Red Ventures

“So they bought a hundred and fifty million dollar stake, all kind of secondary.”

“And they literally became, like, 20% of DirecTV's volume, and built a, like, hundred million dollar profit business, just on selling DirecTV on the internet.”

“They raised money from Silver Lake, but again, just in terms of secondary, like they've never, as far as I know, they've never raised equity capital onto their balance sheet.”

“What Red Ventures did with websites someone can do with newsletters is just something really neat.”

“When we ran the Red Ventures process, we didn't use a banker. And I actually think it was a mistake.”

“And totally bootstrapped too, by the way.”

“We ended up selling a minority stake to this really cool company called red venture. Add punctuation. And we actually gave them an option to buy the rest of the business for, you guessed it, nine figures.”

“Red Ventures is like the biggest company you've never heard of. I think last I saw, you know, rough valuation on the business is like twelve billion dollars. It's a massive company.”

“When you're doing really big deals, you don't want to pretend like a person is into it when they're not into it. You really want to make sure they want it. And so they had a little rule where they were like, wait three days for your follow-up.”

“In Ampush, we were focused on revenue growth for the first five years, and man, everyone knew our revenue every day. I knew it. It was in channels. It was talked about, and then when Red Ventures invested, they were like, guys, screw revenue. We don't care abo…”