welcome to hit mojo show 24 I’m your host Ashley uncover solutions CT more
host Ashley uncover solutions CT more
host Ashley uncover solutions CT more again is not here so replacing him is
again is not here so replacing him is
again is not here so replacing him is none other than Rebecca trading from
none other than Rebecca trading from
none other than Rebecca trading from watchmojo so Rebecca yes busy week as
watchmojo so Rebecca yes busy week as
watchmojo so Rebecca yes busy week as always as always running around filming
always as always running around filming
always as always running around filming everything under the Sun okay before we
everything under the Sun okay before we
everything under the Sun okay before we get on with the show i’m very curious
get on with the show i’m very curious
get on with the show i’m very curious you didn’t read a lot of people what’s
you didn’t read a lot of people what’s
you didn’t read a lot of people what’s your favorite all-time interview done at
your favorite all-time interview done at
your favorite all-time interview done at watch munjal well we did uh I mean I
watch munjal well we did uh I mean I
watch munjal well we did uh I mean I encounter a lot of different types of
encounter a lot of different types of
encounter a lot of different types of people I’m always surprised at you know
people I’m always surprised at you know
people I’m always surprised at you know the office alone i configure uh you know
the office alone i configure uh you know
the office alone i configure uh you know just I’m always surprised at how kind of
just I’m always surprised at how kind of
just I’m always surprised at how kind of just genuine and nice some of the the
just genuine and nice some of the the
just genuine and nice some of the the music acts that we injure you are but
music acts that we injure you are but
music acts that we injure you are but one of the nicest people I’ve ever
one of the nicest people I’ve ever
one of the nicest people I’ve ever interviewed is actually a sports anchor
interviewed is actually a sports anchor
interviewed is actually a sports anchor on TSN miss Odysseus it is sounds James
on TSN miss Odysseus it is sounds James
on TSN miss Odysseus it is sounds James Duffy he wrote a book called the day
Duffy he wrote a book called the day
Duffy he wrote a book called the day almost killed two Gretzky’s I believe it
almost killed two Gretzky’s I believe it
almost killed two Gretzky’s I believe it was called and he’s just a really
was called and he’s just a really
was called and he’s just a really genuine guy really nice guy and it was
genuine guy really nice guy and it was
genuine guy really nice guy and it was great interview did he also try to pick
great interview did he also try to pick
great interview did he also try to pick you up like everyone else that you
you up like everyone else that you
you up like everyone else that you interviewed now okay good maybe that’s
interviewed now okay good maybe that’s
interviewed now okay good maybe that’s why you married with kids alright sorry
why you married with kids alright sorry
why you married with kids alright sorry about that James ok so it’s funny I when
about that James ok so it’s funny I when
about that James ok so it’s funny I when I was with my old life at ask man I did
I was with my old life at ask man I did
I was with my old life at ask man I did a lot of interviews now I think your
a lot of interviews now I think your
a lot of interviews now I think your interviews are more glamorous because
interviews are more glamorous because
interviews are more glamorous because they’re live and in person that’s very
they’re live and in person that’s very
they’re live and in person that’s very different and they’re recorded I used to
different and they’re recorded I used to
different and they’re recorded I used to do most of my interviews over the phone
do most of my interviews over the phone
do most of my interviews over the phone one time I remember interviewing Carl
one time I remember interviewing Carl
one time I remember interviewing Carl Cox the DJ in his hotel room which was
Cox the DJ in his hotel room which was
Cox the DJ in his hotel room which was rather eerie um sketchy indeed my
rather eerie um sketchy indeed my
rather eerie um sketchy indeed my favorite interview i interviewed gene
favorite interview i interviewed gene
favorite interview i interviewed gene simmons of kiss twice the first time was
simmons of kiss twice the first time was
simmons of kiss twice the first time was in 2003 right as iraq had started but it
in 2003 right as iraq had started but it
in 2003 right as iraq had started but it was already going pretty bad and i just
was already going pretty bad and i just
was already going pretty bad and i just asked him naively you know most rock
asked him naively you know most rock
asked him naively you know most rock stars were anti-war so you know at the
stars were anti-war so you know at the
stars were anti-war so you know at the end of a 30-minute interview I was like
end of a 30-minute interview I was like
end of a 30-minute interview I was like so what do you think of the Iraq war
so what do you think of the Iraq war
so what do you think of the Iraq war he’s like it’s amazing i love it i was
