u/MundaneValuable7 wrote (the comment Michael replied to):
This shows 2023 being better than anytime from 2020 or before, so I'm not sure this is a good metric for the number of startup jobs, which is what matters. The article also mentions the recent number isn't entirely accurate as the volume of deals in the last month has been low s
u/michaelnovati replied ·
This. Huge AI deals ske butw data. Most of my friends that did startups shut them down and acqi-hired by big tech, like Whisper (Meta), Thread (Shopify), Primer (Shopify), Rockset (OpenAI).
VC money wants to go to AI but AI is being funded by big tech by paying people over $1M a year to work on it.
Rough time for startups indeed unless you worked at Google on AI for 10 years and want to do an AI startup.