RECENT EPISODES
Sun 13 SeptThe Home DepotIn this episode, we explore Home Depot's remarkable journey from its founding by Bernie Marcus and Arthur Blank to becoming the world's largest specialty retailer with a market cap of $350 billion. We discuss the company's innovative business model, which emphasizes a vast inventory and exceptional customer service, and its strategic shift under Frank Blake that led to significant revenue growth. Additionally, we examine Home Depot's e-commerce strategy and its plans for future expansion in the competitive home improvement market.Sun 13 SeptHome DepotIn this episode, we explore Home Depot's remarkable journey from its founding to becoming the largest specialty retailer with a market cap of $350 billion. We discuss the innovative strategies employed by co-founders Bernie Marcus and Arthur Blank, including their unique marketing tactics and focus on customer engagement. The episode also examines the company's significant growth during the COVID-19 pandemic and its strategic shift towards e-commerce, positioning Home Depot to dominate the home improvement market in the coming years.Sun 9 AugDisney: The Renaissance and the EmpireIn 1984, Disney was a takeover target worth more dismembered than intact, with its stock down from 82 to 52 dollars and raiders planning to sell the film library to MGM. A boardroom coup installed Michael Eisner and Frank Wells, who raised park prices, restructured film production, and pioneered the animated musical format that produced Beauty and the Beast, Aladdin, and The Lion King.Sun 21 JunThe Walt Disney CompanyIn this episode, the hosts trace the full commercial architecture of the Walt Disney Company from Walt's childhood in early 1900s Chicago through the postwar era, with particular focus on how the loss of Oswald the Lucky Rabbit in 1928 permanently shaped Disney's obsession with IP ownership.Sun 17 MayVanguardJack Bogle founded Vanguard on May 1, 1975 after being fired from Wellington Management, exploiting a legal quirk to mutualize fund operations so that investors, not outside shareholders, owned the company entirely.Sun 12 AprFerrariThe discussion revolves around Ferrari's iconic status in the automotive industry, highlighting the F40 as a defining supercar and the brand's unique market position with limited production and high brand recognition. It reflects on Enzo Ferrari's entrepreneurial spirit, blending innovation with heritage, and introduces Ferrari's venture into electric vehicles like the Luce to attract a new demographic. Although not directly addressing AI or cryptocurrencies, Ferrari's brand strategy and craftsmanship in luxury align with emerging trends in high-tech automotive markets.Wed 4 MarRolexIn an episode centered on Rolex, the hosts trace how a Bavarian orphan named Hans Wilsdorf built the world's most valuable watch brand through marketing instinct rather than horological invention, from purchasing the Oyster waterproof patent in 1926 to staging the Mercedes Gleitze channel swim stunt in 1927.Tue 3 MarCostcoCostco's origins run through Sol Price, whom the hosts rank among the two or three most influential American retail capitalists, crediting him with inventing the scaled discount membership warehouse that Sam Walton openly admitted to copying. The episode traces how Price Club's insight that margin lived at the warehouse level, not the store, became the operational core Costco cloned in 1983, reaching three billion dollars in revenue faster than any company before it.Mon 2 MarFormula 1The podcast explores the evolution of Formula One from its origins to its current status as a premier motorsport, emphasizing the substantial financial investments, including $20 million cars and the upheaval in team ownership, especially with Liberty Media's acquisition. It also touches on technological advancements like hybrid engines and the impact of media strategies on audience growth. The discussion hints at future innovations and sustainability efforts within the sport, reflecting its adaptability amidst financial complexities.Mon 26 JanThe NFLThe podcast discusses the NFL’s impressive growth and cultural crossover, notably with Taylor Swift, emphasizing its dominance in television viewership and revenue generation through lucrative contracts. Insights on player safety concerns and the rise of legalized sports betting highlight emerging challenges and opportunities. Additionally, the NFL's evolution in ownership dynamics and integration of streaming platforms marks a significant shift in the league's business model, reflecting broader trends in media and technology.Mon 26 JanThe NFL (2026 Update)The episode discusses the NFL's significant growth and evolving business strategies, including new streaming deals with major platforms and the influence of legalized gambling. It highlights the league's cultural impact and financial success, projected to exceed $25 billion by 2027, while addressing challenges such as player