How about you? Do you pay $30/month to have your grammar checked? Or has AI made Grammarly obsolete?👇 Also, if you’re a founder, don’t forget to check out .tech domains for 50% off and a chance to get 1:1 office hours with our team ► yt.slidebean.com/grammarly 🚀
The biggest problem with Grammerly is its privacy issues, there is no guarantee your data wont end up in their LLM text generator because of the way suggestion engines work. I'm not saying they steal just the nature of these things is a bit icky
$13B empire? Valuation is insane. They have 30M customers, 250M in revenue. Experts say they are not profitable yet. And now we have AI from Google, MS, etc etc. Who will pay $13B for them?
@@googooboyy the point of a valuation is to say someone would buy the whole company for 13b. Not someone has paid 13b. I hope this helps ur dumbass out
If you take your fees as a percentage of assets under management, it's great. Private equity plays hot potato with this, each making more money and justifying themselves to investors. Then, either the music stops and one private equity firm is left holding the bag, or it goes public and the public sees huge losses. WeWork is an excellent example of the entire process done "right" (from the perspective of the VCs collectively). It doesn't need to ever be passed onto the public though, a VC firm is happy as long as some other VC firm buys it from them. If it fails while your firm is invested, you already made your millions, your investors will hate you (but maybe not if you're charismatic enough) but you'll be far richer than you'd have been otherwise. The only way to fail is to fail to raise capital in the first place. VC has a genuine place as well, very high risk very high reward investments, but I don't see that kind of value in grammarly. A friend of mine started a company and I was the first employee. It's sketchy, you don't have to make money to make money.
This one of the many reasons I think we are in a matrix there are so many business that just don't make any sense, there no way it's profitable also who is actually paying for it.
Hi Caya, I know you mainly cover US businesses, but there's a business in India - Zerodha. It's valued at $7 billion, and it's totally bootstrapped. Would love it if you create a video on it too 😀
Grammarly wants to strip your text down to the essentials, so it tends to remove individuality from it, but I never find it as annoying as Word, say. I use it with Evernote and it's made the experience so much better.
"AI chatbots output grammatically incorrect text all the time. I like Grammarly, but it oftentimes overcorrects." " I've just done this with AI. No problem et al.
@@johnsmith247 Grammarly wants to strip your text down to the essentials, so it tends to remove individuality from it, but I never find it as annoying as Word, say. I use it with Evernote, and it's made the experience so much better.
@@johnsmith247AI can do all of this for free. You just need the right prompt. Those companies are just exploiting the cluelessness of people. That's all.
I think they started at just the right moment. MS Office did have spell check, but it didn't really check grammar yet. Nowadays I think their grammar suggestions are still better than MS Office's and using AI is often discouraged for students. I think if they were to launch today, they wouldn't be as succesfull, but their product is good enough to stay relevant.
I find it funny that I get so much ads for Grammarly. Yes, I consume a lot of media in English. But if I write something that really needs to be good (like something career-related), it will be in my native language.
With the advent of Gen AI I don't see the point in Grammerly anymore. Why would I pay so much more for a grammar checking tool when I can pay less than a quarter of the price for GPTplus for more features and far far more customisability?
I only used Grammarly because my college provided it for free, when I graduated I still had access till it stopped, contacted support, told me they cant do anything and I stopped using.
Even in the age of AI a lot of people want a powerful rules based tool to check their grammar for important documents. Perhaps in the future when LLMs are so reliable that they spit out grammatically correct sentences 99.999% of the time (which might be hard as the internet is full of grammatically incorrect info - which is used for training), then Grammarly can be retired.
Interesting video as usual. Grammarly was my go-to but ChatGPT has changed it. I think (some of) the disadvantages you mention with ChatGPT (writes everything at once, doesn't sound like spoke word....) can be attributed how the tool is used. Especially now with Projects, where you can prompt a style and context, feeding ChatGPT sentences, or short paragraphs makes iteration a lot easier. Grammarly's advantage is the in-line correction, something that isn't really what ChatGPT does or wants to do. But Microsoft / Google Docs will implement. I still think Grammarly will be bought out by MS but not at this valuation.
