Direct Storytelling: Colossus seeks an editor-in-chief focused on business media. Lulu Misurvey stresses that founders should communicate their unique visions directly to avoid dilution by intermediaries, enhancing their storytelling effectiveness.
Colossus is hiring an editor-in-chief to lead its media platform, focusing on business and investment topics. This role is seen as pivotal for career growth. Lulu Misurvey, the guest on the podcast, emphasizes direct communication for founders, urging them to share their unique vision without distortion for effective storytelling. She argues that founders must convey their message authentically, as too many mediators can dilute their innovative ideas. Her experiences in diverse cultures and environments have shaped her belief that clarity and directness in communication are essential for achieving success in storytelling.
Founders’ Communication: Founders should actively engage in communications with a clear vision, understanding goals, and knowing their audience for effective storytelling.
Effective communication for founders involves a clear vision, responsibility, and understanding of goals. Founders must actively engage with their audience and be aware of the impact their messaging has. Companies also need to focus on their specific goals and truly know their target audience to ensure their communication is directed and effective. Working alongside a strong communications team can help, but ultimately, the founders should remain engaged and accountable for the narrative they create and share. This effort ensures that the company's story resonates and reaches the right people, avoiding wasted efforts and misunderstandings.
Effective Influence: Focus on swing voters, use relatable messaging, choose partners wisely, and stay adaptable for successful influence and launches.
To effectively influence others, focus on converting swing voters who are undecided rather than trying to change those who strongly oppose you. Understanding your audience's cultural interests is essential for crafting messages that resonate. Build bridges from familiar concepts to new ideas, enabling better engagement. Also, make vital choices in partnerships based on vibes and chemistry, selecting companies that genuinely need your support and founders who are involved and transparent. Successful launches require keen awareness of public sentiment and an ability to adjust strategies based on real-time feedback. This ensures that the message hits home and spurs meaningful discussions, separating great launches from ordinary ones.
Launch Impact: Successful startups must prioritize strong launches to establish their presence and clearly convey their mission. Authenticity during fundraising is crucial, as real connections lead to better support and investment opportunities.
In today’s noisy marketplace, launches are crucial for startups to establish themselves and communicate their vision clearly. It’s essential to make a strong first impression and share a compelling story that resonates with potential customers, investors, and supporters. Writing a manifesto can help clarify your values and mission. Preparing for your launch requires selecting the right reporters who are genuinely interested in your field, as their enthusiasm can significantly influence your coverage. Moreover, fundraising is about being authentic; successful founders embrace their true selves rather than adopting a polished persona. This authenticity helps them connect better with others, making it easier to attract investment. Overall, a well-prepared launch and unapologetic authenticity are key components to gaining attention and support in a competitive landscape.
Authenticity Matters: Be authentic in business and crises. Know when to apologize and when to stand firm. Preparation and building community relationships matter in overcoming challenges effectively.
When it comes to fundraising or managing a crisis, authenticity and clarity are key. Founders should be true to themselves and not try to change their persona just for investors or pressure. Communicating how a business fits into a larger narrative helps in gaining support and confidence. During crises, it’s crucial to recognize your truth: if you've done something wrong, own up to it sincerely; if not, stand your ground and fight back. Good preparation, like developing a crisis plan, can really help when unexpected situations come. It's important to think holistically rather than focusing narrowly on minimizing risks. Building relationships within communities, similar to counterinsurgency strategies, can also help when dealing with crises or negative press, as local leaders can communicate your message more effectively than you can on your own.
Leadership in Crisis: Effective leadership during crises involves confronting challenges directly, building trust, and creating compelling reasons for people to join your cause. Emphasize excellence over popularity and adopt a continuous play mentality like rugby instead of football.
