🪭 “Fandom” — Dyson’s viral electric fan. Apple vs. Open AI. Maternal Acquisition & Management. +Biscoff Cookie stock

Summary

The Best One Yet – July 14, 2026

Episode Theme:
Nick and Jack cover the top three pop-biz news stories of the day, focusing on the unexpected summer trend of handheld electric fans (fandom), Apple’s legal showdown with OpenAI over alleged trade secret theft (Apple vs. OpenAI), and the rising force of millennial moms in business acquisitions (Maternal Acquisition & Management, or “mam”), plus a viral moment for Biscoff Cookie stock. Their signature energetic, witty tone turns business news into an engaging, fast-paced show.

---

Episode Structure & Main Stories

• [00:00-01:32] Cold Open & Headlines: Introduce today’s three big stories and a surprise Biscoff Cookie stock success.
• [01:32-05:20] Banter, Advertisements, and Show Start (skip for summary)
• [05:20-09:25] Story 1: Dyson’s Viral Electric Fan — The Summer’s Hot Fashion Tech
• [10:11-15:12] Story 2: Apple Sues OpenAI — Silicon Valley’s “Thermonuclear” Spy War
• [17:25-21:47] Story 3: Maternal Acquisition & Management (“Mam”) — Millennial Moms Take Over Main Street
• [21:47-27:35] Fast Facts & Closing Banter (incl. Men’s Wearhouse IPO, World Cup fun facts, birthday shoutouts)

---

Story 1: Dyson’s Viral Electric Fan – Fashion Meets Function

[05:20–09:25]

Key Points:

• Heat Wave = Accessory Trend: Handheld, electric, portable fans—especially Dyson’s new “Hush Jet Mini Cool Fan”—have gone viral amid record summer heat waves.
• It’s More Than Cooling: These fans have become the “status symbol” at high-profile events (like Cannes advertising festival) and are featured by influencers at major sporting events like the World Cup.
• Tech & “Fandom”: Dyson’s fan tech includes wearable necklace docks, stroller mounts, and five speed settings that reportedly blast “55mph gale force winds into your face” (06:16). Social media demand is skyrocketing.
• Historical Context: Fans, dating back to Egyptian and Mayan royalty, were the first “fashion accessory with practical value.” Jack jokes: “The first tool that became fashionable—that’s right, the fan.” (07:12)
• Business Backdrop: Dyson, a private company, isn’t sharing financials, but competitor SharkNinja (publicly traded) is booming (+33% YTD), indicative of larger “wearable air conditioning” business potential.
• Data-Driven Trendspotting: Pinterest searches for “fans” are up 60% year-over-year, and “cute mini fans” searches are up 141%.
• Memorable Quote:
  • Jack: “It’s a little engine that could, Nick. It powers 55 mile per hour gale force winds into your face.” (06:16)
  • Nick: “If it’s trending, you’re too late. You need to find what’s pre-trending.” (09:25)

Key Segment Timestamps:

• [05:20] Introduction to Dyson’s viral electric fan and the portable fan trend
• [06:55] Wearable, necklace, and stroller-mounted versions explained
• [07:12-07:46] The ancient fan as a status symbol and fashion accessory
• [08:58-09:57] Data—Pinterest search trends and the viral path from “pre-trend” to explosion

---

Story 2: Apple Sues OpenAI — Silicon Valley’s “Thermonuclear” Drama

[10:11–15:12]

Key Points:

• The Lawsuit: Apple has filed suit against OpenAI, alleging a deliberate and systemic effort to poach 400 former Apple employees—accusing them of stealing iPhone blueprints and trade secrets.
• Alleged Espionage: Apple claims OpenAI interviewers asked candidates to bring proprietary Apple knowledge and even provided ways to bypass Apple security. Nick playfully dramatizes the interviews to drive home their “espionage thriller” flavor (11:04–11:30).
• Steve Jobs' Legacy: The Wall Street Journal calls it a “thermonuclear” lawsuit—a callback to Steve Jobs’s own “thermonuclear war against Google” in 2010 over Android, which he called a stolen product (12:26–12:39).
• Hardware Stakes: The lawsuit claims OpenAI is using Apple’s secrets to build an “iPhone killer” device—possibly AI-driven hardware launching this year (13:54).
• Strategy: Lawfare, Not Warfare: Apple’s moves are described as “lawfare,” aiming to slow or cripple OpenAI via legal tactics, not just marketplace competition (11:56).
• Notable Apple-to-OpenAI Moves: OpenAI’s head of hardware: a 24-year Apple veteran. Over 400 ex-Apple employees now at OpenAI.
• Memorable Quotes:
  • “The only thing that can replace the iPhone is another phone.” (14:18 – Nick)
  • “OpenAI’s hardware business now rests on the shakiest of foundations, rotten to its core by its illegal reliance on misappropriated trade secrets.” (13:37 – Jack reading from the lawsuit)

