17 Burst results for "Adam Bain"

"adam bain" Discussed on Unofficial Partner Podcast

Unofficial Partner Podcast

02:21 min | 3 months ago

"adam bain" Discussed on Unofficial Partner Podcast

"Just let some picket from it. Because on a picked up this recent story about shannon investment of coming and they've invested in golden. Which is your business and can use some pick that for us a bit because it just tells us a little bit about what golden is where you all placed in the in. The sort of landscape here are so a little bit about the company background so we started in two thousand twelve with eight hundred thousand dollars in sales in two thousand nineteen. We did twenty seven million in two thousand twenty. We did one hundred and three million this year. We'll do over two hundred million and it wouldn't shock me if we did three hundred million so we have a very rapid growth rate. We are the industry leader. Not just in the united states but worldwide throughout the world. We are the world's largest auction house focused primarily on sports collectibles. We have customers all over the world. All over north. America europe united kingdom germany denmark philippines asia china south america russia everywhere in the world where they could possibly not log on. Internet and purchase is something. That's all you know. We have customers at and german saul us as a fast paced growth company in what they view as one of the most exciting industries up and coming industries in the world. and they don't they. They looked at over one hundred fifty companies in the industry. They chose us some of our policies for some of our procedures for our reputation of guaranteeing authentication guaranteeing authenticity. Taking care of our customers. Taking care of our consumers are consigners and really innovating in the space. And you know it's not know they've obviously got a great track record of investing and some of the people that went along with the investment. I mean you look at people. Like on mark cuban you you look at people like adam. Bain formerly of twitter. You look at people. l. d. shawn watson Timberland kevin durant's dwayne wade You know. I can go on the founder of youtube of ice prisoner facebook. I mean i can Mark wahlberg the actor. I'm gonna leave out a lotta guys but it was a big continue..

Mark wahlberg eight hundred thousand dollars one hundred two thousand three hundred million America twenty seven million mark cuban adam facebook youtube twitter two thousand nineteen united states this year l. d. shawn watson dwayne wade kevin durant china over two hundred million
"adam bain" Discussed on Odd Lots

Odd Lots

03:57 min | 3 months ago

"adam bain" Discussed on Odd Lots

"Get this band together and for us it was all our money so the almost ten million dollars that there's a pay to play here and i think some of the ones you have to be careful one where that ten million dollar comes from not the group involved but maybe some retail investors or some shell that was Put together with the creatively from a pile of old shells already has all the filings of such a ours is started from scratch that we've got invested the law firm the the s swan the who's gonna pay the two percent to the banks. The insurance you know. Are there going to be salaries. This could take two years of time and that. So you've got to set aside eight to ten million dollars depending on what you're gonna raise for those two years that you've got to operate this public companies. There's no free lunch and the returns if you don't have to negotiate down near your fees at can be fantastic you know but the risk is still there you know and i think what good allocators capital asked for is like who put that risk capital together. And how long does that risk capital gonna be tied up. How do you align the spec operators with the public company in a good board at a public company is going to put the clamps down on all the stuff that happened. and i think we're tomasz. Adam bain and in this new batch of a good intentions specs like people that are going to be great bam leaders in people that know how to put together a symphony by a symphony great public company that grows faster and the public markets in over. The private market is gonna come down to you. Know intentions in execution in the more risk. Capital in the more alignment that the spac operator with the long term goals of the public company. The better so it's up to both sides to kind of tie each other into the long term here so for you though just if i could follow up real quickly. What is the requirements. Or what is the expectation on the part of the hedge funds. That you're gonna be with it for what it question. I mean until you find the target. The the sharp knives probably don't come out right where everybody really puts the screws to each other and says we'll agree. This deal happens if you guys lock up your shares for two years right. There's no nothing's written in stone. Everything's up for negotiation. Now some maybe mouth has more power. Because he's done more and he says no we're only gonna lock. I can only speculate but you know. Each deal will be different. You know as the clock ticks Towards two years. If you haven't found a deal you're gonna lose a lot of your negotiating power as back operators so so so many things can can end. And i think the media's had field a just kind of putting everything neatly compartmentalized but this is a very complex very elegant product but with all kinds of complex ways that they they will in each one will be structured differently when they're finally expressed us a public company..

eight two years two percent ten million dollar Adam bain Each deal both sides each one ten million dollars tomasz bam
"adam bain" Discussed on Odd Lots

Odd Lots

05:19 min | 3 months ago

"adam bain" Discussed on Odd Lots

"Much like the. Swipe became an important thing on the iphone with tinder specs. Subtle change was the fact that we had the cloud we had this growth in fresno zero interest rates. We have these new influences like jemaah we have a lack of. Ipo's and then. I think one of the most important things was you also had disliked stage money in the hands of what we found out where some you know. Empty souks left arm or like a promoters themselves at work creating any value like we work at like softbank. Sewri mike t. Rowe price infidelities all that late. Stage money all. These things were combining together for a perfect moment for specs. But we didn't know that but along the way like we're stopping was right. Four five hundred million dollars check based on an uber ride you know a based on their feelings about a ceo do bread and i think that whole concoction that whole moment in time back last year guys like me. Learning from adam bain at ground zero. How there were you know tinkering with the with the back towards growth towards Big ideas versus drilling hole in the ground and rolling up something in real estate or something in finance was this. I gotta softbank can do this. We can do it you know. And that was my opinion. It was like we would make fun of softbank. In their in their silly investments in the way a riley money into the market. And what how is that different than a back like. It's it's it's really just an expression on how you feel about the the person running the back so so you have this epiphany that you can start back Do whatever softbank does. Have you actually get the ball rolling like what does that inception process. Looks like will for me as a question for me. It was like. I'm not gonna do this like last thing i want to do is go through the process of hiring expensive law firm to do s one going on a road show and pitching people in a room about this is still about raising money. You know back as all fancy term and it looks so sexy. Because ooh we're public company. We have a lotta cash really behind.

iphone last year softbank one five hundred million dollars uber t. Rowe adam Sewri mike ground zero fresno bain Ipo
"adam bain" Discussed on This Week in Startups

This Week in Startups

06:49 min | 4 months ago

"adam bain" Discussed on This Week in Startups

"They set a retail store. It's kinda like the show. They don't care if they lose eighty cents on the dollar they just twenty cents. Of course so yeah. Yeah i mean it's a money emmett. I'm very skeptical and very cynical. Just like just like people want to burn down the system. I'm very cynical dirty money. It's everything's dirty but if you're mvs what do you care if you make six percent. You just cleaned all that money. Yes it is london. It's like they're better looking trump Softbank and again. I'm sure they're great people. But that's how money works. It just creates all kinds of fucking evil and so the private markets had all up and god bless they hoard it. They did it and then it got crazy and on the public marks are like fucking van and then the millennials came along and said what the fuck do i want on five hundred stocks like. I went home peleton. I went on like a nike snapchat. And so they're going the disney but they'll learn the disney is not a better stockton owning netflix's. Because i'd rather up here company i don't want to own conglomerate so i think we're also going from the arab that conglomerate to the pure play do you think was fast. It's it feels like disney is in sync with you where they're just like you know what. The entire organization is now being reorganized around their version of amazon prime which is disney plus no the markets giving them a chance day. Don't truly sink and spinoff Disney plus netflix will eat their lunch because clean because of focus because of accounting and because of of of upscale a grade says weird. How many agreement with you. I'm not saying disney isn't a great talk but if you give me the choice between a pure play digital content company in disney. I'm gonna go at the pure play hard song isn't it. Yeah but here's the thing. This is what i think they should. Just. i'm hashing this out with you. They have eighty seven million payments. Your hair problem. Yes thank you or is that something we want to be. Put in that bucket. No well you've been. I mean it'll take a few months. And i will help you say shifted. Just go past or we're gonna continue on your nazi ways you've got. I'm ready to your almost lovable with that. They go go ahead. What if they said when you buy your disney plus you get x number of tickets. Were each disney. Plus gets a ticket park. You can buy this and you get five tickets five days in the park. Whatever it is guess why the stock is back where it was of because of that. The market's already pricing that. They'd be stupid not to offer that. Of course you're absolutely right. And if they're not thinking of that they're idiots because the stock market has already said. That's assumed it looks like doing that now. Too they have some possible. The only thing apple has wrong as the narrative if they had like. What does that mean. Meaning tim cook not out there. Talk lum locks. He's not in clubhouse saying you don't understand the narrative apple is unstoppable because we have recurring revenue if he was out there pounding. The table like a must taking bullets like trauma. The stock would be much higher multiple period end of story. Iona was one of my biggest positions of not but they're terrible at their narrative. They've really not good at narrative. I agree the products. They launch r. You know between average and awesome depending on the product but they don't piney companies and they have all this cash largest hedge fund in the world. Right like what. Okay with that and okay with that they could. What tessa for. Fifty billion seventy. Because i'm okay with it. It's working what's not working as they're not playing the story then. The market is rewarding storytelling. I mean your best trauma tell stories like a fucking professional. He's playing the narrative he's got adam. Bain who's like you can't hurt out. Banning like fucking kryptonite right. You wanna pick on trauma. We can't pick on trauma. Fucking adam baynes like snow white right. Like he's he's he's got his fucking podcast with you. He's got he's talked to his archenemies use like he's running for office is like fucking powered hubby still topless shirts. Like if i set shirt of with me without my shirt on career exactly. It's like your hair it would. If you put my body on your hair we'd have house words. We'd be deployed. I think right now amazon q. On all love us we would hear on on my love. We'd be the new spokesman for so the pandemic is going to end quicker. I think we're like so close. Because people like me i love. I can't say this publicly. Hopefully block it out cove has been phenomenal to heroism. And i've been super lucky like a joke. It's not a joke at all. Because i'm doing giving money away and like he can't do much right. I'm trying not to get covert. We're plan all playing a game. Right now is like how much do you want to risk getting covert. I've been the somewhat good citizen go bike riding and been on a plane had not been on playing myself. I don't go to. I take charge. I know take our ships tips. I go to my local restaurants. I don't know what i'm supposed to do. I've listened to the news. I don't listen to the news but my job is to survive okay so now that we're so close. I'm even look more of a hermit. Seen i'm mean ready to get the fuck up. Meaning i want to get my shot if people don't start behaving i'm gonna not but in line but i'm gonna do play the game and get my shot every you know what i mean. If you wanted like take let me ask you this. You got some. Did you get any inside offers of how you might be able to get never know. Nobody could spread cause a mike ribs because of my chat groups. Like you talked to fred wilson and stuff. We're not playing that game. Just one not two. But then i decided not. Yeah so i. I don't know buy into all the drama. It's you know we getting would be stupid right like if you get it in the eleventh month and it's ending in the fourteenth you're an idiot you're literally. What were you thinking so now. I'm more careful than ever was me too because it would be so dumb to step outside of get cova. Not that. I'm scared of it but it's like my job was to survive my job from my. Lp's is deducted managed by and My job is to be on zoom and try and get smarter. Intellect talked to really smart people and trying just like our name of our firm social evers. Our job is to be armchair quarterbacks with skin in the game. Tell me your problem..

