More or Less

#114 Seed Rounds at $2B? The Dangers of AI Hype in VC With Tony Conrad


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In this episode of More or Less, Brit Morin and Dave Morin sit down with legendary VC Tony Conrad (True Ventures) for a candid conversation on the state of venture capital, the real impact of AI, the death of social media, and why non-attribution and EQ matter more than ever.Chapters:

01:30 – The Power (and Rarity) of Non-Attribution in Venture

04:00 – Building Culture After the Dot-Com Crash

06:00 – Why We Don’t Do This for the Money

08:30 – EQ vs IQ: The Human Side of Venture Capital

11:00 – The Wildfire Story: When VCs Show Up as Humans

16:50 – The Best GPs & Firms: Inspiration from Legacy and Newcomers

22:30 – Space Tech Is Real Venture Capital (Not Just AI)

28:10 – Venture Is a Contact Sport: Lessons from Ron Conway

30:40 – AI Hype: Is There Any Money Left for Startups?

40:00 – Manipulation, Social Media, and the Rise of AEO

49:30 – Building Brands in the Age of AI (and Why We Paused Consumer)

55:00 – The Dangers of AI Hype and Overfunding

57:00 – Why Contrarian Investing Can Wait—Focus on AI Now

1:04:00 – Pop Culture Corner: Taylor Swift, Branding, and First Concerts


We’re also on ↓X: https://twitter.com/moreorlesspodInstagram: https://instagram.com/moreorlessSpotify: https://podcasters.spotify.com/pod/show/moreorlesspodConnect 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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More or LessBy Dave Morin, Jessica Lessin, Brit Morin, and Sam Lessin

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