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  • Apple Event — September 9

    9 Sept ·  Video

    Apple Event — September 9

    Tune in to learn about iPhone Duo and iPhone 18 Pro. Plus Apple Watch Series 12, Apple Watch Ultra 4, and AirPods 5.

  • An 86-minute guide to finding PMF | Rob Snyder (Author, The Power of Pull)

    25 Oct

    An 86-minute guide to finding PMF | Rob Snyder (Author, The Power of Pull)

    Rob Snyder is the author of The Power of Pull and writes the newsletter The Physics of Startups. He has advised more than 50 startups on growing from zero to $1 million in ARR, drawing on his own experience as a founder who spent two years pushing a product the market didn’t want before accidentally stumbling onto what actually works. In this episode, we walk step by step through his framework for finding product-market fit, from coming up with an idea to closing your first handful of deals. We discuss: 1. The PULL framework: Project, Unavoidable, List of options, Limitations 2. Where the best startup ideas come from 3. Tactics for cold outreach and running your first sales call 4. Why Rob advises against design partners 5. Goblin mode: what to do when nothing is working 6. How to apply the PULL framework inside larger companies — Brought to you by: WorkOS—Make your app enterprise-ready, with SSO, SCIM, RBAC, and more DX—Engineering intelligence for the AI era — Where to find Rob Snyder: • LinkedIn: https://www.linkedin.com/in/rsnyder1 • Newsletter: https://thephysicsofstartups.substack.com • Podcast: https://open.spotify.com/show/4Cic56E1UEbU25P3v14Vkq • Website: https://robsnyder.org — Where to find Lenny: • Newsletter: https://www.lennysnewsletter.com • X: https://twitter.com/lennysan • LinkedIn: https://www.linkedin.com/in/lennyrachitsky/ — In this episode, we cover: (00:00) Introduction to Rob Snyder (01:13) The PULL framework: what makes customers buy (07:30) The “PULL” acronym (09:44) How Jump found pull with financial advisors (13:53) Why pull is discovered, not created (16:10) Selling to a person, not a company (17:13) Finding startup ideas through firsthand experience (22:34) Testing your pull hypothesis with two slides (26:41) Recognizing real buying intent (27:24) When solving your own problem works (29:02) The Hail Mary question that can unlock a pivot (31:01) Common traps to avoid (32:50) Quick recap (34:46) Landing your first customer conversations (39:18) Outreach benchmarks and diagnosing what isn’t working (41:27) How to run your first sales call (46:56) Successful pitch tactics (49:59) Does your product need to be 10 times better? (54:08) Closing the deal (01:00:41) Using the PULL framework to set pricing (01:02:22) Revising your hypothesis and going into goblin mode (01:06:56) Designing onboarding to make customers stay (01:09:28) What churn can teach you about your ideal customer (01:11:37) Building a repeatable case study factory (01:16:15) Applying the framework inside established companies (01:20:03) Lightning round and final thoughts — Referenced: • The PULL framework: https://thephysicsofstartups.substack.com/p/the-pull-framework • The ultimate guide to JTBD | Bob Moesta (co-creator of the framework): https://www.lennysnewsletter.com/p/the-ultimate-guide-to-jtbd-bob-moesta • How to find work you love | Bob Moesta (Jobs-to-be-Done co-creator, author of “Job Moves”): https://www.lennysnewsletter.com/p/how-to-find-work-you-love-bob-moesta • Jump: https://jump.ai • Linear’s secret to building beloved B2B products | Nan Yu (Head of Product): https://www.lennysnewsletter.com/p/linears-secret-to-building-beloved-b2b-products-nan-yu • Josh Woodward on LinkedIn: https://www.linkedin.com/in/joshwoodward/ • Clearly AI: https://clearly-ai.com • Emily Choi-Greene on LinkedIn: https://www.linkedin.com/in/emilycg • Spanx: https://spanx.com • Floodgate: https://www.floodgate.com • Snoop Dogg on X: https://x.com/SnoopDogg • Jira: https://www.atlassian.com/software/jira • Linear: https://linear.app • “Sell the alpha, not the feature”: The enterprise sales playbook for $1M to $10M ARR | Jen Abel: https://www.lennysnewsletter.com/p/the-enterprise-sales-playbook-1m-to-10m-arr • How to close $100K+ enterprise deals, step by step | Jen Abel: https://www.lennysnewsletter.com/p/how-to-close-100k-1m-deals-step-by • Teero: https://www.teero.com • A guide for finding product-market fit in B2B: https://www.lennysnewsletter.com/p/finding-product-market-fit • Retention is the hard part: https://thephysicsofstartups.substack.com/p/retention-is-the-hard-part • Mark Roberge on LinkedIn: https://www.linkedin.com/in/markroberge/ • Ali Ghodsi on LinkedIn: https://www.linkedin.com/in/alighodsi/ • Pride and Prejudice: https://www.imdb.com/title/tt0414387 • Penguins of Madagascar: https://www.imdb.com/title/tt1911658 • Muse: https://muse.ai • Lessons from 1,000+ YC startups: Resilience, tar pit ideas, pivoting, more | Dalton Caldwell (Y Combinator, Managing Director): https://www.lennysnewsletter.com/p/lessons-from-1000-yc-startups • Lemlist: https://www.lemlist.com — Recommended books: • The Power of Pull: What You Need to Know About Customer Demand to Build a Successful Startup (and Why Most Founders Get It Wrong): https://www.amazon.com/Power-Pull-Customer-Successful-Founders/dp/1541705955 • The Nature of Order, Book One: The Phenomenon of Life: An Essay on the Art of Building and the Nature of the Universe: https://www.amazon.com/dp/B0BHLGZHHD • The Nature of Order, Book Two: The Process of Creating Life: An Essay on the Art of Building and the Nature of the Universe: https://www.amazon.com/Nature-Order-Book-Two-Creating-ebook/dp/B0F2SMKQT8 • The Nature of Order, Book Three: A Vision of a Living World: An Essay on the Art of Building and the Nature of the Universe: https://www.amazon.com/dp/B0F2SS62LG • The Nature of Order, Book Four: The Luminous Ground: https://www.amazon.com/Luminous-Ground-Building-Alexander-Christopher/dp/B00CB5JTI6 — Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com. — Lenny may be an investor in the companies discussed. To hear more, visit www.lennysnewsletter.com