fred wilson netflix eighty cents six percent twenty cents apple five days adam baynes eleventh month five tickets nike disney fourteenth Disney two amazon five hundred stocks london Bain Iona
"adam bain" Discussed on Capital Allocators

Capital Allocators

02:49 min | 6 months ago

"adam bain" Discussed on Capital Allocators

"That i rely on. Some of them have been with me for fifteen years. Some are more new but they're all going back to those weights incredibly high integrity a-political. And so i don't know that everything we do. We'll have great product market fit or we'll have tailwinds but i'm starting with those two weights optimized and then i have a partner who really is my co pilot in all of these critical business decisions because she goes through her own set. She runs a very successful pharma company. So she's able to help me navigate my own issues and catch me because she knows me so well personally when my personal insecurities driving bad business decisions and i mean you've probably gone through this in your life as well. That's the single biggest thing that if you can fix that leak right like in poker. If you're really good poker player you describe your weaknesses as leaks. There's like a couple of leaks in my game. You know like in certain situations. I respond poorly but fixing. That leak is a superpower. It just empowers you. And so i'm able to at least have these grandiose ambitions i don't know if we'll pull it off because now i have six people in my life that i can really rely on in different ways. And how many people in total or there as you describe it in the social capital ecosystem so then the company itself is about thirty people. We have a really dedicated group of folks in the middle office and back office. We have a young emerging group of two guys who i think are really incredible up and comers who i think can grow into these five guys in terms of their seniority. And so we're growing the team slowly again for apolitical people super super high integrity and then i have partners so on the ipo platform. I have to critical partners that i work with us. He has an organization called hedosophia and connaught great bankers. I have a partner in david hammer at credit suisse on thy pure two point oh platform i have a partner and adam bain de costlo on the ipo to platform. I'll do the same thing on the biotech side. I'd like to find a group of folks to partner with so the other thing that i've learned is that creating non zero sum outcomes is really healthy. You can come to a place in your life where you can say. I'm going to capture every single last dollar of profit here or you could say you know i'm going to be a little inefficient and in that deficiency what you actually find is you aggregate a group of people who are deeply loyal also apolitical. Who then want to build the business because they also have so much ownership that they feel it. So i've been very lucky that i can work with those folks if.

david hammer adam bain de costlo credit suisse
"adam bain" Discussed on Acquired

Acquired

05:14 min | 8 months ago

"adam bain" Discussed on Acquired

"Point. I hadn't thought about it's also just the nature of the Ad Unit itself Facebook at done that big Microsoft deal. It was essentially still display advertising on the site at this point, right? Yes. I think they probably charge based on clicks. It was out sense style was the ads were over in the sidebar the news feed was in the middle and then on the right hand side of facebook.com you'd have those Parv adds up wow. You're tell that to the kids today and they don't believe you. Would you made the decision to pursue as she says, vision of this Ad Model? I think it was Dick's vision from what I heard. At least on engagement there's like a ton of pieces you gotta go build out let's like a heavy engineering lift. There's obviously the product aspect of that and the data aspect of that with all the third party applications, and then there's also the now you gotta go spin up teams to convince advertisers to do business a different way right what was your Gantt Chart of planning all this? I can't remember that far back. I knew that I needed someone on the go to market side meaning the sales side to really build that whole organization. I didn't know anything about building sales organization I didn't know anything about building what sales ops was what sales find I didn't know anything about that stuff. So before Google had purchased a feed burner, we had been in discussions with another company and that company was Fox interactive in Los Angeles Adam Bain was. Running Fox interactive had built their hold Ad Stack and AG platform at Fox. Interactive. Adam. Is President Down there. He both understand the technology and probably one of the Best Business Development networker relationship sales people I've ever met in my life. So I'm GonNa try to convince him to come join us. So I spent about four or five months trying to traveling back and forth to La trying to convince Adam to come up and Be President of global revenue at twitter and he would say, let me think about it. He was super hard to convince but finally convinced him to do it. I remember in, of course, our partners on the investing side I remember telling the board I got the perfect person I keep in mind it's very silicon. Valley award not all the investors on it were Silicon Valley. There was Fred Wilson from Union Square ventures in York. Sort of traditional tech savvy mindset of these are the kinds of people who do these jobs and these are the kinds of people who are those jobs. Obviously, we should go to Google and get one of their people like facebook did and I was like, no, no no I got the guy, a runs Fox interactive and. Everyone else we're like what we're going to hire someone from Fox to do this but we did and that was a great decision and Adam built one of the great go to market organizations in I would say in the last twenty years I mean that team was so many of the leaders on that team have gone on to run other organizations and developed tons and tons of great leaders that team was amazing. So. That, was on the go to market side. Once he got in I, kind of like you take the ball and run with it. I don't know how to do this and you do and just to underscore that I mean there's an people know about Adam and obviously is your partner billy. He did it absolutely incredible.

Adam Bain Fox interactive Facebook Fox Google President La partner Microsoft Silicon Valley Fred Wilson Dick twitter York billy Union Square
"adam bain" Discussed on Rocketship.fm

Rocketship.fm

08:43 min | 1 year ago

"adam bain" Discussed on Rocketship.fm

"So square launched in two thousand eleven but the square stand launched in thirteen a couple of years after the initial IPAD launch. Your assault style. We started our company using swear in. It's been amazing for us. As we started adding more sports square grew us. We're able to slowly move into the spurs stands which have been really phenomenal a great experience for our customers. I mentioned the IPOD was significant again. Putting modern consumer technology in in many people's hands connected to an APP store with a big beautiful touchscreen that many people had for business purposes but also personal purposes and adding the square stand again that consumer device into something that business owners could really use I am. We just observed. Surprisingly big businesses were using phones and tablets in their stories to run their business for the very first time and we had a really good opportunity to talk to them Through another hardware product. The Square Stan launched with headlines. Like I thought square would kill off the credit card. We'll Jack Dorsey company save it instead and square reinvents the cash register the Square Stan launched. It was a two ninety nine price point and it was a stand built specifically for the IPAD which turns the device into a card Swiping Register. Their commercials touted. What will you do with your cash? Register with images of old point of sale devices being used as everything from a paperweight to a silverware drawer and they were wrong right. I I remember these devices popping up everywhere then just two years later and just six years after their initial launch square moves to IPO. In two thousand fifteen so much. Talk about where you came in. Where are you priced before we talk about works trading right now what does that mean? What does it mean for you? What does it mean for tech? I mean what it means for us is. This is a moment we're entering a new market and and we're you know we're real excited just to get back to work. I mean this is. We have a long term view on our business and where we need to go and we need to do and we're just trying to build good tools. That people Fred Wilson logs today. Sometimes you just need to get the deal done terms might suck but the cash doesn't so you do the deal and you live to fight another day. How you feel. He's he's absolutely right. I mean it's all about getting the business and accelerating business and that's what we came here to do today and we did amazingly this was just a couple months after Dorsey return to twitter to also take Kupfer as CEO. Jack Dorsey is widely known as the heart and soul twitter being founder and original creator of the service. He's back as CEO Today permanency. After Dick Casale announced that he would be stepping down in June. Jack's been in since July first and ever since then he's been pushing the product forward. Apparently a lot of the problems that have been happening internally. Is You know things. Good Ideas. Been shelved and people are afraid to step forward jagged breaking apart all that bureaucracy and things are shipping playing around with polls. There's rumored project lightning that we could see sometime soon. And I think a lot of people are excited to see him back for numerous reasons wall. Street's happy stocks five percent on his return also big shifts to the board Dick follows step down removing one of its former. Ceo's and as well as Adam Bain is stepping up to the COO role he's been ahead of partnerships and monetize the service which is actually done a really good job at Jack promises that the entire board composition will be remade. Now given Adam Bain and Jack Dorsey history together pushing product pushing monetization. I mean good things to come with this news. It's interesting to note that Jack Dorsey will remain. Ceo Square company founded in two thousand nine. Which is actually a few blocks away from twitter itself. Historically there hasn't been a lot of CEO's that have done the double duty Yuan. Musk and steve jobs being two of them. And it'll be interesting to see how Jack Dorsey rises to the challenge and since two thousand fifteen Dorsey has remained co-ceo of both public companies. Ask for square. They've soldiered on continuing to innovate in the payment. Space adding to our strategy at original strategy was really to complement the great consumer devices. That people have the phones and tablets that Apple Google Samsung and others make around the world. In addition to that we added square register in the square terminal which do not rely on a phone or tablet they are fully integrated top to bottom running square operating system. Turn it on sign in. And you're running your point of sale right there in integrated device and the inside. There was that the complexity of managing personal devices in a business setting it sometimes too much especially for larger businesses where they spend all their time sharing their I tunes. Id's or signing people into the Google play store and managing apple Google's operating system updates when it's not really their businesses all about so we've added to our product line to have both accessory products that connect to those amazing devices but also once. We felt confident in our own abilities to deliver at that high level of quality integrated devices that satisfy the mobile business in the COUNTERTOP BUSINESS. So what started as a simple but innovative credit card reader over a decade ago has become a full line of point of sale hardware and software solutions servicing. Everyone from larger business chains like starbucks small mom and pop shops across the glow of and even Mike Garage sale and even today square still continues to operate. We're always looking forward Even though we have a nice tight product portfolio in. It looks like everything is exactly as it should be. I hope that's how it looks deals. We we we do a tremendous amount of prototyping and there's a lot of stuff on Shell. That's that's great or almost good or terrible or just not yet or we. We missed the window so I never liked to make product development. Look or sound like it's easy and clean it's not it's a lot of gritty prototyping and mistakes and and refinement over time. We have a really good handle on. What our core technologies are. I think every business needs to know what's essential to them in what's not essential for us. Secure card payments is essential. It's why we develop our own silicon and firmware and the lowest level payments for a global system of payments. It's in our mobile reader. It's in our countertop readers. It's the same technology we own it. No it refine it. Reduce cost improved performance reduce chip card processing speeds. We can really own something that is essential to our customer experience Another is the custom operating system that runs in our terminal and registered the same. Oh acid bill that of our same build system and again we've mastered a piece of technology that gives us the ability to make a third products worth product products with those kinds of capabilities. So that's what that's how we ourselves a look forward when I think about where. Small businesses are heading increasingly businesses. That do business in person are GONNA have a higher bar set for what that in person experience is since you can do so much online. It'll be a lot of pressure on retailers restaurants services businesses to make the most use of their space. Have it be uniquely wonderful to have employees who are more like concierge is facilitating experience technology? That makes that in store experience. Complimentary two or even better than sitting at home And we're in a really good position to have the hardware software and services that stitch together in a really nice way in the store but also tie it back to what's happening outside store in the other modes that the business runs so that's how we look forward to business set of businesses that will be increasingly blended across multiple channels. All right so coming up. We'll be telling more stories of product journeys big and small next week. We're going to dive into the story of Microsoft in in the very early days sub fifty employees and learn what they did to become the global behemoth. They are today. Thank you so much for listening to rocketship DOT FM. It's your support that keeps the show going rocketship dot. Fm is now part of the pot. Golomb network if you WANNA learn more about the other shows on the pot glamour network through to the hot glamorous DOT COM rocketship dot. Fm is produced in partnership with product collective community for product people. If you go to product collective dot com you can check out. Live video interviews. Sign up for our newsletter. Be A PART OF OUR SLACK. Group WITH OVER SIX THOUSAND PEOPLE. Just check it out at product. Collective DOT.

