Episode
Aman Verjee on AI, Market Bubbles, and Why Today’s Tech Boom Could Create Lasting Value
- Published
- Aug 13, 2026
- Duration seconds
- 2921
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Summary
In this conversation, Aman Verjee, founder and general manager of Practical Venture Capital, discusses how history can help investors and business leaders understand financial bubbles, technological disruption, and the rapid rise of artificial intelligence. Drawing on his experience at PayPal, Sonos, 500 Startups, and in venture capital, Verjee explains how secondary investing can provide access to more mature venture portfolios after early-stage risks have begun to resolve. He also explores lessons from historic bubbles including Tulip Mania, the South Sea and Mississippi bubbles, the UK railway boom, and the dot-com era, distinguishing between speculative bubbles that destroy value and technology-driven bubbles that leave behind useful infrastructure and innovation. The conversation connects these historical patterns to today's AI investment cycle, the future of work, and the skills younger generations will need to remain valuable as technology reshapes industries. Takeaways Practical Venture Capital focuses on secondary investing, providing liquidity to limited partners, executives, and shareholders while gaining access to companies and funds later in their development. Secondary venture investing can help investors avoid some of the early losses and uncertainty associated with the traditional venture capital J-curve. Venture portfolios often become easier to evaluate after five to seven years, when weaker companies have declined and successful companies begin driving a larger share of returns. Financial bubbles throughout history often share recurring conditions, including prosperity, concentrated wealth, abundant capital, speculation, and expectations that prices will continue rising. The popular narrative surrounding Tulip Mania exaggerates its broader economic i…