This EU Firm Made Billions Buying Up Forgotten Tech

When we look at some of the names of the companies you've acquired, especially like AOL and Vimeo, these are sort of darlings of the tech industry that have gone out of fashion. I would say is that part of the strategy is taking these once big name brands and transitioning them or is that just a coincidence? We

found that the market tended to undervalue the unsexy things and in our view overvalue the new and sexy sometimes to a fault in a major way. When we were comparing after having done the qualitative screening and and done the math we were comparing the returns we would get from the AOLs of the world

or I'm not going to name names but let's say fleshier newer sexier things. We found that the latter would consistently give us much worse returns and we saw no reason to do it simply because people liked it. Support for the show comes from Engine. Running a small business means every dollar has to work hard. But if your

team is still booking travel the old way, it's costing you more than you think. Engine is the fastest growing travel and spend platform in the country. Built specifically for businesses like yours. Book a trip in as little as 2 and 1/2 minutes. Earn up to 10% back on hotels. And in 2025, Engine

customers save more than 300 million on travel with zero booking fees, no contracts, and no BS. More than 1,000 businesses join Engine every month. Join them and get $500 when your business signs up and starts traveling at engine.com/founders.

Hey guys, it's Ed. Just so you know, we recorded this conversation live on Substack last week. So, if you would like to catch the next live stream and tune in in real time, make sure to head over to profgdia.com where you can subscribe and I'll see you on the next live stream. What do you do with a