Alp on Nostr: I have been noticing a certain trend towards 'easy business' for several months/years ...
I have been noticing a certain trend towards 'easy business' for several months/years now, fueled and supported by AI. People who do not have what it takes to bring a good product to market suddenly feel empowered by the cheap availability of various AI tools and generators to enter any business they have no knowledge of.
Let me stick to an example from my industry, web and web app development. AI has no chance to tell you whether and how successful something can become and what is needed for that. The experience required is rare knowledge. AI is fed by everything that is available online, and believe it or not, not everything is online. And humans mostly learn by trial and error.
Not every one of the 9 out of 10 experiences that have failed has been sufficiently documented by an entrepreneur. Not every real success recipe is documented online in clear form; many keep the crucial success factor as secret as the Coca-Cola recipe. Or they are often surprised themselves and had no idea how something could become successful. So what should an AI, or better yet, an LLM, know about that?
When I ask an AI today which business has the best chances of success, I only get general nonsense in return. Nonsense that one has read somewhere before, written by an online editor intern in an e-commerce blog that served only SEO purposes.
However, if you have spent decades in the startup and VC scene, you have experienced what really worked, under what effort, and for how long. And that AI is a poor advisor in this regard. And somehow it is reassuring that the world has not really changed despite AI, and that suddenly charlatans have become wunderkinds through AI. It will still take a long time before AI becomes more than just a better translator or aggregator.
Let me stick to an example from my industry, web and web app development. AI has no chance to tell you whether and how successful something can become and what is needed for that. The experience required is rare knowledge. AI is fed by everything that is available online, and believe it or not, not everything is online. And humans mostly learn by trial and error.
Not every one of the 9 out of 10 experiences that have failed has been sufficiently documented by an entrepreneur. Not every real success recipe is documented online in clear form; many keep the crucial success factor as secret as the Coca-Cola recipe. Or they are often surprised themselves and had no idea how something could become successful. So what should an AI, or better yet, an LLM, know about that?
When I ask an AI today which business has the best chances of success, I only get general nonsense in return. Nonsense that one has read somewhere before, written by an online editor intern in an e-commerce blog that served only SEO purposes.
However, if you have spent decades in the startup and VC scene, you have experienced what really worked, under what effort, and for how long. And that AI is a poor advisor in this regard. And somehow it is reassuring that the world has not really changed despite AI, and that suddenly charlatans have become wunderkinds through AI. It will still take a long time before AI becomes more than just a better translator or aggregator.