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Degenerate economy trends. The Executive orders are flying. Startups, private equity and venture capital. And our guest, Howard Lindzon, Founder of Social Leverage. NEW! DOWNLOAD THIS EPISODE'S AI GENERATED SHOW NOTES (Guest Segment) Ryan Zabrowski, CFP, MSF Howard Lindzon has over 20 years of experience in both public and private market investing. He previously founded and managed the hedge fund Lindzon Capital, and is currently the founder and General Partner of the early-stage venture capital firm Social Leverage as well as the CEO at Stocktwits, the leading social platform for traders and investors. Through Social Leverage, he and his partners have been seed investors in startups like Robinhood, Beehiiv, and Manscaped to name a few. Howard was the founder of Wallstrip (acquired by CBS). Throughout his career, Howard has strongly advocated for and helped drive the decentralization and democratization of investing. He resides in Phoenix, AZ and Coronado, California. Follow @howardlindzon Learn More at http://www.ibkr.com/funds Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Stocks mentioned in this episode: (GE), (BA), (AAPL). (GOOG), (DKNG), (HOOD)
My guest today is Howard Lindzon. It's impossible to summarize Howard's resume, but he's best known for founding StockTwits and as a private and public market investor. We start this conversation with a hilarious story of his early career at CBS. We then talk about a variety of other topics, like saying no when Fred Wilson brought him the Twitter deal, his investing philosophy, the degen economy, and a lot more. Please enjoy this conversation with the one and only Howard Lindzon. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @makingmkts | @ericgoldenx Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Making Markets (00:01:48) First Question - He explains the acquisition of WallStrip to CBS (00:04:27) How he was phantom fired from CBS (00:04:58) Comedy and his career path background (00:07:41) Why he likes comedians (00:09:49) How he plays the social media game well (00:11:15) Fred Wilson and the early days of Youtube (00:12:13 Going from TheStreet to Twitter (00:16:28) The trade off of sharing investment pros and cons publicly on Stocktwits (00:18:45) His public investment process versus his private investment process (00:21:31) He explains how the market is rigged (00:23:58) Passing on the opportunity to invest in early Twitter (00:26:38) The Cabal and the investment process (00:29:32) Founder scenarios that keep him from making deals (00:35:10) Network effects amongst sharing venture capital and how it works (00:38:41) Advice he has for new founders looking for venture capitalists (00:42:24) Support and advice for his family wanting to found startups (00:44:18) Challenges and joys in private and public investing (00:47:58) He explains the rich man, angry man, degenerate man investment theme (00:51:17) Sports betting and it's market effects (00:53:18) His view on crypto investments and Mt. Gox (00:57:19) The Luckin Coffee fraud and his opinion on market opportunities (01:00:49) His optimism for the future Learn more about your ad choices. Visit megaphone.fm/adchoices
As I mentioned when I covered how I built Wallstrip, I'm doing more origin stories over the next year. I'm covering my own projects as well as those of the ten or fifteen people from the companies I've loved and the products I've used in Web 2. There were mostly good exits, but there were also a few that we learned from. In today's episode I'm back in the hot seat covering the lessons learned from building Stocktwits in a Web 2 world. Knut and Riley join me as we talk about what worked back then, and what it will take to succeed building a company moving forward. This is a very different era. Back then money was the game in a zero interest rate world. Today I think it's more about the craft, and less about money. Do you know who your customer is? What are your margins? How are you going to make money, and how are you going to get your users? If founders and investors aren't asking those questions today, they could be looking at massive losses down the road. I hope this helps and maybe gives you a peak at what might be coming around the corner