What is wrong with people who pitch AI startups but they are really AI wrappers?
Because every Santa-Banta startup has started to pitch AI wrappers to me over the last so many month.
Another example of disingenous hopium being peddled by VCs. Total BS that boils my blood as an Indian founder.
This guy, who has never founded or built a company in India and has enjoyed the perks of SF all his life, has the audacity to tell Indian founders that building in India is a "mindset" issue.
In a country that still doesn't have 24/7 power and clean 24/7 tap water (not even in Bangalore), this guy says you should build deep tech. The delusion is off the charts.
We don't even have local chip manufacturers, everything we do is pure electronics assembly, but we should dream of competing with OpenAI?
I'd love to see how many Indian startups he will actually fund instead of waxing eloquent about self belief and desire.
Seen a lot of bullshit AI hype in India being peddled by South park commons (this guy) and from People+AI (new pet project from Nilekani sir).
I actually interviewed for people+AI and got rejected a year ago. What do I see them building and promoting today? A mental health app, a food label reading app, and a goddamn captcha recognition project. Are you fking serious?
Every project in people+AI is basically funded startups and large companies funding their own PR, research and work through them. Probably paying program members/interns peanuts in compensation.
Never have I been more certain that India has already lost the AI race, and all we're going to get is chillar projects and miniscule funding that won't actually lead anywhere.
If you want to build something substantial in AI, please go to SF for the love of God. Don't fall for the "make AI in India" bullshit. It is pure PR and hype, zero substance. We will never be able to compete with what's being built in SF, we're simply too far behind and without any money or resources.
Think I'm wrong? Name 5 Indian AI products you use everyday. Or 10 groundbreaking Indian AI projects that got funded in the last few years that you know of.
/Endrant
He is not fully wrong.
The constraint here is capital. And this is not on Founders but willingness to take risk on part of investors. He canβt say the quiet part out loud ie the investors are very risk averse. And he needs to encourage founders so that he can take risk with them.
The part where the ground reality is different (local issues aside) is the role of investors. Say you start an Indian foundational model startup. Raise a preseed on contacts. You wonβt be able to raise a seed because the investors can foresee how much capital would be required in future. Even if say in a near future that capital would be available, no one is taking a bet on that. We have no investor middle class. With SPC, the unsaid bet is you move to SV and they make the intros. So not fully wrong. Itβs the mindset of Indians.
I have seen three deep tech startups move to us in the last six months from my circle alone.
And i hope you use one good AI project in near future. Will ping you the link.
But it's not just about capital either, is it? All good talent migrates to SF over time too, it's obvious to everyone. Infra and resources can't be matched. Then why feed hopium to entrepreneurs?
I've lost count of how many peers I've seen move out of India over the last few years, and good for them. But if this narrative peddling makes even a few stay back, it would be borderline criminal imo.
Your rant might be one of the most idiotic rants i have ever read.
In my company itself, work from US is being transferred to India in AI domain. We are writing models to serve content in our software via AI instead of using traditional artists.
We are also creating platforms to run and deploy ml worklods here and also using 3rd party ones.
Obviously bcs using openai LLM models is cheaper than writing one from scratch, we are trying to train it on our use cases .
Obviously, while this doesnt mean we can compete to openAI or chip making industries of Taiwan as of now. Its not that engineers in India are any less. There are flaws in system , business process, learning gaps. But if you dont even begin? What do you expect?
We are step back yes, but maybe we will also have some company like it in future.
Often people who dont have anything to contribute, pull others down too. Instead of licking bay area white asses, why dont you try learning something from them for a change? And try making stuff yourself.
And so many finger pointing at make in India, then why not go to bay area ? Let me guess, the coding skills are down in gutters as is the tone in this rant.
What a sad life.
I'm already working on multiple ventures with friends and family, got enough on my plate. That doesn't mean I haven't pitched innovative ideas to VCs. That itself is a shit show buddy, maybe start your own company to see what it's really like. Employees don't know enough.
Ask any funded entrepreneur how likely it is that VCs in India fund something with no competition or no previous funding.
My whole point is that the "beginning" is a sham. Your own startup is probably incorporated in USA. India still isn't business friendly compared to many other nations.
The whole ecosystem is rigged to leak talent, money and resources to the west. It is pretty obvious to many people. Also refer to umadbro's comment on this post.
VC revolutionary idea fund to karte hain nahi. They will almost never be the one to take the risk on a space that no other VC has invested in.
Hopium max
Agreed!
Because every Santa-Banta startup has started to pitch AI wrappers to me over the last so many month.
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