Markets sometimes experience market failure: markets are a great tool but they’re no more divinely infallible than any other human institution.
High-paying work in the US right now and software in particular is in a bit of a doldrums where the locally useful needles are like, friction to leave the platform, and the absolute limit of remnant ad load before people throw their phone at a wall, and taking a big cut out of everything, and lying constantly about what foundation models can and can’t do and shit.
I suspect it feels this way because this is a pretty exceptional run where the Valley just doesn’t have shit for the LPs. It was Web3 and then the Apple Watch (or vice versa) and then it was WeWork and then it was the Metaberse and now it’s “AI”.
But it will get better: dumb, lazy, corrupt management eventually gets rotated out. This crop is really hanging on by their fingernails, but the writing is on the wall.
High-paying work in the US right now and software in particular is in a bit of a doldrums where the locally useful needles are like, friction to leave the platform, and the absolute limit of remnant ad load before people throw their phone at a wall, and taking a big cut out of everything, and lying constantly about what foundation models can and can’t do and shit.
I suspect it feels this way because this is a pretty exceptional run where the Valley just doesn’t have shit for the LPs. It was Web3 and then the Apple Watch (or vice versa) and then it was WeWork and then it was the Metaberse and now it’s “AI”.
But it will get better: dumb, lazy, corrupt management eventually gets rotated out. This crop is really hanging on by their fingernails, but the writing is on the wall.