Ben Gilbert
@gilbert
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It is absolutely astonishing that the fastest plane ever built (still!) was designed and flown before the invention of the calculator.
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I love this litmus test for if a company has a strong brand or not.
From Seth Godin:
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It's wild that the 4 largest companies in France are ALL luxury/beauty.
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Busy people have two windows they can talk:
A) 1-3 weeks out, with intense scheduling
B) "Actually, free now in case that works to give me a ring"
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As usual,
@benthompson
has the best take I've seen on Figma.
I didn't realize how much "close to the metal" code they wrote to achieve the breakthrough UX they have.
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There was once a PM at Slack who decided Cmd+K should not be the keyboard shortcut for hyperlinks.
I would like to know this person's name and phone number.
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I am literally speechless. NVIDIA just grew data center sales 141% in a quarter.
That's not compared against this quarter last year. That's literally growth in three months.
$4.3B -> $10.3B
That's... with the constraint of needing to ship physical hardware to customers. Nuts.
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Uber and Airbnb: "Heh, let's hit 'em with crazy fees at checkout and see if they notice."
My Amazon Fresh cart: "Hold my beer."
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"Every market valuation is a number from today multiplied by a story about tomorrow.
And the stories change much faster than the numbers." -
@morganhousel
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An old co-worker once told me, "if someone is attractive, I discount everything they say by 50% since they've been given the benefit of the doubt their whole life."
I think about that a lot.
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“
@Solana
will be integrated into
@brave
. And Solana will be the default for multi-chain DApps.” (!!)
-
@BrendanEich
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Big
@AcquiredFM
news: I'm going full-time with
@djrosent
!
A zillion thank yous to everyone who has listened, helped with research, taught me new ideas, been a guest, or sponsored to make this possible.
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What's something that looks way riskier than it actually is?
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The technicalities:
@HotForMoot
A-12 prototype flew in April 1962.
First desktop transistor-based calculator was Friden EC-130 in June 1963.
To your point, there were some tube-based and calculators outside the US before then.
But my broader point is that the development of this plane was done almost…
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It’s pretty crazy that Ben Affleck basically made up all the important parts of the story for "AIR".
- Sonny didn’t visit MJ’s parents in NC
- Sonny didn’t negotiate with MJ’s mom
- Nike didn’t bet the whole budget on MJ
- Nike never considered ending the basketball program
-…
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@heyalexfriedman
Amazing company. Couple things:
- 17% is too high. Markup on goods has a 14% is ceiling, 15% for Kirkland Signature. Since this is markup on COGS, margin on final price is slightly lower.
- Chickens are not loss leaders as far as I am aware
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What is the best productivity music and why is it The Social Network soundtrack?
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New Acquired on Monday.
It's an episode I can't believe we've never done, but we needed the past 9 years of learning to make sure we did it right.
Can't wait.
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We usually put the guest's title and company on the episode image.
Didn't seem necessary for this one. 🐐
Today: Charlie Munger, in his first longform podcast interview ever.
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Fun behind-the-scenes from our Jensen interview: it wasn't actually Nvidia's lobby!
It was 3 LED walls designed to look like it — similar to "The Volume" used to film The Mandalorian.
Unbelievable that LED screens are now good enough to use in-camera vs. a green screen.
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Today I learned that Texas Instruments is worth more than Intel, Qualcomm, or AMD. 🤯
Everyone sleeps on analog.
h/t
@jbathgate
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It’s a media company with more subscribers than most newspapers.
...plus a VC firm bigger than
@sequoia
’s first fund.
And it’s only one person.
An absolute pleasure to tell the
@notboringclub
story with
@packyM
.
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So pumped for the first
@AcquiredFM
episode of the year dropping tomorrow.
Recorded 8 hours in studio. Condensed it down to the best 4. Most effort ever spent in the edit but I think it'll be worth it.
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Nice shirt,
@tim_cook
!
Thanks for speaking remotely to the
@OhioState
graduating class today.
Livestream link:
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I just re-listened to the LVMH
@AcquiredFM
episode. Had to refresh my memory on a few things.
It is indeed our best work.
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Name a more useless stat than "McKinsey says the metaverse could reach $5 trillion by 2030."
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Huge thank you to all the government employees and liaisons from private sector.
There must've been hundreds of people at the FDIC/FRB working tirelessly to evaluate options, understand trade-offs, communicate, and cut through red tape/politics to make this happen in 55 hours.
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"You build a great company by doing things that other people can’t do.
You don’t build a great company by fighting other people to do things that everybody can do."
