Entrepreneur / Founder / Early Team (AI2 Incubator)
Company: The Allen Institute for Artificial Intelligence
Location: Seattle
Posted on: May 26, 2023
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Job Description:
NOTE: PLEASE APPLY ANYTIME! WE DO NOT HAVE DEADLINES OR COHORTS.
WE ALSO WORK WITH TEAMS, NOT JUST SOLO EIRs.
Few periods in history have been more exciting to start a company
than now. It's time to bet on yourself and control your own
destiny. Let's invent the future, together!
WHAT WE DO:
The AI2 Incubator partners with entrepreneurs like you that use
revolutionary AI models to create products that people love.
Typically these are brand new companies that we co-found together
with you, but can also include our backing/support of an existing
pre-seed company. In most cases, we invest about $600,000 in
pre-seed capital over the course of about a year (in addition to
-$200,000 in cloud credits), and pour our hearts and souls into
helping you with every aspect of getting a new business off the
ground.
THE GOAL:
You will become the founder of a startup and we will help you build
your vision, extensively augmented with our own experience and with
customer feedback. All of our support is designed to help you
achieve three critical things in the first year (or
sooner):
Create/position the best product
Build the best team possible
Raise millions of dollars in venture funding to scale
WHO WE HELP:
(Learn more at )
We've now helped dozens of entrepreneurs succeed, who hail from all
different backgrounds, and we can almost certainly help you as
well. Both first time founders and experienced entrepreneurs alike
are encouraged to reach out to us. That said, there are four types
of entrepreneurs that most commonly succeed here:
AI Researchers
Has a background in A.I. research and feels a calling/desire to
commercialize their work, or the work of others in their related
field.
Is interested in the startup career path, as an alternative to
BigCo or academia.
Software Engineers
Works for top tech companies like Google, Amazon, Facebook,
Microsoft, Apple, Uber, etc.
Or, works for a deep tech startup, and is ready to be the founder
themselves.
Or, is a senior, principal, or distinguished engineer.
Or more junior engineers who have been rapidly promoted in the last
few years as a sign of strong technical skills.
Scientists (Life, Bio, Physical, Health, Climate, Etc.)
Has a background in life science, medicine, physical science, or
engineering and feels a calling/desire to commercialize their work,
or the work of others in their related field.
Product Leaders (Business, Design, PM, TPM, Etc.)
Has the wherewithal to go from zero to something.
Has clear leadership qualities, product vision, and the magnetism
to attract talent.
Experience taking an idea and turning it into a product that people
love.
Small Existing Teams/Startups
In addition to working with individual founders, we also work with
small teams that may already have an early product/prototype and
even a pilot customer. It is absolutely fantastic to have a bit of
momentum. But you are still in the 1st or 2nd inning of a 75-inning
game and it's still a long way until you achieve success. We can
still be very helpful. Note: If you have a team, you can submit
just one application for one person in the group. Just mention in
your comments below that you are part of a team.
HOW WE HELP:
(Learn more at )
As your cofounder, we are with you every step of the way-from your
initial idea, to your Series A, and beyond. Below is a typical
timeline, but please know that not every entrepreneur needs to go
through every phase. Each founder's journey with us is unique and
can range from 4 to 18 months.
Day 0-90: Validation
The first three months are about validating your idea and testing
it with your market.
Up To $90,000 Investment on Day #1
UX/UI Mockups of your MVP
Customer Discovery Research Support
Day 90-270: Development
Once you have confidence in what to build, now it's time to get
serious.
Co-founder Matching
Up to $500,000 Pre-Seed Investment
Up to $450,000 Cloud Credits
Access to Stability/OpenAI Models
Foundation Model Credits
In-House Shared GPUs
Access to AI2 Incubator FM Stack
Applied AI Product Development Support
Access to AI Researchers
Significant Recruiting Help
Access to AI Talks, Knowledge Sharing
Product Strategy Guidance
UX/UI Product Design Support
Potential Pilot Customer Intros
Private AI Founder Community Access
Corporate Counsel Intros
Visas & Immigration Support
Coworking Desks in Seattle
Day 270-360: Fundraising
Great products need an engine around them to scale properly and
that engine needs capital.