Key Segment Timestamps:

• [10:11] Apple’s lawsuit introduction, alleged “Mission Impossible” espionage tactics
• [11:56] The concept of 'lawfare' and its impact
• [12:26] The “thermonuclear” context and link to Steve Jobs
• [13:01] Ex-Apple employees leading OpenAI’s hardware push
• [14:18] Takeaway: Only another phone can supplant the iPhone

---

Story 3: Maternal Acquisition & Management ("mam") – The Rise of Mom P.E.

[17:25–21:47]

Key Points:

• The Trend: Millennial moms are leaving (or have left) corporate life during the “power pause” of early motherhood—and are now buying established small businesses instead of founding startups.
• Real-Life Examples:
  • Anika: ex-Amazon, leaves after RTO mandate, acquires DiggiePod (book printing company) with a $10 million SBA loan.
  • Erin: ex-Googler, buys a custom sign business after interviewing 80 companies during maternity leave.
  • MBA grad buys a skincare company while nursing her newborn.
• Why Acquisition, Not Startups: Acquisition offers control, potential for work-life balance, and instant profit streams. These “acapereneurs” (acquisition entrepreneurs) use loans rather than VC cash; trend is backed by increasing access to capital as women have children later in life.
• Mom Coding the Companies: New owner-moms “remix” companies through a mother’s lens—adding playrooms, extending mat leave, adding flexible/hybrid work; these are distinctive, differentiating policies.
• Memorable Quotes:
  • “It’s the new financial trend among moms—not to start a company but to acquire a company like it’s your new baby.” (18:42 – Nick)
  • “Moms are acquiring...and then remixing them through a mom’s lens.” (21:06 – Jack)
• Analogy: Fixing a struggling business is compared to “parenting a toddler working through their emotions.”

Key Segment Timestamps:

• [17:39] Introduction to “mom PE” and maternal acquisition/management trend
• [19:00] Background: “Power pause” defined; women exiting workforce during pandemic/post-pandemic RTO mandates
• [21:06] “Mom-coded” company examples—playrooms, flexible work, longer leave

---

Bonus Biscoff Cookie Stock Story

[01:07–02:36]
Before diving into their main stories, Nick and Jack spotlight the wild stock performance of Lotus Bakeries’ Biscoff Cookie:

• 34% up YTD; 600% past decade; 17,000% since 2000.
• “Some analyst named Cookie Monster’s really bullish on these things.” (01:32 – Nick)
• Use of Delta Air Lines as distribution rocket—since Biscoff replaced peanuts as the default inflight snack, sales have soared, with the cookie now a TikTok star ingredient in Japanese cheesecake recipes.

---

Memorable Quotes & Moments

• Pre-Trend Wisdom (Fans): “If it’s trending, you’re too late. You need to find what’s pre-trending.” – Nick, [09:25]
• Apple v OpenAI Lawsuit Parody: “To build hardware here at OpenAI, we’re going to need the technical schematics of the iPhone. Can you bring it with you on day one?” – Nick, [11:04]
• Mom PE Analogy: “It’s like parenting a toddler—if you want to fix them, you gotta listen to them.” – Jack, [20:53]
• On Business Coders: “The most fascinating part of this story to us isn’t just the numbers—it’s the nuance.” – Nick, [21:02]

---

Additional Noteworthy Segments

[22:38–23:38] Quick Hits:

• Earnings season: All four big US banks report at the same time; big fees expected from SpaceX IPO.
• Meta AI Feature Suspended: Zuck pulls a privacy-invading AI image feature after outcry (including from the podcast itself).
• Men’s Wearhouse IPO: The suit chain (Taylor Brands, incl. Joseph A. Bank) emerges from bankruptcy, files to go public; jokes about “buy one, get three/four/eight free” suit deals.

