Sitemaps
Assume Everyone Will Leave in Year One
Stop Listening to Investors
Was Mortgaging My Life Worth it?
What's My Startup Worth in an Acquisition?
When Our Ambition is Our Enemy
Are Startups in a "Silent Recession"?
The 5 Types of Startup Funding
What Is Startup Funding?
Do Founders Deserve Their Profit?
Michelle Glauser on Diversity and Inclusion
The Utter STUPIDITY of "Risking it All"
Committees Are Where Progress Goes to Die
More Money (Really Means) More Problems
Why Most Founders Don't Get Rich
Investors will be Obsolete
Why is a Founder so Hard to Replace?
We Can't Grow by Saying "No"
Do People Really Want Me to Succeed?
Is the Problem the Player or the Coach?
Will Investors Bail Me Out?
The Value of Actually Getting Paid
Why do Founders Suck at Asking for Help?
Wait a Minute before Giving Away Equity
You Only Think You Work Hard
SMALL is the New Big — Embracing Efficiency in the Age of AI
The 9 Best Growth Agencies for Startups
This is BOOTSTRAPPED — 3 Strategies to Build Your Startup Without Funding
Never Share Your Net Worth
A Steady Hand in the Middle of the Storm
Risk it All vs Steady Paycheck
How About a Startup that Just Makes Money?
How to Recruit a Rockstar Advisor
Why Having Zero Experience is a Huge Asset
My Competitor Got Funded — Am I Screwed?
The Hidden Treasure of Failed Startups
If It Makes Money, It Makes Sense
Why do VCs Keep Giving Failed Founders Money?
$10K Per Month isn't Just Revenue — It's Life Support
The Ridiculous Spectrum of Investor Feedback
Startup CEOs Aren't Really CEOs
Series A, B, C, D, and E Funding: How It Works
Best Pitch Decks Ever: The Most Successful Fundraising Pitches You Need to Know
When to Raise Funds
Why Aren't Investors Responding to Me?
Should I Regret Not Raising Capital?
Unemployment Cases — Why I LOOOOOVE To Win Them So Much.
How Much to Pay Yourself
Heat-Seeking Missile: WePay’s Journey to Product-Market Fit — Interview with Rich Aberman, Co-Founder of Wepay
The R&D technique for startups: Rip off & Duplicate
Why Some Startups Win.
Chapter #1: First Steps To Validate Your Business Idea
Product Users, Not Ideas, Will Determine Your Startup’s Fate
Drop Your Free Tier
Your Advisors Are Probably Wrong
Growth Isn't Always Good
How to Shut Down Gracefully
How Does My Startup Get Acquired?
Can Entrepreneurship Be Taught?
How to Pick the Wrong Co-Founder
Staying Small While Going Big
Investors are NOT on Our Side of the Table
Who am I Really Competing Against?
Why Can't Founders Replace Themselves?
Actually, We Have Plenty of Time
Quitting vs Letting Go
How Startups Actually Get Bought
What if I'm Building the Wrong Product?
Are Founders Driven by Fear or Greed?
Why I'm Either Working or Feeling Guilty
Startup Financial Assumptions
Why Every Kid Should be a Startup Founder
We Only Have to be Right Once
If a Startup Sinks, Founders Go Down With it
Founder Success: We Need a Strict Definition of Personal Success
Is Quiet Quitting a Problem at Startup Companies?
Founder Exits are Hard Work and Good Fortune, Not "Good Luck"
Finalizing Startup Projections
All Founders are Beloved In Good Times
Our Startup Culture of Entitlement
The Bullshit Case for Raising Capital
How do We Manage Our Founder Flaws?
What If my plan for retirement is "never retire"?
Startup Failure is just One Chapter in Founder Life
6 Similarities between Startup Founders and Pro Athletes
All Founders Make Bad Decisions — and That's OK
Startup Board Negotiations: How do I tell the board I need a new deal?
Founder Sacrifice — At What Point Have I Gone Too Far?
Youth Entrepreneurship: Can Middle Schoolers be Founders?
Living the Founder Legend Isn't so Fun
Why Do VC Funded Startups Love "Fake Growth?"
How Should I Share My Wealth with Family?
How Many Deaths Can a Startup Survive?
This is Probably Your Last Success
Why Do We Still Have Full-Time Employees?
The Case Against Full Transparency
Should I Feel Guilty for Failing?
Always Take Money off the Table
Founder Impostor Syndrome Never Goes Away
When is Founder Ego Too Much?
The Invention of the 20-Something-Year-Old Founder

Don't Fear the Reaper: AI Edition

Wil Schroter

Don't Fear the Reaper: AI Edition

Yes, AI is actually going to change everything, and No, we're not all totally screwed.

