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Empire · October 19, 2026 · 1h 10m
Which Businesses Will Survive AI? | Michael Dempsey
Jason Yanowitz talks with Michael Dempsey of Compound VC about investing without FOMO in a market gripped by AI hype. They discuss which SaaS companies can survive AI disruption, why public trust in tech is eroding, and the rise of financial nihilism alongside gambling and inequality. The conversation also explores AI's potential to transform biotech, the quiet period in crypto venture capital, and how Compound identifies contrarian opportunities.
This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.
Preview
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Michael Dempsey explains how avoiding FOMO in investing means looking beyond the obvious consensus to anticipate second-order effects, aligning with the principle of second-level thinking.
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Dempsey ties the rise of financial nihilism to increased gambling behavior and widening inequality, explaining it as a response to a system that feels permanently stacked against ordinary people.
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