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Patrick O'Shaughnessy

๐Ÿ‘ค Speaker
8519 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

Would you go to a single person and ask them about multiple of your ideas at once?

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

Or would you target it more like one idea to one person?

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

So maybe go in detail through one of these conversations so that others maybe could benefit from what you've learned.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

So what is the order of the questions?

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

Like how would you structure those conversations to get the most information possible?

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

Do you remember the highest number anyone said for how much they'd be willing to pay for something in one of these ideation sessions?

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

As you neared the end of that process and settled on what Decagon does, which maybe probably is the right time to ask you to describe in detail what it is.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

What was like the final closing?

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

Like, where did the conviction come from?

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

Like, oh, this is clearly the thing after this discovery process.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

Say more about the comment you made about, in hindsight, it's clear why this was the key problem.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

Can you compare it to coding?

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

It seems like these are the two areas where it's blindingly obvious that it's useful to customers and you can build great businesses around it.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

Just look at the revenue curves.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

Yours, Sierra's, obviously like cursor, cognition, etc.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

So it's a really interesting conclusion, which is try to augment the very highest talent or replace the most replaceable end of the spectrum.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

That's a really interesting conclusion.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

I want to talk about what you've begun to learn about how to do that second thing well.

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

So if others out there wanted to start a company or invest in a company that was doing sort of that end of the spectrum, eating its way in, as you described, what have you learned are the key things to like the setup process with a given company to increase the likelihood that you can replace a lot of the low hanging fruit for types of customer service calls or types of what used to be human to human interaction and can now be handled by AI on one end of the spectrum?

Invest Like the Best with Patrick O'Shaughnessy
Jesse Zhang - Building Decagon - [Invest Like the Best, EP.443]

Is there a way to think about this?