Use ChatGPT As A Fundraise Assistant
Use this FREE AI tool to supercharge your fundraise
Hello there,
The past few weeks, the launch of ChatGPT has shook the internet.
What is Chat GPT?
Imagine if Google was smarter, and it could chat like a person. It’s quite impressive 🤯
Think of ChatGPT as an AI that you can converse with. A bit of a digital assistant that can do basic intellectual tasks. The beauty of this tool is that you can give it complex parameters to work with, as opposed to Google where it’s one short sentence at best.
With ChatGPT you can give a whole paragraph as a prompt and it will consider the inputs holistically. You can ask questions, give it errands. It is quite smart, as it can do some intellectual work e.g., write emails, code, translate excel formulas from text to formula, compose emails, the list is endless. However, it isn’t always right so best to fact check. It is best used as a “strong first draft”
Before we continue, check it out for yourself 👇🏽
Click HERE, create an account, and play around with it!
Note: sometimes it is at capacity because so many people are trying to use it. try again some other time when there isn’t as much traffic.
Well we’ve done the work so you don’t have to. Here are a few ways to use chat GPT to supercharge your fundraise and prompts you can work with to use it to work for you.
ChatGPT is completely FREE (for now), there are talks that a paid version is in the works.
Compose Investor Newsletters
Prompt to GPT3: Assume you're a pre-seed startup that is a digital retail pharmacy who has been operating for the past 12 months. You have investors who are operators, angels, and VC funds. Compose a 700 word investor newsletter wishing investors a happy new year, sharing key achievements for last year and goals for the new year 2023. Speak about the current market climate. End with a positive outlook even amidst the current macro trends, and include your Calendly at the end if they'd like to get in touch.
Chat GPT3’s response:
Carry Out Market Research
Prompt to GPT3: Write a short deal memo for a pre-seed online pharmacy in Africa covering market size and outlook, ideal team competencies for such a startup, details on what the MVP should have validated, and risks the startup is likely to face
Generate Social Media Content
Prompt to Chat GPT3: You're an early stage African startup building a healthcare marketplace for therapists called HealthBuddy. Generate 10 tweets about the importance of therapy and how HealthBuddy can help
Compose Emails: Email to a potential investor
Prompt to Chat GPT3: You're an early stage African startup building a healthcare marketplace for therapists, write an email to a potential angel investor who invests in the health tech industry introducing your startup. Your startup's name is HealthBuddy. In the email, explain the potential for your startup, the problem it solves and why it is the future. Include a link to your deck, your Linkedin profile, and also ask for a brief conversation to tell them more. Keep it short and brief
Compose Emails: Email when an investor says no
Prompt to Chat GPT3: An investor has just passed on your early stage fintech startup in Africa citing the risk of too much funded competition in the market. Compose a polite email thanking the investor, unwavering in your conviction and ask if they’d like to be included in your newsletter to stay updated.
Isn’t it cool? I hope this helps!
If you missed the last newsletter, don’t forget to access your FREE List of 100+ Pre-Seed/Seed Investors Investing In Africa (we are constantly updating this list, so do keep it bookmarked on your tabs)
…and if you haven’t yet seen the ideal pre-seed fundraising checklist, check it out here.
Have a lovely weekend, and till next time.
P.s share this with someone you know will appreciate this.
Maria