Scott Stevenson argues that AI startups relying on wrapper products lack defensibility, calling the practice 'wrapper laundering' where founders overstate the difficulty of their work. He suggests tha…
Toronto-based AI startup Spellbook launched its Autonomous Contract Management (ACM) product on Tuesday, aiming to automate contract drafting, signing, and renewals for legal teams. The company, value…
The article reports that some AI startups are inflating their publicly announced annual recurring revenue (ARR) by substituting it with "contracted ARR" (CARR), which counts revenue from signed contra…
The article argues that "Contracted Annual Recurring Revenue" (CARR) is a misleading metric used by startups to inflate their financial figures, often reporting revenue from multi-year contracts with …