business

In the entrepreneurial journey, facing rejection is not just a possibility, but a certainty. However, it's the ability to perceive these rejections not as setbacks, but as stepping stones, that sets apart the most successful entrepreneurs.

Each 'no' offers a unique opportunity to refine an idea, sharpen a pitch, and foster resilience. It can even be a sign that your idea is so contrarian that it could be truly transformative.

This is a theory we've explored before on Masters of Scale. And now we're revisiting it in this special "Remix" episode. We'll hear a range of scale leaders share their strategies for weathering the chorus of no's, and see how doing so was a vital part of their scale journeys.

Learn more about MacGyver: MacGyver.com

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President Biden is the first president to face the full force of the AI revolution. In this special episode, Reid Hoffman joins Rapid Response host Bob Safian for an exclusive inside look into the closed-door meeting between Reid and President Biden. From regulation and economic impact to the potential dangers of AI in the wrong hands, Reid and Biden’s wide-ranging conversation explored the complex challenges that come with this groundbreaking technology. Reid reveals his thoughts on the president’s understanding of AI, the potential impacts of government regulation, and the opportunities that the new technology will bring.

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‘Tis the season for toys! First, we’re getting an update on where toy retailers stand today with Forbes Senior Contributor Joan Verdon. She’s covered Toys R Us since the late 90s, and has the inside scoop on whether this chain is actually making the big comeback the headlines claim.

Later, we’re zooming in on one toy that’s stood the test of time — Hot Wheels – with Bruce Pascal, who has the world’s most valuable, historically-complete collection of these tiny cars. And he’s recently created his own museum for them. Plus, Bruce shares how he acquired the “holy grail” for Hot Wheels collectors (hint: it’s hot pink).

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Often a small tweak, a rethink of a feature, is what helps your product break out of the pack. Just ask the founder of the Bumble dating app, Whitney Wolfe Herd. She rebounded from one dating app start-up (that you may have heard of) with a brilliant idea for a whole new way of connecting. Hear how the small tweaks along the way helped her move into huge new markets. With cameo appearances by Steve Spohn (AbleGamer) and Marissa Mayer (Google, Yahoo).

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Under a harsh spotlight, how do you remain composed while fighting for your mission? Anti-Defamation League CEO Jonathan Greenblatt joins Rapid Response host Bob Safian to take us inside the story of his public row with Elon Musk. Jonathan also explains how business leaders must ignite hope in the face of hate to help build a brighter future. Plus, he shares lessons about the seasonality of business, the importance of Hollywood, and why leaders everywhere should embrace conflict.

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The boldest of entrepreneurs take on the impossible. Recorded live at the Masters of Scale Summit, four scale leaders in Bjarke Ingels, Aurora James, Kathryn Finney, and Scott Harrison offer their strategies and ideas around taking on society’s most complex and tough challenges. In this episode, you’ll hear how each entrepreneur embraces a unique challenge from addressing systemic racism, designing sustainable architecture, to bringing clean and safe water across the globe. To take on the impossible, and build a better future, each of these leaders offers that the road to scale begins with a daring mindset and a willingness to embrace problems — no matter their size or complexity.

Donate to charity: water here: https://cwtr.org/mos

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How do you nurture human talent in today’s AI-obsessed, pressure-cooker business climate? Arianna Huffington, founder of Thrive and Huffington Post, and Padmasree Warrior, founder of Fable and former chief strategy officer at Cisco, offer actionable advice on avoiding burnout—for yourself and your teams. Arianna and Padma explain how productivity and positive business outcomes are directly linked to employees’ health and wellbeing. Recorded live at the Masters of Scale Summit in San Francisco, they share with host Bob Safian their personal experiences with burnout as well as simple tips, including how even a brief 60-second break can be a powerful tool to de-stress.

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Need to Know: AI’s risks and opportunities; why Reid launched his own AI chatbot; and what Elon Musk and Sam Altman aren’t telling you. Reid Hoffman joins Bob Safian to explore how leaders everywhere should prepare for the AI revolution. Plus, Reid shares the inspiration and strategy behind co-founding his company, Inflection AI. If you’re unsure how to begin a period of experimentation and AI rollout, Reid and Bob have you covered.

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Rapid Response with Bob Safian: How do you re-skill a 65,000-strong workforce to prepare for the AI revolution? PwC recently invested $1 billion into AI, hoping to unleash never-before-seen potential for employees and clients. US chief Tim Ryan explains why and how the money will be spent, plus shares what he’s advising fellow CEOs about which industries are most poised for change from AI and how leaders everywhere can address both opportunities and anxieties around AI.

