April 2026: Meta cut 8,000 jobs, Microsoft launched first-ever buyouts, ~80,000 tech jobs gone in Q1 — 50% AI-driven. The bar moved. So should your portfolio.Read the Thesis →

// RESEARCH APPENDIX

Every Claim,
Cited and Transparent

The quantitative claims in our thesis are based on specific formulas, peer-reviewed research, industry reports, and clearly stated assumptions. This page provides full transparency on our methodology.

// FORMULA_01

Communication Overhead Formula

For n people in a fully-connected team:

Communication channels = n(n-1)/2

Source: Brooks, The Mythical Man-Month (1975)

Team SizeCommunication ChannelsImplication
7 people (CTO model)21 channelsManageable without formal process
50 people1,225 channelsRequires hierarchy and managers
100 people4,950 channelsRequires bureaucracy, PMO, Jira, Confluence
200 people19,900 channelsMost time spent coordinating, not building

This formula explains why teams naturally introduce managers, processes, and documentation as they grow. The overhead isn't optional — it's mathematically inevitable beyond ~7 people. Miller's Law (1956) independently confirms this threshold.

// FORMULA_02

Brooks's Law, Revisited

The Original Law (1975)

"Adding people to a late software project makes it later."

— Fred Brooks, The Mythical Man-Month

The Inverse (2025)

"Removing people from a software project (and replacing with AI) makes it faster."

— The CTO Thesis

Why the Inverse Now Holds

  • *Brooks's Law was based on communication overhead — each new person adds n-1 new communication paths
  • *AI doesn't add communication paths — it amplifies existing human capacity without coordination cost
  • *Replacing 10 people with 1 CTO + AI removes 45 communication channels while retaining most execution capacity
  • *DORA 2025 confirms: AI improved individual metrics but organisational delivery stayed flat — structure, not tools, is the bottleneck

// ESTIMATES

AI Force Multiplication Estimates

Based on 2025-2026 capabilities and our direct experience building with AI tools. Cross-referenced with Google and Anthropic internal studies showing 1.5-2x gains for senior engineers.

Task TypeMultiplierNotes
Boilerplate code3-5xCRUD, scaffolding, config — heavily accelerated by AI (Google internal data)
Standard CRUD2-3xEndpoints, forms, data flows (Anthropic internal studies)
Complex business logic1.5-2xRequires CTO judgment; AI accelerates but does not replace expertise
Novel architecture1-1.5xAI assists with patterns; METR found 19% slowdown on unfamiliar complex tasks
Strategic decisions1xNo AI advantage — pure human judgment
=

Weighted Average

For typical product development: 1.5-3x acceleration (varies significantly by task type)

METR study caveat: experienced devs were 19% slower with AI on complex, unfamiliar tasks. The multiplier only holds when senior practitioners direct the work — which is exactly what our model provides.

// VALUE_CREATION

Value-Creation Percentage Estimates

The percentages used to calculate "effective output" are based on time-tracking studies, industry surveys, and our direct experience across dozens of engagements.

Traditional Org Breakdown

  • CTO:70% coordination (board meetings, stakeholder management, strategy alignment) → 30% value-creation
  • VP Eng:85% coordination (team management, planning, reporting) → 15% value-creation
  • Eng Manager:90% coordination (1:1s, standups, planning, performance) → 10% value-creation
  • Senior Eng:50% coordination (code review, mentoring, meetings) → 50% value-creation
  • Engineer:40% coordination (meetings, waiting, context switching) → 60% value-creation

CTO + AI Model Breakdown

CTO with AI: 15% coordination (minimal sync meetings) → 85% value-creation

The 85% figure is achievable because there's no management layer, no handoffs, and no waiting for others. McKinsey's "human-agent delivery pods" model describes exactly this structure.

// ASSUMPTIONS

Salary & Cost Assumptions

All salary figures are UK market rates for technology companies (total compensation including base + bonus). These are the figures used in our thesis comparison models.

