Acquired

About this creator

Acquired is a long-form business podcast that breaks down the companies, acquisitions, and strategic decisions behind iconic businesses.

Why they're in the library

Included for clear, credible perspective as long-form business podcast that breaks down the companies, acquisitions, and strategic decisions behind iconic businesses.

Showing 168 digests for Acquired.

Case studies

Podcast

How ARM's low-power chip architecture came to power every smartphone

Acquired February 3, 2019


Case studies 10
Business models 8
Fundraising & VC 6
  • ARM's rejection by Intel forced a RISC breakthrough that beat Intel on performance.
  • Apple's $1.5M Newton bet created ARM — then ARM's IPO saved Apple from bankruptcy.
  • SoftBank paid $32B in two weeks after a dinner conversation in Woodside.

Case studies

Podcast

How ESPN became the most valuable sports media business in the world

Acquired January 21, 2019


Case studies 10
Business models 8
Bootstrapping 6
  • Fired from a hockey team, Rasmussen built ESPN on land that was a dump
  • Flipping who pays whom in cable created ESPN's billion-dollar business model
  • Hearst paid $175M for 20% of ESPN — and never had to do anything

Origin stories

Podcast

How Tencent built the world's most powerful digital ecosystem

Acquired December 17, 2018


Origin stories 10
Business models 8
Fundraising & VC 6
  • Selling digital clothing for avatars in 2002 funded a half-trillion dollar empire.
  • WeChat's four-hours-a-day engagement dwarfs every US social app combined.
  • NASPERS turned $32M into $175B — the strongest case for greatest investment ever.

Origin stories

Podcast

Netflix's streaming era: from Roku spinout to global content flywheel

Acquired November 25, 2018


Origin stories 9
Business models 8
Pivoting 6
  • Netflix spun out Roku two weeks before shipping its own hardware.
  • The Quickster fiasco erased 80% of Netflix's market cap in months.
  • Debt-funded content flywheel drove 30% subscriber growth year after year.

Origin stories

Podcast

Netflix's unlikely founding: DVD bets, blockbuster wars, and survival

Acquired November 12, 2018


Origin stories 10
Pivoting 6
Scaling infrastructure 5
  • Netflix was Mark Randolph's idea, not Reed Hastings'
  • Blockbuster nearly won — until Carl Icahn fired the CEO who was beating Netflix
  • A 40% single-day layoff and $15M in the bank at IPO

Origin stories

Podcast

From SMS Payments to Social Wallets: The Venmo Story

Acquired October 29, 2018


Origin stories 9
Pivoting 7
Fundraising & VC 6
  • How Andrew Kortina pivoted from SMS musicians to consumer peer-to-peer payments
  • Why Venmo's real business model always required merchant adoption, never fees
  • Bill Widmore was the only investor who understood acquiring a cash-burning startup

Founder interviews

Podcast

How Behance bootstrapped for five years before selling to Adobe

Acquired October 2, 2018


Founder interviews 10
Bootstrapping 8
Exit strategy 6
  • Bootstrapping with paper journals and conferences kept the cap table clean
  • Raising too early dilutes founders more than a lower acquisition price costs
  • Being at the core of Creative Cloud, not an appendage, made the deal work

Origin stories

Podcast

Alibaba: How Jack Ma built China's dominant tech empire

Acquired September 24, 2018


Origin stories 10
Business models 6
  • Jack Ma failed KFC's hiring process; later built a half-trillion-dollar company.
  • Alibaba owns no inventory, employs no couriers, yet outsells Walmart globally.
  • Goldman Sachs sold its Alibaba stake for $22M — now worth tens of billions.

Founder interviews

Podcast

How Kara Swisher built Recode and why she sold it to Vox Media

Acquired September 11, 2018


Founder interviews 10
Bootstrapping 6
  • Swisher sold Recode within months of launch to escape the VC new-media bubble.
  • Podcasts beat web content because the revenue stays with the creator, not the platform.
  • Controlling your own revenue is the only way to protect editorial independence.

Origin stories

Podcast

Xiaomi's IPO: hardware, ecosystem, and the China tech wave

Acquired August 6, 2018


Origin stories 9
Business models 7
  • Xiaomi caps hardware margin at 5% to force a services business model.
  • Weekly software updates and a fan forum drove half a million users before launch.
  • The ecosystem model: 100+ companies build products under the Xiaomi brand.

Origin stories

Podcast

Tesla: how a near-bankrupt startup created the electric car era

Acquired July 17, 2018


Origin stories 9
Fundraising & VC 7
Business models 6
  • Tesla was founded by Eberhard and Tarpening, not Elon Musk
  • The company survived multiple near-bankruptcies through last-minute cash rescues
  • In 2018 Tesla needs $5.5 billion and must triple production to survive

Case studies

Podcast

How Rover won the dog-sitting wars and merged with DogVacay

Acquired June 18, 2018


Case studies 9
Business models 7
Exit strategy 6
  • The informal dog-care shadow market was ten times bigger than commercial kennels.
  • Rover came back from a 6-to-1 deficit by compounding conversion and repeat rates.
  • Post-close execution destroys more M&A value than mispriced deal terms.

Origin stories

Podcast

How one entrepreneur's wireless empire created AT&T, Sprint, and T-Mobile

Acquired May 21, 2018


Origin stories 10
Business models 6
  • One man, Craig McCaw, is the origin of AT&T Wireless, Sprint, and T-Mobile
  • T-Mobile's un-carrier pivot under Legere forced the whole industry to improve
  • Sprint has the 5G spectrum but not the money — T-Mobile has the opposite

Case studies

Podcast

How Microsoft's first acquisition turned PowerPoint into a billion-dollar business

Acquired May 4, 2018


Case studies 9
Business models 7
Pivoting 5
  • Forethought nearly died before a last-minute pivot created PowerPoint.
  • Microsoft left the team in Silicon Valley — accidental non-smothering drove success.
  • Bundling Word, Excel, PowerPoint into Office at $1,000 destroyed every competitor.

Origin stories

Podcast

How Spotify became a $30 billion company via a direct listing

Acquired April 6, 2018


Origin stories 9
Fundraising & VC 8
Business models 6
  • Spotify skipped the IPO — no new shares, no dilution, no lockup
  • Facebook's newsfeed doubled Spotify's user base overnight in 2011
  • 21% gross margins explain why a $5B revenue company still loses billions

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