{"id":148924,"date":"2025-02-07T17:00:00","date_gmt":"2025-02-07T17:00:00","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2025\/02\/07\/vc-mike-ghaffary-is-looking-for-the-job-creating-ai-startup-that-doesnt-yet-exist-techcrunch\/"},"modified":"2025-02-07T17:00:00","modified_gmt":"2025-02-07T17:00:00","slug":"vc-mike-ghaffary-is-looking-for-the-job-creating-ai-startup-that-doesnt-yet-exist-techcrunch","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2025\/02\/07\/vc-mike-ghaffary-is-looking-for-the-job-creating-ai-startup-that-doesnt-yet-exist-techcrunch\/","title":{"rendered":"VC Mike Ghaffary is looking for the job-creating AI startup that doesn\u2019t yet exist\u00a0 | TechCrunch"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Silicon Valley is madly <a href=\"https:\/\/techcrunch.com\/2024\/12\/15\/what-exactly-is-an-ai-agent\/\" target=\"_blank\" rel=\"noopener\">building AI agents<\/a> to augment human labor. If such agents work as intended, a whole swath of <a href=\"https:\/\/techcrunch.com\/2024\/01\/22\/new-mit-csail-study-suggests-that-ai-wont-steal-as-many-jobs-expected\/\" target=\"_blank\" rel=\"noopener\">jobs could become extinct \u2014 or close to it<\/a>. AI agents are poised to displace customer service reps, sales associates, executive assistants, IT admins, junior developers, and journalists. <a href=\"https:\/\/techcrunch.com\/2025\/01\/14\/boardy-ai-raises-8m-seed-round-months-after-closing-pre-seed\/\" target=\"_blank\" rel=\"noopener\">AI startup Boardy<\/a> even replaces the \u201chelpful VC\u201d by automating introductions to people.<\/p>\n<p class=\"wp-block-paragraph\">When founders or investors are asked about the <a href=\"https:\/\/techcrunch.com\/2023\/04\/21\/as-ai-eliminates-jobs-a-way-to-keep-people-afloat-financially-thats-not-ubi\/\" target=\"_blank\" rel=\"noopener\">potential job displacement<\/a> their tech will cause, the answer is always the same: Yes, AI will eliminate some jobs. But it will also create others.<\/p>\n<p class=\"wp-block-paragraph\">Ensuring that it does has become VC Mike Ghaffary\u2019s obsession. Ghaffary is best known for his time as a general partner at Canvas Ventures and previously at Social Capital. His investments include Superhuman, Strava, Faire, Optimizely, and CloudKitchens.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">On Friday, Ghaffary announced exclusively to TechCrunch that he left Canvas to join Burst Capital, a VC firm founded in 2017 by a group of former Yelp execs. Burst is led by former Yelp COO Geoff Donaker. (Ghaffary and Donaker also worked together at Yelp years ago.)<\/p>\n<p class=\"wp-block-paragraph\">At Burst, Ghaffary is looking to back companies that don\u2019t just create jobs but create good-paying middle-class jobs for the millions of people who don\u2019t have advanced degrees in AI and machine learning.<\/p>\n<p class=\"wp-block-paragraph\">\u201cAs we\u2019re seeing this job displacement, we\u2019re actually doing something about it,\u201d he tells TechCrunch. \u201cI feel like there\u2019s a lot of \u2018Don\u2019t worry. Don\u2019t look here. AI will destroy a lot of jobs, but it will create jobs, too!\u2019 As tech companies, we need to go create those new jobs we\u2019re promising.\u201d<\/p>\n<p class=\"wp-block-paragraph\">He sees a few companies doing so by offering tech to small business owners, like Owner.com, which helps <a href=\"https:\/\/techcrunch.com\/2024\/01\/31\/owner-33m-series-b-online-restaurants\/\" target=\"_blank\" rel=\"noopener\">mom-and-pop restaurant owners with marketing;<\/a> or <a href=\"https:\/\/techcrunch.com\/2023\/07\/27\/glossgenius-raises-28m-to-expand-its-bookings-and-payments-platform-for-beauty-businesses\/\" target=\"_blank\" rel=\"noopener\">GlossGenius<\/a>, which makes all-in-one booking and payments software for hairdressers.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Among his own portfolio is ResQ, which helps restaurants and hospitality businesses manage their equipment repair needs, including matching them with repair tradesmen.<\/p>\n<p class=\"wp-block-paragraph\">But Ghaffary says the biggest gap he sees is startups using AI to create high-paying jobs. \u201cI\u2019ll tell you one company I\u2019m looking for, too, that I haven\u2019t found: vocational training.\u201d<\/p>\n<p class=\"wp-block-paragraph\">He wants to see founders building startups that use AI to help people learn high-paying trades like industrial electricians or commercial plumbers, or to level up their skills in other such industries. <\/p>\n<p class=\"wp-block-paragraph\">\u201cThat\u2019s where AI could come in,\u201d he says. He\u2019d like to see an affordable plan that would offer virtual or otherwise AI-enhanced training, \u201calmost like flight simulation\u201d but for the \u201cmillions of people\u201d at risk of being left behind.<\/p>\n<p>\u201cI think there\u2019s a big opportunity,\u201d he says. \u201cAnd it\u2019s for the sake of our country and our world. Otherwise we have this big underemployed society and it\u2019s not good for anybody.\u201d<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/techcrunch.com\/2025\/02\/07\/vc-mike-ghaffary-is-looking-for-the-job-creating-ai-startup-that-doesnt-yet-exist\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Silicon Valley is madly building AI agents to augment human labor. If such agents work as intended, a whole swath of jobs could become extinct \u2014 or close to it. AI agents are poised to displace customer service reps, sales associates, executive assistants, IT admins, junior developers, and journalists. AI startup Boardy even replaces the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":148925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-148924","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/148924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=148924"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/148924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/148925"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=148924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=148924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=148924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}