Logo
    Search

    Podcast Summary

    • Nvidia's Strategic Position and Adaptive Decision-MakingBy embracing DirectX and building the world's first fully accelerated hardware-accelerated pipeline, Nvidia positioned itself as the industry leader, focusing on pushing boundaries and delivering superior performance.

      Nvidia's strategic position and lead against competitors make it one of the most impressive companies in the world. The interview with Jensen, the founder and CEO, revealed that their success stems from their ability to adapt and make critical decisions during challenging times. Back in 1997, when they were running out of time, money, and hope, they made the bold decision to embrace DirectX and build the RIVA 128, the world's first fully accelerated hardware-accelerated pipeline for 3D rendering. By building the biggest and fastest chip with advanced features, they positioned themselves as the best in the market, targeting the enthusiastic consumer segment that always seeks the latest and greatest technology. This focus on pushing boundaries and delivering superior performance has been a key driver of Nvidia's dominance in the industry.

    • Embracing Risk: NVIDIA's Tech Investment and Innovation JourneyTaking calculated risks, embracing innovation, and thoroughly simulating and testing potential solutions can lead to success and help mitigate future challenges.

      Taking calculated risks and pushing your limits can lead to success. NVIDIA's decision to invest in sustainable technology and use emulation to ensure a perfect chip exemplifies this idea. They recognized that their traditional method of chip development wouldn't work given their constraints, so they took a different approach. By virtually prototyping the chip and thoroughly testing it before taping it out, they mitigated potential risks and gained confidence in its success. This mindset of pushing their chips in, or betting the farm, only after thorough simulation and pre-emptive problem-solving has become a key strategy for NVIDIA. It's a lesson for founders to anticipate future challenges, simulate them in advance, and make bold moves when they have conviction in the outcome.

    • The Potential of Universal Function Approximators in Various IndustriesAccuracy in outcome prediction is more important than causality, leading to advancements in industries like commerce, science, and software development with the support of companies like Nvidia and OpenAI.

      A universal function approximator, like a machine learning system, has tremendous opportunities and applications across various industries. Causality is not always important for many problems we encounter, such as predicting consumer preferences or weather patterns. What matters is the ability to accurately predict outcomes. This realization can revolutionize industries like commerce, science, and software development. Companies like Nvidia recognized the potential early on and focused on building computing stacks and software to support AI researchers. The founding of OpenAI also played a crucial role in advancing research and opening up opportunities in the field. By supporting researchers and providing them with powerful computers, progress in deep learning was made, leading to the development of larger datasets and models for better performance.

    • The exponential progress of deep learning and its impact on language models, reasoning capabilities, and business outcomes.Deep learning has significantly advanced language models, reasoning capabilities, and business outcomes, with companies like Google and Facebook leading the way, but now smaller teams have access to similar tools. Nvidia's organizational structure enhances efficiency.

      The progress of deep learning has been exponential, with papers being released more frequently and language models becoming increasingly accurate and useful as they increase in size. The cleverness of these models lies in their ability to predict the next word through self-supervised learning. Scaling these models and encoding reasoning capabilities into them has shown promising results. While the outcome may seem predictable in some cases, the fact that it actually works is still amazing. This parallels the wonder we feel when understanding the inner workings of complex systems like computers. Companies like Google and Facebook have leveraged experimentation tools to deploy and improve these models, leading to significant business outcomes. However, platforms like Statsig now offer similar capabilities to teams outside of these tech giants, driving faster shipping and data-driven decision making. Nvidia's unique organizational structure, resembling a computing stack, allows for efficient management and optimization of each module within the company.

    • Mission-centered structure and inclusive decision-making at Nvidia foster a culture of shared knowledge and collective success.Nvidia's collaborative approach empowers employees at all levels to contribute to the company's mission, leading to innovation and growth.

      Nvidia operates on a mission-centered structure rather than a traditional command and control system. This means that leaders in the company do not have more power or privileged information than others. Instead, information is disseminated quickly and evenly, allowing everyone, from new college grads to top executives, to make decisions together at the same time. This approach creates a collaborative and inclusive environment where everyone is valued for their ability to reason through problems and contribute to the company's mission. While this may put pressure on leaders, it fosters a culture of shared knowledge and collective success. Additionally, Nvidia's journey into the data center was driven by a vision to separate computing from the viewing device, opening up new opportunities for innovation and growth. By embracing new ideas and learning from various sources, the company continues to push boundaries and evolve.

