Platforms and Power (with Hamilton Helmer and Chenyi Shi)

Acquired

Ben Gilbert and David Rosenthal

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

4.8 • 2.9K Ratings

🗓️ 6 April 2022

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

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Summary

We sit down once again with one of the world’s very best strategy thinkers, 7 Powers author Hamilton Helmer — this time joined by his impressive Strategy Capital colleague Chenyi Shi — to discuss platform businesses, and how the Power framework applies to them. If you’re building, investing in, or just curious about the dynamics of platforms, this episode is a must-listen. We owe a huge thanks to Hamilton and Chenyi for sharing their work-in-progress insights on this very special category of companies. Tune in!

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

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

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‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

Transcript

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0:00.0	Hey, acquired listeners, we have some fun news for you following hot on the news that we
0:05.6	are doing a freaking arena show, arena so I client pledge arena in Seattle.
0:12.9	We are here tonight to announce the very first guest that will be joining us for that
0:17.9	show.
0:18.9	Ben, who is it?
0:20.2	It is fresh off his full page profile in the New York Times this weekend, Jim Weber,
0:26.6	the CEO of Brooks running.
0:28.8	We wanted to have a really fun local Seattle success story, but I think most people have
0:34.2	no idea the magnitude of the success story here or Jim's personal stories is fascinating.
0:40.7	We want everything we do for this event to like literally check all the acquired boxes.
0:44.6	This checks all the acquired boxes.
0:46.9	Berkshire Hathaway.
0:48.2	Berkshire Hathaway, a people who don't know Brooks running is a very successful now standalone
0:52.5	division of Berkshire Hathaway, local Seattle story, amazing, amazing journey.
0:59.8	What they went from under Jim, they went from like, a small number of millions of revenue
1:05.3	to over a billion in revenue a year competing with Nike and Adidas.
1:09.2	They were like accidentally bought by Berkshire as part of a fruit of the loom roll-up and
1:14.4	they were sort of this bland nothing brand and by unbelievable maniacal focus on making
1:19.7	fantastic running products.
1:21.4	That is how they became the billion dollar business that they are today.
1:24.9	Not to mention Jim battled cancer along the way like so great.
1:29.6	And when you say billion, by the way, we should say billion in revenue, well, like this
	...

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