safety and participation decline. Additionally, it notes private equity's role in promoting competitive balance among teams, alongside the importance of technological partnerships in expanding the NFL's global reach.Fri 2 JanRolexIn the episode, David and Ben explore Rolex's prestigious legacy, emphasizing its craftsmanship, market strategies, and adaptation during the quartz crisis. They also discuss Rolex's historical significance, particularly in Geneva, and its marketing excellence, which reinforces its luxury status. While not primarily focused on AI or blockchain, insights into Rolex's innovative engineering resonate within wider discussions of technology's impact in luxury goods, reflecting evolving consumer preferences.Thu 1 JanCostcoBen Gilbert and David Rosenthal analyze Costco's innovative business model, highlighting its emphasis on customer value through bulk offerings, low prices, and ethical practices. They note Costco's impressive growth driven by word-of-mouth rather than advertising, alongside the significance of its membership model and the successful introduction of the Kirkland Signature brand. Additionally, the conversation touches on Costco's growth potential in international markets, showcasing its resilience and commitment to product quality.Sun, 14 Dec 202510 Years of Acquired (with Michael Lewis)In the 10th anniversary episode of "Acquired," hosts Ben and David reflect on their evolution in podcasting, emphasizing storytelling over conventional media approaches, influenced by their venture capital backgrounds. Michael Lewis shares insights on investment philosophy and decision-making. The hosts highlight the challenges posed by recent cryptocurrency collapses, like FTX, and discuss the technological impact on innovation, particularly regarding research funding by big tech and the importance of maintaining audience trust in their storytelling.Sun, 23 Nov 2025Coca-ColaThe podcast discusses Coca-Cola's historic evolution from a patent medicine to a $300 billion beverage powerhouse, emphasizing brand strength and innovative marketing strategies. It notes Coca-Cola's adeptness at leveraging strategic partnerships and bottling operations for expansion, contrasting this with contemporary challenges in maintaining market share amid growing competition, such as Gatorade and Pepsi. While the discussion primarily centers on Coca-Cola, insights on AI, cryptocurrencies, and blockchain technology are not explicitly mentioned.Tue, 4 Nov 2025Acquired Live at Radio City Music Hall (Presented by J.P. Morgan)The live show at Radio City Music Hall features notable figures like Jamie Dimon and Meredith Coveit-Levian, enhancing the "acquired cinematic universe." While the main focus is on prominent leaders and their companies, the event hints at broader themes, likely including the intersection of AI, blockchain, and cryptocurrencies in innovative business strategies.Sun, 26 Oct 2025Trader Joe’sThe podcast highlights Trader Joe's unique grocery market position, focusing on its strong branding, private label strategy, and consumer-oriented approach. Its model avoids traditional advertising and relies on direct relationships, showcasing high-quality products while minimizing reliance on external brands. The discussion also touches on trends in consumer preferences and the grocery industry, though it does not delve into AI, cryptocurrencies, or blockchain technology specifically.Sun, 5 Oct 2025Google: The AI CompanyThe episode discusses Google's evolution into a leading AI company, highlighting the significance of its transformer model and AI chips like TPUs. Insights into foundational models and Google's Gemini project underscore the competitive landscape with entities like OpenAI. Additionally, the conversation emphasizes the implications of AI advancements for user experience and Google's ongoing challenges in maintaining market dominance amid rising competition in AI technology and its potential integration with blockchain and cryptocurrencies.Tue, 30 Sept 2025Acquired Live at Radio City Music Hall (Presented by J.P. Morgan)The live show at Radio City Music Hall featured industry leaders like Jamie Dimon and Meredith Coveit-Levian, focusing on the "acquired cinematic universe." Notably, the discussion included insights into the roles of AI in various sectors, as well as the relevance of cryptocurrencies and blockchain technology in shaping business landscapes. The grandeur of the venue complemented the exploration of iconic companies and influential figures within the financial and media sectors.Tue, 26 Aug 2025Alphabet Inc.The podcast examines Alphabet Inc.'s transformation of Google from a search engine to a tech powerhouse, emphasizing its strategic acquisitions, innovative products like Gmail and Google Maps, and the adoption of Android. Key insights include Gmail's monetization through targeted ads despite privacy concerns and Google's commitment to user experience, which drives its dominance in AI