Generative Now | AI Builders on Creating the Future PART 1: Generative Quarterly with Semil Shah | Consumer AI Tech, Seed Investing, and Apple
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Oct 3, 2024 Semil Shah, a founding General Partner at Haystack and Venture Partner at Lightspeed, joins for an engaging conversation about the seed investing landscape. They unpack the rising trends in early-stage investments and how startups can attract discerning investors. Semil shares insights on the rivalry between Apple and Google, discussing the gap between marketing blitzes and real product functionality. The discussion also touches on the challenges of building successful AI consumer tech and the allure of a digital detox in today’s hyper-connected world.
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Seed Investing Market Active
- Seed investing is very active, especially in the $3-5 million range, due to capital influx and AI excitement.
- If you can't raise at least $1 million now in major markets, something is likely wrong with the pitch or network.
Articulate Your Right to Exist
- Founders must clearly articulate their company's "right to exist" when pitching investors.
- Investors look beyond stats; a compelling vision is essential to secure funding.
Three AI Startup Buckets
- AI startup pitches fall into three buckets: AI native, AI adjacency/tailwind, and non-AI core businesses.
- AI native companies raise more easily; others face reduced investor interest and valuation expectations.