as AI seems to be eating the world right now. Enjoy! Guest - Howard Lindzon, General partner at Social Leverage and Host of Panic With Friends Podcast Co-hosts - Knut Jensen and Riley Rosebee howardlindzon.com, stocktwits.com, socialleverage.com Twitter: @howardlindzon, @be_rosebee @PanicwFriends, @knutjensen Rosebee.beehiiv.com linkedin.com/in/howardlindzon linkedin.com/company/socialleverage linkedin.com/in/knutejensen #fintech #invest #investment #venturecapital #stockmarket #finance Show Notes: Introduction (00:22) Historic look at Web 2 (01:58) Starting Stocktwits (03:25) Why I didn't wait (05:34) Creating Bloomberg on Twitter (06:54) Building the team (07:28) Coming up with the name (08:03) Raising money (09:24) The first version (12:04) Creating the branding (12:16) The cap table (15:57) Building around twitter (25:08) The cash tag (18:16) Building on our own (26:02) Early Web 2 lessons (29:56) Thoughts on AI (32:20) Valuing deals (33:56) Stocktwits culture (34:28) Predicting the future (37:57) Wrapping up (39:01) Closing thoughts (42:58)
No, you haven't entered the Twilight Zone. Yes, I'm the host of Panic with Friends, but in today's special episode, I'm the guest. My producer Knut Jensen has turned the tables and put me in the hot seat. With so many questions about how and why I started Wallstrip, I felt it was time to lay it all out. And hopefully this answers a lot of those questions. We cover the good, the bad, and the funny times building my first internet company – and how those lessons carried over when I started Stocktwits – lessons like finding the right mentor and having domain experience around an idea, and the three key ingredients: product, team and timing. It's a different spin on Panic with Friends where we're going back and telling these types of stories with our best founders, so you'll be seeing more episodes like this in the future. And of course, the big question on Wallstrip, would I do it again? You'll have to listen to find out! Guest - Howard Lindzon, General partner at Social Leverage and Host of Panic With Friends Podcast Co-host - Knut Jensen howardlindzon.com, socialleverage.com, stocktwits.com youtube.com/channel/UCGEU5Xa_5HKMb6gEFfGYdTw/videos Twitter: @howardlindzon, @PanicwFriends, @knutjensen linkedin.com/in/howardlindzon linkedin.com/company/socialleverage linkedin.com/in/knutejensen #fintech #invest #investment #venturecapital #stockmarket #finance Show Notes: Introduction (00:27) Coming up with Wallstrip (01:42) Starting with GolfNow (07:55) YouTube becomes a thing (10:27) Cold pitching Fred Wilson (11:59) Raising funds (15:08) Finding the team (18:34) The formula (22:36) Gaining traction (25:13) Would I do it again? (27:09) My ‘growth hack' (30:24) The ‘moment' it's successful (31:10) Now the pressure is on (32:36) The right kind of attention (31:54) Dealing with haters (33:56) Sell or grow (38:14) The Jim Cramer spoof (39:21) My Costanza moment (41:04) CBS acquires Wallstrip (41:30) The right people domain experience (44:29) Wrapping up (46:35) Closing thoughts (46:56)
In this episode, I'm back in the hot seat again while my producer Knut grills me on what I'm calling my ‘errors of omission'. It's part of my plan this year to cover various points in my career. Previously I've discussed details on Wallstrip and Stocktwits. Both of those episodes answered a lot of the questions I've been asked over the years. But one of the questions I'm asked most often as an investor and entrepreneur is, “Howard, what's your biggest mistake, your biggest miss?” I've been in this game for a while now – so it's a splendid idea to finally share them in a format where everyone can learn from my mistakes. I lay out my biggest errors, or what I would call errors of omission versus errors of commission, in the spirit of Bessemer Ventures “anti-portfolio” – that is some of the biggest ones they missed, like AirBnb, Coinbase, and eBay to name a few. I cover three of my biggest whiffs. It's part of the joy of investing, the irreverence, having the cojones to create a whole anti-portfolio and share it. You may have even heard of one or two of mine. Guest - Howard Lindzon, General partner at Social Leverage and Host of Panic With Friends Podcast Host - Knut Jensen howardlindzon.com, socialleverage.com Twitter: @howardlindzon, @PanicwFriends, @knutjensen LinkedIn: howardlindzon, socialleverage, knutejensen #fintech #invest #investment #venturecapital #stockmarket #finance Time Stamps: Intro (00:33) Knut's biggest mistake (01:39) The anti-portfolio (02:10) Getting asked to dance (03:57) Setting the stage (05:01) First miss (06:26) Network Effects (10:20) Lesson on valuation (12:51) The next big miss (14:21) Making the same mistake (16;00) Another big miss (17:51) The lesson learned (24:58) Wrapping it up (26:38) Outro (28:18)
