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Acquired

Acquired Season 3 Episode 7: Venmo (live with Andrew Kortina)

Acquired

Ben Gilbert and David Rosenthal

Venturecapital, Ma, Investing, Acquisitions, Startups, Vc, Investment, Business, Technology

4.82.9K Ratings

🗓️ 29 October 2018

⏱️ 73 minutes

🧾️ Download transcript

Summary

Ben & David are joined by special guest and Venmo cofounder Andrew Kortina for our first-ever SF live show! In front of a packed house we chronicle the journey of how two freshman-year roommates from Penn turned a healthy obsession with Craigslist and a fake podcast into an app that facilitated $17B of payments last quarter alone, producing not one but two landmark acquisitions along the way!

Note: the audio quality is a little rough due to some A/V issues at the live show. We apologize!

Sponsors:
Vanta: https://bit.ly/acquiredvanta

Statsig: bit.ly/statsigacquired
Modern Treasury: https://bit.ly/acquiredmoderntreasury


Carve Outs:

Transcript

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0:00.0

Hey acquired listeners, we have a big announcement today. We're launching a bonus show.

0:06.0

For five dollars a month you can become what we're calling a limited partner and get access to

0:10.4

it.

0:11.6

And for those of you who know or are googling the term limited partner, we hope

0:15.9

you like our creativity on the name. We're excited to use this new format to cover all sorts of things that don't fit into our normal episode format and dive deeper into a lot of company building topics.

0:28.0

Our first LP Bonus Show is on the jargon of what venture capitalists say and when words don't just mean what the

0:34.3

dictionary says they mean. We've covered some great ones including sideways

0:38.6

credible and I know this is David's favorite not raising right now.

0:42.4

Always a fan favorite. this is David's favorite, not raising right now.

0:43.3

Always a fan favorite.

0:46.9

So we are super excited about this,

0:49.3

not only because it'll give us an avenue

0:51.2

for creating more types of episodes, which we've been wanting to do for a long time

0:55.9

But because it'll give you guys a way to support the show and help make it even better

0:59.5

So to date on acquired we've plowed every dollar we've ever made right back into the show,

1:04.8

better equipment, software, ads, travel, etc.

1:07.7

And we're going to continue to do the same here, which we think will really take things to the next level.

1:13.0

If you'd like to become an acquired limited partner,

1:15.0

you can click the link in the show notes of your podcast player of choice

1:19.0

or go to Kimberlight dot-F- M slash acquired.

1:22.8

That's KIM BER LIT. F M slash acquired.

1:29.2

And with that, on to the main show. Welcome to Season 3, episode 7 of Acquired, the show about technology acquisitions and

...

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