1min snip

Better Offline cover image

The Talented Mr. Altman

Better Offline

NOTE

Risk and Reward in Investment

Investors often receive credit for taking big risks on unproven startups, like Sam's investments in successful companies such as Reddit, Rippling, and Airbnb. Despite uncertainties, backing early-stage companies can lead to significant returns, as seen in the case of Rippling growing from a scandal-ridden predecessor. This underlines the allure and potential rewards of early investments in high-growth startups.

00:00
Speaker 1
I don't know if it would have been out on the streets of, you know, if this,
Speaker 2
if this investment hadn't turned out, but you know, in a world of investment where people get congratulated for going all in on something or being willing to bet it all on an unprofitable, unproven startup, people give Sam a lot of credit. But yeah, I don't know. I think you bring up a good question, which is like if you have access to an Airbnb in the earliest days or a Reddit or even a company that like rippling, which I don't know if your listeners know about, but it's this very successful now HR startup that Sam has invested in and also made an - Wasn't it an offshoot
Speaker 1
of gusto when the
Speaker 2
company - It's complicated. Yeah, it's mass. I don't know how interesting this is, but whatever. You know, there was a kind of a big scandal a bunch of years back with this company called Zenefits, which was accused of shirking regulatory requirements for training its workers on. Anyway, it was a big scandal a couple of years ago and the CEO of was pushed out very publicly, later replaced by David Sachs for what it's worth. And he went on to start this other company that was basically a direct competitor to that. It's called Rippling, and it's done really well in terms of building up its valuation. And Sam is one of their earliest investors, and I think part of his... Parker Conrad.

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

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

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

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

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

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

Discover
highlights

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