『Joys of Compounding』のカバーアート

Joys of Compounding

Joys of Compounding

著者： Colossus | Investing & Business Podcasts
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This 'podclass' is a series of discussions with the world's best investors, company builders, academics, athletes, artists and human beings devoted to exploring the joys of compounding in all its forms. マネジメント・リーダーシップ リーダーシップ 個人ファイナンス 出世 就職活動 経済学
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  • Nilam Ganenthiran: Building a Beacon in the Fog of AI - [Joys of Compounding, EP. 37]

    Nilam Ganenthiran: Building a Beacon in the Fog of AI - [Joys of Compounding, EP. 37]
    2026/06/29
    Our teacher today is Nilam Ganenthiran, founder and CEO of Beacon, a centrally managed technology holding company that acquires the vertical software businesses serving the real economy. Nilam shares the immigrant story that shaped him and why trust becomes the scarce resource as AI turns competence into a commodity. He revisits the hard lessons of his eight years building Instacart, from leading in wartime to the morning Amazon bought Whole Foods. And he lays out the thesis behind Beacon, the bet that distribution and trust hold their value even as the cost of building technology falls, and why he sees a holding company as the right vessel to serve the parts of the economy that technology too often forgets. Please enjoy class with Nilam Ganenthiran. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- Become a Colossus member to get our quarterly print magazine and private audio experience, including exclusive profiles and early access to select episodes. Subscribe at ⁠colossus.com/subscribe⁠. ----- This episode is brought to you by https://www.portraitanalytics.ai/ - your centralized resource for AI-powered idea generation, thesis monitoring, and personalized report building. Built by buy-side investors, for investment professionals. We work in the background, helping surface stock ideas and thesis signposts to help you monetize every insight. In short, we help you understand the story behind the stock chart, and get to "go, or no-go" 10x faster than before. Sign-up for a free trial today at https://www.portraitresearch.com ----- This episode is brought to you by Eight Sleep — the Pod is a smart mattress cover designed to improve sleep by automatically cooling or heating your bed throughout the night. Built on the science that your body needs to cool down to reach deep sleep, it tracks your sleep and adjusts in real time to help you get better rest, recovery, and overall sleep quality. No wearables required.  Now through July 12th, get $500 off when you go to https://www.eightsleep.com/joys with Eight Sleep's Fourth of July sale and get their biggest discount of the year. ----- Joys of Compounding is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Joys of Compounding, visit⁠ colossus.com/episodes⁠. Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠). Follow us on Twitter: ⁠@Buhrman_Rick⁠ | ⁠@PaulBuser⁠ | ⁠@colossusmag Timestamps (00:00:00) Welcome to Joys of Compounding (00:04:38) Episode Intro: Nilam Ganenthiran (00:05:46) Why trust outlasts competence in the age of AI (00:07:48) From Kuala Lumpur to Canada (00:11:08) Why Canada (00:14:16) From grocery cashier to P&G to HBS (00:24:09) Parenting, serendipity, and the loss of free play (00:27:11) Joining Instacart and selling a vision (00:30:02) The hard lessons of eight years at Instacart (00:35:24) Leading in wartime (00:39:15) The day Amazon bought Whole Foods (00:45:08) Becoming the unlikely ambassador for an industry (00:47:05) Leaving Instacart and learning to invest at D1 (00:51:29) Building Beacon (01:00:15) Permanent capital (01:03:36) Building a founder-led team (01:10:02) Is software dead (01:14:03) The M&A machine and the operating system (01:19:50) The right tail and the blurring of software and services (01:24:22) Innovating with Main Street customers (01:29:33) Advice for the young and ambitious
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    1 時間 31 分
  • Annalise Dragic & Zoe Zhao: Software Pioneers in the Dawn of AI - [Joys of Compounding, EP. 36]