he’s like it’s amazing i love it i was
he’s like it’s amazing i love it i was like what I’m like what about the
like what I’m like what about the
like what I’m like what about the carnage and destruction and so after the
carnage and destruction and so after the
carnage and destruction and so after the 30-minute interview we went on for
30-minute interview we went on for
30-minute interview we went on for another 30 minutes and i was actually
another 30 minutes and i was actually
another 30 minutes and i was actually recording that over the phone but in a
recording that over the phone but in a
recording that over the phone but in a radio station where I was also anyway so
radio station where I was also anyway so
radio station where I was also anyway so it was interesting and then what’s funny
it was interesting and then what’s funny
it was interesting and then what’s funny is when i re-interviewed gene simmons in
is when i re-interviewed gene simmons in
is when i re-interviewed gene simmons in 2005 and by now iraq was a disaster I
2005 and by now iraq was a disaster I
2005 and by now iraq was a disaster I was like you do recall we’ve spoken
was like you do recall we’ve spoken
was like you do recall we’ve spoken before he’s like yes I was like so what
before he’s like yes I was like so what
before he’s like yes I was like so what do you think of Iraq now and he didn’t
do you think of Iraq now and he didn’t
do you think of Iraq now and he didn’t answer he just went straight to so the
answer he just went straight to so the
answer he just went straight to so the new album is so and so anyway so but I
new album is so and so anyway so but I
new album is so and so anyway so but I knew it was time for me to leave the
knew it was time for me to leave the
knew it was time for me to leave the interviewing game
interviewing game
interviewing game when I interviewed ja Rule a third time
when I interviewed ja Rule a third time
when I interviewed ja Rule a third time that’s when I was like enough’s enough
that’s when I was like enough’s enough
that’s when I was like enough’s enough I’ve done this okay so let’s get to the
I’ve done this okay so let’s get to the
I’ve done this okay so let’s get to the show okay so you were a follow-up
show okay so you were a follow-up
show okay so you were a follow-up article on entrepreneurship and
article on entrepreneurship and
article on entrepreneurship and fundraising called things entrepreneurs
fundraising called things entrepreneurs
fundraising called things entrepreneurs should avoid when fundraising would you
should avoid when fundraising would you
should avoid when fundraising would you mind me yes yes I mean what I started
mind me yes yes I mean what I started
mind me yes yes I mean what I started that whole TechCrunch series I was
that whole TechCrunch series I was
that whole TechCrunch series I was mainly writing about the video industry
mainly writing about the video industry
mainly writing about the video industry and I remember telling telling Eric
and I remember telling telling Eric
and I remember telling telling Eric Schoenfeld the great editor in chief at
Schoenfeld the great editor in chief at
Schoenfeld the great editor in chief at TechCrunch that you know I used to write
TechCrunch that you know I used to write
TechCrunch that you know I used to write these young pro articles I’d like to do
these young pro articles I’d like to do
these young pro articles I’d like to do this kind of stuff and he was like no no
this kind of stuff and he was like no no
this kind of stuff and he was like no no let’s do the video stuff you have all
let’s do the video stuff you have all
let’s do the video stuff you have all these stats they do well but now because
these stats they do well but now because
these stats they do well but now because I’ve covered every nook and cranny of
I’ve covered every nook and cranny of
I’ve covered every nook and cranny of online video lo and behold the articles
online video lo and behold the articles
online video lo and behold the articles are evolving into that young pro advice
are evolving into that young pro advice
are evolving into that young pro advice so what what are the main things i think
so what what are the main things i think
so what what are the main things i think you know most of the mistakes that
you know most of the mistakes that
you know most of the mistakes that entrepreneurs make I think boil down to
entrepreneurs make I think boil down to
entrepreneurs make I think boil down to not so much VCS being these vultures I
not so much VCS being these vultures I
not so much VCS being these vultures I think a lot of it is actually
think a lot of it is actually
think a lot of it is actually inexperience and basically thinking that
inexperience and basically thinking that
inexperience and basically thinking that so long as I maximize the valuation that
so long as I maximize the valuation that
so long as I maximize the valuation that these investors put on my company then
these investors put on my company then
these investors put on my company then it’s smooth sailing and actually think
it’s smooth sailing and actually think
it’s smooth sailing and actually think that’s the mistake I think a lot of this
that’s the mistake I think a lot of this
