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Aug 27, 2024
Product

Introducing Oracle

Today, we're excited to open early access to Oracle: an AI powered investor search engine to help founders find the right investors. Oracle learns more about your startup— reading your deck, docs, landing pages, and memos— and gives you high-signal angels/VCs that would most likely want to invest in you.

Why we built this

In the last few months, my cofounder Shriank and I have been helping many YC and A16Z-backed founders save hundreds of thousands of dollars in compliance cost by optimizing their fundraising legal structure using SAFE Plus. A cherry-on-top feature for these founders was access to the Private Capital Network (PCN): a group of angels, VCs, syndicates, and family offices looking to invest $100M+ into startups this year.

Shriank and I would spend hours with each founder, learning as much as we can about what they're building. Once we felt we had a good feel for the startup, we'd go to our PCN directory and start some intense legwork: What blog posts did XYZ Firm release recently that align with the founder's vision? This angel tweeted out their interest in the personalized healthcare space two weeks ago. Maybe they would be interested in talking to a healthcare founder?

The connections we made helped many founders fill up their fundraise. We thought the Private Capital Network was a nice-to-have extra that would help some founders, but we were surprised to see how grateful founders were to have PCN behind them.

But there was a big problem: we couldn't scale it. Because of how labor intensive it was for our team to make these matches, we had to “pick winners” that we felt most “deserved” our help and access to the Private Capital Network.

This didn't feel right. Founding is hard enough as it is. We've seen too many of our fellow founders suffer to attract venture dollars not because their idea wasn't venture-scalable, or they didn't have a product. They're just not “insiders.”

Oracle is our latest attempt at increasing the number of successful startups in the world. Oracle is scaling what we did with our Private Capital Network… to everyone.

How it works

Oracle is an AI powered investor search engine to help founders find the right investors. Oracle learns more about your startup— reading your deck, docs, landing pages, and memos— and gives you high-signal angels/VCs that would most likely want to invest in you.

If you're a healthcare AI startup, you've probably reached a dead end doing one of the following:

  1. Googled into the void: “investors in healthcare AI”, “angels healthcare startups”, or “Venture firm healthcare”
  2. Relied on recall: “I watched a podcast where Chamath Palihapatya said he thinks AI will help improve patient outcomes. But how do I get to him?”
  3. Found ten “angel/VC aggregator lists”: most are massively incomplete, many have high paywalls, and none of them know a thing about what you're building

We trained Oracle to synthesize two things:

  1. Investor data: Oracle reads more venture firm blog posts, investment portfolio data, and investor background data than any superconnector can achieve
  2. Your startup's context: talk to Oracle in natural language, drop in your decks, docs, landing pages, memos, founder backgrounds, etc.

What used to take us hours to do for one select founder now takes Oracle seconds to do for every founder.

Beyond search

You've built a great product. You've proven people want it. You've used Oracle to find the best investors to reach out to. But how do you cross the chasm and actually get the check in?

Oracle sits atop a suite of new venture products that the Seed Labs team is building.

To help you go from a shortlist of investors on Oracle to committed funds, we've launched SAFE Plus to streamline the fundraising process and save you thousands in legal fees. With SAFE Plus, investors you request to invite can commit and send funds in one simple link.

Oracle was built by founders, for founders. Build on. 🕊️

Get Early Access

Contact team@seedlabs.co to request early access.

Mohib JafriMohib Jafri
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