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What Startup Rules Did Sam Altman Break During OpenAI’s Path to Its $30B Valuation?

Fortune | Steve Mollman | May 6, 2023

When it comes to artificial intelligence, Silicon Valley’s standard advice for startups might not apply.

Breaking the rules - What Startup Rules Did Sam Altman Break During OpenAI's Path to Its $30B Valuation?

  • OpenAI, established in 2015, creators of ChatGPT and GPT-4, now boasts a valuation of nearly $30 billion. CEO Sam Altman, former head of Y Combinator, shared insights on the AI venture's unconventional rise to success during a recent Stripe-hosted fireside chat.
  • Took 4.5 years to launch a product
  • Most capital-intensive startup in Silicon Valley history

See:  Successful Founders Weigh In: 10 Key Things to Do When Starting A New Venture

  • Built technology without knowing target customers or use cases
  • No social features or built-in sharing in chatgpt
  • Required sign-up before use, no inherent viral loop
  • Disregarded potential investors' criticisms
  • Focused on technology rather than solving a specific problem
  • Explored various ideas for GPT-3 and GPT-4 without committing to one domain (e.g., medical or legal)

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