> Twelve Labs and ElevenLabs are co-hosting the 23Labs Hackathon
ElevenLabs was a commercial version of 15.ai. It's crazy, because 15.ai could have had the venture-scale outcomes if he'd fundraised and turned it into a SaaS product. He was in the right place, right time, with tremendous attention, but missed the opportunity.
The other "labs" followed the trend. The {number}labs / {number}.ai domains all quickly got squatted.
I was in the same space and watched it happening. I launched FakeYou about the same time as 15.ai, but 15 had the backing of 4chan and a better model. I still made it to 7M MAU and a million in revenue despite that.
Just last year, Fish Audio picked up where 15.ai / FakeYou / UberDuck / Weights.gg left off and made it to $20M ARR, which is a lesson about abandoning under-served markets when you still have tremendous gravity.
I launched as vo.codes (and two prior names) before 2020 and later rebranded to FakeYou.
https://thenextweb.com/news/celebrity-voices-deepfake-ai-app
Rebranding a domain with traction is a mistake, in retrospect. I think Magnific is learning this lesson now after undergoing a change from the popular FreePik.
I'm a filmmaker and I wanted to get into video models, and FakeYou felt more like a pivot to UGC video (vo.codes was too audio centric) that I could ultimately swing me into cinematic video. I was too slow and that was not a good choice.
But Higgsfield and Bytedance showed you can be late and still win a lionshare of the market.
My video product launched in February and is at $5M ARR / 67% MoM growth.
I was trying to come up with a name and it was exhausting, everything was taken, I was trying "clever names", eventually after strategizing with ChatGPT it gave me the suggestion along the lines of:
"Many people just use their initials, birthdate, or area code, plus the word 'software', 'tech', or 'labs'"
And I went ahead with that and called it a day!
Oh well
Ted: Yeah, sure, 8-Minute Abs. Yeah, the exercise video.
Hitchhiker: Yeah, this is going to blow that right out of the water. Listen to this: 7... Minute... Abs.
Ted: Right. Yes. OK, all right. I see where you're going.
Hitchhiker: Think about it. You walk into a video store, you see 8-Minute Abs sittin' there, there's 7-Minute Abs right beside it. Which one are you gonna pick, man?
Ted: I would go for the 7.
Hitchhiker: Bingo, man, bingo. 7-Minute Abs. And we guarantee just as good a workout as the 8-minute folk.
Ted: You guarantee it? That's - how do you do that?
Hitchhiker: If you're not happy with the first 7 minutes, we're gonna send you the extra minute free. You see? That's it. That's our motto. That's where we're comin' from. That's from "A" to "B".
Ted: That's right. That's - that's good. That's good. Unless, of course, somebody comes up with 6-Minute Abs. Then you're in trouble, huh?
[Hitchhiker convulses]
Hitchhiker: No! No, no, not 6! I said 7. Nobody's comin' up with 6. Who works out in 6 minutes? You won't even get your heart goin, not even a mouse on a wheel.
Ted: That - good point.
Hitchhiker: 7's the key number here. Think about it. 7-Elevens. 7 dwarves. 7, man, that's the number. 7 chipmunks twirlin' on a branch, eatin' lots of sunflowers on my uncle's ranch. You know that old children's tale from the sea. It's like you're dreamin' about Gorgonzola cheese when it's clearly Brie time, baby. Step into my office.
Ted: Why?
Hitchhiker: 'Cause you're fuckin' fired!