alt Hacker NewsI can't help but feel a little bit of ... pity for a lot of the people who call themselves "entrepreneurs" in this survey?
"I live hand to mouth, zero savings. If I use AI smarter, it may help me craft solutions to that cycle."
"Relaxing while my AI gets the work done, builds the wealth. It’s a shadow of me, just a very, very long one."
etc. I do believe AI currently accelerates businesses, especially in software dev. We work with a contractor who use Claude Code to reach incredible development pace for the size of their team, but also when we sit down with them in meetings they understand what's being created, they are able to argue their architectural choices, and they know how to propose business value.
You can't just buy a Claude subscription and have magically solve your problems. The thing is, as soon as Claude can do this without a business savvy human in the loop, then a) everyone can do it, so you won't actually have any value to propose, and b) Once the AI can run businesses without humans in the loop, you can bet your ass they will not out of the goodness of their hearts keep giving that ability away for $20.
In summary, AI if used to accelerate businesses _CAN_ be good. Buying it as a magic bullet to bring you out of poverty is probably a worse choice than just buying a lottery ticket.
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If the technology becomes cheaper, this creates more market pressure, by changing the cost base of certain product. For example books when printing press was invented went from luxury to something expensive but more affordable. In software markets that means that will have more software, more competition and in free market segments profits will evaporate.
The pseudo "entrepreneurs" who think they could outsmart the market by working less, are just naive. In a free market economy optimization is brutal and a freelancer developer will sell the same "product" cheaper, because he has the same technology available to him.
So the only way to get the gains from these AI technologies is to have something that can't be easily copied like market knowledge, data access or sweetheart deals with big companies that can pay more because their profits support the higher spend.
Also, services based SAAS especially B2B will not die, because a tyre shop won't have the time to write/debug/host it's own solution and will not want to depend to a single contractor who can disappear for a vacation. But the margins will go waaay down. 25$ for a set of forms and a database, not gonna cut it anymore.
That really reminds me of the "mashup" bubble in the late 2000's, when all services started to provide API and people were calling themselves "entrepreneurs" for combining 2 sources of data, like putting craigslist ads on a map.
That didn't last long!
It’s funny how so much of market demand ends up just ends up boiling down to basic needs. Everyone’s always trying to hustle so they don’t have to worry about financial instability.
The quote about being temporarily embarrassed millionaires comes to mind….
> I can't help but feel a little bit of ... pity for a lot of the people who call themselves "entrepreneurs" in this survey?
Fake it till you make it mentality that degenerated completely once we got the internet. It used to be "crypto will make you rich, buy my coin/course", now it's "AI will make you rich buy my tool/course", the same type of people will get fleeced
These are the people getting all the attention: https://www.youtube.com/watch?v=NwaUMBQ3Wgg