The Knot

part of The Knot Worldwide

31 statements across 2 episodes · 12 bullish · 3 bearish · 3 people on the record · first statement Mar 12, 2018 by David Liu · said 40 times in 5 episodes since 2018 · across every show →

Mentions by year

brought up most by Guy Raz (35), David Liu (3), Carley Roney (2)

tap a year for its mentions
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01220182019202020212022episodes it came up in
0013125220182019202020212022episodesmentions per episode
2022 2 mentions in 1 episode
2021 2 mentions in 2 episodes 1 per episode
2019 22 mentions in 1 episode
2018 14 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about The Knot, oldest first

Mar 12, 2018 neutral
Assertion Partly supported
Liu: The Knot faced legacy competitors with decades of market presence
“Brides Magazine had been around for 50 years, Modern Bride for 35 years, Martha Stewart was like a hot thing that had been around for 10 years”
David Liu Mar 12, 2018 ▶ 18:36 The Knot: Carley Roney & David Liu
Mar 12, 2018
Assertion Not checkable as stated
Liu: Roney and Liu dated, cohabited, and married within six months
“We had our first date in February. We moved in together in June. We were married in July.”
David Liu Mar 12, 2018 ▶ 4:24 The Knot: Carley Roney & David Liu
Mar 12, 2018
Assertion Partly supported
Liu: Early internet business models were strictly subscription without banner ads
“There's no IAB. There are no banners. It was, you know, all basically a subscription business.”
David Liu Mar 12, 2018 ▶ 21:52 The Knot: Carley Roney & David Liu
Mar 12, 2018 bullish
Opinion
Roney: The wedding industry was disaggregated and ripe for tech disruption
“Completely disaggregated, like, the industry is old fashioned. And then, of course, you have that moment, you're like, right, it's a disaster, and it would completely and fundamentally change if you introduced technology to it.”
Carley Roney Mar 12, 2018 ▶ 15:55 The Knot: Carley Roney & David Liu
Mar 12, 2018 positive
Assertion Supported
Liu: The Knot never conducted formal layoffs during dot-com crash
“We never had layoffs. We always, we were able to downsize through attrition. But we never formally had to lay people off, in part because we were always running relatively lean and there were people who panicked and basically sort of got out.”
David Liu Mar 12, 2018 ▶ 36:54 The Knot: Carley Roney & David Liu
Mar 12, 2018
Insight
Roney: Wedding platforms face 100% annual churn if they succeed
“If your audience churns a hundred percent every year, you never, if you do your job right and they find the right person, you will never have them as a customer again.”
Carley Roney Mar 12, 2018 ▶ 21:21 The Knot: Carley Roney & David Liu
Mar 12, 2018
Disclosure
Roney: The Knot screened for writers who avoided traditional bridal media
“My litmus test is if they would never, ever, ever write for a wedding magazine, then they could write for me.”
Carley Roney Mar 12, 2018 ▶ 24:16 The Knot: Carley Roney & David Liu
Mar 12, 2018
Assertion Supported
Roney: The Knot generated approximately $71,000 in first-year revenue
“Yeah, 70,000 dollars. Remember, like, 71,000 dollars.”
Carley Roney Mar 12, 2018 ▶ 28:21 The Knot: Carley Roney & David Liu
Mar 12, 2018
Assertion Not publicly verifiable
Liu: The Knot registered 150,000 couples in months, surpassing Bloomingdale's
“And we suddenly saw within, I think, three or four months, We had close to a 150,000 couples registered in our registry. To put that into context, that's more than what Bloomingdale's was registering back then.”
David Liu Mar 12, 2018 ▶ 32:24 The Knot: Carley Roney & David Liu
Mar 12, 2018 negative
Opinion
Liu: Raising VC for female-focused digital businesses in the 1990s was difficult
“I mean, it was hard to raise money for anything that was female-centric in the digital space.”
David Liu Mar 12, 2018 ▶ 31:36 The Knot: Carley Roney & David Liu
Mar 12, 2018 positive
Disclosure
Liu: The Knot targeted underserved demographics traditional bridal media ignored
“We suddenly realized, based on, you know, also Carly's, you know, belief in the differentiation of our brand, that we would become weddings for the real world. And we defined that as interracial couples, interdenominational couples, same-sex couples. Hipster c…”
David Liu Mar 12, 2018 ▶ 18:46 The Knot: Carley Roney & David Liu
Mar 12, 2018 bullish
Assertion Supported
Liu: The Knot reached $1B market cap after acquiring WeddingChannel
“I mean, in 2006 and seven, we wound up we bought Wedding Channel. There was unbelievable sort of frothy expectations on what that acquisition was going to net us, and the stock hits 32 dollars. We have a billion dollar market cap, and, you know, then precipita…”
David Liu Mar 12, 2018 ▶ 42:38 The Knot: Carley Roney & David Liu
Mar 12, 2018 positive
Assertion Supported
Liu: The Knot grew 5% during 2008 recession while media dropped 20%
“Our stock actually held up relatively well. I think, you know, most media companies were down 20%. We grew five percent. You know, we actually grew that year because a lot of the marketers realized that the only people who were going to continue to spend money…”
David Liu Mar 12, 2018 ▶ 43:11 The Knot: Carley Roney & David Liu
Mar 12, 2018
Assertion Partly supported
Liu: AOL invested $1.6M seed funding into The Knot
“We got our seed financing by 1.6 million. I think it was their largest investment at that time, too, in any content partners.”
David Liu Mar 12, 2018 ▶ 22:59 The Knot: Carley Roney & David Liu
Oct 7, 2019 neutral
Assertion Partly supported
Liu: The Knot earned around $70,000 in first-year revenue
