Investor Sarah Downey encourages a founder pitching presentation software during early COVID-19 pandemic lockdowns to expand her investor outreach.
Opinion
Downey: RealKey's AI pitch is 'snake oil' hiding a logic engine
“I'm saying that if, I agree with you, like, if they really had that, that would be something, but my intuitive sense when you said that, because I've just been steeled against this from so many pitches, is that you don't have true AI, it's not built, it's just…”
Opinion
Downey: AI and ML are today's buzzwords, much like blockchain
“I think that Those are the buzzwords today that, like, blockchain was a year ago, and that big data was a year ago.”
Insight
Downey: Consumers claim they prefer American-made goods but ultimately buy on price
“A lot of people say, buy American, you know, build in America, but then when it comes time to buy a product, like, They're gonna buy based on price, and like, you have to figure out, you have to figure out what you're willing to do around that.”
Insight
Downey: Good salespeople sell things customers don't need or that don't exist
“Part of what makes someone a good salesperson is they can sell you things that you don't need or that don't exist.”
Disclosure
Sarah Downey: DraftKings Investor Sees Passionate DFS Players Fail to Scale
“I've seen a number of pitches that are similar to this, I think because we're in Giraffe Kings and they all have this same kind of chemistry of a founder who just like, who's a player and they're a passionate player, but they're not a business person and they …”
Opinion
Downey: DraftKings or FanDuel could copy Thrive Fantasy in under a month
“My biggest takeaway was this feels like a feature that DraftKings or FanDuel can turn on in a month or less.”