Prompt Cast
Acquired Podcast: Investing in Snowflake, Open Door, Coinbase, and Amazon
TLDR The hosts of the Acquired podcast discuss their investment picks, including Snowflake, Open Door, Coinbase, and Amazon. They also highlight the ranking criteria they use for potential investments and involve the audience in a clapping contest to determine the winner.
Timestamped Summary
00:00
The hosts express their gratitude for the live audience and emphasize the importance of meeting and connecting with listeners, while also thanking their sponsor Pitchbook and introducing the lineup for the show.
06:42
Pilot is a company that provides finance and accounting services for startups, including OpenAI, Airtable, and Scale, and they are offering a 20% discount for Acquired listeners.
13:25
Snowflake is a business with the potential for long-term compounding and is led by a CEO who knows how to manage in difficult circumstances, making it a worthwhile investment.
19:40
Open Door is the pick because they are the leader in the iBuy'ing market, have a strong position in the multi-trillion-dollar housing market, and have the best solution for a terrible customer experience.
25:23
Coinbase is a value investment with a strong cash flow and market position in the crypto space, making it a safe and undervalued pick.
31:54
Amazon's market position and growth in both AWS and retail make it a strong investment, despite bear narratives around both segments.
38:28
The speaker discusses their ranking criteria for potential investments, including upside, downside, timing, novelty, and flare, and then involves the audience in a clapping contest to determine the winner between Snowflake and Coinbase, with Coinbase ultimately winning.
45:51
YC Continuity is the late-stage growth investment arm of Y Combinator, providing funding and support to YC alumni and non-alumni startups, including post-batch programming and assistance with raising Series A funding.
52:43
Continuity was launched as a way for Y Combinator to continue supporting its alumni companies after they graduated from the program, and it was driven by the need for growth stage capital and ongoing support for these companies.
58:51
Y Combinator's Continuity fund has a three-person investment team and only does a handful of deals per quarter, but has had incredible returns and has supported the mission of enabling entrepreneurship globally.
01:04:43
Y Combinator's Continuity fund has both an early-stage fund and a late-stage fund, with the same set of LPs across both funds, in order to keep the bar high and ensure that founders are working on the right problems.
01:10:52
Y Combinator's power lies in its ability to assess and identify good founders based on qualitative qualities such as their speed of iteration, hiring capabilities, and clarity of thought.
01:17:04
Y Combinator's mission is to be the partner of the companies for the life of the companies, and their continuity program has strengthened the community and they aim to scale globally to support more amazing companies.
01:23:18
Crusoe's cloud offers better performance per dollar than traditional cloud providers by using wasted or stranded energy, which is both environmentally friendly and cost-effective.
Categories:
Technology
Business
