But it is a great filter to whom not to listen in this virtual flood of opinions and advices.
I've personally known a few of these folks at this point and yeah they don't actually even understand what they're doing half the time they're just watching youtube tutorials and setting things up not caring/realizing/whatever that what they're calling an "AI Product" is actually just a bot they connected to some API that they fed a really brittle system prompt into. But everyone should be impressed by them because they managed to ~follow a youtube tutorial~ set it up! (Sorry, kind of PTSD from one in particular)
But again, one would think that venture capitalists who are throwing apparently, hundreds of millions of dollars into it, would have an eye to filter out this kind of characters.
VC is like that because many of them missed many boats of very profitable startups in 2001 thru 2010, where "stupid business trick, now with software!" was almost always an OK bet.
AI is the new dot com, which means we are at least one more bubble away from mass usefulness
Yeah, this is the most worrying part to me. Especially after many just got burned by crypto.
I think some of the "filtering" is laundered and disrupted by VCs giving money to legitimate businesses who turn around and spend it on very questionable AI products.
Add to that the recognition that all going-somewhere trains were hype trains at one point in time and it’s silly to expect the latest round of fraud and tulip-mania to teach VCs lasting lessons.
1. I’m told biotech/pharma VCs are more product versed and focused.
2. “When this product hockey sticks there won’t be time to rebrand. That’s why we have to change to Meta now. Or maybe X. Whichever has the better bespoke font.”