that’s the mistake I think a lot of this the things that are obvious like you
the things that are obvious like you
the things that are obvious like you know investors like preferred shares
know investors like preferred shares
know investors like preferred shares versus common shares which is basically
versus common shares which is basically
versus common shares which is basically just they get their money before you do
just they get their money before you do
just they get their money before you do or the fact that vc’s like to get their
or the fact that vc’s like to get their
or the fact that vc’s like to get their legal fees reimbursed with the money you
legal fees reimbursed with the money you
legal fees reimbursed with the money you raised which is a bit odd you’re like
raised which is a bit odd you’re like
raised which is a bit odd you’re like wait a second this is money I’m raising
wait a second this is money I’m raising
wait a second this is money I’m raising to grow my company why are you taking
to grow my company why are you taking
to grow my company why are you taking your legal fees from the and you know
your legal fees from the and you know
your legal fees from the and you know these are things that entrepreneurs just
these are things that entrepreneurs just
these are things that entrepreneurs just have to accept as I say it it’s part of
have to accept as I say it it’s part of
have to accept as I say it it’s part of the system and lastly it’s just a
the system and lastly it’s just a
the system and lastly it’s just a reality you have one baby your company a
reality you have one baby your company a
reality you have one baby your company a VC has like 20 companies he’s invested
VC has like 20 companies he’s invested
VC has like 20 companies he’s invested in he just won’t care so much so so
in he just won’t care so much so so
in he just won’t care so much so so that’s like the main thing goes
that’s like the main thing goes
that’s like the main thing goes involving the system things that i think
involving the system things that i think
involving the system things that i think is an entrepreneur you shouldn’t try to
is an entrepreneur you shouldn’t try to
is an entrepreneur you shouldn’t try to fight it’s not worth it right so bullet
fight it’s not worth it right so bullet
fight it’s not worth it right so bullet point number two it’s them yeah ok so
point number two it’s them yeah ok so
point number two it’s them yeah ok so then there’s these other things where i
then there’s these other things where i
then there’s these other things where i do think that you as the entrepreneur
do think that you as the entrepreneur
do think that you as the entrepreneur should maybe fight and they’re very
should maybe fight and they’re very
should maybe fight and they’re very subtle points for example the board you
subtle points for example the board you
subtle points for example the board you know i personally have maybe 10 to 20
know i personally have maybe 10 to 20
know i personally have maybe 10 to 20 great advisors my board is pretty light
great advisors my board is pretty light
great advisors my board is pretty light to put it mildly that’s fine i do look
to put it mildly that’s fine i do look
to put it mildly that’s fine i do look forward to building a board one day but
forward to building a board one day but
forward to building a board one day but you have to be careful you can’t invite
you have to be careful you can’t invite
you have to be careful you can’t invite every person in the world to sit on your
every person in the world to sit on your
every person in the world to sit on your board because ultimately the board
board because ultimately the board
board because ultimately the board decides who the CEO is and the board
decides who the CEO is and the board
decides who the CEO is and the board decides if they approve a budget or not
decides if they approve a budget or not
decides if they approve a budget or not so for example like if I were to
so for example like if I were to
so for example like if I were to construct a board and I bring on an
construct a board and I bring on an
construct a board and I bring on an investor okay let’s say they get twenty
investor okay let’s say they get twenty
investor okay let’s say they get twenty percent of the company well they should
percent of the company well they should
percent of the company well they should have one board seat out of 5 for example
have one board seat out of 5 for example
have one board seat out of 5 for example and mainly you should make sure that
and mainly you should make sure that
and mainly you should make sure that there’s a couple guys that you trust who
there’s a couple guys that you trust who
there’s a couple guys that you trust who may push you you don’t want lackeys this
may push you you don’t want lackeys this
may push you you don’t want lackeys this isn’t like Rupert Murdoch but you don’t
isn’t like Rupert Murdoch but you don’t
isn’t like Rupert Murdoch but you don’t want them to then turn around and screw
want them to then turn around and screw
want them to then turn around and screw you just because it’s convenient for
you just because it’s convenient for
you just because it’s convenient for them and so basically when an investor
