Value on Talks
Did you know that the AI industry is expected to contribute over $15 trillion to the global economy by 2030? Today, AI is revolutionizing human lives by making groundbreaking discoveries like detecting early signs of Alzheimer’s disease with remarkable accuracy and solving more problems like climate change and automation. This speedy growth shows the enormous potential of AI-driven solutions.
In the era of digital transformation, where AI-driven solutions are revamping industries and society, the misuse of AI has raised concerns about data privacy and security. Value On Talks, a pioneering company based in Palo Alto, California, is dedicated to harnessing the power of AI for the greater good.
Founded by visionary entrepreneur Ritesh Kumar, Value On Talks is committed to developing innovative products that make a meaningful impact on the world. With a focus on responsible AI, the company aims to address pressing societal challenges and promote positive change.
Value On Talks has achieved significant milestones in its journey, earning recognition as a Best AI Startup, Startup of the Week, Top 25 AI Solutions Provider, AI Excellence Award winner, and Best Use of AI by Audience Poll. Their groundbreaking work, such as the hate speech filter and behavioral trait analyzer for teenagers, has positively impacted countless individuals and communities.
In this exclusive interview, we delve into the mind of Ritesh Kumar in our The 10 Most Influential Entrepreneurs Of The Year 2024 edition—the driving force behind Value On Talks. Discover his entrepreneurial journey, insights on leadership, vision for the future, and how they’re making waves in AI industries!
Tycoon Insights: Brief us on how you started your company.
Companies are born when ideas resonate with like-minded individuals, and that’s exactly how our journey began. As the founder, I was discussing the harmful impact of hate speech on social media with former colleagues when we collectively recognized the urgency of addressing this widespread issue. It became clear to us that this problem required immediate attention, and we were united by a shared passion for using AI as a force for good. Once the vision was established, others with the same dedication and aspirations eagerly joined the company, driven by the common goal of making a positive impact.
Tycoon Insights: How have you maintained a balance between your personal and professional lives?
While the topic of balancing work and life has become a frequent discussion, I believe that everyone finds their own path. For our company, we’re so deeply passionate about our mission that any disconnect between the two doesn’t seem to exist. Our team feels more like a family, and with that bond comes a shared commitment to give our best in every aspect of our lives. It’s not about adhering to a rigid timetable for work and pleasure; instead, it’s a need-to-serve basis, where we prioritize what truly matters at the moment. We go all out, not just in our work but in serving and supporting both our professional and personal families.
Tycoon Insights: How your story of struggle is any different from other CEOs?
I wouldn’t overrate my struggle because I believe that struggle is a constant at every stage of life—only the stakes change. I’ve been fortunate to have great mentors who instilled in me the understanding that this journey will never be struggle-free. However, they also taught me that true satisfaction comes from knowing that the struggle is for a worthy cause. It’s this sense of purpose that makes the challenges worthwhile and keeps me motivated along the way.
Tycoon Insights: How do you stay updated with the changing market trends?
In a specialized field like ours, staying ahead of market trends and competition is absolutely essential. Our team is continuously monitoring the evolving landscape of technology, always seeking to understand where it’s headed. With our tech team based in Israel, we’re uniquely positioned to gain rapid insights into the latest global advancements. I’ve observed that Israel’s tech scene is not only ambitious and aspirational but also a trendsetter on the world stage. This connection empowers us to stay at the forefront of innovation, pushing the limits of what we can achieve.
Tycoon Insights: What are your views on the importance of R&D for the growth of the company?
Without a doubt, R&D is indispensable. Our background in developing AI products that have been integral to R&D efforts has ingrained in us a deep commitment to it. We wholeheartedly believe in the importance of indulging in, investing in, and even pushing the boundaries of R&D. It’s not just a necessity for us; it’s a core part of our DNA, driving our innovation and success.
Tycoon Insights: Do you think the competitive landscape for CEOs has changed significantly in recent years, and if so, how?
