I’m excited about our guest today. Jack’s been doing startups from a young age. In his early twenties he started a company called Milo, which ended up being acquired by eBay for around $80-90m. Since then he’s been using a studio model at Atomic; the “two pizza team” principle. His dynamic teams have been busy churning out innovative ideas that scale into billion dollar companies. Jack moved the firm to Miami over the pandemic and hasn’t looked back. I would encourage anyone young listening to this to definitely go out and build. There’s a lot to build, lots of problems to solve and things to fix. Just do it.
Guest - Jack Abraham, Founder, CEO and Managing Partner at
Atomic.vc
howardlindzon.com,
atomic.vc,
atomic.vc/futurefounders/
Twitter: @howardlindzon, @PanicwFriends, @jackabraham, @knutjensen
linkedin.com/in/jackabraham
#fintech #invest #investment #venturecapital #stockmarket #finance
Show Notes:
(00:40) – Intro
(03:35) – Welcome Jack
(04:23) – Moving to Miami
(08:27) – Major firms in Miami
(13:46) – The epicenter of the startup scene
(18:34) – Founding Milo
(27:12) – Getting acquired by eBay
(31:50) – Meeting and mentoring Entrepreneurs
(32:53) – Delivery by building the last mile at scale
(36:19) – Complexity of the studio model
(39:20) – Innovating with "two pizza" teams
(42:43) – Avoiding the traps of the studio model
(44:17) – Looking for the compounders
(44:35) – OpenStore - Liquidity drives progress
(50:10) – Two public companies outside of FAANG
(53:16) – Labor participation and inflation
(53:39) – Technology improves productivity
(57:21) – Closing thoughts