This Week in Startups
This Week in Startups
Jason Calacanis
Bill Gates foresees massive AI job loss: these VCs disagree | E2330
1 hour 31 minutes Posted Aug 26, 2026 at 11:19 pm.
It's Hussein's first time on the VC Roundtable!
Gates says "turbulent era" for AI is here
Microloans, Kiva, and "universal basic income"
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Why sole proprietorships may be AI's biggest beneficiary
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Should the gov't take a stake in AI labs?
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Meta's $17.1B settlement
Is anything still fundable outside of AI?
Stripe and SpaceX deals
Skild AI's pancake flipping demo
Sheel's Hottest Takes
Dave's Charts
Who loses money when there are no IPOs?
The Agent Wars heat up
Everyone's favorite investments
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Today's show:
*Bill Gates dropped a 6,000 word warning: AI will be "the greatest equalizer ever invented, or the worst sort of injustice." The Microsoft icon has an AI agenda for the US: new national institutions, AI use taxes, and jobs legally reserved for humans only.
Our VC roundtable guests — Sheel Mohnot (Better Tomorrow Ventures), Dave McClure (Practical Venture Capital), and Hussein Kanji — push back hard. Is taxing profits a better fix for AI taking jobs than taxing the tokens themselves?
PLUS: Meta's $17B kids safety settlement… does it go far enough? Why does Stripe want OpenRouter? A peek at the VC's actual portfolio mark-ups. AND begun, the AI agent wars have. Our panel chooses between OpenClaw, Instinct, and Grok Bot.
Guests
Sheel Mohnot on X: https://x.com/pitdesi
Better Tomorrow Ventures: https://www.btv.vc/
Dave McClure on X: https://x.com/davemcclure
Practical Venture Capital: https://practicalvc.com/
Hussein Kanji on X: https://x.com/hkanji
Hoxton Ventures: https://hoxtonventures.com/
Relevant Links
GatesNotes: "The turbulent AI era is here": https://www.gatesnotes.com/a-turbulent-ai-era-and-critical-choices-to-make
NPR: Meta settlement coverage: https://www.npr.org/2026/08/26/nx-s1-5944781/meta-settlement-child-safety-lawsuit
TechCrunch: Stripe agrees to buy OpenRouter: https://techcrunch.com/2026/08/16/stripe-will-reportedly-acquire-ai-gateway-startup-openrouter-for-7b/
Skild AI S1 Demo: https://www.skild.ai/blogs/s1
Instinct AI agent (waitlist): https://instinct.co/
TechCrunch: Instinct coverage: https://techcrunch.com/2026/08/24/instincts-powerful-ai-assistant-is-raising-privacy-and-security-concerns/
CNBC: OpenAI CFO says IPO is coming in 2027: https://www.cnbc.com/2026/08/19/open-ai-ipo-timing-2027-friar.html
Basis: https://www.getbasis.ai/
TaxGPT: https://www.taxgpt.com/
Cusp AI: https://cusp.ai/
Abacus: https://goabacus.co/
Micro1: https://www.micro1.ai/
Mottu: https://mottu.com.br/
EquityBee: https://equitybee.com/
Kiva: https://www.kiva.org/
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