4.8 • 1.5K Ratings
🗓️ 7 March 2025
⏱️ 91 minutes
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0:00.0 | I've done a few of these I had dinner with episodes, Michael Ovitz being the latest one, |
0:04.1 | and I did one with John Mackey, who's the founder of Whole Foods a couple months ago. |
0:07.4 | And John Mackey told me one of the craziest things that anyone has ever said about the podcast. |
0:12.6 | By that time, I had spoken to him. |
0:14.2 | He'd already listened to over 100 episodes of Founders. |
0:16.8 | And he said that if Founders podcast existed when he was a young man, Whole Foods would still be an |
0:22.6 | independent company that since the podcast and all of his history-scraised entrepreneurs are constantly |
0:27.1 | emphasizing the importance of controlling expenses, he would have put more of a priority on it, |
0:32.1 | especially during boom times, during good times, because it's very natural for a company |
0:36.1 | and really for human nature to just not watch your costs as closely because it's very natural for a company and really for human nature |
0:37.5 | to just not watch your costs as closely because everything's going so well. And that is something |
0:42.5 | that history's greatest founders all worn against. In fact, Andrew Carnegie has this great |
0:47.8 | mantra that he would repeat over and over again. He says, profits and prices were cyclical, |
0:52.1 | subject to any number of transient forces of the marketplace. |
0:56.0 | Costs, however, could be strictly controlled, and any savings achieved in the costs were |
1:00.8 | permanent. This is something I was talking about with my friend Eric, who's the co-founder and CEO |
1:04.5 | of Ramp. Ramp is now a presenting sponsor of this podcast. I've gotten to know all the co-founders |
1:09.3 | of Ramp and have spent a ton of time with |
1:11.0 | them over the last year or two. They all listened to the podcast and they picked up on the fact |
1:15.0 | that the main theme from history's greatest entrepreneurs is the importance of watching your |
1:19.2 | costs and controlling your spend and how doing so will give you a massive competitive advantage. |
1:23.9 | That is a main theme for Ramp. The reason that RAMP exists is to give you everything you |
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