If founder keep iterating and hyping his ovens with enough capital he could become big player in oven maker space and disrupting industry. Learning from this article was that he lacked capital and vision.
I've just been through this process. Very painful. SF based company, US founder.
Same founder story - couldn't focus on customers, couldn't focus on product, always a shiny new idea to distract him from had just been decided or what needed to be decided. Each idea could be the thing that made the difference. Willing to work hard, very capable of talking a good game, not able to deliver.
Tesla had a product that worked, was essentially first and best on the market, not that many models, not that many features. Focusing on the hype and gloss is ignoring a lot of substance. What even is the point of criticising a startup for its hype when its exactly what people want to hear and aligns to a lot of real, significant, ongoing research?
"If the founder had capital and vision" is pretty much tautological. It's true but not particularly useful to know that people who have money and know what to do with it will probably succeed.
Tesla was overhyped in the first decade after acquisition by Musk; it was bleeding money for 15 years. Arguably, the first Tesla cars were worse and pricier than traditional cars.
My point is that compared to the US, in Europe you have very few stories of successful stealth startups or startups that have needed lots of money for many years. That is a main reason why we cannot create a frontier LLM lab.
just pull harder on the vision bong, and grab some more of that sweet capital bro, or you're not gonna make it