Media is a shit business. Niche media isn't. Niche media is hugely successful, but it's not fast scale and that makes our "celebrate fundraising" culture sad.https://twitter.com/theSamParr/status/1220787989342670848 …
I actually think it can grow as fast as other businesses. Maybe not DTC fast, but SaaS fast. And over the business's life, can make as much profit.
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I agree about the profit for sure. I just think the time from getting started to really starting to hit a groove is a bit longer than with DTC and SaaS. Once you hit that groove, niche media can use its earnings to fund expansion. Like you guys are doing.
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totally. But look at some of the biggest SaaS companies. Can take 10-15 years to hit $100m in revenue! But the multiples for them are huge.
End of conversation
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