Chapter
Evaluating Criteria for Investing in a Business
32:49 - 38:30 (05:40)
The criteria for investing in a business vary and may include factors such as potential network effects, total addressable market, founder, and more. Analyses such as scaling up the business plan can help determine the number of sales needed to drive productivity.
Clips
Chuck Templeton on the podcast "Founders Talk" explains how he came up with the idea of OpenTable and how he believes in writing in order to think and discover what he thinks.
32:49 - 36:37 (03:47)
Summary
Chuck Templeton on the podcast "Founders Talk" explains how he came up with the idea of OpenTable and how he believes in writing in order to think and discover what he thinks. Chuck also talks about the network on top of the restaurant industry and how it can absorb waste and make it more efficient.
ChapterEvaluating Criteria for Investing in a Business
Episode#651: Legendary Investor Bill Gurley on Investing Rules, Finding Outliers, Insights from Jeff Bezos and Howard Marks, Must-Read Books, Creating True Competitive Advantages, Open-Source Strategies, Adapting Mental Models to New Realities, and More
PodcastThe Tim Ferriss Show
The success of investing in businesses with potential network effects such as OpenTable and Uber depends on believing that things can go right, despite many obstacles in the way.
36:37 - 38:30 (01:53)
Summary
The success of investing in businesses with potential network effects such as OpenTable and Uber depends on believing that things can go right, despite many obstacles in the way. Although market share was capped at 17%, the belief in the potential of these companies was upheld and proved successful.