    • Expanding Market Reach Through Computing SeparationNvidia's early recognition of the potential in separating computing from viewing devices paved the way for advancements in cloud computing and the importance of networking in data centers, positioning the company for future growth.

      The disconnection between where Nvidia's computing is done versus where it's enjoyed presents a significant market opportunity. By separating computing from the viewing device, Nvidia can overcome physical constraints and expand its market reach. This insight, made 15 years ago, paved the way for advancements in cloud computing and the separation of computing from the user's device. This separation also allows for the utilization of data centers and distributed computing, which is crucial for AI and training large models. Recognizing the importance of networking in data centers, Nvidia acquired Mellanox, a leading high-performance networking company. This strategic decision positioned Nvidia as a data center-oriented company, ready to capitalize on future opportunities and provide sustainable growth.

    • Crusoe's AI Cloud Solution: Superior Performance and Environmental SustainabilityCrusoe combines top-notch GPU hardware with optimized cloud software, leveraging wasted or clean energy to power AI workloads. This not only reduces emissions but also positions them as pioneers in emerging markets, fostering growth and success.

      Crusoe's strategy revolves around providing the best AI cloud solution by combining top-notch GPU hardware like Nvidia with an optimized cloud software stack. Their use of wasted, stranded, or clean energy enables them to offer superior performance per dollar compared to traditional cloud providers. Notably, Crusoe also addresses environmental concerns by repurposing energy waste to power massive AI workloads. This approach not only reduces harmful emissions but also captures billions of cubic feet of gas, leading to substantial CO2 emissions avoidance. Furthermore, Crusoe positions itself in emerging markets where non-consumption exists, enabling them to pioneer innovative solutions and establish a network of developers and customers. This network serves as their competitive advantage or "moat," fostering growth and success in these markets. Through strategic planning and a focus on building a platform for others to benefit from, Crusoe has been able to maintain a significant lead in their industry.

    • Navigating the Challenges of Starting a Successful CompanyBuilding strong relationships with developers, being adaptable to market demands, and a combination of skill, smart decisions, and favorable conditions are essential for success in business.

      Starting a successful company is incredibly challenging and requires a combination of skill and luck. While there are smart decisions and strategies that can be implemented, there is no guarantee of success. It's important to learn from the mistakes and adapt continuously. Building strong relationships with developers and creating developer-oriented platforms can be beneficial, as evidenced by many successful tech companies. Additionally, being adaptable and open to evolving technologies and market demands is crucial. Luck also plays a role, such as being in the right place at the right time or having influential figures support your endeavors. Ultimately, a combination of skill, smart decisions, and favorable market conditions are needed to achieve success in the competitive business landscape.

    • Ensuring Responsible Implementation of AI for a Productive and Ethical FutureWhile AI holds immense potential for productivity, addressing safety, biases, and involving humans in decision-making is crucial. Embracing AI can lead to more job opportunities and prosperity.

      The future of AI holds immense potential for amplifying productivity and creating value for humanity. However, as AI becomes more powerful, we must prioritize safety and ensure responsible implementation. This includes addressing areas like robotics, self-driving cars, information safety, and bias. Keeping humans in the loop, at least in the foreseeable future, is crucial to avoid potential risks and ensure ethical decision-making. It is important to learn how to use AI and embrace its ability to augment productivity, both on an individual and organizational level. While jobs may be affected, the overall impact of AI is likely to generate more employment opportunities, as companies expand into new areas and industries become more productive. Our never-ending ambition and the constant pursuit of ideas ensure that productivity improvements lead to more prosperity and job creation.

    • Access Condensed Summaries of Business Books and Gain Key Insights with BlinkistBlinkist offers a valuable resource for accessing condensed summaries of business books, providing key insights that are beneficial for personal learning and team growth. Take advantage of their exclusive 50% discount.

