I really dislike this sort of headline because it misses a core part of the analysis between seed-stage, versus late-stage startups.
NYT says the $27.1B represents ~50% of investments in startups ($56B in total).
But the $27.1B includes $1B for CoreWeave, $1B for Scale AI, and $6B for xAI. Elon Musk's company is an outlier IMHO, and the other two might as well be public companies soon. Certainly late stage enough not to be bellwethers for early stage VC investing.
Remove the $8B above, and AI startups got about 34% of all startup funding. Is that a lot? I don't know, but all of a sudden it sounds more reasonable.
Where's the revenue from this? Anybody can do it; there's no "moat". Most of the applications generate very little revenue per transaction. And progress is being made on doing more LLM training with less GPU work.
Solid-state batteries and solar farms seem more promising.
Potentially replacing human labour in specific niches. Like my sister recently got a prenup in the UK and the lawyers doing a bit of would you like this or that and writing some stuff charged £20k. Crying out to be replaced by AI. The moat is being the one who understands the legal technicalities.
Good [morning/afternoon/evening], I'm AvocadoPanic, CEO and co-founder of ClitoScope, a pioneering startup poised to revolutionize women's healthcare. Today, I'm excited to present ClitoScope and our vision to raise a $10 million seed round to bring our transformative app to market and address a critical yet overlooked aspect of women's health.
The Problem:
Women's healthcare has been historically under-resourced and under-researched, leaving many women without adequate tools to understand and manage their intimate health. One significant issue is 'vaginal fridgity,' a condition that affects sexual health and overall well-being. Research indicates that up to 31% of women have a clitoral urethral meatal distance (CUMD) of greater than 2.5 cm, which may contribute to this condition. Despite its prevalence, there are limited resources and tools available for women to diagnose and address this issue.
Our Solution:
ClitoScope is a groundbreaking app that leverages advanced AI and computer vision technology to empower women with the ability to privately and accurately measure their CUMD from the comfort of their own homes. With just a few simple steps, users can obtain their measurement and receive guidance on next steps, enabling them to take proactive control of their sexual health.
Key Features:
Privacy and Confidentiality:
ClitoScope ensures complete privacy and security for users' data, allowing them to access vital health information with confidence.
-Ease of Use: The app is designed for intuitive use, making it accessible to women of all tech proficiency levels.
-AI and Computer Vision: Our cutting-edge technology provides accurate measurements, ensuring reliable results that can inform better healthcare decisions.
-Market Opportunity:
The women's health market is vast and growing, with an estimated value of $50 billion by 2025. Despite this, there is a significant gap in tools and resources specifically addressing intimate health issues like 'vaginal fridgity.' ClitoScope targets this underserved segment, offering a unique solution that meets a critical need for millions of women worldwide.
Traction:
-Research and Development:We've successfully developed a working prototype of ClitoScope, validated its accuracy, and received positive feedback from initial user testing.
-Partnerships:
We're in discussions with leading women's health organizations and medical professionals to further refine our product and expand our reach.
-Community:
We've built a strong online community of women eager for solutions like ClitoScope, demonstrating significant demand and engagement.
The Ask:
We're seeking $10 million in seed funding to:
-Finalize Product Development:
Complete the development of ClitoScope, incorporating feedback from our beta users and ensuring a seamless user experience.
- *Marketing and Outreach:* Launch targeted marketing campaigns to raise awareness and drive adoption of ClitoScope.
- *Regulatory and Compliance:* Ensure ClitoScope meets all necessary regulatory standards and obtain any required certifications.
- *Team Expansion:* Grow our team with key hires in engineering, marketing, and customer support to scale our operations and deliver a world-class product.
*Vision:*
Our vision is to empower women with knowledge and tools to take control of their intimate health, driving awareness and demand for better healthcare solutions. By investing in ClitoScope, you're not just supporting an innovative product; you're contributing to a movement that will improve the quality of life for millions of women worldwide.
*Conclusion:*
Thank you for your time and consideration. We're excited about the potential of ClitoScope to transform women's healthcare and invite you to join us on this journey. Together, we can make a profound impact on women's health and well-being.
Let's transform women's healthcare with ClitoScope.