them and so basically when an investor
them and so basically when an investor comes on you basically each a point your
comes on you basically each a point your
comes on you basically each a point your guys and then there’s Anna pendant guys
guys and then there’s Anna pendant guys
guys and then there’s Anna pendant guys but you should always make sure that you
but you should always make sure that you
but you should always make sure that you protect yourself because you know there
protect yourself because you know there
protect yourself because you know there are tits it’s called boardroom
are tits it’s called boardroom
are tits it’s called boardroom shenanigans for a reason so that’s
shenanigans for a reason so that’s
shenanigans for a reason so that’s that’s one of them the other one is the
that’s one of them the other one is the
that’s one of them the other one is the chairmanship I mean for example like I’m
chairmanship I mean for example like I’m
chairmanship I mean for example like I’m a business person so I may want to be
a business person so I may want to be
a business person so I may want to be chairman because I think I know what to
chairman because I think I know what to
chairman because I think I know what to do and how to steer the ship but I don’t
do and how to steer the ship but I don’t
do and how to steer the ship but I don’t have really the experience to be
have really the experience to be
have really the experience to be chairman and I recognize that I think if
chairman and I recognize that I think if
chairman and I recognize that I think if your technical founder you probably
your technical founder you probably
your technical founder you probably don’t have the interest or the
don’t have the interest or the
don’t have the interest or the experience and even like a business
experience and even like a business
experience and even like a business person at some point you’re big enough
person at some point you’re big enough
person at some point you’re big enough that you might want to bring on an
that you might want to bring on an
that you might want to bring on an industry heavyweight like we’re a media
industry heavyweight like we’re a media
industry heavyweight like we’re a media company if we could land like a great
company if we could land like a great
company if we could land like a great media you know executive who’s built
media you know executive who’s built
media you know executive who’s built five companies and sold them obviously
five companies and sold them obviously
five companies and sold them obviously then it makes sense to give up and then
then it makes sense to give up and then
then it makes sense to give up and then the last two things in terms of like the
the last two things in terms of like the
the last two things in terms of like the things you should try to fight to get
things you should try to fight to get
things you should try to fight to get fair don’t be unreasonable one is
fair don’t be unreasonable one is
fair don’t be unreasonable one is liquidation preference what is the
liquidation preference what is the
liquidation preference what is the liquidation preference it just means how
liquidation preference it just means how
liquidation preference it just means how the pious split up you want to make sure
the pious split up you want to make sure
the pious split up you want to make sure that yes investors get their money out
that yes investors get their money out
that yes investors get their money out before the common shareholders get their
before the common shareholders get their
before the common shareholders get their money out but if investors get like a 3x
money out but if investors get like a 3x
money out but if investors get like a 3x or 2x or 5x and these are things that I
or 2x or 5x and these are things that I
or 2x or 5x and these are things that I explain a bit more in the article I
explain a bit more in the article I
explain a bit more in the article I think you’re going to be screwed and
think you’re going to be screwed and
think you’re going to be screwed and then lastly there’s this concept of
then lastly there’s this concept of
then lastly there’s this concept of vesting best thing is the notion
vesting best thing is the notion
vesting best thing is the notion basically that you know if I have an
basically that you know if I have an
basically that you know if I have an idea on a piece of paper and I raise
idea on a piece of paper and I raise
idea on a piece of paper and I raise money for it the VCS are going to say
money for it the VCS are going to say
money for it the VCS are going to say well you got to stick around for 34
well you got to stick around for 34
well you got to stick around for 34 years before you earn all of these
years before you earn all of these
years before you earn all of these shares that’s fine but like let’s say if
shares that’s fine but like let’s say if
shares that’s fine but like let’s say if i compare that to watch module which
i compare that to watch module which
i compare that to watch module which I’ve been running for six years if
I’ve been running for six years if
I’ve been running for six years if investors come and say well you’re going
investors come and say well you’re going
investors come and say well you’re going to have to basically wait another three
