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Smarty Pants, with Denzil Eden (AI, Entrepreneurship, Business, Mindset)
Episode 47319th November 2024 • The Action Catalyst • Southwestern Family of Podcasts
00:00:00 00:19:20

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Entrepreneur, professor, and Founder/CEO of Smarty, Denzil Eden, shares the 3 principles of AI, addressing some common fears and concerns around AI, the importance of role models and seeing yourself in the work, and the one tiny word that shifts imposter syndrome to a growth mindset.

Transcripts

Stephanie Maas:

I am super excited to talk with you.

Stephanie Maas:

Incredible and super inspiring background, and I have just

Stephanie Maas:

recently been introduced to the world of AI, so I would love to

Stephanie Maas:

hear your journey from your words.

Denzil Eden:

Definitely. And thank you so much for having me.

Denzil Eden:

I'm very excited to be here. I started my journey pretty young,

Denzil Eden:

like I started coding when I was in second or third grade, and it

Denzil Eden:

was because my school taught logo, which was this, like

Denzil Eden:

programming language for kids. It had a turtle. You would tell

Denzil Eden:

the turtle where to go and what to do. I just loved it. It just

Denzil Eden:

made so much sense to me. It was logical. You could do really

Denzil Eden:

cool things. And that was how I first fell in love with computer

Denzil Eden:

science, and I kind of took that passion with me all the way to

Denzil Eden:

through high school, and eventually decided, like, that's

Denzil Eden:

what I want to do. I want to learn more. Took that passion

Denzil Eden:

with me to MIT, where I went for undergrad, and ended up doing

Denzil Eden:

like a master's there as well, with a focus on AI. But at that

Denzil Eden:

time, AI was still in its like, much more earlier stages, so I

Denzil Eden:

did a thesis project in human computer interactions, and I

Denzil Eden:

actually ended up building a precursor to Slack, but for

Denzil Eden:

classrooms. So it was ahead of its time. It was all about

Denzil Eden:

asynchronous collaboration. And I probably should have made a

Denzil Eden:

company out of it, coming out of my masters, but I thought being

Denzil Eden:

a founder was just not for me. I did not think that was something

Denzil Eden:

I would enjoy doing. I didn't think that was something was

Denzil Eden:

something someone like me is supposed to do. I don't know

Denzil Eden:

why. It was just something I really felt at that time. So I

Denzil Eden:

ended up going into big tech instead. I was working at

Denzil Eden:

Microsoft. Started as a PM, so really on the product side at

Denzil Eden:

PowerPoint, missed being technical, missed coding things

Denzil Eden:

and building things from scratch. And so ended up

Denzil Eden:

switching to being a software engineer at Yammer, got a gamut

Denzil Eden:

of experiences there and realized that I still wanted

Denzil Eden:

more, or I wasn't sure what I was missing, so I was trying out

Denzil Eden:

a bunch of other things on the side, I decided to go to

Denzil Eden:

business school because I felt like the best way to really hone

Denzil Eden:

out my skill set and also take some time to figure out what I

Denzil Eden:

wanted to do. And that's really where the idea for smarty, which

Denzil Eden:

is what I'm working on today, came for me. I was just feeling

Denzil Eden:

overwhelmed with all the things that I was doing. I knew that

Denzil Eden:

technology could automate a lot of the tasks I needed to do, and

Denzil Eden:

so I started building Smarty for myself. It was a chat bot. I

Denzil Eden:

would tell Smarty what I need to do. It would try to do it for

Denzil Eden:

me. And I remember pitching it to my first investor, and she

Denzil Eden:

was like, No, this makes no sense. This is not how you pitch

Denzil Eden:

things. I got so much feedback. It was really great. I kept in

Denzil Eden:

touch with her and kept pitching Smarty over and over again over

Denzil Eden:

the years, and eventually she wrote us our first check, and

Denzil Eden:

that's how I got started. And leads me to here today, where

Denzil Eden:

I'm working on sorority full time. So something that I can

Denzil Eden:

say to Smarty today is like coffee with Stephanie at Blue

Denzil Eden:

Bottle in San Francisco at 2pm London time and Smarty will

Denzil Eden:

figure out the location, the time zone difference, add you to

Denzil Eden:

the event and send a calendar invite immediately. And that's

Denzil Eden:

just in calendar management. But really, all of the things that

Denzil Eden:

your executive assistant does across task management,

Denzil Eden:

scheduling, links, contact management and creating notes,

Denzil Eden:

Mind Mapping, we're trying to bring all of this administrative

Denzil Eden:

features that you would use an executive assistant for, making

Denzil Eden:

it conversational and allowing you to get it done instead. So

Denzil Eden:

that's really like the goal. What's already today, we are

Denzil Eden:

trying to be this AI powered executive assistant for people

Denzil Eden:

who don't have one.

