At the same time, it's definitely the case that SV was built on Shockley's "traitorous eight" and its generational successors. Big waves of change erupt in the

At the same time, it's definitely the case that SV was built on Shockley's "traitorous eight" and its generational successors. Big waves of change erupt in the wake of past layoffs and signs point to the same occurring this time. I think it can be the case both that the big firms don't take startups seriously but also soak up talent that would otherwise form those startups, simply because other competitive dynamics motivate doing so, and the talent in question ends up with a paycheck that diminishes personal motivation.