David Senra

Kenn Ricci is the chairman and largest shareholder of Flexjet, a fractional private jet company that operates more than 360 aircraft and is the largest Gulfstream operator in the world. A former Air Force-trained pilot, Kenn bought a small Cleveland charter company in his twenties so he could keep flying, built it into Flight Options, lost control of it to Raytheon in 2002, and bought it back during the 2008 financial crisis before acquiring Flexjet from Bombardier in 2014. He explains how Warren Buffett’s purchase of NetJets unlocked his financing, why he avoids mergers, why he has kept Flexjet private, and why he gave his children their wealth early through a family limited partnership. He also shares the advice from Notre Dame’s Father Ted Hesburgh that shaped his idea of a life of significance, and why every Flexjet employee can fix a customer’s problem without approval. Show notes: https://www.davidsenra.com/episode/kenn-ricci Made possible by Ramp: https://ramp.com Deel: https://deel.com/senra AppLovin: https://applovin.com/senra Chapters (00:00:00) Kenn's son had never flown commercial (00:02:34) Giving your kids their wealth while you're alive (00:07:03) Charlie Munger: "You give them the money" (00:15:57) The rule his kids made to avoid jealousy (00:25:36) Buying a failed charter company for $27,500 (00:35:05) Turned down by every bank until Buffett bought NetJets (00:39:33) $100 million in sales in 3 months (00:41:36) Why he hates mergers (00:42:58) Losing his company: the worst day of his life (00:52:15) Buying his company back in the financial crisis (00:56:08) The $600 million problem that led to Gulfstream (01:03:01) Father Hesburgh's 3 rules for a life of significance (01:05:47) Why he gave away everything he owned (01:09:57) Why any employee can comp a $300,000 trip Learn more about your ad choices. Visit megaphone.fm/adchoices

Kurt MacAlpine is a partner and the CEO of Corient, which manages approximately $525 billion in client assets. He became a first-time CEO at 39, believes wealth management was built on a flawed incentive structure, and applied a professional services partnership model to the industry. Kurt explains why Corient has one compensation plan and one P&L, how sharing the benefits of scale helps clients and partners, and why he kept building while the stock market questioned his strategy. He discusses buying back shares, taking CI Financial private with Mubadala Capital, integrating acquisitions, and building a business designed to last for generations. Show notes: https://www.davidsenra.com/episode/kurt-macalpine Made possible by Ramp: https://ramp.com AppLovin: https://applovin.com/senra Deel: https://deel.com/senra Chapters (00:00:00) Building Corient and managing $525 billion (00:05:32) Why wealth management’s incentives are broken (00:11:42) Bringing the partnership model to wealth management (00:22:15) Sharing the benefits of scale with clients (00:24:25) One compensation plan, one P&L, no exceptions (00:27:58) Why independent wealth managers join Corient (00:39:21) Staying the course when the stock market disagrees (00:48:25) Betting on the business through share buybacks (00:51:52) Taking CI Financial private with Mubadala Capital (00:59:08) Acquiring great partners and building one company (01:04:43) Giving employees a voice in building the brand (01:12:39) Building a business that lasts for generations Learn more about your ad choices. Visit megaphone.fm/adchoices

Alexandr Wang is the chief AI officer of Meta and co-founder of Scale AI. We talk about the seven-month effort to build Muse, why Meta focused on personal AI agents instead of coding, and how Mark Zuckerberg and Nat Friedman helped shape the product. Alexandr shares how Zuckerberg recruited him after Meta's Llama 4 setback, why he left Scale after nine years, and how he's rebuilding Meta's AI lab around small teams, exceptional talent, and minimal bureaucracy. We also discuss using memes to make a product go viral, the importance of having a single point of view, and why Alexandr believes AI could give everyone the ability to pursue bigger ambitions. Show notes: https://www.davidsenra.com/episode/alexandr-wang Made possible by Ramp: https://ramp.com Deel: https://deel.com/senra AppLovin: https://applovin.com/senra Chapters (00:00:00) The vision behind Muse (00:01:32) Discovering the potential of personal AI agents (00:03:34) Three years of therapy in one AI session (00:05:46) Building Muse in 7 months (00:09:16) Why Meta bet on personal AI (00:16:51) Mark Zuckerberg's obsession with improving products (00:20:15) How Meta knew Muse was ready to launch (00:23:32) Why great products need a single point of view (00:25:56) Making Meta cool again with memes (00:34:38) Building trust with AI agents (00:38:43) The future of human ambition (00:45:22) The call from Mark Zuckerberg that changed everything (00:52:13) Leaving Scale AI for Meta (00:55:19) Rebuilding Meta's AI lab from scratch (00:58:13) From founder to coach (01:05:55) The future billionaires at Alexandr's 19th birthday party (01:08:04) Diamond mining vs. building skyscrapers (01:09:21) Why Alexandr has more than 200 direct reports Learn more about your ad choices. Visit megaphone.fm/adchoices

