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b'My guests today are Ben Gilbert and David Rosenthal. Ben and David are investors but also the duo behind the Acquired podcast, which is one of my favorite podcasts that dives deep into business history and famous acquisitions. I recommend you check it out.\\n In this conversation, we review of some of the greatest corporate acquisitions of all time and also discuss investing lessons Ben and David have learned across their careers. I hope you enjoy my conversation with Ben and David.\\n \\xa0\\n This episode is brought to you by Koyfin, one of the fastest growing fintech startups. I discovered Koyfin earlier this year when I asked twitter for the best Bloomberg alternative, and the overwhelming winner was an intriguing new product called Koyfin.\\xa0\\n Koyfin has tons of high-quality data, powerful functionality, and a nice clean interface. If you\\u2019re an individual investor, research analyst, portfolio manager, or financial advisor, you should definitely check them out. Sign up for free at\\xa0koyfin.com\\n \\xa0\\n This episode of Invest Like The Best is also sponsored by Assure. Assure is changing the way investors manage private transactions.\\n \\xa0With\\xa0Assure, investors can eliminate nearly all the admin cost of private investment. On top of that, they handle all the backend, legal, taxes, accounting, and compliance.\\xa0All of it, with a straightforward one-time fee.\\n Learn more and try Assure for yourself at https://www.assure.co/patrick.\\n \\xa0\\n For more episodes go to InvestorFieldGuide.com/podcast.\\n Sign up for the book club and new email newsletter called \\u201cInside the Episode\\u201d at InvestorFieldGuide.com/bookclub.\\n Follow Patrick on Twitter at @patrick_oshag\\n \\xa0\\n Show Notes\\n (2:29) \\u2013 (First question) \\u2013 What they look for in new founders based on more experienced managers they\\u2019ve worked with\\n (5:07) \\u2013 Difference between emerging vs legacy market\\n (9:17) \\u2013 Research steps to determine if a market can get big enough to invest in\\n (12:08) \\u2013 Working with other firms for doing an initial investment round\\n (15:42) \\u2013 Recent trends in the supply of capital and number of founders in the VC space\\n (18:56) \\u2013 Lessons they have learned studying corporate transactions\\n (24:13) \\u2013 How do startups transform once they are acquired to increase their multiples so much\\n (28:10) \\u2013 What they learned from deliberations that take place within the acquiring company\\n (30:39) \\u2013 Most interesting deal for them to unpack\\n (32:44) \\u2013 What are features of a business that is difficult for others to replicate\\n (35:52) \\u2013 Any company that are intimidated to go up against\\n (37:37) \\u2013 Who would they follow\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 (38:52) \\u2013 Blake Robbins Podcast Episode\\n (39:09) \\u2013 Missing pieces in their skill set\\n (41:43) \\u2013 Early green shoots\\n (44:40) \\u2013 Lessons from Alaska Airlines acquisition and the value of scarcity\\n (47:07) \\u2013 Kindest thing anyone has done for them\\n \\xa0\\n Learn More\\n For more episodes go to InvestorFieldGuide.com/podcast.\\n Sign up for the book club and new email newsletter called \\u201cInside the Episode\\u201d at InvestorFieldGuide.com/bookclub.\\n Follow Patrick on Twitter at @patrick_oshag'