Bifalgorithm post
Ai startups are the sexy path to becoming a millionaire, but boring businesses are the proven ones. Let's look at the gold rush in 1849. Everyone rushed to California for gold. Most miners went broke chasing it, but the boring businesses, they grew massive. California's first millionaire was Samuel Brennan. He sold pickaxes. Levi Strauss made denim, which is still relevant. Houdin bakery sold bread, which is still open today. Ai is like a gold rush. Startups building in AI are the miners. If you will have outlier successes, most will fail. But the businesses selling to those startups are killing it. We have companies selling pickaxes, the main tool you need to mine gold. Think NVIDIA selling chips or OpenAI and Anthropic selling API access to their models. But boring businesses like mine, we sell bread. Design, marketing, legal, compliance, recruiters, these are services with a clear playbook that's worked for decades. Mystudio sells product and design services to B2B AI startups. We sell what the miners need to mine faster. Your business doesn't need to be a crazy innovative idea to be successful. We'll have more content. Bye.
Ai startups are the sexy path to becoming a millionaire, but boring businesses are the proven ones. Let's look at the gold rush in 1849. Everyone rushed to Cal…
Ideas in this flowchart
- Ai Startups vs. Boring Businesses
- Ai Startups
- Sexy Path to Millionaire
- Gold Rush Analogy
- Boring Businesses
- Proven Success
- Historical Examples
- 1849 Gold Rush
- Samuel Brennan - Pickaxes
- Levi Strauss - Denim
- Houdin Bakery - Bread
- Modern Examples
- Companies Selling Tools
- NVIDIA - Chips
- OpenAI & Anthropic - API Access
- Service Businesses
- Design, Marketing, Legal, Compliance, Recruiters
- Mystudio - Product and Design Services
- Conclusion
- Success Without Innovation