AI sales startup 11x claims customers it doesn’t have for software that doesn’t work
AI sales startup 11x claims customers it doesn’t have for software that doesn’t work
AI startup 11x will rent you a bot to find you sales prospects, craft an appropriate email, and schedule an appointment to pitch a sale to them. Wow! So how’s 11x doing? It’s landed $74 million in …
this headline though... awful grammar
random guess, but: "11x” is the name of the company, that's not "eleven times"
@Sprocketfree @dgerard sorry what
Oh hey, a classic troll farm comment. Did you just wake from cryosleep? Facebook is thataway ->
what
Nah, that's regular English. Plain sometimes hard to read English.
Hilarious. How much do you want to bet they vibe-coded the whole app.
Surely not, their whole dev team is made of 11x programmers!
actual lol
I'd bet good money they vibe-coded the whole thing. Its AI, the whole point is to enable laziness, grifts and laziness in grifts.
I'm hoping (but it might've been juuuust a bit too early for it to be all-parts applicable)
(and as in: this kind of recurring fraudy misrepresentation is very personal - takes a human to lie like that)
((maybe if the promptfans showed me a prompt lying like this I could take them even slightly seriously? alas))
claiming to have customers you don't actually have so vocally that they have to sue you to get their names out of your mouth should be a death knell on its own, but the whole "pretending their already-expired three-month trial contract is still in effect for the full year" is a great way to find yourself pulling a Sam Bankman-Fried, except that you don't have a side company to pull $$$ from to cover your tracks
The investors read "11x, the company's, revenue is 10 million" but what they missed was that the correct reading was "11 x [the company's revenue] is 10 million", so the actual revenue is less than a million. Easy mistake to make! Better luck next time investors!
Short version: alleged sales and investor fraud + AI.
Am I having a stroke or does that title just not make sense?
The headline is a bit of a crash blossom, but if you read the article, the comments in this thread, or even the title itself carefully enough, you should be able to parse it. If not, I'll help:
A startup company named "11x", whose business model is AI sales, claims to have customers for its software (which incidentally doesn't work), who in fact are not their customers.
