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Stating the Obvious
Journalists and readers love scoops. But sometimes it’s essential to acknowledge the obvious. This week, I’m reminded that democracies are fragile but that technology can help. And also, crowdfunding isn’t always the best way to launch an innovative product.
On a side note, this newsletter will be taking a break until January 6 next year, so wishing you all happy holidays.
Why Agentic Tech?
When I read that a new venture capital firm, ex ante, was investing in companies focused on agentic tech, I couldn’t help but wonder: what’s the hype about?
Agentic tech refers to technologies that enable humans to interact with artificial intelligence systems more seamlessly. This includes voice assistants, chatbots, and even robots that can understand human emotions.
According to a report by ResearchAndMarkets.com, the global agentic AI market is expected to grow from $4.8 billion in 2023 to $17.2 billion by 2030, at a CAGR of 22%.
But what’s driving this growth? One reason is that companies are looking for ways to improve customer experience and increase efficiency.
Revolve: Rethinking the Go-to-Market Strategy
Revolve, a Startup Battlefield 2023 alum, came up with an innovative travel wheelchair. The startup canceled its Kickstarter campaign after raising €39,293, realizing it wasn’t enough.
Andrea Baldereschia, a go-to-market expert who advised Revolve on its crowdfunding strategy, remains bullish about this approach. However, he sees why it didn’t work for Revolve; a niche hardware product at a high price is challenging to sell.
Revolve’s founder, Andrea Mocellin, is now pursuing a more collaborative approach. He’s looking for licensing partners and forward-thinking companies to acquire the technology.
A New Approach
Mocellin’s vision is to create a lasting impact by fostering inclusivity and reaching a broad user base. His team is working on developing a global innovation that can serve a large number of users and businesses.
While Revolve’s decision to cancel its Kickstarter campaign might seem like a setback, it’s actually an opportunity for the startup to explore new avenues.
Related Topics
- EC AI
- EC Enterprise
- EC Market Analysis
- ex ante
- Revolve Mobility
- Startups
- TechCrunch Exchange newsletter
- The Exchange
- Venture
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Stay tuned for more updates and insights from the world of startups and markets!
This post was updated on December 18, 2023, to add a link to Andrea Mocellin’s website.
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