Funding is an essential part of the growth and expansion process of your startups. However, investors can offer more than just funding for your company; many highly experienced venture capitalists can provide valuable advice and guidance on business management.
Introduction
Every year, TechCrunch highlights the 200 most innovative early-stage founders from around the world to showcase at TechCrunch Disrupt in San Francisco. As part of our program, we host masterclasses with industry experts and venture investors to provide tactical advice and inspiration for these founders.
Session Four
This is the fourth session of the Startup Battlefield masterclass series covering a wide range of key topics related to building and scaling companies. In this session, David Blumberg, founder and managing partner at Blumberg Ventures, explains how early-stage startups can turn to their investors for help in problem-solving, scaling, hiring, and strategic planning.
Leveraging Investor Expertise
This special session was held in August, and we are now sharing it so that TechCrunch+ subscribers can also benefit from the Startup Battlefield session.
Phase One: Workflow Efficiency and Productivity
Given the market challenges, companies are looking for ways to conserve cash and reduce spending to keep budgets stable in 2024. For this reason, increasing workflow productivity and operational efficiency is likely to be the primary driver of adopting productive artificial intelligence. A recent study by BCG found that productive AI can drive significant improvements in workflows, processes, and internal tools – with participants using GPT-4 completing 12% of tasks on average 25% faster than the control group without GPT-4. This is where we will see the return on investment first. Let’s call it phase one.
Phase Two: Customer Experience
This is a fantastic step towards the next phase of adopting productive AI: enhancing the customer experience. These days, customers expect radical improvements – and more personalized digital experiences. They will turn to your competitor if you don’t remember who they are and anticipate their needs. Productive AI can bring personalization to your digital experiences.
Source: https://techcrunch.com/2023/11/26/battlefield-master-class-blumberg-capital/
Leave a Reply