The success of Founder AI will determine how much capital Intently can raise. The startup has larger plans for the service, including expanding into new areas like business development. The software could potentially reduce total digital communication by preventing wasted messages. Intently plans to charge $99 per month for the tool, or more if the customer wants to use more data sources. If successful, Intently's product could stimulate more venture activity in the market.
Key takeaways:
- Startups are working to combat the slowdown in venture capital, with Intently launching a new service called Founder AI that sorts through personal data to recommend paths to investor introductions.
- Founder AI was initially built as a services business to understand what founders need and want, and was later productized with the help of AI.
- Intently, a Y Combinator-backed company, is looking to raise more capital, possibly in the $5 million to $10 million range, and plans to expand its tech to new areas like business development.
- The startup intends to charge $99 per month for the tool, or more if the customer wants to use more data sources, with the aim of reducing total digital communication by preventing wasted messages.