Comment by dangus
4 days ago
Those companies weren’t multiple person teams. They were one person teams with contract work. Maybe you know the details of the kind of money they were paid or how involved they were with the work but that could mean so many things.
I’d have to say when I hire someone in Fiverr to make a logo for my app I’m not suddenly a multi-person team. If I use AI to make my logo instead of paying a human $50 to make one I didn’t exactly experience a productivity revolution.
The other thought that popped into my head is that offshore contractors have access to AI, too. So shouldn’t we see their output go up and prices go down? Again we have another facet of this lack of market indicators.
They were multi-person teams.
Some had employees (which were let go when they pivoted). Some were contractors doing all of the engineering work.
The majority of businesses fail within 5 years.
Are they using AI because it’s better or because they have no other choice?
If I hire two sandwich artists for 6 months but nobody buys my sandwiches, I don’t have much choice but to fire them.
This word “pivot” is strong.
Because it's better (versus the engineers they were able to hire).
Pivot is strong and in both cases where they went n -> 1, the pivots were dramatic. One went from building a (credit) card switching SDK to building a legal assistant AI. One went from building a fin-tech compliance product to a CRM for managing collections.
Because they went back to the drawing board, they ended up letting go of their teams and started using AI to build MVPs and then found that they could ship faster and better.
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