Leadership during crises requires strong personal charisma and decision-making integrity. Unlike American football, where plays stop after a tackle, effective leaders should adopt a rugby mindset by embracing challenges head-on. This approach builds trust among employees and deters future attacks, reinforcing credibility in volatile situations. Iconic figures like Steve Jobs exemplify this philosophy, focusing on excellence over popularity, knowing that pursuing a worthy vision often invites criticism. To inspire others, leaders must articulate dissatisfaction with the status quo, offering a compelling reason for people to join their cause, while making the transition worthwhile for them. K-pop's systematic production of stars showcases how dedication to building a movement can influence others and create a loyal following.
Community Engagement: Communities enhance connections in K-pop and startups alike. Founders should focus on meaningful communication and build identity, fostering loyalty and engagement among their audience for greater success.
K-pop groups thrive because of their diverse personalities, creating a community that deeply engages fans. This sense of belonging makes their music and performances more appealing. Similarly, startups must cultivate communities around their brands to foster loyalty. Founders should see communication as an essential part of their identity. Building a strong connection with their audience can transform their journey and success in today's tech landscape, allowing them to grow alongside the community they create. Ultimately, prioritizing freedom and genuine connection can lead to fulfilling outcomes beyond mere profitability.
Empowering Founders: Founders should create a manifesto to define their purpose and explore communication styles to effectively convey their unique vision, fostering independence rather than reliance on traditional methods.
In today’s world, relying solely on traditional communications experts isn't enough. Founders need to foster independence and have a deep understanding of their purpose and vision. Crafting a manifesto with important questions like what their unique value is and how they plan to achieve their goals is essential. Additionally, they should explore different communication mediums to find what resonates best with them to convey their message effectively and authentically, rather than forcing themselves into a mold that doesn’t suit their strengths. This approach can help build confidence in their unique ideas and ensure they can sustain their vision beyond just depending on others.
Impact of Kindness: Small acts of kindness, like a simple thank you or a gesture, can leave a lasting impact on someone's life, especially when they feel alone. These moments create connections that we should all strive to nurture.
Small acts of kindness can have a powerful impact, especially when someone feels alone or struggles. The speaker shares a touching memory from their childhood in Norway where a stranger's simple gesture—holding a door open and giving thanks—made them feel seen and valued. This experience, though minor, stayed with them for decades, highlighting how little moments can build connection and confidence. By sharing ideas and encouraging others to reflect, we can all cultivate understanding and support in our communities. Kindness doesn't have to be grand or costly; even the smallest gestures can uplift someone in a significant way. Everyone can make a difference in their own lives and others’ by being thoughtful and appreciative.
Lulu Meservey - Transforming Company Narrative - [Invest Like the Best, EP.389]
enSeptember 24, 2024
1
Invest Like the Best with Patrick O'Shaughnessy
481 Episodes
What was the main topic of the podcast episode?
Summarise the key points discussed in the episode?
Were there any notable quotes or insights from the speakers?
Which popular books were mentioned in this episode?
Were there any points particularly controversial or thought-provoking discussed in the episode?
Were any current events or trending topics addressed in the episode?
Was this summary helpful?
Recent Episodes from Invest Like the Best with Patrick O'Shaughnessy
Kareem Zaki - Small Ideas Attract Competition - [Invest Like the Best, EP.391]
My guest today is Kareem Zaki. Kareem is a General Partner at Thrive Capital and has been at the firm for a decade. In an episode last year, Thrive's founder, Josh Kushner, told me he is the best healthcare investor in the world. Kareem has co-founded three healthcare businesses worth over one billion dollars. He also has expertise in financial services, where he's led the firm's investments in companies like Ramp and Robinhood.
It's a timely moment to have this discussion, with Thrive announcing a new $5 billion fund in August. We talk about how Thrive identifies category-defining companies, what concentration means to them, and how startups should approach the healthcare industry. Please enjoy this great discussion with Kareem Zaki.
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
This episode is brought to you by Ramp. Ramp’s mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Ramp is the fastest growing FinTech company in history and it’s backed by more of my favorite past guests (at least 16 of them!) than probably any other company I’m aware of. It’s also notable that many best-in-class businesses use Ramp—companies like Airbnb, Anduril, and Shopify, as well as investors like Sequoia Capital and Vista Equity. They use Ramp to manage their spending, automate tedious financial processes, and reinvest saved dollars and hours into growth. At Colossus and Positive Sum, we use Ramp for exactly the same reason. Go to Ramp.com/invest to sign up for free and get a $250 welcome bonus.