[24:14–25:05] Best Fact:

• France World Cup Fun Fact: The French national team plays its third-straight semifinal on Bastille Day; the World Cup trophy itself is carried in a Louis Vuitton case!

[25:11–27:29] Listener Shoutouts & Celebrations:

• Personal birthday wishes, milestone celebrations, and one listener’s “financial trick shot”—upgrading a Subaru Outback from a 2010 to a 2014 with only 22,000 miles.

---

Recap: Today’s Takeaways

[22:01–22:33]

1. Electric fans are the must-have summer accessory—spot pre-trends, don’t chase trends.
2. Apple’s “thermonuclear” lawsuit highlights: Only another phone can dethrone the iPhone.
3. Millennial moms are redefining private equity: “Mam” is all about acquisition, management, and family-first policy innovation.

---

Overall Tone & Style

Nick and Jack’s signature is sharp, extremely conversational business reporting, heavy on banter, pop culture, and analogies (“mom-coded”, “lawfare”, “like parenting a toddler”). They turn financial stories into water-cooler moments—plus plenty of playful asides (“Cookie Monster’s really bullish”, “call it mam”, “hottest accessory at Cannes”).

---

For Listeners Who Missed It:

You’ll come away from this TBOY episode with:

• Why fans (the literal, cooling kind) are now must-have, fashion-meets-function gadgets
• The juicy, Steve Jobs-level drama behind Apple’s lawsuit against OpenAI
• Why “mom PE” is the next wave in small business—and how real moms are reshaping companies their own way
• A new appreciation for viral cookies, bonus IPO jokes, and why you should always watch “pre-trends” online

Pretend you “came up with” all this at breakfast. The best one yet.

Transcript

[Jack]

this is nick this is jack it's

[Nick]

tuesday t boy tuesday july fourteenth vintage pod is the best one yet this is a t boy the top three

[Jack]

pop business news stories you need to

[Nick]

know today yeti stocks fell on monday as president trump restarted the naval blockade on iran you remember the taco trade

[Jack]

we all remember that right of course do you remember the nacho trade because that one's proving more true than ever

[Nick]

not a chance hormuz opens but in the meantime we got three fantastic stories for the brightest show in business jack what do we got on the t

[Jack]

boy for our first story it's a trend alert with record heat waves across the world handheld electronic portable fans are

[Nick]

going viral but before they were trending with sales the fan was pre trending

[Jack]

with searches for our second story apple has lost four hundred employees to openai

[Nick]

but now an apple lawsuit says those four hundred stole the blueprints to the

[Jack]

iphone and our third and final story is the hottest force in finance right now millennial moms the millennial moms are

[Nick]

buying up businesses it's a new sector we call mom pe or mam maternal

[Jack]

asset management but yetis before we hit that wonderful mix of stories wonderful mix

[Nick]

of stories love the mix on the

[Jack]

t boy jack the surprise stock market winner of twenty twenty six you never thought was coming biscoff cookies yeah the

[Nick]

cookies your uncle's hoarding from delta airlines right now the company buying those free

[Jack]

airline cookies is shockingly up thirty four percent so far this year oh i'll

[Nick]

do you one better jack they're up six hundred percent in the last decade

[Jack]

and seventeen thousand percent since the year two thousand high carb high returns apparently

[Nick]

some analyst name cookie monster's really bullish

[Jack]

on these things belgium's lotus bakers invented the humble biscoff cookie way back in nineteen thirty two you know it's dry

[Nick]

caramel you need to drink with a liter of cold milk to get it down your throat but ten years ago

[Jack]

this company struck a strategic deal with delta airlines to replace the allergically explosive

[Nick]

peanut and then boom biscoff became the official free food at thirty thousand feet

[Jack]

and since then sales have surged seventeen

[Nick]

percent every year while biscoff became the top five selling cookie on earth and

[Jack]

today biscoff is going viral on tiktok because of japanese cheesecakes yeah jack what's

[Nick]

the number one ingredient in those japanese

[Jack]

cheesecakes the humble biscoff cookie so let's

[Nick]

add it all up for a sec besties this belgian cookie served on american airplanes just went viral from a japanese