In this episode, I'm back in the hot seat again while my producer Knut grills me on what I'm calling my ‘errors of omission'. It's part of my plan this year to cover various points in my career. Previously I've discussed details on Wallstrip and Stocktwits. Both of those episodes answered a lot of the questions I've been asked over the years. But one of the questions I'm asked most often as an investor and entrepreneur is, “Howard, what's your biggest mistake, your biggest miss?” I've been in this game for a while now – so it's a splendid idea to finally share them in a format where everyone can learn from my mistakes. I lay out my biggest errors, or what I would call errors of omission versus errors of commission, in the spirit of Bessemer Ventures “anti-portfolio” – that is some of the biggest ones they missed, like AirBnb, Coinbase, and eBay to name a few. I cover three of my biggest whiffs. It's part of the joy of investing, the irreverence, having the cojones to create a whole anti-portfolio and share it. You may have even heard of one or two of mine. Guest - Howard Lindzon, General partner at Social Leverage and Host of Panic With Friends Podcast Co-host - Knut Jensen howardlindzon.com, stocktwits.com, socialleverage.com Twitter: @howardlindzon, @PanicwFriends, @knutjensen linkedin.com/in/howardlindzon linkedin.com/company/socialleverage linkedin.com/in/knutejensen #fintech #invest #investment #venturecapital #stockmarket #finance Show Notes: Introduction. (00:33) Knut's biggest mistake (01:39) The anti-portfolio (02:10) Getting asked to dance (03:57) Setting the stage (05:01) First miss (06:26) Network Effects (10:20) Lesson on valuation (12:51) The next big miss (14:21) Making the same mistake (16:00) Another big miss (17:51) The lesson learned (24:58) Wrapping it up. (26:38) Closing thoughts. (28:18)
As I mentioned when I covered how I built Wallstrip, I'm doing more origin stories over the next year. I'm covering my own projects as well as those of the ten or fifteen people from the companies I've loved and the products I've used in Web 2. There were mostly good exits, but there were also a few that we learned from. In today's episode I'm back in the hot seat covering the lessons learned from building Stocktwits in a Web 2 world. Knut and Riley join me as we talk about what worked back then, and what it will take to succeed building a company moving forward. This is a very different era. Back then money was the game in a zero interest rate world. Today I think it's more about the craft, and less about money. Do you know who your customer is? What are your margins? How are you going to make money, and how are you going to get your users? If founders and investors aren't asking those questions today, they could be looking at massive losses down the road. I hope this helps and maybe gives you a peak at what might be coming around the corner as AI seems to be eating the world right now. Enjoy! Guest - Howard Lindzon, General partner at Social Leverage and Host of Panic With Friends Podcast Co-hosts - Knut Jensen and Riley Rosebee howardlindzon.com, stocktwits.com, socialleverage.com Twitter: @howardlindzon, @be_rosebee @PanicwFriends, @knutjensen Rosebee.beehiiv.com linkedin.com/in/howardlindzon linkedin.com/company/socialleverage linkedin.com/in/knutejensen #fintech #invest #investment #venturecapital #stockmarket #finance Show Notes: Introduction (00:22) Historic look at Web 2 (01:58) Starting Stocktwits (03:25) Why I didn't wait (05:34) Creating Bloomberg on Twitter (06:54) Building the team (07:28) Coming up with the name (08:03) Raising money (09:24) The first version (12:04) Creating the branding (12:16) The cap table (15:57) Building around twitter (25:08) The cash tag (18:16) Building on our own (26:02) Early Web 2 lessons (29:56) Thoughts on AI (32:20) Valuing deals (33:56) Stocktwits culture (34:28) Predicting the future (37:57) Wrapping up (39:01) Closing thoughts (42:58)
