A potential business model for the podcast summarization tool is to take a percentage of the amount raised, along with a little equity, instead of a 7% stake in the company. This approach is similar to what Ryan and other entrepreneurs do for earlier stages.
The speaker discusses their experience in raising hundreds of millions, possibly even upwards of a billion dollars, for other companies through their networking abilities, emphasizing that they do not take a percentage of capital raised.
Learn how to build a strong reputation as a connector between investors and early-stage companies in the tech industry. The founder of Launch Festival discusses his experience on this podcast episode.