[Jack]

cooking recipe and now the stock is so hot it's burning down the oven

[Nick]

and your uncle he's selling nvidia to buy biscoff but he's always gonna get

[Jack]

those cookies for free in fact i'm pretty sure he's still got a few packs from like last year's summer vacation

[Nick]

one sec jack we got a new buy rating in biscoff stuff goes to moon jack let's hit our three stor

[Liz]

fifteen years before this song two boys from the northeast met in the dorm they had an idea to cause a cultural storm it's the best one yet but the best is the norm jack nick that's it i don't even think they need to practice fifty percent that's a fat tip t boy city on your at liz if you know you know cause we read to go we can't wait no more so just start

[Nick]

the show

[Liz]

start the show start the

[Nick]

show first a quick word from our sponsor

[Jack]

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[Jack]

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[Nick]

disclaimer these statements have not been evaluated by the food and drug administration this product is not intended to diagnose treat cure or prevent any disease for our first story dyson's high tech portable fan is the new status symbol of the

[Jack]

summer and with temps at all time highs air conditioning isn't just a product

[Nick]

it's personal oh it's personal and it's a big opportunity but besties the hottest accessory at the can ad fest last month it was the one thing that

[Jack]

kept you cool can i find a way to attend that agency yacht party without becoming a sweaty mess yes i

[Nick]

can jack that's why the real star

[Jack]

of the european summer heat wave is mankind's oldest tool the handheld fan ah

[Nick]

but jack we're talking about the electric handheld fan by dyson specifically this new

[Jack]

tech gadget has five speeds to choose from depending on your level of disgustingness right now at level five it's like

[Nick]

a mini hurricane jack what are you

[Jack]

feeling this is a little engine that could nick it powers fifty five mile per hour gale force winds into your

[Nick]

face borderline bends your nose if you get too close to this thing this

[Jack]

new product it's basically portable air conditioning

[Nick]

on the go but interestingly dyson wants to signal that it's quieter and small by branding it as the hush jet mini cool fan it's definitely small but it is not quiet no because it sounds like a drill that the dentist used to get out your twelfth cavity

[Jack]

the other day but if you're on the subway and there's sweat dripping off your brow past your eyeballs right now you don't mind that this little thing

[Nick]

is noisy and it includes the necklace dock so it can shoot relief into your face while you're walking through central

[Jack]

park so it's wearable air conditioning nick

[Nick]

oh and the stroller mounts the cool moms can literally be cooler than the other moms the new york times wirecutter

[Jack]

they're sending a reviewer to mercury right

[Nick]

now to test this but besties this is what we find fascinating as we dove into the business history of the

[Jack]

fan fans aren't just the og air

[Nick]

conditioner jack can you sprinkle on more

[Jack]

context please the fan is the first tool that became fashionable that's right the

[Nick]

first historic signal of status that also had practical value it's the fan and

[Jack]

that's why it became a fashion accessory

[Nick]

the first fashion accessory the first image of a physical fan where did we find it jack why don't you tell me nick jack it on a hieroglyph of the temple of ramses iii over

[Jack]

in egypt but it's not just egypt

[Nick]

no it's not jack there's evidence of

[Jack]

fans being used thousands of years ago from royalty in the mayan cultures to

[Nick]

ancient china so it's a universal ancient status symbol in the eighteen hundreds you

[Jack]

flick your collapsible fan open at the opera to show everyone you deserve this box seat we earned it and we

[Nick]

paid for it but after eighteen summers in a row of record temperatures in the modern day world fans are now a techie device as well and it

[Jack]

started in march when shark ninja launched the chill pill for one hundred and fifty dollars this thing includes a mister

[Nick]

n that's when bieber dropped a custom version of this fan at coachella this year when temperatures hit one hundred degrees

[Jack]

in the desert one month later dyson launched their version for one hundred dollars and it sold out immediately oh but

[Nick]

jack then dyson sold out again after they restocked the thing a month later

[Jack]

now the place that you're gonna see these electronic fans with built in air conditioning you're gonna see them in influencer videos on social media influencer videos during

[Nick]

the world cup right now right jack

[Jack]

i'm a big fan of the world cup but here's my mini fan to keep me cool that kind of thing

[Nick]

now we should point out besties dyson company and what does that mean in

[Jack]

this case there's no publicly traded stock you can get a piece of yeah

[Nick]

so dyson they're not sharing the financials and how the fans are selling right

[Jack]

now but shark ninja is publicly traded the stock's up thirty three percent this year to an all time high driven by fandom and the way jack and