—
This episode is brought to you by Tegus, where we're changing the game in investment research. Step away from outdated, inefficient methods and into the future with our platform, proudly hosting over 100,000 transcripts – with over 25,000 transcripts added just this year alone. Our platform grows eight times faster and adds twice as much monthly content as our competitors, putting us at the forefront of the industry. Plus, with 75% of private market transcripts available exclusively on Tegus, we offer insights you simply can't find elsewhere. See the difference a vast, quality-driven transcript library makes. Unlock your free trial at tegus.com/patrick.
-----
Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:06:02) Early Days and Consistent Strategy
(00:07:10) Personal Journey and Reconnecting with Josh
(00:08:36) Investing Philosophy and Strategy
(00:11:04) Building a Supportive Structure
(00:12:10) Generalist Approach and Market Trends
(00:13:45) Life Cycle Investing and Concentration
(00:16:16) The Builders Mentality
(00:17:52) Raising a Huge Fund and Its Implications
(00:20:40) Understanding Category Defining Companies
(00:37:48) The Changing Nature of Investment Categories
(00:49:03) Evaluating Business Durability and Market Quality
(00:51:30) Understanding Healthcare Challenges
(00:53:46) Approaching Healthcare Innovation
(00:59:18) The Role of Competition in Healthcare
(01:04:17) AI's Transformative Potential
(01:07:35) Advice for Aspiring Entrepreneurs
(01:09:46) Thrive's Investment Philosophy
(01:22:55) The Kindest Thing Anyone Has Ever Done For Kareem
Invest Like the Best with Patrick O'Shaughnessy
enOctober 08, 2024
Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.390]
My guest today is Ray Ozzie, one of the great technologists, software developers, and entrepreneurs of our time. Ray is perhaps best known as the creator of Lotus Notes, a collaboration tool that revolutionized business communication in the 1990s. He later succeeded Bill Gates as Chief Software Architect at Microsoft, where he played a key part in the development of Azure, Microsoft's cloud computing platform. Ray's work has earned him numerous accolades, including induction into the Computer History Museum Hall of Fellows and the National Academy of Engineering. Throughout his career, Ray has been at the forefront of technology innovation and paradigm shifts, founding multiple companies, including Iris Associates, Groove Networks, and most recently, Blues Wireless, which focuses on connectivity in the physical world. His insights on cloud computing, collaboration tools, and the future of technology have shaped the industry for decades. In our conversation, we explore Ray's journey through the evolving landscape of software development, his perspectives on the current state of technology, and his vision for the future of connectivity and collaboration. Please enjoy this fascinating discussion with Ray Ozzie.
Subscribe to Glue Guys!
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
This episode is brought to you by Ramp. Ramp’s mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Ramp is the fastest growing FinTech company in history and it’s backed by more of my favorite past guests (at least 16 of them!) than probably any other company I’m aware of. It’s also notable that many best-in-class businesses use Ramp—companies like Airbnb, Anduril, and Shopify, as well as investors like Sequoia Capital and Vista Equity. They use Ramp to manage their spending, automate tedious financial processes, and reinvest saved dollars and hours into growth. At Colossus and Positive Sum, we use Ramp for exactly the same reason. Go to Ramp.com/invest to sign up for free and get a $250 welcome bonus.
—
This episode is brought to you by Tegus, where we're changing the game in investment research. Step away from outdated, inefficient methods and into the future with our platform, proudly hosting over 100,000 transcripts – with over 25,000 transcripts added just this year alone. Our platform grows eight times faster and adds twice as much monthly content as our competitors, putting us at the forefront of the industry. Plus, with 75% of private market transcripts available exclusively on Tegus, we offer insights you simply can't find elsewhere. See the difference a vast, quality-driven transcript library makes. Unlock your free trial at tegus.com/patrick.
