Business Breakdowns: “The Founder” Ray Kroc and the Story of McDonalds | E1872
This Week in Startups
The Founder: A Complex Biopic
This chapter explores the unique approach taken by the film 'The Founder' in portraying the story behind McDonald's. It discusses the conflicted and complex portrayal of the protagonist, challenging viewers to evaluate their own judgments. The chapter also delves into the theme of persistence and the film's thoughtful and layered approach.
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Today’s show:
Lon Harris sits down with Jason to examine product-market fit and market-pull and their role in McDonalds' success (21:11), the importance of complementary skill sets between founders within any startup.(32:41), the path of doubt, fear and uncertainty that founders experience (45:29), and more!
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Timestamps:
(0:00) Lon Harris joins Jason
(3:35) Lon brings us quick hits on the film The Founder.
(9:30) Lon shares his admiration for the film
(10:16) Jason discovered the film through a curious link with Mark Knopfler.
(12:02) Curotec - Check out http://www.curotec.com/twist and get $5000 off
(16:00) Delving into the McDonalds' story
(17:47) Discussion on a common entrepreneurial revelation: efficiency and customer focus
(21:11) Examining product-market fit and market-pull in "The Founder" and its role in McDonalds' success.
(24:09) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist
(25:36) Building a series of innovations will create enormous value.
(27:35) Ray Kroc takeaway: the pursuit of relentless self-improvement on the way to his one big win.
(32:41) The importance of complimentary skill sets between founders within any startup.
(34:25) Masterworks - Skip the waitlist to invest in fine art at https://www.masterworks.com/twist
(35:43) Exploring strengths and criticisms of the franchise model.
(41:36) The role of spouses in startup formation
(45:29) The path of doubt, fear and uncertainty that founders experience before any winning.
(49:54) Lessons around deal-making and negotiation.
(1:00:07) The power struggle between the McDonald brothers and Ray Kroc
(1:02:43) Discussing the significance of equity and stock ownership in business
(1:08:26) Ray Kroc’s brilliance came from his power to observe value and opportunity.
(1:16:51) Business Breakdown Awards for “The Founder”
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Thanks to our partners:
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(24:09) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist
(34:25) Masterworks - Skip the waitlist to invest in fine art at https://www.masterworks.com/twist
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Follow Lon:
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Follow Jason:
Instagram: https://www.instagram.com/jason
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow TWiST:
Substack: https://twistartups.substack.com
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
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Subscribe to the Founder University Podcast: https://www.founder.university/podcast
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