Comment by CharlieDigital
4 days ago
They were multi-person teams.
Some had employees (which were let go when they pivoted). Some were contractors doing all of the engineering work.
4 days ago
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.
This now seems like even less useful information than before.
They literally changed to doing an entirely different business.
This would be like saying I hired two sandwich artists, but sandwiches don’t sell well, so I fired my sandwich artists and now I run a coffee shop on my own.
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