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Invest Like the Best with Patrick O'Shaughnessy

Blake Hall - Combat, Service, and Innovation - [Invest Like the Best, EP.408]

Invest Like the Best with Patrick O'Shaughnessy

Colossus

Investing, Business, Technology

4.82.4K Ratings

🗓️ 28 January 2025

⏱️ 102 minutes

🧾️ Download transcript

Summary

My guest today is Blake Hall. Blake is the co-founder and CEO of ID.me, a secure digital identity network with over 100 million members. He was an officer in the United States Army and served our country for four years as a a rifle platoon leader, the battalion reconnaissance platoon leader, and as the battalion logistics officer. We explore his formative years in the military and transition into entrepreneurship. Blake shares powerful stories from his time leading scout sniper missions in Iraq, including how his unit achieved a 90% success rate in high-stakes operations through relentless preparation and learning. He shares the origin and evolution of ID.me, a company dedicated to verifying digital identities to combat fraud and simplify login experiences. We also discuss the role of identity in the modern economy, frameworks for building company culture, and evaluation of executive talent. I am ridiculously inspired by Blake, and I am so grateful for him and all of the Americans who serve our country. Please enjoy this discussion with the brave and courageous Blake Hall.  For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- 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. Ramp is the fastest-growing FinTech company in history, and it’s backed by more of my favorite past guests (at least 16 of them!) than probably any other company I’m aware of. Go to Ramp.com/invest to sign up for free and get a $250 welcome bonus. – This episode is brought to you by Alphasense. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Imagine completing your research five to ten times faster with search that delivers the most relevant results, helping you make high-conviction decisions with confidence. Invest Like the Best listeners can get a free trial now at Alpha-Sense.com/Invest and experience firsthand how AlphaSense and Tegus help you make smarter decisions faster. –  This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.  Follow us on Twitter: @patrick_oshag | @JoinColossus Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes: (00:00:00) Learna bout Ramp, Alphasense, and Ridgeline (00:07:48) First Combat Experiences (00:09:30) Leadership and Responsibility in Combat (00:13:28) Lessons in Leadership and Grit (00:18:32) The Importance of Credibility and Skill (00:22:05) A Defining Moment of Leadership (00:28:52) Transition to Civilian Life and Founding ID.me (00:50:27) Understanding Identity Through Time (00:51:08) Telecom Networks and Bad Actors (00:52:38) Moving Away from Passwords (00:54:13) The Trust Graph and Source of Truth (00:57:25) Digital Wallets and Government IDs (01:07:11) Challenges and Security in Digital Identity (01:21:36) Leadership and Company Culture (01:33:53) The Kindest Thing Anyone Has Ever Done for Blake

Transcript

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0:00.0

We're excited to tell you about Ramp's latest and greatest, Ramp Treasury. You know Ramp as

0:04.4

the spend management platform that's revolutionizing how businesses handle their expenses. Now they're

0:08.8

tackling another critical challenge, helping businesses earn more from their cash while maintaining

0:13.6

complete liquidity. With Ramp Treasury, you can earn 2.5% on every dollar in your business account,

0:18.8

with no fees, no minimums, and unlimited same-day

0:21.5

ACH transfers.

0:23.0

But here's what's exciting.

0:24.0

They've solved the traditional trade-off between earning yield and maintaining liquidity.

0:28.0

You get both.

0:29.1

For businesses holding significant cash reserves, Ramp Treasury offers FDIC insurance that can

0:33.9

protect multi-million dollar deposits.

0:36.4

Plus, their smart automation tools help you optimize

0:38.7

cash flow and save hours each week on cash management. What I love most is how they've thought

0:43.4

through the real problems businesses face. Their same-day payment settlement means you know exactly

0:47.8

when vendors receive payments, no more waiting in limbo. And they'll automatically alert you

0:52.0

if your balance won't cover an upcoming bill.

0:54.5

To learn more about how Ramp Treasury can help your business, earn more on its cash while

0:58.5

maintaining complete control, visit ramp.com slash treasury.

1:02.6

Ramp Business Corporation is a financial technology company and is not a bank. All bank services

1:07.2

provided by First International Bank of Indiana, member FDIC.

1:15.3

As an investor, I'm always on the lookout for tools that can truly transform the way that we work as a business. Alpha Sense has completely transformed the research process with cutting-edge

1:19.9

AI technology and a vast collection of top-tier reliable business content. Since I started using it,

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