$1M Startup Trends in 2024, With Michael Karnjanaprakorn
Jan 11, 2024
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Former CEO of Skillshare, Michael Karnjanaprakorn, joins the podcast to discuss the biggest startup trends in 2024. Topics include IRL community spaces, AI educational agents, intentional communities, future AI use cases, and building and monetizing personalized characters.
Building a holding company for productivity apps by partnering with content creators and focusing on products in the productivity space.
Creating a vibrant community and art destination by building a new town in Florida, inspired by culture and leveraging the Brightline high-speed train.
Deep dives
Building a Holding Company for Productivity Apps
The podcast episode explores the idea of building a holding company for productivity apps. The host expresses a personal interest in productivity apps and believes there is potential for growth in this niche. The suggestion is to partner with content creators for distribution and focus on developing products with a natural knack for the productivity space. The importance of curating a community and prioritizing being close to friends is also emphasized.
Creating a New Town inspired by Art and Culture
The podcast discussion includes the idea of building a new town inspired by art and culture in Florida. The suggestion is to leverage the recently opened Brightline high-speed train to attract visitors and create a vibrant community. The concept is to create a place that offers culture, a curated community, and the appeal of Florida's sunny weather. The idea is compared to successful examples like Marfa, Texas, where a random town became an art destination.
Dividends as a Startup Business Model
The podcast discusses the trend of startups offering dividends as a business model. The idea is that instead of focusing solely on high-growth and seeking venture capital funding, startups can consider offering dividends as a way to generate cash flow for investors. It is suggested that startup founders may become tired of the traditional startup cycle and seek alternative paths. The episode also explores the potential for acquisitions and mergers among smaller businesses in the $100K to $10 million revenue range.
AI Characters and the Future of Interfaces
The podcast delves into the concept of AI characters and the potential they have in various industries. It is mentioned that AI characters can entertain, teach, and assist in tasks. The discussion revolves around the idea of characters being used in education, entertainment, and interfaces. The importance of niche-specific interfaces and the value of personalization in AI character interactions is also highlighted. The conversation further touches on the rise of AI in different sectors and the potential for partnerships between AI companies and existing platforms.
I'm joined by Michael Karnjanaprakorn, former CEO of Skillshare. We talk about the biggest startup trends that will shape 2024: IRL community spaces, AI educational agents, and more.