Morning Brew co-founder Austin Rief answers an audience question about the newsletter's timeline from initial launch to generating its first ad revenue.
0:00 / 0:15exact quote · 15.1s
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“So it was first sent out March, 1420 15. And I think the first advertisement was summer to end of 20 17 is when we started to monetize. So two and a half years and around a 100,000 subscriber mark is when we started to monetize the newsletter.”
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More from Austin Rief
PredictionNot checkable as stated
Rief: Media consumption will shift from legacy institutions toward individual creators
“I think there is very much a push towards individuals and away from institutions. We're seeing that as a society as a whole, but also within the media world, and so I think that will also rise, and I think news and media in general will get more and more niche…”
Austin RiefMar 4, 2021▶ 24:41How I Built Resilience: Alex Lieberman and Austin Rief of Morning Brew
Insight
Rief: New media entrants must target narrow niches to differentiate successfully
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Disclosure
Rief: Morning Brew capped funding at $750K to prioritize early monetization
“So some other media companies decided to raise a lot of funding and push off monetization. We didn't understand that. We thought it makes sense to monetize day one, and so that's all we raised because we fueled it through our revenue and through our profits.”
Austin RiefMar 4, 2021▶ 13:00How I Built Resilience: Alex Lieberman and Austin Rief of Morning Brew
“Our click-through rates are 10 or even greater times higher than a banner ad”
Austin RiefMar 4, 2021▶ 19:16How I Built Resilience: Alex Lieberman and Austin Rief of Morning Brew
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