-Jensen Huang
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Teams: You're corporate
Meet: You're cheap
Zoom: Neutral
WebEx: You either work for the government or Apple
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Costco is structurally my favorite business we've ever studied.
Every tradeoff they make intentionally feeds into the next one to create a differentiated, durable company.
Strategy at its finest.
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@HotForMoot
A-12 prototype flew in April 1962.
First desktop transistor-based calculator was Friden EC-130 in June 1963.
To your point, there were some tube-based and calculators outside the US before then.
But my broader point is that the development of this plane was done almost…
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One day you say to your friend, "hey we should start a podcast" and then 5.5 years later...
🙌❤️ to everyone who has listened, shared, and given us feedback over the years to make Acquired what it is.
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Mystery solved! Nice work,
@zacharykimball
.
@gilbert
Oof. Looks like other flavors are (correctly) coded in milliliters, while Black Cherry erroneously entered as liters (1000mL).
WA liquor tax of $3.7708/liter:
- for 4x355mL = $5.35 (correct)
- for 4x355L = $5,354.54 (not correct!)
[Amazon actually seems to round to $3.771/L]
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It feels like Microsoft has *always* been big and dominant. I never really appreciated that they were once a scrappy startup in an unproven industry (...and I even worked there!)
I now finally have an appreciation.
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Recent Seattle Unicorns: Auth0, Convoy, Outreach, Rover.
And lots more (announced) significant fundings in the last few months incl.: Algorithmia, AppSheet, Boundless, Dolly, Flexe, Igneous, Karat, Pro, Wyze, Zenoti, ZipWhip.
It's a great time to be doing startups in Seattle.
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If you care about crafting high-quality products, this episode is for you.
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It blows my mind that public co CFOs + CEOs don't use good mics for earnings calls.
It's a $100 expense to sound way more credible and trustworthy.
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When next week's
@AcquiredFM
drops, some percent of listeners will go "omg YES" and the others (majority?) will never have heard of the company at all.
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We're often asked about the process to produce
@AcquiredFM
.
So, when long-time listener
@davidlidsky
asked to shadow
@djrosent
and I, we jumped at the chance.
Here's a behind-the-scenes look at the Nike episode, and Acquired's broader journey:
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"Okay, now try to effortlessly toss that floppy at the camera. Yes, perfect."
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Not Wordle, just the company that's bummed there's a gaming acquisition this week that doesn't involve them.
🟥🟩
🟦🟨
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I always laugh when I hear "up and to the right."
It's a time-series graph. Of course it's to the right.
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Wow, this blew up.
If you like getting nerdy about the history of companies, check out
@AcquiredFM
:
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I bet the person who discovered vanilla actually thought it was pretty exciting, not plain or boring.
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Big
@AcquiredFM
episode drops tomorrow on Europe's largest company.
Pumped to get it out there 🍾
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Buying a fridge for the garage is the most I've ever admitted I'm a grown-up.
Costco, here we come.
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The reason that products are great is because the people who created them were obsessed.
I don't think there is any other way to make something truly high-quality.
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Full conversation here:
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I had to buy one: the Hermès Fourre Tout. Japan, late 2000s, 100% cotton.
Remarkable that you can still get them for ~$150 on a variety of secondhand markets.
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Tomorrow, the United States is scheduled to launch our own astronauts to space for the first time since 2011 (!)
So of course,
@djrosent
and I needed to do a 2-hour-40-minute
@AcquiredFM
deep dive on the history, strategy, and business of
@SpaceX
:)
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Warren Buffett's view on owning local-monopoly newspapers in the 70's is a great example.
Fundamentally mispraced risk.
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I keep trying to use ChatGPT for
@AcquiredFM
research, but it keeps lying. And so confidently!
Ends up taking more time than it is worth to confirm answers.
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2013: The robots are coming for the factory jobs!
2023: Turns out it was actually the desk jobs we should've worried about.
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Another random observation: very, very low Apple Watch count in France.
Mechanical/quartz watches going strong here.
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Amazon : Shopify ::
UberEats : ???
Who is arming the restaurateur rebels?
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Update: if you live in WA state, do NOT order Black Cherry High Noon Hard Seltzer.
And yes, it is just that flavor.
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The best way to learn something on the Internet has become searching Google and appending "Reddit".
Reddit is by far the most valuable social media platform in my life.
Fascinating this behavior has increased over the last 3 years. Reddit is 18 years old!
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Still blows my mind we don't know who Satoshi Nakamoto is.
$650B of market cap and we have no idea who came up with the idea.
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Any episode that forces me to remember an undergrad CS class is a good one in my book.
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