype most of Audosâs featuresâdespite being non-technical himself. Nicholas shares exactly how he did this by showing me how heâs using AI to create a new feature for the product.
This episode is a must-watch for anyone who has ever toyed with the idea of starting a businessâand wants to do it with AI. Hereâs a taste:
- A prototype is worth 1,000 pitch decks. Nicholas believes that founders shouldnât preemptively evaluate their ideas without gathering feedback from potential customers, a function AI tools can enable. â[A]s much as possible, not a priori making judgments about which of [the founders] ideas were good ones, but instead, just building some early momentum and seeing if anything stuck,â he explains.
- Use AI to stay close to your customers. Once the business is launched, Nicholas advises early-stage founders to remain as connected to their customers as possible. He believes that AI can maintain this connection as the business grows by âinterfac[ing] with [customers]â and performing tasks that would otherwise require hiring, thus avoiding âgetting sucked back into the organization.âÂ
- AI enables founders to put their ideas into action. As a business scales, Nicholas finds that founders typically become less involved in the execution of their ideas. He asks,âWhat happens if you can be the first draft maker longer?,â believing that founders can answer this question by using AI tools to âcreate more first draftsâ and increase the âfidelityâ of the work product to their vision.
In the next segment of our conversation, Nicholas demos Audos live on the show. He explains that the companyâs purpose is to use AI to bridge the idea-to-execution gap for people who think they have the resources, knowledge, and experience to build a businessâin other words, to accelerate their process by âput[ting] them in edit mode, not creation mode.â
We dive into how a user of Audos develops his business idea to create an employer match program to help employees save for a new home, instead of a normal retirement account like an IRA or 401K.Â
- Craft effective chat experiences. Nicholasâs advice for businesses creating chat experiences is to think about the first interaction with the customer because âwhere you start matters, especially if what youâre trying to steer toward is a fixed outcomeâ (in Audosâs case, the customer launching a business). Audosâs bot asks the founder to name their ideal customer early on because Audos believes that itâs crucial to âdeeply imagine who the person is that theyâre going to serve.â
- Understand your customer. Next, the bot asks the user about the needs and wants of their ideal customer. This question is aimed at giving the AI more context about the business idea, and prompting the user to think more deeply about the problem.
- Use AI to refine problem statements. Audos-bot then provides the customer with different âinterpretations of the problem,â which Nicholas believes to be important because âif you can be very precise about the problem youâre trying to solve, it just makes coming up with a solution easier.âÂ
- Troubleshoot solutions with AI. After the customer has selected the option that best represents the problem they want to solve, the bot provides âinteresting solution alternatives.â Audos uses AI to âpitch a series of potential solutions, which are just across a bunch of different business models and solutions styles,â Nicholas says.
- AI-powered custom presentations. Based on the information gathered, Audos-bot generates a custom presentation in Google Slides, which includes assets like a logo suggestion, pricing options, a map of the user journey, and search volume data for the product. The generation of this presentation is âautomatic,â with a set of GPTs working in tandem to create it in âfive or six minutes.â
- Incorporate user input. If the user has feedback on this presentation, the bot redirects them to a custom interface where they can edit the âelevator pitch versionâ that forms the âunderpinning of the whole deck,â and âpick new fonts and new colors.â Nicholas adds that the user has the option of âduplicat[ing] that deckâ and modifying it according to their preferences.
- Develop tools to gather customer feedback. Once the presentation is finalized, Audosâs bot requests a $30 payment from the user before creating a âset of tools to allow you to start to talk to your customers.â This includes a landing page for the business, a custom GPT to enable the user to âacquire leads,â and assets to help the user run an ad campaign.