to have to basically wait another three
to have to basically wait another three years before you vest I’d be like hold
years before you vest I’d be like hold
years before you vest I’d be like hold on maybe a year I consider to if it made
on maybe a year I consider to if it made
on maybe a year I consider to if it made sense but why would I wait three four
sense but why would I wait three four
sense but why would I wait three four years I’ve already put in six years so
years I’ve already put in six years so
years I’ve already put in six years so these are the things that a lot of
these are the things that a lot of
these are the things that a lot of entrepreneurs don’t realize they just
entrepreneurs don’t realize they just
entrepreneurs don’t realize they just say oh my god this VC gave me a term
say oh my god this VC gave me a term
say oh my god this VC gave me a term sheet we’re worth you know we’re rich
sheet we’re worth you know we’re rich
sheet we’re worth you know we’re rich bitch we’re rich bitch you’re not and
bitch we’re rich bitch you’re not and
bitch we’re rich bitch you’re not and you’re going to be poor and you going to
you’re going to be poor and you going to
you’re going to be poor and you going to be out of a job well that’s the second
be out of a job well that’s the second
be out of a job well that’s the second one where I think it’s things that the
one where I think it’s things that the
one where I think it’s things that the VCS do try to push for and you have to
VCS do try to push for and you have to
VCS do try to push for and you have to be careful right so it’s not them it’s
be careful right so it’s not them it’s
be careful right so it’s not them it’s you yeah and then there’s word I think
you yeah and then there’s word I think
you yeah and then there’s word I think the reason why the article did very well
the reason why the article did very well
the reason why the article did very well is because I was very candid to say you
is because I was very candid to say you
is because I was very candid to say you know entrepreneurs we make a thousand
know entrepreneurs we make a thousand
know entrepreneurs we make a thousand mistakes like
mistakes like
mistakes like much time do you have you know i can
much time do you have you know i can
much time do you have you know i can tell you one hundred mistakes i’ve done
tell you one hundred mistakes i’ve done
tell you one hundred mistakes i’ve done today so to speak I think the areas
today so to speak I think the areas
today so to speak I think the areas where entrepreneurs do mess up is
where entrepreneurs do mess up is
where entrepreneurs do mess up is sometimes when you do get interest you
sometimes when you do get interest you
sometimes when you do get interest you go on your raise way too much money so
go on your raise way too much money so
go on your raise way too much money so if you raise too much money the
if you raise too much money the
if you raise too much money the expectations are too hot you think
expectations are too hot you think
expectations are too hot you think you’re king of the mountain but you
you’re king of the mountain but you
you’re king of the mountain but you really have unreasonable expectations to
really have unreasonable expectations to
really have unreasonable expectations to overcome to you have to raise money when
overcome to you have to raise money when
overcome to you have to raise money when you can not when you want to so I don’t
you can not when you want to so I don’t
you can not when you want to so I don’t think you should wait till you’re you
think you should wait till you’re you
think you should wait till you’re you know drowning in you know costs and
know drowning in you know costs and
know drowning in you know costs and short runway before you go out there and
short runway before you go out there and
short runway before you go out there and try to raise money and then the last two
try to raise money and then the last two
try to raise money and then the last two things are basically fear and greed I
things are basically fear and greed I
things are basically fear and greed I think like personally I’m always Pat and
think like personally I’m always Pat and
think like personally I’m always Pat and that’s why I don’t want to be a
that’s why I don’t want to be a
that’s why I don’t want to be a hypocrite when I tell entrepreneurs this
hypocrite when I tell entrepreneurs this
hypocrite when I tell entrepreneurs this but I think we always fear about the the
but I think we always fear about the the
but I think we always fear about the the vulture capital the guy was going to
vulture capital the guy was going to
vulture capital the guy was going to come and screw you out of your business
come and screw you out of your business
come and screw you out of your business you know at the end of the day all
you know at the end of the day all
you know at the end of the day all partnerships can go sour I had a great
partnerships can go sour I had a great
partnerships can go sour I had a great partnership with my old partners but
partnership with my old partners but
partnership with my old partners but they sued me in the end and I want but
they sued me in the end and I want but
