Equity Every startup has AI in their pitch deck and they should according to Forerunner Ventures' Eurie Kim
Jun 5, 2024
Eurie Kim, a Partner at Forerunner Ventures and founding member of All Raise, dives into the current state of consumer investing. She highlights the surprising performance of consumer startups despite a funding drop, with only 7% of seed capital allocated to them. Eurie emphasizes that every pitch deck should include AI, but warns investors to distinguish real innovation from mere buzzwords. She also sheds light on the evolving fundraising landscape and the importance of robust business models for securing funding.
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Consumer Startups Outperform Enterprise
- Consumer startup performance has outpaced enterprise, despite less funding.
- Consumer companies are more likely to go public and achieve higher valuations.
Disruption Through Distribution and Branding
- Dollar Shave Club and Warby Parker disrupted established markets with new distribution and branding.
- They offered convenience and resonated with consumers through direct engagement.
AI in Pitch Decks
- Every startup pitch deck now includes AI, and rightfully so.
- Companies should explore AI for efficiencies, not just as a buzzword.