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

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 Art

05:46 – The Creator Quality Bar Keeps Rising

07:46 – Figma IPO: Did Wall Street Fleeced Them?

10:46 – SaaS Is NOT Back & The Real IPO Signal

13:26 – OpenAI: The Ultimate Meme Stock?

15:46 – Seed Investing is Broken in the AI Era

20:46 – Valley Mood: Exuberance and Angst

22:46 – The Feudalism 2.0 Problem

39:46 – The Uncomfortable Truth About Founder Age & Life Stage

45:46 – Deep Work, Distraction, and the Future of Founders

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Connect with us here:

1) Sam Lessin: https://x.com/lessin

2) Dave Morin: https://x.com/davemorin

3) Jessica Lessin: https://x.com/Jessicalessin

4) Brit Morin: https://x.com/brit