Senior Capstone · Spring 2026

Relocating Human Value

What AI-Native Startups Reveal About the Future of Work

May 2026
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Drop in new-grad hiring at the 15 largest tech companies since 2019
SignalFire, 2025
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New grads as a share of all startup hires — down 30% from pre-pandemic levels
SignalFire, 2025
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Rise in unemployment for recent college graduates since 2022
Federal Reserve Bank of New York
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Companies planning to increase investment in generative AI over next three years
McKinsey, 2025

In 2026, the first Gen Zers born in 2004 are graduating from college. They grew up climbing trees with wired headphones, watching Saturday morning cartoons on VHS tapes at their grandparents' houses, listening to music on CDs. They are popularly called the first truly digital-native generation, and yet, compared to the iPad kids coming up behind them, they grew up practically analog.

Now they are entering a job market that has been quietly restructured beneath them.

New graduate hiring at the 15 largest tech companies has fallen by more than 50% since 2019, according to a 2025 report from venture capital firm SignalFire, which tracks more than 650 million professionals worldwide. At startups, the numbers are only slightly less grim: new grads account for less than 6% of all hires, down more than 30% from pre-pandemic levels. The unemployment rate for recent college graduates has risen 30% since 2022, outpacing the rate for all workers, according to the Federal Reserve Bank of New York. The entry-level job, the first rung on the career ladder, the place where inexperience was forgiven and expertise was built, is disappearing.

And nowhere is that disappearance more visible, or more instructive, than in the startup world, where lean teams and survival instincts are pushing companies to integrate AI faster than any other sector can.

"The entry-level careers of recent graduates are most affected, which could have lasting effects as they continue to grow their careers with less experience while finding fewer job opportunities."

Heather Doshay, partner at SignalFire

Look closely at these companies and you get a clear preview of what the broader workforce is about to face: a world where AI handles the work that used to break in new employees, leaving little room for beginners to become experts, and where the gap between a skilled senior employee and no employee at all is narrowing every day.

The AI revolution is different from every technological wave before it. The internet created jobs. The smartphone created industries. But AI does not require a person at every step. It is the first massive technology wave whose core function is to reduce the need for human involvement, not channel it somewhere new.

This distinction matters enormously for a generation that was told: learn to code, get a computer science degree, and the jobs will follow.


· · ·
Part One

What an AI-Native Startup Actually Is

Technology Adoption
AI is spreading faster than any technology in history

Source: Microsoft, November 2025. ChatGPT reached 1 million users in five days and 100 million in two months.

Technology trends compound quickly. The internet, the PC, the iPhone, apps. With each new wave, the world reorganizes around it. The years 2023 through 2025 represent the most rapid periods of advancement in the history of generative AI, from emerging technology to a tool used widely across industries in under three years. By 2025, 92% of companies planned to increase their investment in generative AI over the following three years, according to McKinsey.

Just downstream of the companies building foundational AI models, OpenAI and Anthropic, are applied AI companies building products on top of those models and tailoring them to specific uses. This has created a new category: the AI-native startup. These are not companies that added AI to an existing product. They are companies where AI is the product, or at minimum, the skeleton everything else is built around.

MindTrip, a Silicon Valley-based AI travel planning startup, offers a clear example. Its chief marketing officer, Michelle Denogen, draws a useful distinction between two types of AI. Horizontal AI, like ChatGPT, can answer questions about healthcare, parenting, and car repair in the same conversation. Vertical AI goes deep into one domain. MindTrip is vertical, it focuses entirely on travel.

"When you serve that broad level of questioning, you have to know a lot about everything, but you don't go deep in any one thing."

Michelle Denogen, CMO, MindTrip

Click to hear the interview

Going vertical meant building what Denogen calls a geo-tree — an indexed knowledge base of the world's travel destinations, pulling in pricing, reviews, photos and real-time data through third-party APIs, so that MindTrip's recommendations are more accurate and current than any general-purpose model could produce alone. But even this requires constant oversight. The model does not automatically recognize that a restaurant has closed or a hotel has changed ownership. Someone has to teach it that.

Then there is Plots, an AI-powered event discovery platform with over 400,000 monthly active users, founded by Tristan Amell. Amell started the company during a gap year in Boulder, Colorado, before attending UCLA, and he is not a trained engineer. Four years ago, when he first had the idea for Plots, he tried to build it using no-code app tools and quickly hit a wall. What has changed since then, he says, is everything.

