Builder.ai: Scandal or did they do everything right?
I'm sure most of you have read the news about Builder.ai (https://www.business-standard.com/companies/news/builderai-faked-ai-700-indian-engineers-files-bankruptcy-microsoft-125060401006_1.html) A company claiming to have an AI that could code, in reality, had 700 Indians in the background. It is flagged as a scandal in the media and on social networks. However, following the Lean startup approach and everything we discuss here (which makes sense!) 1. You don't start by building, you start by validating 2. You sell before you build 3. You manually deliver, even if you lose money, to find the best delivery concepts 4. Then, when you know what you really need, then you start automating and investing in building solutions 5. And then you optimize for profit and have a running business Perhaps Builder.ai only got to step 3/4. They did everything right, by first validating if there is a market and need, delivering "manually" while validating, then trying to rapidly build an AI. Or?