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Startup Fundraising ๐Ÿ’ฐ

Public โ€ข 52 โ€ข Free

Lyra

Private โ€ข 3 โ€ข $950/m

3 contributions to Startup Fundraising ๐Ÿ’ฐ
โš ๏ธ What do investors *NOT* like to hear and see from you?
Four healthcare investors just sounded off at Dallas Startup Week. (But it applies to almost all sectors.) ๐Ÿ’ธ Founder or team taking sizeable salaries or benefits โ˜ข๏ธ Hearing "Weโ€™re unique and have no competitors" โ›” Dishonesty ๐Ÿ˜‘ Asking an investor to sign an NDA -- IMPORTANT: put whatever non-confidential info you want in your deck; confidential info can be conveyed verbally, not in writing. Later, if they move into Due Diligence, you will need a "Dataroom" they can have access to, which will contain all kinds of financials, etc. ๐Ÿ‘‹ ("See ya!") Not being full-time on your company. This one's kind of a no-brainer. ๐Ÿ‘‡ WHICH best applies to you?
Poll
10 members have voted
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New comment Aug 27
โš ๏ธ What do investors *NOT* like to hear and see from you?
2 likes โ€ข Aug 26
@Howard Freeman But it is still undeniable that 80%+ of all venture money is going to Silicon Valley startups - sad but true. As someone building in Tampa now I am hyper aware of this vs when I built in NYC.
1 like โ€ข Aug 27
@Howard Freeman I suspect that just counting the number of investments would still skew heavily to The SF Bay Area.
***First FREE Live Q&A on fundraising - Thursday - Members ONLY!
Guys! We have a legit community...! Dani... Blu... Sara... Evan. So cool. So, this Thursday I'll host the first live Q&A on anything related to fundraising (nonprofit or funding a company). Submit your questions by tomorrow, Wednesday midnight. I'll pick at least one from each of you. Live event will be Thursday at 4pm PT / 6pm CT. 30 minutes only. PLEASE COMMENT below if you can make it or if you'd prefer a different time.
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New comment Aug 26
2 likes โ€ข Aug 7
Question for Q&A: Are the very high valuations of foundation AI companies (see $680MM raise by Groq this week) raising the bar for all companies and VCs want to see $10B to $100B outcomes from their investments now? A sort of VC expectation inflation possibly related to economic inflation?
0 likes โ€ข Aug 26
@Marcos Polanco Are you saying that $100B exits are what is _needed_ to make VC math work right now? Because very very few companies can grow that large within 10 years.
Turn fear into opportunity
I noticed on LinkedIn that a friend of mine had changed jobs yet again. A news article announced major U.S. companies' concern over the negative impact of AI, and the article's photo showed Hollywood writers protesting the use of AI, all worried about losing their jobs. (See attached) ๐˜พ๐™๐™–๐™ฃ๐™œ๐™ž๐™ฃ๐™œ ๐™Ÿ๐™ค๐™—๐™จ. ๐™๐™š๐™–๐™ง ๐™ค๐™› ๐™ก๐™ค๐™จ๐™จ ๐™ค๐™› ๐™– ๐™Ÿ๐™ค๐™—. ๐™๐™š๐™š๐™ก๐™ž๐™ฃ๐™œ ๐™ฉ๐™๐™š ๐™ฉ๐™๐™ง๐™š๐™–๐™ฉ ๐™ค๐™› ๐™– ๐™ฃ๐™š๐™ฌ ๐™ฉ๐™๐™ž๐™ฃ๐™œ ๐™ค๐™ฃ ๐™Ÿ๐™ค๐™—๐™จ... The beauty of a platform like Skool is that it allows me to take what I know, package it, monetize it and scale. It's largely up to me; I have to put in the work. No one else will do it -- not even an AI. Not for the essential stuff. I don't choose to worry about the "negative impact of AI" on what I'm doing. Instead, I can ask myself, "How can AI help me grow my business?" "Where is the opportunity?" For example, in the span of ~2 minutes last night I used Chat GPT to create something for a client who wasn't expecting it, when before an AI like that, it would have taken me an hour, and I probably wouldn't have thought to do it, because the ROI wasn't there. The 2 minutes I spent on what will prove to be a helpful tool for my client will have a great ROI. ๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡ ๐—–๐—ข๐— ๐— ๐—˜๐—ก๐—ง ๐—•๐—˜๐—Ÿ๐—ข๐—ช: What are you afraid of that might instead be an opportunity for you to grow your business? ๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡
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New comment Aug 22
Turn fear into opportunity
1 like โ€ข Aug 19
Well what we are working on is technical writing for mechanical machines and we have been impressed with how easy it is for the LLMs to write this stuff. We can produce a 12 chapter technical manual for any car in 25 minutes. Sure it has mistakes and is missing data but that is just a software optimization problem. When I speak to mechanical engineers they hate this kind of writing and are being forced to do it by their bosses because the technical writing team was long ago fired. So I would guess that the most tedious and boring writing will be replaced first. Multiple startups have raised lots of money to replace paralegals with AI. I can see how this would be easy to do because legal writing is not that creative for most legal work until you get to the very high dollar cases where creativity is worth millions.
1 like โ€ข Aug 19
@Howard Freeman The takeaway for me is that people need to move towards more creativity and genuine interaction with other humans to be relevant in the future. The way you are facilitating with this.
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Larry Velez
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10points to level up
@larry-velez-8592
Founder kogi.ai | Founder Sinu (Acquired by Electric AI) | 5X Startup Exec | AI+Mechanics | Motoring Enthusiast

Active 64d ago
Joined Aug 7, 2024
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