The Future of VC: Does it Exist in an AI-Powered Startup World?

Billionaire investor Chamath Palihapitiya believes that the job of venture capitalists may not exist in a world of AI-powered two-person startups. With the expected productivity gains from AI, smaller companies will be able to achieve what only larger ones could in the past. Palihapitiya suggests that the role of venture capitalists will change significantly, and there is a reasonable case to be made that it may not exist at all. He proposes an automated system of capital against objectives, making smaller bets of $100,000 or $500,000 until a startup reaches a certain level and can secure larger funding. While many Silicon Valley leaders expect AI to generate more jobs overall, Palihapitiya argues that the traditional role of venture capitalists may be replaced by automation.