"These tools are the worst they're ever going to be right now. So it's only going to get better."

Tristan Amell, CEO, Plots

Click to hear the interview

Simon Shin, a Harvard grad, partner at Ethos Fund and one of Plots' investors, describes a clean arc where AI sits right now in relation to human work. It started as a co-pilot, assisting with productivity while still requiring a person to do the actual job. It has since become a collaborator, with AI agents performing entire job functions. The direction it is heading, he says, is toward operator, a state where organizations could theoretically be run entirely by AI, governed by a small human board.

"I don't think we're quite there yet. But I think that's the direction we're heading in."

Simon Shin, Partner, Ethos Fund

Click to hear the interview

For now, AI is not eliminating humans in the workplace. It is relocating them. But that relocation is not cost-free, and it is not evenly distributed.


· · ·
Part Two

Inside the Office: How AI Actually Changes Daily Work

The Plots office sits on 2nd Street in Santa Monica, inside the Andreessen Horowitz workplace, it's an open space with enough snacks for the team of fifteen to survive the apocalypse. It's just one of the perks of the A16z Speedrun program, apart from a 1.75 million dollar investment. The Plots team offers a useful case study in how AI is reshaping daily work, not by replacing people wholly, but by restructuring what each person actually does.

RB
Rocco Berbetti
Sales Lead, Plots · 2+ years with the team

Rocco Berbetti has been the team's sales lead for more than two years. In the past five months, his role has changed drastically. With no coding background, he built a tool, using AI, to handle his sales outreach. The tool identifies potential leads and does the initial contact for him, the task that used to occupy most of his day.

"The possibilities are endless. I can do whatever I want and I can work on whatever I want. But I can also get distracted with how many things I can build."

Rocco Berbetti, Sales Lead, Plots

Click to hear the interview

What that has freed up, he says, is time for the parts of his job he actually values: building genuine relationships with event organizers around the world. Before AI, he handled both the account executive role, closing deals, and the sales development role, finding leads and booking first meetings. Two distinct positions. Now the prospecting function is largely automated, and he has collapsed both into something more focused.

Tristan Amell, Plots' chief executive officer, is direct about what this means structurally.

"Pretty much SDRs can be replaced with AI. And that's what Rocco's doing right now."

Tristan Amell, CEO, Plots

Click to hear the interview

It is not a hypothetical. A 2024 Bloomberg analysis found AI could replace 67% of sales representative tasks, exactly the prospecting and outreach work that SDRs traditionally perform. Rocco does not dispute that his role is changing. But he does not find it threatening.

"Yes, I think it's going to partly take over my job. But the things that I was hired to do, talk to people — I think that's not a very replaceable thing."

Rocco Berbetti, Sales Lead, Plots

Click to hear the interview
JP
Jan Prokes
Front-End Engineer, Plots · Based in Prague

Jan Prokes, Plots' front-end engineer, is based in Prague and joins the team's morning meetings remotely. As the person responsible for everything users see, for example, the follow button that turns from blue to grey and the feed that loads when you open the app, his work sits at the most visible layer of the product. And it has been transformed.

"Honestly, it's kind of changed everything."

Jan Prokes, Front-End Engineer, Plots

Click to hear the interview

Prokes describes himself now as more of a supervisor than a coder. He tells AI what to build and steers it when it goes wrong, which it does, regularly. To manage that, he developed a system: he had AI generate a rule book, and every time it makes a mistake, he instructs it to log the error so it will not repeat it. The AI now has multiple indexed files it can reference when facing a specific engineering problem. He describes himself as the architect. AI is the builder. And the builder still needs substantial guidance.

"I'm writing less and less code every day."

Jan Prokes, Front-End Engineer, Plots

Click to hear the interview
SL
Sang Lee
Back-End Engineer, Plots

Sang Lee, Plots' back-end engineer, tells a similar story. Like Prokes, he uses AI to write code and still acts as an overseer. Because AI handles more of the execution, he has taken on roles he would not typically be able to fill, functioning simultaneously as a project manager and an active developer.

"It's really the decision of the pilot."

Sang Lee, Back-End Engineer, Plots

Click to hear the interview

The freedom AI brings is real. But so is a cost Lee has started to notice. His muscle memory for fine-grained details in code is quietly eroding.

"A small fall-off of knowledge will scale along with the number of projects that went through this process."

Sang Lee, Back-End Engineer, Plots

Click to hear the interview

It is a small signal of something larger.


