How AI is helping reinvent the art of the startup pitch
Startups are turning to artificial intelligence to help them raise capital. Sydney crowdfunding platform VentureCrowd is releasing new tools to help them do it.
At a time when artificial intelligence has emerged as a powerful force in the startup ecosystem – promising reduced costs, increased efficiencies and accelerated growth – some founders are also using AI to help them unlock funding.
“In my capacity as a startup mentor, I would advise anybody who's preparing to pitch for investment to use AI tools as part of the mix,” startup investor and pitch coach Alan Jones told Capital Brief. “In general, more input is a good thing.”
Jones, a long-time Startmate mentor and general partner at M8 Ventures, believes that AI tools on platforms like Beautiful.ai and Canva have made it easier and faster to create pitch decks. Meanwhile, copyediting software like Hemingway can help with writing cold outreach emails to investors, and extensions like Lusha can identify the right investors for your company.
AI has the potential to fast-track the feedback loop on pitches, Jones explained. Rather than undertaking the lengthy process of sitting through hundreds of meetings with investors, founders will be able to receive instant feedback through AI.
