Brainstorming ChatGPT Business Ideas With Billionaire Dharmesh Shah

**Dharmesh Shah** (0:00)
Once again, I've been in software for 30 years now, doing startups pretty much my entire professional career.
The only time I've felt like, like how hard palpitations, kind of like Shaan kind of opened with us, like there's this party going on next door, and I'm here knitting, right? It's like, this is like too big to ignore. I think it's the single largest opportunity and biggest kind of tech paradigm shift we've seen since the Internet originally came out. Like mobile was big, but there was a discrete set of use cases, like when you put a camera on a phone, when you put a GPS device on a phone, a bunch of consumer apps like Uber and others came up. And that was awesome, right? But it was not like this impacts everything like the Internet did. It's like, okay, there's some businesses, some new opportunities, lots of good things, lots of money made, lots of startups. Awesome.
This is an order of magnitude bigger than that.

**Sam Parr** (0:56)
All right, what's up, we have Dharmesh back. Dharmesh, who is co-founder of HubSpot and multiple-time guest on the pod, one of the fan favorites. You're back, and I don't know what we're gonna talk about because usually we have these little cheat sheets where it's like three to five bullet points of interesting ideas, topics, experiments you've been running, things like that. And I'm sure you have those, but I don't have the cheat sheets. So where do you wanna start?

**Dharmesh Shah** (1:23)
Well, I say we start with generative AI because I don't know if you've heard, but there's this thing called Chad GPT. I get this question from my friends and family all the time. It's like, Dharmesh, have you checked out this Chad GPT thing?
I'm like, really, do you even know me? Like, of course I've played with it. I've been obsessed ever since it came out, so.

**Shaan Puri** (1:42)
Did you see, I wanna talk about your topics, but really quick, did you guys see this that, so Sam Altman co-founded OpenAI. He's like the man in charge.
I read an article where he was quoted as saying like, I have enough money and I don't want equity in the company. And I don't know if I entirely believe that, but that's wild if true, because it could be one of the more valuable companies in the world the next 10 years.

**Sam Parr** (2:07)
Yeah, he didn't, I don't know if he said it, like he didn't say it on the record on the record, but the person reporting it said, Sam reportedly has no equity in the for-profit version of OpenAI because he's already wealthy enough and didn't want to, didn't feel like he needed to or didn't want to, didn't want to have that clouding his judgment when it came to this. And like, this is pretty, you gotta bet what one private company, what one private startup is most likely to become worth a trillion dollars or more.
I think at this point, that has to be OpenAI right now. Is that right? Like Dharmesh, would you disagree with that?

**Dharmesh Shah** (2:40)
It'd be up there in the top three. Honestly, can't think of who else would rank higher in terms of the probability of getting there.

**Sam Parr** (2:47)
It's in the top three, and I don't know what two and three are.

**Shaan Puri** (2:49)
Who are the other two and three? Do you know?

**Dharmesh Shah** (2:52)
You know, I don't know.
No, I would say that one's the transformative one, right? I think a lot of the Tesla gains we've sort of seen, I'm not sure if there's big surprises left. It's like, okay, they will make it better. They'll get to full self-driving and we'll see kind of progress on that front. But in terms of just raw valuation, it's the wild card. OpenAI is the one that could actually pull that off.

**Sam Parr** (3:19)
And they get a lot of shit because people are saying like, Elon kind of is stoking this fire. How did this non-profit go to a for-profit? How did this open-sourced non-profit company, research lab basically, become a for-profit semi-closed company? And I think people are gonna take shots and make fun of OpenAI because it's clearly the new, powerful thing that's, so some people are gonna say how it's gonna ruin the world and how terrible they are. But he did give a, there was a story that came out with a good explanation, which was they were burning a lot of money in the research lab. They needed more money.
Elon was gonna be the big backer. So he was gonna pledge or commit a billion dollars to it.