Transcript
Introduction
Patrick
My guest this week is Turner Novak, a partner at Gelt VC. Many of the largest companies in the world today are consumer social companies, so Turner and I discuss the past, present, and future of those businesses. When executed right they're often the fastest growing companies in history, and the rise of TikTok and some other companies we discuss makes it clear that there may always be room at the top. The network effects that support these companies make them unique beasts to analyze. And Turner's writing has been among my favorite content on the topic. Please enjoy our detailed conversation on this important area of public and private markets.
The Past of Consumer Social
Patrick
Turner, thank you so much for taking the time to do this today. The device that we're going to use for our conversation is the sort of past, present, and future of consumer social businesses which obviously represents some of the biggest and most profitable businesses in the world, some of the fastest-growing. We'll go in other directions as well, but that will be sort of our true north through this conversation. To begin it, I think it would be neat for you to share with the audience what you think is sort of the first relevant idea or data point in the past piece of this, what antecedents are important for us to consider before we get into today's landscape of consumer social companies?