The Flowlie Times #50
Flowlie 14-day trial, first-time vs serial founders debate, Claude 3, and more
Welcome to The Flowlie Times. And happy Issue #50 to us!
Flowlie launches 14-day free trial
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Articles we enjoyed:
1️⃣ Wonderful data insights in first-time vs serial founders debate:
2️⃣ “World’s first major act to regulate AI passed by European lawmakers”. Here is the article summarized by AI:
EU Parliament approves pioneering AI regulation, categorizing technologies by risk levels.
Implementation is set to begin in 2025 after final checks and Council endorsement.
Aims to balance innovation with safeguarding rights, positioning EU as a global standard-setter.
Initial resistance from some EU countries like Germany and France.
Legal experts see it as a milestone but raise concerns about potential obsolescence.
3️⃣ Learn more about Claude 3: Comparison between Claude 3 and GPT-4, overview of pricing, and major improvements.
Venture announcements that caught our eye:
1️⃣ Legal tech startup DraftWise raised $20 million in a Series A round led by Index Ventures. Founded by former Palantir engineers and a lawyer from Clifford Chance, DraftWise utilizes AI to assist lawyers in drafting and negotiating contracts, distinguishing itself by leveraging law firms' historical data. This investment reflects a sustained interest in AI-driven legal tools, with other ventures like Spellbook and Robin AI also securing funding recently.
2️⃣ Prescient AI secured a $10 million Series A funding round led by Headline and CEAS Investments. Prescient AI assists eCommerce and direct-to-consumer brands in maximizing their advertising investments. With success stories like HexClad and Good American, the company plans to expand its team and further develop its platform, capitalizing on the growing demand for AI-driven marketing solutions amidst shifts in data privacy and the rise of online advertising.
Have a great week,
Mike from Flowlie