Episode 27: Special—A Conversation with Microsoft's Head of Strategic Investments Brian Schultz

Join the Acquired Limited Partner program! https://kimberlite.fm/acquired/ (works best on mobile)   Topics covered include: Brian’s history working across “both sides of the aisle” as both a startup founder and corporate development leader at a big company, how perspective from each informs the other, and the importance of learning “customer empathy”  How Microsoft approaches MaA from an organizational perspective, and the importance of fit with the company’s product roadmap  How Brian approaches strategic investments at Microsoft, and the evolution over time of the Microsoft (and large technology companies as a whole) perspective on investing in other companies Balancing the tension between partnering and investing, and what criteria Brian thinks about when evaluating companies  Microsoft’s investment in Facebook in 2007 (at a then-crazy-seeming $15B valuation), and more recently Foursquare, Mesosphere, CloudFlare and others The current state of the tech MaA landscape, and the emergence of private equity as tech company acquirers  Potentially changing corporate and foreign tax structures and how they impact acquirers’ thinking around deals (or not!)  How Microsoft tracks and evaluates success of acquisitions over time, and lessons learned from successes and failures  The increasing number of operating companies (technology and otherwise) looking to invest in startups, and how that landscape has evolved over time    Followups: Snap Inc.’s rumored IPO filing — and bonus discussion of how VC’s and other investors think about “exiting” their investments in companies that have gone public   Hot Takes: Amazon Go!   The Carve Out: Ben: OK Go - The One Moment  David: UC Berkeley Oral History with Sequoia Capital founder Don Valentine Brian: Om Malik’s recent piece in the New Yorker: Silicon Valley Has an Empathy Vacuum

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