

Brad Gerstner – Public and Private Investing - [Invest Like the Best, EP.179]
35 snips Jun 23, 2020
Brad Gerstner, Founder and CIO of Altimeter Capital, shares insights from his tech-focused investment firm. He discusses the shift towards private investing, emphasizing its role in value creation. The podcast explores changes in online consumer behavior, and how essentialism influences both investments and personal life. Gerstner also reflects on the rise of Chinese internet giants and the challenges of navigating competitive markets in tech. Expect a captivating conversation about the future landscape of technology and investment.
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Lifecycle Investing
- Brad Gerstner's Altimeter Capital invests in technology companies throughout their lifecycle, focusing on long-term compounding.
- They emphasize private market investments, recognizing significant value creation occurs before IPOs.
Vertical Search Thesis
- Gerstner's early investment thesis revolved around capitalizing on Google's dominance in search and discovery.
- He identified that vertical search engines could thrive within Google's ecosystem, leading to investments in companies like Booking.com and Kayak.
Mobile's Impact on Search
- The rise of mobile platforms shifted discovery and intent away from Google towards apps, impacting vertical search engines.
- Despite this, Google adapted by diversifying and investing in new technologies, demonstrating its resilience.