Tomasz Tunguz - Experience as a Status Symbol
Tomasz TunguzVenture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. Experience as a Status Symbol
Last year, I argued every company would need an AI strategy because AI would infuse most products. But, I missed an important concept in the post. Talent. In the last year, AI experience has become a status symbol on a resume & a path to materially higher salaries. I’ve spoken to many executives seeking their next role. “I’m looking for a role in an AI company” is a refrain in every conversation. There are many reasons for this :
Most companies today are just starting to plumb the depths of AI : the applications within the company for internal productivity & deploying it externally. The surface area for innovation is staggeringly large, which means opportunity & career progression : a magnetic pitch to ambitious candidates. When technology waves crest, they cycle through a euphoric phase & then a trough of despair/disillusionment. Deriding AI as just another one of these, & anticipating the trough is logical. A compelling AI story is important to remain competitive both in the commercial market with modern products & to vie within the talent market. |
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