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AcquiredApril 27, 2016
Acquired Episode 10: Virgin America
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Ben and David deviate entirely from the stated purpose of the show, tackling this non-technology acquisition that is so recent, we have no idea if it went well yet. But, the April 2016 acquisition of Virgin America by Alaska Airlines was so fascinating, we had to do it!
3 book mentions in this episode.
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Books Mentioned
“I've been listening on audiobook to a great book called business adventures; it's a classic... it's 10 vignettes of like more aptly titled business misadventures.”
Sentiment: Deep Dive
Trigger: business misadventures
For: business professionals and entrepreneurs
Key quote: “one of the key lessons from it is that like ford wanted the edsel to be everything to everyone”
The host mentions 'Business Adventures' to illustrate the pitfalls of trying to appeal to too broad an audience, using the example of the Ford Edsel. This serves as a cautionary tale for companies like Virgin and Alaska Airlines as they navigate their own business strategies.
ASIN: 1497691613
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“The talk is based on a book called Untangling Luck and Skill, which is worth reading too. It discusses how much of your own success is out of your control.”
Sentiment: Highly Recommended
Trigger: decision making in airlines
For: Individuals interested in decision-making and success dynamics
Key quote: “If you really want to go deep on this, get the book.”
The host mentions 'Untangling Luck and Skill' to highlight the complexities of decision-making in high-stakes environments like the airline industry. They emphasize the importance of understanding the balance between skill and luck in achieving success.
ASIN: B00BOLGO0E
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“The book mentioned is also referred to as The Success Equation, which explores the relationship between skill and luck in achieving success.”
Sentiment: Highly Recommended
Trigger: understanding success factors
For: Individuals interested in personal development and success strategies
Key quote: “It's so good.”
The host mentions 'The Success Equation' to emphasize the balance between skill and luck in achieving success. They highlight how the book provides valuable insights into the randomness of outcomes in various fields, including sports and investing.
ASIN: B00BOLGO0E
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