Venture capitalists discuss how their funding choices shape the future, particularly AI's impact on entry-level white-collar jobs. Early evidence shows reduced demand for some junior roles, and speakers warn that VCs fund the world they want to see, urging them to consider downstream consequences before backing AI.
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.