[Nick]

i see it given that carrier the fifty six billion dollars residential commercial air conditioning cooling stock is near all time

[Jack]

highs why wouldn't wearable air conditioning be all time highs too so add it

[Nick]

all up besties and the personal fan isn't just trending it's a huge business opportunity because the old school paper fan

[Jack]

that you go like this with in the subway sorry nobody can see me here i'm waving myself that's the ultimate brand billboard isn't it oh and jack

[Nick]

the handheld electric version of that classic

[Jack]

fan no one has made a cute one yet and yes cute was an intentional word choice there so jack what's

[Nick]

the takeaway for our buddies who are fans of the fan if it's trending

[Jack]

you're too late you need to find

[Nick]

what's pre trending pre trending yetis handbag sales they're down so fashion needs a new accessory and we think it should be the fan but you don't need

[Jack]

to be a vogue fashion editor to make that call you just need to

[Nick]

check the data get this pinterest searches for fans are up sixty percent in

[Jack]

the last year that's an early indicator of customer demand okay but get this

[Nick]

pinterest searches for quote cute mini fans that's up one hundred forty one percent

[Jack]

in the last year that's an indicator

[Nick]

of viral demand people they're screaming for what they want online you just have to know where to look and what

[Jack]

precisely to look for because before it's trending with sales it's pre trending with searches

[Nick]

for our second story apple just sued openai for allegedly spying and stealing

[Jack]

the iphone blueprints because nothing replaces an iphone except another phone full mission impossible

[Nick]

on this but besties the way jack and i see it we're gonna need a micro drama on what's going on in silicon valley these days more twists

[Jack]

turns and accusations of cheating than a days of our lives final do you not love me tim cook on friday apple's lawyers launched what the wall street journal calls a thermonuclear attack on openai

[Nick]

juicy allegations that are straight out of page six meets the business page it

[Jack]

all starts when openai interviews apple employees to come and join openai yeah but

[Nick]

then here's where the drama begins during the interviews they didn't ask about your after work hobbies when you're not working

[Jack]

at apple no at openai they asked apple employees to download apple's trade secrets and bring them over to openai like

[Nick]

the interviews went something like you show great potential you've got but to build hardware here at openai we're going to need the technical schematics of the iphone can you bring it with you on

[Jack]

day one oh will apple try to block it yeah they'll try to block it but i worked there for twenty four years i can send you the instructions on how to get around their

[Nick]

security and if you're successful in getting us that top secret iphone info we're going to pay you double here at

[Jack]

openai now those words are not from the lawsuit that's a dramatized dialogue that nick and i created of the job

[Nick]

interview hbo call us when you're ready

[Jack]

but here's what the lawsuit did say that openai had a scheme like this and it infiltrated every level of the

[Nick]

company they said the words every level like are the interns involved in this thing what's going on jack now apple

[Jack]

hasn't proven anything yet nick it'll take months or years to prove this in

[Nick]

court but the analysts are saying that this lawsuit itself is enough to stop or slow openai entirely the strategy is

[Jack]

not warfare it's lawfare yeah it's a

[Nick]

battle but the weapons are objections red lines and subpoenas and openai's only defense

[Jack]

is motions to dismiss oh baby one

[Nick]

of tim cook's last moves as the ceo of apple it's this tripping up arrival with hundreds of lawyers and elon

[Jack]

applauded the lawsuit on twitter calling sam altman once again scam altman because apple's

[Nick]

going full habeas corpus but besties jack and i had to ask the question why did the wall street journal use the word thermonuclear to describe this lawsuit

[Jack]

because those words are the words of

[Nick]

steve jobs yeah the steve jobs you see back in twenty ten steve jobs called android a quote unquote stolen product and pledged thermonuclear war against google steve

[Jack]

jobs says that google could only build android the alternative to the iphone because google's then ceo eric schmidt was on apple's board basically he was a spy

[Nick]

well fast forward sixteen years in this lawsuit it alleges the same thing of

[Jack]

openai it says that openai has apple spies at every level of openai funny

[Nick]

jack let's check the linkedin who's the head of openai's hardware division right now

