Most AI Is Hype. Here’s What Actually Makes Money | Eric Bidinger

<p>Episode #159: After 17 years in private equity, Eric Bidinger switched sides of the table and became a founder.</p><p>And building companies turned out to be very different from analyzing them.</p><p>In this episode, we sit down with Eric, founder of Ask Luca, to talk about the role luck really plays in business, how entrepreneurs can increase their &quot;luck surface area,&quot; and what years in private equity taught him — and failed to teach him — about actually building a company.</p><p>We also dive into the current AI boom: why Eric believes many of the flashiest AI use cases are overhyped, why some of the most boring applications are creating the most value, and how AI could eventually understand a business well enough to underwrite it better than a traditional bank.</p><p>We get into:</p><p>• Why great operators can still lose in bad markets<br>• AI hype vs. AI reality<br>• The boring AI applications that actually work<br>• Using AI to understand cash flow and business performance<br>• Why Ask Luca is moving toward business financing<br>• What private equity may be getting wrong about AI roll-ups<br>• Why clean data matters more than sophisticated AI<br>• Increasing your luck surface area<br>• Handling the extreme highs and lows of entrepreneurship<br>• Why Eric is proud he chose something hard</p><p>A conversation about AI, investing, entrepreneurship, luck, and what changes when you stop analyzing businesses and actually have to build one.</p><p>The Twin Project with Lucas &amp; Marc.</p><p></p>