Core Viewpoint - The article provides a comprehensive guide for individuals interested in starting an AI startup, detailing the entire process from preparation, team building, to fundraising, based on the author's extensive experience in entrepreneurship and investment [1][5]. Group 1: Startup Preparation - It is advisable not to rush into quitting a stable job; instead, consider working while starting the business to ease the transition [6]. - Automating daily work can free up time for entrepreneurial activities, allowing for a smoother startup process [6]. - Achieving financial independence is prioritized over securing large investments; profitability is deemed more important than high valuations [3][6]. Group 2: Building a Personal Brand - Developing a personal brand is essential; engaging in open-source projects and publishing creative content can enhance visibility [7]. - Collaborating with reputable publishers or speaking at industry conferences can help in building a professional network and generating income [7]. Group 3: Team Formation - Finding the right partners is crucial; the company should focus on assembling a skilled team rather than following traditional hiring processes [8][9]. - Remote collaboration can reduce operational costs significantly, with a focus on a lean structure to minimize the burn rate [9][10]. Group 4: Financial Management - Every dollar spent should be strategically allocated; avoiding unnecessary expenses on incubators or paid introductions is recommended [10][11]. - It is suggested to maintain a low-cost lifestyle and explore alternative income sources to support the startup financially [12]. Group 5: Networking and Fundraising - Building a professional network is vital for resource expansion; leveraging platforms like LinkedIn can facilitate connections [14]. - Preparing for a potential two to three-year period without external funding is essential; self-sustainability should be a priority [15][16]. Group 6: Risk Management - Entrepreneurs should possess a high "risk IQ," enabling them to navigate uncertainties and maintain focus on long-term goals [17].