This chart is nuts. Software developer jobs down 70% from peak. People will blame the end of free money. But something way more interesting is happening. The middle class engineer is dying. And it's dying because they're not needed anymore. One good dev with Github Copilot ships what entire teams did five years ago. Microsoft just reported the highest revenue per employee in history. The "entry-level engineer" doesn't exist anymore. Instead, we have product builders who happen to code. Armed with AI, they ship entire products in days. Meanwhile, the truly elite engineers are making more money than ever. And they've shifted to working mostly on frontier tech. I mean the stuff that's really hard. AGI at OpenAI. Designing rockets at SpaceX. Self-driving car tech at Tesla. Product builders are becoming solopreneurs and creators Frontier engineers are making hedge fund money In 2025, "software engineer" doesn't mean what it meant in 2020. And that's what this chart really shows. The middle is gone. The top is elite status. And everyone else is becoming a builder.

.@YCombinator is widely regarded as the most successful startup accelerator in the world and the top choice for world-class entrepreneurs. They've helped incubate more than 90 unicorns, 45% of their companies go on to raise a Series A (higher than the 33% average), and the combined market cap of their startups is currently over $600B. To honor the final day you can apply to Y Combinator’s first-ever Spring batch (i.e. X25), I teamed up with past collaborator Palle Broe on the most in-depth and intriguing analysis you’ll find anywhere of the world’s most successful startup incubator. Palle spent over 100 hours (!!!) digging through all available public data to pull back the magic that is YC—so that others can learn from their success. Key takeaways: 🔸YC has gone from being a Consumer investor to primarily a B2B investor. Consumer companies have resulted in over $200 billion of market cap, while B2B companies are currently privately valued at some $170 billion and are on the rise. 🔸 Based on batch profiles, founders are betting on AI (specifically, B2B AI) to be the next big thing. The most promising subcategories include “Engineering, Product, and Design,” Infrastructure, and Sales. 🔸 Solo founders are at a disadvantage. Although solo founders are encouraged, the data does show a steep decline in the number of them accepted to YC. 🔸 Success has so far been driven by U.S.-founded companies. More than 70% of the startups have been founded in the U.S., and to date, 99% of returns have come from the U.S. 🔸 The durability of YC companies is significantly higher than that of the average startup. More than 50% of companies are still alive after 10 years (vs. 30% average). 🔸 The chances of startup success are higher with YC. 45% secure Series A (vs. 33% average), 4% to 5% become a unicorn (vs. 2.5% average), and 10% achieve an exit. 🔸 The VC power law also exists at YC. Four companies account for more than 85% of YC’s returns to date: Airbnb, Coinbase, Reddit, and Instacart. 🔸 The investors in YC companies are the “crème de la crème.” Tier 1 VCs frequently invest in YC companies, and some have made several hundreds of investments. Don't miss the full post: If this post inspires you, it’s not too late to start your application and apply to YC. Apply here by 8 p.m. PT tonight:

キャディ、新卒採用を始めます！ (そのうち1人はアメリカで私の隣にいて何でも屋をやってほしい)

2025年1月よりスタートしたCorelineでもオフィスアワー(壁打ち)やります！ DCM Venturesの時と変わらず、シード〜シリーズAへの投資です！ 対象：起業前/シード調達前/調達中の方 (ソフトウェア領域。直近5件くらい新規は全てAIです) 内容：事業の壁打ち、調達の相談 形式：Zoom ↓応募フォーム

＼イベント情報／ 【エムスリー×キャディ】プロダクトマネージャーのリーダーシップ論 エムスリー山崎氏@yamamutekingと書籍『最難関のリーダーシップ』を元にオフレコで語ります！ ・2月20日(木)19:00-21:30 ・定員：30人

今日のRepeat Rhymeポッドキャストでは原さんがGPとして務める新ファンド「Coreline Ventures」について深堀しました！ 1/ Corelineについて 2/ VCモデル 3/ B2B vs B2C 4/ マルチ地域戦略 5/ 意思決定 6/ キャリー配分 7/ ファンドの継続性 8/ 優位性 9/ 参考にしたVC 10/ 日本の売り込み 詳細は↓