A college student reached $64k/mo in 6 months by being an AI first mover
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Re: A college student reached $64k/mo in 6 months by being an AI first mover
#2There are several stories of companies going from $0 to >$5M ARR in just a few months with the boom in LLM-driven applications. The downside for these types of apps is that churn rates are through the roof, and will probs die when the LLM fad inevitably fizzles.
Re: A college student reached $64k/mo in 6 months by being an AI first mover
#3Somebody always wins the lottery. This doesn't mean that playing the lottery is a useful path to riches for anyone else.
Edited to add: This is not an indictment on the college student in question! Congrats to him for being prepared to seize on an opportunity and executing well.
Re: A college student reached $64k/mo in 6 months by being an AI first mover
#4There are several stories of companies going from $0 to >$5M ARR in just a few months with the boom in LLM-driven applications. The downside for these types of apps is that churn rates are through the roof, and will probs die when the LLM fad inevitably fizzles.
Why would it fizzle? It provides an actual utility
Re: A college student reached $64k/mo in 6 months by being an AI first mover
#5OpenAI continually gaining even more leverage in the business world with their API. They'll be able to charge whatever they want eventually, if they can't already
Re: A college student reached $64k/mo in 6 months by being an AI first mover
#6There are several stories of companies going from $0 to >$5M ARR in just a few months with the boom in LLM-driven applications. The downside for these types of apps is that churn rates are through the roof, and will probs die when the LLM fad inevitably fizzles.
Like any gold rush? Right now, gold nuggets are strewn around and you can grab them with your bare hands. Pretty soon you'll need excavators, sifters and all that infrastructure.
Good on him for making this much cash. Sure, right time and right place but you still need to be able to execute.
Re: A college student reached $64k/mo in 6 months by being an AI first mover
#7Somebody always wins the lottery. This doesn't mean that playing the lottery is a useful path to riches for anyone else. Edited to add: This is not an indictment on the college student in question! Congrats to him for being prepared to seize on an opportunity and executing well.
Did he win the lottery though? There's a lot of MRR, but I didn't see anything about profit. He could be losing money.
Re: A college student reached $64k/mo in 6 months by being an AI first mover
#8there is literally a "how to" in the open AI api docs for the exact use case. I need to be more shameless the next go around.
Re: A college student reached $64k/mo in 6 months by being an AI first mover
#9There are several stories of companies going from $0 to >$5M ARR in just a few months with the boom in LLM-driven applications. The downside for these types of apps is that churn rates are through the roof, and will probs die when the LLM fad inevitably fizzles.
Why would it fizzle? It provides an actual utility
I think it probably won't fizzle, but one reason it could is if competition drives down margins to the point where LLMs become a commodity while technical progress stagnates and their abilities saturate. Another possibility is that they could get banned or heavily regulated.
Re: A college student reached $64k/mo in 6 months by being an AI first mover
#10There are several stories of companies going from $0 to >$5M ARR in just a few months with the boom in LLM-driven applications. The downside for these types of apps is that churn rates are through the roof, and will probs die when the LLM fad inevitably fizzles.
Why would it fizzle? It provides an actual utility
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