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Invest in Progress

Scottish Mortgage
Artificial Intelligence
Affirm
ASML
Tempus AI
Horizon Robotics
Autonomous Driving
Enveda
Paypal
Carbon Removal
Climate Change
Scottish Mortgage
Wise
Gopuff
Moore's Law
Moderna
Brandtech
Chemical Industry
Blockchain.com
Bitcoin
Cryptocurrency

Invest in Progress is a podcast brought to you by the Scottish Mortgage Team. It offers a backstage pass to the conversations that occur between our managers and visionary leaders solving some of the world’s most complex problems. This podcast is for all UK investors, existing shareholders of Scottish Mortgage and professional investors in Australia, Germany, Switzerland, Belgium, The Netherlands,... more

PublishesTwice weeklyEpisodes29Founded4 years ago
Number of ListenersCategories
InvestingBusinessEntrepreneurship

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Artwork for Invest in Progress

Latest Episodes

A compressed version of Scottish Mortgage’s interview with chip-making equipment company ASML’s chief executive, Christophe Fouquet.

Listen to the full episode here.

ASML prints the vanishingly small patterns that make leading-edge computer chips p... more

ASML makes what many consider to be the most complex machines in the world. They print the vanishingly small patterns that make leading-edge computer chips possible. NVIDIA, Amazon and Anthropic all rely on it to create their products and services. “... more

YouTube

A compressed version of Scottish Mortgage’s interview with the everyday item delivery service’s co-founder Yakir Gola.

Listen to the full episode here.

‘Instant commerce’ company Gopuff delivers groceries and other everyday goods to shoppers’ homes... more

The instant commerce company Gopuff delivers groceries and other must-haves to shoppers' homes within minutes of an online order. Co-founder and co-chief executive Yakir Gola tells Scottish Mortgage manager Tom Slater how he developed the business fr... more

YouTube

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Recent Guests

Christophe Fouquet
Executive lead at ASML (guest)
ASML
Episode: ASML: The Printing Press of the AI Age
Lawrence Burns
Executive/Investor voice (guest)
Scottish Mortgage
Episode: ASML: The Printing Press of the AI Age
Yakir Gola
Co-founder of Gopuff
Gopuff
Episode: Gopuff: Online Shopping's Express Aisle
Max Levchin
Founder and CEO of Affirm
Affirm
Episode: Affirm: Why Shoppers are Walking Away from Credit Cards
Viswa Colloru
Chief Executive of Enveda
Enveda
Episode: 10-MINUTE TAKE: Enveda
Viswa Colluru
Founder and Chief Executive of Enveda
Enveda
Episode: Enveda: Finding Hidden Medicines in Nature
Dr. Kai Yu
Founder and CEO of Horizon Robotics
Horizon Robotics
Episode: Horizon Robotics: Driving the Autonomous Revolution
Eric Lefkofsky
Founder of Tempus AI and tech entrepreneur
Tempus AI
Episode: Tempus AI: Pioneering AI-Enabled Healthcare
Peter Smith
CEO of blockchain.com
blockchain.com
Episode: Blockchain.com: Outlasting the Crypto Chaos

Hosts

Claire Shaw
Portfolio Director at Scottish Mortgage; co-host of Invest in Progress; frequent host summarizing portfolio rationale, governance, and investor perspectives.
Tom Slater
Scottish Mortgage Manager; active host discussing portfolio strategy, market positioning, and investor storytelling.

Reviews

4.8 out of 5 stars from 65 ratings
  • Excellent and Insightful Podcast

    Love hearing more about the different holdings in the SMT portfolio. Keep them coming!

    Apple Podcasts
    1
    Podlover4075
    United Kingdom2 years ago
  • Great podcasts

    Just a big shame that they don’t post very often

    Apple Podcasts
    5
    caffe nero hero
    United Kingdom2 years ago
  • Good background.

    Well worth producing this podcast series, very informative.

    Apple Podcasts
    5
    ARH Family Money
    United Kingdom3 years ago
  • Truly insightful listening

    Absolutely fantastic podcast

    Apple Podcasts
    5
    GSG 1
    United Kingdom3 years ago
  • Awesome

    First time I have listened to the podcast! And I am blown away by how interesting the interviews are and the information you have provided.

    Looking forward to all future podcasts.

    Well done.

    Apple Podcasts
    5
    Simon08says
    United Kingdom3 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Listeners value the practical takeaways on portfolio rationale.
Feedback requests more frequent posting and consistent episode cadence.
Audience praises in-depth guest insights and high-quality interviews.
Guests often bring strong expertise in tech and growth investing.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

10-MINUTE TAKE: ASML
Q: What problem is ASML solving and how does lithography enable AI compute growth?
ASML creates machines that print extremely small transistor patterns on chips, enabling higher transistor density and AI-capable compute. The key is EUV lithography for nanometer-scale features, which underpins the latest AI architectures and performance gains.
ASML: The Printing Press of the AI Age
Q: How does ASML navigate geopolitics and export controls while maintaining growth?
ASML emphasizes balancing stability with strategic considerations, arguing that overly aggressive restrictions can spur competing efforts elsewhere, and that a stable, balanced policy environment is essential to sustain long-term competitiveness and global supply chains.
ASML: The Printing Press of the AI Age
Q: Why invest in ASML and how durable is its lead in EUV technology?
The lead comes from a combination of immense technical complexity, control of key supply-chain components, and ongoing heavy R&D investment to stay ahead; even with attempts to replicate EUV, ASML's advancements and ecosystem make reverse-engineering or matching the performance very challenging for competitors.
Affirm: Why Shoppers are Walking Away from Credit Cards
Q: Can you explain what Affirm does and what problem it solves?
Affirm offers a transparent buy now, pay later option with no hidden fees, real-time underwriting, and upfront disclosure of total costs, aiming to reduce debt and improve consumer financial clarity.
10-MINUTE TAKE: Affirm
Q: Hi Max, can you explain what Affirm does and what the problem is that the company is trying to solve?
Affirm offers a transparent point-of-sale lending option, allowing consumers to buy online or offline and pay over time with clear terms, often avoiding traditional credit card pitfalls like hidden fees and retroactive interest. The focus is on real-time underwriting, lower or no late fees, and collaboration with merchants to provide favorable financing terms that benefit both buyers and retailers.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About Invest in Progress

What is Invest in Progress about and what kind of topics does it cover?

A thoughtful, long-horizon investing show that pairs the firm's managers with technology and business leaders to unpack strategic growth, capital allocation, and responsible investing. Episodes frequently center on portfolio holdings, partnerships, and operating bets in fintech, biotech, and consumer platforms, with a strong emphasis on governance, profitability, and scale. Noteworthy angles include founder stories, global expansion, and the practical tradeoffs of sustainable long-term investing, making it useful for professionals evaluating market themes and potential sponsor fit.

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Which podcasts are similar to Invest in Progress?

These podcasts share a similar audience with Invest in Progress:

1. On The Money
2. Short Briefings on Long Term Thinking - Baillie Gifford
3. Merryn Talks Money
4. Investors' Chronicle
5. AJ Bell Money & Markets

How many episodes of Invest in Progress are there?

Invest in Progress launched 4 years ago and published 29 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Invest in Progress?

Recent guests on Invest in Progress include:

1. Christophe Fouquet
2. Lawrence Burns
3. Yakir Gola
4. Max Levchin
5. Viswa Colloru
6. Viswa Colluru
7. Dr. Kai Yu
8. Eric Lefkofsky

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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