Paul Graham shares a contrarian insight about the current startup landscape: while AI represents the biggest opportunity for founders, the most underpriced opportunity lies in non-AI ideas. He argues that because the majority of founders are flocking to AI, good non-AI startup ideas are being systematically overlooked, creating an asymmetric advantage for those willing to pursue them. The implicit advice is that market attention creates blind spots, and founders with strong non-AI concepts should seize the moment precisely because competition for those ideas is unusually low.