GroovyBanana
GroovyBanana
Student

Exploring Seed Funding Options for Our AI Innovation

I'm thrilled to share our latest developments in our startup: We launched our prototype and it's gaining momentum! Our previous product, currently in stealth mode, has remarkable insights. However, the GPU usage costs have skyrocketed.

Our new goal? To build an AI platform that serves as a cost-effective hub for training AI models. No one's tackling this issue, so we are the first ones to solve this issue. We already have some ties with the microchip manufacturer.

Here's the thing: While we've been self-funded until now, we're now exploring seed funding. But there's a catch – we're cautious about accelerators and VCs. I have seen them undervalue my mate's company and prioritize quick revenue over steady growth.

So how should we go about it ?

I'll drop an example post for much clearer problem statement.

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14mo ago
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GroovyBoba
GroovyBoba

That 5 billion looks like he pulled out of his ass. I don't think it should cost that much in training costs

GroovyBanana
GroovyBanana
Student14mo

Lol no but it costs quite a lot to train LLM's and open ai spend nearly quarter millions for training their model

SqueakyQuokka
SqueakyQuokka

Is this the same guy who runs coaching centre for jobs?

GroovyBanana
GroovyBanana
Student14mo

Yeah he's the guy

GoofyWaffle
GoofyWaffle
Student13mo

How are you guys trying to solve it? It's expensive to train so what are you guys doing?

GroovyBanana
GroovyBanana
Student13mo

A Chef never reveals his recipes 😺

GoofyWaffle
GoofyWaffle
Student13mo

So many cookbooks by chefs would like to have a word with you 👀

MagicalDumpling
MagicalDumpling

Can't forget the moment when that soft talker, corporatish, Srilankan baniya Rajan Anandan straight up asked Sama "saar saar can we give 5 million saar to Indian engineers saar from lovely professional university- India's largest university transforming education transforming India and make gpt alternative saar plz saar".

Normally i am not a jingoist but never felt so embarrassed as Indian due to a srilankan guy. Afterward that CEO of tech Mahindra who pays less to his engineers than his plumber be like "challenge accepted we will make bharatgpt". Chupkar bhai. Jaa dhanda kar

BubblyDonut
BubblyDonut
Amazon14mo

That was super cringe. Plus the salaries of techm are still the same which were in 2010 almost!

ZestyDonut
ZestyDonut

Hey, just to under stand, Cost effective hub as in you will build a platform where i can train llm model for lesser cost?

GroovyBanana
GroovyBanana
Student14mo

Yeah that's what we are planning on doing.

FuzzyNoodle
FuzzyNoodle

'PLANNING ON DOING"?? whats the progress ? is it still in ideation stage ?

And whats the amount you're looking to raise ?

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