because 400k TC plus attracts people who optimize for earning high TC and not necessarily being “passionate” about the actual tech.
i’d say it’s worse for founders. i barely see any nerdy founders anymore in sf.
it is all striver types whose parents are execs or other wealthy types, and all these people want to do is rent seek or attention seek instead of making something interesting.
so many of their ai products don’t even work. the entire goal is to get suckers to pay for a few months or sign a contract to lock down “$insaneAmount arr in six months” and then blow the VC money on yacht parties and other lame stuff.