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David Haber

πŸ‘€ Speaker
304 total appearances

Appearances Over Time

Podcast Appearances

The a16z Show
Building Blackstone, Backing Costco, with Tony James

I think, you know, how did you think about joining a firm versus potentially starting your own?

The a16z Show
Building Blackstone, Backing Costco, with Tony James

And then, you know, we'll talk about kind of the trajectory of the business because it grew.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

You know, people know Blackstone today, you know, a trillion dollars in AUM.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

It did not look anything like that when you joined in 2002.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

I think the firm was maybe $14 billion in total assets.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

Something like that.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

Which is, you know, shockingly, like, I don't know, a sixth of our size, which is, you know, kind of insane.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

Again, maybe just give folks kind of a reminder of what was the shape of the business then, what businesses existed.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

And, you know, we'll talk through kind of the 50-fold increase, I guess, you know, during your tenure.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

I mean, people – again, one of the other kind of common threads that – I mean, literally everybody I spoke to highlights was that you were both –

The a16z Show
Building Blackstone, Backing Costco, with Tony James

an incredible investor and probably one of the best managers of like high, high potential talent and firm builders, you know, that they've seen.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

It's a rare combination to have both.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

You know, people talk about, you know, being in an IC meeting with you and you finding the, you know, the detail on page 16 that conflicts with the thesis on page 36 from six weeks ago and being able to hold kind of people accountable to that while also kind of seeing the bigger picture of the fund and the firm.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

Yeah.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

Well, I, I think, um,

The a16z Show
Building Blackstone, Backing Costco, with Tony James

Sure.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

Correct me if I'm wrong, but like, I think Blackstone by and large was more kind of consensus oriented, or at least the stories that I heard was that if there was a, you know, a tie, you would always back the deal team.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

David Blitzer told this story.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

Yeah.

The a16z Show
Building Blackstone, Backing Costco, with Tony James

You know, I think he was in London.