    Annalise Dragic & Zoe Zhao: Software Pioneers in the Dawn of AI - [Joys of Compounding, EP. 36]
    2026/05/18
    Our teachers today are Annalise Dragic and Zoe Zhao, co-founders of Azlin Software, a next-generation serial acquirer of B2B vertical software companies focused on the providers of essential services and care for families. Annalise and Zoe share how their friendship evolved into a co-founding partnership, the 150 conversations with founders and investors that shaped Azlin from a blank page, and the four values they distilled into the acronym CARE. They explain why they chose family services as their first vertical, what culture-led and technology-led growth look like inside a company of companies, and the role of their AI agent Lumos in keeping the team intentionally lean. The conversation also covers their first acquisition of Fusemetrix, a UK software business serving leisure and attraction operators, the shareholder base they have assembled including Nic Humphries of HG Capital, Mitch Rales, and Will Thorndike, and the equity-efficient permanent capital structure they have designed to align every party for the long term. Please enjoy class with Annalise Dragic and Zoe Zhao. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- Become a Colossus member to get our quarterly print magazine and private audio experience, including exclusive profiles and early access to select episodes. Subscribe at ⁠colossus.com/subscribe⁠. ----- This episode is brought to you by https://www.portraitanalytics.ai/ - your centralized resource for AI-powered idea generation, thesis monitoring, and personalized report building. Built by buy-side investors, for investment professionals. We work in the background, helping surface stock ideas and thesis signposts to help you monetize every insight. In short, we help you understand the story behind the stock chart, and get to "go, or no-go" 10x faster than before. Sign-up for a free trial today at https://www.portraitresearch.com ----- This episode is brought to you by Eight Sleep — the Pod is a smart mattress cover designed to improve sleep by automatically cooling or heating your bed throughout the night. Built on the science that your body needs to cool down to reach deep sleep, it tracks your sleep and adjusts in real time to help you get better rest, recovery, and overall sleep quality. No wearables required. Use the code JOYS at https://www.eightsleep.com/joys for up to $350 off the Pod 5. ----- Joys of Compounding is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Joys of Compounding, visit⁠ colossus.com/episodes⁠. Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠). Follow us on Twitter: ⁠@Buhrman_Rick⁠ | ⁠@PaulBuser⁠ | ⁠@colossusmag Timestamps (00:00:00) Welcome to Joys of Compounding (00:04:38) Episode Intro: Annalise and Zoe (00:06:00) Friends First, Co-Founders Second (00:07:45) How Annalise and Zoe Met (00:08:53) Should Co-Founders Be Similar or Complementary? (00:10:06) Tech & Investing Backgrounds (00:12:57) Annalise's Journey From LinkedIn to Investing (00:14:08) When Entrepreneurship Took Hold (00:16:29) Building With a Close Friend (00:18:33) Defining & Managing Burnout (00:20:46) Beyond the Resume (00:24:25) The Mentors Behind the Founders (00:27:34) The Nic Humphries Effect (00:29:34) Lessons From Visma (00:31:48) The Co-Founder Questionnaire (00:34:36) Why Choose B2B Software? (00:35:51) The 150-Person Benchmarking Exercise (00:37:14) Pioneering as Female Founders (00:39:25) The Name Behind Azlin (00:40:58) Azlin's Vision in Two Words (00:42:10) Why Acquire, Not Just Invest (00:45:40) What Makes a Great Target (00:46:16) The CARE Values (00:47:44) Investing in Family Services (00:51:28) Culture as a Multiplier (00:53:21) Building AI-Native From Day One (00:58:15) The Case for Equity Efficiency (01:02:49) When AI Isn't the Answer (01:04:58) Surprises From the AI Wave (01:06:52) Aligning Incentives for the Long-Term (01:11:35) Acquiring FuseMetrix (01:12:32) Life After the First Deal (01:14:27) The Levers of Compounding (01:17:24) A Compounder of Compounders
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    1 時間 18 分
  • Justin Yoshimura - Resurrecting & Rolling Up Retail - [Joys of Compounding, EP. 35]