Business Model & Market Strategy Guidance
Intellectual Property Strategy Guidance
Seed Fundraising Process Execution
Pitch Deck Design/Storytelling Help
Pitch Deck Presentation Practice
Endorsement & Credibility (w/ Investors)
SUCCESS/TRACTION TO DATE:
(Learn more at )
In just a few short years, we have now helped to create 20 startups
that have raised $150M+ in funding. This small group has now
achieved a collective valuation of $625M+ and counting, with 5
companies raising Series A and counting (a remarkably high breakout
rate). Further, these startups have now created over 500+ jobs, and
at least two have exited. Read more about some of our track record
here:
OUR UNIQUE ADVANTAGES:
(Learn more at )
1) Strategic Relationship with AI2: The Allen Institute for AI
(AI2)-the birthplace of the AI2 Incubator-is a world-renowned
institute that conducts research in key areas of AI: language,
vision, machine learning, and commonsense reasoning. Annually, AI2
receives $100 million dollars in funding from the Paul Allen estate
and other major donors. Known as inventors of seminal works in the
field of artificial intelligence such as Yolo and ELMo, AI2 is a
magnet for top technical talent, with 10,000+ people from around
the world applying for jobs at AI2 each year. We are proud of our
strategic relationship with AI2 that allows us to lean into the
expertise of 200+ researchers, engineers, professors, and staff who
have collectively published nearly 1,000+ research papers at
premier AI conferences, with 30+ best paper awards. Further, the
AI2 Incubator's Technical Director Oren Etzioni founded and led AI2
as CEO for 9 years. Vu Ha was a founding member of AI2 and led the
development of Semantic Scholar from an idea to its public launch.
And more.
2) Private Community of AI-First Founders: We have a vibrant group
of dozens of active founders and successful alumni in our
community. We gather together on a regular basis in our office, our
Slack workspace, and at events that we host on a monthly basis.
These amazing people may become your coaches, friends,
knowledge-sharing partners, and more, all working together to help
each other succeed.
3) Applied Foundation Models Expertise: Large-scale foundation
models such as GPT-3 and DALL-E have taken the world of AI by
storm. Previous AI tasks-from text categorization to object
detection-can now be accomplished with much less curated labeled
data. This is huge for many companies building AI solutions using
prior technologies. However, the new and even more exciting
frontier is the exploration of using foundation models to generate
things from email prose to software code, from design artifacts to
visual arts. Companies such as Hugging Face and Stability AI
continue to make steady progress making foundation models easily
accessible, and the cost of training and running these types of
models continues to decrease rapidly. We have a ton of experience
in turning these important technological advances into impactful
products and companies.
4) And Much More: Once you have capital and early customer usage,
now it's time to scale your business. But there are lots of ways to
do this, and each has its own pros and cons: Expand your customer
base? Expand your product offering? Expand your geographical reach?
Expand your team? How do you prioritize? How do you know if you're
making the right decisions? We've been there multiple times and we
can help you work through them to success. Who knows what the
future will hold for your startup, or for the world of AI. Perhaps
it will fulfill its promise and usher in a new era of prosperity
and enlightenment, or maybe it will just usher in a new era of
low-quality cat videos. Only time will tell. Regardless, you will
face many challenges. But whatever they are, we'll tackle them
together. We're your cofounder, every step of the way.
DIVERSITY:
At the AI2 Incubator, we are committed to fostering a diverse,
inclusive environment and to encourage these values in our wider
entrepreneurship community. We provide an environment of mutual
respect where equal entrepreneurial support opportunities are
available to all founders without regard to race, color, religion,
sex, pregnancy (including childbirth, lactation and related medical
conditions), national origin, age, physical and mental disability,
marital status, sexual orientation, gender identity, gender
expression, genetic information (including characteristics and
testing), military and veteran status, and any other characteristic
protected by applicable law. We believe that diversity and
inclusion among our founders is critical to the success of our
incubator and our spin-outs, and we seek to recruit, develop and
retain the most talented people from a diverse candidate pool.
Invitation to our incubator program is decided purely on the basis
of qualifications, merit, and business need.
READY TO GET STARTED?
Please complete the form below! If you'd like to check out open
roles at our startups as well, you can see those and apply
here:
Important note: If you have a team, you can submit just one
application for one person in the group. Just mention in your
comments below that you are part of a team.
PRIVACY NOTICE & DISCLAIMER
This job post is managed by The Allen Institute for Artificial
Intelligence (AI2). AI2's job posts may include open roles for
third parties, where applications are coordinated with the hiring
party. By submitting your application, you hereby consent to AI2
processing your information as described in its . You further
consent to AI2's disclosure of your information and application
materials to AI2 Incubator Inc. or AI2 Incubator startup
companies.
Keywords: The Allen Institute for Artificial Intelligence, Seattle , Entrepreneur / Founder / Early Team (AI2 Incubator), Other , Seattle, Washington
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