Elad Gil How to Identify Interesting Markets - [Invest Like the Best, EP.101]

Published: Aug. 28, 2018, 9:30 a.m.

b'My guest this week has a fascinating background. He has a PhD in biology but has split his time as both an investor and an operator. As an investor, he\\u2019s involved in companies like Airbnb, Coinbase, Instacart, Opendoor, Stripe, Square, and Pinterest\\u2014not too shabby. As an operator, he helped both Google and Twitter scale their businesses, in the case of Twitter from 100 employees to 1500 over two years. He\\u2019s just written a book about these experiences called the High Growth Handbook.\\xa0\\n Our talk centered on what makes for a good investment and more specifically how Elad identifies an interesting market. Operators and early stage investors will find lots of nuggets in this fun conversation. Please enjoy.\\xa0\\n For more episodes go to InvestorFieldGuide.com/podcast.\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.\\n Follow Patrick on Twitter at @patrick_oshag\\n \\xa0\\n Show Notes\\n 1:31 - (First Question) \\u2013 Process for evaluating a young business\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 2:43 \\u2013 Andy Rachleff Podcast Episode\\n 3:09 \\u2013 Data factors for evaluating a business\\n 5:08 \\u2013 Reference checks\\n 6:42 \\u2013 Advice for companies that are reliant on product cyclicality\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 7:01 \\u2013 Where to Go After Product-Market Fit: An Interview with Marc Andreessen\\n 7:31 \\u2013 High Growth Handbook\\n 9:30 - \\xa0 Lessons learned from marketing and growing companies\\n 12:09 \\u2013 How do you hire the best people to improve your distribution\\n 13:16 \\u2013 How does he think about lifetime customer value vs customer acquisition cost\\n 15:57 \\u2013 Should companies just focus on the high margin power users\\n 16:35 \\u2013 Best ways to organize a company hierarchy\\n 19:16 \\u2013 His interest and background in the area of longevity research\\n 21:52 \\u2013 Changes he has made in his own life as a result of this longevity research\\n 22:56 \\u2013 Most effective use of a CEO\\u2019s time\\n 24:58 \\u2013 How he evaluates or identifies interesting markets for potential businesses\\n 28:03 \\u2013 Any markets that fit his criteria that are underappreciated by investors\\n 30:02 \\u2013 Worst practices for businesses\\n 32:19 \\u2013 Kindest thing anyone has done for him\\n 33:20 \\u2013 What would be the topic of his next book\\n 34:40 \\u2013 Biggest lessons he\\u2019s learned about markets\\n \\xa0\\n Learn More\\n For more episodes go to InvestorFieldGuide.com/podcast.\\xa0\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub\\n Follow Patrick on twitter at @patrick_oshag'