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This is a solid take, the only thing I'll quibble with is the idea that VC funding is going to dry up. Sure, it will be less for a while, and diligence will be

This is a solid take, the only thing I'll quibble with is the idea that VC funding is going to dry up. Sure, it will be less for a while, and diligence will be much higher, but there's too much capital sloshing around that will continue looking for big returns, and where else can they get it? Theoretically you might find it in the developing world, but it's hard to make a convincing argument that the structural and corruption problems there are going to be fixed more readily than traditional VC funds who have far fewer stakeholders to wrangle when trying to recalibrate their structure and strategy.

cloverich 3y ago
Relatedly, i think about being overpaid. But everytime i end up watching folks work in non software roles, all i can think of is how badly want to automate everything they are doing. Ive built a lot of worthless stuff in my career, but every time i do build something useful, its automating some value producing activity that used to require a person. Now it can be done 10-1000x as fast, for free, indefinitely. Its easy to both under and oversell tech but i think ultimately when done well, tech produced value and experimentation is relatively cheap. Im not sure if we have passed our heyday but to me it feels there is still so much left to do and a lot of it is still pretty basic crud and workflow automation stuff.