See Smartcar's seed pitch deck that convinced Andreessen to invest - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

This pitch deck convinced Andreessen Horowitz to invest in unusual autonomous driving technology. See why the legendary firm led Smartcar's $2 million seed round.

autonomous driving startups

, and Elon Musk's Tesla continues to surprise investors on Wall Street with sweeping proclamations about the driverless future. Many startups sold the dream of a future resembling the Jetsons back in 2014. Smartcar wasn't one of them. The developer-focused startup builds software that allows developers to build applications on top of car computer systems, otherwise known as an API. The pitch goes, once autonomous vehicles reach critical mass with drivers, they will look for apps and games to stay entertained during their commutes.

The problem was, according to Smartcar cofounders and brothers Sahas and Sanketh Katta, that each car maker had a different software stack, meaning those developers would have to create entirely separate application for each brand. On top of that, some software varies within brands between the different car models. It was an overly complex system that, they believed, would hinder overall adoption of fully autonomous vehicles.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FloQast CEO Mike Whitmire has some unusual advice for pitch decks - Business InsiderThis LA founder just raised $40 million for his startup. Here's his unconventional advice to founders on putting together a pitch deck.
Source: BusinessInsider - 🏆 729. / 51 Read more »

5 smart pieces of investing advice financial planners will tell you for free - Business InsiderWhile you have to assume some level of risk with any stock market investment, you don't have to put everything on the line to be successful. I am 100% on the opposite side of any article that tells people it’s OK to sit thru occurrences like the bursting of the tech bubble & the financial crisis
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Chatbots in Insurance Playbook – Business Insider Intelligence - Business Insider[NEW REPORT] The Chatbots in Insurance Playbook: BIIntelligence uses a proprietary transformation maturity scale to allow firms measure the maturity of their chatbot deployments
Source: BusinessInsider - 🏆 729. / 51 Read more »

Next stock market crash: Mark Yusko sees 40-60% sell-off, lost decade - Business Insider'We're definitely in a bubble': A hedge-fund chief overseeing $2 billion explains why he sees a 40-60% crash looming — and a lost decade ahead for stocks Because the CRASH IS INETABLE. END OF CICZlE When you have PHD YOU KNOW!!!!!!!! Row!!!! peggymel2001 Wouldn’t it be nice to see all those silver tails lining up for the dole. The crash is coming!
Source: BusinessInsider - 🏆 729. / 51 Read more »

YouTube's Dude Perfect business: TikTok, touring, and trick shots - Business InsiderDude Perfect member Coby Cotton shared how the group has stayed relevant throughout the years by switching up their style of content. CC PFTCommenter PardonMyTake not enough to live in NYC
Source: BusinessInsider - 🏆 729. / 51 Read more »