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Check out these fun things:

Patreon: ⁠https://www.patreon.com/calebhammer⁠

My socials: ⁠https://linktr.ee/calebhammer⁠

Do you want to be in a Financial Audit and you're in the Austin area? Email [email protected]

Sponsorship and business inquiries: [email protected]

_______________________

Timestamps: 00:00 I don't like you 02:31 Why can't you afford to live?? 04:22 RISKY finances! 06:15 NEGATIVE MONEY IN HIS CHECKING ACCOUNT 11:00 Spending ALL his money! 14:00 Shared account with his girlfriend?? 16:21 TIMESHARE 20:43 Declaring bankruptcy... 26:55 STUPID car debt 31:05 Credit score and collections... 33:05 SELL THE CAR 35:09 Clean up this mess dude... 38:22 I don't think you're going to sacrifice! 42:30 DON'T GET A CREDIT CARD AGAIN 44:44 I have low confidence... 48:06 Hammer Financial Score

The Times Briefing for the Morning of Thursday 1st June

For more on these stories throughout the day tune into Times Radio - on DAB, online, through your smart speaker or on the Times Radio app

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Today we bring you two absolutely incredible stories. The first is Lockheed’s legendary Skunk Works division — the elite team of aviation geniuses who produced some of the greatest airplanes in history: the U-2, the Stealth Fighter, and the incomparable SR-71 Blackbird. The second story is arguably even more important, but not widely known! It's the secret and true origins of Silicon Valley — and Lockheed’s primary role in it. We take you from WWII to the Cold War, all the way to today to unpack and analyze the industry dynamics of defense contractors in the modern era. Tune in and prepare to be blown away by what you’ll learn about the history of our industry!

ACQ2 Show:

• Subscribe to the shiny new ACQ2!

Links:

• Ben Rich’s Skunk Works
• Kelly’s 14 Rules of Skunk Works
• LMSC’s “Seven Tenets”
• Steve Blank’s Secret History of Silicon Valley
• Episode sources

Carve Outs:

• Nier: Automata
• The Blackbird speed check story
• EGO Lawn Tools (just in time for Fathers’ Day!)

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.

Early-stage startups are a lot like pirate ships — they need a buccaneering spirit to survive. But every startup needs to shed its pirate nature at some point, and evolve into something more akin to a navy — no less heroic, but more disciplined. Dara Khosrowshahi, as Uber CEO, took on the most extreme pirate-to-navy transition in startup history. Though Uber blitzscaled to become the most valuable startup in the world, it was also notorious for its toxic culture — and Dara turned the company around. His method? Truth-telling and doing the right thing

"All-Star Episodes" are part of a special series designed to center some of the most timely — and timeless — business wisdom in the Masters of Scale feed. These episodes best encapsulate the kind of transformative, unconventional insights you hear in the series." Have an idea for an All-Star Episode from our library? Let us know at [email protected].

Read a transcript of this episode: https://mastersofscale.com/

Subscribe to the Masters of Scale weekly newsletter: https://mastersofscale.com/subscribe

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Brought to you by Rows—The spreadsheet where data comes to life | Braintrust—For when you needed talent, yesterday | Coda—Meet the evolution of docs

—

Carilu Dietrich is a former CMO, most notably the Head of Marketing who took Atlassian public. These days she’s an advisor to CEOs and CMOs of hypergrowth B2B companies and has worked with companies like Miro, Segment, Bill.com, 1Password, Productboard, Sprout Social, Weights & Biases, and more. In today’s episode, we discuss:

* Patterns across the most successful hypergrowth companies

* How to advance in your career, and how to someday become an executive

* How to decide which company to work at

* Advice for navigating the job market during tough times

* How to find and execute new growth opportunities

* Why most CMOs and CPOs get fired, and what we can learn from this

—

Find the transcript for this episode and all past episodes at: https://www.lennyspodcast.com/episodes/. Today’s transcript will be live by 8 a.m. PT.

—

Where to find Carilu Dietrich:

• LinkedIn: https://www.linkedin.com/in/hypergrowth-advisor/

• Newsletter: www.carilu.com

• Twitter: https://twitter.com/clu007

—

Where to find Lenny:

• Newsletter: https://www.lennysnewsletter.com

• Twitter: https://twitter.com/lennysan

• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

—

In this episode, we cover:

(00:00) Carilu’s background

(04:28) Habits and behaviors that will help you reach an executive role

(07:15) Why there is no substitute for working hard

(08:15) 5 things you need to do to get to the C-suite

(10:39) Choosing the right company for accelerated career growth

(12:42) Criteria for assessing a phenomenal company

(14:41) Asking better questions and making decisions with energy

(16:05) Advice for finding a job during a recession

(19:25) The importance of quality products and sustained brand advertising

(24:06) Lessons from successful hypergrowth companies

(28:14) Is word of mouth a necessary growth lever?

