Check out [[Daily Reading]] for context. ## Today's Pick of the Internet #### [The One-person Billion-dollar Company](https://every.to/napkin-math/the-one-person-billion-dollar-company) Recently, Sam Altman claimed that it could be possible to have 10-person billon dollar companies in the future with people being replaced by AI. In this article, Evan Armstrong examines the idea. First things first, what is valuation? It is not just an inflated number often grounded less in reality and more in wishful thinking? Would a high valuation really indicate high output? Valuation does not equate to profit. So, when Sam Altman says "1 billion dollar company", it could mean "1 billion dollar valuation" than "1 billion dollar in profits". Currently, there are no companies even remotely close enough to achieving this. Challenges to create a billion dollar company with few employees - AI tech is not flawless enough to replace humans - If AI tech becomes flawless enough, the pricing would be low enough to encourage democratic adoption. This would mean "everybody has the same tool to give competitive advantage" and therefore, "nobody has any real advantage" - "The closer your digital product is to being able to solve a problem for a customer, the easier it is for a customer to build it themselves with AI" --- #### Like what you see? Would you like to support me? Easy! Head over to [this link](https://refind.com/?invite=7b7e76f6e0) and subscribe to receive **Refind** newsletters. Every day Refind picks the most relevant links from around the web for you. Loved by 400k curious minds.