Is it the American Dream? Or is there something else at play?
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Breaking news: The US is still the best place for startups to fundraise. In other shocking news: Grass is green. Water is wet. And wood comes from trees.
After all… In the world of startup fundraising, there’s the U.S., and then there’s… well, does it matter?
As a startup founder, you might have the best product in the world. But without cash, you probably won’t be able to accelerate its growth properly.
Unless you’re sitting on a decent chunk of money, you’ll probably need to raise funds for your startup, and that’s usually through the investment route, booking meeting after meeting to pitch investors and persuade them that their investment will generate an ROI.
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Looking at the market today — we know that AI has taken it by storm. So many companies have been erupting on a global scale, leveraging AI’s capabilities as a core part of their offering or using it to augment their offering or process.
But regardless of the availability of global opportunities, and whether we’re talking about an AI startup or an ‘On-Demand Cheese Delivery’ startup, the U.S. has been and will continue to be the best place to raise funds.
To explore this, let’s start by looking at the investment landscape of the AI space, comparing it between the U.S. and Europe.
I don’t need to explain much about the surge in AI; you don’t live under a rock. So, let’s start with a quick thought exercise instead:
Name 3 AI startups off the top of your head.
Now answer these two questions:
Where are those startups based?Who gave them the majority of their funding?
I’ll bet my lucky mousepad that if I were to statistically compile all of your answers, at least 70% would be based in the U.S. or would be mostly funded by U.S. institutions.