-----
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Introduction to Ray's Story
(00:06:44) The Role of Technology in Modern Warfare
(00:10:26) The RadNote Device Explained
(00:15:32) The Origin of SafeCast
(00:22:26) Challenges in Building Intelligent Machines
(00:32:23) The Evolution of IoT and Blues
(00:39:01) The Future of Connected Machines
(00:46:03) Technology Paradigm Shifts and Azure
(00:50:56) The Birth of Azure
(00:52:08) The Unique Dynamics of Bill and Steve
(00:56:54) AI and the Future of Use Cases
(00:59:00) Real-world Applications of IoT
(01:05:31) The Evolution of AI and IoT
(01:20:03) The Importance of Systems Thinking
(01:28:52) Advice for Young Entrepreneurs
(01:32:55) The Kindest Thing Anyone Has Ever Done For Ray
Invest Like the Best with Patrick O'Shaughnessy
enOctober 01, 2024
Ted Seides - Investment Industry Paradigms - [Invest Like the Best, EP.390]
My guest today is Ted Seides. Ted is the host of the Capital Allocators podcast and an investment industry expert. It’d been seven years since Ted and I last talked on the record, as he was one of my very first guests on Invest Like the Best. Now that Ted has a full-time focus on all things Capital Allocators and has stepped away from traditional investing roles, he shares with us the wisdom he has gained from being a neutral third party with in conversations with countless industry experts. We discuss the evolution of the LP and GP relationship, the scale of institutional investing, and the nuance of asset allocation, and much more. Please enjoy my conversation with Ted Seides.
I’m excited to announce that we are hiring an Editor in Chief at Colossus. This will be a critical and central role in our growing media platform and in our quest to find and showcase the best people, businesses, and ideas in the world. This person will work on existing shows like Invest Like the Best and Founders, our soon-to-be-announced print publication, and more. We aim to be the dominant media company exploring business and investing frontiers, so this person needs to be obsessed with these topics and bring serious operational chops. I firmly believe this role can help define someone’s career. Go to joincolossus.com/eic to apply.
Subscribe to Glue Guys!
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform.
—
This episode is brought to you by Alphasense. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Imagine completing your research five to ten times faster with search that delivers the most relevant results, helping you make high-conviction decisions with confidence. AlphaSense provides access to over 300 million premium documents, including company filings, earnings reports, press releases, and more from public and private companies. Invest Like the Best listeners can get a free trial now at Alpha-Sense.com/Invest and experience firsthand how AlphaSense and Tegas help you make smarter decisions faster.
-----
Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:08:21) Innovative Approaches in Portfolio Management
(00:10:29) Challenges in the LP-GP Relationship
(00:16:58) Categorizing and Understanding LPs
(00:21:12) Pros and Cons of Different Capital Pools
(00:28:44) Trends and Future of Asset Management
(00:35:14) The Sensational Economy
(00:37:37) Competitive Frontiers in Private Equity
(00:39:44) The Yellowstone Club Deal
(00:42:19) The Burger King Success Story
(00:46:49) Collaborative Deals in Private Equity
(00:51:27) The Importance of Communication
(00:56:14) Capital Allocator Summits
(01:00:31) The Kindest Thing Anyone Has Done For Ted
Invest Like the Best with Patrick O'Shaughnessy
enSeptember 26, 2024
Lulu Meservey - Transforming Company Narrative - [Invest Like the Best, EP.389]
My guest today is Lulu Meservey. Lulu is the Founder and CEO of Rostra, a company that partners with founders to level up their communications around all strategic initiatives, from hiring to fundraising. She is also on the board at Shopify. I have been recently fascinated by the challenge of founders telling their story and Lulu is an expert in comms and a believer in creative problem-solving through effective communication and compelling storytelling. We discuss the evolution of media and its pitfalls, innovative methods for managing crises, and the power of going direct with your communication. Please enjoy my conversation with Lulu Meservey.
