Intuit: An Operating System for Small Businesses

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[00:03:19] - [First question] - What Intuit does and their various offerings

[00:04:14] - The size and scope of their business lines and customer bases

[00:06:20] - Power to the People; How Intuit was founded 

[00:09:47] - Evolving from Quicken to the core franchise of small business accounting and consumer tax  

[00:13:30] - The value proposition of their products and their economic models 

[00:17:43] - Whether or not Intuit’s offerings have a network effect similar to Microsoft Office

[00:21:56] - The barrier to entry for competition and what makes them so defensible 

[00:26:04] - High level overview of the financials of the business

[00:30:22] - The competitive advantage of their culture and managerial style 

[00:34:49] - Capital allocation historically for the company 

[00:37:09] - The commercial imperative to acquire Credit Karma and Mail Chimp

[00:40:18] - Why acquire Mail Chimp given how different it is from their existing offerings

[00:43:06] - Potential risks for Intuit given the stride towards tax simplification  

[00:45:31] - The key drivers of their growth beyond their expected GDP percentage 

[00:49:45] - Lessons for investors and builders to take away from Intuit