Are we closer to seeing one-person unicorn startups? 🦄
Unicorns are shrinking in size...growing in ambition.
"I think my software engineers will go away. They will not have jobs within two years. My CTO (chief technology officer) will deliver 80% automation in software coding by the end of this year. We have already achieved 50%. The codes created by the machine are faster and better, and they fix themselves” - Naveen Tewari, InMobi CEO (AdTech unicorn)
Last year, Sam Altman predicted that soon there will be a one-person unicorn company.
Looks like, he is right. Almost.
So far,unicorns have been all bloated companies with too many employees, overlapping roles and whole lot of bureaucracy.
Look at what’s happening now.
Except for foundational model companies, the top 30 AI unicorns are less than 500 people businesses!
What jobs do you think are shrinking or disappearing because of this? From a high-level anlysis:
Sales (for e.g. Mercor, which is the new entry to AI Unicorn club doesn’t have a single sales person - is growing 50% m-o-m)
Product Management?
Less # of engineers?
Titles like VP, Senior Manager - why do you need them?
Freshers / Interns?
What’s your take?
(image credit: WA group)