Earlier quoted context omitted.
YC has a long tradition of soliciting applications in particular areas—see the links below. Of course, founders with other ideas are entirely welcome to apply. Startup Ideas We'd Like to Fund - https://news.ycombinator.com/item?id=250704 - July 2008 (380 comments) A New Experiment: The RFS - https://news.ycombinator.com/item?id=766703 - Aug 2009 (57 comments) YCRFS 1: The Future of Journalism - https://news.ycombinat…
A lot of these links in the original submissions are broken. Would be nice if they could be fixed or archived. I.e: https://www.ycombinator.com/rfs5.html
YC offers early interviews for AI companies
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Re: YC offers early interviews for AI companies
#22The AI feeding frenzy in VC land is reminiscent of the early days of the public access internet aka the .com boom. That corrected itself sharply but eventually most of those .com boom dreams came out, just a bit later and lots of VCs lost lots of money because they got the timing wrong. Every time there is a major shift in tech you see this pattern repeat but I don't recall seeing it on that scale again since ~2000,…
A specific technology doesn't really change either of these.
"I am going to sell pet supplies to people who need pet supplies"
Okay, how many people need pet supplies and why would they use you instead of the store down the street (in the 90s)?
"I am going to sell books to people who need books"
Is obviously a better proposition, even before we get into the fact that it's "online" or uses any specific technology!
Re: YC offers early interviews for AI companies
#23I develop a few interesting features using OpenAI in an existing product. After a wow-effects of the first days, few users are still using it. If I talk to users they say features are awesome but they are not actually using it. Really funny. Do you have experience of OpenAI API-based product that has high retention ?
Re: YC offers early interviews for AI companies
#24I develop a few interesting features using OpenAI in an existing product. After a wow-effects of the first days, few users are still using it. If I talk to users they say features are awesome but they are not actually using it. Really funny. Do you have experience of OpenAI API-based product that has high retention ?
Yes I developed a SaaS and the functionality is solely based on output from OpenAI. We have several thousand paying users already with ARR above $1.5M
Re: YC offers early interviews for AI companies
#25Re: YC offers early interviews for AI companies
#26Isn’t this the same logic the crypto bulls said during their mania?
That’s a pretty important difference.
Re: YC offers early interviews for AI companies
#27Earlier quoted context omitted.
Yes I developed a SaaS and the functionality is solely based on output from OpenAI. We have several thousand paying users already with ARR above $1.5M
May I ask what your profit margins are? Why can't someone just use ChatGPT instead?
Re: YC offers early interviews for AI companies
#28Big mistake imo to hop on trendy grifts. Please focus on the founders as before.
They will still do that, but within the context of having an application that takes advantage of recent developments in AI. Whether that's smart or not is an open question, time will tell. But, given that YC is a seed level investor (with some follow on capacity) it makes sense because the 'downstream' VCs are handing out money like candy to start-ups that can plausibly claim to be AI startups. The idea is that some…
If it's actually easy to get money? How would I find a VC who would be impressed by my actual technical ability as opposed to something like marketing or networking prowess? I tend to not spend a lot of time on making slick web pages and promoting myself but focus on implementing features.
Right now my own thing is a ChatGPT plugin that generates web pages including appropriate images using a template and stable diffusion. I am working on building in a CRUD system that GPT-4 will have concise docs for, as well as a user login system and an API proxy and secrets management. This way the system should be able to create fully functional websites.
The previous version integrates GPT-4 with fly.io VMs so that it directly executes commands in a loop to accomplish tasks.
But the plugin is on hold to work for some other startup so I can make rent and stuff. I am building out a simple generative fill inpainting/outpainting editor inspired by Playground.ai. Previously for this other startup I created a Dreambooth tool and a live editing scribble image generation thing with Controlnet.
And before that I was working on a Slack bot where you can ask it questions about PDF or other documents, and another that used GPT to write SQL for querying a specific table and optionally creating charts on the fly.
I guess I am just suspecting that maybe working on all of these other startups to pay the bills isn't necessary if I ask the right person for money. Which I never really seriously considered as an option.
Re: YC offers early interviews for AI companies
#29Earlier quoted context omitted.
May I ask what your profit margins are? Why can't someone just use ChatGPT instead?
Around 85% profit. It wouldn't be possible to get the same result from ChatGPT without a ton of prompt engineering and manually retrieving data and inserting that into your prompts. Plus, we don't just do a single API call and call it a day. A single button press in our app can set off a process which calls the OpenAI API over a dozen times plus retrieves data from several other APIs to help with the prompting
Re: YC offers early interviews for AI companies
#30> companies building AI developer tools. There it is, that's where you want to be - selling shovels during the gold rush.