Jack Dorsey CEO Square Stan twitter Google Dick Casale Square company spurs assault Fred Wilson Adam Bain product development
"adam bain" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:19 min | 1 year ago

"adam bain" Discussed on Bloomberg Radio New York

"Forest Service your state forester and the ad council influential conversations from Bloomberg television here's Emily Chang continuing I look now the fallout from the corona virus outbreak I'm joined now by Dick Costolo the former CEO of Twitter also managing partner of the new venture capital firm one advisors Dick thank you so much for joining us I gotta get your thoughts first of all in the big picture here markets are melting down there is no end in sight what's your view on all this and what it means for the tech economy let personal take on this is that in two thousand one and in two thousand eight two thousand nine and those were both I'm great opportunities and you never know where the bottom is going to be in you never know what's gonna end but couple you're still look back and wish we've been buying more when prices were where they are someone I've been a buyer slowly but surely all long last weekend we will continue to do that you and your former colleague Adam Bain from Twitter recently launched a venture capital firm one advisors what's the status of that and you know are you trying to raise money are you able to raise funding yeah with the funds raised you know fortunately and that's great we're continuing to put money to work and continuing going mmhm and I'm not obviously advising operators many CEOs in this environment you know you don't know how long it's gonna last take it very very seriously you're more interviews like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings markets headline breaking news twenty four hours a day at work dot com business the Bloomberg business slash Moscow U. S. stock index futures are climbing along with stocks and bonds globally as investors review the unprecedented government measures to shield jobs and economies from make celebrating corona virus pandemic the dollar holding an eight day or rally and we check the markets every fifteen minutes throughout the trading day on Bloomberg S. and P. futures up forty four points this morning Dow futures up four hundred sixty nasdaq futures up two hundred thirty one attacks in Germany is up four point two percent ten year treasury of twenty nine thirty seconds yields one point zero zero percent the yield on the two year point three eight percent of the thirty year yield.

Forest Service Emily Chang outbreak Dick Costolo CEO Twitter managing partner Adam Bain Germany Bloomberg
"adam bain" Discussed on Pivot

Pivot

11:09 min | 1 year ago

"adam bain" Discussed on Pivot

"I expect the board to either give up three board seats in the next ten days or demonstrate evidence to Jack. Dorsey is Jesus Christ and not subject to the same space time continuum as the rest of us. This is in a word or term fucking ridiculous. This is a corporate governance layup. Stock is GONNA scream. This is a company that has unbelievable potential. That is down that we'll talk about the unbelievable potential. This is fascinating. So we'll talk about the unbelievable potential and then what could go wrong for these activist shareholders? What if the board does decide to stick with him? What what could happen. Well Okay so how? I learned about crony out Scottish. What a basic level. What what logos of any company in the world are spread across every other media company? Twenty four by seven. I mean this company. This company has such incredible reach and is so important amongst the most influential people in the world. There's been striking lack political people. Entertainment tain -ment Yup So I look. I think this has tremendous not anomaly. I think at some point if you have some safety on the downside because I think if the stock went down some would probably step in and acquire it but any sort of product innovation here. I think advertisers care are looking desperately looking for an option to facebook and Google percent hundred percent. There's one of the things I'm thinking about is how good the ads on instagram are. For example I was just spending a lot of time looking at them and that was going to be twitter. Twitter was going to be doing a lot of that and if you remember I mean we go gone. They talked about an atom. Bane was there and that was sort of the and then it just went away a lot of development. Yep Guy is is gone in the afternoons and now he's gone to Africa. And if you think about I mean essentially this company really hasn't had I think it looks smells and feels the same as it did five years ago and also there is a core group of people who are really arguably the most influential people in the world whether it's actors influencers media. Journalists politicians who are obsessed and addicted to twitter and addiction should translate to margin which should translate to shareholder value in. This is a company any other company that has a fraction of the reach and influence of twitter trades at ten to twenty five times forms below. You know they say something punches. Above their weight they punch blue and which is interesting. But I'm looking at the board right now meet Porta Sanni. Google exact former executive home really. Well he's not gonNA turn on Patrick. Same thing former Google is that he was the first He was the first. Cfo of Google. If I really that he was there may have been one before but there he was critical. Cfo Google forever. There's Jack There's Martha Lane Fox Who is who is I don't know a lot about her background but I she was. Put there by Jack There's all kinds of people like Brett Taylor who was who's president He works at salesforce. he's also an insider Rosenbaum. These are a lot of insiders of a of Internet. The Internet friends. Do you know what I mean like and so I wonder what who's GonNa be the mover on this group because I don't know which one will will do something. I don't think I'm going to carry these. Okay let's assume they'll tournament Aronson. Let's assume they loved Jack. I think the right still you know what they love more my their reputations and every day that they put up a fight here any. This isn't a dialogue. This isn't even an issue it's an Iq test. It's okay no matter what you think by the way. Jack deserves a lot of credit. A remarkable innovator. He's garnered several billion dollars in exchange for that innovation. The question is is what has gotten us here today. Going to get us where we need to be at. Does this company for question one. Does this company warrant a fulltime? Ceo Should the CEO of twitter in addition to focusing his professional energies. One hundred percent on this company be within nine time zones of H. Q. U. E. This isn't every I can't imagine. A single shareholder said No. We're going to stick with a part time guy in Africa I just don't and every single metric shareholders are supposed to Evaluate a company on its fiduciaries for the firefighters. The police the wealthy families they represent is supposed to be shareholder. Return in this company is massively under perform. This is over before it started. Okay so ten. I'm going to call this ten days. And who's WHO's a CEO who's an actual CEO. Oh I don't know but I I think about this. This could be. There's several former corporate executive todd. Morgan fell the CFO. Petrous have gotten to know him. He's a very thoughtful guy. Dick Hustler. Who GETS A lot of grief and was kind of his image was tarnished you realize when he joined twitter it was seventy eight cents a share in the private market and now it's and then he grew it to thirty eight dollars. A Share Adam. Bain is considered a fantastic operating executives. Put together a list of the twenty five most impressive people to run this company. They all return the call they may not take the job but this is an incredible opportunity for a CEO. It's not it's not. Who Do you pick to be? Co Who do not pick. This is going to be a fantastic only issue is I have to say is getting into the the Trump is of it. Did trump of it like making these big decisions on political advertising making. It's it's it's one of the reasons a lot of these company hasn't gotten bought yet which many people thought it would Google would move in or apple or anybody. There's all kinds of owners of this salesforce had looked at it. There's there's that element there could be. A purchaser was every single person. I talked to was like twitter. You know what I mean like fixing the mess that is like an extra much of the product mess but the toxicity and again everyone thought about products. But that's easily fixed that updating twitter for the next what do you do you know this stuff as well as I do. Let me ask you straight up. I should Jack Dorsey be replaced to see of twitter. I believe he should. I have thought that for a while. I've talked about the lack of product innovation. I've talked about the the the the nobody's home kinda thing. I think they've got some great executives in cave on Becker is is lovely as a product. They've had a lot of product minute. Heads THERE I think Has Tried her best. You know very smart. She's the the the the COO And has been doing a lot of the behind the scenes decision making and stuff like that but it is a weird corporate environment. You know what I mean. I think there's individually some very good executives there But their leadership of Jack has been. He's hard he's he. It's not like he's a pain or anything like that. It's that he's he's absent in god-like you know what I mean like. He may speak to at some point. He may not speak to you and it just it to me. It's been the biggest. This is one of the greatest media properties ever in the most fun to run and the most full of controversy and so many difficult questions and I would love to see an active. Ceo In there. Who's really pushing pushing advertising? You know there's all kinds of things. I have one hundred ideas for twitter like you know what I mean like. We could do this and you know. I'm a big user of it. I Love I love it but it's fun new products and the reality is. We don't even need to go out to Robert Hall. We just need to find the right guy to pay for two hundred apparel cabbage for that. I'd real I would because I really like it and there's also not just the toxicity and I agree. There's a lot of taxes on it but the is the delight in it. There's also a lot of delight and there's so much potential there to be a great media property and to you know what instr- I don't use instagram the same way it's like they could take so they can just grab so much stuff from instagram and put it in there and I think it's because I don't know why it's not happening there it. Just it's been one of those companies that hasn't do. I have an idea in keeping with the boards approach to corporate governance and leadership. You and I will be co CEO's I'll move to Rwanda and you become the a payments company and we'll run it. Well run it their jungle cat a number taken over to take a quick break What what would you? What would be if you were the? Ceo Scott Galloway and obviously on the other side. You're fighting. Thank you for disclosing that I own. No twitter sock. I have no dog in this hunt. Or whatever the express the Manley's your uncle twitter to innovate. I would like twitter to innovate. That's what I was looking for some. I think the stocks too low for what it is. I get punches below. It's all right but what would the first thing you would do since you are you? Are you started this off with your main letter Jack in Africa? What what were what was. What would you do the first three things? And then we're GonNa go to break so the first thing I would do as far me and bring in a CEO and tell him or her that it's up to him or her to understand and listen to everyone in the company and then come to their own conclusions around what needs to be done and as a board member support them. So I know that. I don't mean that to be a cop out if you're going to force me for tactical issues to gate saying I verified identity. I think I think two thirds of the toxically goes away when people actually have to behave and say things based on who they actually are and then I think. A series of pilot programs around niche paid products whether it's financial services or politics that encourage people like us to get more engaged in pay for something that is better uses. Ai To screen are filters may give voices more enhanced coverage. I think there's a ton of opportunity here. All right. Okay and edit the added button that would cut anyway Scott that's great. This'll be fascinating around a whole ten days hidden days right. Sarah ten wait. What are you saying ten days? Four days I believe within ten days the board is going to come to agreement. They've lost this is this is. This is listening. Huffman going this is this is. Let's say happens lawyer going to felicity? You need to cut a deal yesterday. Aso The board is going to cut a deal with Elliot. And we're going to see Jack Jack is going to step down. This is just on. This is just this is GonNa want. Is there anything to the fact? That Elliott's a big trump supporter or anything like that. Is there any anything of that so just to be clear just cleared the guy running? This is a guy named Jesse Cohen. He's a democrat. Unless they've I don't know them well but I know them unless they've totally fooled me. They have forty billion dollars under management. And if they were doing about money you're right. This is about a product that is not look. They don't look blue. They started if it came out that there was any political motivation here that was in any way putting their limits return at risk they would go from forty billion management to ten billion and the thing that gives Paul Singer. His political power is money since citizens united and the way he makes. Money is being focused on one thing and that is returns for his limited. Politics has nothing to do with bringing bringing it up anyway. It's time for a quick break. We'll be right back. With a friend of pivot New York Times reporter Kevin Roose and wins and fails hiring is difficult. You're looking for the just right cannon. If your team's unique needs but.

