I'm 22 and I bet $80,000 of my savings on an industrial AI startup. Now I'm dropping out of college to go all-in.

• Anderson Chen, 22, is planning to drop out of college to focus on his industrial AI startup, Operon.
• He says being a young founder in an industry dominated by older rivals has helped him attract clients.
• His startup has Y Combinator backing, and he says being young helps him attract interest from clients.

This as-told-to essay is based on a conversation with Anderson Chen, 22, the Taiwanese founder and CEO of San Francisco-based Operon Solutions, an industrial AI startup backed by Y Combinator. It has been edited for length and clarity.

During my first gap year, I started Operon, an industrial AI startup. We automate tasks that used to be run by human operators and specialists in heavy industries, including manufacturing, oil and gas, and construction.

I initially thought I’d go back to school. But Operon grew exponentially toward the end of my first gap year, so I decided to take another year off.

During that year, I realized that even if you graduate, it doesn’t mean you’ll figure things out.

I was quite scared of dropping out, to be honest. Having a bachelor’s degree is the Asian standard.

My parents were also initially concerned because they thought I was doing badly at school. But my gap-year expenses were covered by a fellowship, so it was no risk for me.

Now my parents are okay with my plans. They’re like, “Okay, go for it.”

I think AI is changing the value of a college degree

Another reason I’m planning not to return to college is that AI is moving so fast.

I realized that if you know how to use AI effectively, you might even be able to outperform your own professor.

I saw an opportunity to bring AI into heavy industries

I started Operon after doing internships at manufacturing companies and connecting with manufacturers and founders in Taiwan.

I saw engineers throwing engineering PDFs into ChatGPT and asking it to understand them and write engineering documentation.

In manufacturing, humans follow very rigorous standard operating procedures. But the data in heavy industries is too hard for AI to understand. It’s too messy.

So we’re structuring everything together, building a context layer for them, and allowing these agentic workflows to actually happen.

We have about 20 clients. Some of our projects are proofs of concept, while others are already full contracts.

I put almost all my savings into my AI startup

Before we raised funds, I put almost all my personal savings into Operon. It was around $80,000. I’m not paying myself a salary, although we’re paying our employees.

I made the money from businesses I started before Operon. When I was 14, I was selling sneakers and doing Amazon dropshipping.

While I was in college, I built a tutoring agency connecting Malaysian students with parents of children attending international schools in Singapore. I did marketing for the tutors and hired a bunch of them.

Being young in an old-economy industry has its advantages

Our team has five people, all under 30. The oldest is 26, and the youngest is 16.

I think there’s skepticism because we’re working in heavy industries, and the founders of our competitors are all in their 40s and 50s.

Skepticism brings exposure, and people will naturally be intrigued. They’ll be thinking, “Oh my God, how are you able to break into this space? I have to check it out.”

Read the original article on Business Insider