A Data Scientist’s Approach to Raising Capital for a Startup

The network hack

Richmond Alake
The Startup

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Photo by Hunters Race on Unsplash

Nowadays, what it takes to get a company up and running is cash injections from individuals willing to take high-level risks on ideas or product prototypes.

These individuals are known as Venture Capitalists(VCs), Angel or Seed Investors. They’ve made companies such as Facebook, CRISPR, Deliveroo, UBER, Airbnb, and numerous more a reality.

So, What does it take to get a slice of a VC’s or Angel Investors’ capital?

Compelling ideas and your network are huge components, and after spending February fundraising, your network is a huge factor that determines if you raise enough funds or not.

“Your Network Is Your Net Worth.”

— Tim Sanders

I and a few others teamed up to solve postural problems using artificial intelligence. The global shift to remote working exposed inefficiencies in our work from home(WFH) setups. So we built Gonomic. A tool that leverages AI to provide posture adjustments along with ergonomic equipment recommendations.

Gonomic is the compelling idea here, but my network…well, my network is lacking. I’m connected with a handful of Machine Learning Engineers and Data Scientists. But, I need to…

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Richmond Alake
The Startup

Machine Learning Content Creator with 1M+ views— Computer Vision Engineer. Interested in gaining and sharing knowledge on Technology and Finance