AI Wrapper Experience Value

John Coogan shares his perspective on AI startups that build on top of existing platforms like GPT, arguing against critics who dismiss them as "just wrappers." He believes these ventures provide valuable entrepreneurial experience and can be legitimate business opportunities.

Key Points:

• Criticism of AI Wrappers:

  • Many investors dismiss startups that build on top of existing AI platforms
  • Common critique is that they're "just wrappers" on OpenAI/GPT technology
  • Seen as not venture-worthy or substantial enough

• Value of Building AI Wrappers:

  • Provides hands-on entrepreneurial experience
  • Some creators making significant money from simple implementations
  • Helps young builders (17-19 year olds) gain practical experience
  • Similar to traditional entrepreneurial starting points like reselling sneakers

• Examples of Successful AI Wrappers:

  • Dating coaching apps using GPT for texting advice
  • Homework help applications
  • Rap lyrics generators
  • Personality quiz applications leveraging the Barnum effect

• Historical Context:

  • References Lensa AI's success with stable diffusion
  • Shows how "wrapper" companies can achieve significant market success
  • Demonstrates value in making complex technology accessible to mainstream users

• Advice for Builders:

  • Don't let perfect be the enemy of good
  • Focus on building and shipping, even if not venture-scale
  • Experience gained is valuable regardless of outcome
  • Better to build something than nothing due to criticism

• Future Opportunities:

  • Predicts success in personality quiz/astrology applications using LLMs
  • Believes in exploiting the Barnum effect with AI
  • Sees potential for viral, consumer-friendly AI applications