Stephanie Maas:

That is incredible. Okay, so how many

Stephanie Maas:

years ago was it that you first had the thought, hey, I'm not a

Stephanie Maas:

founder. This isn't for me. That's not my thing.

Denzil Eden:

Oh wow. That was probably like, right out of my

Denzil Eden:

like, thesis. I was like, 22, 23 10 years ago.

Stephanie Maas:

Okay, so walk me through, how has that changed

Stephanie Maas:

today?

Denzil Eden:

Yeah, it's a great question, because I sometimes

Denzil Eden:

think about it a lot. I'm like, why did it never even occur to

Denzil Eden:

me to try to turn this idea that, like, I had customers more

Denzil Eden:

into an actual business? And I think it was one just the timing

Denzil Eden:

of it. I think at that time my undergrad MIT was just much more

Denzil Eden:

theoretical. It had some entrepreneurial resources, but

Denzil Eden:

not like it does today. Today, there's so many resources in

Denzil Eden:

every university that you go to, around early funding, around how

Denzil Eden:

do you like pitch an idea, how do you build an idea into a

Denzil Eden:

company? And so I think it was just a different time. There

Denzil Eden:

wasn't as many resources around practical advice on how to turn

Denzil Eden:

an idea into a company. And so that, I think, is a big change,

Denzil Eden:

because even now, I think the undergrad is so different than

Denzil Eden:

what it was when I was there. I think the second big thing there

Denzil Eden:

weren't like role models that I could look at and say, Wow, I

Denzil Eden:

can be like her. And I do think that's really important, being

Denzil Eden:

able to see someone that reminds you of yourself in any way and

Denzil Eden:

shows a path. And I really didn't have that. Then I thought

Denzil Eden:

the only people who could be founders were Mark Zuckerberg,

Denzil Eden:

which really, like, I couldn't see myself in him, but I didn't.

Denzil Eden:

And so it felt like so untenable in a lot of ways. And so I

Denzil Eden:

stayed away from that. And I I was also convinced that, like,

Denzil Eden:

my life path had to go in one direction, that I had to get a

Denzil Eden:

job, that. Was a nine to five job, and that was like what

Denzil Eden:

everyone did. And so I just didn't have a lot of exposure to

Denzil Eden:

people not doing that. And I think that would be different

Denzil Eden:

today too, because I feel like more people are starting

Denzil Eden:

companies than ever before. I mean, just based off my

Denzil Eden:

experiences, I don't know if that's actually true, but I feel

Denzil Eden:

like the entrepreneurial energy is higher than it was 10 years

Denzil Eden:

ago. And then I think the third thing, really, for me, was just,

Denzil Eden:

I think, understanding that an idea, any idea, can be turned

Denzil Eden:

into a company. It's all about, like, finding the right

Denzil Eden:

customers, figuring out how to monetize it. And I think that is

Denzil Eden:

something that you just learned through practice. And like,

Denzil Eden:

willingness to take risk, which I guess 10 years ago, I was very

Denzil Eden:

like, risk averse. I was like, not for me, but it has been a

Denzil Eden:

long journey, and I do think not seeing the right folks around

Denzil Eden:

you makes a big difference, because even today, there are

Denzil Eden:

more female founders than there were 10 years ago. But I don't

Denzil Eden:

think there's many founders in AI that are women, and I'm not

Denzil Eden:

sure why that's the case, because it's like such a new

Denzil Eden:

space. There's a lot of opportunity here, but every time

Denzil Eden:

I go to an AI conference, it's always a bunch of male speakers.

Denzil Eden:

It's always the same thing. And so I'm and I know that there are

Denzil Eden:

women out there doing cool things, and so I think it's a

Denzil Eden:

lot of exposure. I think it's really important to, like, show

Denzil Eden:

the path be a role model, trying to find opportunities to get

Denzil Eden:

more younger women than younger folks in general, into the right

Denzil Eden:

spaces.

Stephanie Maas:

I mean, I hope you do know and understand that

Stephanie Maas:

you are now that role model that you did not have.

Denzil Eden:

I hope so. I hope, like listening to me, everyone

Denzil Eden:

is like, I can start a company. Like, it's not a specific

Denzil Eden:

pattern that that is best for running with your ideas. But

Denzil Eden:

also for younger women, I really hope, like they feel like they

Denzil Eden:

can do anything if they put their minds to it.

