Morning Brew

“I think it was a big mistake. To go pick on the little guy. He had it right at the beginning when he was picking on the big guy. Oh, business insider. You're trying to ruin my reputation. You're trying to hurt my business and my advertising, my revenues and my…”

“Now, the reaction, I think, is totally inappropriate, and I think it totally makes him look butt hurt. I think it makes him look weak. I think it's a bad move. The reason why it's a bad move is because Dave has fans, and he could be like, well, you know, I'm o…”

“He makes tens of thousands of dollars a month, eventually sells it to morning brew.”

“Morning Brew is close to that.”

“I think he was 26 when he sold it at a seventy five million dollar valuation. The company now is doing high eight figures in revenue.”

“You went B to B because that's where the money and all this stuff is right. Selling in, you sell to consumer for 50 bucks, you sell the morning brew for 20 grand and our HR team just sides off and approves it.”

“So 21, you did forty-six million in revenue and ten million in profit. 22, Seventy million in revenue, ten million in profit. 23 was the same numbers”

“If I remember, by the end of that year, we were spending like, 500 K a month on ads, right?”

“The first is we had 28 individual investors. So we had 28 people who wrote checks from 2500 dollars to a 100,000 dollars.”

“In 2016, we did our first ad deal. It was a watch brand called Emla Hart, I believe. It was about a 3000 dollar deal for three, we used to call them exposures.”

“We ended at a 100,000 subs. We did 300,000 dollars of revenue. We finally started taking a salary. We were taking 60 K each, but that was the first real year.”

“And, you know, even in 2015, 20 17, we were like, yeah, PuzzFeed, it just doesn't make sense. It's not worth a billion dollars.”

“And that's my biggest regret is not hiring a, an implementer because I didn't want to be the bad guy. I didn't want to be the bully.”

“Seventy-five million, I think is the public number.”

“We did 25,000 that year.”

“And I can't remember the exact amount, but let's just call it like in a period of a few weeks. 30% of all revenue that we had booked vanished.”

“And we were spending this year, we probably spent six to seven million dollars on paid acquisition. So we spent what you did in revenue almost just pumping growth back in.”

“Austin Reif, who founded Morning Brew, he only sold part of the business and still kept running it, and they're in the 80 or ninety million revenue, I think, range now.”