[Jack]

a twenty four year apple veteran okay who was specifically called out in the lawsuit for instructing new employees who used to be at apple how to get those blueprints past apple's it security i

[Nick]

mean this is starting to look like a high stakes version of the plot of office space second half of the movie you know what i mean yes yes it is and here's the hero stat yetis openai now employs more than four hundred former apple workers at the

[Jack]

moment and at the top of that alumni chain is jony i've jony i've

[Nick]

the legendary iphone designer although he's is not mentioned in the lawsuit we should

[Jack]

point out apple's lawsuit does say though that openai's hardware business now rests on the shakiest of foundations rotten to its core by its illegal reliance on misappropriated

[Nick]

trade secrets basically trying to clone and steal the og apple and did you

[Jack]

see that clever reference to rotten to

[Nick]

the core i see what they're doing there the lawyers apparently also poets but

[Jack]

yetis what is openai using all these apple trade secrets for jack that would

[Nick]

be to build an iphone killing hardware

[Jack]

device and according to bloomberg openai still plans to launch that ai fluent iphone iphone killer this year although this lawfare

[Nick]

could slow all that down or stop

[Jack]

it entirely so jack you can't handle

[Nick]

the truth but what's the takeaway for our buddies over at apple and openai

[Jack]

only a phone can succeed the iphone

[Nick]

yetis for decades our biggest tech companies have been trying to end the iphone era they are sick of paying the fifteen percent apple tax on everything in

[Jack]

the apps we've all wondered what could replace the iphone what could be it would it be an ai pendant or pin that you wear around your neck that knows everything that's going on would

[Nick]

it be the smart glasses we keep talking about smart earbuds with cameras a necklace that actually doubles as a device

[Jack]

well whatever it is it's gotta include a screen so that you can watch videos and play games that's what people like their technology for unless it's a

[Nick]

hologram but that tech's not here yet so a screen to watch videos and play games jack that is an iphone

[Jack]

so if apple's allegations are true it's because openai believes that nothing will replace the iphone but another phone which would

[Nick]

explain why openai has hired four hundred apple people in an alleged criminal conspiracy to obtain the iphone blueprints openai's hardware

[Jack]

device it might just be something very similar to an iphone because it's looking

[Nick]

like the only device that can succeed the iphone is another phone now a quick word from our sponsor

[Jack]

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[Nick]

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[Nick]

next i got no idea jack you tell me what's next well they say

[Jack]

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didn't know they said that now i'm

[Jack]

stressed jack that's an incredibly stressful thing we're all anxiety maxing so bezzies if

[Nick]

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[Jack]

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from accounting if we needed this product at the best one yet this is the one we'd use so for the

[Nick]

first time ever you can try netsuite

[Jack]

next for free if your revenues are at least in the seven figures go to netsuite ai tboi built for every

[Nick]

industry ready for every boardroom netsuite ai tboi for our third and final story the hottest new area in finance it's mom pe or mam maternal acquisition and

[Jack]

management moms are buying businesses and running them and the results are totally mom

[Nick]

carded yetis five years ago a woman named anika was working at amazon and the return to office mandate enforced some

[Jack]

painful decisions she was the mother of two toddlers and her husband had already become the primary caregiver and but work life balance became impossible so she quit

[Nick]

but then she bought diggiepod a book printing business which she did with a ten million dollars loan from the small

[Jack]

business administration okay that's anika erin was a googler in san francisco also with two kids and she interviewed eighty companies during her maternity leave and then bought one of them she quit google to

[Nick]

acquire and run southern sign company a custom local sign business the magazine fast

[Jack]

company interviewed those two women and a bunch of others including including another woman who was pregnant during her final year of her dartmouth mba program well after

[Nick]

graduating from business school she signed a letter of intent to buy a skincare brand while she was nursing her newborn

[Jack]

are you seeing a theme here yeah i see it jack it's the new financial trend among moms not to start

[Nick]

a company but to acquire a company like it's your new baby mama mamacita

[Jack]

or as nick and i like to say ma' am maternal acquisition and management

[Nick]

so jack can you sprinkle on some context to this fast growing area of

[Jack]

finance sure can nick almost almost exactly one year ago we introduced you on this pod to the term power pause

[Nick]

ah the power pause you see four hundred fifty five thousand women left the workforce just in twenty twenty five as employers required return to office mandates childcare

