Erik Torenberg explains to Greg Isenberg why he chose a podcast-first strategy when launching Turpentine.
Insight
Torenberg: Business Media Companies Should Price Discriminate and Charge Premium Rates
“People in the media, businesses and media creators often don't price discriminate. And especially if you're in business media, if you can attract information, that's extremely valuable to a very small subset of people, you should be charging a ton.”
Disclosure
Torenberg: Turpentine splits revenue 50/50 with top creators like Packy McCormick
“So basically in our network, we have Paki McCormick, we have Noah Smith and Brian Hobart of a few other kind of pretty big newsletter writers for their specific niches who have a few 100,000 subscribers. And we say, Hey, you don't have a podcast today. Let's c…”
Disclosure
Torenberg: Turpentine Will Monetize Proprietary Data Gathered via Industry Lists
“So we are going to create media that helps people do better at their job and identify you know, which companies are doing well, et cetera. We're gonna get in the list game, right? Top companies, top people per sector, get, use these, this media to get all this…”
What-if
Torenberg: David Perell should have taken equity instead of selling courses
“He could have, instead of teaching people how to write, he could have gone to people who either, you know, are big on other platforms or just have really valuable service businesses like you know, financial wealth managers or accountants or lawyers or whatever…”
Assertion Not checkable as stated
Torenberg: Rappers prefer traditional label deals for upfront advance cash
“Most artists or at least rappers actually prefer the deals that the record labels gave them because they got more money up front. And they were able to do anything they wanted with that money.”
Disclosure
Torenberg: a16z Offered Series A Weeks After Product Hunt Seed Round
“I remember at Product Hunt, we raised a seed round. We had like two million dollars or something, maybe 1.5 or two million dollars in the seed round. And then a few weeks later, we got a term, a series A term sheet from Andreessen Horowitz. And we didn't even …”