The New Playbook for Starting a Company in The Era of AI

Welcome to the Dave vs. Startups.

The rules of starting a company just changed, and most entrepreneurs are still playing by the old playbook.

And every startup right now should be deeply skeptical of why they need venture capital at their early stages.

Here’s what you need to know:

I'm not a fan of early capital at all.

But it goes deeper than just avoiding investors and not giving up equity.

You can avoid bringing people on for a lot longer now than you could have even two or three years ago because of AI tools and automation.

This changes your entire business strategy from day one.

If you were to set it up from day one thinking:

“How am I going to use tools like these AI automation tools as opposed to bringing people on?"

It would be a lot more functional, more quickly.

The longer you can put off hiring, the sooner you're going to get to profitability and put more money in your pocket as an entrepreneur.

Plus you're avoiding the toughest headaches of managing people.

What this means is you need to think like an engineer instead of a traditional manager from the very beginning.

Instead of asking, “Who can I hire for this?" You should be asking, "What system can I build to handle this?"

The mindset shift has to happen before you even start building your product.

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Elon’s proposed pay package is roughly half Canada’s GDP. WHAT?!

Still, interesting to see how the board of Tesla is trying to focus Elon on the company and make it the focal point of his company portfolio. What’s your take?

Tune into the Startup Different Podcast