[Jack]

was the top reason so women took a power pause a power pause a

[Nick]

rebrand to becoming a stay at home mom with an intentional career break to eventually return to the workforce well now

[Jack]

we're seeing that power pause end for some of those women they're returning to

[Nick]

work but as a boss we're talking ladies who launch but instead of starting

[Jack]

a company they're buying an existing one

[Nick]

a concept jack and i call acapereneurship

[Jack]

another way to say that is entrepreneurship through acquisition and the business model is similar to private equity basically you search

[Nick]

for a solid company with an owner who wants to sell and move on

[Jack]

from that company but unlike private equity firms who want to flip that acquired company in seven years to turn a sweet profit these women want to boss that company indefinitely why to dictate the

[Nick]

work life balance as the boss no one can tell you on the rto return to office policies forty year old

[Jack]

francesca has two kids in kindergarten but her newest baby is the new laundromat

[Nick]

chain she bought and this phenomenon is what we call ma' am maternal acquisition and management women who quit their corporate

[Jack]

role three years ago but are now diligencing a vodka brand to buy before drop off of the kids yes we

[Nick]

know what you're thinking my existing business that requires more money than just just bootstrapping a startup out of your garage

[Jack]

but moms are having kids later in life these days so they have more access to capital and less tolerance for

[Nick]

risk oh and instead of hitting up the venture capitalists and going on a whole roadshow to raise money what are they doing jack they're grabbing a loan

[Jack]

from the small business administration and since these businesses are solid companies with good profits they're getting approved they're getting ten

[Nick]

million dollars loans from the small business

[Jack]

administration one professor at the university of chicago said this concept may connect with moms because it's like parenting a toddler

[Nick]

how would you describe a struggling business exactly jack like a baby working through

[Jack]

their emotions as a parent if you want to fix them you gotta listen

[Nick]

to them so jack what's the takeaway for our buddies who are all these moms buying businesses the future of these

[Jack]

companies is mom coded yetis the most

[Nick]

fascinating part of this story to us it's not just the numbers it's the

[Jack]

nuance moms are acquiring small and medium sized businesses but then remixing them through a mom's lens yeah for example one

[Nick]

mom acquired a defibrillator medical equipment chain called life support systems her first move

[Jack]

was to add a playroom so that parents could bring their kids to work if their childcare falls through oh and

[Nick]

remember that mom we mentioned who bought a book printing business well she beeped up the flexible work from home and extended the maternity leave as soon as

[Jack]

she got there she did that to boost retention because she quit her corporate job back in the day for lack of family friendly office policies and now

[Nick]

yetis it is easy for a founder to dictate startup policies of the company

[Jack]

that they started but it's more impressive for the new owner to transform an existing business's policies so add it all

[Nick]

up besties and the hottest trend in finance is mam maternal acquisition and management and their businesses are getting fully mom coded jack could you whip up the takeaways for us for t boy tuesday

[Jack]

dyson's electric mini cooling fan has become the hard to get fashion accessory of

[Nick]

the summer but before it was trending with sales it was pre trending with

[Jack]

searches for our second story apple has alleged a criminal conspiracy at openai to hire apple employees to steal their trade

[Nick]

secrets ah because the only thing that can replace the iphone is another phone

[Jack]

and finally the hot new move in finance millennial women are ending their power pauses by acquiring and running businesses call

[Nick]

it mam m a m maternal acquisition and management and they are getting mom

[Jack]

coded but besties this pod's not over yet here's what else you need to

[Nick]

know today first we got a wagyu rib of a week first we got earnings season beginning then two inflation reports and one epic that epic is the

[Jack]

odyssey but today the four big us banks all report earnings at the same exact time awkward jp morgan bank of america citibank wells fargo and for good measure goldman sachs why the same time

[Nick]

well because their earnings were all basically about the same last quarter yeah with

[Jack]

each advising the spacex ipo each bank is likely to announce crazy investment banking

[Nick]

fees and second zuck has suspended meta's new ai product that let your picks be used for ai generated content or without your consent and without even notifying

[Jack]

you this came after tons of criticism including from this podcast last friday yeah

[Nick]

zuck's pr statement announcing the suspension of the privacy invading feature it simply said

[Jack]

this we've heard that this feature missed the mark so it's no longer available

[Nick]

man a few words and finally you're gonna like the way this stock looks i guarantee it that sounds like a

