AI | Mental Health | Yash Varma

Yash Varma is a high performance coach, founder of Empress Capital — one of Australia's first AI-focused venture capital firms — and an early investor in Anthropic. Born in India and raised in Canberra, Yash spent 20 years building a global software business before turning his focus to backing the next generation of AI founders. Grateful to have him on the pod for what turned into a really honest, wide-ranging conversation about AI and mental health — the potential, the risks, and the fine line between technology that helps and technology that harms.

Timestamps:

[00:00] — Welcome & intro[01:02] — Canberra roots, rugby league, and growing up between cultures[02:00] — Starting a business on his honeymoon — and building across the world[02:38] — How 18-hour days taught Yash that health is everything[03:15] — 20 years in software, coaching with Tony Robbins & Brendan Bouchard[04:55] — Discovering AI at Stanford and launching Empress Capital[05:15] — What is venture capital? (And why Empress has a different philosophy)[07:52] — How AI can help not-for-profits do more with less[08:56] — Augmenting humans, not replacing them[10:35] — Fundraise AI: a real example helping nonprofits at scale[11:21] — AI helping families navigate overwhelming challenges[12:36] — When AI goes wrong: the risks we can't ignore[13:18] — Anthropic and the Constitutional AI approach to safety[16:30] — AI's potential role in mental health support[17:20] — The Character.AI lawsuit and the teen suicide case[19:19] — CBT-based AI tools vs talking to a general chatbot[20:02] — Ben's personal experience using AI for mental health support[21:01] — Filling the gap: cost and access to mental health care[22:05] — The danger of AI that always agrees with you[23:14] — Parasocial relationships with AI and the Character.AI warning[24:00] — Why community and human energy can't be replicated[26:07] — Is AI quietly making us less resilient?[26:56] — Yash's tips for using AI well[27:35] — How to stay adaptable without getting overwhelmed[29:44] — AI is a tool, not a product to chase[30:00] — Yash's parents: using AI to help them stay at home longer[33:19] — Technology as a neutral tool: can plant trees or drop bombs[35:03] — Earbuds, wearables, and the rise of ambient computing[36:20] — Avoiding AI slop: think critically, don't follow blindly[37:40] — Give AI context — and get dramatically better results[39:13] — NotebookLM and learning on the go[43:22] — Why stepping away from the screen might be the most important thing you do[47:12] — The disconnection paradox[47:59] — Being there for people who are struggling[55:40] — Empress Capital: what they do and how to get involved

Links:

Ben Alexander — AI, stigma & mental health conversations: https://www.abc.net.au/news/2024-03-31/ben-alexander-ai-stigma-mental-health-conversations-therapists/103644542

High Performance Life (Yash's coaching): https://www.highperformancelife.com.au/about

Empress Capital (Yash's VC firm): https://empresscapital.vc/empress-capital/

Other interviews by Ben:https://open.spotify.com/episode/3zzrEDklf8xW6RbZdMgj4d?si=_ZfFEBBFTduZyiuH1JRDXg

https://open.spotify.com/episode/2RurmSItoKCMhb8BWvahRC?si=BLSVH1kISgaqF-oM5rtS5Q

https://open.spotify.com/episode/1nOSSSbd6YpgALamkCV5Kn?si=DfmlQ16jQ7GxJcnIEwn4SQ

If this episode brings anything up for you, please reach out to someone you trust.

In Australia, you can:Call Lifeline on 13 11 14Medicare Mental Health Centre Canberra – 1800 595 212Beyond Blue – 1300 22 4636 | https://www.beyondblue.org.au