Overview
- Menlo Ventures partner Deedy Das posted a viral assessment estimating about 10,000 insiders now hold well above $20 million, which he labeled a back-of-the-envelope figure.
- His post points to employees and founders at leading labs and chip firms such as OpenAI, Anthropic, xAI, Nvidia and possibly Meta as the group capturing most of the gains.
- He says layoffs and fast-spreading AI tools are reshaping daily engineering work and thinning middle management, with Business Insider noting recent AI-cited cuts at Cloudflare and Coinbase.
- He describes a deep malaise across tech as workers weigh founding startups, chasing roles at top AI labs, or retraining to avoid being left behind.
- He also writes that some newly rich founders feel unmoored rather than fulfilled, and replies on X criticized the focus on people many see as already fortunate.