Part 4/16:
Another notable point Wood emphasizes is the migration of talent within the tech industry. During the late 20th century, many founders and key personnel remained scattered across numerous startups, many of which failed or were too premature. Today, the scene looks dramatically different. Leaders and founders are increasingly leaving their startups to join industry giants like Meta, Google, OpenAI, and Anthropic, drawn by the immense resources and clear competitive advantages these firms offer.