#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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1) Sam Lessin: x.com/lessin
2) Dave Morin: x.com/davemorin
3) Jessica Lessin: x.com/Jessicalessin
4) Brit Morin: x.com/brit