Why the Next Big AI Boom Is in Blue-Collar Jobs With Mike Ghaffary

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10d ago 39:01

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Mike Ghaffary is a General Partner at Burst Capital, a venture capital firm specializing in early-stage investments in marketplace, software, and AI companies. With an impressive background spanning roles at Canvas Ventures and Social Capital, as well as co-founding Stitcher, he has been instrumental in the growth of companies like Yelp and Eat24, demonstrating his expertise in scaling businesses. Mike has a background in computer science and holds both a JD and MBA from Harvard, and he’s invested in high-growth companies like Strava, Superhuman, Faire, and Optimizely.

In this episode…

The rise of artificial intelligence has sparked widespread anxiety about job displacement and economic upheaval. With rapid advancements outpacing traditional training models and workforce development, many are left asking: Will AI only benefit a select few, or can it create meaningful work opportunities for the broader population?

Mike Ghaffary, a seasoned investor and founder in tech and marketplaces, believes AI has enormous potential to generate — not eliminate — jobs, if applied wisely. Drawing on historical parallels from the Industrial Revolution and the early internet era, Mike explains that while disruption is inevitable, new opportunities always emerge. He highlights the importance of equipping workers to collaborate with AI, especially in skilled trades like HVAC and electrical, which are essential to supporting infrastructure like data centers. Mike also cautions founders about the risks of chasing venture-scale growth at all costs, advocating instead for profitability and strategic patience.

Tune in to this episode of the Smart Business Revolution Podcast as John Corcoran interviews Mike Ghaffary, General Partner at Burst Capital, about how AI will fuel job creation and transform Main Street. Mike also shares insights on scaling Eat24, landing a game-changing partnership at TrialPay, and why the future belongs to software-powered small businesses.

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