2min chapter

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: Why The Future of AI Is Open Not Closed, Why We Are Years Away From AI Being Autonomous, Why AI Founders Do Not Need to Move to the Valley & Why Founders Should Not Meet Investors in Between Rounds with Clem Delangue @ Hugging Face

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

CHAPTER

The Cost of Raising More Money for AI First Companies

It does cost more money to build an AI first startup than a regular complex software startup. Hiring and getting the right set of co-founders is the harder thing, especially because there's a lot of competition with others. Companies have raised so much money that for the really good people the salaries are like insane. We've seen some monster funding rounds very early for some of these companies,. 100 million, 200 million.

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