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    Chase Center + Summer Update

    enAugust 08, 2024
    What date is the live show at Chase Center?
    Who is the special guest attending the event?
    How much do tickets cost for floor seats?
    What major publication featured the podcast recently?
    How can attendees organize meetups for the event?

    Podcast Summary

    • Acquired live showThe Acquired team is hosting a live show at the Chase Center in San Francisco, inviting listeners to join for a tech community celebration with Mark Zuckerberg in attendance, affordable tickets, and additional events planned.

      The Acquired team is hosting a live show at the Chase Center in San Francisco on September 10th, and they're inviting listeners to join them for a celebration of the tech community. After 10 years of producing the podcast without a break, they're taking some time off to put all their energy into this event. Mark Zuckerberg will be in attendance, and there will be surprises in store. Tickets are $100 for floor seats and $50 for the rest of the arena, making it an affordable event for many. The team hopes it will feel like a West Coast version of Omaha for tech enthusiasts, with additional events planned around the show. They encourage listeners to organize their own meetups and activities in the Slack channel. The team is excited to make this a big celebration for the community and hopes to see as many people there as possible. The last few months have been a whirlwind for the team, with Ben's second daughter being born and a Wall Street Journal article about the podcast being published shortly after.

    • WSJ article impact on How I Built ThisAn article in the Wall Street Journal led to unprecedented growth for the How I Built This podcast, reaching a larger, more engaged audience and staying at the top of the charts for weeks and months, resulting in over 300,000 new subscribers or followers.

      The Wall Street Journal profile of the "How I Built This" podcast was a game-changer for the show, leading to unprecedented growth and reaching a larger, more engaged audience. The article's publication coincided with the show becoming the number one podcast on both Spotify and Apple charts, resulting in over 300,000 new subscribers or followers. This growth amplified the impact of the article and created a self-fulfilling prophecy, with the show staying at the top of the charts for weeks and months. The audience for the show, which had been growing organically for nearly a decade, was primarily built through personal recommendations, making the new listeners from the Wall Street Journal a welcome addition to the community. The WSJ audience, known for their education and thoughtfulness, fit perfectly with the show's mission to explore the stories behind successful companies and entrepreneurs.

    • Unexpected growth eventsSuccess often comes from unexpected places and can't be predicted or planned for, but studying the histories of companies that experienced outsized growth can provide valuable insights

      Every great business success story is unique and unpredictable. The companies that have experienced outsized growth didn't follow a set formula, but rather, they each embarked on their own distinct journeys. This was a key insight from the "Acquired" podcast, which examines the histories of tech companies that became monopolies or near monopolies. The hosts found that these companies' early years were full of idiosyncrasies and unexpected events that contributed to their success. For example, the growth of these companies didn't follow a smooth trajectory, but rather, there were sudden, significant jumps that couldn't have been predicted or planned for. Additionally, the hosts noted that it's impossible to pitch or plan for these kinds of growth events, they just happen. So, while there are lessons to be learned from these companies, it's important to remember that each business is unique and that success often comes from unexpected places.

    • The a16z Podcast format updateThe a16z Podcast is refocusing on their core format with hosts David Lee and Connie Chan, while ACQ2 will offer longer interviews. Recommended running stroller: Thule Urban Glide 3.

      The podcast "The a16z Podcast" is focusing on their core format with hosts David Lee and Connie Chan, while their sister channel ACQ2 will be dedicated to in-depth interviews. If you're a fan of their longer interviews, such as the one with the Synopsis founders or the upcoming interview with Joe Montana, ACQ2 is the place to tune in. Additionally, the hosts shared their personal recommendations for parent-related products, specifically running strollers, to help make the most of family time. My recommendation is the Thule Urban Glide 3, while David shared his experience with a running stroller during his family vacation in Hawaii.

    • Acquired SF eventAcquired and JPMorgan Payments are hosting a live event on Sep 10th in SF with special guests and an extraordinary experience. Attendees can use the Acquired Slack channel for meetups and tickets are available at acquired.fm/SF.

      The Acquired team, in collaboration with JPMorgan Payments, is putting on a live event on September 10th in San Francisco. This event promises to be extraordinary with special guests like Mark Zuckerberg and a team effort that has made the Acquired team feel like they've tripled or quadrupled in size. The team is grateful for JPMorgan Payards' support and is looking forward to making this the best live event attendees have ever experienced. To organize meetups, lunches, or dinners, attendees can use the Acquired Slack channel. Tickets are available now at acquired.fm/SF. The team is excited to see everyone there.

    Recent Episodes from Acquired

    Chase Center + Summer Update

    Chase Center + Summer Update

    Summer greetings from Acquired! Two items for this “mini-episode”:

    1. Tickets are now available for our live show at Chase Center in San Francisco, with special guests including Mark Zuckerberg (!). The show is Tuesday, September 10th, with doors opening at 5 PM for an hour of mingling with other listeners before the show starts at 6 PM. Huge thank you to the J.P. Morgan Payments team for being our incredible partner in making this happen. Tickets are almost gone so make sure you grab one ASAP — you don’t want to miss this night! https://acquired.fm/sf

    2. We also figured this is a good excuse to update you all on the state of Acquired — after an incredible first half of the year (including WSJ’s profile of the show) we are taking the rest of the summer off to recharge, parent our young children, and prepare for the big night in September. We hope you’re having a great summer, and we’ll see you live in the fall!

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    ‍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.

    Microsoft Volume II

    Microsoft Volume II

    In 1999, Microsoft became the most valuable company in the world. And in 2019, Microsoft became the most valuable company in the world, again. But… what happened in the twenty years in between? The answer, as we discovered in our research, is probably not what you think.

    In this episode we explore and analyze the browser wars and the DOJ case, Windows XP through 8, Surface, Xbox, search, Yahoo!, Bing, the iPhone, Nokia, mobile, social, Facebook… and oh yeah, a little thing called Azure and the enterprise — which ended up becoming so big that no failures mattered. Tune in for Microsoft, Volume II.

    Chase Center Live Show in SF:

    • Sign up here to for the pre-sale list before tickets are available to the public. See you there!!

    Sponsors:

    Many thanks to our fantastic Season 14 partners:

    Links:

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    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.

    Starbucks (with Howard Schultz)

    Starbucks (with Howard Schultz)

    Starbucks. You’d be hard pressed to name any brand that’s more ubiquitous in the world today. With nearly half a billion global customer purchases per week across its stores and 3rd party retail channels, a significant portion of the human population gets their daily fix in the green and white paper cup. (Including our own Ben Gilbert who famously enjoys his daily spinach feta wrap. :)

    But it wasn’t always this way. Long before the frappuccinos and the PSLs and the cake pops, Starbucks was just a small-time Seattle roaster that only sold beans — and was started not by Howard Schultz but rather the guys who later ran Peet’s (!). Starting from six tiny stores when Howard took over in 1987, this quirky coffee company named after a character from Moby Dick has scaled to nearly 40,000 locations worldwide.

    Today, in a first for Acquired, the protagonist himself joins us as a third cohost to tell the whole story of Starbucks. And Howard is in the perfect moment to do this — after three separate stints as CEO he’s now retired, off the board of directors, and in his own words “not coming back.” So place a mobile order (or not! as you’ll hear Howard speak about), sit back with your own favorite Starbucks items, and enjoy.

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    ** Future capabilities of biometric payments are under development; features and timelines are subject to change at the bank’s sole discretion.*


    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.

    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.

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    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.”

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    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!

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    ‍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!

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    ‍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!

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    ‍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.

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    ‍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.

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    ‍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.

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