231 episodes

Hello, I’m Howard. I’ve been a financial industry entrepreneur and investor for over 20 years. I am a General Partner at Social Leverage - we invest in seed stage software companies. I was a co-founder of Stocktwits and a seed investor in Robinhood and Etoro. On this podcast, you will hear interviews with great entrepreneurs, investors, venture capitalists, traders, and friends about their companies, their track records, and their new fave ideas and trends. This includes best ideas, worst investments, biggest failure, daily habits, and recommended reading. I know your time is precious, so I promise to keep it simple and on point.

Panic with Friends - Howard Lindzon Panic with Friends

    • Business
    • 4.5 • 98 Ratings

Hello, I’m Howard. I’ve been a financial industry entrepreneur and investor for over 20 years. I am a General Partner at Social Leverage - we invest in seed stage software companies. I was a co-founder of Stocktwits and a seed investor in Robinhood and Etoro. On this podcast, you will hear interviews with great entrepreneurs, investors, venture capitalists, traders, and friends about their companies, their track records, and their new fave ideas and trends. This includes best ideas, worst investments, biggest failure, daily habits, and recommended reading. I know your time is precious, so I promise to keep it simple and on point.

    Best of Panic: Jason Hirschhorn of REDEF (Part 2) on the Future of New Media and the Explosion of the Creator Economy

    Best of Panic: Jason Hirschhorn of REDEF (Part 2) on the Future of New Media and the Explosion of the Creator Economy

    During my five weeks on the road, I’ve been doing reruns of some of my favorite Panic with Friends episodes. This one is the second of back-to-back episodes with my pal Jason Hirschorn from April of 2021. I have not met another person who is not just so passionate about all forms of media and the creator economy, but is eager and willing to share that knowledge with others. 
    Best of Panic: In part one, we covered Jason’s long history at MTV, Slingbox, News Corp and MySpace. So listen here if you want the full backstory on this media extraordinaire. 
    In this episode, Jason covers the future of new media and streaming and the explosion of the creator economy. Looking back, I believe that YouTube created the first explosion in the creator economy and today it is a bunch of new media platforms combined with decentralization and tokens that will create an even bigger explosion which Jason predicts will be a ‘more equitable’ version of the creator economy. 
    Guest - Jason Hirschhorn, CEO and Chief Curator at REDEF 
    howardlindzon.com, redef.com 
    Twitter: @howardlindzon, @JasonHirschhorn, @MediaREDEF, @MusicREDEF, @PanicwFriends, @knutjensen 
    linkedin.com/in/jason-hirschhorn-820a9b43 
    #fintech #invest #investment #venturecapital #stockmarket #finance 
    Show Notes:

    Introduction (00:41)

    Welcome Jason (02:19)

    Artists and NFTs (04:12)

    Gatekeepers with too much power (07:04)

    Building a trusted audience (09:38)

    Creator economy platforms (11:54)

    Sloth of Big Media (16:51)

    Technical debt/Brand debt (19:22)

    Bundling media (25:23)

    Streaming/Spotify (28:24)

    Advertising/Programming (31:34)

    Dealing with piracy (32:31)

    Movie Theaters (33:25)

    Cinema Paradisio (36:21)

    Wrapping up (43:47)

    Closing thoughts (47:18) 

    • 48 min
    Best of Panic: Jason Hirschhorn of REDEF (Part 1) on Digital Content Creation and Other Media Trends

    Best of Panic: Jason Hirschhorn of REDEF (Part 1) on Digital Content Creation and Other Media Trends

    As long time listeners know, I’ve taken a few weeks off from the podcast to go climb mountains on my bike. The bike phase is over, and it ended with a crescendo when I spent my 57th birthday climbing Stelvio. So far I’ve gone from San Diego to Toronto, to New York, to Italy, to Germany and I’m now in Tel Aviv – nearing the end of the third week of five weeks on the road. To fill the gap, I’m doing reruns of some of my favorite Panic with Friends episodes. This one with my pal Jason Hirschorn is from March of 2021. 
    Best of Panic: I was excited about having Jason Hirschhorn on the ‘Panic’ podcast and he did not disappoint. This interview turned into a two part series so lean back for this first part which covers Jason’s long history at MTV, Slingbox, News Corp and MySpace. Jason has some great stories that were fun for me to listen to because I have met a lot of the same people in my short media stint at CBS. I have not met another person who is so passionate about movies, music and streaming.=
    In the second interview (rerunning next week), Jason covers the future of new media and streaming and the explosion of the creator economy.
    Looking back, I believe that YouTube created the first explosion in the creator economy and today it is a bunch of new media platforms combined with decentralization and tokens that will create an even bigger explosion which Jason predicts will be a ‘more equitable’ version of the creator economy. 
    Guest - Jason Hirschhorn, CEO and Chief Curator at REDEF 
    howardlindzon.com, redef.com 
    Twitter: @howardlindzon, @JasonHirschhorn, @MediaREDEF, @MusicREDEF, @PanicwFriends, @knutjensen 
    linkedin.com/in/jason-hirschhorn-820a9b43 
    #fintech #invest #investment #venturecapital #stockmarket #finance 
    Show Notes:

    Introduction (00:41)

    Welcome Jason (02:48)

    LA quarantine scene (03:28)

    MTV and MySpace (04:24)

    Blake at Slingbox (05:11)

    Tony Bennett doing Rock Band? (07:02)

    Running into Fred Wilson (11:20)

    Jason’s first company (16:43)

    Working with Barry Diller (20:02)

    MySpace decision (24:08)

    “Innovation through litigation!” (30:25)

    Getting engaged (31:27)

    Exporting American culture (38:40)

    Traveling to Israel (40:45)

    Comparing NY to LA (42:24)

    Meeting Steve Jobs (46:31)

    Jet-setting with Bono (47:53)

    Closing thoughts (56:05) 

    • 58 min
    Best of Panic: Ted Merz, Journalist Turned Product Manager, on Financial Journalism and Information Dissemination in the Age of Social Media

    Best of Panic: Ted Merz, Journalist Turned Product Manager, on Financial Journalism and Information Dissemination in the Age of Social Media

    Long time listeners know I’ve taken a few weeks off to go climb some mountains on my bike. I’ve just departed Lake Como, wrapping up this leg of my crazy cycling ‘adventurecation’. You can follow my rides on the Strava app. In the meantime, I’ve been doing reruns of some of my favorite Panic with Friends episodes. This episode from January of 2021 is with my good friend Ted Merz. He’s moved on from Bloomberg, but his insights on social media and data are spot on.
    Best of Panic: (January, 2021) My friend Ted Merz at Bloomberg has one of the most interesting jobs in the world. Ted has been at Bloomberg since 1991 and today heads Bloomberg’s Global News Product. That is a complicated job and this is a complicated era of news considering the 24/7/365 flow of information, misinformation and of course news. Ted makes it all look easy. I miss visiting with him at the Bloomberg HQ.
    I love talking to Ted about Twitter and the rest of social media and the deals he has had to cut and the way he thinks about data.
    One of the best compliments I have gotten is having Ted tell me he enjoys my writing style and reading my daily blog. That is not why I invited him on as a guest, but it is definitely one reason I am so happy I started to write in the first place and a motivating factor for me to keep writing!
    Guest - Ted Merz, Journalist turned Product Manager, Former Global Head of News product at Bloomberg 
    howardlindzon.com, ted-merz.com 
    Twitter: @howardlindzon, @TedMerz, @PanicwFriends, @knutjensen 
    linkedin.com/in/ted-merz-cfa-b711257 
    #fintech #invest #investment #venturecapital #stockmarket #finance 
    Show Notes:

    Introduction (00:31)

    Welcome Ted (03:18)

    Starting in journalism (04:07)

    Moving to Bloomberg (06:21)

    The biggest story of Ted’s lifetime (09:33)

    Covering 9/11 (11:33)

    Bloomberg customer service (15:47)

    Talking Twitter (16:23)

    Partnering with Twitter (24:02)

    Monetizing data (27:21)

    Enormous opportunity with Twitter and Reddit (34:28)

    First inkling of COVID breaks December 31. 2019 (36:40)

    Data as alpha (39:35)

    A ‘Netflix’ Model of news and information (42:02)

    Wrapping up (47:20)

    Closing thoughts (52:05)

    • 52 min
    Best of Panic: Frank Rotman of QED Investors - Fintech Operator Turned Fintech Investor

    Best of Panic: Frank Rotman of QED Investors - Fintech Operator Turned Fintech Investor

    I’m still off from the podcast circuit climbing mountains on my bike, but will be back in the studio soon. The reruns of some of my favorite podcasts continue for now. This one from December of ‘21 with Frank Rotman of QED Investors is one you’ll want to listen to a few times for sure. It’s great historical perspective for where we’re at now, and evergreen enough to inform any evolving investment strategy. 
    Best of Panic: My guest today is a fintech operator turned investor. Frank is the real deal. He spent almost 13 years at Capital One, is the co-founder of QED Investors, and made the Midas List of Top 100 Investors FOUR times. Everybody is a fanboy of somebody, and I’m a fanboy of Frank for sure – he has the amazing ability to spot leaders in the fintech space and has done it for a long period of time. In our business you get rewarded with a lot of money to manage and QED has just raised a fresh billion dollars. I learned a lot from this conversation and think every investor can do the same. 
    Guest - Frank Rotman, Co-Founder, Partner and Head of Domestic Investments at QED Investors 
    howardlindzon.com, qedinvestors.com 
    Twitter: @howardlindzon, @fintechjunkie, @QEDInvestors, @PanicwFriends, @knutjensen 
    linkedin.com/in/frank-rotman 
    #fintech #invest #investment #venturecapital #stockmarket #finance 
    Show Notes:

    Introduction (00:56)

    Welcome Frank (4:14)

    Founding QED (04:49)

    Fintech before Fintech (05:48)

    Wrapping up (57:45)

    Operators as investors (06:34)

    Pitching Nigel (06:51)

    Pitching Dan Loeb (07:30)

    M&A with Capital One (09:01)

    Grow it or sell it? (10:12)

    An information-based strategy (10:20)

    Flash forward to 2021 (12:04)

    Separating bubbles from megatrends (12:46)

    Too soon Unicorns (14:59)

    Art of business building thrown out the window (15:25)

    Web3 is just getting started (17:05)

    Loose money fueling the system (18:08)

    Web3 attracting talent (20:49)

    Investing decisions and allocation (21:15)

    Doing diligence in today’s market (22:06)

    Talented venture teams (25:50)

    QED check size range (27:34)

    Ex-operators being ‘hands on’ (28:37)

    When IPOs peak (32:57)

    Private v. Public investors (33:15)

    Sequoia’s letters (37:02)

    First principles of investing (37:18)

    How much to pay for an earning stream? (38:00)

    35 year payback (38:48)

    Valuation disconnects (39:26)

    Fast growing companies (41:21)

    Negative rates and the 60/40 portfolio (42:03)

    Inflation is a real force (43:12)

    Impact of rates on valuation (44:31)

    Biggest position in crypto (48:11)

    Being ‘crypto aware’ (49:34)

    Wrapping up (50:06)

    Closing thoughts (55:37) 

    • 55 min
    Best of Panic: Michelle Zatlyn of Cloudflare on Building a Better Internet

    Best of Panic: Michelle Zatlyn of Cloudflare on Building a Better Internet

    Long time listeners know I've taken a few weeks off the podcast circuit to go climb some mountains on my bike. In the meantime, I'm doing reruns of some of my favorite Panic with Friends episodes. This one with Michelle Zatlyn aired back in November of ‘21. If you missed it when it came out, now is a good time to catch up. And don't worry, I'll be back in the podcast booth soon.
    I’m excited to have my friend and fellow Canadian, Michelle Zatlyn, on the show. We’re going to talk about the internet today. Podcasts wouldn’t exist without it, and you’d be unable to appreciate the banter between Knut and I. But this just feels like the right time in the right moment to talk about the internet. Michelle is just the right person to talk about it with. She’s the co-founder, President, and COO of Cloudflare – the company that helps the internet work. We discuss security, how things really work on the internet, where Cloudflare is headed, and how the hell you grow even faster during COVID. 
    Guest - Michelle Zatlyn, Co-Founder, President and COO at Cloudflare 
    howardlindzon.com, cloudflare.com 
    Twitter: @howardlindzon, @zatlyn, @Cloudflare, @PanicwFriends, @knutjensen 
    linkedin.com/in/michellezatlyn 
    #fintech #invest #investment #venturecapital #stockmarket #finance 
    Show Notes:

    Introduction (00:57)

    Welcome Michelle (05:36)

    Moving to US & Harvard Business School (06:51)

    Building Cloudflare (08:47)

    Cloudflare’s mission (10:18)

    Building a better Internet (10:49)

    Layering Cyber Security (11:24)

    A quick internet history lesson (13:06)

    Safe, reliable Internet (15:53)

    Harvard Professor Clay Christensen (15:59)

    Democratizing the Internet (16:47)

    A directional bet on the Internet (18:44)

    Crypto v. Cryptography (19:27)

    A public company with real revenue (21:11)

    Number of daily cyber attacks (21:55)

    Table stakes for merchants (25:25)

    The rise of the ‘Cloud’ (26:42)

    The perfect time to start Cloudflare (28:04)

    Protecting the Internet-of-Things (29:32)

    A network of networks (31:46)

    The rise of social and mobile (32:17)

    Following Web3 (32:42)

    Cyber attacks and cryptocurrency (34:03)

    Making your data your data (35:05)

    Cloudflare leadership team (36:40)

    Evolving business structure (38:56)

    Improving digital literacy (40:10)

    Building better products and delivering value (40:42)

    Michelle’s personal investing philosophy (43:15)

    Business continuity through the pandemic (46:08)

    Going big on digital literacy (53:11)

    Wrapping up (57:45)

    Closing thoughts (58:32) 

    • 1 hr
    Best of Panic: Nicholas Adler on Crypto, Collectibles, Culture, and Community

    Best of Panic: Nicholas Adler on Crypto, Collectibles, Culture, and Community

    Howard has taken a few weeks off the podcast circuit to go climb some mountains on his bike. In the meantime, we’re doing reruns of some of our favorite Panic with Friends episodes. This one with Nick Adler aired back in October of ‘21. If you missed it when it came out, now is a good time to catch up. 
    Today’s episode is with a new friend, Nick Adler. I’m not sure the best way to describe him – he’s a lawyer, entertainment wiz, and works with the one and only Snoop Dogg himself. They’ve gone on a massive run together, and we get into crypto and NFTs and collectibles and digital. Tons of people can talk about the technical side of it, Nick lays out the culture and community.
    There’s so much movement, there’s so much happening, and celebrity culture is at the center of it. They’re not passengers anymore. This crypto, digital NFT boom will have a million different use cases for a million different categories: from insurance to real estate, and more. And IP and creative and art and content, is all going to change radically due to these tools and technologies. It’s a blank canvas if you’re willing to be adventurous and take chances. 
    Guest - Nicholas Adler, Founder of The Unified, and longtime business partner of Snoop Dogg. 
    howardlindzon.com, soundcloud.com/whosbuyingthisshit 
    Twitter: @howardlindzon, @nickyads, @PanicwFriends, @knutjensen 
    linkedin.com/in/nicholas-adler-3051587 
    #fintech #invest #investment #venturecapital #stockmarket #finance 
    Show Notes:

    Introduction (00:48)

    Welcome Nick (02:02)

    Panicked about NFTs (02:12)

    How Nick and Snoop Dog think about Crypto (03:02)

    The social media explosion (04:38)

    The Crypto/Digital/NFT boom (06:23)

    Snoop’s blank canvas (06:54)

    Web3 development is global (7:20)

    Partnering with talent (08:23)

    Have a strong team and experiment (08:34)

    How Nick and Howard met (10:34)

    The last true technology crash (11:58)

    Evergreen and Educational Finance (12:27)

    Innovation in the DeFi space (15:07)

    DeFi platforms and staking economy (18:08)

    The artistic side of NFTs (18:30)

    The Rocket Factory NFT (19:41)

    NFTs and endless money printing (21:50)

    Inflation, deflation and trading NFTs (23:18)

    Collectibles and NFTs (24:56)

    Brands will be the NFT leaders (25:48)

    Will we see a Snoop DAO? (31:03)

    A hundred David Geffen’s in the future (34:02)

    You have to know how to sell (34:41)

    The media negotiation environment (35:56)

    Build a brand as yourself (41:11)

    Wrapping up (41:17)

    Closing thoughts (42:49) 

    • 44 min

Customer Reviews

4.5 out of 5
98 Ratings

98 Ratings

Jay111180 ,

Howard tells it how it is

Great listen for founders, investors and those interested in public and private markets.

@MichaelUnbroken ,

Fantastic Podcast🔥🔥

I just wanted to take a moment and say thank you for creating such an impactful podcast! I believe that we all have a voice that deserves to be heard. Thank you for putting this into the world! BE UNBROKEN! @MichaelUnbroken

JeezyLakobe ,

Best Podcast

Humor and range, Howard’s got it all!

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