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How to Raise Funding: AI-Powered Concierge: Investment Insights and Breakthroughs | Episode 31
Published 1 year, 8 months ago
Description
On this episode of Investor Connect, Hall welcomes David, the Vice President of Investments at Glidey Planet. Based in London, Glidey Planet is a company focused on enhancing its AI-based concierge service. The system allows users to book various services, from private jets to flowers, through a simple app interface. The company is looking to raise $10 million to scale its AI system from 1.4 million to 10 million active users. Currently, Glidey Planet has one corporate client with 1.4 million active users and is seeking to expand its capabilities further with this new investment round. David, who has been with the company since its inception in 2018, discusses the challenges of developing their AI system in-house, and highlights the benefits such as higher profit margins due to the elimination of middlemen. He explains that the AI system can charge the client's account directly, making the process seamless and efficient. David also points out that Glidey Planet faces no current competition in the AI concierge system market, which has primarily relied on traditional travel agents. Hall and David touch on the services offered by TEN Capital, emphasizing how the platform connects startups with a wide range of investors, from angel investors to VC firms and family offices. TEN Capital operates a unique retainer model rather than charging a success fee, allowing them to work with a broader network without the restrictions imposed by brokerage models. Hall highlights the importance of building relationships with investors, particularly through a mix of online and in-person meetings. David also asks about the flexibility of TEN Capital's in-person meetings, expressing his preference for virtual engagements due to his frequent travel schedule. Hall reassures him that while in-person meetings are beneficial, all stages of their program can be conducted online. They conclude with Hall promising to send a campaign proposal that details the services and past successes of TEN Capital, while also discussing the upcoming fee increase in January. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let’s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: Check out our other podcasts here: For Investors check out: For Startups check out: For eGuides check out: For upcoming Events, check out For Feedback please contact info@tencapital.group Please , share, and leave a review. Music courtesy of .