  • Is The "PROLED" Macbook Any Good?

    4 days ago

    Is The "PROLED" Macbook Any Good?

    On this week's spooky episode Marques, Andrew, and David talk about the death of Arc Browser, Apple's new OLED Macbook Pro with a silly name, and the new craze of rooting your TVs. Links: Death of Arc: Twitter MKBHD: Macbook PROLED This episode brought to you by: Charles Schwab: https://www.schwab.com/oninvesting Framer: https://www.framer.com/wave Jira: https://www.jira.com Shopify: https://www.shopify.com/waveform Pipedrive: https://www.pipedrive.com/waveform Gusto: https://www.gusto.com/wave Follow us on socials: Marques: https://www.threads.net/@mkbhd Andrew: https://www.threads.net/@andrew_manganelli David: https://www.threads.net/@davidimel Adam: https://www.threads.net/@parmesanpapi17 Ellis: https://twitter.com/EllisRovin Waveform Threads: https://www.threads.net/@waveformpodcast Waveform Instagram: https://www.instagram.com/waveformpodcast/?hl=en Waveform TikTok: https://www.tiktok.com/@waveformpodcast Join the Discord: https://discord.gg/mkbhd Intro/Outro music by 20syl: https://bit.ly/2S53xlC Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • The delightfully messy state of Apple gadgets

