I like this piece, but I think it misses an opportunity to comment more broadly on the dynamic at work. My own impression can be glossed in roughly this way: most money goes to the here and now, most careers go to the future (not an overwhelming majority in either case though, and FTX may have changed the funding balance). This makes sense based on talent versus funding gaps, and means the two don’t really need to compete much at all, indeed many of the same people contribute to both in different ways.
I like this piece, but I think it misses an opportunity to comment more broadly on the dynamic at work. My own impression can be glossed in roughly this way: most money goes to the here and now, most careers go to the future (not an overwhelming majority in either case though, and FTX may have changed the funding balance). This makes sense based on talent versus funding gaps, and means the two don’t really need to compete much at all, indeed many of the same people contribute to both in different ways.