RE: Convincing wealthy benefactors to back real AI research

From: Ben Goertzel (
Date: Fri Apr 27 2001 - 10:10:53 MDT

Well, Doug, if you have specific investor or partnership contacts or
specific advice that could be useful in this connection, please let me know

Of course "no way" is an overstatement, but based on my experience so far,
it seems pretty close to the truth, especially in AI, an area that nearly
all investors greet with extreme skepticism at the moment

  -----Original Message-----
  From: []On Behalf Of
  Sent: Friday, April 27, 2001 11:53 AM
  Subject: RE: Convincing wealthy benefactors to back real AI research

> In the current market, there is no WAY to raise $$ for a start-up
> with a substantial "pure R&D" function.

  I spend significant time working with startup companies in various
  industries and I would disagree that there is "no way" to raise
  money for pure R&D plays. It isn't easy. However, VC firms still
  have capital and still need to generate returns on that capital.

  Doug Bailey

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