There's certainly in a, there was an amount of entitlement among some of these tech employees that they should be able to earn hundreds of thousands of dollars a year forever. I think Google created this culture of entitlement because they had the money printing machine. And Silicon Valley copied it because they had no choice because it was an arms race and there was a talent, you know, war going on.
Eric Newcomer joins to break down all the trending tech topics, including Stripe raising $6B (16:31), major generative ai fundraises (35:55), Silicon Valley Bank dropping 60% (50:35), and more!
(0:00) Jason kicks off the show
(1:55) Eric’s move to independent journalism
(10:07) First Republic Bank - Discover what a long-term financial relationship can do for you. Visit https://firstrepublic.com today to learn more.
(10:57) Take rates and more on Substack
(16:31) Eric’s Scoop on Stripe
(20:43) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist
(21:46) The narrative around the tech layoffs + Generative AI
(34:24) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(35:55) The deluge of Funding into AI
(43:39) The state of VC investing
(50:35) Silicon Valley Bank drops 60%
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