
More or Less Podcast
Breaking down technology, capital, and media with Dave Morin, Brit Morin, Sam Lessin, and Jessica Lessin every Friday wherever you get your podcasts. For 15 years, the Morins and the Lessins have debated the future of Silicon Valley and tech as the closest of friends. Now six companies, two venture funds and more than a decade at Google, Apple and Facebook later, they are opening up the debate. From The Information, Offline Ventures and Slow Ventures. Follow the crew: http://x.com/davemorin http://x.com/brit http://x.com/jessicalessin http://x.com/lessin Follow the pod: http://x.com/moreorlesspod http://youtube.com/moreorlesspod https://open.spotify.com/show/2CJdt6HhJ8ioNkbqqVKckC
Episodes


Stripe Is Trying To Buy PayPal For $150b | OpenAI Cyber Incident, Frontier Model Economics, Peptides

Open Source AI Wins. Now Labs Are Running to Washington |Thinking Machines, Johnny Ive, Realtime API

AI Frontier Lab Is Essentially Doomed | Open AI Offered U.S. Equity, Xbox Is In Trouble, Post-AGI

Every CTO Is Quietly Switching Off Anthropic and OpenAI | GLM 5.2, Vox Americanus, Claude Fable 5

Chinese AI Model GLM 5.2 Beating Frontier Models | Meta Glasses, Polymarket Scandal, AI Talent War

SpaceX Hit $2.5 Trillion. Now Watch What Elon Buys Next.

Teamshares IPO: $60M EBITDA, 92 Companies, Zero Exits
Teamshares CEO Mike Brown details the evolution of his company from a small-business acquisition project into a scalable, tech-enabled platform for permanent employee ownership. By applying principles from the Toyota production system, the firm standardizes back-office processes and financial reporting across nearly 10...

Apple’s New Siri, SpaceX’s $300B IPO & the AI Company Killing Its Own Brand
Apple’s recent developer conference highlights a strategic shift toward integrating advanced AI into the iPhone ecosystem, with Siri serving as a primary interface for complex, on-device queries. While Apple maintains its focus on consumer experience, the broader technology industry is defined by an "arms dealer" dynam...

Silicon Valley IPO Summer 2026: SpaceX, Anthropic, OpenAI Explained
The current tech landscape is defined by "narrative capitalism," where high-valuation IPOs like SpaceX, Anthropic, and Cerebras rely more on inspirational storytelling than traditional financial metrics like discounted cash flows. While AI agents are being integrated into enterprise workflows, their actual capabilities...

Normal People Don't Want AI Agents (And Silicon Valley Can't Accept It)
AI adoption is hitting a plateau as enterprises struggle to justify the high costs of frontier models against measurable returns. While tech leaders emphasize the transformative potential of agentic AI, current usage patterns suggest that productivity gains remain uneven and often limited to specific, highly technical ...

Google I/O Just Killed SEO? Agentic Search, Universal Cart, and the New Web

Google's AI-First Laptop, Meta's Spy Games, AI Monks in Middle America

Why the Met Gala Hates Tech, Elon vs OpenAI Drama, and the Rise of Chinese AI Models
AI business models currently mirror historical infrastructure investment cycles, where massive capital expenditure precedes long-term value creation. While public sentiment—often characterized as "techlash"—remains hostile due to concerns over job displacement and wealth inequality, the democratization of software deve...

Elon Musk vs OpenAI Trial, Google Cloud Surge, Meta’s Blocked Acquisition, Anthropic Winning

What Tim Cook’s “Executive Chairman” Move Really Means | Musk vs OpenAI, xAI and Cursor Rumors

Allbirds Pivoted to AI Data Centers | SpaceX $1.5T IPO, Anthropic $800B, $175M Seed Rounds

Vercel CEO: 70% of Our Traffic Is Now AI Agents "Nobody Was Prepared" | Anthropic, OpenClaw, OpenAI
The "agentic internet" is fundamentally reshaping software infrastructure and business models, as evidenced by the fact that 70% of traffic to Vercel’s documentation now originates from coding agents rather than humans. This rapid shift demands a transition from traditional seat-based subscription models to consumption...

OpenAI's $852 Billion Valuation Makes Zero Sense (ClawCon Tokyo, Anthropic's Leak, Goodbye Internet)

The New Startup Stack: One Founder + Agents | Henrik Werdelin (Audos) and Ben Broca (Polsia)
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