Why Coding is DEAD... and how to make money online.

TL;DR

Tech is losing its appeal as young people are turning to social media platforms like YouTube, TikTok, and Instagram to build their wealth and influence.

Transcript

all right welcome back tech lead here just another boring day for me don't know what I'm doing sitting out here in the desert Wasteland that is Las Vegas I wanted to make a quick video talking about why Tech is dead and how to make money out here okay because a lot of you guys aren't getting it you know actually I saw this tweet from Sam Altman the... Read More

Key Insights

• 🥺 Tech founders under 28 are becoming rare, leading to concerns about the future of innovation in the industry.
• 👶 Building tech products now requires more time and effort compared to the past, resulting in a decline in new startups.
• ℹ️ Social media platforms like YouTube, TikTok, and Instagram have become the primary sources of high-value content and information.
• ◼️ Traditional tech platforms struggle to compete with social media, as they lack incentives for users to share their best content.
• 😮 The rise of social media celebrities and influencers has created a new hierarchy of influence, with engineers less esteemed than before.
• 🔉 Curators who gather and share valuable content have become influential figures in the social media landscape.
• 💦 Tech jobs still offer stability and a comfortable work environment, but becoming a social media influencer might provide greater wealth and influence.

Questions & Answers

Q: Why are young people not building tech companies anymore?

Building new tech companies requires significant effort and resources, making it less appealing to young people who can achieve wealth and influence more easily through social media platforms.

Q: What are the main challenges in the tech industry today?

The tech industry faces challenges such as limited niche markets, hardware limitations, the lack of AI/ML experts, insufficient clean data for AI, and regulatory hurdles for blockchain technology.

Q: Why is social media becoming more valuable than traditional tech platforms?

Social media platforms allow content creators to own and monetize their influence, attracting the highest value content and knowledge. Traditional platforms like Facebook and Reddit struggle to compete as they lack incentives for users to share their best content.

Q: How can individuals make money in the changing landscape of tech and social media?

Instead of becoming content creators, individuals can focus on curating valuable content and insights. Curators who gather and share high-quality information have become influential figures in today's social media landscape.

Summary & Key Takeaways

• Tech founders under the age of 28 are becoming increasingly rare, causing concerns about the future of innovation in the industry.

• Building tech products has become more challenging and time-consuming compared to the past, leading to a decline in new startups.

• Social media platforms like YouTube, TikTok, and Instagram have become the go-to places for high-value content and information.