Honest take: most "AI businesses" listed for sale are wrappers

Hot take

Looked at 40 listings this week. 31 were OpenAI wrappers. 5 were just landing pages with email capture. 3 had real stickiness. Pricing makes no sense — wrappers asking 6x revenue, real ones asking 2x. Buy the boring one.

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u/ea1f80·1d ago

I would add — the wrappers asking 6x are mispriced because nobody can tell which ones have real prompt IP vs. which ones are fork-of-fork-of-some-tutorial. Until the marketplace has a way to verify "this prompt actually does the work," wrappers will keep getting dumb-money premiums.

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u/ea1f80·1d ago

Counterpoint: a "wrapper" with 50 customers and 4% churn is a real business. The thinness of the moat doesn't mean the cash flow is fake.

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