David Rosenthal

Things David Says on Podcasts

Co-founder of Acquired, the podcast on the histories and strategies of great companies. Previously worked with Ben Gilbert at Madrona Venture Group in Seattle. Co-hosts Acquired and its ACQ2 interview show with Ben Gilbert. Has guested on This Week in Startups, My First Million, Odd Lots, Squawk Pod and Invest Like the Best.

Where to Find Them

David Rosenthal hosts and writes Acquired and hosts and writes ACQ2 by Acquired . They have also been a guest on This Week in Startups (3 times) , My First Million (2 times) , Capital Allocators – Inside the Institutional Investment Industry , Odd Lots , Squawk Pod , The Logan Bartlett Show , Cold Call , Build Your SaaS , Founders , TBPN and Invest Like the Best (Patrick O'Shaughnessy) .

Recently: “Seinfeld” on Acquired (October 2026); “The Home Depot” on Acquired (September 2026); “The Home Depot” on Acquired (September 2026); “Disney: The Renaissance and the Empire” on Acquired (August 2026); “Disney: The Renaissance and the Empire” on Acquired (August 2026); “The Walt Disney Company” on Acquired (June 2026).

What They Said

“Steve Case, head of AOL, would talk about how AOL's main competition was Seinfeld. They would never see AOL connection numbers dip except when Seinfeld was airing. And then they would go right back up as everybody came on AOL to talk about Seinfeld.” — David Rosenthal, Acquired

Rosenthal is describing Seinfeld's mid-90s peak, which arrived just as the internet came online. Early online communities picked apart each episode in the week it aired. He is relaying what AOL's chief used to say, not quoting a source directly.

Acquired · 2026-10-19 Permalink → Listen →
Acquired Around 1:59:27 into the episode
David Rosenthal

…with master of my domain, master of your domain. After that, we get yada, yada, yada, double dipping, shrinkage, festivus. I mean, on and on. These are all words and phrases that Seinfeld invented. And all this is hitting here as we head into 1994, 1995, right as the internet is coming online.

Ben Gilbert

That's right. According to the book Seinfeldia, which is a great read, there were a bunch of early online communities about Seinfeld.

David Rosenthal

Analyzing each episode, the week it comes out. It was crazy. Steve Case would talk about head of AOL that AOL's main competition was Seinfeld. They would never see AOL connection numbers dip except when Seinfeld was airing. And then they would go right back up as everybody came on AOL to talk about Seinfeld. And

Ben Gilbert

you know who's talking about stuff on the internet? Urban, well-educated, affluent, young males.

David Rosenthal

Yeah. I mean, it was the most perfect timing ever that you could imagine for this type of show to have that moment of cultural relevance with the contest, move to the marquee slot on Thursday nights on NBC, and then have the internet hit all in quick succession.

Ben Gilbert

It's amazing. So this is all going really well, but what's going on inside is basically killing the people who are making it. I mean, the obsession that is going into this, the like every word and the writing and the rewriting and this obsession with the joke. Nothing else matters. It is these like…

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

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