- Gather customer insights. After the external-facing resources to gather customer feedback have been prepared, Audos-bot âbacks [the user] into the hard workâŠthat [the user] needs to do for [themselves].â The AI designs a set of interview questions based on the âneedfinding playbook,â a customer-research method designed by a Stanford design school professor, that the user is required to complete from the perspective of a customer, and share with their friends and acquaintances.Â
- Synthesize customer feedback with AI. As people respond to the interview, the bot synthesizes the data into a âproduct roadmap.â â[I]tâll use these conversations to identify what are the key features of this potential product, and then play them back to you, and organize them in a dashboard,â Nicholas explains.
The degree to which AI is integrated into the functioning of Audos-bot is truly incredible. Even more remarkably, Nicholas tells me that he prototyped most of the product using AI. Here are some insights from this segment of our discussion:
- AI enables more people to build. Nicholas says that ChatGPT helped him build Audos even though heâs a self-proclaimed coding novice. âI just think it's magical that you can say, âThis is what want to do, can you write me the first version of a script?â and then you can plug that script in and run it and then just paste the error message, and slowly, but surely if you're patient enough, you can get there,â he remarks.
- Use ChatGPT to build your proof of concept. Even as Audos-bot grows in functional complexity, Nicholas continues to use ChatGPT to blueprint new features. He takes me through a new feature theyâre working on, the automation of launching custom GPTs for users, explaining, âI am in the process right now of prototyping that in my prototyping framework, so that I can then hand it to the real engineersâŠand say, Hey, can you please make this?â
- Establish checks and balances for ChatGPT. Since Nicholas is using ChatGPT to code, an area in which heâs relatively inexperienced, I ask him how he checks if ChatGPT is doing the right thing. âOnce you've made the mistake a few times, you can tend to be pretty smart about what the mistake is that you're making and try not to make it again,â he says.
You can check out the episode on X, Spotify, Apple Podcasts, or YouTube. Links and timestamps are below:
- Watch on X
- Watch on YouTube
- Listen on Spotify (make sure to follow to help us rank!)
- Listen on Apple Podcasts
Timestamps:
- Introduction: 00:48
- How AI can make you a more effective founder: 12:10
- Live demo of Audos! 17:01Â
- Why Nicholas built an AI tool to enable entrepreneurs: 27:11
- How Audos puts you in âedit modeâ instead of âcreate modeâ: 28:37Â
- Tools to gather customer feedback, generated by Audos: 31:29
- How Audos actually works: 36:15
- Nicholas uses ChatGPT to prototype a new feature: 38:47
- How to establish checks and balances while using ChatGPT: 45:54
- AI as a force for pushing entrepreneurship to new heights: 1:00:37
What do you use ChatGPT for? Have you found any interesting or surprising use cases? We want to hear from youâand we might even interview you. Reply here to talk to me!
Miss an episode? Catch up on my recent conversations with investor Jesse Beyroutey, a16z Podcast host Steph Smith, economist Tyler Cowen, writer and entrepreneur David Perell, Notion engineer Linus Lee, and others, and learn how they use ChatGPT.
If youâre enjoying my work, here are a few things I recommend:
- Subscribe to Every
- Follow me on X
- Subscribe to Everyâs YouTube channel
- Check out our new course, Maximize Your Mind With ChatGPT
The transcript of this episode is for paying subscribers.
Thanks to Rhea Purohit for editorial support.
Dan Shipper is the cofounder and CEO of Every, where he writes the Chain of Thought column and hosts the podcast How Do You Use ChatGPT? You can follow him on X at @danshipper and on LinkedIn, and Every on X at @every and on LinkedIn.
Find Out What
Comes Next in Tech.
Start your free trial.
New ideas to help you build the futureâin your inbox, every day. Trusted by over 75,000 readers.
SubscribeAlready have an account? Sign in
What's included?
- Unlimited access to our daily essays by Dan Shipper, Evan Armstrong, and a roster of the best tech writers on the internet
- Full access to an archive of hundreds of in-depth articles
- Priority access and subscriber-only discounts to courses, events, and more
- Ad-free experience
- Access to our Discord community
Comments
Don't have an account? Sign up!