Jacob Goldstein

Things Jacob Says on Podcasts

Podcast host and author who spent more than a decade as co-host of the Planet Money podcast. Wrote Money: The True Story of a Made-Up Thing. Hosts What's Your Problem?, where guests describe the technical problems they are trying to solve, and Business History, which tells stories from the history of business, both from Pushkin Industries.

Where to Find Them

Jacob Goldstein hosts What's Your Problem? , hosts Business History , hosts Planet Money , hosts Slate Money , writes 99% Invisible and hosts Unhedged . They have also been a guest on Jill on Money with Jill Schlesinger (2 times) , Odd Lots (2 times) , Better Offline , Everybody's Business , Brew Markets , If/Then and The Pomp Podcast .

Recently: “How a Bad Boss Kickstarted Silicon Valley... from Business History” on What's Your Problem? (October 2026); “Solving the Trust Problem in AI Shopping” on What's Your Problem? (October 2026); “How the Company Conquered the World” on Business History (October 2026); “Can a Robot Build Better, Cheaper Houses?” on What's Your Problem? (October 2026); “Sam the Banana Man: Gunboats, Coups, and United Fruit” on Business History (October 2026); “Did AI Write This?” on What's Your Problem? (October 2026).

What They Said

“You can get away with a lot if you're managing a team of engineers. But there is one thing, if they're ambitious and talented, that you cannot get away with. And that is becoming less ambitious, scaling back the vision.” — Jacob Goldstein, What's Your Problem?

Goldstein on William Shockley, the Nobel-winning transistor pioneer whose management drove away the young engineers who went on to found Fairchild. The last straw was Shockley dropping the general-purpose silicon transistor to make switches for telephone exchanges instead.

What's Your Problem? · 2026-10-26 Permalink → Listen →
What's Your Problem? Around 18:55 into the episode
Jacob Goldstein

He's won the prize. Like, take the win, William Shockley.

Robert Smith

Unbelievable.

Jacob Goldstein

And then he does one more thing. And, you know, you can get away with a lot if you're managing a team of engineers. But there is one thing, if they're ambitious and talented, that you cannot get away with. And that is becoming less ambitious, scaling back the vision. And that is what he does around this time. He decides that rather than making a silicon transistor that can be used for anything, but that's quite hard to make that they haven't really figured out yet. Instead of doing that, he decides that they're going to make something that has a clear, defined, limited use case. And that is a semiconductor that can do mechanical switching in telephone exchanges.

Robert Smith

Oh, he wants to revolutionize the phone company?

Jacob Goldstein

Yeah, like Come on, man, right? Like, we came out here to the apricot warehouse to change the world.

Robert Smith

And you want to make calls clearer. Okay.

Speaker names from our own diarization · position estimated from where the line sits in the episode

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