#2: Reddit and the death of the public internet; the end of the VC "epoch"

Published: June 16, 2023, 7 p.m.

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Entrepreneurs and investors The Morins and The Lessins\\xa0discuss the week in tech, including Reddit\'s\\xa0API changes, the perilous state of venture capital and Google\'s coming antitrust wars.

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Discussed:

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https://www.theinformation.com/articles/why-youtube-could-give-google-an-edge-in-ai
https://www.theinformation.com/articles/tcv-raised-50-to-75-less-than-planned-for-new-venture-fund
https://www.theguardian.com/music/2023/jun/13/ai-used-to-create-new-and-final-beatles-song-says-paul-mccartney
https://www.theinformation.com/articles/andreessen-horowitz-merges-fintech-and-consumer-teams-after-some-bets-fizzle?rc=hwneun

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Show Notes:

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00:00:01 - Hosts Jessica, Brit, Sam and Dave introduce the podcast and Jessica thanks listeners for recommendations. \\n00:09:34 - They discuss Reddit charging app developers fees for its API and how this impacted Google search results according to an article. Brit and Sam share their perspectives from working at Facebook and in media. \\n00:19:16 - They debate whether AI is a game changer for the business models of social media APIs. Sam argues the public web is dying while Dave thinks there will still be niche communities.\\n00:25:14 - They discuss the current state of venture capital funding. Sam believes the conveyor belt model is broken while Brit mentions $84 trillion in wealth from retiring baby boomers flooding into private markets. \\n00:35:52 - Lightning Round: \\n - They debate whether more smart regulation is needed for Google\'s search business. \\n - They share their views on an AI generated Beatles song, with Dave thinking it\'s a cool moment.\\n00:46:00 - They plug the new Twitter account for the pod @moreorlesspod.

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Brought To You By:

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\\u2060\\u2060The Information\\u2060\\u2060

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\\u2060\\u2060Slow Ventures\\u2060\\u2060

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\\u2060\\u2060Offline Ventures\\u2060\\u2060

\\n\\n--- \\n\\nSend in a voice message: https://podcasters.spotify.com/pod/show/moreorlesspod/message'