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Originally Posted by Table 5
Enough money to get bought out by the NYT for half a billion atleast!
Not that media companies don't make terrible decisions, but there's gotta be some money to be made there. Or the founders had their own Myspace moment and cashed out at the right time...
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The subscriber number is what had value. They were able to stay afloat thanks to investors regularly pumping money in, but they were a money loser.
The ability to bring 1.2 million people into your ecosystem, one where you have the experience and resources to streamline the product, is worth quite a bit. The NYT also bought Wordle for millions of dollars, an app that wasn’t making any money at the time.
How is a Calgary sports podcast going to attract a million subscribers?