Matt Lieber, co-founder and president of Gimlet Media, details the governance and ownership terms he and Alex Blumberg maintained after raising venture funding.
0:00 / 0:08exact quote · 8.0s
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“It was really important to Alex and I that we both still controlled our own destiny, that we controlled more than 50% of the company, and we wanted to have a small board.”
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More from Matt Lieber
Disclosure
VCs told Gimlet Media to ignore revenue and focus on user growth
“We had conversations with some VCs who we would begin to talk about revenue, and they're like, we don't want to hear it. We're not actually interested in that. We want to see just a really steep user growth curve, and like, we know that if you get a large audi…”
Matt LieberJan 15, 2016▶ 7:1320 VC FF 030: Gimlet Media's Matt Lieber on The Future of Podcasting and Life @ Gimlet
Opinion
Podcasting is a hot sector with very few investable companies
“The round went very well, and there was a lot of interest in our company because podcasting is kind of a hot space, but there aren't A lot of investable companies in this space.”
Matt LieberJan 15, 2016▶ 15:1220 VC FF 030: Gimlet Media's Matt Lieber on The Future of Podcasting and Life @ Gimlet
Opinion
Founders should not emulate Steve Jobs' monomaniacal management behaviors
“He is a revolutionary, and he's a visionary, and he created incredible products that changed the world, but he, I don't think people loved working for him, and I think that he also has, like, monomaniacal behaviors that I would not want to adopt, because that'…”
Matt LieberJan 15, 2016▶ 21:0120 VC FF 030: Gimlet Media's Matt Lieber on The Future of Podcasting and Life @ Gimlet
AssertionSupported
Gimlet Media generated revenue from inception through podcast ad sales
“Unlike, I think, most sort of Silicon Valley startups that have started in the last year or two, we had revenue from the very beginning, because we were selling advertisements on our show.”
Matt LieberJan 15, 2016▶ 6:5620 VC FF 030: Gimlet Media's Matt Lieber on The Future of Podcasting and Life @ Gimlet
PredictionNot checkable as stated
Advertising and subscriptions hold Gimlet's greatest monetization potential
“I think the advertising business, and then down the road the subscription business has the biggest potential, together.”
Matt LieberJan 15, 2016▶ 23:1020 VC FF 030: Gimlet Media's Matt Lieber on The Future of Podcasting and Life @ Gimlet
Disclosure
Lieber: 80% of Gimlet Media's listening happens on mobile
“We're totally mobile media company. It's like 80% of our listening happens on mobile devices.”
Matt LieberJan 15, 2016▶ 16:5720 VC FF 030: Gimlet Media's Matt Lieber on The Future of Podcasting and Life @ Gimlet
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