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Drew Taggart

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
588 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

To me, we saw that as much as it was like a hill we were going to have to climb, the bar was clearly low.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

So it was like, maybe we don't have to do that much to be that much better.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

But it was also like a market opportunity.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

It was like, wait a minute, people think

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

we're going to be fucking useless.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

And that this is based on a lot of other people that have come before us and their experience with them.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

If we do this right, it's a lot of white space for us to be unique and different.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

That's the kind of product market fit that we found in our music early on.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

And that I think gave us the confidence to start Mantis and take it really seriously.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

Being comfortable losing is a weird one.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

No one wants to lose, but I think it's a power law game.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

You build a career off of a couple of huge songs, hopefully.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

And then there's lots of hopefully other, lots of great music, but only very few artists like a Drake will just constantly deliver smash songs for 10, 15 years.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

Or Bruno Mars, probably the most notable one from a percentage basis.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

You have to learn from each song and iterate and grow and feel comfortable with that.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

And it's like,

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

Venture is very much the same thing.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

You're going to hopefully back a couple of extraordinary companies, but most of your companies won't go on to be super successful.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

And you can't think you're a terrible investor.

Invest Like the Best with Patrick O'Shaughnessy
The Chainsmokers - Music & Markets - [Invest Like the Best, EP.430]

Each of those opportunities paved the way for hopefully more future success comes.