Ian Dunning

It creates a have-have-nots dynamic that possibly compounds as you have more success, you make more money, you're more willing to eat now $1,000 a day per person for token spend.

You go even faster and this feeling again of compounding acceleration, which might be delirium, but you could make an argument for why it could be a real effect instead of more winner-take-all context where speed of improvement is like the key thing.

There's a story there, I think.

Or delirium, I don't know.

Yes.

It's changed a bit.

There's a lot of dynamics going on.

There's still a feeling that if you are plucky enough, you can get a VC to fund your idea based on very little.

You have the right pedigree.

And that's always been true, I guess, in some sense.

This is like the YC philosophy, in some sense.

It's just that some of the numbers and the FOMO feeling is quite shocking.

And so that's actually a form of competition.

Just like, why didn't I go create a startup?

I don't have any ideas or anything.

I'm just going to make a startup.

For the big labs, the question of upside, remaining upside, now I guess there are two big ones that are a trillion-dollar valuation.

Where do you go from there?

I think that's affecting people's level of forward-looking optimism.

For people who are taking offers now and for people who are at those places and looking to leave, generally it's a question of, well, they've become big tech.