In the rapidly evolving AI landscape, startups must develop a clear, concrete strategy for leveraging AI technology to succeed in funding rounds; without a compelling AI narrative, even promising ventures may struggle to secure investment, as investors prioritize companies with well-defined AI integration plans.
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Did AI just ruin my funding dreams? ๐ฑ๐ Let's dive into the lessons learned! #Startups #AIAdded:
We were unable to raise funding. I I think primarily because Chat GPT had had just come out and everybody wanted to know what our our AI story was.
Um and this was in 2023, I think at the end of 2023.
Um and you know, I guess Chat GPT had been out for a while, but we didn't have a good enough story about like how we were going to leverage AI. I mean, at the time this was like when people were trying to like fine-tune models and and all of this stuff and they wanted some answer like a long a long that lines and we just we just didn't have a concrete story about how we would how we would leverage leverage AI. So, in some ways your startup was disrupted by AI. Your your your first startup coming out of um kind of the corporate tech world.
Yeah, totally. I mean, there was a bunch of other things that we didn't execute well on, but but um I think if we had a better answer to that question, it could have it could have changed the trajectory for sure.
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