Business Breakdowns

Join oil and gas investor Josh Young from Bison Interests as he discusses Baytex Energy, a mid-sized producer thriving amidst soaring oil prices. Young dives into the company’s strategic cash flow management between unconventional and conventional oil, illustrating the industry's boom-and-bust nature. He also explores the impacts of shale dynamics on production costs and the evolution of oil types, highlighting Baytex's pivotal position in the market and key investment insights that could shape future industry trends.

Mark Gansey, CEO of DigitalBridge, shares insights from his extensive career in digital infrastructure. He explains how digital infrastructure has evolved, emphasizing its pivotal role in modern connectivity and the demand for fiber and data centers. Gansey discusses the company's strategic transformation into a leading player and its ambitious growth plans. He also explores competitive innovations like Starlink, and highlights the importance of a customer-focused approach and effective team dynamics in the success of digital infrastructure investments.

Adam Foroughi, Co-founder and CEO of AppLovin, dives into the evolution of mobile app monetization. He shares the challenges the company faced in its early days, navigating a changing advertising landscape. The conversation highlights AppLovin's data-driven platform, which optimizes advertising for app developers. Foroughi also discusses the importance of nimbleness within engineering teams and the complexities of maintaining a competitive edge in a rapidly evolving tech environment. Discover how AppLovin transformed the mobile gaming market!

Joe Magyer, an insightful investor, discusses the rapid rise of Afterpay, a buy-now-pay-later pioneer founded in 2015. He explores how Afterpay differentiates itself from traditional credit options and its innovative approach to consumer payments. Magyer highlights the ecosystem's benefits to merchants and consumers alike, and delves into Afterpay's strategic evolution, especially post-acquisition by Block. He also addresses the challenges and growth prospects in today's economic landscape, revealing key insights into consumer behavior trends.

Hamish Corlett, a payments expert and investor at TDM Growth Partners, discusses the evolution of Block, formerly known as Square. He shares insights about its transformation into a $75 billion leader in financial services focused on economic empowerment. The conversation explores the synergy between Square and Cash App, highlighting Afterpay's role in enhancing their ecosystems. Corlett also emphasizes innovation and trust in navigating the payments landscape, revealing key lessons about customer empathy and market opportunities in financial technology.

Romeen Sheth, a McKinsey alum and current President of Metasys Technologies, dives into the history of McKinsey & Company, unveiling its role as a pioneer in management consulting. He discusses its project-based model and ethical challenges, including infamous scandals like Enron. The conversation highlights McKinsey's shift towards innovative asset-based consulting and its impact on talent management. Sheth also shares key lessons from McKinsey's journey, emphasizing the importance of adaptability in the fast-changing consulting landscape.

Deven Parekh is a partner at Insight Partners and an early investor in Fanatics since 2011. He dives into Fanatics' transformative impact on sports merchandise and its innovative vertically integrated commerce model. The discussion covers the company's strategic expansions into NFTs and real money betting, as well as the challenges of predicting inventory in a dynamic market. Parekh also shares insights on the importance of data-driven marketing and how Fanatics is shaping the future of the sports economy.

Diogo Monica, co-founder and President of Anchorage Digital, shares insights from his journey in building a leading platform for institutional crypto needs. He discusses the critical balance between security and usability in digital finance. Monica dives into the complexities of ownership in the blockchain era, addressing the trade-offs between self-custody and third-party solutions. The conversation also explores the evolving landscape of cryptocurrency custody, the impact of NFTs, and the importance of mentorship and risk in tech careers.

Michael Willar, a portfolio manager at Stenham Asset Management, dives into Adyen's revolutionary approach to payment processing. He highlights how Adyen's unified platform challenges traditional systems and discusses their remarkable growth trajectory since 2006. The conversation reveals the intricacies of payment processing and why it's not a winner-takes-all market. Willar also shares insights on Adyen’s distinctive business model and its strategies for innovation and financial sustainability. A compelling look at the future of fintech!

Brinton Johns and Jon Bathgate, tech investors from NZS Capital, dive into Cadence Design Systems' crucial role in semiconductor design. They discuss how Cadence's electronic design automation software has transformed chip production, making devices smarter and more compact. The conversation covers Cadence's strategic evolution, reduced market volatility, and resilience through economic challenges. They also share insights on adopting a subscription model and navigating competitive dynamics, drawing valuable lessons for investors in the ever-innovative semiconductor landscape.