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this is mostly correct though i think it misses one root cause of this, which is that a lot of the guys running multibilliondollar businesses did start once upon a time actually building things with bits of code and are deeply loath to admit that's not what they're doing anymorehttps://twitter.com/TheStalwart/status/1257055094698397696 …
nobody starts like a trading career with any illusions abt what they're doing but it is still true that the tech industry is founded on the backs of lots of people making shit they genuinely think is cool. just that none of the people in charge are the ones making things anymore
vc twitter is a world of guys moving money almost entirely disconnected from the actual ppl contributing to open source & pursuing passion projects & building actual systems not just companieshttps://twitter.com/isosteph/status/1247483403114442752 …
I sort of wonder how much if any of this is related to delayed (and uncertain) liquidity versus annual cadence of the bonus
cc @can
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