Standard Oil Part II

Acquired

Ben Gilbert and David Rosenthal

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

4.8 • 2.9K Ratings

🗓️ 18 October 2021

⏱️ 141 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We bring the epic saga of Standard Oil and John D. Rockefeller to a close (for now) with two of history's greatest second acts: Rockefeller's pioneering of modern philanthropy (and really modern life itself), and perhaps the single greatest shareholder value "unlock" of all-time in the breakup of Standard Oil. And like any great American saga, of course the good guys win in the end. The only question is... just who were the good guys??

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

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

Links:

Titan by Ron Chernow: https://www.amazon.com/gp/product/1400077303/
Episode sources: https://docs.google.com/document/d/1PzIts5VVgKhE70sAeHnLKcmDktTkXRgEVtuHDktfNCw/edit?usp=sharing

Carve Outs:

The to-be-announced (as of recording) M1X MacBook Pro...
Starfish Space: https://www.starfishspace.com/
Peloton: https://www.onepeloton.com

‍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	Dude, this is going to especially kill you as someone that travels even for like two and
0:06.0	three day trips just with a backpack.
0:07.6	Oh, it's so good to kill me.
0:09.2	Like you're never traveling that way again.
0:11.6	You're checking like car seats and backpacks and I'll see you at baggage claim, my friend.
0:18.2	Oh, my God.
0:20.0	Who got the truth?
0:23.2	Is it you, is it you, is it you?
0:25.2	Who got the truth now?
0:28.2	Is it you, is it you, is it you?
0:30.4	Sit me down, say it straight.
0:32.9	Another story on the way.
0:35.5	Who got the truth?
0:37.0	Welcome to season nine, episode five of acquired, the podcast about great technology
0:41.9	companies and the stories and playbooks behind them.
0:44.8	I'm Ben Gilbert and I'm the co-founder and managing director of Seattle based Pioneer
0:48.6	Square Labs and our venture fund, PSL Ventures.
0:52.0	And I'm David Rosenpill and I'm an angel investor based in San Francisco.
0:57.8	And we are your hosts.
1:00.1	When we last left our hero, villain, unclear.
1:04.2	We saw John D. Rockefeller supporting the Sherman Antitrust Act as a piece of dead on
1:11.2	the vine legislation with really nothing to fear from it.
	...

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