    3 days ago

    The delightfully messy state of Apple gadgets

    Nilay is going to buy the new touchscreen MacBook. But not for the touchscreen. He and David talk through Apple's new laptop, and what it means for Apple's other devices, including the tablet that used to be the future of everything. Then the hosts talk about Instagram's push into long-form video and its battle with AI content. Finally, it's time for Brendan Carr, Anthropic's S-1, robot vacuums, and the rest of the lightning round. Further reading: Apple finally combined a toaster and a refrigerator Hands-on with the new OLED iPad Mini Instagram doesn’t have a plan to pay long-form video creators Adam Mosseri says negativity around AI is ‘going to get worse’ Invasion of the Sexy A.I. Joke Thieves Brendan Carr plans to let prisons jam cellphone signals Five weird details from Anthropic’s IPO filing Microsoft is ending Copilot support on smart TVs Google says its investments in AI are driving more searches Palmer Luckey’s Anduril is getting into laptops — and claims they’ll be American-made  Subscribe to The Verge for unlimited access to theverge.com, subscriber-exclusive newsletters, and our ad-free podcast feed. We love hearing from you! Email your questions and thoughts to vergecast@theverge.com or call us at 866-VERGE11. 0:00 ProLED Cold Open 01:04 Touchscreen Mac Arrives 02:39 Why Apple Did Touch 05:27 App Store Pressure 07:54 Touch Is Just Enough 09:49 Influencer Event Demos 13:56 iPad Squeezed Middle 18:34 Luxury Hardware Bet 22:37 Duo Reality Check 28:18 Instagram Going Through It 29:07 AI Agents vs Ads 32:18 Zuck Escapes iPhone 32:41 Instagram Becomes TV 33:23 Slop Meme Deepfakes 36:09 Mosseri AI Crisis 42:58 Longform Video Push 44:34 Creators Demand Revshare 48:19 Loop Closing Arms Race 49:34 Reddit Versus Google Zero 53:22 AI Kills The Web 01:00:20 Brendan Carr is a Dummy 01:02:22 Spectrum Auction Plan 01:03:35 NOAA Weather Spectrum Fight 01:04:29 700 MHz Auction History 01:05:38 FCC Spectrum Power Grab 01:06:09 Privatizing Weather Data 01:09:27 Anthropic S1 Reality Check 01:12:34 AI Products Beat Models 01:16:55 Claude Goes Sentient 01:17:55 Copilot Leaves Smart TVs 01:21:16 Quiet Robot Vacuum Thoughts 01:25:03 Palmer Luckey Laptop Fight 01:30:10 X Replies and Racism 01:32:32 Wrap Up and Next Week Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • The Robots Already Working in American Factories | Tutor Intelligence

    22 hr ago

    The Robots Already Working in American Factories | Tutor Intelligence

    What does it take to build robots that can actually work in factories and warehouses? Tutor Intelligence CEO Josh Gruenstein argues robotics is a systems problem spanning AI, hardware, manufacturing, and the work itself. Josh joins a16z General Partners Martin Casado and Raghu Raghuram to explain Tutor’s approach: deploy robots into real businesses, use human “tutors” when needed, and turn that work into training data that makes the robots more capable. They discuss Tutor’s 100-robot data factory, robots starting at roughly $16 an hour, advances in spatial reasoning, and what flexible robotic labor could mean for American manufacturing and the physical economy. Resources: Follow Josh Gruenstein on X: https://x.com/joshgruenstein  Follow Martin Casado on X: https://x.com/martin_casado Follow Raghu Raghuram on X: https://x.com/RaghuRaghuram Learn more about Tutor Intelligence:https://tutorintelligence.com/  Stay Updated: Find a16z on YouTube: YouTube Find a16z on X Find a16z on LinkedIn Listen to the a16z Show on Spotify Listen to the a16z Show on Apple Podcasts Follow our host: https://twitter.com/eriktorenberg Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

  • How a 19-year-old intern built the growth engine behind this $2B AI company | Hector Serrano

    2 days ago

    How a 19-year-old intern built the growth engine behind this $2B AI company | Hector Serrano