RoleTotal CompensationSource
CTO£280kGlassdoor, Levels.fyi 2025-2026 UK data
VP Engineering£220kGlassdoor, Levels.fyi 2025-2026 UK data
Engineering Manager£160kGlassdoor, Levels.fyi 2025-2026 UK data
Senior Engineer£140kGlassdoor, Levels.fyi 2025-2026 UK data
Engineer£110kGlassdoor, Levels.fyi 2025-2026 UK data

Additional Cost Factors

  • *Benefits & overhead: Add 25-35% to base salary for true employer cost (NI, pension, benefits)
  • *AI tooling: ~£1k-2k per developer per year (Cursor, GitHub Copilot, Claude, etc.)
  • *Infrastructure: Not included — assumed similar for both models
  • *Recruiting costs: 15-25% of first-year salary (not included in annual figures)

// BIBLIOGRAPHY

Sources & References

Every major claim in the thesis is backed by the following sources. Where we extrapolate beyond the data, we say so explicitly.

01

McKinsey & Company, December 2025

"Superagency in the workplace: Empowering people to unlock AI's full potential"

  • 80% of C-suite executives already running agentic AI pilots
  • 20-30% expected contraction in traditional tech services market
  • $400B incremental AI spending opportunity by 2030
  • 15-30% of current roles' work could be done by agents within 3 years
  • Winning model identified as "human-agent delivery pods with centralized governance"
02

Fortune, February 2026

"AI's 'February 2020' Moment"

  • Up to 50% of entry-level white-collar jobs at risk in coming years (Amodei prediction, reported by Fortune)
  • Matt Shumer (CEO HyperWrite): "I describe what I want in natural language and it just appears"
  • Disruption is visible but most organisations haven't felt the impact yet
03

Citrini Research, 2025

"The Intelligence Displacement Spiral"

  • Agentic coding tools could replicate mid-market SaaS in weeks (scenario analysis)
  • Global intelligence crisis projected by 2028, software as ground zero
  • In a displacement scenario, tech ZIP code housing could drop 8-11% (hypothetical analysis)
  • PE-backed software companies face rising default rates
  • Self-reinforcing cycle: cost savings fund more AI investment, accelerating displacement
04

DORA State of DevOps Report, 2025

"Accelerate: State of DevOps"

  • AI improved individual developer metrics (lines of code, PR speed)
  • Organisational delivery throughput remained flat — tools alone don't solve structural problems
  • Teams that redesigned workflows saw genuine gains; teams that added AI to existing processes did not
05

METR (Model Evaluation & Threat Research), 2025

"Measuring the Impact of AI Coding Tools on Developer Productivity"

  • Experienced developers were 19% slower with AI on complex, unfamiliar tasks
  • AI tools helped most on simple, repetitive tasks — least on novel or architectural work
  • Conclusion: seniority and judgment matter more than tooling alone
06

Google & Anthropic Internal Studies, 2024-2025

Internal productivity measurements

  • 1.5-2x real productivity gain for senior engineers using AI tools
  • Gains concentrated in developers who could already write the code — AI accelerated, not replaced, judgment
07

Dario Amodei, CEO Anthropic, 2025

"Machines of Loving Grace"

  • AI will match expert-level capability "across virtually every relevant field"
  • Timeline for workforce restructuring is compressing faster than consensus estimates
08

Fred Brooks, 1975

"The Mythical Man-Month"

  • "Adding people to a late software project makes it later"
  • Communication overhead grows as n(n-1)/2 — the mathematical basis for our coordination cost model
09

George A. Miller, 1956

"The Magical Number Seven, Plus or Minus Two"

  • Humans can effectively coordinate with 7±2 people without formal hierarchy
  • Beyond this threshold, teams require managers, processes, and documentation — all overhead

// CAVEATS

Limitations & Caveats

We believe in intellectual honesty. Here's what we're less certain about.

  • 01Sample size: Our direct experience is with dozens of projects, not hundreds. Individual results vary based on domain, complexity, and client engagement.
  • 02Selection bias: CTOs who self-select into this model may be unusually high-performing. The model requires a specific kind of practitioner.
  • 03AI capabilities are a moving target: These estimates reflect 2025-2026 AI. They will likely be conservative within 12 months as models improve.
  • 04Domain-specific: Results are strongest in web/mobile SaaS. Hardware, embedded systems, and heavily regulated industries have different dynamics.
  • 05Coordination percentages: Based on industry surveys, time-tracking studies, and our direct experience — not controlled experiments.
  • 06Third-party research: McKinsey, Citrini, and Fortune figures are cited as reported. We have not independently verified their underlying methodologies.

Questions About Our Methodology?

We're happy to discuss our research and assumptions in detail. Book a call or read the full thesis.