Would you invest in this company?
I wanted to see how good of a pitch deck I can create with ChatGPT in less than 45 mins for a startup idea I used ChatGPT to come up with.
Idea: Contract Hive, AI-powered startup that helps company manage their contracts better.
PDF: https://images.gpthacks.com/ContractHiveDeck-GPTHacks.pdf
GIF: https://images.gpthacks.com/Contract%20Hive.gif
What do you think of the deck? Would you invest in this company?
PS: I hope this is obvious but just in case, I don't intent to start this company. This is more of an experiment to see how much we can do with ChatGPT. I took a look at the PDF. It is a fair take on a pitch deck, but the underlying business must exist and be demonstrable. In other words, if it’s just a concept, you won’t get traction. Here’s my input… I think it’s very important to note here that investors generally use the following criteria roughly in order of priority when deciding how to invest: 1. Founders-experience, expertise, boldness, commmunication skills, trustworthiness, life balance, etc. 2. Market size-is the market big enough to support annual sales north of $10MM in 3 years? Is there room to compete? 3. Go to Market-is the path to the market, including product development cost and schedule, within the budget of the amount of money likely to be raised (or supported by non-dilutive contracts)? How do you know? Where is the analysis? 4. Uniqueness/Disruption/Timing and Value-is the technology and product sufficiently unique to get interest from new customers at a price they consider to be more than fair? Is it the right TIME for this product? How do you know? 5. Financials-beyond use of funds, what are the projected cash flow and income statements per the schedule for years 1 through 3? No revenue is usually a tough sell, so this needs to look really solid. How do you know? 6. Customer Interest-you need to have actual customer (or potential customer) feedback from beta tests, demonstrations, interviews, etc. Not just a few of these, but more like 25-30 of these. 7. Everything else… Yeah, very fair point in that the company needs to exist and be real. I wish I had ChatGPT when I was raising for my startup a few years ago. But, the example was a complete hypothetical and it did a pretty good job, won't you say?