Comparing the Dotcom Crash to Today (with Tom Cowan from TDM)
ACQ2 by Acquired20 Juni 2023

Comparing the Dotcom Crash to Today (with Tom Cowan from TDM)

Every now and then, we come across super interesting and under-the-radar (at least to us!) public markets folks like NZS Capital who make us think differently about the art of investing. TDM is another one of those groups — founded 18 years ago in Australia, they’ve compounded a single, private pool of capital at 26% per annum over nearly two decades. That’s Warren & Charlie territory!


TDM recently published a memo comparing the current “post ZIRP bubble” market with what happened in the years following both the dot-com crash and the GFC in 2008. As always, past performance isn’t necessarily predictive of the future, but what happened back then surprised us and might surprise you too. More importantly, it gave us the perfect excuse to sit down with TDM cofounder Tom Cowan and share the conversation with you all. Tune in and learn alongside us!

Links:

Sponsors:

Koyfin: https://bit.ly/acquiredkoyfin


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Why aren't energy startups funded like software? (with Doug Rand)

Why aren't energy startups funded like software? (with Doug Rand)

As promised in our holiday special, we dive into the past, present and future of clean energy funding, with the absolutely perfect guest: the former Obama administration Assistant Director for Entrepreneurship at the White House Office of Science and Technology Policy, Doug Rand. This episode was totally eye-opening for us, and we hope inspires many of you to think about energy and climate through an entrepreneurial lens.  Sponsors:Koyfin: https://bit.ly/acquiredkoyfin Links:ARPA-E: https://arpa-e.energy.govSteve Blank’s Secret History of Silicon Valley: https://steveblank.com/secret-history/NSF Innovation Corps: https://www.nsf.gov/news/special_reports/i-corps/

11 Feb 20191h 6min

Investment Theses

Investment Theses

Ben and David talk about some of their current investment theses at PSL and Wave, as well as how VCs think about themes and theses in general. Sponsors:Koyfin: https://bit.ly/acquiredkoyfinLinks:Greg McAdoo “Wave” talk at Startup School 2008 https://youtu.be/fZ5F2KhMLiEThe Myth of the Job Hopping Millenial https://www.vox.com/the-big-idea/2018/7/11/17559484/gig-economy-jobs-rooted-rootless-moving-job-hopping-millennials

28 Jan 201943min

How VC Firms Really Work

How VC Firms Really Work

Ever wondered what's really going on during the Monday Meetings of your friendly neighborhood VC firm? Ben and David take you behind the scenes to discuss structure (especially how the management company works), staffing, LPs, and most importantly decision-making and motivations for VC firms and their partners. Whichever side of the table you're on, we hope you find this episode useful!Sponsors:Koyfin: https://bit.ly/acquiredkoyfin

14 Jan 20191h 13min

2018 Holiday Special

2018 Holiday Special

Ben and David continue the Acquired holiday tradition. Happy holidays to everyone! Note: we apologize for David’s sound quality... we’re still working out the kinks on our mobile recording setup.Sponsors:Koyfin: https://bit.ly/acquiredkoyfin Extended carve-out links:Books: David: Broken Earth trilogy https://www.amazon.com/gp/bookseries/B01947LZ8ABen: eBoys  https://www.amazon.com/dp/B000FC1HTG/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1Article: David: “My Dad's Friendship With Charles Barkley”  http://www.wbur.org/onlyagame/2018/12/14/lin-wang-charles-barkleyBen: Birth of a New American Aristocracy  https://www.theatlantic.com/magazine/archive/2018/06/the-birth-of-a-new-american-aristocracy/559130/Podcast: David: 996 Podcast https://996.ggvc.com/category/podcast/Ben: Dissect Season 2 https://itunes.apple.com/us/podcast/dissect/id1143845868?mt=2Music: David: Tiny Desk concerts https://www.npr.org/series/tiny-desk-concerts/Ben: Odesza’s A Moment Apart &  https://open.spotify.com/album/3VzsvmhnUb9OZ59bq2aoNZ?si=dHUDPR4tSW2u6yey0MWTFwTV / Movie: Both: Black Panther https://www.imdb.com/title/tt1825683/App: David: Steady Health https://steady.healthBen:Moment https://www.shopmoment.comWeather Line: http://weatherlineapp.comAuto Sleep http://autosleep.tantsissa.com

21 Dec 20181h 34min

The Art of Pitching

The Art of Pitching

Ben and David discuss “the art of the pitch” through the lens of fundraising for seed-stage companies, but the takeaways are also (hopefully) applicable far beyond!Sponsors:Koyfin: https://bit.ly/acquiredkoyfin Links:Sequoia pitch deck template:  https://www.sequoiacap.com/article/writing-a-business-plan/#Don Valentine talk at GSB: https://www.youtube.com/watch?v=nKN-abRJMEwJim Goetz talk at GSB: https://www.youtube.com/watch?v=gnmYSze9M2g

2 Dec 201859min

Growing Airbnb (with Dan Hill, CEO of Alma and former Head of Growth at Airbnb)

Growing Airbnb (with Dan Hill, CEO of Alma and former Head of Growth at Airbnb)

Ben and David are back for episode #3, with special guest Dan Hill. Dan discusses:- How his startup, Crashpadder, got acquired by Airbnb- Why Airbnb succeeded, and why marketplace businesses in the US have an advantage in early growth- How they decided on growth metrics at Airbnb- How his new company, Alma, is making charitable giving simpleSponsors:Koyfin: https://bit.ly/acquiredkoyfin

19 Nov 201854min

Product-market fit

Product-market fit

Ben and David are back for episode #2, diving into the most elusive early-stage investing and company-building topics: product-market fit.  Sponsors:Koyfin: https://bit.ly/acquiredkoyfin

5 Nov 20181h 3min

VC Vocab

VC Vocab

Kicking off ACQ2 (formerly known as the LP Show) and diving into some jargon-y VC vocab. Sponsors:Koyfin: https://bit.ly/acquiredkoyfin

21 Okt 201851min

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