Zoom hits an all-time low. Here's what AI startups can learn from the WFH hype cycle.
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Zoom was THE work-from-home stock. It's down 90% from peak. The same hype that fuelled work-from-home stocks is now fuelling AI. What happened to Zoom will happen to many AI companies. AI startups today need to carefully position against foundational models and incumbents. Here's how to think through it.Why you should listen:Learn why what happened to Zoom will happen to many AI companiesHow to position yourself against the two AI giants: Foundational models & incumbents.How to...
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Every startup needs to compete with incumbents. But it's different with AI.AI startups need to create websites or apps from scratch and drive traffic. Incumbents can just add AI as a feature. They have distribution built in.AI is not like previous tech revolutions. Unlike mobile, the internet, or...
Published 06/27/24
Published 06/27/24
Andrew spoke with 120+ VCs to raise a $1.5M pre-seed round. He closed $2.7M and had demand for many millions more. He devoted 90% of his time to fundraising, but only took weeks from the first meetings to close. 99% of founders I meet do not fundraise at this level. It takes them longer to close,...
Published 06/24/24
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