Comment by minimaxir
1 year ago
Due to YC's large batch sizes and the consolidation of industries such as AI, increasing numbers of YC startups are now directly competing with each other.
1 year ago
Due to YC's large batch sizes and the consolidation of industries such as AI, increasing numbers of YC startups are now directly competing with each other.
When 98% of your "product" is a thin wrapper around chatGPT, you will of course end up competing against every other product that is a thin wrapper around chatGPT.
As someone (not YC funded) who is developing exactly such an app, I've wondered about this ...
Not really. The medical ChatGPT wrappers don't compete with the legal ChatGPT wrappers or the code editor ChatGPT wrappers. It has been argued (ad nauseam) that ChatGPT itself competes with all the wrappers, not that the wrappers compete with each other.
> . It has been argued (ad nauseam) that ChatGPT itself competes with all the wrappers, not that the wrappers compete with each other.
This makes more sense now that I think about it.
They don't compete right now, but surely the architecture of the system will be quite similar, or solve very similar types of challenges. So it should become easier to jump domains when these solutions mature.
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VCs will frequently invest in competing startups to hedge their bets.