Why Now Is The Best Time To Be A Solopreneur
In a widely-circulated interview with Reddit co-founder Alexis Ohanian, OpenAI CEO Sam Altman said he’s confident we’re on the cusp of seeing a billion-dollar unicorn with less than ten employees. But he didn’t stop there. He also revealed he’s got a betting pool with his tech CEO group chat predicting when a founder will reach a billion-dollar valuation without hiring anyone. This would have been unimaginable without AI, he said. “But now, it will happen.”
I’ve always been a proponent of slow, deliberate growth. As the bootstrapped solo founder of Jotform, it comes with the territory.
But between the growing power of online tools, including AI, and the increasing prevalence of contractors, there’s less reason than ever for entrepreneurs to take on a co-founder or rush into hiring. In fact, I’d argue that there’s never been a better time to be a solo founder. Here are some ways “invisible teams” are changing the way we work.
Rather than raising vast quantities of capital, solopreneurs are taking advantage of AI to do a lot of the heavy lifting for them. In fact, one study found that AI can boost business productivity by up to 40%.
