Tweets

RT @patio11: @tylertringas It takes 3 million dollars to open a McDonalds. 3 million dollars. Three MILLION dollars.

Do you know how much…

@rezzz @TransistorFM Yup!

@adamwathan @ianlandsman @r00k This keeps getting truer every day.

Ian gets it. 😂

https://twitter.com/ianlandsman/status/1095860289680146433

@joeybeninghove This is the primary reason:

https://twitter.com/nphaskins/status/1095831831059017731

@r00k @adamwathan Trust me on this one. 😁

@r00k @adamwathan I'm with you...

But 90% of my customers aren't. 😜

I'd love a WYSIWYG editor that also has a markdown mode.

Bonus marks for an editor that also has a "markdown mode." 👍

https://twitter.com/m1guelpf/status/1095819299107811342

Currently, we're using the Trix editor for Transistor.

But, we might switch it up.

I've used Redactor in the past.

What's your current fave WYSIWYG editor?

@lucaspiller @jonbuda Just tried it via my VPN from Spain. Seems to be working?

@lucaspiller @jonbuda i just checked it and it’s working for me!

Where are you listening from? (and which app?)

@ow 👋 @megamaker

@Shpigford Mug

Great to hear ⁦@iamashley⁩ back on her bootstrapping podcast! https://overcast.fm/+McFExaHw0

@hnshah 🙋‍♂️ @TransistorFM
🙏 with @jonbuda

@dchymko Sooooo... back at @CoWorkVernon today, eh?

RT @marknca: Passion needs rigor, http://bit.ly/2WRjZUa << spot on by @mijustin

@marknca Thanks Mark! 🙌

@gcaprio Good article! 👍

@carljbusch @TransistorFM Nope, if you follow these steps you shouldn't lose anything:
https://transistor.fm/switching-podcast-hosting/

RT @derrickreimer: I'm learning there's a wide chasm between recognizing a problem and actually modifying behavior to fix the problem. Prod…

I had a great chat with @dzohrob. We both started podcast companies in 2018.

"Why would you start a podcast company *now*?"

https://overcast.fm/+Pj7FaMFDc

@iamashley @TheStreaksApp Aww YEAAAH! 🔥💪

Another new podcast hosted on @TransistorFM. 🎉

Congrats on the launch @BretFisher! 🙌

https://twitter.com/bretfisher/status/1095037003303976960?s=21

You know how sometimes you're exercising and you overdo it and pull a muscle?

I feel like I do that with work sometimes.

I'll overdo it, and it feels like I've pulled a "brain muscle."

@tnorthcutt The thing is... they'll probably give it away for free. 😬

My friend @valsopi has been working super hard on @claritask_app:

If you're a project manager who wants more insight into what your team is working on, check it out! 👉

https://twitter.com/claritask_app/status/1094878525264457728

RT @danmartell: Passion needs rigor - @mijustin https://buff.ly/2I4YNqr

@BrookeFreedman Thanks for sharing it Brooke! 🙌

RT @BrookeFreedman: Passion needs rigor ~@mijustin

If passion and talent get us halfway to great, the other half comes from the rigor of…

@GreggJaskiewicz 😆

@JamesCridland That's exactly what I just noticed in Roald Dahl's as well!

HE HAD TWO! 😱

Roald Dahl's writing hut looks splendid.

https://youtu.be/nQkz_X1Rg60

@ArlanWasHere I dig it. Reminds me of this quote:

https://twitter.com/mijustin/status/1091924121372450816?s=21

This is another good way to put it:

https://twitter.com/iradhikagupta/status/1078876838326349824?s=21

RT @mijustin: Maybe a better way to put this is:

"A good product UNCOVERS a desire the customer already has."

Often, the customer can't a…

RT @mijustin: ⚡ Most of the people you thought were "crushing it" five years ago have burnt out since then.

Many of the folks you think ar…

@BarrettABrooks @seanwes @theleviallen @JamesClear I second this!

James, having you read your blog posts, and provide additional context + commentary, would be huge.

If it was a private "paid access only" podcast, people would still go for it!

(Let me know if you need help with that)

RT @ramez: The most effective climate policy of all time, for my mind, is Germany's early subsidy for solar and wind. These policies had im…

“A lot of people stick to what’s easy, because that’s what’s working for them now, but it limits your potential.” – @jaltucher

@jsoverson agreed

@davidhemphill @pjrvs Contraband!