Jeremy Stern is the editor-in-chief of Colossus, where he writes long-form profiles of leading entrepreneurs and investors. He goes behind the scenes of his reporting on Mark Zuckerberg, explaining how months of interviews revealed Zuckerberg’s fascination with Augustus, relentless competitive drive and commitment to building Meta for decades. Jeremy discusses why Meta’s distribution and infrastructure could give it an advantage in AI and why some founders seem incapable of walking away. He explains how a question about defense technology became his first profile, on Palmer Luckey, and why he brings the craft of fiction and poetry to writing about business. Jeremy also describes Scott Wu’s combination of mathematical genius, natural leadership and authenticity, and how Josh Kushner’s family history shaped his exploration of Thrive Capital and the American dream. The conversation closes with the story of Jeremy’s Russian professor, whose belief that people have an obligation to their gifts changed his life and helped shape how he sees the people he writes about. Show notes: https://www.davidsenra.com/episode/jeremy-stern Made possible by Ramp: https://ramp.com Deel: https://deel.com/senra AppLovin: https://applovin.com/senra Learn more about your ad choices. Visit megaphone.fm/adchoices

Ronnie Fieg is the founder, CEO and creative director of Kith. At 13, he turned down an envelope of cash at his bar mitzvah to ask his cousin for a job, then spent 15 years working his way up from stock boy to buyer at David Z. He explains how growing up in Queens and working on 8th Street shaped his taste, how his first ASICS Gel-Lyte III collaboration landed on the front of The Wall Street Journal’s Pursuits section and why he still designs every product for himself first. Ronnie describes why Kith refuses to wholesale or license, why he opens new physical stores as online sales grow and why he believes luxury should mean how much people love what they buy. He also details how a failed white chocolate bread idea became Kith Treats, how he prices product so customers get more than they pay for and what he felt seeing all 1,800 of his shoe designs laid out in chronological order. Ronnie shares how an obsession with padel led to Kith Ivy, why he is expanding into hospitality with Ronnie’s and why growing up before the internet forced him to develop his own point of view. Show notes: https://davidsenra.com/episode/ronnie-fieg Made possible by Ramp: https://ramp.com AppLovin: https://applovin.com/senra Deel: https://deel.com/senra Chapters (00:00:00) You can’t work backwards from money (00:04:43) “Keep the envelope. I want a job.” (00:10:25) Why the CEO is also the fit model (00:18:43) The childhood shoe that launched his career (00:20:52) The Wall Street Journal, a line down the block and a visit from Adidas (00:26:48) Get rid of the crap (00:31:09) What luxury should actually mean (00:32:40) Why Kith doesn’t wholesale or license (00:38:24) Building the opposite of an arrogant sneaker shop (00:40:39) The Italian crook who registered Kith’s trademark (00:52:02) How a $20 deli experiment became Kith Treats (00:55:11) Serve your customers, don’t chase new ones (00:59:35) Always give people more than they pay for (01:02:41) Seeing 15 years of work laid out on the floor (01:12:00) Growing up before the algorithm (01:25:46) How a padel obsession created Kith Ivy Learn more about your ad choices. Visit megaphone.fm/adchoices

Luca Ferrari is a co-founder of Bending Spoons, the technology company he built with his partners by rethinking how software businesses should hire, operate and allocate capital. He explains why Bending Spoons aspires to build “the best company there ever was,” why it favors raw talent and drive over experience and how a centralized talent team uses testing and more than 100 signals to identify exceptional people early. Luca describes the company’s culture of extreme ownership and relentless simplification, including why employees are given more work than they can possibly complete, why teams rotate across businesses and why Bending Spoons eliminated traditional job titles. He also details the proprietary operating system and AI tools that allow small teams to run acquired products such as Evernote, why Bending Spoons buys businesses to hold and transform rather than sell and how operational excellence gives it an advantage in acquisitions. Luca closes by discussing going public, his approach to negotiation and capital allocation and why he believes logic and rationality are more reliable than blindly following data. Show notes: https://davidsenra.com/episode/luca-ferrari Made possible by Ramp: https://ramp.com Deel: https://deel.com/senra AppLovin: https://applovin.com/senra Chapters (00:00:00) Fanatical founders building enduring companies (00:01:23) Luca on building the best company there ever was (00:04:22) The origins of Bending Spoons (00:05:47) Talent and why experience is overrated (00:15:05) Turning hiring into a science (00:23:30) Why Bending Spoons doesn't use bonuses (00:29:26) Why everyone in the company has the same job (00:42:41) On finding great potential and saturating their capacity (00:49:50) Insisting on a culture of extreme ownership (00:59:28) Luca's principle of relentless simplification (01:05:15) Why Bending Spoons doesn't use job titles (01:10:27) The proprietary operating system behind Bending Spoons (01:17:07) Why Bending Spoons isn't private equity (01:19:32) How Bending Spoons acquired & transformed Evernote (01:28:01) How Bending Spoons uses AI (01:40:42) How Bending Spoons thinks about capital allocation (01:43:50) Why procrastination without laziness is good (01:46:46) Operational excellence is not optional (01:49:07) How Bending Spoons negotiates acquisitions (01:54:47) Logic over numbers Learn more about your ad choices. Visit megaphone.fm/adchoices