Invest Like the Best with Patrick O'Shaughnessy

Thomas Tull, founder of Tulco LLC and former CEO of Legendary Entertainment, shares his insights on revolutionizing the film industry through technology and data analytics. He reflects on his journey with Legendary, emphasizing the role of storytelling and talented teams in film success. Tull introduces the concept of the 'new physics of business,' focusing on adaptability and leadership in today's fast-changing landscape. He also discusses the importance of evaluating management qualities and the impact of iconic films like 'The Dark Knight' on personal narratives.

Paul Enright, managing partner at Krainos Capital, brings his deep expertise in the investment world to the conversation. He breaks down the key differences between buy-side and sell-side investing, and explains long-short versus long-only strategies. Paul discusses the evolution of market practices, the emotional challenges of risk management, and the importance of narrative in investment strategies using examples like Nokia and Facebook. He also highlights the role of mentorship in the finance industry and shares insights on navigating IPOs and SPACs.

In this episode, Trevor McFedries, founder of Brud and creator of the virtual pop star Miquela, shares his eclectic journey from DJing with Katy Perry to pioneering in tech. He discusses the music industry's transformation through the web, the impact of digital celebrities, and how Web 3.0 will empower creators. Trevor also emphasizes the importance of authenticity in business and the evolving landscape of interactive storytelling. With insights into Gen Z's cultural shifts, it's a transformative dialogue on technology and creative expression.

Chris Dixon, a general partner at Andreessen Horowitz and a visionary in the crypto space, explores the transformative impact of blockchain technology. He shares his thesis on the investment potential within the cryptocurrency sector, discussing both its opportunities and limitations. Dixon highlights how blockchain can revolutionize old business models, enable decentralized finance, and reshape creator economies through NFTs and social tokens. His insights reveal why this technology is poised to redefine digital ownership and governance in the coming decade.

Alex Danco, a member of Shopify's Money team, dives deep into the e-commerce powerhouse's operations and financial strategies. He highlights Shopify's innovative business units, akin to Apple's product lines, which support over 2 million merchants. The conversation reveals how Shopify has evolved from traditional retail into a platform focused on local, meaningful commerce. Danco also explores the shifts in online trust dynamics and the importance of credible relationships in transactions, all while outlining Shopify's adaptable business model for future growth.

Tony Xu, co-founder and CEO of DoorDash, shares his insights on solving complex logistical challenges in the food delivery space. He discusses how DoorDash began by addressing the needs of local businesses while navigating operational hurdles. Xu's perspective on the benefits of early capital constraints reveals unexpected strengths in their business model. He emphasizes the role of team collaboration and servant leadership in fostering a customer-centric culture, reinforcing how innovative solutions can drive local economic growth.

Jesse Jacobs and Mike Kerns, co-founders at The Chernin Group, delve into the intricate world of consumer business and media investment. They discuss how TCG spots creators to build successful partnerships and the importance of aligning brands with passionate audiences. The duo highlights the merging of direct-to-consumer commerce with innovative content strategies, touching on the collectibles market's rise and the value of authentic influencer relationships. They also explore emerging trends in technology and mentorship's pivotal role in shaping their careers.

Dive into the world of business with insightful conversations that reveal hidden lessons. Each installment focuses on a different company, featuring investors and operators who share their unique perspectives. The engaging format promises entertaining narratives while uncovering the secrets behind successful businesses. Get ready to explore the fascinating intricacies of entrepreneurship!

In this discussion, Jesse Pujji, Founder and CEO of Gateway X, shares his expertise in performance marketing—leading the charge in direct-to-consumer businesses. He emphasizes the importance of understanding revenue mechanics and how long sales funnels can provide a competitive edge. The conversation also touches on the transformation of marketing over the last decade, the integration of data-driven strategies, and effective channel approaches. Pujji highlights the rise of micro-influencers and the balance between creativity and analytics in driving customer engagement.

Kanyi Maqubela, co-founder of Kindred Ventures and former general partner at Collaborative Fund, dives into the nuances of seed-stage investing. He draws parallels between today’s market and the Roaring ’20s, emphasizing lessons from historical trends. Kanyi discusses his approach to evaluating founders, shaped by his teaching experience at Stanford. He explores the significance of logistics and transportation innovations in the current landscape and advocates for a diverse mindset in investing, highlighting the impact of empathy in both life and business.