This week on More or Less: Jessica Lessin, Dave Morin, Brit Morin, and Sam Lessin dive deep into the surprisingly busy summer of venture capital, the impact of AI on startups, and the changing rules for founders and investors. From Figma’s IPO and the rise of meme-driven investing to the challenge of diligence in an AI-saturated world, we tackle the uncomfortable truths and new dynamics shaping Silicon Valley today. Chapters:01:46 – Dude Perfect vs. The Circus: The Internet Killed Local Art05:46 – The Creator Quality Bar Keeps Rising07:46 – Figma IPO: Did Wall Street Fleeced Them?10:46 – SaaS Is NOT Back & The Real IPO Signal13:26 – OpenAI: The Ultimate Meme Stock?15:46 – Seed Investing is Broken in the AI Era20:46 – Valley Mood: Exuberance and Angst22:46 – The Feudalism 2.0 Problem39:46 – The Uncomfortable Truth About Founder Age & Life Stage45:46 – Deep Work, Distraction, and the Future of FoundersWe’re also on ↓X: https://twitter.com/moreorlesspodInstagram: https://instagram.com/moreorlessSpotify: https://podcasters.spotify.com/pod/show/moreorlesspodYouTube: https://youtu.be/D5Y-WZqsAlEConnect with us here:1) Sam Lessin: https://x.com/lessin2) Dave Morin: https://x.com/davemorin3) Jessica Lessin: https://x.com/Jessicalessin4) Brit Morin: https://x.com/brit

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#111 Figma, OpenAI, Canva: the Rise of Meme Stock IPOs in Silicon Valley

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