Sure but you know, if you start doing AI startups when you see "AI" for the first time in 2023, you're gonna just waste your time and tons of energy.
It was super hard or close to impossible to transform AI output just doing regex. I had to do langchain and do many models of AI at the same time but turned out it was outside my little budget and ability. Too much to learn. That was an expert level task and I had only couple months of experience with AI as a user.
If I was a kid and wasted time, not much of a problem. But wasting time as an adult is a painful experience.
What's good "startup idea"? I saw many people trying grants / contests and they got nowhere.
Or if they got funding, today they're removed and are back to 9-5.
They did a fundamental mistake - they followed trends like AI and put it like a little fruit on a cake but that fruit was bigger than a cake itself.
Complete moronic attitude.
People have great ideas but their execution is as bad as it can get. Usually engineers who never sold an item.
Also people have mediocre / quite bad ideas but good execution and they get some success like $1k revenue per month...
So what's your typical plan of attack and your approach to doing this type of thing?
I don't want to get involved with angel investors and other type of people as they're not nice once they see you're burning their funds.
I burned a lot of my time and money which landed me back to typical 9-5 and doing things off time.
Now I'm thinking of emigration instead of doing another SaaS or startup.
First of all, 99% of AI startups are crap.
People see those big very successful AI startups and their founders getting rich almost overnight with their 'revolutionary' ideas, and want a slice of the cake.
They get inspired by those news headlines and start their own AI startups.
People have a misconception in the startup scene that slapping 'AI' into anything makes it a good product, and then fail 6 months after.
A good startup idea comes from actually solving a real problem people have. If the solving of that problem requires AI, then so be it, but don't force yourself into certain 'trends'.
A great way to think of a startup idea is to think of the problems that you have. What do you wish was a lot easier?
If you ask any successful startup founder why they came up with their idea, you would most likely hear that the idea came from personal experiences.
Definitely not going to say any names here as I don't want to dox myself to everyone here, but a very successful startup that I have good connections to, is an online platform for making renovations a lot easier.
That idea came to the founders because they wanted a renovation done and found it very hard to manage and orchestrate 5 different contractors at the same time.
So, they built a web platform for that and are now very, very successful.
Your idea has to be good and something that people actually want to use, but do you know what's far more imporant than the actual product in the first year or so in the startup scene?
Branding & marketing. That's where I come in and that's the reason why I have such good connections to people in this scene. I know how to do branding correctly.
You don't necessarily even need a good/working product in the first years, if your branding is on point.
For example, we can look at Theranos.
The problem they were solving --> very important
Their product --> absolute crap
Their branding --> the sole reason why people invested and trusted them for so long
If you don't know how to do branding yourself, hire someone to do it for you. It's not cheap nor easy, but for many startups, it's the only thing that's keeping their company alive.
Branding is a way to keep your startup alive for the first few years when you're still developing your product to a degree that's acceptable to sell, and for the period of when you're making your startup profitable (most startup aren't profitable in the first years).