Why? Because every time we embrace change as Founders, we create exponentially more value than has ever existed before. And every time things change, everyone freaks out and thinks the "old ways" were the only way things should have been done.

I'm an avid carpenter — I build tons of stuff with power tools. Every time I'm zipping through a piece of lumber with my portable saw I think, "Some poor bastard used to have to do this by hand. I bet the moment he saw an electric saw, he figured he'd be out of a job!"

What we're missing with that line of thinking isn't whether we'll be displaced — it's whether we should have been doing that work by hand, to begin with.

This Always Happens

Every time some new technology gets introduced, everyone bemoans how it will destroy what we already know. Electricity spoiled the coal industry. The Industrial Revolution replaced humans with machines. Computers allowed a single person to do the work of a dozen.

Personally, I showed up at the dawn of the Internet Era circa 1993. At the time I was running one of the first Web Design companies (I'm old), and I was telling everyone how the whole world would be connected and information would be free. Precisely zero people I spoke to believed me.

All people could talk about was the potential death of Barnes & Noble and Blockbuster. "Who will read books? Or patronize video stores?" Oh, the horror! As if those modalities were the only way commerce could be done or information could be shared. When was the last time you thought, "I really wish I could get in my car and drive across town to see if a single movie I might want to watch is available." Exactly never.

Every revolution starts with consternation, but the people who embrace change early become the greatest winners of each new era. Fun fact — did you know J.P. Morgan (yeah, the banking guy) was the man who financed electricity to every home? That worked out OK for him, although it does help to be backing Edison when you do it.

Be the Operator, Not the Tool

We need to change our mindset. When we're used to being paid to be the tool — the writer, the math whiz, the coder — we assume our value only exists as the tool. That's like me saying the only value I have as a carpenter is my ability to use a hand saw. A saw is just a tool, whether it's manual or powered. What matters is what the carpenter does with that new tool.

We are the carpenters of innovation. Our job isn't to hand-saw stuff. Our job is to constantly look for more efficient tools to get the output of what we do. If AI can help us do 10x more than we could yesterday - it's a wonderful thing. Think of how many more houses a carpenter can help build with more efficient tools.

There will be another set of tools after AI and another set of tools after that. Every time a new set of tools emerges, the operators become exponentially more valuable than before. We need to harvest that new value.

Embrace the Future, Not the Past

Every time a new technology gets introduced there's an explosion of innovation. Think of how many companies, jobs, and industries were created from the rise of the Internet. Look at your smartphone (which was its own revolution) and how many apps exist. None of those existed 20 years ago, and many didn't exist 10 years ago, and now they are part of our daily lives.

Our greatest innovators have consistently been borne by embracing the future, whether it's Cornelius Vanderbilt pioneering rail travel or Bill Gates's dream of "a PC in every home." Conversely, the greatest empires are consistently decimated by holding onto the past (how's your cable company doing these days?).

Every revolution is an opportunity for prosperity and this AI revolution is no different. This will create exponentially more jobs and opportunities than it possibly replaces, so long as we harness its potential. Embrace the future, my fellow Founders — it pays better.

Oh, and yes, I wrote this with my own hands, not with AI. But for how much longer?

In Case You Missed It

The Emotional Cost of Being a Founder When we talk about building startups, we talk about lots of costs: Staffing costs, the cost of capital, cost per acquisition, and opportunity cost. But we never talk about the biggest cost – the emotional cost.

Is Doing Non-Startup Stuff Good For My Startup? (podcast) What if we knew that time away from our startup was the key to actually making it grow faster?

We're All Afraid of Paper Demons When you start to focus your attention on something that has not happened yet it will create growing anxiety that will hinder what you are truly capable of achieving. Stop worrying about the things that didn’t happen and start planning based on what’s happening now.

No comments yet.

Upgrade to join the discussion.

Already a member? Login

Upgrade to Unlock