Twitter CEO Jack Jack Google Jack Dorsey Jack There Ceo Scott Galloway instagram Africa Cfo executive Porta Sanni facebook Bane trump Patrick Dick Hustler Jesse Cohen
"adam bain" Discussed on CNBC's Fast Money

CNBC's Fast Money

09:01 min | 1 year ago

"adam bain" Discussed on CNBC's Fast Money

"Too fast money? Stocks are soaring to new all-time highs. What's new but there is another huge rally sort of hiding a little bit under the radar and it's happening in the options. Market trading activity has just boomed in fact options volumes at their highest levels. At least fourteen years. So if you're wondering how you can use options to make a plan this record. Run Your luck options by chief. Strategist Zang over the plasma. Teach you how it's done Tony. Thanks Brian let's take a look at the markets from a bit of a bipolar view which I think reflects a lot of the sentiment that we currently see in the market so and we WANNA see why options are smart way to play this current market so first of all we see that markets are at full valuation. Which means that. It's hard to make a case to go long. Equities from from a cheapness perspective also from a technical perspective where near overbought condition so the risk reward metrics to go long equities doesn't look very good but because of foam fear of missing out and how strong the equity markets have been performing. We still want to maintain upside exposure but find a way to do so with limited risk and this is really where options shine so taking a look at this. What I was looking at earlier today was looking at sp wide. I was looking to April third expiration which expire right after this quarter and I was looking at the three thirty eight calls. The at the money calls. These are trading at five dollars and seventy cents earlier today. This allows them to gain upside exposure. Sby with the break. Even price of three forty three seventy only about a and a half percent move to the upside to make money on this on this particular trade but to understand this. What I'm really risking is only one point seven percent of the underlying stock price. No matter what happens even if the stock drops so now let's take a look at this on the flip side because of all the reasons I just laid out. There's there's a concern. There's a high risk of pullback so if we see if you see a concert of pullback of anywhere from three to five percent or lower whether this is because of fears of corona virus or shares like apple guiding lower and you do not want to wish do not want to move your assets into cash one of the ways that you can protect your portfolio is by using put options so earlier today what I was looking at going out to the April seventeenth expiration a little further out in time and buying three thirty nine puts the at. The money puts retraining around six dollars and eighty cents. This allows me to take advantage of of a move to the downside of about two percent to the downside so if markets move two percent lower protect my portfolio and if markets continue moving higher. I'm only risking two percent to protect my portfolio. So this is a great way to utilize offense to trade either in the market. Sorry Tony Saying Tony. Thank you very much Dan quickly. I mean you can come in on. That is what what what what to make of this. Massive Boon options for you guys smooth. His obviously I think it's really interesting the way he framed it to the upside. You can reach one point. Seven per cent of the underlying for all that upside exposure in the flip side as you head your portfolio for about two percent or whatever it is you know looking out two months or so so to me it kind of touches on Karen said before. Fix It. Fourteen and a half. It should be around twelve over the last year when we've been at new highs. It's been twelve I think there is a little trepidation about the rally and I think that Tony laid it out perfectly. Choose your own adventure whatever you WanNa do options for cheaper. Okay good stuff there. Tony Thank you Dan. Thank you for more options actions. Always you can tune into the full show every Friday five thirty. Pm Eastern time coming up. We're going to do more on the hottest stock anywhere Virgin Galactic later on latest. Cnbc special on the corona virus outbreak. Tonight seven o'clock eastern time to bring you all you need to know we're back up to this. There's a new top bull on Tesla. We could probably do this segment every day Piper Sandler. Which is the new name of the research firm upping its price target on the Stockton Nine? Twenty eight oddly specific now the highest on Wall Street and is behind. The note says Tesla's quote superior products that potential for solar power charging capabilities are just a couple of reasons for the call. Shares of Tesla at another record close. They are big a look at that. Six point eight percent up one hundred and seventeen percent so far this year. Let's talk more about this guy. Thought this call was really interesting because the analysts actually laid out like a house in Minneapolis with a with a solar roof and a battery pack in the House plugged into their Tesla is one of the first calls where they talked about the whole vertical ecosystem. And that's been Brian Kelly's point you know. Years Ago Brian. Kelly said Tesla's one of those stocks you put in your drawing and forget about it and he's been correct now obviously they've been ups and downs in this thing but recently has been spot on. I don't know how to value this. Clearly this is one that I have not been on for the last six hundred dollars or so but when you start seeing analyst at Tim's point I think last night or two nights ago now they're starting to chase now they're having to start to give you the high side both thesis. Maybe it's getting a little frothy on that front. With that. Said I have zero idea. How to trade the stock at nine hundred seventeen dollars a share all right. Let's move on because Tesla is still a rage but it was sort of all the rage. Now there's one stock especially among small retail investors that is giving US rally or run for the money that is Virgin Galactic that stock rising again today. Twenty three percent extending its meteoric rise more investors getting bullish on the race to outer space or just want to trade. The name and main street is loving. Let'S GET OUT OF KATE. Rooney out in San Francisco more on. How the retail investor is really getting involved. Here that's right. Hey Brian. Virgin Galactic was the top traded stock. A few different retail platforms this week. Let's look at Fidelity I according to the firm Virgin Galactic was the most popular stock fidelity customers. It outpaced fellow retail favorites. Tesla and Apple. The same goes for so-fi traders. Yesterday Virgin Galactic saw by far its largest trading volume ever on So-fi Invest. That was fourteen times the historical average and more than double the previous biggest day for the space company. It's a relatively smaller platform. But it gives us a sample. Size of what millennials are actually by the majority of those S-o-f-i traders are ages twenty five to forty and finally td Ameritrade. According to Tease Investor Movement Index. Virgin Galactic was among the top names in January. They're continuing to see clients buying in February but not quite at those same levels. Virgin Galactic has only been treating publicly since October. And they're not expected to turn a profit this year. But that's not holding people back Brian. This week's trading volume was nearly ten times the daily average volume back to you. Pretty Amazing Stuff K. Rooney thank you very. It's by the way the company is based at one sixty six north road runner parkway in a suite one seep in Las cruces New Mexico has exactly zero dollars in revenue effectively but anybody got nets runner images of course interesting that you know the road runner when you go off the cliff and then you. I mean seriously does anybody these people buying a real reason they buying it because Matt Matt. What are the ways that you can play in the public markets? Think about the way this thing came to the Public Markets Credit Suisse brought. This goes back to my pal. We Pretty Good. Investor is the one who got behind. This thing made this deal happen. Our friend Adam Bain. We know from twitter is on the board. They have a great team George. I'm just saying that there's no sales there's some day they're gonNA take people to space or whatever it's one of the only ways you can play it in the public markets. It's just that simple. So we're in a mania sort of market you know. Tesla has a market CAP. That's double GM and Ford Combined. Double them okay. Used to talking to get this dead. Who knows basically an amazing thing in its final frontier maybe multi trillion dollar business. And if you could have gotten in in two thousand nineteen or twenty I mean he may not even be space may actually be their ability to move people. Faster some other part of this. You know this world the one we're in but when you look at valuations right now this is probably there's probably a lot of okay boomers going on. Tv sits around the country right now but look Companies have to ultimately make money and buying thematically. When money's free seems really really nice but that's what this is a this is a place not moonshot. Hey I can make two hundred percent like it has its hundred and sixty percent this year. It's literally I want to buy into something I believe in. And that's just rate but that's not how you invest abroad. Okay for another day another day. Okay broadcasted here from nine hundred ninety nine. I'm just saying I'm not comparing this but I am comparing sort of the idea that these stocks are changing every couple of weeks and they're going to three hundred percent you know we're talking about him again and the whole float trade okay by the way. We have a big interview coming your way next week. It's the Guy Dan just reference trauma poly hope is going to join the gang on squawk box. He's a fantasy of social capital is also what chairman of Virgin Galactic like so? I don't know if he gets south. Road Runner Parkway.

