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The Bootstrapped Founder

267: Risks and Rewards of Building on OpenAI

Nov 10, 2023
13:25
Snipd AI
Explore the risks and rewards of building on OpenAI and debunk the myth that it will make indie startups evaporate. Learn about the debate surrounding building on OpenAI and the impact of customer inertia. Discover the benefits and risks of building a business on top of OpenAI, and how it can give you a competitive edge. Understand the challenges of growing a business and the importance of taking action. Find a solution for founders who might need to sell their business on acquire.com.
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Podcast summary created with Snipd AI

Quick takeaways

  • Building a business solely reliant on OpenAI can be risky due to lack of control and potential changes in pricing and access restrictions.
  • Customers are less likely to switch to a more generic implementation when they find a product that reliably solves their specific problem, highlighting the value of focused solutions.

Deep dives

Building a business solely reliant on OpenAI can be risky

One main point from the podcast is that building a business solely reliant on OpenAI can be risky. OpenAI can change their pricing, access restrictions, and interfaces at any time, leading to a lack of control and a severe business risk. This is exemplified by the debate around building businesses on top of OpenAI interfaces, which can make a startup vulnerable to changes in OpenAI's offerings. However, building indie businesses around OpenAI's capabilities and technologies can still be viable if done correctly.

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