No, you haven't entered the Twilight Zone. Yes, I'm the host of Panic with Friends, but in today's special episode, I'm the guest. My producer Knut Jensen has turned the tables and put me in the hot seat. With so many questions about how and why I started Wallstrip, I felt it was time to lay it all out. And hopefully this answers a lot of those questions. We cover the good, the bad, and the funny times building my first internet company – and how those lessons carried over when I started Stocktwits – lessons like finding the right mentor and having domain experience around an idea, and the three key ingredients: product, team and timing. It's a different spin on Panic with Friends where we're going back and telling these types of stories with our best founders, so you'll be seeing more episodes like this in the future. And of course, the big question on Wallstrip, would I do it again? You'll have to listen to find out! Guest - Howard Lindzon, General partner at Social Leverage and Host of Panic With Friends Podcast howardlindzon.com, socialleverage.com youtube.com/channel/UCGEU5Xa_5HKMb6gEFfGYdTw/videos Twitter: @howardlindzon, @PanicwFriends, @knutjensen linkedin.com/in/howardlindzon linkedin.com/company/socialleverage linkedin.com/in/knutejensen #fintech #invest #investment #venturecapital #stockmarket #finance Show Notes: Introduction (00:27) Coming up with Wallstrip (01:42) Starting with GolfNow (07:55) YouTube becomes a thing (10:27) Cold pitching Fred Wilson (11:59) Raising funds (15:08) Finding the team (18:34) The formula (22:36) Gaining traction (25:13) Would I do it again? (27:09) My ‘growth hack' (30:24) The ‘moment' it's successful (31:10) Now the pressure is on (32:36) The right kind of attention (31:54) Dealing with haters (33:56) Sell or grow (38:14) The Jim Cramer spoof (39:21) My Costanza moment (41:04) CBS acquires Wallstrip (41:30) The right people domain experience (44:29) Wrapping up (46:35) Closing thoughts (46:56)
Howard Lindzon started his career as a stock broker. In the late 90s he founded a small hedge fund. Then he went on to found Wallstrip and Stocktwits. In 2013 his venture capital fund invested $100,000 in Robinhood.His career illustrates that the delineation between retail and smart money isn't a bright line. As a hedge fund manager he outperformed the S&P despite the fact that he did not have access to the same data used by most big funds. He advocates for, and his career supports, the idea of finding smart people to follow.Website: https://howardlindzon.com/Twitter: https://twitter.com/howardlindzonEmail the show: riskofruinpod@gmail.comFollow us on Twitter: https://twitter.com/halfkelly
I had the joy of having my great friend Brad Feld join me for his FOURTH appearance on Panic With Friends. Brad is Boulder-based early-stage investor, entrepreneur, writer, and speaker. More specifically, he is managing director of Foundry Group, founder of Techstars, and writer for the Startup Revolution series and his blog Feld Thoughts. Brad has also been a mentor and supporter of mine, investing in my previous company Wallstrip as well as Stocktwits. With over 30 years of experience in the field, Brad has dealt with and invested through his fair share of panics. So I couldn’t think of anyone better to talk to about the future coming out of the COVID pandemic. In this episode, Brad and I talk about his family and what their past year has looked like, building stronger communities, our post-COVID future, startup culture, decentralization and more. Guest - Brad Feld, Managing Director at Foundry Group - Tech Stars, entrepreneur, venture capitalist, author howardlindzon.com, foundrygroup.com, feld.com Twitter: @howardlindzon, @bfeld, @knutjensen linkedin.com/in/bfeld #fintech #invest #investment #venturecapital #stockmarket #finance
Howard Lindzon is the co-founder and managing partner at Social Leverage, an early-stage venture capital firm that invests in technology businesses. Most notably, they were one of the first investors in Robinhood. Previously, Howard also co-founded StockTwits and Wallstrip.
