Acquired

Brinton Johns and Jon Bathgate, public equities investors at NZS Capital, dive into the intriguing world of complexity investing and its intersection with the semiconductor market. They discuss how complexity theory shapes their investment philosophy and why adaptability is crucial in uncertain markets. The conversation then shifts to the critical role semiconductors play in the information age, touches on innovations like silicon carbide, and highlights the landscape of key industry players. Their insights reveal the intricate dynamics that drive both technology and investment decisions.

The gripping saga of Standard Oil and John D. Rockefeller concludes with a deep dive into his groundbreaking philanthropic efforts. Listeners learn about the monumental antitrust challenges leading to the breakup of Standard Oil and the mixed legacy that follows. The hosts discuss Rockefeller's complex character amid personal and corporate upheavals, and how his strategies shaped both business and philanthropy. They also explore the lessons from this historical monopoly, drawing parallels to current tech giants and the future of competition.

Michael Mauboussin, Head of Consilient Research at Counterpoint Global, shares his insights into the intricate dance between skill and luck in investing. He discusses the critical concept of expectations investing, urging listeners to adapt their strategies in a rapidly changing market. Mauboussin also highlights the importance of understanding intangible assets and critiques traditional valuation methods. Listeners can learn how mental models and decision-making quality define successful investors, as well as the evolving dynamics of venture capital.

Dive into the saga of Standard Oil and its titan, John D. Rockefeller, whose rise to unprecedented wealth redefined American capitalism. Discover how this former nobody manipulated oil prices and orchestrated strategies that shaped the modern corporate landscape. Delve into the family's contrasting influences and explore Rockefeller's ruthless tactics that led to his monopoly over 90% of the oil market. The discussions also touch on the lasting legacy of Standard Oil, revealing how its triumphs and controversies resonate in today's business world.

Discover the astonishing journey of the Taiwan Semiconductor Manufacturing Company, a quiet powerhouse shaping the tech landscape. From its founder Morris Chang's remarkable backstory to TSMC's pivotal role in the global chip crisis, every twist is a tale of innovation. Explore the transition from silicon to advanced manufacturing processes, including the groundbreaking partnership with ASML. Dive into insights on globalization, competitive dynamics, and TSMC's incredible resilience amidst geopolitical challenges, showcasing its lasting impact on industries worldwide.

Kevin Rose, the founder of Digg and partner at True Ventures, shares his impressive journey through tech's evolution. He discusses the transition from Web 2.0 to Web3 and the burgeoning NFT landscape. Kevin dives into the origins of Digg and how early social media collaborations shaped today's tech scene. He reflects on his experiences with Bitcoin and NFTs, emphasizing the importance of community in this new era. Additionally, he touches on his latest ventures, including the engaging new show, Modern Finance.

Dive into the fascinating world of venture capital as the hosts unveil the secrets behind a prominent firm’s rise since 2008. Explore community dynamics, innovative strategies, and the impact of AI on investment decisions. Discover how market shifts have transformed the relationship between entrepreneurs and investors, and hear insights on the evolution of tech, crypto, and cybersecurity ventures. Reflect on iconic films that influence storytelling while contemplating the exciting future of venture capital in today's tech landscape.

Dive into the riveting journey of Andreessen Horowitz, a venture firm that emerged in 2009 to shake up the tech world. Discover the fascinating backgrounds of founders Marc and Ben, intertwined with counterculture and activism. Explore the birth of the web, from Mosaic to Netscape, and witness the fierce browser wars against Microsoft. Delve into LoudCloud's challenges and the rise of transformative tech like Statsig, all while pondering human behavior's impact on innovation. This captivating narrative reveals the origins and evolution of venture capital like never before.

Anatoly Yakovenko, Founder and CEO of Solana Labs, shares his journey from Qualcomm's wireless engineering to creating one of crypto's fastest-growing blockchains. He discusses Solana's scaling capabilities, distinguishing it from Ethereum, and emphasizes its unique architectural innovations. Yakovenko also reflects on launching the project during the 2017-18 crypto winter, the importance of community support, and the transformative potential of decentralized finance and music on Solana. His insights into building a resilient protocol shed light on the future of blockchain technology.

Vitalik Buterin, Founder of Ethereum, shares his remarkable journey from post-Soviet Russia to pioneering blockchain innovation. He reveals how Ethereum emerged as a groundbreaking platform, transforming decentralized applications and smart contracts. The discussion highlights Ethereum's legal complexities, its rivalrous landscape against giants like Facebook and Amazon, and the implications of future upgrades like ETH2. Buterin also explores the balance between Ethereum's strengths and scalability challenges, making a compelling case for its role in reshaping the digital economy.