The Prof G Pod with Scott Galloway First Time Founders with Ed Elson – Could this AI Founder Replace Investment Bankers?
8 snips
Mar 3, 2024 Gabe Stengel, Co-founder and CEO of Rogo, shares his insights on the transformative role of AI in the banking sector. He discusses his experiences pitching to VCs and the critical balance between raising capital and maintaining discipline. Gabe also touches on the evolution of M&A banking, emphasizing how automation can streamline routine tasks. He candidly reflects on the personal challenges of being a founder, highlighting the importance of resilience, teamwork, and finding equilibrium between work and life.
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Disciplined Spending
- Raise capital aggressively when it's cheap, but be extremely cautious with spending.
- Prioritize having substantial cash reserves, only increasing spending when clear metrics justify it.
AI and Job Security
- AI's potential to replace workers is causing anxiety across various professions.
- Rogo, an AI model, can perform tasks like financial analysis, document review, and presentation creation.
AI Augmentation, Not Replacement
- Rogo, an AI tool, aims to assist financial professionals rather than replace them entirely.
- It streamlines tasks like data analysis and presentation creation, freeing up time for more strategic work.