Joanne Wilson is a powerhouse. She’s a prolific investor, mom and wife and a champion of female entrepreneurs – not to mention a tough cookie who knows New York better than anyone I know. When she’s not crushing it in the investing world, you can find this self-described “insatiable foodie” cooking over on her Instagram. I met Joanne about 14 years ago when she and her husband/previous Panic guest Fred Wilson invested in my company at the time WallStrip. Joanne’s investing portfolio has grown since investing in me back in the day to include more than 130 companies. It was a blast to have someone as smart, quick and entertaining as her on the podcast. In this episode, Joanne and I chat about angel investing, New York, tech, real estate, the restaurant industry, entrepreneurship and more. Guest - Joanne Wilson, Angel Investor at Gotham Gal howardlindzon.com, gothamgal.com soundcloud.com/positivelygothamgal Twitter: @howardlindzon, @thegothamgal, @knutjensen linkedin.com/in/joanne-wilson-b0886110 #fintech #invest #investment #venturecapital #stockmarket #finance
Lucky you, listener: today’s guest is kind of a big deal.In case you’re not familiar with the entrepreneurial tour de force that is Howard Lindzon, let’s get you up to speed. Originally from Canada, he’s an author, analyst, angel investor, hedge fund manager, and — this is a biggie — the co-founder of StockTwits, which has been called “Twitter for stocks.”SteadyTrade co-host Tim Bohen has been a fan since at least the aughts, when Howard was working on Wallstrip, a business podcast that was eventually acquired by CBS.In today’s episode, traders will gain all sorts of knowledge from Howard’s fantastic and extremely funny brain in a conversation with Tim and co-host Kim Ann Curtin.
CTO Interview: Today we are featuring Howard Lindzon, Founder of StockTwits, and Founder of Wallstrip. He discusses: Wallstrip and its flip to CBS The genesis and evolution of StockTwits Twitter pulling the rug out from under StockTwits How does StockTwits generate revenue? Stocktoberfest Hot Topics in Tech: IEX finally approved putting a 350 millisecond speed bump in place. Only two stocks will be available to trade on the opening day on Friday with another eight securities will start trading on IEX August 24 - August 29, IEX will begin listing a much wider universe, including all NYSE and Nasdaq-listed stocks. Renaissance Technologies hopes to use physics to battle Wall Street speed demons. Their plan involves algorithms, servers and the worlds most accurate timekeeper currently used for GPS satellites and deep space exploration, the atomic clock.
CTO Interview: Today we are featuring Howard Lindzon, Founder of StockTwits, and Founder of Wallstrip. He discusses: Wallstrip and its flip to CBS The genesis and evolution of StockTwits Twitter pulling the rug out from under StockTwits How does StockTwits generate revenue? Stocktoberfest (Register today for Stocktoberfest) Hot Topics in Tech: IEX finally approved putting a 350 millisecond speed bump in place. Only two stocks will be available to trade on the opening day on Friday with another eight securities will start trading on IEX August 24 - August 29, IEX will begin listing a much wider universe, including all NYSE and Nasdaq-listed stocks. Renaissance Technologies hopes to use physics to battle Wall Street speed demons. Their plan involves algorithms, servers and the worlds most accurate timekeeper currently used for GPS satellites and deep space exploration, the atomic clock.
Jan. 31 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Howard Lindzon, a Non-fiction writer, financial analyst, angel investor, limited partner at Knight's Bridge Capital Partners, and is also the co-founder of StockTwits. They discuss the creation of Wallstrip. This interview aired on Bloomberg Radio.
My guest today is Howard Lindzon, a Canadian entrepreneur, author, financial analyst, technical analyst and angel investor. Lindzon manages a hedge fund, serves as managing partner of the holding company Social Leverage, limited partner at Knight's Bridge Capital Partners, and is the co-founder of StockTwits. He's also known for the satirical podcast Wallstrip. The topic is entrepreneurship. In this episode of Trend Following Radio we discuss: The commonalities between the angel investing world and trend following Over-diversification Diversification in private investments vs. stocks How Lindzon got the entrepreneurial “bug” Lindzon's early career as a stockbroker The beginnings of Wallstrip Lindzon's comedy influence How Wallstrip led to the next four years of Lindzon's investments How Lindzon's mistakes helped him grow as an investor Lindzon's experience with fraud committed by a business partner Keeping your business drama-free The issue of distraction Lindzon on the birth of StockTwits The investment that changed Lindzon's financial life in 2005 The future of StockTwits as Lindzon sees it Social leverage The art of curation and verticalization Thinking of the financial web as a social bank account Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!