    Hector Serrano runs one of the most innovative and successful paid growth programs in Silicon Valley. As Head of Content at Wispr Flow, a leading AI voice-to-text tool, he built a roster of 50 creators who drive 500 to 600 paid user-generated content (UGC) ads every month. The creators are paid a cut of ad spend, and the best of them earn over $13,000 a month. It’s a playbook the best DTC brands have used for years, now adapted for SaaS. Hector joined Wispr Flow at 19, before the product had PMF, and over the past year, Wispr Flow has grown revenue 30x and raised at a $2 billion valuation. We discuss: 1. Why paid UGC is one of the biggest untapped growth levers right now 2. The step-by-step playbook for building a successful paid-UGC program 3. Why the best marketers are “allergic to AI” 4. What makes a great modern marketing hire 5. Why YouTube is the most underrated growth lever in SaaS — Brought to you by: WorkOS—Make your app enterprise-ready, with SSO, SCIM, RBAC, and more DX—Engineering intelligence for the AI era — Where to find Hector Serrano: • X: https://x.com/hectorserrranoo • LinkedIn: linkedin.com/in/hector-serrano-martin • YouTube: https://www.youtube.com/@hectorchats — Where to find Lenny: • Newsletter: https://www.lennysnewsletter.com • X: https://twitter.com/lennysan • LinkedIn: https://www.linkedin.com/in/lennyrachitsky/ — In this episode, we cover: (00:00) Teaser (01:17) What Hector does at Wispr Flow (03:10) The number-one growth lever: product-market fit (04:25) When to start investing in paid ads (08:27) The paid-UGC strategy and how it developed (13:44) How creator compensation works: percent of ad spend vs. GMV (20:07) The profile of a great modern marketing hire (25:03) The importance of young talent (28:22) Hector’s journey from D1 soccer to Wispr Flow (31:03) Step-by-step: How to build a paid-UGC group from zero (43:03) Reaching out to creators (45:37) Building culture inside your creator group (48:31) The role of the media buyer alongside the creative lead (50:05) Team size and structure (53:44) Why UGC works even in technical and enterprise SaaS (56:15) Advice for people embarking on the creator path (59:50) Common mistakes to avoid (01:02:21) The sports approach to hiring (01:03:52) Why the best marketers are allergic to AI output (01:08:07) Founder-led content (01:16:01) Why YouTube packaging matters more than production quality (01:20:06) Lightning round and final thoughts — Referenced: • Wispr Flow: https://wisprflow.ai • Tanay Kothari on X: https://x.com/tankots • Matt Swulinski on LinkedIn: https://www.linkedin.com/in/mattswulinski • Viktor: https://viktor.com • Tobin Tang on LinkedIn: https://www.linkedin.com/in/tobinwtang • Polymarket: https://polymarket.us • Trybe: https://jointrybe.com • Lukas Pakter on LinkedIn: https://www.linkedin.com/in/lukas-pakter-402117204 • SquidHaus: https://gohaus.com • Daniel McCallum on LinkedIn: https://www.linkedin.com/in/danielmccallum • “Everyone wants a great head of content but you won’t find one” on X: https://x.com/hectorserrranoo/status/2109703739754037530 • Eric Zaworski on LinkedIn: https://www.linkedin.com/in/eric-zaworski • Jimmy Farley on LinkedIn: https://www.linkedin.com/in/jimmy-farley-349215296 • Physician’s Choice: https://physicianschoice.com • Hector’s paid-UGC playbook on X: https://x.com/hectorserrranoo/status/2108260769603486100 • “The most successful founders, investors, or creators I’ve met...” on X: https://x.com/hectorserrranoo/status/2113109670491783661 • “Startups should recruit more like sports teams” on X: https://x.com/hectorserrranoo/status/2113676414973259782 • Real Madrid La Liga: https://www.laliga.com/en-GB/clubs/real-madrid • “The best marketers are allergic to AI” on X: https://x.com/hectorserrranoo/status/2110432634451169699 • Why Netflix is betting on systems thinkers—not specialists—in the AI era | Elizabeth Stone (CPTO): https://www.lennysnewsletter.com/p/netflix-cpto-on-ai-and-the-future • Naval Ravikant on X: https://x.com/naval • You Can See Everything: https://www.imdb.com/title/tt45368240 • Miso: https://miso.com • Steve Jobs quote: https://www.brainyquote.com/quotes/steve_jobs_416875 — Recommended books: • The Almanack of Naval Ravikant: A Guide to Wealth and Happiness: https://www.amazon.com/dp/1544514212 • Ego Is the Enemy: The Fight to Master Our Greatest Opponent: https://www.amazon.com/dp/1781257019 — Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com. — Lenny may be an investor in the companies discussed. To hear more, visit www.lennysnewsletter.com