Virgin Galactic Tesla Brian Kelly Tony Dan K. Rooney apple Zang Cnbc Stockton Nine analyst Piper Sandler twitter New Mexico US Karen San Francisco Matt Matt
"adam bain" Discussed on Venture Stories

Venture Stories

13:38 min | 1 year ago

"adam bain" Discussed on Venture Stories

"Eric thank you for having me zoom market when you give a little bit of background on yourself how you came to dc g. and and where you're focused on in DC jerry now for sure so about in twenty tan my to my three partners there's four of us total got together to start a holding company called the turn the repeater ternate at previously been a co founder of hulu and seeing this pieces around direct to consumer immediately impacting how individuals vigils and families were consuming entertainment and as part of that formed a bigger thesis in around media brands at broader consumer technology in two thousand twelve there's a significant amount of equity my other partner mike join them bringing a bunch of operating dna expertise to the team and during the period that they were together from thirteen to eighteen they invested in over seventy companies across early stage seats growth and even did control buyouts and businesses businesses that you would know like barstool sports and in parallel i was actually building my own for the accordion venture capital business out of large run called called bam where i did everything from two matic sourcing and building a team setting up a san francisco operation raising for part of capital taking short seats and really leading fourteen or so core investments but across five or six different markets and during that time and parallel gotcha no jesse through a friend adam bain and rich greenfield who is well known media analysts when rich actually invited jesse join a event hosted in jackson unholy homing for an executive off site and over time when i was sharing deals and ideas which SE and hey experienced significant liquidating event and selling media to eighteen billion to we started kicking around the idea of joining forces together to build a much bigger stronger business awesome show i joined the three of them in twenty nineteen and TC GE came together twenty eighteen during a year era of two thousand nine hundred and we raised roughly seven hundred ten million outside capital to scale the business which was a totally independent independent investment firm with the roots in what deterrent group was doing its prioritization seven hundred million how do you think about portfolio construction i bet yeah so we think about the world in terms of a few different ways one is the way we attacked markets and pick it up businesses mrs and teams tobacco is very fanatic and so we'll do a lot of work at industry to come up with view that we think is nuance and differentiated infertility question we overlay on top of that is what is effectively the best risk reward in this space to express that view that we think would be in the best interest first of our investors are team and that means that using fertility as an example you can roll up clinics like TI associates lee equity partners have i have done in the past and the very profitable way you can back growth businesses with large thirty nine dollars plus checks or you can do traditional series where you have but different level of ownership and risk reward that you're playing for without actually paying a growth price until you know we think about it in terms is a risk reward but the way that it manifest itself and portfolio construction and expressing that sixty percent of our investments call it our minority in in the sense that they're a mix of growth venture twenty ish percent of that i would put in traditional series investing this is you know four on twelve else rolling up this lead early team product market shed and building impactful business so things like that that we've had in the last year daddy of stern banking business since which we can get two or more a little bit more mature like shops which is a three sided live streaming marketplace on the growth side these are businesses where they're fairly well scaled typically representative forty percent of the portfolio and they're in an industry where we developed what we think is a non consensus view you and there's still a few turns of return to come and so things like zola and the wedding registry industry which we can unpack represent that in our portfolio folio and and over time we expect to roughly forty percent of our business and on the control side it's really about risk reward as well where we're expressing at byu and and it looks like a majority investments where oftentimes there's you know ten plus years continued to have a shot on goal but there's a mismatch in the capital structure or some sort of intricacy that makes it attractive for us to be bigger larger partner so that they can take a better swaying on the back nine and play out their thesis and you know our partnership which we didn't mention is a little bit different in that the majority of us have been career operators ears and created then you know there's me here's more of the career investor although building a venture and growth business you could say the operating in one one respect so we think we're particularly good at that are you as less ownership focused and more probability weighted multiple focus then yeah i think it less about fix constraint actually on either and more about where do we think business can go from here and what are we playing for and making sure that that core return that were underwriting comes from something that exists in the case of like a peleton just use that example making sure that you believe there's a couple of hundred thousand in units of bikes in the world today and the core return comes from you know that number growing two million plus overtime and i actually think it can be three million plus overtime of an insult this than having the next lag probabilities to your point being new products like treadmill and a few things that they've announced and the next leg stool but i think for us we think about where we taking the risk and is not the right way to think about risk things we've been going back and forth on is your your latest thesis which is owning a life stage iii getting married having a baby end of life funerals unpack that these this evolved and where they might lead you yeah and and i actually think if you step back a little bit we've seen this at a macro level across verticals consumer right so even in gaming you can think of a business it's like roadblocks as really owning that cohort of young gen z. individuals for finite period of time but that's a very very profitable all big business as as i think you know until you know in our towards the way the way that we expressed that initially is through our investment in zola and so i've been investor over the last few years across a couple of different grounds and one actually got me excited and if you look at the first generation of these businesses things like wedding wire not martha stewart there are actually all add based models which have inherently subset of challenges let alone like the valuation multiples and what what they actually trade right on what there were and if you think about these newer platforms that have been built to own this life stage of of weddings for the cohort setting today which are largely millennial will and gender genetics zola the way it operates is a much different approach writing visual pars forever staff it's simple it's an it'll by drop drop ship provide guidance community and it's all integrated their one place whether it's features like guest list or website building to closing the loop on things like invitations but but before you even get there that thing that is really really special about zola is on like wedding wire and but not there's a much more superior business model and anyth- even you know compared to traditionally commerce right so traditionally commerce as you know if you look at businesses like ace in the fast fashion world they thirty percent plus return rates because you're just buying stuff online trying and then shipping it back that crushes your gross margins because my partner and i have actually picked out the things but i want eric and his friends to buy for me there's a much much much lower return rate and so you had a better gross margin profile look at the stocks that are publicly traded and and express that in their commentary with alice like williams-sonoma you'll see that the highest margin lever of their ecommerce business is actually the registry business the other thing if if you think about one of the more interesting things we focus on is ramping paid acquisition you think we know marketing really well and if you think about traditionally commerce i i it's hard to drive purchase behavior because if you think about most models they're largely driven by paid acquisition span but because i'm inviting in writing eric my wedding there's built in intense where my pushing out of that invite to my registry is actually pushing you to by on zola and so the marketing equation is much more nuance but in a more profitable way and then the other thing is if you look at businesses like a stitch fix but their seasonal assortment they change the genes at every turn of the months and flavor and that leads to of people henry operation right if you think about what people are buying on the wedding side it's more of an evergreen assortment in be commerce sense meaning it's blenders and homegoods and things that are generally early staples and because of that the infrastructure costs are running zola hybrid marketplace or meaningfully lower because you don't have sixty seventy people in merchandising department turning skews and then the other part is obviously you know the cash flow right until you know just to simplify to get but good way to potentially get divorced as to d your registry of the night before most people actually do it months in advance and most of the gift purchasing happens for five months in advance and zola collects the cash eric buys me gift before the gifts are ship so they're building a float somewhere to airbnb where there's a prepaid component effectively before going cash out of pocket and so when you combine that hybrid agra marketplace in a very very good contribution margin or positive core business that you can then layer on these other things to answer your question and on the live stage so what are the other things right and i saw tzoanos that i pushed eric and my hundred fifty friends to my website they know what you bought me and they have my social graphs so because they've seen those emails off loaded and when you buy that for me to close the loop instead of doing thank you note in the traditional sense they already have the data that connects what eric bought when he bought it to that specific good and it simplifies but thank you process too much more drag and drop like model where i'm not handwriting notes and tracking down old macy's and bed bath and beyond receipts to see what people got me and win right it's actually all all there and so if you look at the attach rate when i think of as a new business it is significantly higher than most people expect or something like invitations which by the okay have seventy percent plus gross margins and have been very very profitable standalone businesses are they already have this captive at ten and then if you think about things like you know just because share that i think has been recently announced businesses like honeymoons right that's like you know an eleven billion plus market the average a couple of the US today spend over three thousand plus zola's cohorts are meaningfully higher and so you also have a favorable margin profile that's integrated integrated with the platform you know and if you look at how the NPS or their business ninety percent plus of couples that have registries with zoa actually say they book a hunting and so part of that product you know and that's one of many things to come but i think when we think about owning a life stage it's really nuance because because you want to own it in a very contribution margin positive way that creates these little loops on the subsequent businesses you built.

Eric
"adam bain" Discussed on ESPN Chicago 1000 - WMVP

ESPN Chicago 1000 - WMVP

02:43 min | 1 year ago

"adam bain" Discussed on ESPN Chicago 1000 - WMVP

"The Illinois lottery and I hear there maybe one more sponsor on the way TT that's great yeah last year we giveaway ski trip that was working closely with our promotion teammates and that that makes her feel comfortable yeah well I a good prices I said we've got a cat we've got a lot of a lot of what we can get a look this is given the month but they want presents I know I said that we should take all the things we went from our listeners in stay yeah and we put it in a part of a you know part of my car you know that there will be given here to pricing so first place is gonna get something second place third place for like there's going to be it's gonna be incremental people are gonna get stuff while you are on to something with that the what's at stake thing like we should do what's next year we should do it and I do a grand prize winner of what's that's right I mean we got to the competition this I like this can Griffey junior bobble head off your bobble head fan I mean I think it's a good day I think that's a good does bobble head we've gotten all the things that were you know nice yeah memorabilia right and we can win an autographed football today while I went to high school with Ken Griffey all right so I mean how to hit a curb the senior to yeah that's true that's right let's play a couple more entries matter what we got to debuted today and we encourage everyone to get to work with your friends a new entry to send to us all right this one was submitted by Adam Bain and it is a parody to joy to the world to the all the players don't get me started on the bulls he can't call more than can kid out of his own so short to the point I like it I mean why can't I just like stop without saying meaning that they're in the finals why does the Simon callow via everybody that is true you have but then a a one eighty you are just a listener suck up that's just true true to that is totally true and I'm fine being healed during this time of year I'm cool with it I am not going to pump your tires if your tires don't deserve to be punk you're Simon Simon cal so his palm to fifty million a year yeah what's not to call him Paula.

