All Things Business and Investing

[00:01:13] – (First Question) – The idea of increasing returns

[00:04:35] – Markers that could be a sign of network effect in a company

[00:06:27] – The opportunities for companies to capture network effect

[00:08:46] – Are there certain teams/leaders that are more conducive to leading a network effect company

[00:11:55] – Liquidity quality

[00:13:35] – How important is the revenue model at the beginning

[00:15:59] – Fascination with Nextdoor

[00:18:39] – Finding opportunities

[00:20:17] – Potential marketplaces and assets that could be commoditized

[00:21:39] – Usage yield on the world’s assets

[00:23:50] – Has technology changed the world of value investing

[00:26:28] – Hyper niche marketplaces

[00:27:52] – Challenges of labor marketplaces

[00:30:12] – User generated content businesses

[00:32:44] – People who are capable of building UGC businesses

[00:33:16] – His interest in Discord

[00:34:31] – Factors of a healthy marketplace

[00:37:57] – Fools’ gold in marketplace businesses

[00:39:04] – How influx of cash is impacting the marketplace business landscape

[00:43:20] – How does the influx of money into the space impact him

[00:46:44] – Spending money to attack top brands

[00:50:32] – Regulatory capture

[00:53:36] – His thoughts on the IPO market

[00:57:49] – How did he realize this was his passion

[01:00:42] – Qualifying his passion

[01:01:52] – Favorite thing about working with entrepreneurs

[01:02:48] – Honing your craft

[01:04:33] – Making yourself a good mentor

[01:05:56] – Kindest thing anyone has done for him