Business Breakdowns
Today: #198 in Business, United Kingdom on our combined chart.
Today: #100 in Business, India on our combined chart.
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Latest episodes
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Affirm: The Internet’s American Express
October 22, 2026 · 1 hr 12 minToday we're breaking down Affirm, the buy now, pay later company founded by PayPal co-founder Max Levchin. Affirm processes more than $50 billion in annual purchase volume and is growing over 30%, even after its stock fell more than 90%…
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Applied Intuition: A Billion Intelligent Machines
July 27, 2026 · 47 minToday, we are breaking down Applied Intuition. Our guests are co-founders Qasar Younis and Peter Ludwig, who started the company in 2017 with a mission to make a billion machines intelligent. The simplest way to understand Applied…
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Toast: Sticky SaaS - [Business Breakdowns, EP.247]
May 29, 2026 · 49 minToday, we are breaking down Toast, a name we have covered before but are revisiting because the story has changed enough to be worth telling again. Most listeners will have tapped a Toast terminal without thinking much about the business…
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Auto1: EU-sed Car Marketplace
May 15, 2026 · 1 hr 5 minToday, we are breaking down Auto1, and this is an interesting episode because we are tackling a business that most US listeners will not be familiar with, even though it resembles names they already know well. Our guest is Harrison Moot…
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Opendoor: Q1 2026 Earnings
May 8, 2026 · 26 minToday, we are breaking down Opendoor, and this is a unique episode. We recorded with Kaz Nejatian, the CEO of Opendoor, shortly after the company reported its first quarter 2026 earnings, and we covered both what is happening inside the…
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PriceSmart: Central America’s Costco
May 1, 2026 · 56 minToday, we are breaking down PriceSmart, the membership warehouse club operating across Central America, the Caribbean, and South America. I came away from this episode with a new appreciation for how a single retail concept and a single…
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Altius Minerals: Royalty Check
April 24, 2026 · 34 minToday, we are breaking down Altius Minerals, a Canadian royalty company that stands apart from the precious metals and oil and gas names that usually define the category. 17 people in Newfoundland control royalties over Canadian potash…
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Givaudan: The Magic Ingredients
April 17, 2026 · 41 minToday, we are breaking down Givaudan, the Swiss fragrance and flavor giant hiding in plain sight. I came away from this episode with a new way of seeing the world around me. When you learn that a single company is behind the scent of your…
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Apollo: Connoisseurs of Complexity
March 20, 2026 · 1 hr 15 minThis episode was originally recorded in March 2025. Today, we are breaking down the global alternative asset manager, Apollo. I reflected on my personal experiences with Apollo for this episode, and there's a saying that hard work can…
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Cognex: Vision Quest
March 13, 2026 · 45 minThis conversation was originally released in February of 2025. We’re replaying this episode because Cognex sits right at the intersection of AI and robotics. As the market focuses more on physical AI and automation in 2026, machine vision…
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ASML: Competing with Moore’s Law
March 6, 2026 · 53 minThis conversation was originally released in June of 2023. Today we return to the semiconductor value chain with one of the most important companies in modern technology: ASML. The company began life as an unwanted spin-out from Philips…
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Cloudflare: Leading Cybersecurity
February 11, 2026 · 1 hr 10 minToday we are breaking down the cybersecurity giant, Cloudflare. Today, Cloudflare controls over 20% of the world’s web traffic, and more impressively, absorbs 2.5mn cyber attacks per second. My guest is Sam Eden, Investor at Square…

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