Agents will further entrench the incumbents in quantitative trading
Coding and research agents change the cost structure of quantitative hedge funds. But this does not provide for a particularly good opening for startup managers.
Reasons great engineers struggle to design well
Being deep in the code is a necessary rather than a sufficient condition for designing well.
Figma challengers
Figma was built for designers. And it was built exceptionally well for that demographic. But its dominance now becomes a liability as UI work shifts both upstream and downstream.
The LLM productivity puzzle
Code generation is arguably one of the most interesting applications of LLMs, and one of the first with real commercial use (Copilot/Codex, Codegen, etc.). If you spend time on the internet these days you’ll see people claim productivity gains ranging from 0 to 100x, selection-biased to the high end (1). Whenever you see several orders of magnitude of disagreement, it’s worth trying to understand why.