Making Markets
Episode 11 The Price is All you Need
Making Markets

Episode 11: The Price is All you Need

Making Markets

Episode 11

The Price is All you Need

Howard Lindzon is an entrepreneur, investor, and podcaster. We cover incredible stories from his highly unusual career, why he turned down Fred Wilson's Twitter deal at the seed stage, and his philosophy for public and private investing.

(00:01:44) - Welcome to Making Markets

(00:01:48) - First Question - He explains the acquisition of WallStrip to CBS

(00:04:27) - How he was phantom fired from CBS  

(00:04:58) - Comedy and his career path background 

(00:07:41) - Why he likes comedians  

(00:09:49) - How he plays the social media game well

(00:11:15) - Fred Wilson and the early days of Youtube

(00:12:13) - Going from TheStreet to Twitter

(00:16:28) - The trade off of sharing investment pros and cons publicly on Stocktwits 

(00:18:45) - His public investment process versus his private investment process

(00:21:31) - He explains how the market is rigged

(00:23:58) - Passing on the opportunity to invest in early Twitter 

(00:26:38) - The Cabal and the investment process 

(00:29:32) - Founder scenarios that keep him from making deals  

(00:35:10) - Network effects amongst sharing venture capital and how it works  

(00:38:41) - Advice he has for new founders looking for venture capitalists

(00:42:24) - Support and advice for his family wanting to found startups 

(00:44:18) - Challenges and joys in private and public investing 

(00:47:58) - He explains the rich man, angry man, degenerate man investment theme

(00:51:17) - Sports betting and it’s market effects 

(00:53:18) - His view on crypto investments and Mt. Gox 

(00:57:19) - The Luckin Coffee fraud and his opinion on market opportunities  

(01:00:49) - His optimism for the future 

 

The Price is All you Need

Introduction

Eric
My guest today is Howard Lindzon. It's impossible to summarize Howard's resume, but he's best known for founding Stocktwits and is a private and public market investor. Speaking with Howard is like being at a stand-up comedy show based on finance. If Larry David was a portfolio manager, he would be Howard Lindzon. We start with a hilarious story of his early career at CBS, then move to why he said no when Fred Wilson brought him the Twitter deal, his investing philosophy, the degen economy and a lot more. Please enjoy this conversation with the one and only, Howard Lindzon.

Howard at CBS

In prepping for this interview, I was asking a mutual friend, Barry. I was like, the way I would describe Howard, it's Larry David goes to Fidelity. Is it a schtick? Is it a thing? I don't get it. Everything is accidental. You're doing this. You're doing that. I don't even know where to start, but is it a schtick?

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