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    Lulu Meservey - Transforming Company Narrative - [Invest Like the Best, EP.389]

    enSeptember 24, 2024
    1
    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?

    • Direct StorytellingColossus 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’ CommunicationFounders 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 InfluenceFocus 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 ImpactSuccessful 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 MattersBe 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 CrisisEffective 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 EngagementCommunities 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 FoundersFounders 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 KindnessSmall 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.

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    Bret Taylor - The Agent Era - [Invest Like the Best, EP.386]

    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

    Gavin Baker - AI, Semiconductors, and the Robotic Frontier - [Invest Like the Best, EP.385]

    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

    A Conversation with Charlie Munger & John Collison - [Invest Like the Best, REPLAY]

    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

    Vlad Tenev - Navigating Robinhood's Evolution - [Invest Like the Best, EP.384]

    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
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