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

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

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