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Good morning! We’ve got lots of cool stuff for you this Tuesday, so let’s dig deeper.
First, we surveyed six investors who are betting on AI. We wanted to know how startups should start building tools for AI; Is startup-focused AI work defensible; And how tech companies are thinking about monetization. Running an LLM is certainly not cheap.
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To get a better understanding of the AI market, check out what these investors had to say:
- Rick Grinnell, Founder and Managing Partner, Glasswing Ventures
- Lisa Calhoun, Founding Managing Partner, Valor VC
- Edward Tsai, Managing Partner, Alumni Ventures
- Wei Lien Dong, General Partner, Unusual Ventures
- Rak Garg, Principal, Bain Capital Ventures
- Sandeep Bakshi, Head of Europe Investments, Prosus Ventures
Thanks for reading, see you Friday!
carine
How to raise funding when your deep tech startup sounds like science-fiction
Image Credit: Magnillion/Getty Images
It’s already hard for people who create startups, but what if their startup feels like “The Matrix”? VCs want to invest in the next big thing, and if they’re not sure about a company’s value prop, they won’t be as quick to get out their checkbooks.
It’s a founder’s job to explain how and what their product does, especially if their deep tech startup spans two areas. Seraphim Space’s Maureen Haverty has some tips on how to make a deep tech startup more credible when everything about it sounds like “science fiction.”
African startups see their fundraising prospects dwindling as capital availability shrinks again in the third quarter
Image Credit: Bryce Durbin/TechCrunch
The last quarter did not look so hot for African startups as funding trends returned to what we are calling “pre-Covid norms”.
But it’s not all doom and gloom: Although there was less money to go around, more startups in the field received funding. And we were pleasantly surprised that the company that received the most funding in the third quarter is not a fintech.
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Where is the innovation in induction kitchens?
Image Credit: Fabita
I’m not a chef, but I can make a really good omelet. However, if I had the kitchen that Tim De Chant imagines, I think I would be arranging things in the kitchen every day.
But Tim has a controversial opinion: He wants to get rid of his kitchen range altogether.
Deal Dive: Why does General Catalyst want to buy healthcare systems?
Image Credit: shoe donel (Opens in a new window) / Getty Images
During the pandemic, money rained heavily on the health tech sector, with people rushing to tackle any pandemic.
And although many people abandoned health tech as the world began to return to normal, not everyone did, writes Rebecca Szkutak.
“Some people decided to double it. General Catalyst was one of them, and that stance resulted in an interesting development.