      Blinkist is an invaluable resource for accessing condensed summaries of business books. With the help of an AI chatbot named Bard, the host was able to compile a list of Jensen's favorite business books. Additionally, Blinkist offers a collection of books related to the themes of the episode, such as tech innovation and leadership. With their premium content, you can gain key insights from thousands of books. These resources are not only beneficial for personal learning but also for companies and teams. Blinkist provides curated reading lists, progress tracking features, and a customer success manager to support team growth. Don't miss out on this exclusive 50% discount and take advantage of Blinkist and their parent company Go1's amazing resources.

    • The Challenging Journey of Building a Company: Reflections from Nvidia's CEOBuilding a company requires perseverance, a strong support system, and a willingness to underestimate the difficulties. It brings both pain and fulfillment, but is not for the faint of heart.

      Building a company is incredibly challenging and far more difficult than most people anticipate. Jensen Huang, the CEO of Nvidia, reflects on his own journey and acknowledges that if he had known about the pain, vulnerability, and endless challenges that come with entrepreneurship, he may not have started a company at all. However, he also highlights the superpower of entrepreneurs, which is their ability to underestimate the difficulty and simply ask themselves, "How hard can it be?" Jensen emphasizes the importance of a strong support system, including family, friends, and dedicated colleagues, who can provide emotional support and guidance throughout the journey. Despite the challenges, Jensen still finds immense enjoyment and fulfillment in his work, but recognizes that building a company is not for the faint of heart.

    • The Power of Support and Adaptability in Achieving Success.Having a strong support system and being adaptable in recognizing market opportunities are key factors in overcoming challenges and achieving exponential growth in business.

      Having a strong support system is crucial for success, especially during challenging times. Jensen Huang, CEO of Nvidia, highlights the unwavering support he received from employees and early investors, even when the company experienced significant market downturns. This support gave him the strength to endure and believe in the company's vision, despite facing criticism and doubt from external sources. Furthermore, Huang emphasizes the importance of recognizing the market opportunity and thinking beyond traditional limitations. By shifting from being a chip company to an AI company, Nvidia tapped into a much larger market, leading to exponential growth and expanded possibilities. This shows that the size of an opportunity depends on one's imagination and ability to evolve with the industry's changing landscape.

    Recent Episodes from Acquired

    Microsoft

    Microsoft

    Microsoft. After nearly a decade of Acquired episodes, we are finally ready to tackle the most valuable company ever created. The company that put a computer on every desk and in every home. The company that invented the software business model. The company that so thoroughly and completely dominated every conceivable competitor that the United States government intervened and kneecapped it… yet it’s STILL the most valuable company in the world today.

    This episode tells the story of Microsoft in its heyday, the PC Era. We cover its rise from a teenage dream to the most powerful business and technology force in history — the 20-year period from 1975 to 1995 that took Bill and Paul from the Lakeside high school computer room to launching Windows 95 alongside Jay Leno and the Rolling Stones. From BASIC to DOS, Windows, Office, Intel, IBM, Xerox PARC, Apple, Steve Jobs, Steve Ballmer… it’s all here, and it’s all amazing. Tune in and enjoy… Microsoft.

    Sponsors:

    Many thanks to our fantastic Season 14 partners:

    Links:

    Carve Outs:

    More Acquired:

    Note: references to Fortune in ServiceNow sponsor sections are from Fortune ©2023. Used under license.


    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    Renaissance Technologies

    Renaissance Technologies

    Renaissance Technologies is the best performing investment firm of all time. And yet no one at RenTec would consider themselves an “investor”, at least in any traditional sense of the word. It’d rather be more accurate to call them scientists — scientists who’ve discovered a system of math, computers and artificial intelligence that has evolved into the greatest money making machine the world has ever seen. And boy does it work: RenTec’s alchemic colossus has posted annual returns in the firm’s flagship Medallion Fund of 68% gross and 40% net over the past 34 years, while never once losing money. (For those keeping track at home, $1,000 invested in Medallion in 1988 would have compounded to $46.5B today… if you’d been allowed to keep it in.) Tune in for an incredible story of the small group of rebel mathematicians who didn’t just beat the market, but in the words of author Greg Zuckerman “solved it.”

    Sponsors:

    Many thanks to our fantastic Season 14 partners:

    Links:

    Carve Outs:

    More Acquired:

    Note: references to Fortune in ServiceNow sponsor sections are from Fortune ©2023. Used under license.


