![Invest Like the Best with Patrick O'Shaughnessy - Sam Englebardt and Richard Kim - Investing in Immersive Worlds - [Invest Like the Best, EP. 259]](https://storage.googleapis.com/goodpods-images-bucket/episode_images/a12c5e1453a4e6a0504bf5ba0afea548568b38e1a7c7c62668c00f3a2d75e4ab.avif)
Sam Englebardt and Richard Kim - Investing in Immersive Worlds - [Invest Like the Best, EP. 259]
01/20/22 • 81 min
2 Listeners
Today, my guests are Sam Englebardt and Richard Kim, general partners at venture fund, Galaxy Interactive. Having come from the media and finance sectors, respectively, Sam and Richard joined forces in 2018 to invest in their shared thesis that immersive digital experiences would become the dominant way people engage with each other in the future.
Our conversation centers around the evolution of art, finance, and gaming as they proliferate in Web3. Please enjoy my conversation with Sam and Richard.
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
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This episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you're a professional equity investor and haven't talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com/Patrick.
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This episode is brought to you by Levels. As one of their early access members, Levels was one of the most interesting products I've ever used. Levels is attempting to make continuous glucose monitoring mainstream by using real-time biosensors to see how food affects your health. If you want early access to become a Member of their private Beta, (the waitlist is currently at 150K+ people), use this link – levels.link/PATRICK
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Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.
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: @patrick_oshag | @JoinColossus
Show Notes
[00:02:50] - [First question] - Their thoughts on the digital art market
[00:11:33] - What motivates traditional art collectors and what has been carried over into digital art
[00:17:27] - Is there an attractive beta opportunity in the digital art space?
[00:24:32] - Why investors should do more work understanding NFTs and ways to consider incorporating them into your portfolio
[00:27:55] - The history of Galaxy and their thesis writ large
[00:33:09] - Exciting and terrifying aspects of the financialization of everything
[00:37:27] - Places where inserting markets could be beneficial with Web3
[00:45:27] - Their perspectives on gaming as a subcategory of Web3
[00:51:38] - Tokenomics and the importance of building great game communities
[00:59:18] - What we can learn from successful gaming companies and in-game monetization
[01:04:19] - How Diablo 3’s auction house detracted from the core player experience
[01:06:36] - Where they disagree with the Web3 investing community
[01:10:37] - The kindest things anyone has ...
Today, my guests are Sam Englebardt and Richard Kim, general partners at venture fund, Galaxy Interactive. Having come from the media and finance sectors, respectively, Sam and Richard joined forces in 2018 to invest in their shared thesis that immersive digital experiences would become the dominant way people engage with each other in the future.
Our conversation centers around the evolution of art, finance, and gaming as they proliferate in Web3. Please enjoy my conversation with Sam and Richard.
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
This episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you're a professional equity investor and haven't talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com/Patrick.
-----
This episode is brought to you by Levels. As one of their early access members, Levels was one of the most interesting products I've ever used. Levels is attempting to make continuous glucose monitoring mainstream by using real-time biosensors to see how food affects your health. If you want early access to become a Member of their private Beta, (the waitlist is currently at 150K+ people), use this link – levels.link/PATRICK
-----
Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.
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: @patrick_oshag | @JoinColossus
Show Notes
[00:02:50] - [First question] - Their thoughts on the digital art market
[00:11:33] - What motivates traditional art collectors and what has been carried over into digital art
[00:17:27] - Is there an attractive beta opportunity in the digital art space?
[00:24:32] - Why investors should do more work understanding NFTs and ways to consider incorporating them into your portfolio
[00:27:55] - The history of Galaxy and their thesis writ large
[00:33:09] - Exciting and terrifying aspects of the financialization of everything
[00:37:27] - Places where inserting markets could be beneficial with Web3
[00:45:27] - Their perspectives on gaming as a subcategory of Web3
[00:51:38] - Tokenomics and the importance of building great game communities
[00:59:18] - What we can learn from successful gaming companies and in-game monetization
[01:04:19] - How Diablo 3’s auction house detracted from the core player experience
[01:06:36] - Where they disagree with the Web3 investing community
[01:10:37] - The kindest things anyone has ...
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This episode is brought to you by: Canalyst. Canalyst is the leading destination for public company data and analysis. If you're a professional equity investor and haven't talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com/Patrick.
-----
This episode is brought to you by Levels. As one of their early access members, Levels was one of the most interesting products I've used. Levels is attempting to make continuous glucose monitoring mainstream by using real-time biosensors to see how food affects your health. Using Levels made me realize how little we understand about what's happening in our bodies - and it was the only product that has ever made me willing to log food. If you want early access to become a member of their private beta, (the waitlist is currently at 150K+ people), use this link – levels.link/PATRICK
-----
Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.
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: @patrick_oshag | @JoinColossus
Show Notes
[00:02:42] - [First question] Whether or not great investment firms should be led by a single investor
[00:03:25] - Episodes where singular investment power has proven effective and powerful
[00:05:06] - Where he finds joy in the investing process on a regular basis
[00:06:19] - Ways he’s learned to become better at guiding and helping teams he works with
[00:08:14] - The most common types of fool's gold he comes across
[00:11:00] - Evolution of the pricing mechanisms in ever-evolving markets
[00:16:14] - Common features of a good mispricing opportunity
[00:18:42] - How he interacts with other hedge funds and long-only investors
[00:21:14] - An investor he often disagrees with but loves talking to
[00:22:13] - The investment he’s most proud of historically
[00:25:11] - What the healthy draw that keeps him coming back to investing is
[00:28:31] - His opinion on crossover funds and their growing popularity
[00:32:09] - What the world in 2022 looks like to him and what both excites and worries him
[00:38:19] - K...
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My guest today is past guest Gavin Baker, managing partner and CIO of Atreides Management. Gavin’s focus is on consumer and tech growth investing, which makes him the perfect person to discuss the bloodbath we’ve seen in many growth equities over the past few months. We also cover inflation, semiconductors, and the disconnect between private and public markets. Please enjoy this conversation with the always great Gavin Baker.
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This episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you're a professional equity investor and haven't talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com/Patrick.
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Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.
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: @patrick_oshag | @JoinColossus
Show Notes
[00:02:30] - [First question] - What it’s been like investing over the pandemic
[00:06:14] - The way he thinks about multiples, how they’ve done, and where they’re going
[00:09:14] - Themes that most have his attention in our current economic landscape
[00:19:25] - The ways in which wage inflation negatively impacts the market
[00:25:39] - How semiconductors have evolved and what matters in that subsector
[00:32:47] - Software volatility and the roller coaster it's been on lately
[00:35:52] - A future state where infrastructure overtakes apps
[00:41:03] - Key differences between internet and software and how they behave
[00:43:44] - The coming trend of the metaverse and his reaction to public adoption
[00:49:26] - Investor and business opportunities in adopting tech trends
[00:53:54] - An unfolding mismatch between private and public market multiples
[00:57:17] - How the competitive landscape of venture capital might evolve
[01:05:54] - Differences in recruiting and training talent in private and public markets
[01:10:20] - Sci-Fi novels that he’s read recently;
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