Artem Gladkikh, CEO and Founder of the online platform Signum.AI, which helps to personalize outreach mailings, said that investors have become «enjoyed» with AI and have become less willing to invest in products that use such technology.
Artem Gladkikh, CEO and Founder of the online platform Signum.AI, which helps to personalize outreach mailings, said that investors have become «enjoyed» with AI and have become less willing to invest in products that use such technology.
He announced this on his Facebook. «AI is everything. Investors are no longer affected. Little by little, we are preparing for a new round: I warm up old contacts, and in half of the cases I get answers that they no longer invest in AI. We played hard», — Gladkikh said.
In the comments to his post, he explained his opinion in more detail. According to him, there is a «return to basics», where companies that:
«Also, the spin-off value your product generates starts to play a big role. For example, data that arises in the process of using the product by users, and which can be monetized», — said CEO Signum.
In his Telegram, he said that he sees an obvious difference from last year — both in the answers and in what is «sticking» now. Hladkykh added that what «worked a year ago no longer works today». He attached a reply from one of the investors to his post.
«In the attached screenshot you can see some of the responses I received. Judging by them, the funds have already „enjoyed“ this topic. The return on investment in AI is too long, and many companies at the commercial level have begun to understand that blindly investing in AI to improve processes does not give the expected effect», — said the founder of Signum.
He added that at the moment, «AI for the sake of AI» is no longer of interest to anyone, and now it is necessary to «show applied value that solves real problems and brings measurable results».
«Today, AI has become so easy to use and so affordable that it can be implemented into a product almost out of the box». In fact, it has turned into a commodity», — says Artem Gladkykh.
In his opinion, currently the number of fundraisers who «for money promise to attract you investors through „warm intros“ and similar schemes» outweighs the number of investors themselves.
«I absolutely do not believe in this. Attracting investments is the most „warm“ communication, which cannot be fully delegated. Yes, you can automate the outreach stages, but selling „warm acquaintances“ is bullshit, in my opinion. Investors must see the personal involvement of the founder, otherwise the probability of success is close to zero», — said Artem Gladkykh.