Ken Griffey Adam Bain bulls Simon callow Paula Illinois Simon Simon cal
"adam bain" Discussed on The Twenty Minute VC

The Twenty Minute VC

12:44 min | 1 year ago

"adam bain" Discussed on The Twenty Minute VC

"Everything everything else in Tacoma can do for you quite enough in my dulcet tones now so I would love to dive into the show with Alex mccaw found at clear bit and you have now arrived at your destination Alex. I mean my what it is such a pleasure to have you on this show falling. What's been an incredible with clay. Thank you so much for joining me statics. Well thank you is a real pleasure to be here. I would love to kick off the day with a little bit by a fellow. La Brit incredibly exciting for me to have show and one of the false is rising found is in the Vanni with clear. How do you make your way into startups an income to found clear. What was that our home in for you Alex School. I think startups have always been grand to me my father deloite Gillette thirty years and as he got ready for work every day he would say you've got to be your own boss boss. Alex so I think he ingrained in me from a pretty young age and I've run various businesses over the years and I moved to the states about ten years ago and I initially walked as an engineer and Dan Twitter and Stripe let you start a company without walking review companies and when I got my green card I absolutely love it. What was the reasoning by starting donning clear bit over the Plethora of other options in terms of this problem set so most bounds ought to give you some elaborate story about some pounding story. I'm not sure I have a single uh-huh moment but I do remember just being enamored by the day space. You know everything we do. Ultimately flows back today there and as humans we just seemed to be compelled to create it and wanted to be in this thing and I wanted to start a company that would really push myself and what I could become basically. I love seeing what you you come in reminded me of something. He said to me before which is really founding claim. It was more persons of Self actualization and we actually have fronts on the show and she said. Oh this whole mission from day one in many ways it's kind of B. S. when my distance way more important for she thinks would you agree with her. In the process well the beauty of different found isn't different companies is that there's so many different flavors of success you know really just comes down to founder and the motivations a lot of motivated by external validation money status what s having an impact in the world and to be clear. There's absolutely valid motivations than just not really mine and as you live here and she started this company as a tool to sell actualized life so there are a lot of ways maybe healthy aways himself back to lighting like meditation therapy but a company is a fantastic way pushing yourself and setting up the feedback loop really needed for growth and I ask everyone just think of the company has a self growth bickel and for the record I totally agree with until operational excellence is is Keith scaling that we were lucky enough to get a lot of coaching on the on the days of clay bid to actually make it operate extremely well totally. I mean I conveyed with you. In terms is the operational accidents. I'm interested in terms of the vehicle for growth thinking especially may be applied to the team. How do you think about an assassin speed of personal. Whether one has the capability ability and desire to do so really pre high in the hiring process. How do you think about the combination well. Usually it's quite obvious candidates interested in self-improvement because they ask about it. They ask about our values culture. How would you feedback but I do believe the frankly interviews distinct cutted the only real way we found valuating Cana ended this is through references and back channels. I'm totally with you in terms of the heaviness and weights of references but if we stay on the element of the company is vague who for grace and we China before you said that to me when you hit product market fit. It's time to move into the company making phase so I guess what is company making really mean to you. Does this not happen from day. One at its essence listens company building is building the machine the bills the machine so it scaling up the company while ensuring that communication and cultured doesn't go to shit is a real odds and a rare one and I think that's why you see founders who demonstrated the dump huge valuations the next company they build because it's such a Red Brad talent and I I've found is it's a really tricky transition and you have to change how you think about your time. I think about hiring you have to start dealing with human problems rather than bits and bites and I actually think it's really difficult especially for technical founders while suddenly was can me you've got to head down this whole time building building building an ice head up and and you realize company needs a real CEO but you have no idea what started and I was exceptionally needed to have coaching from this guy called Matt Mishari and he came in and he held US early early on when we were about twenty five people so now we're about one hundred but he told me that Love Company building in the love of management and operations management all the unglamorous side of company Buildings Shaw but after pre-market fed they are the difference between success and failure. Can I ask you very maybe blunt naive question which is absolutely zero founders. You've been undone before and seeing the mistakes they made the time. You didn't have that fine size it. Was it a difficult learning process for you in terms of that company making phase and how did you really get to grow so that given you had at the hindsight you know what my secret weapon is. Is I ask for help. I don't have any problem asking anyone in the wealth help and the great thing about Silicon Valley and the world in general the people really do help you. Ma'am Shari helped us in the days and he didn't judges thing so it was really down to the people out there who were standing shoulder the giants who helped coached us and made us what we ought today. I mean I totally agree in terms the onset involvement in some ways what I did in the days and still today I want to dive a little a little bit deeper into the management and really can construction of the machine because he described it before is six pillars behind clear but so I love this in terms of the structure and I WANNA take turn by Thanh if we the first pedder what is the first pillar show so the first pillar is people and so clearly hiring the right people is important. I mean I think that's obvious I think what is less us on the stood is at eighty percent of the banishment is actually done upfront by hiring the right people people who interested in self growth and self improvement people who match the jobs to be done the people who are fairly self managing you can trust that whatever they stay they will get done gets done totally agreed with you in terms of the time up front. We had a discussion on the show about contract. Goshen call us in the coalition's emphasis on that meeting add many many many in terms of people in the existing role that you're looking to really determine what great looks like if that sort of process that you'd I'd like in terms of hiring for roles that maybe cain will use to his technical found the hiring Marx's for instance. How do you think about hiring roles. which came to you may be natural skills? Talk what I'll do when I'm hiring. Senior role is I will go out and meet the best people in the industry. Right now hiring T. O. chief operating officer and during the search I've spoken to some of the best. COO's on the planet last week was trying to Adam Bain about it. He was like see of twitter so that really add she. Lets you choose in what excellence looks like and then when it comes to candidates. I think the key thing is sourcing is like the number one thing because if you don't have enough candidates in the funnel as you go down you start compromising and you're like we need to fill this role. We haven't found the perfect person Bellas Harlem Anyway so the key thing is that sourcing upfront and how do you think about building the Canada pipe is demanding lead you with recruiters. How do you think about getting the best candidates in Pike. I'll tell you a secret and this is something something that sounds. Maybe sounds obvious in retrospect but we didn't do it for a long time and when we started doing it business transform so the secret is sourcing sessions fashions sit down with engineers or whoever is relevant for the role and then use tools the tool T. mobile or you can just go through that link Tan using recruiter recruiter you literally just going to sit them down. 'cause sourcing is so boring so boring. Everyone hates it so you literally have two people are not gonNa go through the network themselves. Stu Sit them down and you do this every now and again and you also do this with all your new heights as well and that is the best way of growing the business. I not Kennedy instill discipline or on structure. I want to move onto the second there. What's the second pillar so really. Autonomy is the secret to a happy team and treating people like adults trusting them in delegating your team should be making decisions driving things not you in terms of like them driving things in the accountability around that how do you think about the accountability and then and also kind of goal setting in setting ambitious enough goals that reading Konta get but then also not too hard that if they don't get them that disincentivize how do you think the balance and structure of KPI KPI setting associated tomorrow you know what we do is the leadership team gets together and we'll figure out the company. Oh chaos the start of the year and we achieve the same okay as a whole and that includes the revenue number but it also includes a number of things that we're working towards and then there's just say we look at Marketing Chaos Matt I'll. CMO will take those company. Okay ause and he will show them to his team and they are the ones that come up with their own chaos and she'll matt proofs them but the key thing is to get people involved and making the decisions as to their own targets them feeding the ship around next one wants pillar three Torri transparencies off that bill to be clear. We are transparent in all areas by default aside from compensation performance in builds mutual trust. Let's destroy draw from the wisdom of the crowds unless operate more efficiently transparency is key totally with you on transparency being key Jessop at on the show before and he mentioned that an interesting element yeah. I didn't even think about what she's especially in fundraising an accident situations. How do you think about transparency in those situations especially in fundraising for example a unit morale can component when it takes longer say investors coming in or a lot of meetings happening not transparency around these conflicts financing events. It's a a tricky balance. I think what you have to be wary of is distraction so you should be transparent but giving people the minute by minute play by play. A updates of the funding round is just going to distract them so the balance that we analyze funding round was we just had every couple of weeks doing updates the company and in that update. I was very transparent. I'd be like this is going well. This is not going well. This is what investors care about this is where we can improve and I think that's the right cadence for unrelenting. Okay Okay Nice one. Let's hit at number four okay so feedback culture giving and receiving feedback and I crave feedback. It's a gift I've I found. It's the only real way to grow not objective enough about myself to grow without. It agreed in terms of feedback being a gift. Can I ask what did you do internally to create an environment arm where people feel safe enough to give maybe raw unvarnished feedback which in most cases the mace constructive. Is there anything that one can do to make people feel open enough to shatter that extent yeah. There's a real skill to giving and receiving feedback and we could do the whole podcast about this fundamentally. There are two steps and I recommend reading a book called Radical Canda on this the first step. Is You need to have a real genuine relationship with each other such as the person you're giving feedback to really trusts the have the best interest in mind mind. You gotTa have that Real. Genuine relationship second is that you need to be absolutely candid state. The facts say the story in your head. Don't sugar coat it. Things make people feel better just doing them a disservice by watering down the feedback. That's what I see. The most is manages operating what I call ruinous empty where they should go their feedback ordering. Give it because they're afraid of upsetting people really. You're just hurting them. If you do that can ask and this is. Maybe a little bit possible so say if if so have you ever struggle with being people pleaser something that I definitely struggle with in trying to change. Have you ever started with it and in the team and how do you kind of advise and think about losing leasing that desire to please people you know I haven't have you ever heard of any grams no haven't type of psychological tests and we recently just done them in the company and I'm at eight wing seven and it's a really good way of understanding yourself. I recommend you do it especially. If you're trying to walk on that. I'm not sure that you have to try the and change fundamental pieces of your character like that I would just try to Meld them into whatever you WANNA do in life by I'm eight so the ages the Challenger so two eight zero less worried about some of the additional people pleasing got it listen. I'M GONNA D- test for sure. I'm going to send you my results. I do want to discuss the nice one and I'm super passionate about wanting to what is the next one meter health to health is number one and I think the issue with the idea of what life balance is it really plays to a diametrically opposed. I further idea what life.