“I think our first year total revenues were maybe 70,000.”
David Liu Oct 7, 2019 ▶ 28:50 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019
Assertion Not checkable as stated
Competitors faxed The Knot's plummeting stock charts to their advertisers
“We had our competitors faxing our stock charts to our advertisers saying, look what's happening. They're going out of business. Do you really want to give them that money?”
David Liu Oct 7, 2019 ▶ 37:05 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019 negative
Assertion Supported
Liu: The Knot's stock fell from $20 to 26 cents post-crash
“It just over the course of a year and a half went from 20 dollars and settled down to 26 cents.”
David Liu Oct 7, 2019 ▶ 36:21 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019
Assertion Partly supported
Liu: AOL invested $1.6M seed funding in The Knot
“We got our seed financing by 1.6 million. I think it was their largest investment at that time, too, in any content partners.”
David Liu Oct 7, 2019 ▶ 23:33 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019 positive
Assertion Supported
Liu: The Knot grew 5% in 2008 while media dropped 20%
“I think, you know, most media companies were down 20%. We grew five percent. You know, we actually grew that year because a lot of the marketers realized that the only people who were going to continue to spend money during this great recession are brides and …”
David Liu Oct 7, 2019 ▶ 43:47 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019 positive
Assertion Not checkable as stated
Liu: A $350,000 three-book advance funded The Knot for 18 months
“We lived off of that advance for probably a year and a half.”
David Liu Oct 7, 2019 ▶ 29:31 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019 bullish
Assertion Not publicly verifiable
The Knot topped Bloomingdale's wedding registry within months of launching online
“Within, I think, three or four months... We had close to a 150,000 couples registered in our registry. To put that into context, that's more than what Bloomingdale's was registering back then.”
David Liu Oct 7, 2019 ▶ 32:58 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019 negative
Disclosure
A disastrous wedding made Carley Roney vow never to touch weddings again
“And we walked away from that evening being like, oh my god, I never want to do anything related to weddings ever again.”
Carley Roney Oct 7, 2019 ▶ 10:18 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019
Assertion Supported
Liu: The Knot regained its NASDAQ listing in 2005
“And I remember the day we got relisted in 2005”
David Liu Oct 7, 2019 ▶ 41:07 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019 positive
Assertion Partly supported
Liu: The Knot hit $32 stock and $1B cap after WeddingChannel deal
“I mean, in 2006 and seven, we wound up we bought Wedding Channel. There was unbelievable sort of frothy expectations on what that acquisition was going to net us, and the stock hits 32 dollars. We have a billion dollar market cap”
David Liu Oct 7, 2019 ▶ 43:11 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019 neutral
Disclosure
The Knot co-founder Carley Roney didn't believe in marriage before meeting David
“Well, was, the irony, that one of the starting ironies of the story is that, you know, I have divorced parents. I never thought I was getting married. I didn't believe in marriage.”
Carley Roney Oct 7, 2019 ▶ 5:14 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019 positive
Disclosure
The Knot targeted demographics completely ignored by incumbent bridal media
“We suddenly realized, based on, you know, also Carly's, you know, belief in the differentiation of our brand, that we would become weddings for the real world, and we defined that as interracial couples. Interdenominational couples. Same sex couples. Hipster c…”
David Liu Oct 7, 2019 ▶ 19:08 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019 positive
Insight
Roney: The Knot brands resonated by celebrating imperfection instead of perfection
“Our whole set of brands kind of celebrated the imperfect. I think what appealed to people is that we were like, there is no perfect.”
Carley Roney Oct 7, 2019 ▶ 47:01 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019 positive
Assertion Supported
Guy Raz: The Knot is the center of a media group valued over $500M
“The Knot is the center of a media group now valued at more than half a Billion dollars.”
Guy Raz Oct 7, 2019 ▶ 2:21 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019
Insight
The Knot strictly hired writers who refused to work for traditional wedding magazines
“My litmus test is if they would never, ever, ever write for a wedding magazine, then they could write for me.”
Carley Roney Oct 7, 2019 ▶ 24:50 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019 neutral
Insight
Wedding businesses face brutal 100% structural annual customer churn
“If your audience churns a hundred percent every year, you never, if you do your job right and they find the right person, you will never have them as a customer again.”
Carley Roney Oct 7, 2019 ▶ 21:53 The Knot: Carley Roney & David Liu (2018)
Oct 7, 2019
Disclosure
The Knot founders posed as users to spark early AOL chat engagement
“We had aliases. Like, mine was Anya, and I would sit in this chat room waiting for people to show up, and most people tend to just lurk. They wanted to hear and want, read other people's conversations, and you had to try to figure out a way to get people engag…”
David Liu Oct 7, 2019 ▶ 25:45 The Knot: Carley Roney & David Liu (2018)
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