I'm just some guy with an opinion. I worked in startups for 20 years. Startups are called exciting or thriving or good bets because a tiny few are successful and even fewer are trying to compete with established companies. Capital is pumped into lots of little ones regardless of the technology de-jour or market opportunity. They generally don't last. Statistically, if you were an AI startup from 6 years ago, you're long gone and you made out with what you could scrape together on the way out. Startups are thriving by feeding off dreams of grandeur, with very few happening upon the right combination of personality, capability and market enough to last for a decade. Is that thriving or thrashing? Don't confuse the velocity of gambling with the volume of opportunity.
I'm just some guy with an opinion. I worked in startups for 20 years. Startups are called exciting or thriving or good bets because a tiny few are successful and even fewer are trying to compete with established companies. Capital is pumped into lots of little ones regardless of the technology de-jour or market opportunity. They generally don't last. Statistically, if you were an AI startup from 6 years ago, you're long gone and you made out with what you could scrape together on the way out. Startups are thriving by feeding off dreams of grandeur, with very few happening upon the right combination of personality, capability and market enough to last for a decade. Is that thriving or thrashing? Don't confuse the velocity of gambling with the volume of opportunity.