Hey, what do you think of a video about coworking management platforms, this space is getting crowded and there are a few big players in the space, yardi, officernd and Nexudus a bootstraped company which is one of the best in the space. I think it would make of an interesting info video
You're wrong; Grammarly isn't "a $13B Empire", though the misconception is very common. Companies like this have no value; the $13B is a reflection of how much early investors think they can fleece from greater fools.
Sort ansver so you won't have to watch this video: because customers are idiots and love to spend money on useless crap. Same reason why everyone has 10 video streaming subscriptions from Hulu to Disney+. Grammarly was good in milking idiots. Now you know the anser and go with your life.
How about you? Do you pay $30/month to have your grammar checked? Or has AI made Grammarly obsolete?👇
Also, if you’re a founder, don’t forget to check out .tech domains for 50% off and a chance to get 1:1 office hours with our team ► yt.slidebean.com/grammarly 🚀
F no
The biggest problem with Grammerly is its privacy issues, there is no guarantee your data wont end up in their LLM text generator because of the way suggestion engines work. I'm not saying they steal just the nature of these things is a bit icky
$13B empire? Valuation is insane. They have 30M customers, 250M in revenue. Experts say they are not profitable yet. And now we have AI from Google, MS, etc etc. Who will pay $13B for them?
You don't know private equity yet😂😂
Noone is paying $13B. They raised $200M at a $13B valuation. Someone paid $200M not $13B.
Nobody
@@googooboyy the point of a valuation is to say someone would buy the whole company for 13b. Not someone has paid 13b. I hope this helps ur dumbass out
If you take your fees as a percentage of assets under management, it's great. Private equity plays hot potato with this, each making more money and justifying themselves to investors. Then, either the music stops and one private equity firm is left holding the bag, or it goes public and the public sees huge losses. WeWork is an excellent example of the entire process done "right" (from the perspective of the VCs collectively). It doesn't need to ever be passed onto the public though, a VC firm is happy as long as some other VC firm buys it from them. If it fails while your firm is invested, you already made your millions, your investors will hate you (but maybe not if you're charismatic enough) but you'll be far richer than you'd have been otherwise. The only way to fail is to fail to raise capital in the first place. VC has a genuine place as well, very high risk very high reward investments, but I don't see that kind of value in grammarly. A friend of mine started a company and I was the first employee. It's sketchy, you don't have to make money to make money.
cant believe I juast watched a 12 min commercial.
I just deleted them last week, I hated having to log in and then I remembered my browser has always had a spell check since way before grammerly
This one of the many reasons I think we are in a matrix there are so many business that just don't make any sense, there no way it's profitable also who is actually paying for it.
Hi Caya, I know you mainly cover US businesses, but there's a business in India - Zerodha. It's valued at $7 billion, and it's totally bootstrapped. Would love it if you create a video on it too 😀
It was the best grammarly ad I’ve ever seen, i think i need that tool now 😅
I wish you'd mentioned how Grammarly is standardising language and discouraging linguistic creativity.
grammarly would have failed badly if schools taught good english
Ironically, Grammarly is banned from being used at NASA.
It's literally not though
@@ironspider9280 It literally is, though.
@@ironspider9280 It literally is though.
AI chatbots output grammatically incorrect text all the time. I like Grammarly but it often times over corrects
Grammarly wants to strip your text down to the essentials, so it tends to remove individuality from it, but I never find it as annoying as Word, say. I use it with Evernote and it's made the experience so much better.
"AI chatbots output grammatically incorrect text all the time. I like Grammarly, but it oftentimes overcorrects." " I've just done this with AI. No problem et al.
@@johnsmith247 Grammarly wants to strip your text down to the essentials, so it tends to remove individuality from it, but I never find it as annoying as Word, say. I use it with Evernote, and it's made the experience so much better.
