Gimlet Media

“Every time a new medium comes about, New media companies get built. This is true across the last, you know, hundred years of history, and I thought someone will build a defining media company around on-demand digital audio”

“Nobody was offering me money until, I literally, nobody, I don't think anybody offered money until Matt and I teamed up. I think when I was doing it by myself, I didn't even get to that point.”

“So I had to do something that was going to attract attention to what we were doing, and I figured, like, okay, a guy recording himself trying to start a company. That'll be good. It was like a marketing ploy.”

“There were two, like, Basically, industry-level challenges that we were confronting along with every other podcast company, and one was audiences are still having a really hard time discovering new podcasts. Like, if you ask people how they find out new podcas…”

“I think it was, I think I said in the range of one to 10. I'm key to the success of the company, and I want to feel I want to feel that that is reflected in the cap table, I guess.”

“With planet money, I was like, no, there's, you can turn a profit on planet money. That's like advertisers want to be in that show. The audience is big enough. It can be profitable. And if it can, it should be. It doesn't make sense to force it into a structur…”

“Well, when we raised the first million and a half dollars of financing, our plan was that that would take us through to profitability, and then we would fund our growth through profits.”

“When we first started the company, when we were out pitching to raise money, we pitched the company to probably three of the biggest public radio stations. And none of them invested.”

“I think it's mostly luck but not in the obvious way. Like, I think I think for me it was the luck of, like, being born into the family I was born into at the time that I was. So I had the luck of being in a family where my parents sent me, like, paid for my co…”

“And then they bought Gimlet and they bought Gimlet for like two hundred million dollars. And we were like, wow, Gimlet makes like Ten million dollars a year. They just got two hundred million dollars. Like, what the hell? Like, we were way more profitable than…”