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If this hypothesis (they’re starting companies of their own) is true, why not show any data on new incorporations or number of new startups? Very doubtful of this. Funding amounts could be increasing because of more capital; valuations could be increasing due to that capital chasing fewer opportunities.

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100% with you on this. Where are all these new companies, who are investing in all these one-dev startups, how did all these devs suddenly discover product market fits, ...?

A lot of seniors also realize that once you build a large enough network of former bosses and colleagues you can actually just open a consultancy shop and contract for larger companies.

My point being that just because they are not founding "one-dev startups", senior devs are much more commonly transitioning to self-employed/contracting arragements where they are setting their rates.

Most of the new companies that I'm personally familiar with are intentionally avoiding investment money and are bootstrapping up. And the devs starting them did not suddenly discover product market fits, they're finally pulling the trigger on things that have been percolating for a long time.

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