Seed fundraising playbook for AI startups
Lessons from Sam Altman, Dario Amodei, Ilya Sutskever
Lesson 1: prophets trump profits
When investors think you are the savior of humanity they will not bother asking you for business model. They need you not the other way around.
Lesson 2: Fear is the new TAM.
The sky is the limit on how much you can raise - just throw in AGI and P(doom) = 10% here and there. P(doom) carries a mystic valuation premium so milk it like there is no tomorrow (no pun intended).
Lesson 3: PMF is crap - it is PMC now
Explain you are in the product market CREATION business. Investors love markets that are too big they don't exist (yet)... Sell the future.
Lesson 4: Narrative >>> Business
In case an investor asked how you will make money, tell them saving the civilization is the real reward. Just stick to the narrative with the right keywords (civilization, humanity, doomsday, e/acc, superintelligence etc). Money follow the narrative not the business.
Lesson 5: Public stunts are strategy
Grab media attention. Make a very twisted test that you know will make the AI model blackmail (maybe add this to the prompt?) or send your info to authorities. None of it has to be real but just let it out and enjoy the free media coverage and the free user acquisition campaign for you. The DEMO is the product until next raise.
Keep pushing.
More expert advice to come
“The challenge that AI poses is the greatest challenge of humanity ever. Overcoming it will also bring the greatest reward.”
~ Ilya Sutskever