Like the only way to find these opportunities to learn about them is to find weirdos on the internet that are also into this thing. Yes. And they're figuring it out too. And you can kind of compare notes. Yes. And this is how new industries are created. Literally. By weirdos on the internet. Like literally. Literally. This is Dalton, plus Michael, and today we're going to talk about why AI is going to create more successful founders in the world.
\n",
415 | "
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It's interesting, as we've gotten older, we kind of see a new set of tools come into the market and then an explosion in the number of founders who can now create value. And we've seen this before, right? Like, what was the first time you saw this? I certainly noticed when the internet was new, people that knew how to build websites were suddenly able to make lots of money from
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the skill. And it was like really basic stuff. High school kids were making tons of money. Yep. I remember people that could just figure out how to sell stuff on eBay, where you would go buy something cheap but then listed on eBay and arbitrage. Yep. Basically, you would see people that kind of understood the new tooling that came out and would like do a hustle and make ungodly amounts of money.
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Yeah. And it was just because they understood the new tools. And I already wasn't even a hustle. Like it was a good business. Like it was, they saw that tools enabled new businesses. You know, we saw this, you know, tail end of the open source world where like we could build all of Justin TV with free software. Yep.
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439 | "
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And then we were there in the beginning of cloud compute where we didn't have to rack servers anymore. Any kid could sign up for an Amazon account, put a couple bucks down, and get access to a server. And so what's interesting is that we might, I think we feel pretty good about saying this, we might be on
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454 | "
the cusp of the next one of these. And that means there are maybe a whole bunch of new opportunities for successful businesses to be created. Yeah, starting now. Yeah, I mean, here's another metaphor. When the iPhone came out, who would have thought that Flappy Bird would have been created? And I think I read that that guy made like 20 million in cash.
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455 | "
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462 | "
Boom. In like two months and then shut it down. And so if you watch, okay, iPhone, Steve Jobs on stage, some guy in Southeast Asia building Flappy Bird. That's like wild. Never would have guessed. And so, again, to be very direct, what we're arguing is that when brand new technologies come out that are powerful, the people that are on the cusp of understanding them and that quickly
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463 | "
Two men are sitting at a table in a modern office setting with large windows in the background. The man on the left is wearing a light gray button-up shirt and has curly hair. He is gesturing with his hands as he speaks, occasionally raising them to emphasize points. The man on the right is wearing a blue jacket and glasses, with a beard. He is listening attentively, nodding his head and smiling. The conversation appears to be casual and friendly.
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470 | "
build businesses or build useful things using those tools have a very unique view of creating businesses and wealth. And again, to be on the nose for AI, it seems like you can do things that would require way more headcount than you would otherwise. Yes. And so, you know, we're not even saying we know the ideas.
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471 | "
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477 | "
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478 | "
No. We're just saying if you're watching this and you're interested in being a founder or maybe not working at a company. Yeah. And you just pay attention to every new thing that comes out and try to find these opportunities or, I don't't know arbitrage is the right word, but no, just you know, new opportunities. New opportunities using these cutting edge tools
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483 | "
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485 | "
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486 | "
and you're on the bleeding edge, you're not competing with anyone. No. It's green field. I think what's cool is any time one of these technologies shifts happens, the cost of starting a business, some set of businesses, reduces by up to like 10x. Yep. And so suddenly, businesses that either wouldn't have made sense
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487 | "
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244.96
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494 | "
or certainly a normal person couldn't just stand up and do, right? Like can you imagine just, oh, it's pre online selling in eBay. All you have to do is rent a storefront and run a store, right? Like that's cheap, right? Like, absolutely not. Or like pre-Ari-NB. Like, all you have to do is just like buy a house and set up your own air bed and breakfast
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495 | "
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500 | "
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501 | "
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502 | "
bed and breakfast thing or even by hotel yeah that's crazy crazy. Whereas like Airbnb can rent a room. And think about it. Your own place. If you saw Airbnb early and you just decided to be a host and be like, oh, I should like do this as a business. You could do it pretty well. You could do it pretty well. Yeah. When Shopify was a brand new thing, like all of these platforms exactly the people that were the first to recognize that these were
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503 | "
A man in a blue shirt is seated at a table, gesturing with his hands as he speaks to another man who is also seated at the table. The man in the blue shirt appears to be explaining something, using hand movements to emphasize his points. The other man listens attentively, occasionally responding with gestures of his own. The setting is a simple, well-lit room with large windows in the background, allowing natural light to fill the space.
