Welcome to the Thunder Founder Newsletter issue #11!
You can expect us to share a new topic every week relevant to scaling your company and successfully fundraising!
VCs are chasing AI, but should you include AI in your startup to raise more money?
You may be looking at the overall startup ecosystem and scratching your head. How can most startups barely get any funding, but anyone with "AI" is valued so highly? It is tempting to pivot your startup into the AI ecosystem to get better traction for funding.
However, there are some important items to consider before hiring new employees to build your AI. Is AI useful for your startup? Do you have enough resources? How will it improve your value proposition?
Jason Kirby, Thunder's Managing Director, published an article on the topic of pursuing AI. Learn more about how AI can help and hurt your company using the button here
All Thunder Premium members receive a free consulting session where we can include a short conversation if pursuing AI is right for your startup. If you're ready to raise capital, let us know and upgrade to Premium to unlock your targeted investor list of who will have a higher probability of investing. Upgrade here
What the Experts Have to Say
5 Ways Startups Can Harness AI and Kickstart Growth
If you don't want to convert your startup to an AI company, here are some ways you can still use AI to help boost growth. Read More
Startups are exploiting AI’s hazy definition to cash in on the hype
It is important to back up any claim you make to investors. If you claim to be AI - then make sure you are. This article shows how many startups are trying to label simple algorithms as AI. Be careful! It can ruin your reputation. Listen Here
What Companies Need to Know Before Investing in AI
If you are thinking about adding AI to your startup, consider what the role of the AI will be and if the benefits outweigh the costs. This article discusses the major points to consider before focusing on AI. Read More
Let's stay in touch:
Written by Jason Kirby - https://www.linkedin.com/in/jasonrkirby
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