But for us as individuals, this concept of gradual improvement is still helpful.

The tiny wins we're making each day *do* add up over time.

@jamischarles The original TMNT? I still love that one!

Side note:

This is also what causes inequality.

Generations of actions lead some groups to a sustained advantage over other groups.

When one group (over centuries) gains too much power, they become so entrenched that other groups can't move upward.

That's bad for society.

It's the actions we take every day, for years and years, that eventually lead up to a given result.

Nothing is a "sudden success."

It's years of tiny investments that produce the big payoff.

(Hat tip to @JamesClear for this one)

Since reading this @timoreilly piece, I've been thinking a lot about

"Gradually, then suddenly."

Often, we want our success now, "suddenly."

But true success seems to happen only after a gradual progression.

@thetightends @KarenUnland @thatsathingYEG The whole segment is just so good.

I love hearing Karen interact with her kids in such an open way.

@lovevalgeisler @JordanGal Ah yes. I know that experiment.

I think this dovetails with something @timoreilly has been talking about lately:

"Gradually, then suddenly."

We often want our success now, "suddenly."

But true success seems to happen "gradually, and then suddenly."

@JordanGal What?

@BetterCeo @Podnews Don't investors model their return on investment as 2x, 3x, 5x, 10x, etc?

Just updated the post I sent out this morning.

https://justinjackson.ca/rigor

My friend @KarenUnland gets her kids to explain teenaged pop culture to her on their podcast, @thatsathingYEG.

This part, with her son talking about memes, is so good. 😆

https://share.transistor.fm/s/615e3dfc

Another one:

🕹️ The Wizard

My wife and I were leaving on a date, and my mom was wondering what a good movie might be for the kids.

I remember loving this movie as a kid, so I recommended it.

When we got back, mom was like:

🤦‍♂️ "That movie was terrible. The kids hated it."

@itsdavemartin I love Rad!

I'll go first:

🔮 The Dark Crystal 🔮

I was fascinated (and scared!) by it when I was a kid. Re-watched it with my kids. They were like:

"Dad, this is the most awful movie we've ever seen." 🤣

Saturday twitter:

🍿 What's a movie you liked as a kid, but you recently re-watched it, and it's not nearly as good as you remembered?

RT @glenmccallumcan: 🤔 This new article by @mijustin has me thinking this morning. 🤔

Anyone know of an app like Streaks that 'works in pub…

Really good. https://twitter.com/thexavibenjamin/status/1093285442252931073

@charliprangley @ConvertKit Lol. So good!

@tracymakes Oh no!!!!

@nbashaw What do you (or @stratechery) mean by "full monetization potential?"

Second, is "full monetization" something we want (or need)?

Now hearing, again from @JamesCridland, that some folks are saying Anchor's acquisition price was closer to $25m.

That's a 1.7x exit for investors.

RT @valsopi: Name 3 people you would have a Friday dinner out with

@valsopi @paulg @jasonfried Let's make it happen! 🙌

@JamesCridland @RadioToday @TrevorDann Also:

- 36 million YouTube channels
- 505 million blogs

Podcasting is still tiny.

@scottmathson @jonbuda Thanks for listening!

Yes, Apple has a big opportunity here. And, as @JamesCridland points out, "they already have everyone's credit card number."

https://twitter.com/JamesCridland/status/1093122778318831616

@jhooks For a second I thought you were talking about the novel!

@nwquah Living the best life.

Inspiring to see @ajlkn’s journey.

2016: $0 MRR
2017: $1.6k MRR
2018: $8.1k MRR
2019: $23.8k MRR

SaaS growth really is “gradual, and then sudden.” https://twitter.com/ajlkn/status/1093619911711227905

You can also subscribe on:

@ApplePodcasts: https://itunes.apple.com/us/podcast/the-laravel-snippet/id1451072164

@OvercastFM: https://overcast.fm/itunes1451072164/the-laravel-snippet

@pocketcasts: https://pca.st/Hq1Z

@CastroPodcasts: https://castro.fm/itunes/1451072164

@breaker: https://www.breaker.audio/the-laravel-snippet

My friend @taylorotwell has a new @laravelphp podcast! 👨‍💻👩‍💻

You can now listen to it on Spotify! 🎉

https://open.spotify.com/show/1JRsUoFejkMUjJZLzBCGOq

@KD_Sherm Totally.