they sued me in the end and I want but I’m just saying like that goes sour your
I’m just saying like that goes sour your
I’m just saying like that goes sour your marriages can can end up in divorce so
marriages can can end up in divorce so
marriages can can end up in divorce so you do have to go in somewhat with
you do have to go in somewhat with
you do have to go in somewhat with positive you know in you know positive
positive you know in you know positive
positive you know in you know positive thoughts because sure things can go or
thoughts because sure things can go or
thoughts because sure things can go or you know off the rails but that’s not
you know off the rails but that’s not
you know off the rails but that’s not the way you should start a relationship
the way you should start a relationship
the way you should start a relationship and then the last one I think is you
and then the last one I think is you
and then the last one I think is you can’t be greedy either I think you have
can’t be greedy either I think you have
can’t be greedy either I think you have to make sure that investors get a chance
to make sure that investors get a chance
to make sure that investors get a chance to get a positive return on their
to get a positive return on their
to get a positive return on their investment and if ultimately they have
investment and if ultimately they have
investment and if ultimately they have all this money it’s like they have the
all this money it’s like they have the
all this money it’s like they have the ball they can choose where they’re going
ball they can choose where they’re going
ball they can choose where they’re going to go and play so they have all this
to go and play so they have all this
to go and play so they have all this money if you want them to come in back
money if you want them to come in back
money if you want them to come in back you you do have to give them both the
you you do have to give them both the
you you do have to give them both the roadmap to how they’re going to make a
roadmap to how they’re going to make a
roadmap to how they’re going to make a lot of money but also mathematically you
lot of money but also mathematically you
lot of money but also mathematically you know if I’m coming in at this level and
know if I’m coming in at this level and
know if I’m coming in at this level and I want to make sure i get a 5x or 10x
I want to make sure i get a 5x or 10x
I want to make sure i get a 5x or 10x return if you can’t convince yourself
return if you can’t convince yourself
return if you can’t convince yourself that your company is going to do that
that your company is going to do that
that your company is going to do that why would they buy into that so that was
why would they buy into that so that was
why would they buy into that so that was the article I’m going to you know that
the article I’m going to you know that
the article I’m going to you know that this trend is doing well so we’re going
this trend is doing well so we’re going
this trend is doing well so we’re going to shift gears and probably do a
to shift gears and probably do a
to shift gears and probably do a follow-up this upcoming link again to
follow-up this upcoming link again to
follow-up this upcoming link again to continue this series on TechCrunch well
continue this series on TechCrunch well
continue this series on TechCrunch well let’s shift gears now to talk about a
let’s shift gears now to talk about a
let’s shift gears now to talk about a major companies one in particular is
major companies one in particular is
major companies one in particular is hulu pivoting yes I mean we’ve heard
hulu pivoting yes I mean we’ve heard
hulu pivoting yes I mean we’ve heard this term pivot which is companies
this term pivot which is companies
this term pivot which is companies changing models the most well-known one
changing models the most well-known one
changing models the most well-known one is groupon which one from like a let’s
is groupon which one from like a let’s
is groupon which one from like a let’s get together and raise money for a
get together and raise money for a
get together and raise money for a charity to oh my god we’re giving away
charity to oh my god we’re giving away
charity to oh my god we’re giving away lobsters for fifty percent off and if
lobsters for fifty percent off and if
lobsters for fifty percent off and if we’re 500 people that want to eat
we’re 500 people that want to eat
we’re 500 people that want to eat lobsters then giddyup so I mean it’s
lobsters then giddyup so I mean it’s
lobsters then giddyup so I mean it’s like a successful hibbett I actually
like a successful hibbett I actually
like a successful hibbett I actually think that hulu
think that hulu
think that hulu seeing what’s happening with Netflix as
seeing what’s happening with Netflix as
seeing what’s happening with Netflix as well as Google funding all this content
well as Google funding all this content
well as Google funding all this content and getting in the content business what
and getting in the content business what
and getting in the content business what you are seeing is hulu which is an
you are seeing is hulu which is an
you are seeing is hulu which is an aggregator and distributor starting to
