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Don’t Sleep on Consumer Tech: AI is Changing Everything

VC Cafe

Mention that you do “Consumer tech” as a startup founder and you’d be limiting your funding options to one third of the venture capital funds (in Israel that figure is probably closer to 10%). But change seems to be brewing in the B2C space, powered by the fast advancements in AI and generative AI.

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The ever growing Israeli Generative AI landscape April 2023

VC Cafe

* Originally published on Calcalist , April 20 2023 Since the day ChatGPT was introduced in November 2022, it has become the fastest growing consumer product, putting the words ‘generative AI’ in the mainstream. Generative AI is advancing at a breakneck speed.

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How the pre-seed round made a comeback in 2024

VC Cafe

Data by Carta (mostly US companies) reveals that although on average startups saw a 50% reduction in funding in 2023 (the impact in Israel was closer to 65%) pre-seed funding rounds rose by 51%! Therefore, software startups (it depends of course) need less money than ever before to build an MVP and get to first customers.

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Weekly #Firgun Newsletter – November 29 2024

VC Cafe

This would not be as impressive during ‘normal times’ in Israel, but the fact that we’re seeing such level of activity in the middle of a war (with most airlines halting flights to Israel), this is not trivial. AI is already making an impact on jobs (automating customer support for example) and cost reduction.

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Israel Generative AI predictions for 2024

VC Cafe

In November 2022 I published a post titled “ generative AI will go mainstream when it goes from playful to useful “, and I think you will agree that this transition is in full swing. 2023 was the year generative AI went mainstream The pace of advancement in generative AI has been astounding.

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Weekly #FIRGUN Newsletter – September 27 2024

VC Cafe

Every year, LinkedIn recognises the most in demand companies in each of the major startup hubs, but this year they failed to include Israel. After several comments, the editor said that they will add Israel and a couple of other countries next week. Daniel Roth now said that Israel will be added next week. Keep on creating!

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Weekly #Firgun Newsletter – July 19 2024

VC Cafe

The tech ecosystem is crucial for Israel’s economy. Foreign investors doubled down on Israel, participating in 93% of the rounds. Israel’s biggest exit and Google’s largest acquisition ever. billion in revenue for ‘Prime Day’ is rolling out ‘Rufus’ generative AI assistant to all U.S.

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