The author suggests that despite a decrease in funding, the future of tech startups remains promising. AI startups are expected to dominate, but healthtech, EV, and metaverse startups could also push boundaries and shape the world. The author advises startups to test their products with real users, understand the market, identify a unique value niche, and consider regulatory compliances. For metaverse startups, securing pre-seed and seed funding for business sustainability is recommended.
Key takeaways:
- AI startups are gaining preference among investors, but there are concerns about an 'AI bubble' and the need for tangible outcomes and revenue.
- Healthtech startups are on the rise, with large corporations like Alphabet, Amazon, Apple, and Microsoft investing in the sector, but there are challenges in providing tangible short-term results and making advanced solutions accessible to the public.
- Startups are exploring the EV infrastructure due to increasing demand for EVs and the need for support infrastructure, with companies like ElectroTempo and ItsElectric providing software, analytical, and hardware solutions.
- Despite a decline in funding, metaverse startups are venturing into the industry due to the projected growth of $1.3 trillion by 2030, but they are advised to secure pre-seed and seed funding for sustainability.