Convince anyone of a revolution about to take place?
Being right 90% on investments — not an easy sell
When you make a breakthrough, many think that the world stops and sees it. The world does not — you see it, and you stop. Then you try to convince the world, and that might not be so easy.
Six months ago, we made a breakthrough in FinTech. Our R&D got 90% right of the prognosis on FOREX pricing right using a new AI-model utilizing a completely new approach. We used data from a public data source, from 2015 until today, and ran our AI-model with that data as backtesting. The results are staggering but when we told the world it looked like a letter from a scammer:
“Dear Sirs,
I am the Bill and Exchange(assistant) Manager of Bank of Africa
(Annex),OUGADOUGOU BURKINA-FASO. You will be suprised how I got your contact, I got it from the internet.
In my department I discovered an abandoned sum of USD$18.2 MILLION US Dollars…” (misspelling and punctuation errors — this is from a real letter).”
our pitch:
“We have created a company that aimed to develop an AI model which can predict how exchange rates change to conduct currency trading.
Our latest AI model for currency trading has shown a return of about 140% per month when tested against historical data. “
We get 140%+ returns per month. When most potential investors see our numbers, they stop and say — “if it sounds to good to be true…no thank you”. Yes — we could have profits of more than €10B next year.
We try to convince them by showing them the logical but radical new approach to how the AI-model are built, why our competence are very seldom found in teams and the results could be seen here. They agree with all that we say, every single step of the way, but the conclusion becomes too big.
The impact on the financial market, using the AI-model that does the prognosis that we have built, could make us the market leader in most currency trading in a few years time. We could become the Google of trading (like becoming a verb) — if you want to trade currency, you come to us. We need capital to be able to run this at full speed and to show that this work in real-time and could make billions in the currency market.
The outcome becomes too big, and we get the investors walking away. We have found the motherload of gold ore that is ready to be mined.
So how do you convince anyone of a revolution is going to take place? You sell…a better future.
Do we have the capital? No, we came to you for investment — we have invested our capital in this so far.
Are we using logic? Yes, only using logic.
Are we using facts? Yes, provable facts.
Are we using emotions? No, not even fuzzy logic.
Do we fit the common mold? In no way, we are misfits. Team, technology, business model…all unorthodox.
Do we need customers? No, with 20% returns you do — with 140% we do not.
What do I think is the next step for anyone with a unique idea that implies a more significant opportunity than most investors could perceive?
Walk away from the wrong investor. You are right, and you will prove them wrong. Get a sales guy on your team and reformulate what your offer is to the investor. Do not lower the price point for a quick sell — make a better offer and sell the better future.
You and your sales guy should sell the opportunity. Find a better investor.
What have we done? We just found our sales guy. Now the game has started to get the right investor for us. We are selling the best future!
