Everything Michael Mignano said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Mignano: Suno has a large subscriber base and shockingly high revenue
“They have a ton of subscribers and a shockingly high amount of revenue that I will let them reveal on your podcast.”
Mignano: Sam Altman hinted at compensating creators for name and likeness
“Sam actually even hinted to this in his blog post, sort of hinted that there's going to be a new model where they're compensating creators for their likeness, their name and likeness.”
Mignano: Spotify deliberately takes time deciding, planning five to ten years ahead
“And I think Spotify in general is a very, very strategic company. They take a long time to make decisions. I don't mean that in a bad way. I think I know every company wants to be fast, but you know, they're thinking about the future five, 10 years in advance.”
Mignano names Discord as a prime candidate for an IPO
“Discord, I feel like has been baking for a really long time. Large successful platform. That seems like a good candidate.”
Mignano: Spotify's next step is adding non-podcast video content
“You have to imagine the next step is you start to see other types of video content on the platform. And even if they can start chipping away a few market share percentage points here and there, YouTube's catalog, that's a big deal for Spotify.”
Mignano: Lightspeed is investing out of a $7B fund generation
“The current fund generation we're investing out of is in the ballpark of about seven billion.”
Mignano: Lightspeed led a $25M Series A investment in Macroscope
“You know, Macroscope, a series A that I led a few months ago, we led that series A with a twenty-five million dollar check.”
Mignano: Anchor was originally founded as a social audio platform
“The original vision for anchor actually was not to be a podcast platform. It was very, very idealistic. We want it to be a social media platform, audio, social media. Like think clubhouse, but a couple of years earlier.”
Mignano: Anchor found instant PMF by letting users publish to Apple and Spotify
“What we were hearing from all of our users is, hey, we just want to use these tools to publish podcasts to Apple and Spotify. And when we did that, it was just like instant PMF from that moment.”
Mignano: Lightspeed partners maintain the same investment cadence as years prior
“Even in this environment, even at this pace, you know, investment, investing partners are still making the same amount of investments on average per year as a partner as we would a few years ago.”
Mignano: Anchor raised under $15M and had 25 employees when acquired
“We ended up raising just under fifteen million total. We were about 25 people when we exited. We sold to Spotify in twenty-nineteen. They actually announced two acquisitions on the same day, Anchor and Gimlet.”
Michael Mignano
TBPN 6
SOURCERYLEDGER