Calacanis invested $500K for 10 percent in a ChatGPT wrapper startup
Jason Calacanis · E118: AI FOMO frenzy, macro update, Fox vs Dominion, US vs China & more with Brad Gerstner · Mar 3, 2023 · at 23:26
Jason Calacanis, technology angel investor and host of All-In, discloses an investment deal made with a returning founder building on top of ChatGPT.
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“Serial founder and team that we've backed for that had an exit said, can I show you something? I said, yeah, got on the zoom, showed me a little proof of concept using chat GPT. And he said, this is my idea. This is the vertical. And I just said, okay, what do you want? He said, 500 K for 10%. I said, okay, done.”
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