Charles & Chase Koch on How They Quietly Built a $150B Empire
Episode publishedPodcast: All-In with Chamath, Jason, Sa...All-In with Chamath, Jason, Sacks & Friedberg
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What an honor to be here. Thank you for hosting us Forbes and welcome. This will be put out as the all in interview, so I'm really excited to share this conversation with everyone on the world, on the internet, and to get some time with Charles Koch, Chase Koch. Chase and I have known each other since 2013
Yep.
When we overlapped in the agriculture industry, got to know each other. We've been business partners and Charles and I have gotten to know each other a few times over the years. But I'm really excited for this conversation tonight. So, Charles, thank you for being here.
Thanks for having us.
It's an honor. I'm going all in. Every few years, a new ad channel opens before the market catches on. That's axon.ai right now. The AI ad platform behind one of the biggest runs in tech with access to over a billion daily active users. Full screen video ads in mobile games watched for a median of thirty five seconds. Businesses are profitably spending hundreds of thousands of dollars a day on it and most advertisers don't even know it exists yet. The window is open at axon.ai/allin. In Silicon Valley, entrepreneurs and even mature company CEOs always like to learn about the story of other bus
I can go back through some of the history and the failures and successes but I'll go through what we've grown since the early nineteen sixties. And then we had 300 employees, now we have more than 130,000 and in 60 countries. And we have increased in value 9,000 times over that period.
When did you join the business?
1961. Full time, I'd been working. Well, my father, we lived on a farm and and he told me at age six, he didn't want me to be a country club bum. So it made me work in all my spare time, which I hated and and so I was always in trouble. And and so he was kinda tough on me, rightfully so. And and thank God he did. Years later I I asked him, pop why were you so much tougher on me than you were on my younger brothers? And he said, son, you plum wore me out.
When you came into the business, what was the scope of the business? What was We the business
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