    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    Hermès

    Hermès

    In luxury, there’s Hermès… and there’s everyone else. Stewarded by one French family over six generations, Hermès sells the absolute pinnacle of the French luxury dream. Loyal clients will wait years simply for the opportunity to buy one of the company’s flagship Birkin or Kelly bags. Unlike every other luxury brand, Hermès:

    • Doesn’t increase supply to meet demand (hence the waitlists)
    • Doesn’t loudly brand their products (IYKYK)
    • Doesn’t do celebrity endorsements (stars buy their bags just like everyone else)
    • Doesn’t even have a marketing department! (they barely advertise at all)

    And yet everyone knows who they are and what they represent. But, despite all their iconoclasm, this is not a company that’s stood still for six generations. Unbeknownst to most, Hermès has completely reinvented itself at least three times in its 187-year history. Including most recently (and most dramatically) by the family’s current leaders, who responded to LVMH and Bernard Arnault’s 2010 takeover attempt by pursuing a radical strategy — scaling hand craftsmanship. And in the process they turned the company from a sleepy, ~$10B family enterprise into a $200B market cap European giant. Tune in for one incredible story!

    Sponsors:

    Many thanks to our fantastic Season 14 partners:

    Links:

    Carve Outs:

    More Acquired:

    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    Novo Nordisk (Ozempic)

    Novo Nordisk (Ozempic)

    Last year Novo Nordisk, the Danish pharmaceutical company behind Ozempic and Wegovy, overtook LVMH to become Europe’s most valuable company. And the pull for Acquired to finally tackle healthcare (18% of US GDP!) became too strong for us to resist. While we didn’t know much about Novo Nordisk before diving in, our first thought was, “wow, seems like these new diabetes and obesity drugs mean serious trouble for big insulin companies.”

    And then… we realized that Novo Nordisk IS the big insulin company. And in a story befitting of Steve Jobs and Apple, they’d just disrupted themselves with the drug equivalent of an iPhone moment. Once we dug further, we quickly realized this company has it all: an incredible 100+ year history filled with Nobel Prizes, bitter personal rivalries, board room dramas, a generation-defining silicon valley innovation, lone voices persevering against all odds — and oh yeah, the world’s largest charitable foundation at its helm. Tune in for one incredible story!

    Sponsors:

    Many thanks to our fantastic Season 14 partners:

    More Acquired:

    Links:

    Carve Outs:

    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    Holiday Special 2023

    Holiday Special 2023

    Ben has some big news. Actually, double big news! On what has become a holiday tradition here at Acquired, we cozy up to the fire to do our annual review of the show “in public”. We reflect on what can only be described as an absolutely mind-blowing 2023 (LVMH! Jensen! Costco! Charlie! Half a million plus listeners!) and look ahead to some big things cooking for 2024. Plus as always, we wrap with extended carve outs (joined this year by some surprise guests) for anyone still shopping for those holiday perfect gifts.

    Huge thank you to everyone for making 2023 an amazing year again here in Acquired-land, and cheers to even greater things to come in 2023!

    Sponsors:

    Thanks to our fantastic partners, any member of the Acquired community can now get:

    More Acquired!:

    Links / Extended Carve Outs!

    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    Visa

    Visa

    To paraphrase Visa founder Dee Hock, how many of you know Visa? Great, all of you. Now, how many of you know how it started? Or, for that matter, who started it? Who runs and governs it? Where is it headquartered? What’s its business model?

    For the 11th largest market cap company in the world, Visa’s history and strategy is almost shockingly unknown. A huge portion of the world’s population uses their products on a daily basis (you might say Visa is… everywhere people want to be), but very few know the amazing story behind how that came to be. Or why Visa continues to be one of the most incredible and incredibly durable business franchises of all-time. (50%+ net income margins!! On $30B of revenue!) Today we do our part to change that. Tune in for one heck of a journey.

