Navin Chaddha, who leads the 55-year-old Silicon Valley venture firm Mayfield as its managing director, is betting big on AI's ability to transform

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Venture capitalist Navin Chaddha argues that AI will transform consulting, law, and accounting by enabling software-like margins in traditionally labor-intensive sectors. He advocates for targeting underserved small businesses rather than competing directly with giants like McKinsey and Accenture. His portfolio company Gruve demonstrates this approach, growing from $5M to $15M revenue in six months with 80% gross margins using outcome-based pricing. While established firms face the innovator's dilemma in adopting AI models, Chaddha believes AI teammates will collaborate with humans rather than replace them, though acknowledges short-term job displacement is inevitable.

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