To expand on this, and maybe this point is obvious, but accelerators and VCs purposefully fund a lot of companies they assume will not succeed. Something like 10% success is an acceptable target.
I wonder if all this focus on AI companies is actually denying opportunity to founders who have better ideas? Every AI agent company in YC and other accelerators is one that could have been taken by someone else.
But that’s the thing, AI is the highest risk highest reward opportunity, which fits the VC model. A boring CRUD app that solves an actual problem might be more likely to succeed but less likely to explode into a unicorn.
I wonder if all this focus on AI companies is actually denying opportunity to founders who have better ideas? Every AI agent company in YC and other accelerators is one that could have been taken by someone else.
But that’s the thing, AI is the highest risk highest reward opportunity, which fits the VC model. A boring CRUD app that solves an actual problem might be more likely to succeed but less likely to explode into a unicorn.