Electric Capital Partner: The future will be an era of small, efficient teams, and AI-first companies will dominate the market

ChainCatcher news, Electric Capital partner Avichal stated on social media that the "golden age" of software engineers in San Francisco has come to an end. From 2000 to 2020, software engineers were the epitome of high-paying professions, but with over 100,000 layoffs in the tech industry by 2024, the globalization of remote work, and the rapid development of AI technology, the wealth trajectory of this profession has fundamentally changed. He compared the rise of ChatGPT to the "2008 moment" in the software engineering field, which altered the market landscape.

However, Avichal pointed out that this is not all bad news. The future will be an era of small, efficient teams, and AI-driven efficiency gains will give rise to more billion-dollar companies built by teams of 10. AI-first companies will dominate the market, and designers, product managers, and domain experts will have unprecedented influence, driving the rise of a new generation of entrepreneurs.

He predicts that as the cost of software production continues to decrease, the enterprise software industry will undergo profound changes, and the "easy money" era for ordinary software engineers has ended, while a new "gold rush" in San Francisco has quietly begun.