Invest Like the Best with Patrick O'Shaughnessy cover image

Invest Like the Best with Patrick O'Shaughnessy

Peter Fenton & Victor Lazarte - Purpose and Partnership - [Invest Like the Best, EP.354]

Nov 28, 2023
01:29:21
Snipd AI
Peter Fenton and Victor Lazarte, General Partners at Benchmark Capital, discuss great entrepreneurs' core motivators and Benchmark's unique operating philosophy. They delve into the challenges of transitioning from builder to investor and the benefits of evaluating founders without preconceived frameworks. The importance of mental well-being, building profitable businesses in the consumer market, and purpose-driven partnerships are also explored. Additionally, they explore the potential of LLM platforms and reflect on the lessons learned from a hardworking mother.
Read more

Podcast summary created with Snipd AI

Quick takeaways

  • Building a cash-generating business through free-to-play mobile games by capitalizing on early-mover advantage and new markets.
  • Balancing generative drive, aggression, and the pleasure drive is crucial for entrepreneurs and investors for sustained success.

Deep dives

Building a Cash-Generating Business through Free-to-Play Games

Victor Lazarte, the co-founder of a successful mobile gaming company, shares insights into building a cash-generating business through free-to-play games. By capitalizing on the early days of mobile gaming and leveraging the mechanics of successful paid games, Lazarte's company created compelling free games that garnered high downloads and organic traffic. The ability to access new markets and have an early-mover advantage enabled them to generate significant cash flow. However, he also highlights the challenge of sustaining profitability in the current market, where user acquisition costs are high due to dependence on platforms like Google and Apple.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode