Sands Capital - What Matters Most

By: Sands Capital
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  • Summary

  • Go inside the businesses driving global innovation, changing the way we live and work. Sands Capital is an active, long-term investor, and each podcast in our What Matters Most series offers investors an in-depth look at a particular company, explains how our high-conviction strategy led us to target them, and why we expect them to be a leader going forward. https://www.sandscapital.com/WMM-Disclosure
    Sands Capital
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Economics Personal Finance
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Episodes
  • Nubank: Reshaping Banking in Brazil and Beyond

    Nubank: Reshaping Banking in Brazil and Beyond
    Jan 8 2025

    In this episode of Season 3 of What Matters Most, Sands Capital’s Eduardo Leal explains how Brazil’s Nubank went from startup to the country’s second largest corporation in just 10 years — and the company’s digital-first banking platform. Join us as we explore how mobile banking is opening financial doors for global citizens and how we believe Nubank is poised to remake the Brazilian banking industry.


    Show Notes

    (2:23) The State of Banking for 700 million Latin Americans

    (4:32) Founder David Vélez’ Story

    (7:32) How NuBank Serves a Fundamental Need

    (10:48) A Lean, Mean Business Model

    (13:45) Overcapitalization: A Good Problem to Have

    (17:06) How Sands Capital First Spotted NuBank

    (18:46) Potential Risks to Future Growth

    (21:01) Could NuBank Expand Beyond Latin America?

    (22:29) The Next 10 Years


    Review our podcast season and episode disclosures ⁠⁠⁠⁠here⁠⁠⁠⁠.


    Learn more about ⁠⁠⁠Sands Capital⁠⁠⁠, sign up for ⁠⁠⁠our newsletter⁠⁠⁠, and ⁠⁠⁠follow us on LinkedIn⁠⁠⁠.
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    26 mins
  • Samsara: Steering the Future with Integrated Fleet Technology

    Samsara: Steering the Future with Integrated Fleet Technology
    Dec 5 2024

    In our first episode of season 3’s What Matters Most, Sands Capital’s Emerson Bluhm explains why Samsara’s integrated hardware and software technology continues to gain market share and why this investment opportunity is aligned with Sands Capital’s philosophy. Join us as we explore the future of real-world operations and why Samsara is poised to become a leader of this ~$4 billion North American market.


    Show Notes

    (1:17) From Private Funding to Public Success

    (3:50) A Software Company that Knows Hardware

    (4:43) Why Physical Operations is Ripe for Disruption

    (6:54) Leadership with a Proven Track Record

    (11:04) The Value of Samsara’s Integrated Platform

    (16:17) ‘AirTags’ for Cranes, Tools and Everything in Between

    (19:44) Third-party Integrations and Realtime Decision-making

    (21:07) Return-on-investment for End Users

    (22:34) Samsara’s Long-term Growth Potential

    (24:13) The Stickiness Subscription-based Revenue


    Learn more about ⁠⁠Sands Capital⁠⁠, sign up for ⁠⁠our newsletter⁠⁠, and ⁠⁠follow us on LinkedIn⁠⁠.


    Review our podcast season and episode disclosures ⁠⁠here⁠⁠.

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    33 mins
  • The Hidden Player in the Semiconductor Boom

    The Hidden Player in the Semiconductor Boom
    Sep 30 2024
    You’ll find semiconductors in just about every device with a plug, a power button, or a battery. In this episode of What Matters Most, Sands Capital research analyst Daniel Pilling explains why Entegris, a critical player in the global semiconductor industry, is seeing rapid growth as the demand for artificial intelligence (AI) and machine learning intensifies. Transcript available here. (00:01:37) From vacuum tubes to artificial intelligence (AI) in 80 years—a quick history of semiconductors (00:04:51) How small is a nanometer really? Moore’s Law in action, shrinking chip circuitry. (00:07:33) Exponential complexity in chipmaking. Skyscrapers and bread? (00:09:00) But actually, how do you make a semiconductor? (00:15:18) Entegris: chemicals or technology analysts? Who covers it and why? (00:18:56) “One throat to choke”? And the chokepoint explained. (00:26:28) Why consumables have less “lumpy” capital expenditures (00:26:51) Chips that power EVs [electric vehicles] (00:30:22) Don’t bet on the winner in this market, and what to do instead. (00:33:57) Advantages and industry talent finding an employer of choice (00:40:32) The iPhone moment and where AI is going from here (00:42:17) Outlook for Entegris and semiconductor growth Related content from Sands Capital ⁠⁠Sign up to receive our monthly Perspectives newsletter: ⁠⁠Our latest thinking on innovation investing, long-term capital, and culture More from Daniel Pilling: Gen AI: Hype or Megatrend, Inside Cadence: The Software Powering Semiconductor Breakthroughs Season 3 is now live! Samsara: Steering the Future with Integrated Fleet Technology Catch our most popular episodes from last season: ⁠⁠Globant Takes A Design-First Approach to Pure Play Digital Service⁠⁠ ⁠⁠⁠Revolutionizing Public Safety: The Axon Ecosystem⁠⁠⁠ Kaspi: The Super App Reshaping Kazakhstan’s Financial Landscape ⁠⁠Follow What Matters Most⁠⁠ wherever you listen to podcasts and never miss an episode. Learn more about ⁠⁠Sands Capital⁠⁠, sign up for ⁠⁠our newsletter⁠⁠, and ⁠⁠follow us on LinkedIn⁠⁠. Review our podcast season and episode disclosures ⁠⁠here⁠⁠.
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    45 mins

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