"There’s a reason we’re not seeing a “Startup Boom”
AI skeptics ask, “If AI is so good, why don’t we see a lot of new startups?” Ask any founder. Coding isn’t even close to the most challenging part of creating a startup."
-- uhhh... am I the only one seeing a startup boom??? There are a bajillion kids working on AI start ups these days.
Startups optimize for things that secure initial seed money not things that stand up on their own two feet. That is why most fail. What VCs invest in and what succeeds is not really correlated.
AI deals continued to dominate venture funding during the third quarter. AI companies raised $19 billion in Q3, according to Crunchbase data. That figure represents 28% of all venture funding.
The fourth quarter of 2024 has been no less busy for these outsized rounds. Elon Musk’s xAI raised a behemoth $6 billion round, one of seven AI funding rounds over $1 billion in 2024, in November. That’s just months after OpenAI raised its $6.6 billion round.
Yeah - it's basically like the days when everyone added "Deep" to their name to get an extra 0 on their valuation.
What do you do? Oh we do DeepCoffee brewing. It's a coffee machine powered by Deep Learning to brew the perfect cup. Keurig and Starbucks are Yahoo, and we're Google. (now people probably say those guys are google and we're openai but I digress)
-- uhhh... am I the only one seeing a startup boom??? There are a bajillion kids working on AI start ups these days.