I’m excited to announce that we are hiring an Editor in Chief at Colossus. This will be a critical and central role in our growing media platform and in our quest to find and showcase the best people, businesses, and ideas in the world. This person will work on existing shows like Invest Like the Best and Founders, our soon-to-be-announced print publication, and more. We aim to be the dominant media company exploring business and investing frontiers, so this person needs to be obsessed with these topics and bring serious operational chops. I firmly believe this role can help define someone’s career. Go to joincolossus.com/eic to apply.
Subscribe to Glue Guys!
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform.
—
This episode is brought to you by Alphasense. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Imagine completing your research five to ten times faster with search that delivers the most relevant results, helping you make high-conviction decisions with confidence. AlphaSense provides access to over 300 million premium documents, including company filings, earnings reports, press releases, and more from public and private companies. Invest Like the Best listeners can get a free trial now at Alpha-Sense.com/Invest and experience firsthand how AlphaSense and Tegas help you make smarter decisions faster.
-----
Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:06:48) The Evolution of Media and Communication
(00:11:25) The Importance of Direct Communication for Founders
(00:20:20) Choosing the Right Partners and Clients
(00:25:20) The Art of Launching a Product
(00:34:01) Fundraising Tips for Entrepreneurs and Investors
(00:35:32) The Pitfalls of Inauthentic Fundraising
(00:36:05) Crafting a Compelling Macro Narrative
(00:37:54) Crisis Management Strategies for Founders
(00:42:41) Lessons from Counterinsurgency
(00:44:24) The Rugby Analogy for Founders
(00:49:34) The Power of K-Pop Marketing
(00:56:30) Vision and Future of Rostra
(01:01:17) The Importance of Direct Communication
(01:10:36) The Kindest Thing Anyone Has Done For Lulu
Invest Like the Best with Patrick O'Shaughnessy
enSeptember 24, 2024
Ric Elias - The Art of Living Well - [Invest Like the Best, EP.388]
My guest today is Ric Elias. Ric is the CEO and co-founder of Red Ventures, which has a portfolio of fast-growing digital businesses like Lonely Planet, The Points Guy, Bankrate, and large investments in a variety of other businesses across industries. He began the business in 2000 and has grown it to now a global company with thousands of employees. Ric walks us through the early struggles that have led to what is now a flourishing investing platform, but mostly this episode is a masterclass on cultural values and philosophies that transcend mere financial gain. We discuss the difference between living good and well, the power of forgiveness, and compounding more than just your capital. Ric’s story is one of resilience, humility, and grace. His story about being in the front row of the plane that Captain Sully landed in the Hudson is singular and very moving. Please enjoy my conversation with Ric Elias.
Subscribe to Glue Guys!
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform.
—
This episode is brought to you by Alphasense. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Imagine completing your research five to ten times faster with search that delivers the most relevant results, helping you make high-conviction decisions with confidence. AlphaSense provides access to over 300 million premium documents, including company filings, earnings reports, press releases, and more from public and private companies. Invest Like the Best listeners can get a free trial now at Alpha-Sense.com/Invest and experience firsthand how AlphaSense and Tegas help you make smarter decisions faster.
-----
Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:04:29) Understanding Red Ventures: Origin and Evolution
(00:06:44) Early Challenges and Turning Points
(00:10:15) Operational Success and Company Culture
(00:16:10) Insights on Motivation and Growth
(00:25:35) Reflections on Money and Personal Well-being
(00:32:39) The Hudson River Plane Crash Experience
(00:42:25) Reconnecting with Puerto Rico and New Ventures
(00:47:10) Underdogs to Champions
(00:49:56) Building Trust and Team Dynamics
(00:52:19) Balancing Speed and Sustainability
(00:56:05) The Role of Confidence and Courage
(01:00:49) The Pursuit of Purpose Over Profit
(01:06:39) Recruitment and Company Culture
(01:11:20) Future of Business and AI
(01:23:20) The Kindest Thing Anyone Has Ever Done For Ric
Invest Like the Best with Patrick O'Shaughnessy
enSeptember 17, 2024
Alex Smith, Shane Battier, & Ravi Gupta - What Makes A Glue Guy? - [Invest Like the Best, EP.387]
This week's episode is special because it marks the launch of a new Colossus show: Glue Guys. My guests this week are the hosts of the new show, Shane Battier, Alex Smith, and Ravi Gupta.
