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What if big money isn’t needed? Does AI change the amount of cash needed?
A good amount of founders have asked me, do you think it is crazy to do a seed round of $1m-$3m and never have to raise again? With the efficiencies founders are finding by building with AI from the ground up, I don’t think it’s crazy. I also think Social Leverage is a big believer in raising less, at a lower valuation, to give yourself optionality. Maintain more equity as a founder, have the right investor aligned from day 1, and then sell for a few hundred million dollars one day. The founders win, the GP returns their fund which makes their LPs happy, and everyone focuses more on winning & building their business vs. a constant need to fundraise.
Does the model work for everyone for every industry? Definitely not. But for the right founders tackling specific problems, it definitely is a reality.
I think with this new reality, there are unique opportunities for the right pre-seed & seed funds, finding the right founders that have big ideas, with big ambitions, but just don’t need big money to get there. M&A and PE exits is a clear path for most founders as not everyone needs to go public to be successful. If we believe everyone is going to be 10x more efficient if they fully leverage AI, and that’s today, things could skyrocket even further a year from now, then needing less money to get further along with revenue and product is a real reality.
Do More, Spend Less, Win Quicker!