According to him, the mood regarding the current AI boom is not excellent, even in the tech industry.
a long social media post from Dedi Das, partner at Menlo Ventures.
Das described San Francisco as “pretty frantic right now”, adding, “The divide in results is the worst I’ve ever seen.”
Using “back-of-the-envelope AI calculations”, they estimated that there are about 10,000 people – founders and employees of companies like OpenAI, Anthropic, and Nvidia – whose “retirement wealth exceeds $20 million”, while everyone else worries that “they could work a good-paying (but <$500k) job their entire life and never get there.”
At the same time, “layoffs are in full swing”, and “many software engineers feel that their life skills are no longer useful”, leading to confusion about the best career path and “a deep malaise about work (and its future)”, Das said.
This has prompted some, including entrepreneur Deva Hazarika, to set their sights on their argument that “most of the people in this post” are “incredibly lucky and can choose to be happy.”
another user suggested It’s “very new and also a little dirty” that in the current cycle, “the same technology is eating lottery tickets and your fallback”.
