Why haven't you founded an AI startup yet?

Question

From the looks of it it seems like a huge gold rush, and for many in the space it doesn't seem that you need a lot of technical skills; a lot of startups are just an API and marketing built on top of ChatGPT.The risks are small but the rewards are huge. Why haven't you dipped your toes into the space yet?

anigbrowl · Accepted Answer

- Not a business person- As you say, it's all built on a single product, so rugpulls are a real risk- Not attracted to marketing-driven companies where you try to get a large number of users onboard and figure out a business plan later

version_five · Answer

If you go all in on a trend like this and take VC money, you don't really work for yourself, but still have all the downside of your own company. The way to capitalize, for those positioned to take advantage, is to work for somebody else.
When I looked at what it took to get VC money, it seemed less appealing and more constraining than getting a job. Bootstrapping always makes sense, buy you can capitalize on money flowing into a trend in the same way, you actually need something people will buy.
All this is exacerbated by the current hype cycle.

jschveibinz · Answer

Just like the gold rush, the ones making the real money will be selling shovels and pickaxes.So, OpenAI is likely going to make the real money.

adyashakti · Answer

i have: https://gnow.ly

Why haven't you founded an AI startup yet?

- Not a business person
- As you say, it's all built on a single product, so rugpulls are a real risk
- Not attracted to marketing-driven companies where you try to get a large number of users onboard and figure out a business plan later

Just like the gold rush, the ones making the real money will be selling shovels and pickaxes.
So, OpenAI is likely going to make the real money.

i have: https://gnow.ly