founder Alex School Tacoma deloite Gillette Alex mccaw Alex Love Company twitter China Dan Twitter valuating Cana engineer Keith Thanh Shari Silicon Valley Bellas Harlem Canada
"adam bain" Discussed on The Stock Podcast | CEO and CFO Interviews

The Stock Podcast | CEO and CFO Interviews

03:44 min | 1 year ago

"adam bain" Discussed on The Stock Podcast | CEO and CFO Interviews

"The freed read family has to raise a million dollars in order to pay for just this first hurdle in addressing maxwell's disease they really need your support and any help would be much appreciated appreciated so anyway back to this week's guests they agreed to come onto the podcast to talk about their investment philosophy that they've developed over the past well couple of decades because they've been investors for a long time in addition brad slugger. Len writes a weekly newsletter. It's cold stuff. I thought about last week and it's an awesome newsletter the former c._e._o. Of twitter adam bain even said and i quote brad sling orlands stuff i thought about last week is the best i read your not subscribed to without further ado let's get to brad slinger land britain john's from n._c._i._s. capital brad and britain. Thank you very much for coming on the program. Thanks for glad to robinson's jeff emig pleasure so could we start out with your background yeah. The short version is i worked at the janus capital. Which is the large meeting with one company for about seventeen years actually started on the phones there. You're <hes> and then became a research associate. Individually an analyst brad was one of my bosses analyst and then the visually started a manage the tech team in the end means or folio in brand new somewhere along came peers and really i began to understand very quickly that we could think well together without better together in some instances than we thought apartment each other and out of that over a long long period of time and a lot of frustration a lot of mistakes in investing came sort of a unified investing loss feat that made a lot of sense to us suits quick background created. This is brad. I started act chairs. Gentleman's nudging henderson also in in nineteen ninety eight as a summer intern serve their full time in two thousand. I got him experience euphoria of the last couple of years of the dot com com crash and then our started as a small cap journalists a bunch of sectors always a little bit attack but anything entertainment to retail healthcare <unk> anything under about to market cap and then starts which is tech two dozen three alice t techy ons which style now joined it as well but after that and managing the global tech fine starting to doesn't <unk> bring <unk> spin off onto onto the <unk> brief disruption division for you guys talk a little bit about what you're doing today after leading janice in in starting your own fund right yet so we're real excited earlier this year we formed <hes> n._c._i._s. capital and i'll take a minute to explain what the z ask stanford because it's not obvious but one of the pillars of our investment framework is <hes> is really looking for companies that create win win outcomes for not just shareholders but for their employees their cars also the environment excited large and so is the ss inactive bernanke zero some non zero-sum outcome in game theory but it's how the world when you're creating a non zero sum positive outcome everybody's winning and often times accompanies creating more value.

brad brad slugger brad slinger analyst janus capital adam bain Len maxwell twitter jeff emig britain janice bernanke research associate intern Gentleman robinson henderson john million dollars
"adam bain" Discussed on First Take

First Take

14:53 min | 2 years ago

"adam bain" Discussed on First Take

"Interest. You're making very good points. I assume I presume that Kyrie's people, you know there are people call them peeves. We'll we'll call Danny ages people. It's not Danny's directly and be like, look, we're going to need certain protections, these things we're going to need. If it comes back then of course you have to go get leverage. I'm assuming he's not going to have to go get what I'm saying to you is you can't assume that while in the same breath praising Danny age until the cows come home about how he continuously positions himself and the Celtics to have the leverage, I'm saying, doesn't bother what you're saying about ring. The good point you're bringing up. Is that part of what makes any angel great GM is he sees the players commodities. I mean, you want to have relationships and all these things, and supposedly that was the case with Thomas. Then he got moved out and that was the right move. So you're, you're saying, hey, kyri don't allow yourself and he won't be treated like a commodity, which is precisely what a great GM does. And the irony is that's what part that's part of what makes the Celtics attractive. They haven't great GM. So the team will always be good if kyri can't get max steel and certain protections against being treated like commodity from Danny age, he has to get leverage. Think he's gonna have centers? Are we? We both recognize kyri Evers superstars this special? Do you understand that the Boston Celtics go into the conference finals with without him. They're going to the conference finals with the warriors that, but they're going to cover spotters with out him. I'll tell you that is the leverage that Danny age. Many Tron have as the leverage kyri Irving must not allow him to have, and that's how you test free agency send you quit the next, but I'd like to see them go there max. All right. KAI retold are racial Nichols, how hard it was to be on the bench last season, but was able to see the positive and is grateful that his young teammates got that time to grow and more playoff experience without him. Gordon Hayward on the court. Let's just say he's got serious squad goals. This is has the most town play with from one through ten as well as our guys come off the bench is like we can literally throw in. Fill in who we want when we want, and it still has to be kind of the Celtics tradition. Like we're going to uphold like defensive efficiency offenses. We're going to move the ball so one to be a championship team in order to do that. It takes everyday commitment and to get to the top of Mount Everest takes a lot of sacrifice. I just want to know I'm in clown for using the word squad goals. Why is that terrible? I'm not cloudy. I'm just saying, I haven't heard anyone. Squad. Where in about a using modern would that's all they knock, you fought. I, I always wanted brothers and then I got stuck with you. All right. Let's keep going. Do you like Harry saying that the Celtics can beat the warriors evening. I love it. Let me be on record and say this right now today, if I had to bet my money, it would be on Golden State that might change by this by before the season ends. I happen to believe that the boss is going to the finals more importantly, I happen to believe that the only team that has a shack at beating. Golden State works. We know what else will beat the Celtics. I think that the Celtics are the second best team in basketball. I think before the season is over, they may be number one. I think the Boston Celtics are the only team in the NBA who could possibly beat the warriors. Does anybody think, oh, fairly to constructive. I think they are the only team when I look at their link, their athleticism did defensive prowess. There coaching did death the you. The combination of all those things with the re and this is what the return of Carvey and Gordon Hayward. Obviously, I don't think there's any question in my mind. I would be willing to guarantee the NBA finals between Boston and Golden State would be a seven game series a seven game series, and it would cut down a who the has. That's how I feel about the Boston Celtics who else is beating the warriors besides the raptors could do it. I'm not sure that the Celtics make it the finals, but I agree the Celtics might be the best team in basketball to me the only two real threats to the warriors are both in the east. It's the Celtics and the raptors, and I also I'd love to disagree with you. It's usually very easy because you're usually wrong. In this case you happen to be right. There's nothing I can do about that. Nobody's your jewelry. To Houston, Chris, Paul, Houston this year. But before I want to get into that because I also love what kyri reset. I wanna talk about that a second. It's no surprise that the teams that look threatening to the warriors are the Celtics member. I said, the best GM in basketball. Danny Nobu other best. GM's and basketball are competing with Danny Ainge. And my Jiri or head of basketball operations Jiri and and age and Maury or the three a lot. But I'm not giving him nut level of property. You couldn't figure out what listen you can live. You can lose a LeBron. James just don't get swept. Okay. JoJo. As as a GM in Canada, their taxes, there's there's passports. That was the players aren't rushing to go up there. He constructed a team from nothing after the same thing in Denver. Look at Toronto. Now with Coalisland I did not say good. Let's get sidetrack. The thing about that. I love that you. I said here, we're going to lose. If you bought a passing or it's fitting that that I love the kyri did here is guys like me taking shots when he was in Cleveland. Look, he's an offensive weapon. I don't know if he's more than that. He just quietly simmering under the surface. Like I'm gonna show everybody. He leaves LeBron James. I was saying he's never gonna be the best player in a championship team. He may be about to prove me wrong. He is on a great team. He's the best player on that team. He had that quiet confidence the entire time, and now he's coming out and saying, we're the best team. We're going to beat the worst. I think he might be right. I'm not sure that I favor the warriors over the Celtics right now. That said, I don't know that I favor the Celtics over the raptors. I got to see a little basketball for need to kyri is right when he says they're the best team best book give every right to think that way I'm telling you right now. When I look at the Boston Celtics, I'll see a complete team devoid of any real weaknesses. As far as soon, the fact that you got a guy Al Horford who can pull opposing big men away from the basket and shoop. Perimeter shots as well. Not to mention the fact that you defend the link of Jalen Brown with Jason Tatum. I can't emphasize enough. We know that Gordon Hayward, the logistics. We know that kyri Irvine condense on anybody, and I got mad love and respect for both Marcus smart and Terry Rozier and this kid, Adam, Bain, you know, Aaron, Bain, real tough to rough in rugged, willing to bang and the coaching is clearly exceptional. We get all of that. So I'm not thinking about anybody else in the Eastern Conference other than the Boston Celtics. Notice how carreer visit said the Golden State Warriors even mentioned the Brown and the Lakers. Why would you. No western only wanted to marry has born I'm seeing is I'm, I'm highlighting that to point out to point out how big time has moved was to want to leave Cleveland because here we are with Cleveland, not winning the championship last year. And now we're talking about Kharian the east and we ate even talking about LeBron and the west in terms of championship this year. I can't hanging onto Toronto after having Kurai they got, but still I came to the rally. And the Celtics between the, they had a better record in the Celtics last year. And between those two teams, the best players onto Nasmyth enough, Tom eating crow for your raptors pick last year. I want you to know that computer execute twelve point, four p. operation. Optimizing algorithm running encryption, packet alpha, Knight Knight. I don't feel so good. What? What is it computer? Is it hot in here? It feels hot in here. I feel a little clammy. I should lie down or something a computer with a virus. Surprising. What's not surprising how much you could save by switching to Geico those oysters. Rockefeller were a mistake. Geico. Fifteen minutes could save you fifteen percents or more. Right now, the Collins, as we get ready for week, four of the NFL the contract, this people running back Levy on bell, and the Steelers continues. Bell is holding out and refusing to sign us franchise tender, fourteen point, five million dollars so far. He's four fifty two point six million dollars by missing Pittsburgh's. First three games are Steelers, reporter, Jeremy. Fowler with the latest coach. Mike Tomlin was terse. When asked about Bill. He said, I'm not talking lady on. There's nothing new to at, and that is mostly true. However, I did speak to a source close to Bill and they said that lady on plans to play this year that plants can change, but he wants to play and MRs playings it's a fluid situation. He's taking this week to week. No decision has been made on win. He'll show up. In fact, he contemplated coming in as early as week two and change course on that. And as for trade speculation Bill, does wield some power here? This is interesting. He has to sign his franchise tag, tender, a fourteen point, five million before the two. Teams can execute any sort of trade. And so at the Steelers come to him with a proposal, he doesn't like it or he doesn't like his potential new team. He can sit back and sunny south Florida. Wait it out and dictate terms. Thank you to every now former feelers lamb Becker. James Harrison was asked about the situation in an interview with that one and set the following. If I'm Levy on, I'm gonna go in there. I'm gonna get my credit this season that I need to get. I'd give you everything at practice, but come Saturday something right. I can't play on Sunday because if I go out here and I messed something up, I'm losing a lot of money. Now back to I take. This is getting messy Forber linebacker. James Harrison says, lady on bell should return to the Steelers. Fake injury, Stephen, how do you see this ending up? First of all. I see it ended up with Levy Bill, coming back, ten, let the still is trading. It's gonna come back for week ten against Jacksonville on November eighteenth when he he's eligible to come back. He'd come back four, but that's the latest he's allowed to come back. He will be back if he comes back. I think that again, like I told Ryan Clark and max early this week. I don't think it's going to be a max effort, but I don't think it's going to be intentional. I think he's somebody that's going to be playing scared to get hurt. He's not gonna play reckless abandon because he knows that he's eligible for free agency in twenty nineteen, and he can't be eligible for free agency unless he returns, which is why I don't understand why we treat it. Like is breaking news. He's gonna play at some point, of course, is going to play because if he does it play, he's not going to be eligible to be a free agent at twenty nineteen nerve agent. So I don't understand that. Now let me say this, what James Harrison suggested is unethical. It's. It's almost criminal for him to say what he said. Sports perspective. But it also happens to be right. Believe it or not. And here's what, because the NFL and what it's allowed to do, the play as criminal. If you can sit there and find a way to literally go about the business max point out as he has on several occasions, manipulating somebody's value to the point where you could franchise tag them and hold them hostage for one year. You can franchise tag the second time and hold them for nothing without giving them a long term deal, and then you that gets them to further minimize value based on the Duffin, their birth certificate, a low, like they do run a backs. I can't blend as as I hate the fact that James Harrison set what he said. I don't like it one bit, but I can't blame him because of the minion that NFL the NFL as a league and teams themselves have over these players, ten, that's where I'm I can understand that thought process. I understand where James Harrison is coming from. I can even understand the situation that Levy on bell is in right now. Of course he's gonna come back. You're right? Absolutely. Right. Stephen, a, he has to come back to get this year so we can move on with his career, but I, I want you to. I want you to think about if you were a member of that Steelers. I mean, they're, they're your team. So a member of a member of that Steelers team in that locker room, if Levy on bell were to come back to that team and then do what James Harrison suggested and believe me when when this happens. I mean, I've been on a team before where I've seen someone we've even known. We've talked about it where that guy's not really hurt. He just hanging out a little bit to get a check for a couple more weeks. Yes, I've seen it. I've seen it personally, but. This would be someone coming back and then you know what happened when Levy I'm Bill, comes back. He has to take a roster spot a roster spot for somebody that possibly may be bumped down to practice squad or ends up getting released or something like that. So somebody that was giving his all to that team is now not there, and then he would come back and then show such a level of selfishness to everyone in the locker room. It would affect the mentality in the locker room. You see how emotionally explosive this team was when they thought he was gonna come back and then he didn't come back and then the reactions from the offensive line, can you imagine if you pull this act and practice all week and then Saturday, something was wrong. And then all of a sudden the team thinks he's going to be there on Sunday, but all of a sudden he's not how unstable that will just bring everything back to the surface and how unstable emotionally that type of action would cause. Now. You've got to realize that if you're the Steelers, if this is possible to do, I would hope that when Levy on bail came back and he had to play six games, which I think it is that he gives that Steeler team in that organization and those fans six games that they deserve of one of the best running backs in football, and so other teams can say to themselves. Well, this is a guy that we want one when he becomes a free agent. Let's go get this guy because we went in there. We understand the difficult situation he was in, but he still did what he had to do. That's what way I would like to view Levy on Beleza football player, look. How how do you

