Every investor and founder thinks they are individually smart now and that they are the exception but collectively we are all dumb. This is now a systemic crisis.
We may be losing people today but market share is next. The reason why Indian software replaced locally built software in our banks was that the developers relocated. We are going to start seeing it soon for startups and their products. The great replacement doesn't waste time.
People are raising money now to hire globally. The days of the illusion startups creating jobs locally are over. Even the most of the value they create goes to foreign investors. I joked not long ago that the founders of some of our major startups don't live in Africa. It is true
Everything about tech locally is now a mirage. The more you look, the less you see.