Craig Hewitt, founder of Castos, is discussing M&A potential versus bootstrapping indefinitely with host Nathan Latka.
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“You know, there's just a ton of kind of velocity in the podcasting space these days, and so we expect something to happen with our business in the next Five years, say.”
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More from Craig Hewitt
Insight
Hewitt: A $20M exit provides life freedom that $500k cash flow cannot
“I think that, you know, if you look at really kind of changing your life and putting you on a different trajectory, you know, selling a business for twenty million and taking home, you know, whatever, 10 changes your life versus a business that, that cash flow…”
“And for us, you know, it's kind of a funny business because the storage, you know, doesn't really cost anything. It's the bandwidth for us to send files out. So I think the pricing just in the industry is broken or a little funny.”
Craig HewittMar 27, 2020▶ 6:201707 How He Cheated Growth With $5k Acquisition on Day 1
Disclosure
Hewitt: Most Castos users stay on $19 plan because podcasts rarely monetize
“Most, most folks are on the beginner plan because a lot of folks, you know, podcast is for a lot of people is not a revenue generating thing. So they have a hard time paying too much for it.”
Google Will Soon Index Audio, Massively Boosting Podcast SEO
“No, but I think if you're a betting man, betting person, you would say Google will start indexing audio very soon, and that's what we think. So the SEO impact of podcasting will get massive, you know, for folks that have hundreds of shows.”
Craig HewittMar 27, 2020▶ 10:421707 How He Cheated Growth With $5k Acquisition on Day 1
Disclosure
Hewitt: Castos generates 70% of revenue from SaaS and 30% from services
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