EP 136: Why so many AI startups will die

So many AI startups are going to run out of money, fail, and ultimately die. We know. That's a harsh take but it's the unfortunate truth. So what is the cause of all these AI startups dying? That's what we're discussing today along with the future of startups and how they're impacted by AI. Newsletter: Sign up for our free daily newsletterMore on this Episode: Episode PageJoin the discussion: Ask Jordan questions about AI startupsUpcoming Episodes: Check out the upcoming Everyday AI Livestream lineupWebsite: YourEverydayAI.comEmail The Show: [email protected] with Jordan on LinkedInTimestamps:[00:02:00] The rise of AI startups[00:08:01] Explosive growth in VC funding for AI[00:11:42] AI startup explosion fueled by money influx[00:13:51] Startups using someone else's technology will fail[00:16:07] Build actual products, solve problems, forget money[00:21:50] Why startups fail[00:24:52] ChatGPT's new mode, All Tools[00:27:10] Why ChatGPT will take over[00:32:07] Microsoft 365 Copilot will be disruptive[00:38:02] Invest in companies, not just featuresTopics Covered in This Episode:1. Factors driving the growth of AI startups2. Overview of the impact AI has on the business landscape3. Challenges and reasons for AI startup failures4. Cautionary notes for startups and investorsKeywords:AI startups, generative AI, innovation, startups, failing startups, pre-money valuation, OpenAI, ChatGPT, AI tools, VC industry, private equity, oversaturation, high valuations, disjointed nature, multiple AI tools, Copy AI, Cloud, Mid Journey, Runway, Pica, Canva, Microsoft 365 Copilot, commercial availability, raising awareness, unique products, dependency on OpenAI and Google, Everyday AI newsletter, generative AI with plugins, business landscape, influx of AI startups, funding, degenerative AI market potential.Send Everyday AI and Jordan a text message. (We can't reply back unless you leave contact info) Start Here ▶️Not sure where to start when it comes to AI? Start with our Start Here Series. You can listen to the first drop -- Episode 691 -- or get free access to our Inner Cricle community and all episodes: StartHereSeries.com Also, here's a link to the entire series on a Spotify playlist.