Otter transcription review6/19/2023 If you think about it, if you pay an employee $100,000 a year, they actually spend 30,000, or $40,000, to just attend meetings. And you probably have seen this type of study that shows that in enterprises, people spend at least 30%, or even more 40% or 50% of their time in all kinds of meetings, either in person meeting, phone calls or video conferences. But with Otter, we can share it easily which is really important for enterprises. But if they want to know the original conversation is really hard. Of course, I can tell him/her verbally, but whatever I say will be somewhat processed. So we have all that information but how do you share this information with each other? We have this meeting with you today but somebody in our organization may be interested in some of this conversation. And also, for us, we have a small team of a few dozen people, but we have tons of meetings going on actually: the product meeting, the Android meeting, the marketing meeting, business development, sales, customer service, etc. So with an app like this, I can just get it and search easily. So I may not have my notebook with me, but I really need that information instantly. I could have been a Starbucks coffee place. And not only just take notes actually search, because like a month later, if I want to recall you told me about Notre Dame Cathedral, I vaguely remember something but I don't remember the details. So myself, I have the need to have an easy way to take notes. By the end of my third meeting, I already forgot maybe 70% of the things that happened in the first meeting. I have so many meetings back to back every day. So voice is just a such a pervasive way for people to communicate. Sam Liang: There are billions of people here in the world. Jean Baptiste Su: How did you get the idea of starting Otter?
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