From Fortune:

The AI revolution has led to the emergence of one-person unicorn startups valued at $1 billion or more. OpenAI CEO Sam Altman and Reddit co-founder Alexis Ohanian expressed excitement over this radical idea in a September conference. The advent of AI has paved the way for smaller, high-performing, culturally strong teams to achieve success without the need for many employees. Many believe this new phenomenon will soon become a reality, revolutionizing the tech industry.

The technology is poised to usher in a new “golden age” of startups, says Alex Gurevich, a managing director at Javelin Venture Partners. AI-powered startups will be driven by more efficient processes, data-driven decision-making, and product iteration. It’s a matter of finding the right founder and leveraging the technology that is readily available to achieve phenomenal success. Founders have access to AI tools that specialize in tasks ranging from marketing to legal work, allowing them to iterate on countless different product ideas, advertising strategies, and financial scenarios with minimal time and personnel.

The concept of a one-person unicorn is considered the next logical step in the tech industry, shielding startups from the failure faced by traditional unicorns. It’s an evolution in the narrative of visionary tech founders and has sparked enthusiasm and anticipation across Silicon Valley, highlighting the pinnacle of entrepreneurial spirit and the enormous potential of AI-enabled startups. However, while AI may manage some aspects of the business, founders may be reluctant to hand over critical tasks to it, particularly in cases where the consequences of errors could be dire.

The first one-person unicorn is anticipated to be a small startup with a massive valuation, likely to be in the consumer software or direct-to-consumer e-commerce sector. While automation may not be well-suited for every type of enterprise, companies that create software products and leverage AI are positioned for success. However, to reach the unicorn status, a founder-driven by a visionary outlook and fearless action is essential, reinforcing the idea that exceptional leadership will remain a crucial component of future startups.



Read more: Sam Altman wants AI to create a one-person unicorn with a billion-dollar valuation