
Steve Smith, Managing Director of Growth at Rep Cap
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Leaders,
Steve Smith, Managing Director of Growth at Rep Cap (former Partner at The Starr Conspiracy), joins Matthew Mottola to talk about the real state of AI, work, and leadership. Steve explains why the job board is dead, how the shift from venture-backed growth to private equity discipline is changing how workplace technology companies operate and hire, and why human connection still drives business in an AI-first world.
They discuss how leaders can balance automation with creativity, the rise of small and intimate events over large conferences, and how data, not AI alone, will define the next wave of workforce technology. Steve also shares his perspective on what makes great leaders today, those who can integrate technology and human insight without losing authenticity.
Chapters
00:00 Introduction to Steve Smith and Provocative Ideas
02:55 The Evolution of San Francisco’s Tech Scene
05:47 The Impact of AI on Work and Employment
08:32 Navigating the Shift from VC to PE
11:23 The Future of HR Tech and Employee Experience
14:13 AI’s Role in Transforming Business Operations
17:08 The Disruption of Legacy Systems
19:47 CEO Perspectives on Workforce Management
22:34 The Importance of Human Connection in Business
25:22 Emotional Buying Behavior in Tech
28:12 Lessons from HubSpot and Salesforce
31:14 The Future of One-Person Startups
34:00 Leadership in the Age of AI
36:36 Conclusion and Resources
Follow Up Material & Links

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