@@johnsmith247AI can do all of this for free. You just need the right prompt. Those companies are just exploiting the cluelessness of people. That's all.
I think they started at just the right moment. MS Office did have spell check, but it didn't really check grammar yet. Nowadays I think their grammar suggestions are still better than MS Office's and using AI is often discouraged for students. I think if they were to launch today, they wouldn't be as succesfull, but their product is good enough to stay relevant.
I find it funny that I get so much ads for Grammarly. Yes, I consume a lot of media in English. But if I write something that really needs to be good (like something career-related), it will be in my native language.
With the advent of Gen AI I don't see the point in Grammerly anymore. Why would I pay so much more for a grammar checking tool when I can pay less than a quarter of the price for GPTplus for more features and far far more customisability?
Did you watch the video?
Generative AI is discouraged to students and grammarly gives you more suggestions instead of straight up rewriting your text.
pretty wild considering chat jippity and all the other LLMs can do the same s as grandma-lee.
I only used Grammarly because my college provided it for free, when I graduated I still had access till it stopped, contacted support, told me they cant do anything and I stopped using.
Man your videos are just so good
The edits are top quality
As an editor myself I appreciate such work
Great research Caya and very well presented as usual!
Always enjoy your videos. Thank you!
Microsoft Editor is included with all M365 plans and is almost as good as Grammarly.
Would have been nice to see DeepL write in that comparison
Even in the age of AI a lot of people want a powerful rules based tool to check their grammar for important documents. Perhaps in the future when LLMs are so reliable that they spit out grammatically correct sentences 99.999% of the time (which might be hard as the internet is full of grammatically incorrect info - which is used for training), then Grammarly can be retired.
I used it, it was good one, until Microsoft release Microsoft Editor, Now MS Editor is doing more than Grammarly could do even with free tier
funny comparison, openAI like a dementor sucking all content and creativity out of the whole internet 🤣
I hate that they ditched the Keyboard ⌨️.
Interesting video as usual. Grammarly was my go-to but ChatGPT has changed it. I think (some of) the disadvantages you mention with ChatGPT (writes everything at once, doesn't sound like spoke word....) can be attributed how the tool is used. Especially now with Projects, where you can prompt a style and context, feeding ChatGPT sentences, or short paragraphs makes iteration a lot easier. Grammarly's advantage is the in-line correction, something that isn't really what ChatGPT does or wants to do. But Microsoft / Google Docs will implement. I still think Grammarly will be bought out by MS but not at this valuation.
Hey, what do you think of a video about coworking management platforms, this space is getting crowded and there are a few big players in the space, yardi, officernd and Nexudus a bootstraped company which is one of the best in the space. I think it would make of an interesting info video
When will get our video regarding AI battle nowadays? :p Excellent video, as always!
You're wrong; Grammarly isn't "a $13B Empire", though the misconception is very common. Companies like this have no value; the $13B is a reflection of how much early investors think they can fleece from greater fools.
Indeed. Sums up 90% of silicon valley startup "companies"
They shouldn't be billionaires this is just a hustle & bad business, they should've had to face reality & went under as the idea sucks
nice vid bro. I really enjoyed it. maybe more outdoor vid? like bitcoin stuff
I turn it off everyday! Gramerly kinda sucks
It seems like you shouldn't, though :-P
@neltymind I don't thinks it's for phones
Why? Is language tool better? you can also configure that the suggestions only apear on certain websites
@Open-Source-Lab the little icon is always in the way.
And Grammarly is absolutely mediocre compared to Language Tool.
Tool for people who never bother to learn another language
Most natural transition to Branddeal 👌
Yeah grammerly is done for
hi!
Wow🎉
Too early
First comment
Sort ansver so you won't have to watch this video: because customers are idiots and love to spend money on useless crap. Same reason why everyone has 10 video streaming subscriptions from Hulu to Disney+. Grammarly was good in milking idiots. Now you know the anser and go with your life.