AI Startup Founder Charges $100 for Investor Meetings Amid Funding Craze
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Dan Siroker, founder of AI startup Rewind, is charging investors $100 to book meetings with him due to high demand.
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The VC funding environment is extremely polarized - some AI startups are seeing insane valuations and interest, while many other startups are struggling to raise money.
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Siroker sees charging for meetings as a way to make sure investors are serious, as well as filter out ones with big egos who think entrepreneurs should "kiss their ring."
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The divide between haves and have-nots in the startup world is growing - many startups are running out of cash, while some AI startups are raising new rounds at rapidly increasing valuations.
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By Friday, Siroker had collected $900 from 9 investors willing to pay $100 to meet with him about Rewind. He plans to donate the money to charity.