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Dan Siroker, CEO of Rewind AI, discusses how they raised their Series A in public, the challenges of building screenless wearables, and the potential impact of wearable AI on cancel culture, transparency, and surveillance. They also explore topics such as transparency in the workplace, balancing startup and parenthood, conspiracy theories, and the benefits and pitfalls of investor advice.
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Quick takeaways
- Rewind AI's decision to publicly fundraise and post their pitch deck on Twitter resulted in significant attention and over a thousand preliminary offers to invest.
- When selecting investors, founders should prioritize long-term orientation, conduct thorough due diligence, and ensure alignment with values and visions.
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Public Fundraising Strategy
The guest, Dan Sroger, discusses the decision to publicly fundraise for his company, Rewind AI. He explains that they had plenty of runway and were receiving a lot of investor interest, which led them to post their pitch deck on Twitter. The goal was to save time by fast-tracking investor conversations and to build trust through transparency. This unconventional approach resulted in significant attention, generating over a thousand preliminary offers to invest.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode