There is a 30 minute gap between the two waves. The slower Wave 1 folks will be at the top of the W's in about 45 or 50 minutes. Unless you are able to get from the start line to the top of the W's in 15 minutes, you will not see any of them. If you can then you are on a world record pace.
Generally speaking, you will not see anybody from wave 1 who is not on the side of the trail receiving assistance from SAR until A-Frame or so.