It’s no longer just about facing tough competition; the real challenge now is staying relevant, and that’s what’s increasingly determining the future of CEOs. In today’s rapidly changing tech- landscape, the ability to adapt, innovate, and maintain relevance is what sets successful leaders apart. It’s a constant test of vision and agility that ultimately shapes the trajectory of our careers.
Tycoon Insights: How necessary do you feel it is to keep your employees content? How do you ensure it?
I’ve always believed that employees perform at their best when they are happy, confident, and positively challenged. We make it a priority to ensure our team works in a comfortable and supportive environment. Our HR policies are modern and forward-thinking, reflecting the energy and mindset of our young team and co-founders. We set ambitious goals that stretch our employees’ skills, but never their patience.
Tycoon Insights: Who are your role models, and what message do you convey further to the ones who look up to you?
I deeply admire my mentors—too many to name them all, but Bharat Vijay popped to me now. He was influential in bringing Yahoo and later Amazon to India, leaving an indelible mark on the tech landscape. Through his remarkable journey, I’ve had the privilege to observe and learn lessons. One of the most important lessons has been his power of staying humble, no matter how successful one becomes. His example continues to inspire me to approach both success and challenges with humility and a strong sense of purpose. To the younger ones who look up to me, I would also emphasize upon the importance of staying grounded, just as my mentors taught me. I also firmly believe that when we create something, especially a product like never before, we must aim to excel and have an undying belief in our work.
Tycoon Insights: What are your views on CEOs’ participation in the entrepreneurial world?
Firstly, I love this question the most. Today, we live in an entrepreneurial world. CEOs, especially those working with younger teams, need to inspire their employees to embrace an entrepreneurial mindset in their own roles. It’s about encouraging them to take ownership, innovate, and think like entrepreneurs. As a CEO, my role often becomes one of mentorship, particularly during times of crisis, guiding them through challenges while empowering them to lead and grow.
Tycoon Insights: What message do you want to give to those CEOs who give up on their dreams because of some stereotypes?
I firmly believe in the saying, “Once a CEO, always a CEO.” It doesn’t matter if a CEO decides to move on from a particular idea; their mindset and approach will carry over into any role they take on. They’ll continue to think, act, and lead with the same level of responsibility and vision, no matter the position. And if you were expecting a motivational quote for upcoming entrepreneurs from my side, I think social media has that covered quite well.
Tycoon Insights: What does the company hold for it in the future?
Our company is committed to tackling even bigger challenges in the everyday world through the power of data analysis and AI. We will continue to create opportunities for driven professionals who share our passion for innovation. Most importantly, we believe we are just at the tip of the iceberg and are eager to expand our reach, offering our products worldwide. Our goal is to be recognized not only as a socially responsible company but also as a strong revenue generator, balancing purpose with profitability.
Tycoon Insights: What milestones and achievements does the company boast of?
Drawing from our background of being recognized as the Best AI Startup, Startup of the Week, Top 25 AI Solutions Provider, AI Excellence Award winner, and Best Use of AI by Audience Poll, we’re not just happy but immensely proud to tackle challenges like teenage depression using the power of AI. Our work has positively impacted hundreds of families, helping parents successfully balance the roles of being both responsible and friendly. This achievement underscores our commitment to using AI for meaningful, life-changing solutions.
Tycoon Insights: Finally, is there a message you would like to give to Tycoon Insights readers?
Tycoon Insights has a unique knack for uncovering the most intriguing and innovative companies amidst the vast sea of businesses. I believe that your readers—who I imagine are entrepreneurs and aspiring entrepreneurs—will find these stories not only inspiring but also deeply relatable. By delving into each narrative, they can see reflections of their own journeys and challenges. Beyond that, Tycoon Insights serves as a bridge, connecting them with the right entrepreneurs who can offer invaluable guidance and mentorship, helping them navigate their own paths to success.
