Unger: Outcome-focused AI businesses will out-invest software-only competitors
Pascal Unger · $1.5M on the Line! Raising Venture Capital for the Future of Podcast Automation Software! · May 15, 2024 · at 22:25
Pascal Unger (Focal.vc) explains why he is passing on Podcast AI, arguing founder Edward Brawer should sell agency-style outcomes instead of low-priced software subscriptions.
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“I'm bullish on AI for professional services, but I'm also bullish on what I said as a thesis, right, to sell the outcome, not the software, because the more revenue you can generate as a company, the more you can invest in growth, and I think that's, unless you screw it up, a self-reinforcing mechanism, and if you don't do it, somebody else will do it, and if they get, right, five grand per month per customer, when you get 200, It's going to be very hard to compete with them over time”
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