Fortune | Steve Mollman | May 6, 2023

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

• 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

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• 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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