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Should you build an AI startup now or wait? With frontier models changing every few months, many founders including Elon Musk believe the ground is too shaky to build on. In this conversation with Anagh Prasad from Accel India, we challenge the pessimistic view and explore why this might actually be the BEST time to build AI startups. We discuss why well-funded "first wave" companies might not be the only winners, what makes AI applications truly defensible and where the real opportunities lie in 2025-2026. 🔥 KEY INSIGHTS: Anagh's view on AI startup timing The "first wave" winners and is that all? Building defensibility: It's not just about wrapping LLMs How to think about fungible architecture in a shifting landscape AI talent in India Why the most exciting AI applications haven't been built yet Build an app or go where users are? Feature ideas vs genuine innovation and more.. 🎙️ ABOUT THE GUEST: Anagh Prasad is an investor at Accel India, one of the country's top-tier VC funds. With a background in ML and AI, he focuses on AI infrastructure and application companies. Previously, he has also achieved All India Rank 1 in IIT JEE. Connect and Explore: • Web: https://kalyanikhona.com/ • X: https://x.com/thisismekalyani • Linkedin: / kalyanikhona • The Third Frontier: https://thirdfrontier.substack.com/ • AI Lab Notes: / 7364150572851060738 • Behind India's ChatGPT conversations: https://arxiv.org/abs/2509.13337 #AIStartups #VentureCapital #BuildInPublic #AIFounders #AccelIndia #StartupTiming #AIApplications #TechDebate #Bangalore #IndiaVC