“We will never go after an AI focused business. Too many times you have an idea that relies on something, an API that you do not control, something that you're not in control of which puts you at massive massive risk.”

Avoid AI-Wrapper Businesses Because You Don’t Own The API That Makes Them Possible

Mike's 'can't fail' filter explicitly excludes AI-wrapper businesses because they depend on third-party APIs that can change pricing, terms, or capabilities overnight. He'd rather build boring tools where he owns the full stack than chase sexy ideas that may not exist in six months.