AI startups are inflating a key revenue metric to win VC attention, says this founder

Thousands of AI startups are fighting for the VC funding needed to win a slice of the enterprise market. But according to Scott Stevenson, cofounder and CEO of the legal AI startup Spellbook, many are inflating their real revenue to get it. In a viral tweet on April 17, Stevenson called out these fledgling companies for perpetuating a “huge scam” in their metric reporting. It’s time to expose a huge scam in AI startups: Contracted ARRThe reason many AI startups are crushing revenue records is because they are using a dishonest metricThe biggest funds in the world are supporting this and mis...