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508 | "
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509 | "
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510 | "
gave them leverage yes those entrepreneurial-minded people did really well. Yes. And so I think what's so cool is that what we're saying is like if you're ambitious and you're paying attention, you might not ever need to work at a big company. You might not ever need to have a boss.
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511 | "
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307.96
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518 | "
Like you can be in control of your own destiny. And these moments don't happen every week. No. Like, we wish we did. It would be the investor. But like, when they do, the people who move. I mean, this is a very specific example. Yeah. But whatnot, the online live shopping thing, I still talk to the founders a lot.
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519 | "
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308.22
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328.00
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526 | "
And they have, I think, like, high school-aged kids selling stuff on their... Making real money, right? And making just, again, I don't even want to say the numbers. Yeah. But they figured out the format. They understand how to use whatnot. They built a user base there. Yeah. And they're basically... They're making enough money to set themselves up for their entire life.
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527 | "
A man with curly hair is speaking animatedly to another man who is sitting across from him. The man with curly hair is gesturing with his hands as he talks, indicating that he is explaining something or making a point. The other man is listening attentively, nodding his head slightly. The background shows a window with blinds partially open, allowing some natural light into the room.
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528 | "
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531 | "
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534 | "
Yeah. By just seeing this new platform, figuring it out, and then making a bet on it. Yes. I mean, this happened with Twitch. Happens with Twitch. Whole new industry, basically. Yeah. No, I think that what's cool is that we're also talking about every scale, right? We're talking about things that can be venture backed, maybe billion dollar companies one day. But we're also talking about things that can just
\n",
535 | "
Two men are sitting at a table in a modern office setting. The man on the left is wearing a light gray shirt and has curly hair. He is gesturing with his hands as he speaks. The man on the right is wearing a blue jacket over a black shirt and has a bald head with a beard. He is listening attentively and occasionally responds with hand gestures. The background features large windows with a view of a cityscape, and the room has a minimalist design with white walls and a light-colored floor.
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540 | "
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541 | "
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542 | "
set you up so that you can pay your rent and live a good life. Yep. The opportunities are across the entire spectrum. And I think that's what's really cool about new technology. Like when there's a real technology shift, it affects businesses across the board. We're not just talking about companies that YCP even fun. I think that the last point I'd want to make
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543 | "
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550 | "
on this front is that you don't get this opportunity if you're just thinking, you gotta actually do. Well, and they won't teach you this in schools. Schools teach you stuff for 10 or 20 years ago. So the other thing that I've noticed in these trends is that when you are part of the history being made and you're this early on the cutting edge of a new tech coming out, you can't expect your university or your teachers or your peers people in your community
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551 | "
Two men are sitting at a table in a modern office setting. The man on the left is wearing a light gray button-up shirt and has curly hair. The man on the right is wearing a blue jacket over a black shirt and has a bald head with a beard. They are engaged in a conversation, with the man on the right gesturing with his hands as he speaks. The background features large windows with a view of a cityscape, and there is a whiteboard behind them.
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555 | "
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556 | "
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557 | "
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558 | "
or your peers to teach you about it. It's only basically weirdos on the internet. Yes. Like the only way to find these opportunities to learn about them is to find weirdos on the internet that are also into this thing. Yes. And they're figuring it out too. that are also into this thing. And they're figuring it out too. And you can kind of compare notes. Yes. And this is how new industries are created. Literally. By weirdos on the internet. Like literally. Literally. By weirdos on the internet. Like literally. Literally, there's like some subreddit with a bunch of weirdos.
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559 | "
Two men are sitting at a table in a modern office setting. The man on the left is wearing a light gray button-up shirt and has curly hair. He is gesturing with his hands as he speaks, indicating an animated conversation. The man on the right is wearing a blue jacket over a black shirt and has a beard. He is listening attentively, occasionally nodding and smiling. The background features large windows with a view of the outside, and the room has a clean, minimalist design.