Has everyone suddenly forgotten the ability of VC to make money just . . evaporate? The list is long and the dollar number is heartbreaking.
Well, if they have, I suppose they'll be reminded forcefully by today's substantially different rate environment.
I'm not saying "AI" isn't a big deal. It is. It's got all sorts of uses. Is the state of play worth dumping this quantity of brains and dollars? Jury's out on that. But saying it's worth lots of money because people are throwing lots of money is not a winning argument.
14 comments
[ 80.0 ms ] story [ 1111 ms ] thread[1] https://cointelegraph.com/news/crypto-euphoria-as-lemonade-m...
NYT says the $27.1B represents ~50% of investments in startups ($56B in total).
But the $27.1B includes $1B for CoreWeave, $1B for Scale AI, and $6B for xAI. Elon Musk's company is an outlier IMHO, and the other two might as well be public companies soon. Certainly late stage enough not to be bellwethers for early stage VC investing.
Remove the $8B above, and AI startups got about 34% of all startup funding. Is that a lot? I don't know, but all of a sudden it sounds more reasonable.
Solid-state batteries and solar farms seem more promising.
The Problem: Women's healthcare has been historically under-resourced and under-researched, leaving many women without adequate tools to understand and manage their intimate health. One significant issue is 'vaginal fridgity,' a condition that affects sexual health and overall well-being. Research indicates that up to 31% of women have a clitoral urethral meatal distance (CUMD) of greater than 2.5 cm, which may contribute to this condition. Despite its prevalence, there are limited resources and tools available for women to diagnose and address this issue.
Our Solution: ClitoScope is a groundbreaking app that leverages advanced AI and computer vision technology to empower women with the ability to privately and accurately measure their CUMD from the comfort of their own homes. With just a few simple steps, users can obtain their measurement and receive guidance on next steps, enabling them to take proactive control of their sexual health.
Key Features: Privacy and Confidentiality: ClitoScope ensures complete privacy and security for users' data, allowing them to access vital health information with confidence. -Ease of Use: The app is designed for intuitive use, making it accessible to women of all tech proficiency levels. -AI and Computer Vision: Our cutting-edge technology provides accurate measurements, ensuring reliable results that can inform better healthcare decisions.
-Market Opportunity: The women's health market is vast and growing, with an estimated value of $50 billion by 2025. Despite this, there is a significant gap in tools and resources specifically addressing intimate health issues like 'vaginal fridgity.' ClitoScope targets this underserved segment, offering a unique solution that meets a critical need for millions of women worldwide.
Traction: -Research and Development:We've successfully developed a working prototype of ClitoScope, validated its accuracy, and received positive feedback from initial user testing. -Partnerships: We're in discussions with leading women's health organizations and medical professionals to further refine our product and expand our reach. -Community: We've built a strong online community of women eager for solutions like ClitoScope, demonstrating significant demand and engagement.
The Ask: We're seeking $10 million in seed funding to: -Finalize Product Development: Complete the development of ClitoScope, incorporating feedback from our beta users and ensuring a seamless user experience. - *Marketing and Outreach:* Launch targeted marketing campaigns to raise awareness and drive adoption of ClitoScope. - *Regulatory and Compliance:* Ensure ClitoScope meets all necessary regulatory standards and obtain any required certifications. - *Team Expansion:* Grow our team with key hires in engineering, marketing, and customer support to scale our operations and deliver a world-class product.
*Vision:* Our vision is to empower women with knowledge and tools to take control of their intimate health, driving awareness and demand for better healthcare solutions. By investing in ClitoScope, you're not just supporting an innovative product; you're contributing to a movement that will improve the quality of life for millions of women worldwide.
*Conclusion:* Thank you for your time and consideration. We're excited about the potential of ClitoScope to transform women's healthcare and invite you to join us on this journey. Together, we can make a profound impact on women's health and well-being.
Let's transform women's healthcare with ClitoScope.
Well, if they have, I suppose they'll be reminded forcefully by today's substantially different rate environment.
I'm not saying "AI" isn't a big deal. It is. It's got all sorts of uses. Is the state of play worth dumping this quantity of brains and dollars? Jury's out on that. But saying it's worth lots of money because people are throwing lots of money is not a winning argument.