Theory Ventures
@BEBischof reveals he is still hiring engineering interns because Jevons paradox means AI accelerates work faster than it eliminates it:
"I'll mention some comparables. We got Grok Bot yesterday. We got Claude Tag a little bit before that. I'm very excited about these new products. For some types of things, they're incredibly valuable."
"The way I tend to use this product is to augment me and to augment others. To give you a barometer of can I replace people with AI yet, I'm still hiring interns. I'm not even saying, oh, I only hire senior staff engineers now. I still hire engineering interns, and they're really helpful and productive and valuable."
"The frontier moves. What used to be a real pain in the butt for me, I can now have my coding agent take care of, but that doesn't make any less work for me. It's the standard Jevons paradox here."
"To answer very sharply, I think we're a couple years away from knowledge work hiring going down a lot. I think we will continue to embrace Jevons paradox and hire more."
@Theoryvc