CFOtech Australia – IWD 2024: Bridging the gender gap for women tech founders
Source: CFOtech Australia
Technology startups happen when someone has a good idea, a bunch of college graduates’ mastermind an innovation where they see a gap, or a problem needs solving in a business. Many tech startups are bootstrapped, but as I was privy to in December 2022, some are just based on an idea.
In 2022, I listened to a pitch by a man who talked about what ChatGPT could do to an audience of 30 or more investors. As he explained its ability to write, design and reimagine, the audience was frothing at the mouth. The pitcher’s aim was to raise $20 million to build solutions that complement ChatGPT and use GPT-3, which was the most updated version at that time. Days later, I asked one of the organisers, “How much did they raise?”. The Answer: We fell short. We raised US$12 million, but we still have some more follow-up to do.
Source: CFOtech Australia
