tech
May 18, 2026
There's no joy in Silicon Valley these days, Menlo Ventures partner says: 'The rich aren't particularly happy either'
More money, more problems, as they say. Menlo Ventures partner Deedy Das paints a bleak picture of the mood in Silicon Valley right now.
TL;DR
- The AI boom is creating significant wealth in Silicon Valley but is also causing an existential crisis among tech workers.
- Founders and employees at leading AI companies have seen their fortunes skyrocket, yet many feel a lack of purpose.
- Many workers earning under $500,000 feel stuck in a seemingly endless career path, with layoffs increasing due to AI.
- Middle management is being reduced, leading to job insecurity and unhappiness.
- A new form of existential dread, questioning one's location and future, is prevalent.
- Some individuals are considering moving to New York City as a potential alternative.