Depictions of AI in the movies are crazy, but reality may be catching up soon. AI is constantly pushing the boundaries of innovation, drawing keen interest from startups and venture capital firms alike.
At Slauson & Co., we’ve seen a lot of startups trying to incorporate AI in their business. But not everyone does it well. Here’s a simple framework founders can use to think critically about what they are building and how to communicate it.
If you are a founder or know someone who is building interesting solutions with AI, we are interested in learning from you - shoot us a note at meetus@slauson.co
For more tips and insights into our AI research, check out our Medium article here: https://lnkd.in/gPMZJfkv ♻️
You've probably seen crazy depictions of AI in the media, maybe a harmless but sentient child, a super assistant, or even a world assuring robot. But what is actually going on with AI in 2024 and how does it impact startups using AI? Slosson and Co is an early stage VC firm that invests in pre seed and seed stage startups. Based on our experience, if you're not building pure AI infrastructure but incorporating AI into your business, here four things founders should consider to think critically about what you're building and how to communicate it. Be clear about how AI is enhancing your business and being additive. If you're remove AI features from the business, is it still a competitive business? Founders should be cautious to leverage smaller, specialized models and avoid using AI for critical business decisions. How does investing in AI help your business skill faster? Is your AI strategy leading to tangible business outcomes? And where is the business integrating AI across your operations to create new efficiencies? If you want to read more about our insights on AI, check out our Medium article here.
