This is an alt account. I doubt I will use it to post again.
A friend of mine leads a startup. They are beginning to draw attention and are soon to go for investment funding. They make something to be used in sports, medicine, and space.
My friend is frustrated with the ecosystem’s current obsessions. ‘AI B2B SaaS’, making 10x returns in 3-5 years. None of it is sustainable. None of it solves real problems in a way that will keep them solved for decades to come. In a way that is truly new, and better than the old ways in consideration of social and ecological impact.
In your opinion, how might my friend best navigate their choices to positively influence the world? What actions would you take, in their shoes?
“B2B” has existed as a term at least since the 90s, and as a concept for thousands of years.
And SaaS or any *aaS in IT is just virtualization. And that’s been a concept in IT for like 20 years now.
But I’m with you in the AI thing. Throw crypto in there too.
Thanks for your response.
I’m aware. I find it unfortunate that so many small teams I meet focus on including these buzzwords in their business model just so they have a perceived higher chance at VC funding. But, what then?
Particularly AI where it is not needed or useful, seems like one is setting their team up to fail.