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Business Insider
a day ago
- Business Insider
I'm a CEO running an 8-figure AI company. I'm also an extreme procrastinator — and I think that's a good thing.
This as-told-to essay is based on a transcribed conversation with Richard White, CEO of AI note-taking company Fathom. The following has been edited for length and clarity. Everyone talks about procrastination as a personal failing. I disagree. I'm an extreme procrastinator, and I've been building successful companies, like UserVoice and, most recently, Fathom, for 15 years. It's been one of my greatest assets as an entrepreneur. I see procrastination as ruthless prioritization in disguise. Consider procrastination as data collection Procrastination is a way to gather more information before making critical decisions. When I delay a choice, I'm not being lazy; I'm waiting for the optimal moment when I have enough data to make the right call. In college, I judged the size of a project and left it to the last achievable minute. I might have frustrated my peers or not gotten the most out of every seminar, but I'd do exactly what was needed and nothing more. Since then, I've learned to be more thoughtful about my approach. I used this philosophy to build Fathom, which now has an eight-figure valuation. We started building the company in 2020. Instead of rushing to market with whatever technology was available, we waited. We gathered data. We watched AI capabilities evolve. For example, prior to the rollout of GPT-4 and Claude 2, Fathom would yield basic call summaries. When GPT-4 was made available, we saw its capabilities and knew concerted investment on our side would yield massive gains. It was a foundation for our more advanced call summary features, and any earlier investment wouldn't have been as useful to our company. The same principle applies to my personal life. I plan trips at the last minute because I want to see what opportunities emerge, what's actually happening in my life, and what I might miss out on if I commit too early. In other work environments or even relationships, being a procrastinator can annoy people. However, the real and most common downside of procrastinating is underestimating the effort required and starting something too late to meet the deadline. As a CEO, I get to define the deadlines or, in our case, create a deadline-free environment. Urgent matters to trump important matters I've adopted an unfashionable approach for a CEO: urgent trumps important. This keeps our entire company moving forward without anyone waiting on me to make progress. It means that sometimes important but non-urgent things languish. I tell my team that if something's truly important, they should keep tagging me until I respond. This creates a culture where people at all levels in the company can advocate for what matters, and truly important tasks don't get lost. I've developed what I call the "Jenga model" for running my company. Like the game, when a piece looks too difficult or risky to move, I leave it and come back to it later. I can think about a problem and then put it back down without fear. Months later, I'll pick it up again, and suddenly, the answer falls right out. I'll prioritize problems that will get bigger with time, such as making an important product change, as well as problems where the solutions are low stakes or reversible. Higher-stakes decisions that are non-reversible should be deferred to gather data as long as possible, or broken out into lower-stakes decisions that help gather data to inform the larger issue. For product development, we circulate ideas internally while waiting for technological improvements. We don't rush features to market. Instead, we wait for the AI to get better, watch for what could go wrong, and optimize our timing. I don't think I have ever missed out on an opportunity. The reality in startups is that few things have a "hard" deadline. Implementing a deadline-free environment at Fathom means there hasn't been much negative feedback on this model. My team understands what we're prioritizing versus what we're doing later. CEOs need to play to their strengths Working alongside great entrepreneurs over the years has taught me that you can't build something around yourself that doesn't play to your strengths. My strength isn't planning or rigid schedules. My strength is recognizing optimal timing, gathering information, and making high-impact decisions. I delegate open-ended goals to my teams rather than micromanaging tasks. I encourage people at every level to make decisions. Most people think efficiency means doing things as quickly as possible. I think efficiency means doing things at the right time. You might be wrong about when something is needed or the time cost of execution, but that's the risk you take using your best collective judgment. This mindset has served Fathom incredibly well. We're exploring ways to use AI to take better notes, reduce unnecessary meetings, and democratize information sharing within companies. The next time someone tells you that procrastination is holding you back, ask yourself: Are you really procrastinating, or are you waiting for better information? Are you being lazy, or are you being strategically patient? Sometimes the best thing you can do is put the problem down and come back to it when you can solve it easily and effectively.
