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No Doctor Needed? Dr. Michael Abramoff on the Potential of Autonomous AI

NEJM AI Grand Rounds

CHAPTER

How to Fund a Startup to Make Blind Kids See Again

Raj: I realized I needed angel investors and that ultimately led to funding the company. People love giving money for making blind kids see. That is very motivating. If you say, well, I'm going to generate a 10,000 pages of paperwork for ISO certification and FDA. Not so exciting for a retired farmer who made a few million dollars from their farm. And it was successful raising first angel investment money and later VC. For the first time growth equity last year stepped in. So for the first time ever, AI is not seen as a debt, right? But now growth equity is, this is going to happen. This is not a bet anymore.

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