Everything Jes Bickhart said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Bickhart: Buyers searching for reasons to say no are already sold
“If the person that you're talking to is looking for a reason to say yes, then we're probably out. Like, if they're looking for a reason, they're like, tell me why I should buy this again, like, what is it, if they're looking for a reason to say yes, they're do…”
Bickhart: TV discovery is harder than music due to longer sampling times
“Film and TV, the sampling time with music is like three to four seconds. You're like, I kind of like this or not. Tilbury TV, like, you have to watch it in 20 minutes to something to figure out if you like it. You do that two times and you're done for the nigh…”
Bickhart: Social algorithms prioritize peer shares over likes and comments
“As far as like Facebook's algorithm goes, like if you get, the more shares you get, the more likely you're going to be featured on that discover page. So create a content that it's inherently shareable, not necessarily the most outliers or comments, but like c…”
Bickhart: Selling alpha data feeds inherently destroys their market value
“The more people that pay to subscribe to this alpha, the less alpha it's actually providing in the marketplace. Your data becomes priced into the model.”
Bickhart: Selling startup assets piecemeal can yield a premium over bulk sales
“If all of your assets individually are worth something, it's probably a premium to buying everything together, unless you can find that perfect buyer.”
Bickhart: Minnow broke into Apple's top 200 apps on launch day
“On lunch day, we broke into Apple's top 200 apps on the lunch day, and we never know a lot of that until we sold.”
Bickhart: Instagram meme account drove 400 daily app downloads for Minnow
“We built one of the fastest growing Film and TV meme accounts on Instagram, and at its peak, we had over 600,000 followers including big celebrities, and we're promoting new movies on platforms, old movies on platforms, things that are coming, things that are …”
Bickhart: Minnow's 13-month sale required six buyer meetings for one term sheet
“We had six in-person meetings with large companies. Everyone from like four to 500 to So the largest nonprofits in the world that could benefit from the technology that we built. So six in-person meetings translated into three real diligence meetings where the…”
Bickhart: Minnow rolled 25 investors into a single SPV for its acquisition
“And so we rolled everybody up into like an SPV LLC. And they acquired that one LLC.”
Bickhart: Letting the buyer draft transaction documents saved 90% in legal fees
“They drafted all of the language, and so we just did contract, which probably saved me 90% of our legal bill for the trade.”
Bickhart applied to Y Combinator eight or nine times before Minnow
“I think I applied like eight or nine times to YC. With various ideas over the years”
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