🇺🇸 United States Episodes

My guest this week has a fascinating background. He has a PhD in biology but has split his time as both an investor and an operator. As an investor, he’s involved in companies like Airbnb, Coinbase, Instacart, Opendoor, Stripe, Square, and Pinterest—not too shabby. As an operator, he helped both Google and Twitter scale their businesses, in the case of Twitter from 100 employees to 1500 over two years. He’s just written a book about these experiences called the High Growth Handbook.  Our talk centered on what makes for a good investment and more specifically how Elad identifies an interesting market. Operators and early stage investors will find lots of nuggets in this fun conversation. Please enjoy.  For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Show Notes 1:31 - (First Question) – Process for evaluating a young business             2:43 – Andy Rachleff Podcast Episode 3:09 – Data factors for evaluating a business 5:08 – Reference checks 6:42 – Advice for companies that are reliant on product cyclicality             7:01 – Where to Go After Product-Market Fit: An Interview with Marc Andreessen 7:31 – High Growth Handbook 9:30 -   Lessons learned from marketing and growing companies 12:09 – How do you hire the best people to improve your distribution 13:16 – How does he think about lifetime customer value vs customer acquisition cost 15:57 – Should companies just focus on the high margin power users 16:35 – Best ways to organize a company hierarchy 19:16 – His interest and background in the area of longevity research 21:52 – Changes he has made in his own life as a result of this longevity research 22:56 – Most effective use of a CEO’s time 24:58 – How he evaluates or identifies interesting markets for potential businesses 28:03 – Any markets that fit his criteria that are underappreciated by investors 30:02 – Worst practices for businesses 32:19 – Kindest thing anyone has done for him 33:20 – What would be the topic of his next book 34:40 – Biggest lessons he’s learned about markets   Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

Banachek is a mentalist, professional magician, and "thought reader." He performs as an entertainer and tours internationally. http://www.banachek.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this quick talk, visual artist Dread Scott tells the story of one of his most transgressive art installations, which drew national attention for its controversial use of the American flag and led to a landmark First Amendment case in the US Supreme Court. Hosted on Acast. See acast.com/privacy for more information.

Dr Greg Potter is a PhD graduate at the University of Leeds & Content Director at HumanOS. His research focus is on sleep and chronobiology; looking at circadian rhythms, light-dark cycles and the potential for meals to entrain peripheral circadian clocks. The unsung hero of health is hiding under our pillow every night and today we learn just how important a good night's sleep is to our short & long term fitness, our mood, cognitive output, physical performance, injury risk, weight and pretty much everything else. Discover the best approach for dealing with sleep deprivation, how to optimise your sleeping environment, how meal content & timing can affect our circadian rhythms and a lot more. Further Reading: Follow Greg on Twitter: https://twitter.com/gdmpotter $1 for 1 month of Premium Membership at: https://www.humanos.me/ (Code: modernwisdom) Check out everything I recommend from books to products and help support the podcast at no extra cost to you by shopping through this link - https://www.amazon.co.uk/shop/modernwisdom - Get in touch. Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/ModernWisdomPodcast Email: https://www.chriswillx.com/contact Learn more about your ad choices. Visit megaphone.fm/adchoices

Women’s rights activist and international humanitarian Zainab Salbi discusses her dedication to helping women in war-torn regions rebuild their lives. An Iraqi-American, Zainab talks about growing up in Saddam Hussein's inner circle, leading a life of privilege and luxury but also one of fear and terror. When she was 19 years old, Zainab left Iraq for an arranged marriage in the United States, which turned out to be abusive, forcing her to leave the marriage and start a new life. She later founded Women for Women International, a grassroots humanitarian and development organization dedicated to serving female survivors of war. Zainab talks about following her calling and what she's learned about humanity through her advocacy work.

Valentine Thomas is a former lawyer and financier who quit, to pursue a sustainable quest for happiness as a spearfisherwoman. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A conversation with Max Tegmark as part of MIT course on Artificial General Intelligence. Video version is available on YouTube. He is a Physics Professor at MIT, co-founder of the Future of Life Institute, and author of “Life 3.0: Being Human in the Age of Artificial Intelligence.” If you would like to get more information about this podcast go to https://lexfridman.com/ai or connect with @lexfridman on Twitter, LinkedIn, Facebook, or YouTube where you can watch the video versions of these conversations.

with Martin Casado (@martin_casado), Andrew Chen (@andrewchen), Russ Heddleston (@rheddleston), and Hanne Tidnam (@omnivorousread) What happens when the bottoms up, organic growth usually associated with consumer companies starts to go.... enterpris...

New tech spawns new anxieties, says scientist and philosopher Grady Booch, but we don't need to be afraid an all-powerful, unfeeling AI. Booch allays our worst (sci-fi induced) fears about superintelligent computers by explaining how we'll teach, not program, them to share our human values. Rather than worry about an unlikely existential threat, he urges us to consider how artificial intelligence will enhance human life. Hosted on Acast. See acast.com/privacy for more information.

