Barry Diller - Building An Entertainment Empire - [Invest Like the Best, EP.441]
Episode publishedPodcast: Invest Like the Best with Patr...Invest Like the Best with Patrick O'Shaughnessy
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The best operators have a relentless focus on leverage, finding ways to multiply their impact rather than just working harder. But here's what I see happening in finance teams everywhere. Brilliant people getting buried in expense management busy work. If you think about it, you become a finance leader because you love strategic work. Modeling scenarios, optimizing capital allocation, finding the insights that actually move the business forward. But instead, you're chasing receipts and categorizing transactions. It's the opposite of leverage. This is exactly why I'm so bullish on what the team
The more you grow, the more complexity you absorb. The more you say yes, the harder
it is to scale efficiently and consistently. That's where Ridgeline comes in. Ridgeline automates customization. It gives assay managers the ability to deliver personalized experiences at scale without adding headcount, manual work, or operational risk. Having been an early design partner myself, I saw firsthand the power of taking an entirely clean sheet of paper to building the system we've all been waiting for. A front to back platform that combines all of the firm's core functions on a single dataset. It's how leading firms stop choosing between growth and efficiency and start saying yes t
Patrick O'Shaughnessy is the CEO of Positive Some. All opinions expressed by Patrick and podcast guests are solely their own opinions and do not reflect the opinion of PositiveSum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of PositiveSum may maintain positions in the securities discussed in this podcast. To learn more, visit psum.vc.
We are hiring a research analyst to work with me and my team at PositiveSum. Our mission is to back founders doing their life's work, transforming a marketer industry in such a way that we believe can deliver extraordinary returns to our LPs. To find and then underwrite these investments, we conduct extensive research led by my partner Donald Lee Brown and his growing team. Our goal is simple to have every founder we engage with in a serious way tell us that we did the best job understanding their vision and their business. If this challenge excites you and you want to be near incredible entre
Our guest today is Barry Diller. Barry is the former CEO of Paramount Pictures, Fox Broadcasting, and the founder of IAC. He has been at the center of every major media transformation over the past five decades from creating the movie of the week format to building the fourth broadcast network to investing in a 150 plus Internet era companies. In this conversation, Barry reveals his philosophy of creative conflict, pushing smart opinionated people past their endurance point to generate breakthrough ideas. He also shares stories of working alongside media titans like Rupert Murdoch and Bill Gat
Please enjoy my great conversation with Barry Diller. When I ask around about you as I've done the last couple of days, lots of mutual friends, the word that comes up in every single conversation is curiosity. Insatiable curiosity maybe is the term that people use. And I love the part in your book about the time in the William Morris file room reading everything you possibly could. Where did the spark come from? Is it just innate in you? Has it always been this way?
Curiosity, I absolutely believe is innate. People could try, Oh, make me curious. So much to me is about biology and not necessarily willful direction, but the idea that you can pull it from someplace. I've always been innately cur
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