3 Ways Artificial Intelligence Can Raise Millions For Your Real Estate Fund?
In this video, I’m going to tell you how you can raise millions of dollars for your real estate or acquisition private equity deal using the power of artificial intelligence. If you stick around to the end, the video will make more sense. I’ll be able to show you how you can apply it to three tactics to raise more money using artificial intelligence today. As you may or may not know, OpenAI has released something called GPT-3 to the public in a way that is very easy to interface with. This allows people to input any command, and it can basically do anything, for example, formulating an argument for me to use the Regulation D 506(c) exemption as opposed to using the Regulation A crowdfunding exemption with the Securities and Exchange Commission. It would output everything you want. Using this type of technology, some people may wonder, how can this make me more money? So, I mean, there are three ways. And the first way is it’s not going to replace human beings yet. It may take who knows, it could take ten, 15, maybe 20 years for it to replace 95% of what normal jobs are doing, like what securities lawyers are doing currently. And then they would have to change what they’re doing. But what you can do, it can help you speed up how fast you create your private equity fund. Because, you know, to raise money in the United States or any other developed country, such as Canada, you need to be able to properly do the paperwork and you need to be able to properly market to investors. (will artificial intelligence take over)
So when it comes to preparation, what you can do right now is use it to create documents such as subscription agreements and private placement memorandums. Let’s put an example test on the screen and see what it generates. What it can do is help you organize your thoughts and information. You can send it information on how you want your deal to be summarized, and it can create a term sheet by saying ‘write this in bullet form’ or ‘create this as a term sheet’ or ‘create this as a summary.’ So if you’re in the drafting phase of your private placement memorandum or subscription agreement, which are the documents that people need to sell their deal to investors, it can help speed up the process. I’m pretty sure that lawyers, consultants, and platforms are going to be using this to speed up their work. And the second way that this is going to help you raise more money is when you’re actually sending emails to investors. It will definitely help you prepare your pitch deck more effectively. So again, AI is not really good at creating new pitch decks from scratch, but there are several companies that are actually doing this and helping people create pitch decks automatically using one-word commands. (will artificial intelligence take over)
But when you’re formulating, creating your idea and summarizing your points, for example, if you were to take your LinkedIn, your resume and then tell AI to summarize this in a persuasive way, or tell it to turn this into 20 bullet points, or take an audio clip of a pitch that you did, you’re able to transcribe the audio using another tool and then send it to Open.AI and you’ll be able to summarize the key points or summarize the management team’s experience highlighting the most effective points of difference, something like that. So, basically, it’s like an assistance that you can use to draft and improve your English. It’s going to save you more time as you work on that. And the third thing is when you’re doing marketing to investors. So when people are actually sending emails to investors, obviously doing it compliantly and legally you can actually have ways of creating your sales message to investors. And this can be a test run. And again, the third time is not really the best idea to use it blindly, but take basically your ideas, take the summary, take all the information of your ideas and then send it to the AI and tell it to summarize the key points in a persuasive way, in a bold way, and then test it after you review it, fix the mistakes, and after you test it, it can help you draft your emails much faster. And so jobs like copywriting, salespeople, and marketers are going to be under threat. (will artificial intelligence take over)
So then you can definitely use this as your opportunity to remove some of the labor in drafting things up. When it comes to the sales message and when you go to investors, you can actually test subject lines and emails, you can test scripts in calls like ‘write me a ten,’ ‘write me a quick call script for a two-minute call,’ or ‘make an example conversation between an investor that’s skeptical and a salesperson that is aggressive,’ and you can start to test and see different scenarios that could play out. And you can use it as a way to test things. And obviously, this is like the iPhone version one. It’s going to have some problems. But when you look out ten, five years later, it’s going to definitely replace a lot of what you’re doing that is ineffective. And so how do you actually get it together and how do you actually make money with this? Well, the way to make money with this is to make sure that you use it to save money. So if you pay people hundreds of thousands of dollars or tens of thousands of dollars to do things that have already been drafted, you’re going to waste a lot of money. So you want to make sure that you draft as much as you can compliantly and legally, of course, and then go to lawyers after or get approval after and validate after. Because what most people do, they validate their deal before they get the traction. (will artificial intelligence take over)