· · ·
Part Three

The Gap: What AI Still Gets Wrong

For years, the advice handed down to ambitious young people was consistent: learn to code, get a computer science degree from a good school, and a stable, well-paying job would follow. That advice is no longer straightforwardly true.

The data makes the case plainly. Tech job postings on Indeed are down 36% from early 2020 levels. The roles that are growing, machine learning engineers, AI infrastructure roles, are up 59% from the same period. Companies want people who can build AI systems, but they do not want entry-level workers who might be replaced by those systems. According to SignalFire's 2025 State of Talent Report, Series A tech startups are now 20% smaller than they were in 2020, and the experience paradox has taken hold: companies are posting junior roles but filling them with senior candidates.

EF
Ed Francis
CTO & Co-Founder, GigPig · Manchester, England

Ed Francis is the chief technology officer and co-founder of GigPig, a startup based in Manchester, England, that built a digital marketplace connecting musicians with venues. He has watched the dynamic play out in real time, both inside his company and across the industry.

"The advertisements are looking for very senior roles because they're getting more value out of people who have been doing it for 20, 30 years, and there's almost a mistrust in junior developers."

Ed Francis, CTO, GigPig

Click to hear the interview

He calls what he sees in new graduates "vibe coding," prompting AI to generate code without possessing the underlying knowledge to evaluate what it produces. The output can look right and be wrong in ways that only experience would catch. And experience, increasingly, is what companies are requiring.

Francis is careful to say that GigPig does not use AI to replace staff. But he recognizes what is happening at the industry level.

"I don't think we can just randomly try and squeeze every penny out of AI because it is going to have a negative effect on people."

Ed Francis, CTO, GigPig

Click to hear the interview

The irony is that AI still needs human eyes. Prokes, Lee and Francis all agree: give AI a large, underspecified task and it produces bad results. Give it a strong foundation and let it fill in the details, and it works well. For now, the human role has not disappeared, its demands are simply different.

Lee frames the risk with a metaphor: if every room in a house is built by AI without a human architect setting the structural logic, the house will eventually crumble from within. Without supervision, AI builds a house of cards.

Denogen at MindTrip pushes back on the pessimism, at least about the technology itself.

"The AI will never be worse than it is right now. For all of the issues, hallucinations, inaccurate information, all the reasons not to trust it… it will never be less capable than this. It's only going to get better, more accurate, more trusted."

Michelle Denogen, CMO, MindTrip

Click to hear the interview

She draws a comparison to Wikipedia. When it launched, teachers banned it and academics dismissed it. Now it is a default first stop for researchers, journalists and students worldwide. AI, she believes, is approaching that same tipping point, the moment when skepticism gives way to assumption.

But the pace of that shift is exactly what makes the entry-level problem urgent. The window between AI being good enough to take the job and good enough to be fully trusted is precisely the window where junior workers used to learn. And Anthropic CEO Dario Amodei has predicted that AI could eliminate as many as 50% of entry-level white-collar jobs within five years — a forecast that, even discounted, suggests the window is closing fast.


· · ·
Part Four

Hiring in the AI Age: The Rise of the Solopreneur

The common conversation among college seniors in 2026 is whether their industry will survive AI. Fields like the arts, ballet, painting, and live performance, are now spoken of — sometimes hopefully, sometimes desperately — as protected.

The World Economic Forum's 2025 Future of Jobs Report found that 40% of employers worldwide intend to reduce their workforces in the next five years due to AI automation. In professional services, finance, legal, consulting, job openings in January 2025 hit their lowest point since 2013, a 20% year-over-year drop, according to Bureau of Labor Statistics data.

TJ
Tessa James
Founder & CEO, HireGains.ai · Monaco

Tessa James, founder and chief executive of HireGains.ai, a Monaco-based startup that was founded before the AI boom and rebuilt itself as an AI-native recruiting company in 2025, sees the restructuring from a different angle. Her company uses a three-layer intelligence system to match candidates with employers: a 12-minute interview with an AI agent, a reflective evaluation for both hiring managers and candidates, and voice AI analysis to identify where candidates are most engaged.

Her primary use case is connecting domain experts in fields like financial services, law and healthcare with AI-native organizations that need that expertise to train their models.

"If AI doesn't have the right level of expertise in its training pre-deployment, the impact of getting those things wrong are very consequential."

