Morning Brew CEO Austin Rief and host Greg Isenberg discuss whether building an email business remains viable.
Prediction Not checkable as stated
Rief: Feastables might become a billion-dollar brand within a year
“So that right there in a year might be a billion dollar brand alone.”
Prediction Not checkable as stated
Rief: Morning Brew has 4.5M daily subscribers and no newsletter will match it
“We have four and a half million subscribers to our daily, and I don't think anyone will get there.”
Insight
Rief: Media companies easily hit $30M revenue but rarely reach $100M
“Yeah, so, I mean, so many media companies, it's easy to get to 10, 20, 30, relatively, to get to 10, 20, thirty million, to get to a hundred million of revenue is incredibly hard.”
Insight
Rief: Media companies must target B2B or high-income earners
“It's very hard to build a media company if you're not building B to B or you're not building for high income earners.”
Prediction Not checkable as stated
Rief: Email usage will remain the same in 20 years
“I think the same, right? I mean, I probably heard seven years ago at this point, maybe five years ago, Slack was going to take over email. I think if anything, Slack is just incremental. And if anything, it actually clears your inbox for email, right? Because …”
Assertion Not checkable as stated
Austin Rief: MrBeast plans to launch software businesses alongside consumer brands
“I met him a few months ago. And he has plans to build software businesses and other things.”