Stephanie Maas:

Super cool. So let's shift gears slightly. One

Stephanie Maas:

of the things that is intriguing to me is this idea of

Stephanie Maas:

demystifying AI. If someone came to you and, you know, said, Hey,

Stephanie Maas:

layman's term, help me understand this world of AI.

Stephanie Maas:

Walk me through

Denzil Eden:

Yeah, it's a great question, and I actually think

Denzil Eden:

right now is the time to become AI literate. That's the term

Denzil Eden:

that I use, because it's not about necessarily understanding

Denzil Eden:

how the AI works. It's about learning how to use AI

Denzil Eden:

regardless of what you're doing. Because AI is just a tool. It

Denzil Eden:

empowers you to get things done. And the way that I like to think

Denzil Eden:

of AI is I have, like these three principles of AI. And so

Denzil Eden:

it's the first is that it's predictable. So it uses past

Denzil Eden:

data to predict what you're going to do next, or to

Denzil Eden:

understand what is going to come next. So it's really around

Denzil Eden:

using past experiences, past data sets, and trying to

Denzil Eden:

understand what will the future look like. So very predictive.

Denzil Eden:

The second big thing is proactive. It looks at that past

Denzil Eden:

data. It looks at this future potential outcomes, and it

Denzil Eden:

understands how to get to those outcomes, how to get those

Denzil Eden:

outcomes to be achieved. So proactive and try to get things

Denzil Eden:

done based off past data. And then the last one is

Denzil Eden:

personalized. It uses your personal data to understand what

Denzil Eden:

future steps will you take? What are your preferred outcomes, and

Denzil Eden:

how would you get to those outcomes? Personally? That is

Denzil Eden:

what AI is trying to do. It's trying to take this data, it's

Denzil Eden:

trying to take your data, and it's trying to understand how to

Denzil Eden:

get to future outcomes from there. And so every time you see

Denzil Eden:

a tool, that's how you should be thinking about it. And in terms

Denzil Eden:

of the future of AI. I think it's really important for

Denzil Eden:

everyone to become AI literate, which just means learning how to

Denzil Eden:

use AI in whatever you're doing for life and work, because AI is

Denzil Eden:

going to affect every industry, every job, every role, and you

Denzil Eden:

can already kind of see that happening. Copywriters and use

Denzil Eden:

chatgpt to help them write marketing copy. Artists are

Denzil Eden:

using mid journey and other art tools to help them create new

Denzil Eden:

forms of art, and there are a lot of like, short term

Denzil Eden:

consequences that are going to come out of that, but the long

Denzil Eden:

term AI is this tool that is going to be used by every job

Denzil Eden:

role to make them better at whatever they're doing. And so

Denzil Eden:

it's important now to start immersing yourself and learning

Denzil Eden:

what types of tools are out there. How can I start using it

Denzil Eden:

in my life, and how does aI think and work? And then how can

Denzil Eden:

I leverage that in whatever I'm doing? And so for everyone who's

Denzil Eden:

listening, I think the best way to get started is to think about

Denzil Eden:

what you like to do, what's a hobby or something creative that

Denzil Eden:

you enjoy doing. So if you like composing music, if you like

Denzil Eden:

playing music, there's so many AI tools around writing music or

Denzil Eden:

composing it for every instrument out there. If you, if

Denzil Eden:

you're an artist, play around with these AI art tools and

Denzil Eden:

learn how to take your own work and take it to the next level,

Denzil Eden:

because that's really what AI tools are going to help you do.

Denzil Eden:

It is like a very exciting time, because there's so much to

Denzil Eden:

learn, and you don't have to be technical to be able to become

Denzil Eden:

an expert in using AI.

Stephanie Maas:

Is there an AI tool out there to help me decide

Stephanie Maas:

what to make dinner every night?

Denzil Eden:

I'm sure there is. I am sure someone is working on that.

Stephanie Maas:

There must be.

Denzil Eden:

And if there isn't someone listening who's excited

Denzil Eden:

about this, like taking a picture of what's in your

Denzil Eden:

fridge, because AI is at this level where it can, like,

Denzil Eden:

classify all the. Ingredients in your fridge, probably even how

Denzil Eden:

much of it you have, and coming up with generated recipes that

Denzil Eden:

you should do. And I'm sure they're like meal planning AI

Denzil Eden:

tools out there too, but that's what I mean. It's going to be

Denzil Eden:

affecting like every part of your life. And so for everyone

Denzil Eden:

who wants to be a founder, or maybe debating being a founder,

Denzil Eden:

find a problem in your own life, find a customer who has that

Denzil Eden:

problem, and start building.

