💡 Foundable is a web/mobile SaaS product that accelerates and automates the launch of new startups. The company is leveraging machine learning to build dashboards that simplify vital branding, market analysis, customer profiles, and investor CRM for early-stage companies.
Investment Premise
Launching a business or product can be a highly arduous process. AI is already reading, writing, composing music, creating art, carrying conversations, and championing chess games. On average, the current startup idea-to-launch timeline is a 6-month+ journey. Due to admin distractions, business operators spend only 32% of their time growing the business. As a result, millions of ideas never see the light of day because the entrepreneur a) doesn’t know where to start, b) has the confidence to take the next step, or c) becomes burnt out from the initial time sunk of idea diligence.
Solo founders often lack the skills needed for either engineering or business development and therefore seek out complementary co-founders. Just through the YC co-founder matching program, over 3k solo founders are looking for a co-founder. There are 472M founders globally, and one-third of Americans have a side hustle, whether tech-focused or not, who experience difficulties managing and balancing the aspects of the business model canvas, let alone monitoring it as the business continues to grow. Softwase has increased the speed of spinning up a business but has failed at validating business ideas and tracking market dynamics. Until now, this has been impossible.
Foundable is leveraging GPT-3 to build an AI-based co-founder with a customizable personality. Not only does their AI build out a dashboard, but it also continues to monitor changes within market dynamics. As a result, it is not just a fact-gathering co-founder that doesn’t get tired but offers strategic insights with maniacal attention to detail.
Zak Dziczkowski, a 5-time founder, started Foundable to solve the recurrent problems he has dealt with as a founder. Zak is a principled operator and builder with 15+ years of engineering experience building and launching products. His unique insight and vision that the future of founding companies will be scalable with AI that can provide MBA-level research and strategy at a fraction of the time and cost.
Redbud VC is an early-stage venture capital fund and studio investing monetary and social capital in early-stage tech founders.
Reach out to Brett Calhoun, Managing Director & GP at Redbud VC, at brett@redbud.vc to learn about Redbud, and subscribe to our newsletter here.
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