#66 CFOs/Finance Pros Getting Smart on AI

Hi Everyone! 👋 Welcome to the new members of @TheFundCFO crew! Appreciate you reading and sharing #65: WTF is Going On in VC (+ New Fund Model Data) & #60 Emerging VC Fund Tech Stacks, our most-read posts in 2023. Check them out!

Every Tuesday/Thursday, we bring you actionable tools, real-world experiences, and insider insights for #VC CFOs/Finance Pros and fund managers, #LP investors, and general industry enthusiasts/people who want to learn :).

“Every company will be an AI company.” -Tomasz Tunguz

CFOs/Finance Pros Getting Smart on AI

“Every startup needs an AI strategy.” This includes VC funds! We wrote about this previously and how it relates to VC GPs and CFOs/Finance Pros (#56 The AI Lucky Truck @ Chapter One & #39 AI Takeover & Impact on VC Funds).

Artificial intelligence (AI) is becoming increasingly prevalent for VC CFOs/finance pros, supercharging their powers. We are seeing AI-powered tools automate mundane and time-consuming tasks, allowing CFOs/finance pros to be more strategic.

Specifically, we are using AI tools in slide deck creation (i.e. Tome Raises $43m) and writing strategic analyses (have you heard of ChatGPT?!). We’re currently experimenting with financial modeling, accounting, and legal tools as well.

We’re building a comprehensive list. Do you have any favorite tools you’re using currently? Please drop them in the comments if so and/or reach out!

Where Can I Get Smarter on AI Tools & Actionable Next Steps?

Here are some of our favorite AI resources that we’re leaning into right now. We’ve curated a lot of the buzzy noise out there. These are resources that are tactical and action-oriented so they can help you in your daily routines. Here we go:

1. No Priors: VCs Elad Gil and Sarah Guo talk to the world's leading AI engineers, researchers, founders about big questions: How far away is AGI? What markets are at risk for disruption? How will commerce, culture, and society change?

2. DDVC: The impact of AI on the cost of starting and running a business: data-driven innovation in VC and connecting dots between research, AI, etc.

3. Zain Kahn: The Ultimate 100 AI Tools: understand what's going on in AI, in plain simple English. Leverage AI to boost productivity.

That’s all for today folks! Thanks for your support and spreading the word! Share this on Twitter or LinkedIn to help grow “the crew!”