(31:31) How to accelerate word-of-mouth marketing

(35:28) Atlassian’s product-led growth strategy and delayed sales team hiring

(39:54) When to hire your first salesperson

(43:04) Common growth levers and roadblocks

(47:01) How to build trust between CEOs and CMOs

(49:00) Challenges of C-suite roles in startups

(52:55) Bundling strategies

(57:17) Lightning round

—

Referenced:

• Tomasz Tunguz: https://www.linkedin.com/in/tomasztunguz/

• Denise Persson: https://www.linkedin.com/in/denisepersson/

• Oracle: https://www.oracle.com/

• Atlassian: https://www.atlassian.com/

• Classy: https://www.classy.org/

• Snowflake: https://www.snowflake.com/en/

• Salesforce: https://www.salesforce.com/

• Okta’s “Businesses at Work” 2023: https://www.okta.com/businesses-at-work/

• Y U No Use Hipchat billboard: https://techcrunch.com/2011/04/22/y-u-no-have-lame-billboard-hipchat/

• Productboard: https://www.productboard.com/

• Miro: https://miro.com/

• Scott Farquhar: https://www.linkedin.com/in/scottfarquhar/

• Elena Verna on Lenny’s Podcast: https://www.lennyspodcast.com/the-ultimate-guide-to-product-led-sales-elena-verna/

• Tao Te Ching, Stephen Mitchell translation: https://www.amazon.com/Tao-Te-Ching-Laozi/dp/0060812451/ref=asc_df_0060812451/

• How to Win Friends and Influence People: https://www.amazon.com/How-Win-Friends-Influence-People/dp/8183227899/ref=tmm_pap_swatch_0

• Never Split the Difference: https://www.amazon.com/Never-Split-Difference-audiobook/dp/B01COR1GM2/ref=sr_1_1

• Everything Everywhere All At Once on Hulu: https://www.hulu.com/movie/everything-everywhere-all-at-once-fa320000-8cf3-46fc-8c45-df5ec67b71f2

• Tara Brach guided meditations: https://www.tarabrach.com/guided-meditations/

—

Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email [email protected].

Lenny may be an investor in the companies discussed.

How do you create authentic partnerships to build scale? Daymond John, founder of FUBU and one of the original “sharks” on ABC’s Shark Tank, shares lessons from FUBU’s earliest days in Queens, where he partnered with bouncers, bodegas, his neighbor LL Cool J, and his earliest collaborator and investor (his mom) to turn a great idea into a billion-dollar urbanwear brand.

"All-Star Episodes" are part of a special series designed to center some of the most timely — and timeless — business wisdom in the Masters of Scale feed. These episodes best encapsulate the kind of transformative, unconventional insights you hear in the series. Have an idea for an All-Star Episode from our library? Let us know at [email protected].

Read a transcript of this episode: https://mastersofscale.com/

Subscribe to the Masters of Scale weekly newsletter: https://mastersofscale.com/subscribe

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Copy.ai Founder Paul Yacoubian joins Jason to break down the evolution and progress that OpenAI has made with its GPT LLMs (2:38) before discussing the radical shifts that AI will cause across most industries (20:46). They end the show with a demo of Copy.ai and the legal issues surrounding training datasets (48:54).

(0:00) Jason kicks off the show

(2:38) The evolution of GPT-2 to GPT-3

(8:16) Mercury - Apply in minutes and get up to $5M in FDIC insurance at https://mercury.com

(9:45) How GPT summarizes work

(13:39) Working with GPT-4

(19:14) Microsoft for Startups Founders Hub - Apply in 5 minutes for six figures in discounts at http://aka.ms/thisweekinstartups

(20:46) Radical shifts in AI

(29:59) Accepting AI

(36:59) Mayfair - Get 4.35% APY on your cash and increase your FDIC insurance coverage at https://getmayfair.com/twist

(38:29) Working systems with ChatGPT

(45:20) Who wins between Google and OpenAI

(48:54) Copy.ai demo

(52:38) Licensing of the underlying data

(57:10) The demand for hardware when developing AI

(59:53) More on Copy.ai

FOLLOW Paul: https://twitter.com/paulyacoubian

FOLLOW Jason: https://linktr.ee/calacanis

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