By: Dr. Dvorah Graeser
In our last two blog posts on AI, we covered AI and Patents 101, plus the increasingly hot AI patent wars. We talked about how important it is for you to file fast, before someone else files first – and blocks you.
As a startup, it’s inevitable that you’ll eventually look to gain more funding to continue working on all of your cool AI projects, or even grow your customer base. When you’ve maxed out all of your crowdsourcing funds, where do you turn? You’ll likely end up seeking funding from a venture capital firm (VC).
However, many entrepreneurs are unsure what VCs will ask when it comes time to pitch. With all of the resources floating around the internet, it may be hard to discern facts from fiction. Here’s a straight-forward guide to VCs, valuation, and AI. No sales pitch involved, we promise.
Let’s get down to business. So, what is it that VCs are looking for? Naturally, VCs care about your company’s valuation—and with valuation, the question of assets is on the table. A patent is an asset.
You may have heard us say in previous blogposts that VCs “love” patents. But let’s break that down. Let’s start with the word “VC” – it stands for venture capital, or venture capitalist in this case. These are the people who take a big risk and fund your startup, hoping for a big return. VC’s love patents because they are real property in a virtual world and because they have a multiplier effect. They allow your startup to “punch” above its weight, and compete with the big-time tech players.
Read more >> https://kisspatent.com/resources/ai-patents-increase-your-startups-valuationbut-how
