#307: The World's Great Family Dynasties: Rockefeller, Rothschild, Morgan, & Toyada artwork

#307: The World's Great Family Dynasties: Rockefeller, Rothschild, Morgan, & Toyada

Founders

June 12, 2023

What I learned from reading Dynasties: Fortunes and Misfortunes of the World's Great Family Businesses by David Landes. ---- Listen to Invest Like the Best #292 David Senra: Passion and Pain.
Speakers: David Senra
**David Senra** (0:00)
I was just at Capital Camp for a few days. Capital Camp is this investing and entrepreneurship conference that takes place every year in Missouri. And while I was away, I slept so poorly, and I was so sleep deprived, that on the airport, at the airport on the way home, I actually rented one of those private rooms that you can nap in. And I told my wife this, and she said, you should include that in your next eight-sleep ad. And she was right, I'm so used to being able to control the temperature of my bed now, that when I travel, I actually notice a difference in the quality of my sleep. I keep my eight-sleep at home, extremely cold, it's cold before I get into bed. And I had no idea, because the eight-sleep, the first mattress I ever had, I can actually control the temperature of my mattress. And so I had no idea how much just that one feature would improve the quality of my sleep. I now find myself falling asleep faster and waking up less during the night. That one feature alone, in my opinion, is worth 10 times the price. The founder of eight-sleep, Matteo, listens to founders, and he's giving other founder listeners a discount. You can get $150 off and your very own eight-sleep by going to eightsleep.com forward slash founders. This isn't just for the USA. They ship everywhere, Canada, UK, parts of Europe, Australia. If you want to upgrade your sleep and get $150 off, go to eightsleep.com forward slash founders. There was no internet in John D. Rockefeller's day. There was no internet in JP Morgan's day. But one thing is for sure, if there was, they would have both used meter to make sure that their business internet was fast, secure, reliable, and could scale up as their businesses expanded. These families that I'm about to talk to you about, the Rockefellers, the Rothschilds, the Morgans, the Toyadas, they spent their days, they were very busy laying the foundation for their dynastic domination. You are busy building a world-class business. In both cases, it would be smart to let meter handle your internet and Wi-Fi while you focus on what you do best. Meter gives your business faster, simpler and more secure internet and Wi-Fi for all parts of your empire. It works in any commercial space. That could be your office, a warehouse, a laboratory, everywhere. One of my favorite things about meter is how easy they make it for their customers. All you have to do is give meter your address and the square footage of your commercial space and meter takes care of the rest. That's not all. In the wise words of Steve Jobs, one more thing, there's no upfront cost to you, which means you can expand your business without worrying about expensive upfront costs. Meter grows right along with your business. You simply pay one monthly rate. Check out their website by going to meter.com forward slash founders. It will explain all the value that meter can provide your business. That is meter.com forward slash founders. As you're about to hear with the Toyota Family Dynasty, sometimes the smartest thing a founder can do is actually sell their business. Tiny is the easiest way for you to sell your business. Tiny provides straightforward cash exits for founders. Tiny helps founders sell their businesses without any of the hassle. Tiny buys businesses of all sizes. They can do deals from a million dollars to well over a hundred million dollars. If you have a business that you want to sell now or in the future, make sure you get in touch with Tiny. All you have to do is just email them. You can email them at hi at tiny.com. And one thing that I want to mention, I also know that there's a lot of venture capitalists that listen to this podcast. There may be businesses in your portfolio that you know are not going to get funded again, but would make wonderful, profitable internet businesses. Tiny wants to hear about those opportunities as well. And you can get in touch with them by emailing them at hi at tiny.com. And they respond within 48 hours. And of course, you can learn more from their incredibly designed website at tiny.com.
And one more thing before we jump into the episode, I've been getting a lot of messages about people wanting to hear more about my personal history. I think the single best source for that is this interview I did on one of my favorite podcasts. It's on the Invest Like the Best podcast with my friend Patrick. I'm going to leave a link down below, but whatever podcast player you're listening to this in, if you don't already follow that show, search for Invest Like the Best, follow that show and then listen to episode 292, which is David Senra, Passion and Pain.

63 more minutes of transcript below

Feed this to your agent

Try it now — copy, paste, done:

curl -H "x-api-key: pt_demo" \
  https://spoken.md/transcripts/1000616702114

Works with Claude, ChatGPT, Cursor, and any agent that makes HTTP calls.

From $0.10 per transcript. No subscription. Credits never expire.

Using your own key:

curl -H "x-api-key: YOUR_KEY" \
  https://spoken.md/transcripts/1000616702114