The AI Boom Will Create Enormous Roadkill: Who Wins & Loses? | David Frankel

With Harry Stebbings, David Frankel · Sunday, August 9, 2026

Harry Stebbings and David Frankel delve into the complexities of seed-stage venture capital, discussing the current AI boom's impact, the challenges of fund scaling, and the evolving role of investors. Frankel shares his contrarian philosophy on fund size, the importance of founder obsession, and the increasing liquidity in secondary markets, while also touching on the societal implications of AI and the future of work.

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Key takeaways

AI isn't leading to mass unemployment; instead, it's driving "tremendous productivity gains" by automating rote tasks and expanding what's possible. Read more →
Venture Capitalists like David Frankel are seeing unprecedented liquidity in secondary markets, even for top-tier companies, due to fewer IPOs and a more developed financial ecosystem around VC. Read more →

4 articles from this episode

Frankel: AI Spurs Productivity, Divides 'Plastic Minds'

David Frankel argues AI won't cause mass job loss but massive productivity gains. Young, 'mentally plastic' builders will thrive; others will struggle to retrain.

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