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Invest Like the Best with Patrick O'Shaughnessy

Conversations with the best investors and business leaders in the world. We explore their ideas, methods, and stories to help you better invest your time and money. Hear stock market and boardroom insights you can't find anywhere else. If you're a professional investor, CEO, entrepreneur, or business strategist, this is for you. Explore all our episodes and learn more at https://www.joincolossus.com
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Feb 14, 2023

My guest today is Dan Rose. Dan is the chairman of Coatue Ventures and has one of the most interesting collections of experiences of anyone I’ve talked to. He spent 20 years at Amazon and Facebook in their early days, working closely with Jeff Bezos, Andy Jassy, Mark Zuckerberg, and Sheryl Sandberg. He’s had a front-row seat to the defining products and founders of our era and his lessons from those experiences do not disappoint. Please enjoy this great discussion with Dan Rose.

 

For the full show notes, transcript, and links to mentioned content, check out the episode page here.

 

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This episode is brought to you by Tegus, the modern research platform for leading investors. I’m a longtime user and advocate of Tegus, a company that I’ve been so consistently impressed with that last fall my firm, Positive Sum, invested $20M to support Tegus’ mission to expand its product ecosystem. Whether it’s quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus’ maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick.

 

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Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes

 

Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.

 

Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.

 

Follow us on Twitter: @patrick_oshag | @JoinColossus

 

Show Notes

[00:03:27] - [First question] - The story behind Amazon’s Kindle and the lessons it taught him

[00:09:19] - Amazon’s philosophy of working backwards and the most creative solutions he and his team had to come up inside of that framework 

[00:13:04] - What he did to convince publishers to get on board with his vision 

[00:16:02] - His overall experience of the relationship between innovation and constraints

[00:18:43] - Thoughts about the fine line between genius and nutcase 

[00:22:02] - What the key points of his theory on partnerships would be 

[00:24:28] - When advising portfolio companies becomes relevant 

[00:26:09] - The dark arts of building companies that could be adopted by partnerships 

[00:28:40] - Why he thinks the best technology companies drive strategy through product 

[00:29:24] - What unites the communication layer between great leaders communicating a vision well

[00:32:23] - Resolving micro management while also giving skilled talent their own space

[00:36:07] - Where Javier Olivan fits into his ideal executive team 

[00:36:57] - What about growth requires its own expertise 

[00:37:35] - What makes Dave Schneider an ideal sales leader

[00:39:08] - The most stressful period of time while working at Facebook

[00:42:51] - General thoughts on great versus good business models in tech 

[00:45:36] - Topics where Jeff Bezos and Mark Zuckerberg would disagree the most 

[00:47:13] - Defining the platonic ideal of a great investor approaching corporate enterprises 

[00:50:25] - Overview of the investing environment we’re in today from coast to coast

[00:53:45] - Other questions he loves and thoughts on Bezos asking people if they felt they were lucky or not 

[00:55:07] - What made Sheryl Sandberg so successful; Lean In

[01:00:35] - Why he started his career at Life Mastery selling personal growth seminars 

[01:05:47] - What will define the next generation of leaders 

[01:07:59] - A product he would build if he could that doesn’t exist yet

[01:08:59] - The kindest thing anyone has ever done for him 

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