Based on YC's directory, there are approximately 13,000 YC founders since YC started.
105/13000 is a very small number to focus on. This data doesn't really mean anything.
105/13000 is a very small number to focus on. This data doesn't really mean anything.
For all the hubris and arrogance of the tech scene, and especially the Bay Area's, founders at least pretended to pursue a greater calling than money by leaving cushy gigs to pursue a new venture they were passionate about. Sure, that only lasted a handful of years before it became a gold rush to move to the Bay for YC and pursue the startup-to-acquisition pipeline, but they at least pretended to care.
The naked pursuit of wealth at the cost of potentially tearing apart society is mildly alarming because the scale it's happening at is so big.
In my opinion there is no "slipping mask", merely a changing of the guard that always happens when massive piles of generational wealth are at stake.
SV has always operated on exploitation of their workers, they just hid it well from the public.
Perhaps you've seen under their mask, and you know they're scamming the investors. After the NFT bubble it's a plausible hypothesis. But I don't know what it means to say that the mask just isn't there and it's naked pursuit of wealth.
The interesting thing to me is that the belief that Anthropic is going achieve something like AGI appears to have really spread through SV. If not AGI, at least greatly disturb their old cushy SaaS jobs.
Also, I still do believe some people just want to work on "cool" stuff.
edit: not just CTOs and CPOs, I mean John freakin Jumper, who got the 2024 Nobel Prize in Chemistry, left his VP role at DeepMind to have no reports, and be an IC at Anthropic.
I find this whole trend extremely interesting.
So wether it's belief in AGI or a desire for building cool stuff, as an outsider looking in, it seems to be informed by the same echo chamber of thought.
One thing I’ve noticed more and more is all the “cool” jobs require you to already be an established domain expert.
Another things I’ve noticed, and this is probably mostly just my opinions evolving, but all the “cool” stuff that catches my interest these days is not in software. Software is boring.
I mean, this is happening right now.
I doubt there are few people talking to customers and potential customers that haven't run into the "look what I rolled last week with Claude" only for it to be legitimately impressive. The idea of technical moats is evaporating in front of our eyes.
The IC pay at OpenAI alone is comparable to that of an EM at Google. CTOs at most large orgs end up earning the same as an EM at Google.
OpenAI and Anthropic pay is extremely competitive. The last time I saw something similar in SV was Google back in the 2000s.
Is it that at Anthropic, you are technically an IC due to the fact that all of your direct reports are Claude agents? That sounds about right, doesn't it?
That seems like an obvious choice to make. Managing people, looking at Gantt charts, meeting with compliance & legal and all the other organizational work of management is tedious, boring and miserable. But it pays well and signals high-status, so people do it.
If you've won the Nobel Prize, you don't need any other signal of high-status and he's surely making plenty of money at Anthropic. Of course he'd choose to spend his time doing interesting work for lots of money instead of boring work.
If you're earning $300k at some company as a "Ninja Grandmaster (World Wide) Director CTO with 50 Reports", and a "Super Stinky Junior IC" at OpenAI is earning $400k, the IC is doing better than you.
*more precisely, the cumulative compensation at the end of your career, to account for gambits. it is not relevant that you "climbed the ranks" and were bestowed the title of "CEO" at your company or that you were "entrusted" with 5000 people in the org under you - these are strictly elements of some company's internal gamification and person-role-optimization system.
While I certainly have no hand in steering the ship, agentic building brought me out of hibernation/mild depression. I am neither young, nor rich. However, I still had lots of product ideas, and now I am able to create and test them in days. And yes, I am actually making sales now.
I got into this early at Sonnet 3.5 release time, so I went through initial AI psychosis almost two years ago, but still today, I am more excited to wake up and work than I’ve ever been in my life.
Having a major leadership role at a big company is kind of a slog. Getting a chance to go back to a fast growing startup as an IC in a way that will only benefit their career (ex-Anthropic or ex-OpenAI makes your resume gold plated) is an easy choice. They can go back to any job they want after this.
I think this might only be shocking to some people who have forgotten that many people in these positions actually enjoy working on hard things and being surrounded by other like minded people. If you’ve only worked in po-dunk startups or other companies where leadership looks like a Game of Thrones style fiefdom building game it’s harder to imagine executives who are smart, capable, and enjoy working hard. It’s pretty common in Silicon Valley despite all of the sneering here.
I'm not saying it's toxic to have it on your work history, but it's far from gold plated. They'd have work to do for me, and for many, many people in the industry, to prove that I'd want to work with them.
When I say their resumes are gold-plated I mean at the companies they want to work at.
So I could imagine tons of people in those roles who would love to be ICs again if there was also a chance at outsized wealth.
(1) (digital) AGI is a real concept, and will be achieved imminently
(2) AGI will be world (and possibly more) changing.
(3) Anthropic will be the one to do that, or at least capture a large part of it
If you buy into all of these, which I'm assuming a lot of SV does at this point, then its kind of a no brainer to go to OpenAI or Anthropic. And optics wise it seems like Anthropic is "winning" right now, so thats the lab with the talent flow.
If Anthropic actually creates a singleton, contributing to that is way more impactful than being CTO at some random company (though I may disagree that said singleton would treat equity holders any differently).
It is so hard to logically accept either possibility. I am there with everyone else.
I wish I lived in boring times.