Sessions: David Senra (Founders Podcast)

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Published 2023-03-29
ACQ Sessions returns with David Senra of the Founders Podcast. David is one of our very favorite people in the world — it’s impossible to spend an hour (or 3!) with him and not come away inspired to go take over the world. This conversation is an “extended, IRL version” of monthly calls that we do together where we share stories, swap life and podcast advice, and just genuinely enjoy sharing time with someone who shares our outlook and enthusiasm for the history of entrepreneurship. Pull up a chair, grab a beverage (or energy drink in David’s case) and join us!

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Links:

Go subscribe to Founders!
pod.link/founders

Some of our favorite episodes:

Bernard Arnault
pod.link/founders/episode/820a5119b72b76b210df24e7…

Brunello Cucinelli
pod.link/founders/episode/41a47a7535026098511ae2c1…

Edwin Land
pod.link/founders/episode/b5637cb4b83ff459da8d05d8…

Kobe Bryant
pod.link/founders/episode/bda7f5dbc148b894f7ba4ad4…

Topics:

0:00:00 Intro
0:03:30 David’s time with Charlie Munger
0:06:00 Henry Flagler after Standard Oil
0:09:00 What makes a great biography, and how to capture all sides of complex characters?
0:11:30 Studying history is a form of leverage to achieve success
0:13:30 How do we figure out what the true story is for an episode we're doing?
0:21:00 Silicon Valley should focus more on durability than growth
0:22:00 How David got into reading biographies and podcasting
0:26:10 What were each of their influences before starting Acquired and Founders?
0:36:00 How to suck less over time
0:38:00 What motivates, Ben, David, and David to get better?
0:45:30 Dead ends: business model changes, paid podcasts, changing the name to “Adapting”, and Senra's “Autotelic”
0:52:00 “You’re not advertising to a standing army, you’re advertising to a moving parade”
0:56:30 Comparison of podcasting business models
1:00:40 Senra’s insane Readwise "healthy twitter" habit
1:05:00 Is it possible for the ultra-wealthy not to mess up their kids?
1:15:00 The fleeting moments you get to spend with your kids
1:17:30 The value of building relationships with best-in-class peers
1:20:00 How the book publishing industry works
1:29:15 How to differentiate yourself as an investor in 2023?
1:39:00 The greatest historical examples as content marketing
2:02:30 The best businesses are cults (and Senra starts one on the episode)
2:07:30 Senra gives feedback to Ben and David on Acquired episode format
2:16:00 Steve Jobs’ 1997 product matrix
2:17:30 The moral imperative to market products that help people
2:23:30 Ray Kroc and Steve Jobs: deeply flawed founders
2:24:00 The founders we idolize are world-builders
2:28:30 When yachts and jets are underpriced assets
2:32:30 How to compete when money is cheap vs. when there are real interest rates
2:40:00 When Ben and David have fixed broken episodes in post-production
2:45:00 Why masters of craft are so interesting to study
2:46:00 Should you listen to advice?
2:51:30 David’s first job detailing cars
2:53:00 The Cuban experience immigrating to Miami
3:01:30 College entrepreneurship programs
3:04:30 Ben’s experience learning UNIX as a kid
3:09:00 David remembers Tim Ferriss guest lecturing in college

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.

All Comments (21)
  • This is gold. Three hours of the two best business-building podcasts sharing what they've learned through their work. 12/10 👏
  • At 58 years old I have been trying to grow my bookkeeping business. I constantly watch and listen to business podcasts as well as read tons of books. This YouTube episode is mind blowing! Anyone who is or wants to be an entrepreneur must watch this!!! Phenomenal
  • Massively inspired by David. What a man! And great podcast to all of you.
  • @AndrewDarlow
    Outstanding conversation. I appreciate the honesty and life experiences. Founders is one of my favorite podcasts, and now I have many Acquired episodes to dive into!
  • @StartupSpells
    2 of my favorites for 3 hours. knew it after i saw that tweet.
  • @barriehep
    2:09:22 !! That’s the next T-shirt….. “OK let’s bring this home….” and the ACQ logo.
  • @RAM-py6zp
    Love David's work ethic. Same for you guys, keep up with the amazing podcast. Greetings from Brasilia/BRAZIL
  • @c.phikiso8936
    My first and last YouTube comment: This was awesome. I've watched it twice already.
  • David is my guy in the ear. The narrator of the greatest entrepreneurs who ever lived.
  • @liyaaa5941
    Absolutely incredible podcast. It was so good that I wish it could have gone on for another 3 hours. Very inspiring!
  • @Betweterspodcast
    I have listened to this podcast 3 times now. This episodes deserves a award.
  • I can't believe David had lunch with Charlie Munger AND Sam Zell!!!! Sam just passed away this month. David is focused on the legends. I so so so appreciate David's podcast and his passion for learning. I've recommended it to EVERY founder I've ever met and many have thanked me later for the recommendation. It is the very best on the internet. Frankly, I REALLY like Acquired as well. Their podcast on Bitcoin radically changed my perspective on crypto currency on Bitcoin in particular. Thanks to all of you!
  • @maasdd
    This is great! Would be great to learn more about your business and your prep for shows - getting sponsors - investing etc
  • @manavgolecha
    Man listening to Acquired and David is Gold! I'm obsessed
  • @elenakozlova7681
    I tried this strategy on my demo account and it worked like a charm! And I didn't even always follow all the conditions exactly, for example I tried it on a range market and it worked there too! This simple strategy is so robust!
  • @ngalawena
    This is crack cocaine for us mungerites