But because the economics don't translate the way VCs claim. When you replace a $50,000 employee with AI, you don't capture $50,000 in software revenue. You capture $5,000 if you're lucky.
"""
Good thing we solved lipid disorders with Olean, Betamax gave us all superior home video, and you can monetize your HN comments with NFTs or else I wouldn't have any money to post!
Maybe I should change the title indeed. Intention was to point to the fact that from the perspective of a startup, even if you replace it fully, you are not capturing 100x the previous market.
But because the economics don't translate the way VCs claim. When you replace a $50,000 employee with AI, you don't capture $50,000 in software revenue. You capture $5,000 if you're lucky. """
So you are saying, AI does replace labour.