In reality, VC is probably the most threatened because value and investment dollars have increasingly accrued to large public companies and a handful of a growth companies, the power law has never been stronger and returns never more stratified.
You can't just build a fund throwing out money at Seed and Series A SaaS companies anymore, more than ever company spend is going towards a few AI providers as "buy vs build" shifts in the opposite direction than before
And additionally you could argue that LLM coding is replacing the need for much of pre-Seed and Seed money that would go towards hiring the first 1-3 engineers and MVP development
It is same time hilarious take as described in the article but also a weird take for smart man in many ways: surely entrepreneurship itself will also change if AI did replace most of the human jobs. Why would those psychological factors matter as much as they did?
For some time a lot of people though these guys were going to be the "cool" elites that can influence the government positively, and people were willing to vote for this administration because it would be "their turn at the table".
They're just cringe, awkward, and just as damaging - if not more - then the previous elites in modern times.
At least the oil barons, big pharma, banks etc stayed in the shadows - these guys are celebrity divas...
How many iterations are we going to need to end this sort of wealth?
In reality, VC is probably the most threatened because value and investment dollars have increasingly accrued to large public companies and a handful of a growth companies, the power law has never been stronger and returns never more stratified.
You can't just build a fund throwing out money at Seed and Series A SaaS companies anymore, more than ever company spend is going towards a few AI providers as "buy vs build" shifts in the opposite direction than before
And additionally you could argue that LLM coding is replacing the need for much of pre-Seed and Seed money that would go towards hiring the first 1-3 engineers and MVP development
One Job Is Mostly Safe from AI: Crackheads
It is same time hilarious take as described in the article but also a weird take for smart man in many ways: surely entrepreneurship itself will also change if AI did replace most of the human jobs. Why would those psychological factors matter as much as they did?
For some time a lot of people though these guys were going to be the "cool" elites that can influence the government positively, and people were willing to vote for this administration because it would be "their turn at the table".
They're just cringe, awkward, and just as damaging - if not more - then the previous elites in modern times.
At least the oil barons, big pharma, banks etc stayed in the shadows - these guys are celebrity divas...
How many iterations are we going to need to end this sort of wealth?
"Everyone's job is automatable but mine!"
It could definitely take over coming up with hilariously bad takes for him.
You can’t even parody these people anymore for fucks sake.