The Ledger
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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 …”
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…”
Liu: The Knot earned around $70,000 in first-year revenue
“I think our first year total revenues were maybe 70,000.”
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.”
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.”
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”
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.”
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.”
Roney: The Knot generated approximately $71,000 in first-year revenue
“Yeah, 70,000 dollars. Remember, like, 71,000 dollars.”
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…”
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.”