Asurion: 50X Season Two - (50X, S2)

Invest Like the Best with Patrick O'Shaughnessy

Colossus

Investing, Business, Technology

4.8 • 2.4K Ratings

🗓️ 6 June 2025

⏱️ 197 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, we are dropping a special episode in the Invest Like the Best Feed. 50X is back, a fan favorite series from Will Thorndike and the team at Compounding Labs. Will's book, "The Outsiders," is one of the best business and investing books that you'll find. You'll hear him continuing his work in the hosting chair as he looks in detail at investments that have appreciated at least 50-fold.Season two features Asurion. Colossus is excited to partner with Will as he sits down with the management and investors behind this legendary investment. We kick off this special drop with a short interview that I did with Will on everything he learned studying this business, followed by the full three-part series. Learn more and dive into our research at ⁠50xpodcast.com⁠ —- This episode is brought to you by⁠⁠ Ramp⁠⁠. Ramp’s mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to⁠⁠ Ramp.com/invest⁠⁠ to sign up for free and get a $250 welcome bonus. — This episode is brought to you by ⁠Oberle⁠. Oberle is a specialty insurance brokerage providing insurance services to search funds, independent sponsors, family offices, and private equity firms. Oberle supports its clients with a comprehensive insurance due diligence covering a wide range of items, including commercial insurance, Employee Benefits, key person life insurance, and reps and warranty coverage. Additionally, Oberle has a thriving personal lines practice, designed for entrepreneurs seeking a higher-level service and expertise when it comes to insuring one’s home, vehicles, and valuables. If you’re interested in connecting with the Oberle team: ⁠https://oberle-risk.com/50x⁠ — This episode is brought to you by ⁠System Six⁠, a searcher-owned outsourced bookkeeping and accounting services firm that has been a great partner to us at Compounding Labs. With the right modern tools and a strong team, System Six will eliminate headache for you and give you time back so you can focus on growing your business. Whether you're a CEO or CFO stuck in the weeds, or an investor trying to support your CEOs and portfolio companies, reach out to [email protected] mention the podcast for your first month of ongoing bookkeeping free. —- 50X is a property of Colossus, LLC. For more episodes of 50X, visit⁠⁠⁠ joincolossus.com/episodes⁠⁠⁠. Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠). Follow us on Twitter: @50Xpodcast | @joincolossus Show Notes (00:00:00) Welcome to 50X (00:04:52) Patrick interviews Will Thorndike (00:18:16) The Early Days (‘95-‘01) with Kevin Taweel (01:24:44) The Flywheel Era (‘01-‘07) with Kevin Taweel (02:24:32) Retracing the Path to 100 times 50x with Irv Grousbeck

Transcript

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0:00.0	Today we're dropping a special episode in The Invest Like the Best Feed. 50X is back, a fan favorite
0:05.8	series from Will Thorndyke and the team at Compounding Labs. Will's book The Outsiders is one of
0:10.9	the best business and investing books that you'll ever read. You'll hear him continuing his work
0:15.2	in the hosting chair as he looks in detail at investments that have appreciated at least 50-fold.
0:21.1	Season two features Asurion.
0:23.5	Colossus is excited to partner with Will as he sits down with the management and investors
0:27.3	behind this legendary investment.
0:29.4	We kick off this special drop with a short interview that I did with Will on everything
0:33.2	he learned studying this business, followed by the full three-part series.
0:37.1	Make sure to subscribe
0:37.9	to 50X in your preferred podcast player and look out for Will's upcoming interviews on Joyso
0:42.4	Compounding, where he goes into even more behind-the-scenes detail.
0:51.7	An often overlooked pattern among power law companies such as Asurian is an ethic of frugality and cost vigilance.
0:58.6	We relish the story of former capital city's CEO Tom Murphy painting only the two sides of his Albany TV station that faced the road.
1:06.2	While CEOs in the past needed such traumatic examples to emphasize the importance of cost control.
1:11.9	CEOs today are blessed to have a platform like Ramp, which can provide expense visibility
1:16.7	across the entire company in real time. Using powerful software to close books faster,
1:22.4	control excess spending, and facilitate cost comparison. Ramp is the finance partner your organization needs.
1:29.0	On top of cost cutting, Ramp is also designed for efficiency.
1:32.5	The average finance team spends 200 hours per year on expense reports,
1:37.4	time they could be spending on strategic activities.
1:40.4	If you're still manually processing expenses in 2025,
	...

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