This page is about the AI data revolution, and it is for owners who have built their business over many years.
Your old business files are just sitting there, and some AI companies now pay to license records like them.
Answer 5 quick questions about your business, and then you can start Mode's application.
Quick check: does your business have years of email, Slack threads, tickets or files sitting in a drive?
Either answer starts the 5 questions. There's no cost to answer, and you type only at the end.
Here are three facts that Mode states about itself:
- Mode says it was the number one fastest-growing software company on the Deloitte Fast 500 in 2023.
- Mode says it has raised over $120 million.
- Mode says it has over 68,000 shareholders.
These are facts about Mode, not a prediction for your company.
Here is how Dan Novaes, the founder and CEO of Mode, describes what AI companies look for in company records:
"They want the logic, not the names."
In plain words, Mode says AI companies want to learn how decisions get made, not who made them.
Here is an example from Mode's webinar: a billing thread about a customer who was charged twice is cleaned before any AI company sees it.
Mode says the names, the company and the amounts are all changed, and in Dan's own words, "Maria becomes Jennifer," which means a real person's name is swapped for a made-up one.
Years of work went into those records, and nobody ever asked what they're worth. Right now they just sit there.
Mode says AI companies have hit what it calls a "data wall," which means they have used up the public internet and now need data that people have agreed to share.
Mode also calls the opportunity "relatively time-sensitive because ... the AI space moves very, very quickly."
Mode says it buys a cleaned copy of business records to help train AI, and you keep your original files.
Mode says a cleaned copy is a version of your records with the names and private details taken out.
Mode says the value of a company's records depends on things like how many records you have, how many years they cover, and how well they link together.
Mode says a company's data could be worth $100K to $5M.
That range is Mode's, not ours, and it is not a promise. Mode calls its own estimates "indicative only." Not every company is a fit: Mode reviews your team size and your records, and any offer comes from Mode after that review.
Our thanks for answering: after the questions, we email you the founder's webinar (about 28 minutes), where Dan walks through how it works.
This is step 1 of 5, and it's an easy one to start with.
What kind of business do you run?
Please pick the answer that is closest to your business.
This is step 2 of 5. Thanks, and now let's talk about how big your team is.
About how many people on your team work at a desk or a computer?
Count office staff, and full-time contractors too. Leave out field and warehouse crews.
This is step 3 of 5, and you're halfway there. You told us that about {{ desk_band }} people on your team work at a desk, and we've noted that.
How long has your business been running?
Mode says a longer history can raise the value.
This is step 4 of 5. You told us your business has been running {{ years_band }}, so now let's talk about which tools hold all of that history.
Which of these does your team use? Tick all that apply.
We only ask which tools you use. Never send us any files.
This is step 5 of 5, and it's the last question.
Do you own the company?
Pick the answer that fits you. Every answer moves you ahead.
We're almost done. You've told us about your team, your history and your tools, and there is one last step.
This is the last step: where can we reach you?
Next, you'll see how to start Mode's application, and we'll email you the founder's webinar as our thanks.
We won't call or text you unless you tick the box below.
We never ask for files, passwords, or bank or tax details.