Michael Covel speaks with Howard Lindzon. Lindzon is a Canadian entrepreneur, author, financial analyst, technical analyst and angel investor. Lindzon manages a hedge fund, serves as managing partner of the holding company Social Leverage, limited partner at Knight's Bridge Capital Partners, and is the co-founder of StockTwits. He’s also known for the satirical podcast Wallstrip. Lindzon and Covel discuss the commonalities between the angel investing world and trend following; over-diversification; diversification in private investments vs. stocks; how Lindzon got the entrepreneurial “bug”; Lindzon’s early career as a stockbroker; the beginnings of Wallstrip; Lindzon’s comedy influence; how Wallstrip led to the next four years of Lindzon’s investments; how Lindzon’s mistakes helped him grow as an investor; Lindzon’s experience with fraud committed by a business partner; keeping your business drama-free; the issue of distraction; Lindzon on the birth of StockTwits; the investment that changed Lindzon’s financial life in 2005; the future of StockTwits as Lindzon sees it; social leverage; the art of curation and verticalization; and thinking of the financial web as a social bank account. Howard Lindzon can be found on www.howardlindzon.com. Want a free trend following DVD? Go to trendfollowing.com/win.
Originally From Northern California, Lindsay moved to New York to begin her acting career in 2003. She holds a B.A. from Stanford University in English and Dance as well as an M.F.A in Acting from the National Theater Conservatory. Lindsay was the host of a daily online show called Wallstrip and then Moblogic.Lindsay has appeared on Law & Order, in the film "Our Bundle of Extraordinary Joy" and has performed in theaters all over NYC including Here Arts Center, The Connelly Theater, Galapagos, Theater 5. Regionally, she has worked at Baltimore's Centerstage in a production of "Speed-the-Plow" directed by Daniel Fish, at New York Stage and Film in Bill Pullman's "Expedition 6" and in several productions with the Denver Center Theater Company. She was also be featured in two episodes of the last season of HBO's The Sopranos.Lindsay performs regularly in NYC as part of the Cabaret Cucaracha which is directed by Richard Caliban and musical directed by Giovanni Spinelli.You may have also seen Lindsay in commercial campaigns for the following companies: Hallmark, Miller Genuine Draft, Volvo, Earthlink, Netscape, Dunkin' Donuts, Lowe's Home Improvement, Infamil, The Learning Channel, and many more.
Originally From Northern California, Lindsay moved to New York to begin her acting career in 2003. She holds a B.A. from Stanford University in English and Dance as well as an M.F.A in Acting from the National Theater Conservatory. Lindsay was the host of a daily online show called Wallstrip and then Moblogic.Lindsay has appeared on Law & Order, in the film "Our Bundle of Extraordinary Joy" and has performed in theaters all over NYC including Here Arts Center, The Connelly Theater, Galapagos, Theater 5. Regionally, she has worked at Baltimore's Centerstage in a production of "Speed-the-Plow" directed by Daniel Fish, at New York Stage and Film in Bill Pullman's "Expedition 6" and in several productions with the Denver Center Theater Company. She was also be featured in two episodes of the last season of HBO's The Sopranos.Lindsay performs regularly in NYC as part of the Cabaret Cucaracha which is directed by Richard Caliban and musical directed by Giovanni Spinelli.You may have also seen Lindsay in commercial campaigns for the following companies: Hallmark, Miller Genuine Draft, Volvo, Earthlink, Netscape, Dunkin' Donuts, Lowe's Home Improvement, Infamil, The Learning Channel, and many more.