    Sponsors:

    Thanks to our fantastic partners, any member of the Acquired community can now get:

    More Acquired!:

    Links:

    Carve Outs:

    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    Charlie Munger

    Charlie Munger

    We sit down with the legendary Charlie Munger in the only dedicated longform podcast interview that he has done in his 99 years on Earth. We’ve gotten to have some special conversations on Acquired over the years, but this one truly takes the cake. Over dinner at his Los Angeles home, Charlie reflected with us on his own career and his nearly 50-year partnership at Berkshire Hathaway with Warren Buffett. He offered lessons and advice for investors today, and of course he shared his speech on the virtues of Costco once again (among other favorite investments). We’re so glad that we got the opportunity to record and share this with you all — break out your notebooks, tune in, and enjoy the singular wit and wisdom of Charlie Munger.

    A transcript is available here.

    Sponsor:


    More Acquired!:

    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    NVIDIA CEO Jensen Huang

    NVIDIA CEO Jensen Huang

    We finally sit down with the man himself: Nvidia Cofounder & CEO Jensen Huang. After three parts and seven+ hours of covering the company, we thought we knew everything but — unsurprisingly — Jensen knows more. A couple teasers: we learned that the company’s initial motivation to enter the datacenter business came from perhaps not where you’d think, and the roots of Nvidia’s platform strategy stretch back beyond CUDA all the way to the origin of the company.

    We also got a peek into Jensen’s mindset and calculus behind “betting the company” multiple times, and his surprising feelings about whether he’d go on the founder journey again if he could rewind time. We can’t think of any better way to tie a bow on our Nvidia series (for now). Tune in!

    Editorial Note: We originally recorded this episode before the horrific terrorist attacks in Israel. It feels wrong to release this episode — where the nation of Israel and the Mellanox team are discussed — without sharing our profound sadness for all the families who had innocent loved ones or friends killed, injured, or taken hostage. Our hearts go out to everyone coping through this dark moment in history.

    Sponsors:

    Thanks to our fantastic partners, any member of the Acquired community can now get:

    More Acquired!:

    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    Nvidia Part III: The Dawn of the AI Era (2022-2023)

    Nvidia Part III: The Dawn of the AI Era (2022-2023)

    It’s a(nother) new era for Nvidia.

    We thought we’d closed the Acquired book on Nvidia back in April 2022. The story was all wrapped up: Jensen & crew had set out on an amazing journey to accelerate the world’s computing workloads. Along the way they’d discovered a wondrous opportunity (machine learning powered social media feed recommendations). They forged incredible Power in the CUDA platform, and used it to triumph over seemingly insurmountable adversity — the stock market penalty-box.

    But, it turned out that was only the precursor to an even wilder journey. Over the past 18 months Nvidia has weathered one of the steepest stock crashes in history ($500B+ market cap wiped away peak-to-trough!). And, it has of course also experienced an even more fantastical rise — becoming the platform that’s powering the emergence of perhaps a new form of intelligence itself… and in the process becoming a trillion-dollar company.

    Today we tell another chapter in the amazing Nvidia saga: the dawn of the AI era. Tune in!

    Sponsors:

    Thanks to our fantastic partners, any member of the Acquired community can now get:

    More Acquired!:

    Links:

    Carve Outs:

    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    Costco

    Costco

    Costco is not only Charlie Munger’s favorite company of all time (plus he’s on the board, natch), it’s an absolutely fascinating study in how seemingly opposite characteristics can combine to create incredible company value. For instance: Costco has the cheapest prices of any major retailer in America — and also the wealthiest customer base. They pay their hourly workers 30% above the industry norm (and give them excellent healthcare + 401k benefits) — and are almost 3x more profitable on labor than Walmart. Speaking of Walmart, Costco stocks 40x fewer SKUs than their Bentonville-based rivals — yet sells an average of 15x more volume of each. And oh yeah, practically all of Costco’s C-Suite started their careers as baggers and checkout clerks! Tune in for a mind-bending exploration of one of the world’s most iconic — and iconically unique — companies.

    Sponsors:

    Thanks to our fantastic partners, any member of the Acquired community can now get:

    More Acquired!:

    Links:

    Carve Outs:

    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    Related Episodes

    Nvidia Part III: The Dawn of the AI Era (2022-2023)

    Nvidia Part III: The Dawn of the AI Era (2022-2023)

    It’s a(nother) new era for Nvidia.

    We thought we’d closed the Acquired book on Nvidia back in April 2022. The story was all wrapped up: Jensen & crew had set out on an amazing journey to accelerate the world’s computing workloads. Along the way they’d discovered a wondrous opportunity (machine learning powered social media feed recommendations). They forged incredible Power in the CUDA platform, and used it to triumph over seemingly insurmountable adversity — the stock market penalty-box.