Shane, Ravi, and Alex’s stories are remarkable. Each has been at the very top of their profession. Shane as an NCAA and NBA champion. Alex as the first pick in the NFL draft, 3 time-pro bowler, and 16-year NFL veteran. Ravi as a leader at KKR, and then as a critical leader turning around & building Instacart, and now as a partner at Sequoia. But those parts of their stories pale in comparison to the stories you’ll hear on Glue Guys.
Glue Guys is an unfolding manual for HOW to be a professional, a teammate, a leader, and even a friend and family member. In this episode of ILtB, we explore the general concept of glue guys—the people who are obsessed with helping the team win, whether they are the leader or newest member of the team. Please enjoy this conversation with Shane, Alex, and Ravi.
Subscribe to Glue Guys!
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform.
—
This episode is brought to you by Tegus, where we're changing the game in investment research. Step away from outdated, inefficient methods and into the future with our platform, proudly hosting over 100,000 transcripts – with over 25,000 transcripts added just this year alone. Our platform grows eight times faster and adds twice as much monthly content as our competitors, putting us at the forefront of the industry. Plus, with 75% of private market transcripts available exclusively on Tegus, we offer insights you simply can't find elsewhere. See the difference a vast, quality-driven transcript library makes. Unlock your free trial at tegus.com/patrick.
-----
Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:05:06) Talent vs. Teamwork: A Business Perspective
(00:06:56) Talent vs. Teamwork: A Sports Perspective
(00:09:40) Personal Stories of Overcoming Adversity
(00:12:50) The Importance of Trust and Mission Focus
(00:21:09) Facing Rock Bottom and Rising Again
(00:34:59) The Hardest Moments and Lessons Learned
(00:42:39) Unsung Heroes of Special Teams
(00:45:01) Mentorship and Team Dynamics
(00:46:49) Lessons from Duke Basketball
(00:49:25) Instacart and the All-In Mentality
(00:51:52) Building Successful Teams
(00:55:42) Family Legacy and Personal Sacrifice
(01:05:02) Strength and Vulnerability in Leadership
(01:10:36) The Urge to Dominate and Winning
(01:14:41) The Kindest Thing Anyone Has Ever Done For Alex
Invest Like the Best with Patrick O'Shaughnessy
enSeptember 10, 2024
Bret Taylor - The Agent Era - [Invest Like the Best, EP.386]
My guest today is Bret Taylor. His resume is absurd. He built google maps--famously rewriting the whole thing in a weekend. He was the CTO of Facebook in critical years. He founded Quip. He was the chair of the board at Twitter. He was the co-CEO of Salesforce...the incredible list goes on. Now, Bret is the co-founder of Sierra, a conversational AI platform for businesses, and he is the chairman of the board at OpenAI. We discuss the past, present, and future of AI agents: new programs that will begin doing incredible amounts of work for us humans in astonishing ways that are a thrill to talk about. Bret believes agents will become a meaningful part of the future and transform the ways in which we interact with technology. We discuss a strategic approach to AI integration, the different categories of agents and their scopes, and the essentials of craftsmanship. Please enjoy this discussion with Bret Taylor.
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform.
—
This episode is brought to you by Tegus, where we're changing the game in investment research. Step away from outdated, inefficient methods and into the future with our platform, proudly hosting over 100,000 transcripts – with over 25,000 transcripts added just this year alone. Our platform grows eight times faster and adds twice as much monthly content as our competitors, putting us at the forefront of the industry. Plus, with 75% of private market transcripts available exclusively on Tegus, we offer insights you simply can't find elsewhere. See the difference a vast, quality-driven transcript library makes. Unlock your free trial at tegus.com/patrick.
