Some interesting links we found across the web this week:
The Best Strategies to Raise Capital
Raising venture capital investment for your business is a central step to growing from a young startup to a mature and profitable company. However, founders do not always give this process the attention it deserves. This article from Entrepreneur breaks down the comprehensive strategies founders can apply to the process of preparing to raise VC money for the first time.
EU Proposes Strict AI Rules, With Fines Up to 6% for Violations
The European Union, which led the world years ago in developing the first strict data privacy regime with the GDPR, is at it again, this time proposing a set of strict AI rules. This VentureBeat article details the proposed rules, including a massive fine for companies that do not comply equaling 6% of global annual revenue.
What Does it Take to Create a Startup Ecosystem?
Though a shockingly high portion of successful startups in the US come out of just a few major cities, there are a number of smaller cities across the country on the prowl to create sustainable startup ecosystems of their own. One such city is Detroit, Michigan. This TechCrunch article discusses some of the strategies billionaire Dan Gilbert is employing to grow the local startup market there.
Need an Angel Investor? Just Open Up Clubhouse
Clubhouse, the hot new audio only social media app, is traditionally used for social entertainment among its users. However, this hasn’t stopped hungry startup founders from using the app to advance their companies’ interests. This article by Wired discusses a regular chatroom on Clubhouse devoted exclusively to startups pitching their ideas to angel investors.