Charles Hudson argues that venture capitalists shape the future through funding decisions and should consider AI's consequences. He points to falling entry-level white-collar job demand, VCs unsure what to advise their own children to study, and the chance that optimistic AI projections won't hold up.
Chapters
So I think the privilege of being a venture capitalist is the decisions you make, as Yousef mentioned, about what you fund impact the future. And we're literally in the business of funding the world that we want to see exist. And I'm certainly not saying we stop AI or try to roll it back, but I do think we should be mindful of what are the consequences. And it's been interesting. I have a lot of friends in venture and this is becoming more selling because they have college aged children or high school age children and they're trying to figure out what advice should I give my child about what to study, what should I do if they can't find a job in their chosen and there is some early evidence that it's those entry level white collar jobs that are it's not that they're being eliminated, it's just the demand for those is going down and firms might hire fewer of those people. I also think what we might realize is that sometimes when you graduate really matters and we might learn that this optimism gives way to hey, we kind of overdid it.