    Justin Yoshimura - Resurrecting & Rolling Up Retail - [Joys of Compounding, EP. 35]
    2026/04/27
    Our teacher today is Justin Yoshimura, founder and CEO of CSC Generation, a profitable commerce platform doing over a billion dollars in annual revenue across brands including Sur La Table, Backcountry, and One Kings Lane. As we explore what it takes to build an enduring company in a sector most investors have written off, we turn to Justin's unconventional path, one that challenges familiar assumptions about credentials, capital structure, and the future of retail. Justin shares how he stopped attending school around the age of sixteen and built his own curriculum through entrepreneurship, selling cell phones on eBay as a teenager before founding a loyalty program SaaS company that was acquired by Merkle in his early twenties. He describes the influences that shaped CSC's design, including a Warren Buffett obsessed father and the long term holding company model he watched David Williams build at Merkle, and explains why he rejected the traditional buy and flip playbook in favor of permanent ownership backed by patient, contrarian capital. This special session explores Justin's approach to acquiring retail brands in transition, the AI native operating system called Genesis that has turned loss making companies profitable within the first year of ownership, and the lessons he has carried through COVID, tariffs, and a decade of building a contrarian business in an industry many had written off. Please enjoy class with Justin Yoshimura. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- Become a Colossus member to get our quarterly print magazine and private audio experience, including exclusive profiles and early access to select episodes. Subscribe at ⁠colossus.com/subscribe⁠. ----- This episode is brought to you by https://www.portraitanalytics.ai/ - your centralized resource for AI-powered idea generation, thesis monitoring, and personalized report building. Built by buy-side investors, for investment professionals. We work in the background, helping surface stock ideas and thesis signposts to help you monetize every insight. In short, we help you understand the story behind the stock chart, and get to "go, or no-go" 10x faster than before. Sign-up for a free trial today at https://www.portraitresearch.com ----- This episode is brought to you by Eight Sleep — the Pod is a smart mattress cover designed to improve sleep by automatically cooling or heating your bed throughout the night. Built on the science that your body needs to cool down to reach deep sleep, it tracks your sleep and adjusts in real time to help you get better rest, recovery, and overall sleep quality. No wearables required. Use the code JOYS at https://www.eightsleep.com/joys for up to $350 off the Pod 5. ----- Joys of Compounding is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Joys of Compounding, visit⁠ colossus.com/episodes⁠. Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠). Follow us on Twitter: ⁠@Buhrman_Rick⁠ | ⁠@PaulBuser⁠ | ⁠@colossusmag Timestamps (00:00:00) Welcome to Joys of Compounding (00:04:20) Episode Intro: Justin Yoshimura (00:07:02) Justin's Early Life and Childhood (00:10:20) Developing an Entrepreneurial Spirit (00:12:08) Building a Cell Phone Marketplace (00:14:39) Resilience as a Skill (00:16:26) Lessons from Y Combinator & Merkle (00:19:25) Why Choose Retail (00:22:12) Brands That Hit a Growth Wall (00:25:18) CSC's Founding Story (00:27:33) Direct Buy: CSC's First Deal (00:29:29) Justin's Fundraising Journey (00:32:15) Navigating the COVID Boom-Bust (00:36:19) Death by a Thousand Cuts in Retail (00:38:06) Competing for Deals (00:40:41) Lessons from the Tariff Shock (00:43:00) Backcountry Case Study (00:45:23) CSC's Genesis Platform (00:49:31) How AI is Changing Companies (00:52:01) Building an AI-First Culture (00:55:57) Hiring Well in the AI Era (00:58:09) Incentive Structures & Retention (01:01:40) Looking Ahead: CSC's Next Decade (01:05:08) Solving the Biggest Risk in Retail (01:08:30) The Decline of Search Traffic to Retailers (01:10:56) Closing Advice for Young People
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    1 時間 13 分
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