    But, it turned out that was only the precursor to an even wilder journey. Over the past 18 months Nvidia has weathered one of the steepest stock crashes in history ($500B+ market cap wiped away peak-to-trough!). And, it has of course also experienced an even more fantastical rise — becoming the platform that’s powering the emergence of perhaps a new form of intelligence itself… and in the process becoming a trillion-dollar company.

    Today we tell another chapter in the amazing Nvidia saga: the dawn of the AI era. Tune in!

    Sponsors:

    Thanks to our fantastic partners, any member of the Acquired community can now get:

    More Acquired!:

    Links:

    Carve Outs:

    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    Charlie Munger

    Charlie Munger

    We sit down with the legendary Charlie Munger in the only dedicated longform podcast interview that he has done in his 99 years on Earth. We’ve gotten to have some special conversations on Acquired over the years, but this one truly takes the cake. Over dinner at his Los Angeles home, Charlie reflected with us on his own career and his nearly 50-year partnership at Berkshire Hathaway with Warren Buffett. He offered lessons and advice for investors today, and of course he shared his speech on the virtues of Costco once again (among other favorite investments). We’re so glad that we got the opportunity to record and share this with you all — break out your notebooks, tune in, and enjoy the singular wit and wisdom of Charlie Munger.

    A transcript is available here.

    Sponsor:


    More Acquired!:

    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    TSMC

    TSMC

    It's time. We dive into the unbelievable history behind the quietest technology giant of them all — and as of recording the world's 9th (!) most valuable company — the Taiwan Semiconductor Manufacturing Company. This story checks every box in the Acquired pantheon of greatness: China, America, MIT, Don Valentine, Silicon Valley, "real men" looking silly, and... moats literally built by lasers. We're not kidding. Pull up a seat and settle in for a great one! 

    If you love Acquired and want more, join our LP Community for access to over 50 LP-only episodes, monthly Zoom calls, and live access for big events like emergency pods and book club discussions with authors. We can't wait to see you there. Join here at: https://acquired.fm/lp/

    Sponsors:
    Pilot: https://bit.ly/acquiredpilot24
    Statsig: https://bit.ly/acquiredstatsig24
    Crusoe: https://bit.ly/acquiredcrusoe


    Links:

     Carve Outs:

    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    Nike

    Nike

    Nike — it’s perhaps the most iconic and most prolific brand of the modern era. On any given day, swooshes adorn the feet of more people on earth than any other footwear company — by a long shot.

    If you read Shoe Dog or watched Air, you may think you know its history. But Shoe Dog ends in 1980, and Air… well let’s just say it’s an enjoyable piece of fiction. And it turns out (as always) that the real story is filled with far more drama, twists and business lessons than either of those works.

    We’ve been wanting to cover Nike for a long time, and thanks to our LPs who voted to choose this episode it’s finally here. So lace up your Vaporflys, Air Maxes, Dunks or Jordans (or your Monarchs, hey we don’t judge), head out for a long run or walk and enjoy!

    Sponsors:

    Thanks to our fantastic partners, any member of the Acquired community can now get:


    More Acquired!:


    Links:


    Carve Outs:


    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    Qualcomm

    Qualcomm

    Qualcomm, or “Quality Communications” — despite being one of the largest technology companies in the world, few people know the absolutely amazing technological and business history behind it. Seriously, this story is on par with Nvidia, TSMC and all the great semiconductor giants. Without this single fabless company based in San Diego, there’s almost no chance you’d be consuming this episode on whatever device you’re currently listening on — a fact that enables them to earn an incredible estimated $20 for every new phone sold in the world. We dive into this story live at the perfect venue: our first-ever European live show at Solana’s Breakpoint conference in beautiful Lisbon, Portugal! 

    If you want more Acquired, you can follow our public LP Show feed here in the podcast player of your choice (including Spotify!). 

    Links:

    Sponsors:
    Pilot: https://bit.ly/acquiredpilot24
    Statsig: https://bit.ly/acquiredstatsig24
    Crusoe: https://bit.ly/acquiredcrusoe


    ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.