Failure Rates for Tech Startups are Too High - Here's the Fix!
Step aside venture studios and incubators, the future's an AI VentureFactory to soothe the crazy crap-shoot that is tech startups.
Failure rates for tech startups are way too high. Even the most sophisticated investors only expect to get 1 genuine success in 10. That’s 9 down the crapper every time. Apparently burn out in California is not for firefighters alone.
The latest AI wheeze is an entire venture factory (is that a thing?) using the next big trend in AI called hybrid-AI. Which is, presumably, AI + other tech + peeps = venture success rates of 1 in 5 rather than 1 in 10. Is it goodbye to old style venture studios and incubators?
LettsGroup (our mothership) thinks so. Its AI-driven VentureFactory helps startups, scale-ups, venture capitalists and corporate venture firms build tech-driven ventures with better success rates and financial returns. LettsGroup might just be onto something with its approach to venture building that addresses the high failure rates and inconsistent returns typical in the startup ecosystem.
They call it "startup intelligence".
Was it dumb before? I guess it’s like plumbers who tell you how crap the plumbing is back at their home.
Already used by its own branded ventures, this AI VentureFactory is now available to co-pilot other technology-driven startups, scale-ups, venture capital firms and corporate venture groups. It has been initially launched in limited release to select 3rd party ventures. So don’t hang around if you’re interested - jog over to LettsGroup.
Apparently, at the core of LettsGroup's success is their proprietary Innov@te™ methodology, which uses a customer-centric approach to ensure ventures are closely aligned with market needs. This systematic approach, combined with a seven-stage venture-building process, helps ventures progress from idea to exit while minimising risks and costs. With 49 steps and hundreds of sub-steps, the process covers every detail of venture development, significantly improving the chances of success.
Additionally, the AI VentureFactory incorporates AI tools and automation to enhance every phase of venture building, from product development to market scaling. By using AI, LettsGroup reduces costs, accelerates growth, and increases the quality of ventures built.
Imagine all the wasted entrepreneurs, investors, crypto and gas guzzling computers we could save if the failure rate for tech ventures halved? Instead we could go out and build eco safari parks with LettsSafari.
This platform supports entrepreneurs and investors by providing a structured, repeatable system that’s already proven effective across industries like software (Cloud and SaaS), fintech, mediatech, and climate tech. LettsGroup's AI VentureFactory and its supporting programme, powered by a suite of apps, templates and tools also accelerates innovation financing.
In addition, we can all now use their new AI chatbot for entrepreneurs and investors, designed to assist with everything from idea validation to financial planning. This startup intelligence tool leverages LettsGroup's extensive venture experience, offering real-time insights and tailored advice. And most importantly its free! Which given the failure rate for entrepreneurs looks like it’s banging.
Tech Startups are Shrinking!
LettsGroup’s AI VentureFactory goes further (meaning its not free) enabling startups to scale efficiently, while also providing corporate venture firms and VCs with a more reliable path to higher returns. Its integration of hybrid AI (the AI part), combined with its deep industry expertise (the peeps part), could make LettsGroup a next gen leader in venture innovation, financing and startup intelligence.
And this new tech thing to save future tech things could be a fascinating co-pilot and partner for those looking to navigate the complexities of building successful ventures in today's fast-paced market.
Most importantly, if this means we get a few less e-shots from Seedrs, Y-Combinator or WeFunder then I’m in. Perhaps instead we could turn our attention to solving the climate thing and stopping a couple of wars rather than chucking our money at yet another Twitter or Insta or crazy carbon cleaning shiz. Oh, wait…
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