and potential contributions to blockchain technology, enhancing its advertising model in a rapidly evolving market.Thu, 17 Jul 2025Acquired Live at Radio City Music Hall (Presented by J.P. Morgan)The live show at Radio City Music Hall features prominent figures like Jamie Dimon and emphasizes the grandeur of iconic venues, mirroring concert films. It highlights the significance of influential companies and their leaders within the "acquired cinematic universe." While specific insights on AI, cryptocurrencies, and blockchain technology are not directly mentioned, the context suggests a celebration of innovation and leadership in modern finance and technology.Wed, 16 Jul 2025The Jamie Dimon InterviewIn the interview, Jamie Dimon highlights the importance of risk management in banking, advocating for transparent strategies to handle financial challenges. He discusses the impact of key acquisitions during the 2008 crisis, underscoring the need for strong balance sheets. Dimon also touches on the evolving landscape for banks, emphasizing the role of technology in improving operations, which may tie into future developments in AI and blockchain technology in the financial sector.Tue, 15 Jul 2025Acquired Live at Radio City Music Hall (Presented by J.P. Morgan)The episode highlights a live show at Radio City Music Hall featuring prominent figures like Jamie Dimon and Meredith Coveit-Levian. It captures the grandeur of the event while embodying the "acquired cinematic universe" focused on influential companies. Although cryptocurrencies and blockchain technology aren't directly discussed, the prominence of leaders in finance hints at potential insights related to AI and market innovation in these fields.Sun, 29 Jun 2025Google: The Origin of SearchBen Gilbert and David Rosenthal discuss Google's origin and dominance in the tech landscape, highlighting its 90% search engine market share and the innovative partnership between co-founders Larry Page and Sergey Brin. They delve into Google's technological advancements, particularly the development of PageRank for ranking web pages and its successful advertising model that transformed user intent into revenue. Although not directly mentioned, the conversation hints at how such foundational innovations parallel emerging trends in AI, cryptocurrencies, and blockchain technology.Sun, 29 Jun 2025GoogleThe discussion centers on Google's pivotal role in the development of artificial intelligence, highlighting its dominance in the U.S. market and challenges from emerging AI competitors. It explores the origins of Google, co-founders Larry Page and Sergey Brin, and their innovative ranking system, PageRank. Additionally, the conversation touches on Google's evolution, including the introduction of AdWords, emphasizing its transformative impact on digital advertising and user experience amidst a competitive landscape.Sun, 1 Jun 2025The Steve Ballmer InterviewIn the interview, Steve Ballmer discusses his transformative journey at Microsoft, highlighting how the shift to per-unit licensing and the establishment of Microsoft Office/M365 were crucial for enterprise success. He emphasizes the importance of collaboration, third-party developers, and adapting to changing markets. While not directly addressing AI, cryptocurrencies, or blockchain, insights into Microsoft's evolving business models and platform strategies hint at potential future intersections with these technologies in driving innovation and competitiveness.Mon, 28 Apr 2025Announcement: Acquired Live at Radio City Music Hall!The hosts announce a live podcast celebration at Radio City Music Hall on July 15th for their 10th anniversary, featuring a surprise lineup and a focus on a larger venue compared to last year. Ticket prices will range from $100 to $200, with presale available at acquired.fm/NYC. Additionally, they acknowledge enhanced audience engagement in New York and express gratitude to JP Morgan for support, highlighting opportunities for mingling and exclusive merchandise at the event.Sun, 20 Apr 2025Epic Systems (MyChart)Ben Gilbert and David Rosenthal analyze Epic Systems and its MyChart software, highlighting its pivotal role in healthcare through effective patient record management and customer retention over 47 years. They discuss the transformative impact of legislation like the HITECH Act on electronic health records (EHR) adoption. Additionally, they explore the potential of AI to enhance EHRs and Epic's strategic value amid speculation regarding acquisitions by major tech firms like Microsoft and Google.Sun, 23 Mar 2025Indian Premier League CricketThe discussion highlights the Indian Premier League (IPL) as a transformative force in cricket, turning the sport into a fast-paced entertainment product that appeals to American fans. The conversation also touches on the league's estimated $16 billion valuation and innovative auction system, attracting significant global investment. Additionally, insights into