7 questions only successful AI startups can answer — from 0 to 1

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2024-08-29 22:00:04

📈 vs 📉 — 7 questions any #AI startup should answer if they want to survive the current Generative AI wave, according to Peter Thiel (co-founder of PayPal and Palantir; early investor in SpaceX, Meta, and LinkedIn):

Can you create breakthrough technology instead of incremental improvement? (Is your product x10 better than the current solutions? Not only +20%)

Is now the right time to start your particular business? (For AI in general, it seems pretty much it, I cannot imagine going back to 2022 without AI assistance)

Are you starting with a big share of a small market? (It’s best to start being the champion of a small but real market, rather than making up markets that don’t exist or trying to survive in a huge market full of larger competitors)

Do you have a way to just not create but deliver your product? (If you cannot scale and get to all your customers, you don’t exist. But this not necessarily means to have a server able to handle 1M connections when you only have 5 users…)