Celtics Boston Celtics Levy Bill Steelers James Harrison basketball LeBron James GM Gordon Hayward Golden State Warriors raptors Danny age bell Cleveland Danny NFL Toronto Stephen kyri Evers kyri Irving
"adam bain" Discussed on Recode Decode

Recode Decode

02:40 min | 3 years ago

"adam bain" Discussed on Recode Decode

"This is Stewart Butterfield who the CEO. Yeah. I mean any why we started angels with all women is, is oddly enough that I think the other five women I started with are really damn smart. Yeah, in really good Adam, Bain in there. Let's say, you know, like he's smart too. Yeah, but there is a there is a camaraderie and kinship that comes with being, you know, perhaps the only woman in the room in your own room an in knowing those other women who were having experience. Absolutely. I mean, I every company I've worked at, I've I've come away with number of of connections that are quite deep with other women there, and I'm, you know, there's no doubt it's it's due to shared experience. You know, I feel really fortunate today to get to be a leader at a company that is focused on that that has focused on diversity and inclusion since early on. I mean founders and just people in the world often asked me and what should we. We do about deny, and of course you know the the truth is I don't consider myself an expert in it, but because I'm a woman, I do get asked about that. And you know the, the main thing that that we hashtag angels would tell our founders is to start early, start focusing in on early and and I think that you know slack is I, it was a factor in joining slack. Slack is a company that has done that. They've already done the first report an offer transparency into into them ploy base when I joined. And you know, we've partnered quadrupled since then and we continue to do we what kind of grade would you give yourself slack? You know, we're tough graders on ourselves, you know, I wouldn't. I'm not considerably pegged to single number. What I will say is we've always focused on it and there's always more work to do. And you know, not only do we want to have an we want. We want to have an employee base that's as Representative as we possibly can of of our customer base of the populations of places where we've offices like all of that sort of stuff. But we also we want slack, we. Definitely want to avoid slack being a place where people would decide to exit from the industry and and that's the piece. I think a lot of companies are thinking about now which is like even if you manage to do the work to get the right people in place, how can you make sure that they successfully absolute? Probably. I mean, besides, I think people get the issue recruiting people, I think getting people to stay, I think, or providing management structure around them to be able to succeed and look at my career. I mean, I I have, I have made changes over time, and I wouldn't say that that was directly the founder that there was like some environmental along the way that was really bad that there have been times at which it is felt like the growth opportunities outside of the company. Right, has changed in Silicon Valley, not just for women people color..

Slack founder Stewart Butterfield Bain CEO Adam Representative
"adam bain" Discussed on The Twenty Minute VC

The Twenty Minute VC

02:33 min | 3 years ago

"adam bain" Discussed on The Twenty Minute VC

"And just I think that was a big inflection point for me to just like, really, it's okay to stand up for yourself and do good and believe in yourself for sure I can agree with evil that it's more important to be uncouth. Who is found exactly, but that tell me the biggest lesson from having Adam Bain on the board atom is so special. He knows every single person out there. I mean, I threw a crazy name at him asking if he knows someone for an intro and he's probably two degree separated from every single person not just in tech, but in media, etc. So he's been so special and especially since he scaled Twitter from a small company to a huge public company, his experience with all things, people HR technology are just invaluable. Now. I mean, I would be lying if I said he was a little bit of a hair idol to me. I want to finish today on the next five years view on the exciting roadmap ahead with goat. Yes. So for go, we really see the opportunity to be the next generation sneaker retailer. I mean, if you go into a sneaker retailer today, there's about two hundred shoes that you can buy. And those are shoes that didn't sell out that are just kind of the sale items. That they couldn't move compared to going to go today. There's over twenty five thousand different shoes that you can purchase right now. And so for us, we see I party retail sales and third party marketplace sales really combining because this day in age and in Sumer wants selection, they wanna be unique than they want choice. So having a huge variety and a huge catalog of sneakers allows us to be that next generation sneaker retailer because you don't want to just by this, here's Jordan's. You might want to buy laster shortens or the year before. So that's the biggest opportunity for us going forward. Eddie allies that I had so many great things reinvest is it's been such a pleasure having you on the show. So thank you so much for putting up with my tells at British times today. Thank you here. I have to say, I did just love having any on the show that and some fantastic stories. And if you'd like tame more from Eddie Yukon on Twitter at Eddie Lou. Likewise, it'd be great CU behind the scenes here on the twenty minute VCU can funds on Instagram at h. dubbing nineteen. Ninety-six again, a big house. The one full Greg Beck Nellie front for the insured to Eddie stay, so appreciate that. But before we leave each day, so you told your standards the too high. Well, the league is the app that tells you to keep them that way. They know you'll time his volleyball, so simply telomere preferences and they will handle the scouting and vetting for you plus even better. You will only be seen by people who match. You'll preferences choosing spun off to twenty one days..

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