[Jack]

recommendation to buy nick and to be clear this is not that well the

[Nick]

founder would recommend you buy it because men's wearhouse just filed to ipo yeah yes the buy one suit get free store is going public again no no

[Jack]

no buy one suit get three free

[Nick]

store i thought it was eight free can we look at the fine print

[Jack]

on this thing it's officially called taylor brands they own joseph a bank too and they went bankrupt during the pandemic when you traded out your suits for sweatpants but now they're back okay our

[Nick]

pitch to the company when you go public make it buy one share get three shares free it's a win maybe win it's going to look good my

[Jack]

first suit it was actually four suits from joseph baby

[Nick]

now time for the best fact yeah this one sent in by pierre all the way over in paris jack what have we got well

[Jack]

we got the semifinals of this incredible world cup and it's down to france versus spain england versus argentina okay but

[Nick]

funny thing about tonight's france game and what is it jack well it's france's

[Jack]

record tying third semifinal appearance in a

[Nick]

row but it's also france's most important

[Jack]

holiday of the year france is competing in the semifinals on poland bastille day

[Nick]

bastille day a national holiday to celebrate the storming of the bastille in paris back in seventeen eighty nine pivotal moment

[Jack]

in french revolution to end the monarchy

[Nick]

but the french have one other advantage going in tonight's game as well they're carrying the trophy literally in addition to the whole country already having the day off the world cup trophy is being transported in a custom suitcase designed by none other than louis vuitton not possible

[Jack]

it is possible

[Nick]

yetis you look fantastic for t boy tuesday jack you are glowing over there my friend and yetis

[Jack]

if you want to help the show drop a link to today's episode in your group chat the group chat how

[Nick]

we grow the pod if you know you know and before we go a happy birthday to legendary yeti adrian martinez turning twelve years old in panama city panama huge fan of the best idea yet who's got some big ideas for what we should hit in season two

[Jack]

happy birthday to owen and evan klein twin brothers turning ten in dallas to

[Nick]

texas and jenna marshall happy twenty eighth down in tampa happy seventh birthday to

[Jack]

aurora rosen in new jersey listening since she was a toddler thank you so

[Nick]

much aurora and oren aronson down in nashville tennessee is playing music for the

[Jack]

best birthday yet happy birthday to stephen cavanas in new york who's also celebrating ten years with kylie kavanaugh and a

[Nick]

happy birthday to elise grossman down in sin city cincinnati and congrats on getting cast as veruca salt in willy wonka

[Jack]

and a huge shout out to mike in oshkosh wisconsin who just upgraded his twenty ten subaru outback which probably has seven hundred thousand miles on it he

[Nick]

picked up a twenty fourteen outback with only twenty two thousand miles sounds like a financial trick shot and to anyone

[Jack]

else celebrating something today make it a

[Nick]

t boy celebrate the wins

[Jack]

this is jack i own stock of amazon nick owns stock of delta we both own stock of apple and i own one spacex share and nick owns more than one beero premium non alcoholic beer all

[Nick]

right yet he's a little behind the scenes here before our new york city live show back in april jack and i went sober for two weeks true

[Jack]

story couldn't risk getting sick i didn't want to be groggy i couldn't afford a hangover it was new york baby

[Nick]

okay but jack celebrating the wins is what we do and so for our live shows we crack open something special

[Jack]

so we drank beer o the premium non alcoholic beer brand co founded by tom holland yeah i actually first saw

[Nick]

it at my grocery store delicious tastes like a celebration feels fantastic and looks legit more on the looks in a

[Jack]

sec and if it's good enough for the actor who played spider man it's good enough for us you see it

[Nick]

pairs well with the pickleball game of profitable earnings report or with the best

[Jack]

podcast so yetis if you wanna celebrate the wins with all the taste of a premium lager or ipa but none of the alcohol there's no better choice than beer okay pause the pod did

[Nick]

we mention the can is straight up gold this thing will stand out at every one of your next parties trust

[Jack]

us we've done it only beer we know that actually upgrades the scene like

[Nick]

a promotion so basties if there's a win you're celebrating every day buro is the non alcoholic brew brand you gotta

[Jack]

bring so use code t boy for twenty percent off your first order at bureau brew brewing combination