aggregator and distributor starting to
aggregator and distributor starting to basically get into content so they’re
basically get into content so they’re
basically get into content so they’re going to start doing their own
going to start doing their own
going to start doing their own productions it’s ironic because
productions it’s ironic because
productions it’s ironic because distribute I mean I’m a Content guy but
distribute I mean I’m a Content guy but
distribute I mean I’m a Content guy but I’d be living in denial in an Africa
I’d be living in denial in an Africa
I’d be living in denial in an Africa basically if I thought that content had
basically if I thought that content had
basically if I thought that content had beaten distribution content it might be
beaten distribution content it might be
beaten distribution content it might be battered bruised kicked on spat on
battered bruised kicked on spat on
battered bruised kicked on spat on mocked ridiculed but content is still
mocked ridiculed but content is still
mocked ridiculed but content is still king but distribution won the dynamic
king but distribution won the dynamic
king but distribution won the dynamic the the number one distribution company
the the number one distribution company
the the number one distribution company is worth a lot more than you know the
is worth a lot more than you know the
is worth a lot more than you know the top 10 content companies but what this
top 10 content companies but what this
top 10 content companies but what this shows is that it’s a very lack of
shows is that it’s a very lack of
shows is that it’s a very lack of defensive you know space to be in so
defensive you know space to be in so
defensive you know space to be in so with Netflix getting hammered this year
with Netflix getting hammered this year
with Netflix getting hammered this year and realizing that the cost of licensing
and realizing that the cost of licensing
and realizing that the cost of licensing content goes up and with google youtube
content goes up and with google youtube
content goes up and with google youtube funding 100 to 250 million dollars of
funding 100 to 250 million dollars of
funding 100 to 250 million dollars of original content hulu has no choice but
original content hulu has no choice but
original content hulu has no choice but to get in the content business and
to get in the content business and
to get in the content business and they’re going to spend 500 million
they’re going to spend 500 million
they’re going to spend 500 million dollars to pay out to content partners
dollars to pay out to content partners
dollars to pay out to content partners like watchmojo but they’re going to get
like watchmojo but they’re going to get
like watchmojo but they’re going to get in the content business so I think you
in the content business so I think you
in the content business so I think you are seeing a pivot we’re basically every
are seeing a pivot we’re basically every
are seeing a pivot we’re basically every distribution company is going to get
distribution company is going to get
distribution company is going to get into content one or another people
into content one or another people
into content one or another people thought Google would never become one
thought Google would never become one
thought Google would never become one they are now they bought the Zagat as
they are now they bought the Zagat as
they are now they bought the Zagat as well and I think even Facebook you know
well and I think even Facebook you know
well and I think even Facebook you know I mean Facebook and all these other
I mean Facebook and all these other
I mean Facebook and all these other companies that in Twitter to Twitter’s
companies that in Twitter to Twitter’s
companies that in Twitter to Twitter’s now putting on live shows you know
now putting on live shows you know
now putting on live shows you know Tiesto was putting on a live show at CES
Tiesto was putting on a live show at CES
Tiesto was putting on a live show at CES we know we you know a few friends who
we know we you know a few friends who
we know we you know a few friends who work there you’re going to see more and
work there you’re going to see more and
work there you’re going to see more and more original content so you know for
more original content so you know for
more original content so you know for six years some of us have insane content
six years some of us have insane content
six years some of us have insane content is king it is I think you still want to
is king it is I think you still want to
is king it is I think you still want to own the throne or the castle which I’ll
own the throne or the castle which I’ll
own the throne or the castle which I’ll pass any one king but but isn’t it is
pass any one king but but isn’t it is
pass any one king but but isn’t it is interesting to see these companies pivot
interesting to see these companies pivot
interesting to see these companies pivot very cool that was show 24 we promised
very cool that was show 24 we promised
very cool that was show 24 we promised you CT may be back next week and we’ll
you CT may be back next week and we’ll
you CT may be back next week and we’ll catch you the same time same place
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