b00tstrapp3r@alien.topBtoEntrepreneur•Since their are so many AI projects being built everyday, how do you approach this space as an entrepreneur? How can you make money in it?English
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11 months agoAs many others have said, identify a problem that needs to be solved.
I personally have known of a problem for many years that I’ve wanted to build a platform to solve but I just don’t have the time. Now with ChatGPT I can probably do it in a couple of weeks. But I still don’t have the time because I’m in the middle of marketing my current startup that is doing well.
In this case I would build an MVP that would solve the problem pretty quickly and then monetize it shortly after.
Identify the problem, and provide the solution.
Look at it from a different perspective. I’m the CEO and founder of a startup in an industry that I’m super passionate about, but I’m not in techstars, and I have a partner who has been funding the operation, but no real funding to really help me scale and/or pay my bills.
I feel stuck, with no end in sight, hoping to get tons of users and hopefully get a big round of funding so I can get a salary, and hopefully exit.
So just because you’re super passionate about something doesn’t mean it’s going to be great. I’m super passionate about my start up but without funding, it really doesn’t matter.
Then in the past I’ve had some successful passion projects in different industries, but they didn’t make me rich. Just successful enough to move onto the next project.
After this current startup either exits or closes shop, I plan on going back to that. Because that’s when I’m happiest.