-----
Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:04:27) The Dynamics of Small Teams in Software Development
(00:05:46) Challenges of Large Teams and Bureaucracy
(00:06:27) The Google Maps Legendary Rewrite Story
(00:13:59) Introduction to AI Agents
(00:16:48) Types of AI Agents and Their Applications
(00:22:15) Building Robust AI Agents for Customer Experience
(00:33:28) The Future of AI Agents and Customer Interaction
(00:45:12) Impact of AI on Productivity and Inequality
(00:51:05) Technological Evolution and Societal Changes
(00:56:25) The Role of Multimodal Models in AI
(00:57:19) The Future of Human-Computer Interaction
(01:00:15) Building Companies in the AI Era
(01:05:36) OpenAI's Unique Structure and Mission
(01:11:22) Insights on Sales and Customer Success
(01:20:06) Balancing Ambition and Personal Life
(01:21:35) Preparing for the Agent Era
(01:26:20) The Kindest Thing Anyone Has Ever Done for Bret
Invest Like the Best with Patrick O'Shaughnessy
enSeptember 03, 2024
Gavin Baker - AI, Semiconductors, and the Robotic Frontier - [Invest Like the Best, EP.385]
My guest this week is Gavin Baker. Gavin is the managing partner and CIO of Atreides Management, and he has been on the show many times before. He is one of my favorite investors to talk to and this may be my favorite conversation with him. Gavin first started covering Nvidia as an investor at the turn of the millennium, making him the perfect guest to discuss all things AI and investing. There is so much detail in this discussion and I’m incredibly grateful to Gavin for sharing his wisdom with us again. Please enjoy this fantastic conversation with Gavin Baker.
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
This episode is brought to you by Ramp. Ramp’s mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Ramp is the fastest-growing FinTech company in history and it’s backed by more of my favorite past guests (at least 16 of them!) than probably any other company I’m aware of. It’s also notable that many best-in-class businesses use Ramp—companies like Airbnb, Anduril, and Shopify, as well as investors like Sequoia Capital and Vista Equity. They use Ramp to manage their spending, automate tedious financial processes, and reinvest saved dollars and hours into growth. At Colossus and Positive Sum, we use Ramp for exactly the same reason. Go to Ramp.com/invest to sign up for free and get a $250 welcome bonus.
-----
This episode is brought to you by Tegus, where we're changing the game in investment research. Step away from outdated, inefficient methods and into the future with our platform, proudly hosting over 100,000 transcripts – with over 25,000 transcripts added just this year alone. Our platform grows eight times faster and adds twice as much monthly content as our competitors, putting us at the forefront of the industry. Plus, with 75% of private market transcripts available exclusively on Tegus, we offer insights you simply can't find elsewhere. See the difference a vast, quality-driven transcript library makes. Unlock your free trial at tegus.com/patrick.
-----
Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:04:42) The Magnificent Seven and Tech Competition
(00:06:29) Generative AI and Scaling Laws
(00:08:36) Challenges in AI Infrastructure
(00:15:02) The Future of AI and Data Centers
(00:17:51) Efficiency in AI Models
(00:35:14) Synthetic Data and AI Training
(00:42:37) Inference and the Role of Smartphones
(00:48:35) Investment Implications in AI
(00:49:09) Opportunities for New Companies
(00:51:20) Challenges at the Application Layer
(00:52:25) AI's Impact on Advertising
(00:53:40) AI ROI Debate
(00:54:39) SaaS Metrics and AI Disruption
(00:55:59) AI-First Application Companies
(01:00:50) The Future of Robotics
(01:14:01) Leadership in Tech Giants
(01:24:05) The Evolution of Investing
Invest Like the Best with Patrick O'Shaughnessy
enAugust 27, 2024
A Conversation with Charlie Munger & John Collison - [Invest Like the Best, REPLAY]
Today, we’re replaying a conversation between John Collison and Charlie Munger that we first aired on 5 December 2023. Charlie said, “The best thing a human being can do is to help another human being know more.” He does just that in this interview. Please enjoy, and may Charlie Rest in Peace.
