💰 esg, ai, fundraising and finances with michal majerczak

00:00 🎙️ Michal Majerczak introduces himself and discusses his current focus on bringing AI into the ESG space.
02:22 🌍 ActAware's revenue model focuses on B2B data sales to asset management firms, leveraging AI for ESG metrics.
05:07 💰 ActAware has raised over $1 million, expects ARR between $50-100k this year, with potential for larger contracts in the future.
06:12 📊 The market for ESG data is valued at $1.5 billion and growing, with ActAware positioning itself for significant market share.
07:40 🚀 ActAware's focus in 2024 includes growth and client acquisition, with plans for a seed round in mid-2024.
08:18 🌐 ActAware's product development team is based in Poland, with key operations also in Toronto and Denver.
09:13 📈 ActAware relies on established industry relationships for client acquisition rather than traditional sales methods.
11:26 💸 ActAware's current burn rate is approximately $35,000 per month, maintaining a lean operational structure.
12:08 💼 Michal plans to start paying himself after the seed round and significant revenue generation begins.
13:29 🏦 Michal transitioned from a lucrative career on Wall Street to entrepreneurship driven by personal fulfillment and impact.
17:51 💵 Michal maintains diversified investments including real estate, crypto, stocks, and retirement savings.
20:02 🏋️ Mchal invests in health and well-being, reducing spending on alcohol while still enjoying conscious travel with family.