  • Disney: The Renaissance and the Empire

    10 Aug

    Disney: The Renaissance and the Empire

    In 1984, the Walt Disney Company was worth more dead than alive. Disney Animation — the heart of Walt's famous flywheel — had stagnated for years, bleeding away talent while corporate raiders circled, salivating over offers to sell off the film library to MGM and offload the parks to hotel operators. But what followed instead was the greatest turnaround in media history under Michael Eisner and Frank Wells. Beauty and the Beast. The Lion King. Broadway. Bringing the Disney Vault home on VHS and DVD. And the greatest media acquisition of all time — ESPN. And then... it all almost fell apart. Again. Euro Disney turned into a money pit. Boardroom and executive infighting ran rampant. Animation descended into a dumpster fire. (Remember Chicken Little? Us neither.) Comcast — Comcast!! — tried to steal the company via a hostile takeover. Out of the chaos, a new generation of Disney management emerged under Bob Iger to stage yet another epic comeback with Pixar, Marvel and Lucasfilm, creating the defining media empire of the 21st century…until the tech companies came along. Tune in for the ultimate Acquired thrill ride: Disney, Part II. Sponsors: Many thanks to our fantastic Fall '26 Season partners: SierraSentryWorkOSAnthropicLinks: Sign up for email updates, get our takeaways and research photos from each episode, and vote on future topics!The Official Acquired Meetup on Sept 17th with our friends at Sentry. Join us!The Acquired Disney Part II Companion PDFThe Acquired Disney Part II Artifacts visual hubOur Disney Part II column in WSJWorldly Partners' Multi-Decade Disney StudyAll episode sourcesCarve Outs: Warby Parker Transitions Extra ActiveMichael Arndt's Toy Story 3 Story PresentationThe Golden State ValkyriesMore Acquired: Get email updates and vote on future episodes!Join the SlackCheck out the latest swag in the ACQ Merch Store!00:00:00 Start00:00:50 Intro00:05:07 Disney in Chaos (1984)00:11:33 Eisner, Wells, Katzenberg Arrive (1984)00:24:30 Animation Renaissance & CAPS Tech (1989)00:37:33 Flywheel Extensions: Home Video, Retail & Broadway00:54:32 Challenges & ABC/ESPN Acquisition (1994-1995)01:05:55 ESPN: Disney's Accidental Goldmine01:21:26 Eisner's Decline & Save Disney Campaign (2001-2004)01:34:53 Comcast Hostile Takeover Bid (2004)01:41:58 Bob Iger's Vision & Pixar Acquisition (2005-2006)01:52:17 Pixar: From Lucasfilm to Steve Jobs (1979-1995)02:03:11 Toy Story, IPO & Eisner Conflict (1995)02:34:30 Disney Acquires Pixar (2006)02:46:37 Marvel & Lucasfilm Acquisitions (2009-2012)02:58:01 Streaming Pivot: Cord Cutting & BAMTech (2015)03:06:30 The Disney+ Strategy & FOX Acquisition (2017-2019)03:19:01 The Disney+ Launch, COVID, & Chapek's Tenure (2019-2022)03:42:15 Iger's Return, Challenges & Parks Revival (2022-2026)03:50:54 The Business Today: Parks & Streaming Focus03:59:22 Analysis: Disney+ Strategy & The New Media Landscape04:10:01 Analysis: Bull/Bear Cases04:21:20 Quintessence04:24:39 Carve-Outs + Outro ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

