Re:My personal story on the unethical behaviors of a Silicon...
by londons_explore on Friday March 17, 2017 @03:08PM
(#13896979)
I consider an AI startup to actually be one of the lowest risk kinds of startup.
Your costs are your time for 6 months making a product, and a few thousand dollars worth of AWS credits or GPU's.
That's it - you don't need a big team, special agreements, risk of warehouses/products. You don't need to run a loss-leading service to attract users or pay marketing costs.
As soon as you find the first user for your tech, the signing of that first agreement will immediately make you cashflow positive.
It's the ideal startup, and one of the few types of startup I would recommend self-funding entirely.
Your costs are your time for 6 months making a product, and a few thousand dollars worth of AWS credits or GPU's.
That's it - you don't need a big team, special agreements, risk of warehouses/products. You don't need to run a loss-leading service to attract users or pay marketing costs.
As soon as you find the first user for your tech, the signing of that first agreement will immediately make you cashflow positive.
It's the ideal startup, and one of the few types of startup I would recommend self-funding entirely.