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560 | "
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561 | "
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562 | "
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563 | "
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564 | "
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565 | "
447.20
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566 | "
And like someday from now, you know, 10 years from now, there'll be an entire industry of people that learned about this thing in some subred somewhere there. Yeah, no, I totally agree. So hey, the big takeaway is if you've been wrestling your lawyers, if you thought, oh, this isn't the time to start a new business. Maybe you should reconsider. Yeah. This is a very interesting time. I think the final argument is there's a good case where a smaller percentage of the population will need to get jobs,
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567 | "
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568 | "
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569 | "
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570 | "
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571 | "
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572 | "
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573 | "
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574 | "
and more people will be able to use tools like this to be self-employed in some way. I don't think there's any, I think all the structural changes imply that more folks will just use their highly leveraged selves using all these tools to run businesses, then have to go get a job. Yeah. Right? And I think that story isn't told, right? I think the story is always this kind of depressing story of like,
\n",
575 | "
A man with curly hair is speaking animatedly to another man who is sitting across from him. The man with curly hair is gesturing with his hands as he talks, emphasizing his points. The other man listens attentively, occasionally nodding his head. The setting appears to be an office or conference room with large windows in the background, allowing natural light to fill the space.
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576 | "
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577 | "
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578 | "
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579 | "
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580 | "
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581 | "
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582 | "
oh, maybe you won't need it, you won't be needed anymore, as opposed to here's a set of tools. You could do things that people couldn't think of doing affordably before. Like you could be your own boss. You don't even need to be inside of a company to create value. Yeah. So anyways, hopefully that's inspiring. Good shot. Thanks. good shot thanks
\n",
583 | "
Two men are sitting at a table in an office setting. The man on the left is wearing a light gray button-up shirt and has curly hair. The man on the right is wearing a blue jacket over a black shirt and has a beard and glasses. They are engaged in a conversation, with the man in the blue jacket gesturing with his hands as he speaks. The background features large windows with a view of a cloudy sky.
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584 | "
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585 | "
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586 | " \n",
587 | "
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588 | ],
589 | "text/plain": [
590 | ""
591 | ]
592 | },
593 | "execution_count": 15,
594 | "metadata": {},
595 | "output_type": "execute_result"
596 | }
597 | ],
598 | "source": [
599 | "pd.set_option('display.max_colwidth', 600)\n",
600 | "\n",
601 | "segments_json = response.response.get(\"segments\", [])\n",
602 | "segments_df = pd.json_normalize(segments_json)\n",
603 | "segments_df[\"preview\"] = segments_df.apply(\n",
604 | " lambda x: IFRAME_STR.replace(\"?rel=0\", f\"?start={int(x['start_time'])}&end={int(x['end_time'])}\"), axis=1\n",
605 | ")\n",
606 | "HTML(segments_df.to_html(escape=False))"
607 | ]
608 | },
609 | {
610 | "cell_type": "markdown",
611 | "metadata": {},
612 | "source": [
613 | "As you can see, the video has been segmented into ~20s scenes each with detailed audio transcriptions and corresponding visual captions. This provides developers with a powerful means to understand the video content at a granular level."
614 | ]
615 | },
616 | {
617 | "cell_type": "markdown",
618 | "metadata": {},
619 | "source": [
620 | "### Thanks for following along!\n",
621 | "\n",
622 | "Head over to the [VLM Run App](https://app.vlm.run) to try out the [VLM Run](https://vlm.run) API for yourself!"
623 | ]
624 | }
625 | ],
626 | "metadata": {
627 | "colab": {
628 | "provenance": []
629 | },
630 | "kernelspec": {
631 | "display_name": "Python 3 (ipykernel)",
632 | "language": "python",
633 | "name": "python3"
634 | },
635 | "language_info": {
636 | "codemirror_mode": {
637 | "name": "ipython",
638 | "version": 3
639 | },
640 | "file_extension": ".py",
641 | "mimetype": "text/x-python",
642 | "name": "python",
643 | "nbconvert_exporter": "python",
644 | "pygments_lexer": "ipython3",
645 | "version": "3.9.7"
646 | }
647 | },
648 | "nbformat": 4,
649 | "nbformat_minor": 4
650 | }
651 |
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