Stephanie Maas:

So now that you're at this level, who's

Stephanie Maas:

inspiring you, who's helping you get through the mental hoops and

Stephanie Maas:

getting to where you're hoping to go?

Denzil Eden:

That's a great question. I am always looking

Denzil Eden:

for more folks to look up to, because it's nice to have

Denzil Eden:

something to aspire towards. Something that I've been really

Denzil Eden:

looking for right now is trying to find AI like, micro

Denzil Eden:

influencers, folks who are staying on top of the most

Denzil Eden:

cutting edge trends around AI and so someone that I really

Denzil Eden:

like is Ali K Miller. She's in New York City. She used to work

Denzil Eden:

at AWS, has always been in the AI machine learning space, and

Denzil Eden:

has just been such a great person to follow. But she's

Denzil Eden:

always on top of, like the newest AI tools, the newest AI

Denzil Eden:

trends, and encouraging the non technical person to get

Denzil Eden:

involved. And so that's someone I'm really looking up to right

Denzil Eden:

now, and I hope I can meet her someday.

Stephanie Maas:

What do you think are some general fears or

Stephanie Maas:

concerns people have around AI and how would you address those?

Denzil Eden:

I think there are many, and I think they're all

Denzil Eden:

very valid concerns. The first one is the jobs that AI will

Denzil Eden:

take. In the short term, I think there will be consequences

Denzil Eden:

around certain jobs being replaced by AI, but I think in

Denzil Eden:

the long term, I'm very optimistic, because AI is just

Denzil Eden:

going to open up more job opportunities, more roles that

Denzil Eden:

we can't even foresee today. It's very much like the

Denzil Eden:

Industrial Revolution, where certain jobs left, but so many

Denzil Eden:

more opened up in the long term. And so I see that as short term

Denzil Eden:

concern with AI, but a long term, very optimistic thing. A

Denzil Eden:

second big concern, I think, is really, of course, around

Denzil Eden:

security and privacy. And I do think the government needs to be

Denzil Eden:

involved in that conversation around, how do you regulate the

Denzil Eden:

security tools and encryption and what data sets companies are

Denzil Eden:

using? I think most governments realize how important it is to

Denzil Eden:

have regulation, but also have enough bandwidth to allow for

Denzil Eden:

innovation. And so I think that is also a short term concern,

Denzil Eden:

but one that is actively being worked on is well known. And the

Denzil Eden:

third one is bias. There's a lot of bias in AI tools because it's

Denzil Eden:

so based off past data, and past data really matters, like what

Denzil Eden:

you're feeding into an AI technology. And so a lot of the

Denzil Eden:

data can be very biased towards a certain demographic, or it can

Denzil Eden:

be very biased towards a specific way of thinking, and so

Denzil Eden:

it's really important to be doing audits around this AI

Denzil Eden:

technology that's being built out and and checking like, is

Denzil Eden:

this a diverse sample set? Are the right people being

Denzil Eden:

represented here? So for example, with mid journey, if

Denzil Eden:

you prompt like boardroom, it might send back a picture of all

Denzil Eden:

white men in a room talking, and there's no gender diversity,

Denzil Eden:

there's no racial diversity, there's no socioeconomic

Denzil Eden:

diversity, and so it's really important to be checking like,

Denzil Eden:

what data sets are these tools using, and is it actually

Denzil Eden:

representative of the population it's supposed to be serving? And

Denzil Eden:

so I think there's a short term concern around that, but a lot

Denzil Eden:

of companies are popping up specifically around auditing

Denzil Eden:

what data companies are using. And so I think those are the

Denzil Eden:

biggest concerns, and I think we're doing a good job of

Denzil Eden:

addressing and being aware of them. And I think it's someone

Denzil Eden:

needs to also be thinking about, like, what else should we be

Denzil Eden:

concerned about? What are the unknown unknowns? And I don't

Denzil Eden:

know what those are.

Stephanie Maas:

You mean you don't know what you don't know?

Stephanie Maas:

So you do have some limitations. Okay, good to know. Tell me how

Stephanie Maas:

your experience has shaped your perspective as a female,

Stephanie Maas:

especially in AI tech.

Denzil Eden:

I think my biggest learning over the last few

Denzil Eden:

years, especially is that all that matters is grit and

Denzil Eden:

resilience. You can always figure out what you don't know.

Denzil Eden:

And actually, this is it reminds me something that I was talking

Denzil Eden:

to someone earlier this week. Earlier this week about what is

Denzil Eden:

a growth mindset versus imposter syndrome. I think it's really

Denzil Eden:

easy to tell yourself, oh my god, I can't do this. I'll never

Denzil Eden:

be able to do this having that imposter syndrome. But to shift

Denzil Eden:

that to being a growth mindset, you have to add on the word yet.

