Jeff LangmaidFounder, The Evidence Based Chiropractor

Why Smart Money Is Betting on Service Businesses

30 May 2026 · 1 min

Watch on YouTube

0:30

In this brief commentary, Jeff Langmaid notes a trend among former San Francisco tech founders and other successful entrepreneurs: they are allocating capital toward traditional, hands‑on service businesses such as HVAC, plumbing, and physical therapy. He argues that these trust‑based, human‑delivered services are positioned for strong growth because they rely on personal relationships and expertise that are difficult to automate. By contrast, he predicts that primary‑care medical services will face significant disruption from AI tools like ChatGPT, which he believes could render many aspects of primary‑care redundant. The overall message is that “smart money” is shifting from pure tech ventures to service‑oriented businesses that are perceived as more defensible against automation.

What I have seen is that of people that I follow in the true tech space, like San Francisco guys and gals that have exited companies and everything else, they're putting more money into HVAC, plumbing, physical therapy. They're like, 100 years, maybe there'll be robots that can do it. But it's like— it's a trusted— it's exactly it. So I actually think many service-based businesses are actually in the best position for growth because in my opinion, primary care doctors are going to have their lunch eaten. There's no need. ChatGPT is already better.