Business Insider
3 days ago
- Business Insider
Elon Musk Declares ‘We Have Improved Grok Significantly'
You might want to start asking Grok some tougher questions. On Thursday, Elon Musk posted a characteristically bold update on X, claiming: 'We have improved @Grok significantly. You should notice a difference when you ask Grok questions.' And for once, Grok agreed. The AI chatbot itself followed up with a prompt: 'Try asking me a complex question to see the difference.' Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. For a product that's been in beta for months — and often mocked for its uneven quality and occasional political awkwardness — this is a statement that signals more than just minor tweaks. Grok Gets a Major Upgrade Under the Hood While Musk's tweet was light on detail, the upgrades appear to include better reasoning, sharper language understanding, and major improvements in coding capability, especially relevant for developers using Grok as a ChatGPT alternative. Users testing the update say Grok feels faster and more confident, particularly in multi-step problem-solving. Some developers also noted improvements in context retention during long queries — an issue that plagued earlier versions. Insiders say this may be Grok 3.5 or even an early testbed for Grok 4, a release that's rumored to rival OpenAI's GPT-4 in sophistication. If true, the move would be a major step forward in Musk's plan to make Grok the flagship product of xAI and a real competitor in the AI assistant wars. Why This Matters While Grok launched as a 'witty' and sometimes irreverent chatbot, its real-world utility fell short of expectations. And Musk knows that if Grok is going to stand up to GPT-4 or Claude, it can't just be clever — it has to be useful. This could be a meaningful upgrade, particularly for technical users, coders, and curious minds looking for more than meme replies. This upgrade is likely aimed at proving Grok can be trusted in enterprise and productivity settings — not just as a snarky sidekick, but as a full-stack reasoning engine. Is Tesla Stock a Buy, Hold, or Sell? Although retail investors cannot invest in xAI or most of Musk's ventures, they can invest in his most popular company, Tesla (TSLA). According to TipRanks, Tesla currently holds a 'Hold' consensus rating from 35 Wall Street analysts. Of those, 14 analysts rate the stock a Buy, 12 recommend Hold, and nine suggest Sell. The average 12-month price target for Tesla is $293.09, representing a 7.06% downside from its last closing price of $315.35.
Business Upturn
4 days ago
- Business Upturn
Empro Group Inc. Announces Closing of its Upsized $5.5 Million Initial Public Offering
Selangor, Malaysia, July 03, 2025 (GLOBE NEWSWIRE) — Empro Group Inc. (the 'Company' or 'EMPG'), a rising beauty and personal care brand headquartered in Malaysia, today announced the closing of its initial public offering (the 'Offering') of 1,375,000 ordinary shares (the 'Ordinary Shares') at an initial public offering price of $4.00 per share for total gross proceeds of approximately $5,500,000, before deducting underwriting discounts and other offering expenses. The Offering closed on July 3, 2025, and the Ordinary Shares began trading on the Nasdaq Capital Market on July 2, 2025, under the ticker symbol 'EMPG'. The Company has granted the underwriter an option, exercisable within 45 days from the effective date of the Registration Statement (as defined below), to purchase up to an additional 206,250 Ordinary Shares at the initial public offering price, less underwriting discounts, to cover over-allotments, if any. The Offering was conducted on a firm commitment basis. R.F. Lafferty & Co., Inc. acted as the sole underwriter (the 'Underwriter') for the Offering. Pryor Cashman LLP acted as U.S. counsel to the Company, and Sichenzia Ross Ference Carmel LLP acted as U.S. counsel to the Underwriter in connection with the Offering. Advertisement A registration statement on Form F-1 (File No. 333-282155) relating to the Offering, as amended (the 'Registration Statement'), has been filed with the U.S. Securities and Exchange Commission (the 'SEC') and was declared effective by the SEC on July 1, 2025. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained, when available, from R. F. Lafferty & Co., Inc by email at [email protected] or via standard mail to R. F. Lafferty & Co., Inc, 40 Wall Street, 27th Floor, New York, NY10005. In addition, a copy of the final prospectus can also be obtained via the SEC's website at Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Empro Group Inc. Empro Group Inc. is a rising beauty and personal care brand headquartered in Malaysia. Evolving from its origins in Malaysia's eyebrow embroidery space, Empro Group Inc. has grown into a trusted name across three core pillars: cosmetics, skincare, and healthcare. With a growing presence across Southeast Asia and Europe, Empro Group Inc. remains dedicated to offering accessible, quality self-care solutions while staying true to its humble beginnings. For more information please visit: Forward-Looking Statement This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as 'may, 'will, 'intend,' 'should,' 'believe,' 'expect,' 'anticipate,' 'project,' 'estimate' or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the expected trading of its Ordinary Shares on the Nasdaq Capital Market and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These forward-looking statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the 'Risk Factors' section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: Underwriter R. F. Lafferty & Co., Inc. 40 Wall Street, 27th Floor New York, NY 10005 (212) 293-9090 [email protected] Investor Relations Visit Or contact us at [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