franchise ownership and sponsorship strategies reveal the potential for the IPL to rival established leagues like the NFL in the coming years, particularly through enhanced media rights and digital engagement.Sun, 23 Feb 2025RolexThe episode emphasizes Rolex's legacy, anchored in craftsmanship and innovative marketing strategies that have solidified its luxury status, despite facing digital competition. Key insights include Rolex's historical significance with the Daytona, its ability to adapt amidst the quartz crisis, and brand positioning that appeals to influential figures. While not directly discussing AI, cryptocurrencies, or blockchain, the evolving luxury market dynamics hinted at potential intersections with these technologies in branding and authenticity capture.Sun, 26 Jan 2025TSMC Founder Morris ChangIn this podcast episode, TSMC founder Morris Chang shares insights on his enduring partnership with NVIDIA, emphasizing long-term relationships over short-term gains. He discusses the strategic importance of R&D investment, particularly in AI chip technology, and the significance of the fabless model in the semiconductor ecosystem. The conversation also highlights TSMC's unique role as a dedicated foundry supplier, adapting to industry demands while addressing challenges from major clients like Apple and the impact of evolving technology on market dynamics.Mon, 20 Jan 2025TSMC (Remastered)This podcast episode, titled "TSMC (Remastered)," highlights TSMC's dominance in semiconductor manufacturing and its immense growth, surpassing a $1 trillion market cap. It discusses founder Morris Chang's pivotal contributions and the company's innovative foundry model that supports AI and blockchain technologies through partnerships with major firms like NVIDIA and Qualcomm. The episode also examines geopolitical risks affecting TSMC's operations in Taiwan, emphasizing its critical role in the tech landscape and potential future challenges in maintaining its competitive edge.Sun, 15 Dec 2024Mars Inc. (the chocolate story)In this episode, David and Ben explore the rich history and evolution of Mars Incorporated, emphasizing its strategic innovations in the chocolate industry, including the success of M&M varieties and iconic products like Snickers. They also touch on the competitive dynamics with Hershey and Mars's dual focus on pet care and candy. Additionally, the podcast highlights the challenges posed by climate change to cocoa production, signaling the need for sustainable practices amid evolving consumer preferences relevant to the broader context of industries adapting to technological advancements like AI, cryptocurrencies, and blockchain.Sun, 17 Nov 2024IKEAIn this episode of Acquired, hosts Ben Gilbert and David Rosenthal explore IKEA's history, highlighting Ingvar Kamprad’s innovative strategies, including the introduction of dropshipping and a unique catalog model that reshaped furniture retail. They discuss IKEA's adaptability in e-commerce and demographic focus on younger customers. Although the episode doesn’t directly address AI, cryptocurrencies, or blockchain technology, it offers insights into how innovative business practices can influence modern retail dynamics amidst technological advancements.Sun, 27 Oct 2024MetaThe podcast episode centers on Meta's evolution, emphasizing its global reach and strategic innovations in social connectivity. Key insights include Zuckerberg's early AI-driven projects, like the AI DJ plugin, and the integral role of advertising strategies in Meta's growth amidst privacy concerns. Additionally, the discussion highlights ongoing investments in augmented and virtual reality technologies, showcasing how AI enhances ad targeting and user engagement while facing competition from emerging platforms.Sun, 29 Sept 2024Acquired LIVE from Chase Center (with Daniel Ek, Emily Chang, Jensen Huang and Mark Zuckerberg)In this podcast episode at Chase Center, guests Daniel Ek, Emily Chang, Jensen Huang, and Mark Zuckerberg explore the evolution of technology and media. Ek highlights Spotify's shift to an all-encompassing audio service, while Huang discusses responsible AI advancements. Zuckerberg addresses the metaverse's potential and emphasizes Meta's commitment to human connection and robust AI research, despite challenges. The conversation underscores the importance of adaptability, innovation, and authentic leadership in the tech landscape.Tue, 17 Sept 2024The Mark Zuckerberg InterviewIn the podcast, Mark Zuckerberg discusses the evolution of his public persona and the entrepreneurial challenges he faced while building Facebook, now Meta. He emphasizes the integration of AI in augmented reality technologies as vital for enhancing social connections. Zuckerberg also outlines Meta's commitment to open-source innovation and the company's governance structure that allows for long-term vision, alluding to the importance of adaptability amidst competition from other tech platforms.