  • Seinfeld

    19 Oct

    Seinfeld

    Seinfeld, which ended three decades ago, has been watched by 72 million Americans so far THIS YEAR. Behind that incredible stat is an equally incredible business story: obsessive creators, perfect market timing, an ownership structure that aligned incentives for the long term…all of which created a sitcom that became number one by breaking all the rules. Sponsors: Many thanks to our fantastic Fall '26 Season partners: SierraAnthropicSentryWorkOSLinks: Sign up for email updates, get our takeaways and research photos from each episode, and vote on future topics!The Acquired Seinfeld Companion PDFTop of the Rock: Inside the Rise and Fall of Must See TV by Warren LittlefieldComedianThe Seinfeld Chronicles: An Unnecessary Data Exploration by Andy KirkWorldly Partners' Seinfeld Study by Arvind NavaratnamJerry Seinfeld's 2017 Harvard Business Review InterviewAll episode sourcesCarve Outs: Seinfeld - "The Marine Biologist"Seinfeld - "The Jacket"Seinfeld - "The Dinner Party"The Seinfeld Chronicles: An Unnecessary Data Exploration by Andy KirkBuck's of WoodsideTin CanMore Acquired: Get email updates and vote on future episodes!Join the SlackCheck out the latest swag in the ACQ Merch Store!00:00:00 Start00:00:55 Intro00:04:52 Jerry Seinfeld's Stand-Up Origins (1954-1988)00:16:16 NBC Pitches a Late-Night Special (1988)00:21:35 Enter Larry David (1988)00:35:04 Fin-Syn Rules & The Castle Rock Deal00:52:45 Making the Pilot & Test Screening Disaster (1989)01:04:24 Rick Ludwin Saves the Show (1989-1990)01:10:17 Adding Elaine & "No Hugging, No Learning"01:28:41 Season 2 & Defying Network Notes (1991)01:35:56 The Structural Mechanics of Seinfeld01:45:11 Season 4 & "The Contest" (1992)01:57:09 Moving to Must See TV Thursdays (1993)02:07:28 Anatomy of a Production Week & The Harvard Lampoon Writers02:15:44 The Syndication Cash Cow (1995)02:28:36 Larry Leaves, Cast Salaries & Season 9 (1996-1997)02:42:13 Jack Welch's Brunch Offer & Jerry Walks (1997)02:55:04 The Finale & Final TV Economics (1998)03:11:21 The Modern Streaming Era & Netflix's Massive Deals03:17:38 Analysis03:30:00 7 Powers03:34:00 Quintessence03:41:49 Carve-Outs + Outro ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

  • Are We in an A.I. Bubble? We're About to Find Out.

    4 days ago

    Are We in an A.I. Bubble? We're About to Find Out.

    Monday gave us the release of Anthropic’s S-1 filing, providing the clearest view yet into the business side of the A.I. boom and setting the stage for what could be the largest initial public offering in history. We’ll talk to Erin Griffith, who has been reporting on the story, about what it means for the company, the tech industry and the broader economy. Then we’re joined by the tech reporter Mike Isaac and the writer Jasmine Sun to break down the rest of this week’s tech news, including how the midterm elections next week could affect the future of tech policy, as well as the latest round of cybersecurity worries and Microsoft’s offer of buyouts to 60,000 employees. Guests: Erin Griffith, a technology reporter at The New York TimesMike Isaac, a technology reporter at The New York TimesJasmine Sun, journalist and writer at jasmi.news Additional Reading: Anthropic Reveals Skyrocketing Growth and Spending Plans in I.P.O. FilingWhat’s Riding on Anthropic’s Market Debut? Nearly Everything.Anthropic’s I.P.O. Prospectus Spells Out a Future of Promise and PerilWhy Anger About Data Centers and Energy Prices May Not Swing VotesWhat Is PHP? Why Are Government and Business Websites Going Offline?Microsoft Offers Buyouts to 60,000 Employees as It Spends on A.I.We want to hear from you. Email us at hardfork@nytimes.com. Find “Hard Fork” on YouTube and TikTok.   Subscribe today at nytimes.com/podcasts or on Apple Podcasts, Spotify and Amazon Music. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

