He’s a glorified portfolio manager (questionable how good he actually is given the results vs Anthropic and how quickly they closed the valuation gap with far less money invested) + expert hype man to raise money for risky projects.
All this stuff is proving to me one thing: we don’t need to get better at producing stuff faster. We need to get better at producing the right stuff. Right stuff meaning getting better at project selection.
I guarantee a firm that is really good at project selection with hand written code will annihilate a firm that is full of agentic engineers. And frankly I hope the outcome is that all those who went all in on agentic coding go out of business because they got beaten by disciplined and visionary leaders who understand this subtle and nuanced point.