Making Data Simple
ChatGPT drives vegan business - Sam Tucker CEO of VegCatalyst {replay}
Wed Jun 07 2023
Sam Tucker and VEG3.ai
00:03 - 06:27
- Sam Tucker is the CEO and founder of veg3.ai, an artificial intelligence marketing system for vegan businesses.
- VEG3 uses GPT-3 technology and is a play on words with web 3.
- Sam started a radio show about animal rights at age 12 and became involved in animal activism.
- He realized that effective communication techniques used in activism were actually marketing and sales techniques.
- He studied communications, worked as an Outreach Manager for a non-profit, and finished a degree in digital marketing before starting his own agency.
- Sam noticed the scalability limitations of one-on-one outreach and became convinced that the digital space was important to expand impact.
VEG3's Focus and Brands
06:06 - 12:31
- Digital space is important to expand impact.
- VEG3 pivoted towards AI focus due to the amount of data and digital marketing from clients.
- VEG3 has three separate brands under one company.
- Vegan Media Market was created to provide an affordable marketplace for small businesses that cannot afford agency service fees.
- VEG3's primary user base is vegan businesses, but they work with a wide range of different types of businesses.
- VEG3 understands consumer psychology and how it's different when promoting vegan products versus ordinary products.
- The AI generated by VEG3 is fine-tuned to understanding what veganism means and the values that the brands represent, as well as successful marketing copy.
- VEG3 offers software as a service on a monthly subscription basis for VEG3, monthly retainers for the agency side, and commission fee-based services for Vegan Media Market.
- A use case example would be logging into VEG3 and using text generation models to create social media posts or other content.
VEG3's Text Generation Models and Market
12:12 - 19:07
- VEG3 offers text generation models for various marketing copy needs, including social media captions, blog articles, email marketing, and press releases.
- VEG3 uses fine-tuned versions of GPT-3 and trains its models on marketing data from vegan businesses to optimize the generated copy.
- The vegan food market is worth $39.42 billion, with a total addressable market of $2.7 billion for marketing agency services and technology for vegan businesses.
- VEG3 has been cash flow positive since the beginning and is planning to start a seed funding round soon.
- The secret sauce of VEG3 is the large collection of marketing data specific to the vegan niche that enables its technology to perform well.
- VEG3's models are more optimized for specific marketing results than GPT-3 because they have access to actual performance data behind the scenes.
VG3's Unique Approach and Future Goals
18:47 - 26:05
- VG3 fine-tunes GPT-3 models to create more successful copy for vegan businesses.
- GPT-3 has APIs that allow users to fine-tune their own datasets.
- OpenAI would have access to the data set if it is uploaded, but VG3 plans to seek seed funding and build its own AI servers in the future.
- VG3 also uses proprietary prediction models that are separate from GPT-3.
- There are no other vegan AI companies focused on marketing like VG3.
- VG3 aims to be the most powerful marketer for vegan businesses in three years.
VEG3's Development and Recommendations
25:40 - 32:40
- VEG3.ai is free to try and all paid plans are cheaper than getting a human copywriter.
- Sam Tucker can be found on LinkedIn and vegcatalyst.com.
- Vegan Creative Compass, With VEG3, and VEG Catalyst have synergy between them as they grow together.
- Sam Tucker enjoys making rap music under the name Sense Offense.
- He recommends Vegonomics and Change of Heart by Nick Coonig for vegan businesses looking to improve their marketing.
Recommended Resources
32:11 - 33:56
- Recommended books for vegan businesses trying to improve their marketing are Vegonomics and Change of Heart by Nick Coonig.
- Lex Friedman's podcast is highly recommended, as he interviews interesting people in a very empathetic way while still asking hard questions.
- Standing by your values is most important.