BuzzFeed

“The hundred million seed round that was just raised is more than the current eighty-five million dollar market cap of BuzzFeed.”

“You know, you can look at all these IPOs, my favorite being Buzzfeed trading at 33 cents right now down from 10 dollars. It's like, you know, Buzzfeed's entire market cap is fifty million dollars, right?”

“Buzzfeed did that, and it didn't work, but okay, let's go back to that.”

“Particularly like a Buzzfeed, right? Like they played a game for it. 10 years, it was all about effectively ranking, feed ranking, and things like that. There's not a durable business model. Like you're always one click away from getting swiped when the algori…”

“Somehow Buzzfeed has doubled its value from thirty million to seventy million dollars in market cap.”

“Vivek Ramaswani has declared his position in it, and he's gonna do like a mini Elon Trump thing to BuzzFeed, where he like, you know, at the cost of nothing, because the company's worth nothing, ends up doing this.”

“The thing I was positing is I expect we'll end up with the same outcome, right? Which is you're going to see a huge run up, a lot of excitement, but unfortunately the beast audience is in highly competitive, straight up media, right? Like it's straight up, you…”

“It's thirty-three million dollars.”

“It's not gonna go bankrupt next year.”

“I've been asked, and I said no every time.”