Do you agree that now (with AI) 3 people companies can create a billion dollar valuation?
Zoe Stetsenko
23 replies
If so, what should these 3 people be able to do?
Replies
André J@sentry_co
Definitely. Notion was very few people for a long time. Still are I believe. The next Notion amped with AI agents, could be even less. Great software is like great books. It's not how many authors who write them. It's the quality of the authors that matter. And luck.
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@zoia_stetsenko Notion was founded by a UX designer and a Software Dev. that's all you need to build products really. Most investors look for the CTO and CEO combo. But I don't agree with that. I think that mindset has begun changing. I see it at very modern companies, where they ditch the biz operators, and only hire designers and techies and pair them together on initiatives.
Absolutely! In this AI-driven era, it's no joke that a small team of three can conjure up a billion-dollar valuation.
@mark_pavlyukovskyy but do these three people have to be superhuman? Or does it no longer matter if there is artificial intelligence?:)
I disagree, I've yet to see a solid AI-based product.
Even the big boys cannot come up with something nice, the output is really cheap and worthless.
Let the hype die already, it's getting boring to see people getting drunk on cold water.
@chris_sarca Really? You haven't been touched by this fever, haha! In fact, I don't really believe in this statement about 3 people in a company either... But I guess very soon we may see a refutation of our skepticism
@zoia_stetsenko It's not important how many are there, it's important that the product to be good and solve real problems. AI-based projects I've seen don't do that.
@chris_sarca @adan_dv Thank you, I totally agree! Discarding all the pillars of a successful project (product-market fit, scalability, team strength, execution, etc.), leaving only one - artificial intelligence - is a balancing act that can never guarantee a reliable and excellent result. and the question is whether these 3 people can create and maintain all these pillars.
@chris_sarca 😂 love the honesty
@chris_sarca I totally get where Chris is coming from. The AI hype has led to a flood of quick money schemes, with people rushing to build products using no-code tools (i have nothing against no-code tools) and the open ai api in just a couple of weeks. While there are solid AI projects like DALL-E, Copy AI, or Jasper out there, I don't think it's realistic to expect a billion-dollar valuation with just three people.
Building a successful company takes more than AI alone. Factors like product-market fit, scalability, team strength, and execution all play crucial roles. AI can definitely enhance productivity and provide valuable insights, but it's not a magic ticket to massive financial success. It's important to have a balanced perspective and consider the broader context of building a sustainable business.
Nack AI
The efficiency of 3 people is increasing and the value of the dollar is falling, so I'd say yes.
@dextersjab and the further away, the more likely, right?:) And how do you think the efficiency of people is increasing? Does it depend on the person and their skills? Or is the development of assistive technology responsible for efficiency?
Nack AI
@zoia_stetsenko I think it depends a lot on how people use the tech. As a programmer, it's hard to estimate exactly how much more productive I am with GPT, but it feels about maybe 5x. Many marketers are also taking advantage of these AI-powered tools. I would guess that the ones that have good workflows are seeing similar multipliers in productivity. The tools are maturing, and small teams have commanded billion-dollar valuations in the past (IG famously with ~14 people). I don't think it's far-fetched.
It is not possible yet, if the Ai is so valuable than why Google, Microsoft, etc... still employ hundreds of thousands of people globally.
@vladimir_zivkovic however, AI has squeezed out those thousands of people... But of course, I agree that AI is overrated in many issues
@zoia_stetsenko No, Ai didn't squeezed anyone out of job from global giants, it's just the cost cutting strategy that even the small companies do now days. Ai is not reliable yet to do anything scalable, at least the one we have access to.
To be fair, I do not personally believe that you can create a billion dollar valuation company with a mere 3 people.
Many people tend to emphasize success and focus on successful stories (survivorship bias)in order to maintain the narrative that AI can assist you build giant companies.
But for every successful story, there have been numerous companies that have failed.
But I have seen operations with 1 or 2 people that manage to outperform large companies by utilizing AI in numerous efficient and surprisingly well thought off ways.
For instance I read about a 1 person who used AI to sort his knowledge and make it searchable using semantics. He then trained the AI in this knowledge and created a chatbot of himself. He embedded the chatbot in his operations to interface with visitors and assist in data base search.
Similarly virtual intern was created that could understand tables in the database, writes SQL queries automatically, and even send notifications on the designated Slack channels.
Numerous other applications as well are on offer if you know where to look, which allow AI to replace some tasks and therefore be more efficient with less workforce.
However the 3 people company statement for 1 billion usd dollar valuation seems for the time being too far off.
@apollon440 Yes, I agree. If it were to happen, it would be the exception to the rule, which can hardly be called confirmation of this hypothesis
It depends on the utility of the product and the value it provides.
AI empowers small teams to potentially achieve billion-dollar valuations by boosting productivity, automating tasks, and improving decision-making. It levels the playing field, enabling innovative AI-driven products or services with substantial market value. Success factors include product quality, market demand, execution, and competition.
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