Ben Horowitz

I don't think so.

Like, I think that's actually kind of hard.

And, you know, and it's probably not the kind of right infrastructure anyway.

And so you need a bearer instrument on the internet.

You need internet money for these AIs to be economic actors.

And I think that's very likely to be crypto.

So I think there are many opportunities in the crypto space that have been generated by AI.

Yes, yeah, and that too, right, right, right.

Like, are you going to just have to, oh, maybe, like, I think hash-cash

Yeah.

But if there's a venture capitalist, then that kind of assumes there's an entrepreneur job now.

Yes, yes, that is true.

It's kind of hard to be a venture capitalist without somebody on the other end of the transaction.

Yeah, it's really tricky because, you know, you kind of go back to the last transition like this, which was kind of the transition to the Industrial Revolution.

So, you know, kind of the venture capitalists of the railroads and the automobiles and so forth

ended up becoming JPMorgan Chase, Goldman Sachs, et cetera.

So they ended up becoming banks.

And some of the reason for that was just how fast that materialized.

So I think in the 30s, like 20% of American workers worked for the auto industry, which is like spectacular compared to what it is today.

And so things in the Industrial Revolution kind of started out very much like we are today in venture capital, where there were, whatever, 300 auto companies and so forth.