Tessa James, CEO, HireGains.ai

Click to hear the interview

Regulated industries, finance, healthcare, insurance, are being audited closely. AI can determine whether a mortgage gets approved or flag a potential cancer diagnosis. Getting those decisions wrong is not an inconvenience; it is a liability. So human-in-the-loop protocols are becoming requirements, not options, creating a category of roles for senior experts who can supervise AI in high-stakes environments. Those roles are safe, for now. Entry-level roles in the same fields are a different story.

"People are having a hard time finding entry-level jobs. Because these functions are going to be… are starting to be… replaced by AI."

Simon Shin, Partner, Ethos Fund

Click to hear the interview

But something else is happening alongside the contraction. A growing number of people, finding the traditional job market closed, are starting businesses on their own. Shin calls it the rise of the solopreneur, and the data backs him up. According to Carta's 2025 Solo Founders Report, the share of new startups with a single founder rose from 23.7% in 2019 to 36.3% by mid-2025.

AI Adoption and Revenue
AI companies are scaling at unprecedented rates

Source: Financial Times, graphic Alan Smith. As of September 26, 2024. Data compiled by Stripe; analysis by CF Private Equity, 2025.

"If someone started a business using AI and they're making by themselves — let's say a few hundred thousand a year to a couple million a year — why would they raise venture capital?"

Simon Shin, Partner, Ethos Fund

Click to hear the interview

The answer, he says, is that they probably would not. Kevin Terrell, founder of BirchAI, put it from the founder's side: "As a new startup, if I already have a few hundred thousand in revenue with a mix of customers, why would I give away 20% of my company for a $3 to $5 million investment?" These businesses are genuinely lucrative and meaningful for the person running them, but they are not built to scale toward an acquisition or an initial public offering. The venture capital model, Shin believes, may have to change because of them.

But the solopreneur path has a prerequisite: domain expertise. Building a marketing AI agent without knowing marketing produces a mediocre marketing agent. The barrier to starting a company has dropped. The barrier to starting a good one has not.

"The barrier of entry is going to be lower and lower. So what's more important are going to be domain expertise and reputation — the stuff that you're building is actually producing results, and that takes time."

Simon Shin, Partner, Ethos Fund

Click to hear the interview

Amell is blunter about who this pressure falls on.

"If you're not leveraging AI in a tech startup, you should be worried about losing your job. That's just a fact."

Tristan Amell, CEO, Plots

Click to hear the interview

The one exception he carves out is creatives. At an events company, someone who can read a room and build a crowd brings something that does not translate into a prompt. And on the marketing side, he has noticed that the content performing best on platforms like TikTok is the content that feels most human.


· · ·
Part Five

The Future

The question hanging over all of this is not whether AI will change work, it already has, but who gets to navigate change and who gets locked out of it.

In the startup world, where AI integration is further along than in most industries, the human role has not disappeared. It has shifted. Vision, judgement, domain knowledge, the ability to catch what AI gets wrong, these are what matter now. Expertise is not just valuable, it is the entire point.

The problem is that expertise is earned over time, through entry-level work, through repetition, through getting things wrong in low-stakes environments until you build the instincts to get them right. That pipeline is narrowing.

Lee is not alarmed. He has thought carefully about what it takes to adapt, and his conclusion is that the answer is not technical skill alone.

"Change is inevitable. The best action is to accept it, accept that it'll happen, and start planning what the best course of action is after the tsunami is here. Because nobody can stop it."

Sang Lee, Back-End Engineer, Plots

Click to hear the interview

He points to something a prominent tech executive said that stuck with him: that people who think differently, those with ADHD, autism, nonlinear minds, may actually have an edge in the AI age, precisely because AI is best directed by people who do not think in straight lines.

"I think everyone needs to stay unique. Unlike how recent education has kind of shaped people to be in similar vats."

Sang Lee, Back-End Engineer, Plots

Click to hear the interview

Shin agrees that new job categories will emerge, roles like agent orchestrator, titles that do not yet exist widely but are beginning to appear in job listings. He is insistent that the underlying skills of good thinking have not changed.

"Understanding requirements, asking the right questions, organizing information, communicating clearly — those skills remain. What AI does is give people 10 times the superpowers to apply them."

Simon Shin, Partner, Ethos Fund

Click to hear the interview

The AI revolution is not an apocalypse. It is a reorganization of which tasks get done by machines, of which human capabilities become more valuable, of what it means to be indispensable. The problem is not that work is disappearing. The problem is that the on-ramp is.