More or Less #114 Seed Rounds at $2B? The Dangers of AI Hype in VC With Tony Conrad
46 snips
Aug 29, 2025 
In a compelling discussion, venture capitalist Tony Conrad from True Ventures shares insights from decades in the Valley. He highlights the dangers of AI hype and the importance of emotional intelligence in investing. Tony addresses the decline of traditional social media, emphasizing authenticity in communication. He also explores new frontiers in space tech and cautions against overfunding driven by trendiness. Personal anecdotes and cultural reflections add a relatable touch, making this conversation both informative and engaging.
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Wildfire Rescue Restored A Startup
- Tony described rescuing a founder after LA wildfires by funding a bridge to buy back crucial runway and morale.
- That support helped the company recover and double its peak performance months later.
Networking Is A Contact Sport
- Venture is a contact sport and consistent in-person networking drives deal flow and relationship strength.
- Tony credits Ron Conway's brief, relationship-focused visits for teaching durable networking skills.
AI Can Supercharge Incumbents Fast
- AI integration can create massive, immediate revenue lifts inside incumbent companies when they leverage unique assets.
- But rapid revenue can mask product-quality and sustainability risks.