@monteluna

The quiet part out loud is for the past decade, founders got a free ride with ZIRP. You didn't need to do anything real. You could roll the dumbest startup and live a life where you get to feel important telling people what to do. It was a complete misallocation of capital. 19 year old founders who who never worked an actual job got funded by their dad's golf course buddy. Employees who didn't actually do anything. Budgets for million dollar offices where everyone had unlimited PTO. Directors with budgets to spend at conferences in Vegas that end with no leads. That's over now, welcome to real capitalism. AI allows companies to ask, if we don't spend this money over here, we could just improve our product directly. And they need to ask it because if they don't, their competitors will. There's still misallocation of capital, but now we know where the smell is because it can't hide in the flat org chart of endless meetings. Poor management, bad strategy, and terrible employees get rooted out.

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