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform.
—
This episode is brought to you by Tegus, where we're changing the game in investment research. Step away from outdated, inefficient methods and into the future with our platform, proudly hosting over 100,000 transcripts – with over 25,000 transcripts added just this year alone. Our platform grows eight times faster and adds twice as much monthly content as our competitors, putting us at the forefront of the industry. Plus, with 75% of private market transcripts available exclusively on Tegus, we offer insights you simply can't find elsewhere. See the difference a vast, quality-driven transcript library makes. Unlock your free trial at tegus.com/patrick.
-----
Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Show Notes
(00:00:00) Welcome to Invest Like the Best
(00:03:52) The fixation on evaluating business quality
(00:05:58) Learning the big ideas across various disciplines
(00:10:03) The issue of adverse selection in legal services
(00:11:42) Societal solutions for the opioid crisis
(00:17:34) Reasons for not investing in Amazon
(00:20:38) Explaining Costco's model
(00:29:08) Discussing the increasing challenges in investing
(00:32:08) Ingredients for long-term success in business
(00:33:18) Debating cryptocurrency
(00:37:37) Offering guidance for navigating a potential recession
(00:38:56) Reflecting on the state of American society
(00:45:20) Sharing a passion for architecture
(00:54:13) “Win-win” business
(00:57:53) Countering arguments against capitalism
(00:60:42) The origins of Poor Charlie's Almanack
(01:05:14) Building a productive partnership
(01:08:55) Opining on the SEC
(01:12:22) Highlighting investment concerns
(01:16:31) Reasons for optimism about China
(01:32:14) The unique aspects of Berkshire Hathaway
Invest Like the Best with Patrick O'Shaughnessy
enAugust 20, 2024
Vlad Tenev - Navigating Robinhood's Evolution - [Invest Like the Best, EP.384]
My guest today is Vlad Tenev. Vlad is the CEO and co-founder of Robinhood. It was such a treat to sit down with him and discuss the behind-the-scenes of a revolutionary business we all know well. He details Robinhood’s journey to zero-cost trading and what it means to build a consumer-centric financial product. Vlad believes in finding the harmonies across mathematics and art and applies this lens to everything he builds. We discuss Robinhood’s new credit card and more products on the horizon, the company’s toughest moments, including the Gamestop episode, and the compelling future of AI in financial services. Please enjoy this conversation with Vlad Tenev.
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform.
This episode is brought to you by Tegus, where we're changing the game in investment research. Step away from outdated, inefficient methods and into the future with our platform, proudly hosting over 100,000 transcripts – with over 25,000 transcripts added just this year alone. Our platform grows eight times faster and adds twice as much monthly content as our competitors, putting us at the forefront of the industry. Plus, with 75% of private market transcripts available exclusively on Tegus, we offer insights you simply can't find elsewhere. See the difference a vast, quality-driven transcript library makes. Unlock your free trial at tegus.com/patrick.
-----
Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:03:56) The Next Frontier in AI: Reasoning and Logical Deductions
(00:06:19) Challenges and Approaches in AI Development
(00:09:08) Formal Mathematics and AI Integration
(00:11:23) Practical Applications of Mathematical Superintelligence
(00:17:30) Robinhood's Journey to Zero-Cost Trading
(00:24:38) Building a Consumer-Friendly Trading Platform
(00:28:52) Robinhood Gold and the Future of Financial Services
(00:35:51) Understanding Robinhood's Business Model
(00:42:34) Navigating the GameStop Crisis
(00:49:17) Improving Customer Satisfaction
(00:52:43) Reputation Repair
(00:54:52) The Future of Financial Services
(00:59:06) Crypto and AI in Finance
(01:08:09) Building a High-Performance Culture
(01:11:42) The Kindest Thing Anyone Has Ever Done for Vlad
Invest Like the Best with Patrick O'Shaughnessy
enAugust 13, 2024