Vinod Khosla - founder of Khosla Ventures | In Good Company | Norges Bank Investment Management

Radical technological and societal shifts are driven by "improbable" ideas that experts often dismiss by extrapolating the past. Entrepreneurs succeed by identifying these high-impact, low-probability opportunities and applying first-principles thinking to overcome conventional limitations. Artificial intelligence is poised to commoditize expertise and labor, potentially ushering in an era of deflationary abundance where AI agents and bipedal robots handle complex tasks. While these advancements promise to democratize access to healthcare, education, and energy—through innovations like personalized medicine and nuclear fusion—the transition will require significant policy intervention to manage labor displacement. Venture capital success in this landscape depends on backing persistent founders who learn rapidly, challenge established biases, and possess the resolve to transform improbable visions into reality.