David Sacks

The job loss is tremendous.

And there are numbers associated with that.

8,000 people that met it after 20,000 before that.

And if you look at the steady state of these companies, they will keep decreasing.

There's nothing to do with AI.

Let me finish.

No, no, no.

They were mismanaging.

We are beyond that.

They are now getting rid of people.

When they say they're getting rid of measurers, you can take them at their word.

When they say they're getting rid of middle managers,

No, it's AI washing and scapegoating.

That is, you've given your position already, I'm giving mine.

My position is, they are obsessed with this technology, they're obsessed with earnings, and they will continue that.

Now, on the other side of the ledger, I believe we'll have a Cambrian explosion in startups, and all this talent, if they embrace the tools, to Bill Gurley's point, are going to be able to solve more problems and create small companies of five or ten people who are laid off from Amazon or Meta, and make...

double their salary or have a better job that they control.

I believe that is going to be the ultimate solution, but that transition is going to be extremely painful.

And we should have some humility on this fucking podcast for the people impacted.

Every cab driver's losing their job.