  • The Walt Disney Company

    22 Jun

    The Walt Disney Company

    The Walt Disney Company is the most successful enterprise ever created for monetizing human nostalgia. Today it’s the king of global entertainment, holding the intellectual property rights to the childhood memories of billions of people (including, likely, all of you) and is a reliable, predictable profitable business. But it didn’t start that way. During Walt’s era, Disney operated like an unhinged moonshot factory, blowing its finances on one seemingly crazy project after another, like the very first feature-length animated film or a theme park inspired by Walt's fascination with model trains (spoiler: Disneyland). Walt’s relentless ambition to bet the company over and over again not only created some of the most monumental artistic achievements of the 20th century (Snow White, Fantasia, Disney Imagineering), but also resulted in the accidental invention of the modern “flywheel” business model. In this episode, we tell the story of the ultimate marriage of art, commerce, and engineering — The Walt Disney Company: Walt's Era. Sponsors: Many thanks to our fantastic Spring '26 Season partners: J.P. MorganWeAreDevelopers eventVercelServiceNowStatsigLinks: Sign up for email updates, get our takeaways and research photos from each episode, and vote on future topics!The Acquired Disney Companion PDFOur Disney column in WSJThe original 1958 WSJ “Flywheel” articleWalt Disney: The Triumph of the American Imagination by Neal GablerThe Animated Man by Michael BarrierWalt Disney: An American Original by Bob ThomasBuilding a Company: Roy O. Disney and the Creation of an Entertainment Empires by Bob ThomasThe Disney Version by Richard SchickelPBS American Experience: Walt DisneyDisneyland HandcraftedWalt's 1966 EPCOT pitch videoWorldly Partners' Multi-Decade Disney StudyThe Walt Disney Family MuseumAll episode sourcesCarve Outs: Brooks Vanguard sneakersDefunctland YouTube ChannelAnimagraffs YouTube ChannelVolvo EX30The San Francisco SymphonyMore Acquired: Get email updates and vote on future episodes!Join the SlackCheck out the latest swag in the ACQ Merch Store!00:00 Start01:10 Intro06:03 Walt's Early Life & Artistic Calling (1901-1919)12:22 From Commercial Art to Laugh-o-grams (1919-1923)23:05 Hollywood, The Alice Comedies & Oswald's Loss (1923-1928)43:27 Mickey Mouse & The Synchronized Sound Breakthrough (1928)01:01:21 The IP Flywheel & Mickey Merch Explosion (1929-1933)01:09:57 Flywheel Terminology Unpacked01:18:53 Snow White: Walt's $1.5M Folly (1934-1937)01:52:01 The Burbank Studio, Debt & Strike (1938-1941)02:04:28 The Animators' Strike & Walt's Disillusionment (1941)02:15:43 WWII, The Vault & Creative Slump (1941-1950)02:24:27 Post-War Slump to Cinderella's Comeback (1945-1950)02:33:48 Walt's Obsession: Model Trains to Disneyland (1950-1952)02:38:44 Financing Disneyland: ABC, SRI & Davy Crockett (1953-1955)03:17:05 Disneyland's Grand Opening & The Evolving Flywheel (1955-1958)03:41:55 The Florida Project & Walt's Last Dream (1961-1966)03:54:26 Walt's Untimely Death & Roy's Legacy (1966-1971)03:57:57 Roy Finishes Walt Disney World (1966-1971)04:01:09 The Post-Walt Slump & Corporate Raiders (1970s-1984)04:09:44 Analysis: Why No Other Disney Flywheels?04:17:15 7 Powers04:20:45 Quintessence04:23:50 Carve-Outs + Outro ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

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