Why does YC bother financing startups led by founders, if the AI can just do it? (This startup proudly remarks that it’s backed by YC)
Why does YC bother financing startups led by founders, if the AI can just do it? (This startup proudly remarks that it’s backed by YC)
https://www.paulgraham.com/growth.html
A business is web store selling coffee cups where the bottom line governs it's continuation. A startup is ambitious project where a growth rate governs it's continuation.
The end result of a business is a lemonade stand or a barber or donut shop, the end result of a startup is OpenAI or Google.
a startup makes money selling the startup
That's a bit disingenuous. The more comparable end result for a coffee shop is Starbucks. Or Amazon if you want to talk about books
In fact even the name YC is YCombinator, which in programming is a "function that produces functions" and YC is supposed to be a startup that produces startups. Here Starbucks (Umbrella) is a startup that produces coffee shops (Starbucks).
You can define startup or business however you like it's not a legally protected term. Just around these parts that's what it means and I personally find the distinction useful when reasoning about what does and doesn't have high growth potential.
I enjoy them a lot
The only niche where that doesn’t work is capital investments. I can’t have an agent that provides me housing, but your agent can run your slumlord business.