Denzil Eden:

I can't do this yet. I'm not going to be ever able to do

Denzil Eden:

this. Should be I'm not going to be able to do this yet, and then

Denzil Eden:

changing our mindset around this idea of, like, Okay, I can't do

Denzil Eden:

it now, but I can learn how to do it. I can find someone who

Denzil Eden:

does know how to do it and have them teach me. It's about

Denzil Eden:

changing your entire mindset to how can I keep going and get

Denzil Eden:

where I need to go? And I think that is something that's really

Denzil Eden:

important if you want to be a founder, and I think it's just

Denzil Eden:

really important in life in general, never counting yourself

Denzil Eden:

too short and knowing that you have everything you need to get

Denzil Eden:

where you want to go.

Stephanie Maas:

Now that you have gotten this investment,

Stephanie Maas:

you're on this path. What are your hurdles going forward?

Denzil Eden:

I will say personally that is still my

Denzil Eden:

biggest challenge, like reminding myself my biggest job

Denzil Eden:

as a founder is to not quit, to keep trying, to keep trying to

Denzil Eden:

get to the destination that I know I want to get to. And it's

Denzil Eden:

easy to get dissuaded by all of the things that go wrong every

Denzil Eden:

day. And so it's really important to celebrate small

Denzil Eden:

wins. So on a personal level, it's really around reminding

Denzil Eden:

myself I'm lucky that I get to be a founder. I'm lucky to have

Denzil Eden:

this opportunity, and despite any setbacks, I just need to

Denzil Eden:

keep going on a professional level. I think the big thing for

Denzil Eden:

us today, ex Marty, is to try to hit profitability. We are trying

Denzil Eden:

to get as many customers as possible. We're trying to make

Denzil Eden:

the product as robust as possible. And so that's just

Denzil Eden:

like my Top of Mind goal and concern for the year, and I

Denzil Eden:

think, don't be worried about what the ecosystem looks like if

Denzil Eden:

you don't see someone who looks like you, you should still

Denzil Eden:

pursue your idea. You should still take that risk and chance.

Denzil Eden:

I think, in relation to that one, if you have an idea,

Denzil Eden:

there's so many ways today on the internet, to be able to

Denzil Eden:

validate and test your idea. And that's something that I wish I'd

Denzil Eden:

really known as an early stage founder. I am a builder. I can

Denzil Eden:

code. So I immediately started coding a product that I thought

Denzil Eden:

people wanted because I was building it for myself. And

Denzil Eden:

really what I should have done is validated the idea, validated

Denzil Eden:

how it was going to look, validated who my customers were

Denzil Eden:

going to be. And if I could do it over again, I would have

Denzil Eden:

started there. And so it's actually very simple to start

Denzil Eden:

testing and validating ideas. You can build up a wait list.

Denzil Eden:

You can have different landing pages for for your idea and see

Denzil Eden:

what brings people in. And then you can start doing customer

Denzil Eden:

interviews without having a product. You can build a

Denzil Eden:

prototype of a product using tools like figma. It is easier

Denzil Eden:

than ever to test an idea. And so I think if you have an idea,

Denzil Eden:

start testing it. You don't need to leave your job, you don't

Denzil Eden:

need to start building it with code. You can just start testing

Denzil Eden:

and seeing where the customers are, what are their pain points,

Denzil Eden:

and figure out how you can turn a profit from there.

Stephanie Maas:

You know, what I really want is, I want to put a

Stephanie Maas:

date on the calendar five years from now, and I probably won't

Stephanie Maas:

even need to wait that long and just watch what you've

Stephanie Maas:

accomplished in the next five years. I think it's going to be incredible.

Denzil Eden:

I appreciate that. I hope so, but I also know, and

Denzil Eden:

for everyone who's out there, I guess listening, that your path

Denzil Eden:

will change and wind in ways that you can even expect. But as

Denzil Eden:

long as you're aiming towards a North Star, you'll get somewhere

Denzil Eden:

you want. I think I really didn't love that idiom where if

Denzil Eden:

you shoot for the moon, you'll land in the stars, but it's so

Denzil Eden:

true. Have ambitious goals, and regardless of what happens,

Denzil Eden:

you'll end up somewhere you're very happy to be.

Stephanie Maas:

That is awesome. I so appreciate you being here.

Stephanie Maas:

Thank you so much for your willingness to be with us today.

Stephanie Maas:

I really appreciate it.

Denzil Eden:

Of course, thank you so much for having me. Thank

Denzil Eden:

you so much.

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