We celebrate bold entrepreneurs whose ingenuity led them to success, but what happens to those who fail? Far too often, they bury their stories out of shame or humiliation -- and miss out on a valuable opportunity for growth, says author and entrepreneur Leticia Gasca. In this thoughtful talk, Gasca calls for business owners to open up about their failures and makes the case for replacing the idea of "failing fast" with a new mantra: fail mindfully. Hosted on Acast. See acast.com/privacy for more information.

Jerrod Carmichael is a stand-up comedian, actor, and writer. Jamar Neighbors is an actor and stand-up comedian. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Bert Kreischer is a stand-up comedian, actor and reality television host. His new special "Secret Time" premieres on August 24 only on Netflix. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Imagine a workplace where people of all colors and races are able to climb every rung of the corporate ladder -- and where the lessons we learn about diversity at work actually transform the things we do, think and say outside the office. How do we get there? In this candid talk, inclusion advocate Janet Stovall shares a three-part action plan for creating workplaces where people feel safe and expected to be their unassimilated, authentic selves. Hosted on Acast. See acast.com/privacy for more information.

Pastor, education activist and U.S. Dream Academy founder Wintley Phipps discusses how faith and character can help create a life of value, meaning, purpose and fulfillment. Wintley shares how he believes we can all step into our best lives by adopting and strengthening the eight essential pillars of God's ethos, which he details in his book "Your Best Destiny: Becoming the Person You Were Created to Be." Wintley is a world-famous pastor who has preached on six continents, and a renowned gospel singer who has sung for six U.S. presidents. He was born in Trinidad and Tobago and later raised in Montreal, Canada. As a boy, Wintley imagined escaping his difficult childhood by traveling the world, which he now sees as his first yearning to achieve his God-given destiny.

Neil deGrasse Tyson is an astrophysicist, cosmologist, author, and science communicator. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Chuck Palahniuk is a novelist and freelance journalist, who describes his work as "transgressional" fiction. He is the author of the award-winning novel Fight Club, Choke, Lullaby, and many others. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this eye-opening talk about the impact of race and neighborhood on foster-care decisions, social worker Jessica Pryce shares a promising solution to help child welfare agencies make bias-free assessments about when to remove children from their families. "Let's work together to build a system that wants to make families stronger instead of pulling them apart," Pryce says. Hosted on Acast. See acast.com/privacy for more information.

Rebecca Shambaugh, a leadership coach, says being too collaborative can actually hold you back at work. Instead of showing how well you build consensus and work with others, it can look like indecision or failure to prioritize. She explains what to do if you over-collaborate, how to manage someone who does, and offers some advice for women — whose bosses are more likely to see them as overly consensus-driven. Shambaugh is the author of the books "It's Not a Glass Ceiling, It's a Sticky Floor" and "Make Room For Her."

What do communities on the social, economic and environmental margins have in common? For one thing, they tend to be on the east sides of cities. In this short talk about a surprising insight, anthropologist and venture capitalist Stephen DeBerry explains how both environmental and man-made factors have led to disparity by design in cities from East Palo Alto, California to East Jerusalem and beyond -- and suggests some elegant solutions to fix it. Hosted on Acast. See acast.com/privacy for more information.

For the 100th episode, I’ve brought back my good friend Brent Beshore. Brent was the 10th guest on the podcast, after we met because of a mutual interest in capital allocation. I quickly learned that Brent was one of the most unique and thoughtful investors around. He was an entrepreneur from the moment he left school, trying many different things before finding a fit buying smaller business with the intention of owning them forever. What amazes me about Brent is his encyclopedic understanding of business and the nuances of different business models and deal structures. This comes from reps. He and his team have looked at about 12,000 deals over the years, at every kind of business that you could imagine. I’ve been with him when he goes through this process and it’s fun to hear what makes certain businesses stand out from others, which is largely the topic of this conversation. You all know transparency is key for me, so it’s important to know that my family and I are investors in a fund called permanent equity, run by Brent and his firm Adventure.es. To commemorate this milestone episode, I can think of no one better than Brent, because he exemplifies what has made this podcast so fun for me: learning from other people who are willing to share what they themselves have learned through fun, blood, sweat, and tears. Please enjoy our conversation, and thank you so much for coming along on this journey. I can’t tell you how much it means to me. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Show Notes 2:02 - (First Question) – How does he think about optimizing risk in terms of the capital stack when looking at deals 5:27 – What conditions would they add debt down the road after investing in a company 6:52 – What business sectors are most intriguing for Morgan to invest in right now             6:57 – Trent Griffin Podcast 9:34 – Why no HVAC businesses if it’s such an attractive sector 13:56 – thoughts on rolling up similar businesses and horizontal scale 16:04 – Another industry Brent would focus on 18:02 – Difference between property management in larger cities vs smaller metro areas 18:51 – What role does profit margin play when Brent is evaluating a business 22:46 – The appeal of a hyper cyclical business             22:52 – Brent Beshore Podcast Episode 27:27 – Favorite counter cyclical business 28:14 – How they judge assets, tangible vs intangible assets 33:58 – How does he think about wage inflation when considering the cost of a business 37:21 – His fascination with pet crematoriums 38:57 – History of the permanent equity fund and the changes by having a larger pool of capital 43:48 – Pitching investors on a new structure for the business 46:14 – How will this business model scale   Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag