284 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 • 106 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.

    Panic with Friends Update

    Panic with Friends Update

    Panic with Friends is taking a break. Today, the world is in a very different place from when we launched the podcast in March, 2020. We are continuing our content endeavor and created Trends with Friends to talk about market trends, dad life, luxury and wellness.

    Find our new show, Trends with Friends, on your favorite podcast platform. New episodes every Saturday.
    Spotify
    Apple
    Youtube

    Subscribe to my blog and follow me on Twitter.

    #fintech #invest #investment #venturecapital #stockmarket #finance

    • 4 min
    Best of Panic: Jan van Eck of VanEck on Global Markets, Deglobalization, and Rising Interest Rates

    Best of Panic: Jan van Eck of VanEck on Global Markets, Deglobalization, and Rising Interest Rates

    In this re-run of Best of Panic, I had been dying to get Jan on the podcast. After my brief podcast break, I decided to have a lot of my friends on – people I like talking to about markets. Jan will always be one of those people. He’s super smart and well educated. I’m in the lucky position where I don’t have to be in the market, but because I’m fascinated by markets, started Stocktwits, love talking about them, and want to continue banging out some alpha, I invited Jan on the podcast. 
    We had a great discussion about debt. We talk about money flows, and while Jan wasn’t the earliest, but early enough with directionally putting his firm on a path towards crypto, he had a lot of neat insights there as well. As was true then and is true now, people need to be thinking about the market in just a little different way than what worked in the past. 
    Guest - Jan van Eck, CEO at VanEck Securities Corporation 
    howardlindzon.com, vaneck.com 
    Twitter: @howardlindzon, @PanicwFriends, @JanvanEck3, @VanEck_US, @knutjensen 
    linkedin.com/in/janfvaneck
    #fintech #invest #investment #venturecapital #stockmarket #finance 
    Show Notes:

    Introduction (00:39)

    Welcome Jan (04:02)

    Growing a mature business (04:52)

    History is a teacher (07:73)

    Becoming a ‘Macro Structuralist’ (12:58)

    Lessons from the 1970s (14:49)

    The right way to view inflation (15:17)

    Bonds outperform stocks (16:54)

    Will the Fed pivot? (19:12)

    The ETF business (24:49)

    Crypto-related ETNs (27:21)

    China growth & demographics (28:40)

    Getting smarter on Brazil (29:04)

    Web3 (30:18)

    Thoughts on Wealthtech (34:08)

    What if 60/40 is wrong? (35:10)

    Jan argues Howard’s book (39:23)

    People care about performance (39:42) 

    Why Jan invested with Howard (40:46)

    Diseconomies of scale (41:45)

    The future of ETFs (43:33)

    Cherry-picking in public markets (46:11)

    Jan’s favorite podcasts (47:44)

    Wrapping up (50:16)

    Closing thoughts (51:37) 

    • 53 min
    Best of Panic: Jim O’Shaughnessy on Twitter, Navigating the Current Market, and our Artificially Intelligent Future

    Best of Panic: Jim O’Shaughnessy on Twitter, Navigating the Current Market, and our Artificially Intelligent Future

    In this Best of Panic re-run from November 22’, Jim O’Shaughnessy came back for a record fourth appearance. 
    The previous time he was on, we talked about the real panic; I’d come back from vacation fired out of a cannon – only wanting to talk to my close friends or pimp some of our companies. But this time around I had a lot to talk to Jim about. He was guest number one on the show and since then the Fed had hiked another 75 basis points, Meta imploded (and has since turned around), and we were in the first innings of a new owner at Twitter. It’s fun to jump in a time capsule and explore how we were thinking about things at the time.
    Once again, Jim was the calm voice of reason that helped us navigate the turbulent times we found ourselves in. 
    The GOAT himself, Jim O’Shaughnessy is back for a record fourth appearance on Panic with Friends! And this time he’s slightly panicked by not being panicked. I convinced him to put on some slippers and start showing up for work. 
    Guest - Jim O’Shaughnessy, Founder and CEO at OSV - O’Shaughnessy Ventures LLC 
    howardlindzon.com, osv.llc, osam.com, infiniteloopspodcast.com
    Twitter: @howardlindzon , @jposhaughnessy, @PanicwFriends, @knutjensen 
    linkedin.com/in/james-o-shaughnessy-b072bb
    #fintech #invest #investment #venturecapital #stockmarket #finance 
    Show Notes:

    Introduction (00:41)

    Welcome Jim (05:29)

    Strategy & Tactics (07:46)

    Decision time (10:30)

    Elon Musk (12:58)

    Fixing Twitter (13:39)

    Dealing with trolls (17:26)

    The real reason Elon bought Twitter (23:06)

    Excited about Artificial Intelligence (27:10)

    AI ethics (30:02)

    AI in medical research (31:45)

    AI legal use case (33:15)

    An Open AI is critical (36:05)

    First $1B single creator LLC (36:34)

    Old Models are collapsing (37:25)

    A “Thiel-style” scholarship (39:09)

    A revolution in Education (45:12)

    A real meritocracy (45:56)

    Human nature doesn’t change (48:19)

    The next Robinhood could be Robinhood (49:46)

    Wrapping up (53:05)

    Closing thoughts (56:58)

    • 59 min
    Chris Temple of Optimist, An Award Winning Documentary & Impact Studio, Gives a Behind the Scenes of His Documentary ‘This is Not Financial Advice’

    Chris Temple of Optimist, An Award Winning Documentary & Impact Studio, Gives a Behind the Scenes of His Documentary ‘This is Not Financial Advice’

    On this episode of Panic with Friends, I speak with my good friend Chris Temple. Chris is the co-founder and director of Optimist, an award winning documentary and impact studio. In today’s episode we dive deep into his latest film called ‘This is not Financial Advice’ which I took on the role of being an Executive Producer. 
    In ‘This is not Financial Advice’, Glauber “Pro” Contessoto - an immigrant working multiple jobs and living in a 220-square–foot apartment - gambles his life savings on a joke cryptocurrency. Two months later, he became “The Dogecoin Millionaire” and a hero to his growing YouTube following. It’s easy to get rich online. But as Pro will soon discover, it’s even easier to lose it all. Amateur investors like Pro must navigate a landscape that’s rife with scams, bad advice, and FOMO. This is not Financial Advice exposes the startling risks and rewards of today’s market through expert commentary and the anxiety-inducing stories of real people trying to make millions. 
    Media endorsement quotes: 

    “A Truly Wild Ride. Couldn’t Recommend More.” - Vox

    “A Thought-Provoking Masterpiece. Brilliantly Executed” - The Washington Post

    “A Gripping Financial Horror Film” - The Guardian

    “A Must Watch That Ricochets Between Euphoria and Despair” - CNBC

    "Everyone Needs to See this Movie to Better Understand Their Relationship to Money." - Morgan Housel 


    Guest - Chris Temple, Film Director at Optimist 
    howardlindzon.com, optimist.co, TINFAFiilm.com 
    Book Screening: tinfafilm.com/screenings
    Exclusive TINFA Clip
    Twitter: @howardlindzon, @TINFAFilm, @Christemple8, @OptimistFilms, @PanicwFriends, @knutjensen 
    Instagram: ChrisTemple, TINFAFilm
    LinkedIn: christemple8
    #fintech #invest #investment #venturecapital #stockmarket #finance 

    Time Stamps: 
    0:00 - Intro
    5:37 - Best Movie Lines and Movie Naming 
    13:18 - Lessons From Independent Documentary Filmmaking 
    18:01 - GameStop, Dogecoin, Memes
    23:14 - Influencer's Use of Cryptocurrency for Profit 
    30:23 - Upcoming Documentaries  
    39:22 - Path to Success in Film Industry 
    42:55 - Outro 

    • 46 min
    Best of Panic: Panic With ME (Howard)... The Stocktwits Story. This Episode was 1st published on February 9th, 2023

    Best of Panic: Panic With ME (Howard)... The Stocktwits Story. This Episode was 1st published on February 9th, 2023

    As I mentioned when I covered how I built Wallstrip, I’m doing more origin stories over the next year. I’m covering my own projects as well as those of the ten or fifteen people from the companies I’ve loved and the products I’ve used in Web 2. There were mostly good exits, but there were also a few that we learned from. 
    In today’s episode I’m back in the hot seat covering the lessons learned from building Stocktwits in a Web 2 world. Knut and Riley join me as we talk about what worked back then, and what it will take to succeed building a company moving forward. 
    This is a very different era. Back then money was the game in a zero interest rate world. Today I think it’s more about the craft, and less about money. Do you know who your customer is? What are your margins? How are you going to make money, and how are you going to get your users? If founders and investors aren’t asking those questions today, they could be looking at massive losses down the road. I hope this helps and maybe gives you a peak at what might be coming around the corner as AI seems to be eating the world right now. Enjoy! 
    Guest - Howard Lindzon, General partner at Social Leverage and Host of Panic With Friends Podcast 
    Co-hosts - Knut Jensen and Riley Rosebee 
    howardlindzon.com, stocktwits.com, socialleverage.com 
    Twitter: @howardlindzon, @be_rosebee @PanicwFriends, @knutjensen 
    Rosebee.beehiiv.com
    linkedin.com/in/howardlindzon 
    linkedin.com/company/socialleverage 
    linkedin.com/in/knutejensen 
    #fintech #invest #investment #venturecapital #stockmarket #finance 
    Show Notes:

    Introduction (00:22)

    Historic look at Web 2 (01:58)

    Starting Stocktwits (03:25)

    Why I didn’t wait (05:34)

    Creating Bloomberg on Twitter (06:54)

    Building the team (07:28)

    Coming up with the name (08:03)

    Raising money (09:24)

    The first version (12:04)

    Creating the branding (12:16)

    The cap table (15:57)

    Building around twitter (25:08)

    The cash tag (18:16)

    Building on our own (26:02)

    Early Web 2 lessons (29:56)

    Thoughts on AI (32:20)

    Valuing deals (33:56)

    Stocktwits culture (34:28)

    Predicting the future (37:57)

    Wrapping up (39:01)

    Closing thoughts (42:58)

    • 51 min
    Best of Panic: Howard Lindzon - The Wolf of Wallstrip. This Episode was 1st published on January 12th, 2023

    Best of Panic: Howard Lindzon - The Wolf of Wallstrip. This Episode was 1st published on January 12th, 2023

    No, you haven’t entered the Twilight Zone. Yes, I’m the host of Panic with Friends, but in today’s special episode, I’m the guest. My producer Knut Jensen has turned the tables and put me in the hot seat. With so many questions about how and why I started Wallstrip, I felt it was time to lay it all out. And hopefully this answers a lot of those questions. 
    We cover the good, the bad, and the funny times building my first internet company – and how those lessons carried over when I started Stocktwits – lessons like finding the right mentor and having domain experience around an idea, and the three key ingredients: product, team and timing. It’s a different spin on Panic with Friends where we’re going back and telling these types of stories with our best founders, so you’ll be seeing more episodes like this in the future. And of course, the big question on Wallstrip, would I do it again? You’ll have to listen to find out! 
    Guest - Howard Lindzon, General partner at Social Leverage and Host of Panic With Friends Podcast
    Co-host - Knut Jensen
    howardlindzon.com, socialleverage.com, stocktwits.com
    youtube.com/channel/UCGEU5Xa_5HKMb6gEFfGYdTw/videos 
    Twitter: @howardlindzon, @PanicwFriends, @knutjensen 
    linkedin.com/in/howardlindzon 
    linkedin.com/company/socialleverage 
    linkedin.com/in/knutejensen 
    #fintech #invest #investment #venturecapital #stockmarket #finance 
    Show Notes:

    Introduction (00:27)

    Coming up with Wallstrip (01:42)

    Starting with GolfNow (07:55)

    YouTube becomes a thing (10:27)

    Cold pitching Fred Wilson (11:59)

    Raising funds (15:08)

    Finding the team (18:34)

    The formula (22:36)

    Gaining traction (25:13)

    Would I do it again? (27:09)

    My ‘growth hack’ (30:24)

    The ‘moment’ it’s successful (31:10)

    Now the pressure is on (32:36)

    The right kind of attention (31:54)

    Dealing with haters (33:56)

    Sell or grow (38:14)

    The Jim Cramer spoof (39:21)

    My Costanza moment (41:04)

    CBS acquires Wallstrip (41:30)

    The right people domain experience (44:29)

    Wrapping up (46:35)

    Closing thoughts (46:56) 

    • 46 min

Customer Reviews

4.5 out of 5
106 Ratings

106 Ratings

ArlieLP ,

It’s Time to Panic

Epic interviews with the most interesting folks in the investment/entrepreneurial/VC space! Consistently fun conversations with a healthy dose of panic. Not to mention the grooviest score in podcasting. 😎 Highly recommend tuning in!

Portaldonkey ,

Great content

Howard has some of the brightest minds in markets combined with a curb your enthusiasm style delivery. However, I wish he would do longer term followups with his guests. What happened to that eccentric stoic guy?

Jay111180 ,

Howard tells it how it is

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

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