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Acquired

The NBA

Acquired

Ben Gilbert and David Rosenthal

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

4.82.9K Ratings

🗓️ 30 September 2020

⏱️ 165 minutes

🧾️ Download transcript

Summary

On the eve of the 2020 NBA Finals, we dive DEEP into the history and business model of the league behind the world's 2nd largest and fastest growing major sport. How did the NBA grow from merely an excuse to monetize hockey arena off-nights into a global powerhouse with more reach and influence and reach than any other American sport? Tune in!!

If you want more Acquired and the tools + resources to become the best founder, operator or investor you can be, join our LP Program for access to our LP Show, the LP community on Slack and Zoom, and our new live Book Club discussions with top authors. Join here at: https://acquired.fm/lp/

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

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


New! We're codifying our own Playbook notes and takeaways from each episode, and posting them on our website. Check them out at: https://www.acquired.fm/episodes/the-nba


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Carve Outs:

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Transcript

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0:00.0

By the way, I'm excited for this episode. I got this CO2 detector to tell me how many parts per million are in here when I close the door in the studio.

0:08.0

I'm kind of scared of what it's going to get up to based on what my peloton was the other day.

0:13.0

That's awesome.

0:15.0

It may be the case that I actually get dumber toward the end of episodes,

0:19.0

which obviously is bad for a podcast that ends in grading,

0:22.0

but I want to see if that's the case. That's amazing. Welcome to season 7 episode 4 of acquired the podcast about great technology

0:40.0

companies and the stories and playbooks behind them.

0:43.0

I'm Ben Gilbert and I'm the co-founder of Pioneer Square Labs, a startup studio and venture

0:47.4

firm in Seattle.

0:49.2

And I'm David Rosenthal and I am an independent angel investor and startup advisor based in San Francisco.

0:55.7

And we are your hosts.

0:57.8

Today our Tech Focus podcast takes a turn to cover a different powerhouse business, the National Basketball Association.

1:05.0

And whether you have been following the playoffs in the COVID bubble at Disney's wide world of sports or not,

1:11.0

there is no better time for an absolutely exhaustive deep dive on the history and strategy of the NBA than the week of the finals.

1:20.0

So how did David and I get here?

1:21.0

Well, our original plan was to cover the business of the Jordan brand. And halfway in we realized that the story of Jordan is really a part of the Nike story and we want to cover that another time. But as we dug in we realize that there's

1:34.8

actually a great story in the NBA itself and it's one that's very relevant through

1:39.3

an acquired lens how it built itself from very much the underdog of major American sports,

1:45.0

started 50 years later than the others, and now it's the second most popular

1:50.0

sport in the world globally after soccer, or as many of you call it football and it has done so using a

1:56.4

playbook that is very much in the acquired wheelhouse.

1:59.3

Yeah, spoiler alert, it is quite appropriate that the NBA is playing in the Disney bubble right now because

...

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