@iannuttall Haha. It's true.

But think, once we're doing these numbers annually...

$1M = $10M in Spotify money
$10M = $100M in Spotify money
$100M = $1,000,000,000 in Spotify money!

@iannuttall It's all public here. 😅

https://transistor.baremetrics.com/

@tenlinesofcode @nwquah They *must* be looking at Netflix though:
https://www.marketwatch.com/story/netflix-is-growing-even-faster-and-streaming-to-record-profit-totals-2018-04-16

There's a lot of value in subscriptions:
https://twitter.com/JamesCridland/status/1093122778318831616

@iannuttall This is true!

Whoa. If this news from @Podnews is correct, Anchor's valuation multiple was much lower than Gimlet's:

Anchor
- $14.4M in funding
- Acquired for $50M
- Multiple: 3.5x

Gimlet
- $28.5M in funding
- Acquired for $250M
- Multiple: 9x

🤔 Usually valuations are = Software > Content.

Love watching @m1guelpf build stuff.

He's a 16-year-old maker who created this in a week! 😮

https://blogcast.host/

@PatFlynn @CalebWojcik Hey Pat, I have a question to ask you (podcasting related). Could you reach me by DM or email? justin@transistor.fm

RT @mijustin: @nwquah Everyone thinks Apple is the sleeping giant (that will never wake up).

But given their big content deals with Spielg…

Wow @pkafka is quick.

He just interviewed @abexlumberg and @mlieber about the Spotify acquisition.

🎧 Listening now.

@nwquah Everyone thinks Apple is the sleeping giant (that will never wake up).

But given their big content deals with Spielgberg, Oprah, etc they've *got* to be thinking about this Spotify deal.

Also:
https://twitter.com/mijustin/status/1091512355018596352

@heidi_helen Currently, podcasters have to submit manually, and about 60% have done so.

@drewwilson I'd say podcasting is having its gold rush now:

- Spotify buys Anchor for $?M
- Spotify buys Gimlet for $230M
- Castbox (podcast app) has raised $30M
- Himalaya (podcast app) just raised $100M
- How Stuff Works acquired for $55 million in 2018

@_danielmeade Total podcasting economy is probably bigger than $500M, but...

Total ad rev for podcasts was only $314 million in 2017.

In 2015, Midroll Media was acquired for $50 million.

In 2018, Stuff Media (How Stuff Works) was acquired for $55 million.

@dwilliamjones The number of active shows on Anchor appears to be quite small.

I don't think that inventory is as big you think.

(Analysis via @Podnews)

@ericlbarnes Hahaha. More SEO problems for me!

This Spotify deal could also increase the total number of podcast listeners.

Currently, only about 48 million 🇺🇸 residents listen to podcasts weekly.

Spotify has 87 million paying subscribers, and 191 million active users.

@delk Whoa. You think $500M for Midroll?

@delk And even then, total ad rev for podcasts was only $314 million in 2017.

Other comparisons:

In 2015, Midroll Media was acquired for $50 million. (Spotify could buy 10 of those)

In 2018, Stuff Media (How Stuff Works) was acquired for $55 million.

@delk Really? I'd have thought Gimlet was doing the most revenue there.

Who's left?
- Pineapple Street Media
- Pacific Content

I guess I'm thinking more B2B plays.

I'm not including stuff like:
- Joe Rogan
- Pushkin Industries (Gladwell's company)

@EGMontesano @joerogan For example:

https://twitter.com/mijustin/status/1093334626624389120?s=21

For example, Omny Studio (one of my competitors) just crossed $300k in MRR.

- That's ~$3.6M in ARR
- If they sold at a 10x multiple (that's high) that'd be $36 million.

If Spotify is spending $500 million, they could buy 14 companies like Omny!

@EGMontesano @joerogan Yeah, I don't think they could buy every show, I'm talking more about the B2B side of podcasting.

It's arguable that with $500 million, Spotify could buy the ENTIRE podcast industry.

- every podcast & analytics platform
- every production company
- most of the smaller podcast players

$500M is a huge amount of money for the tiny podcast industry.

The more I think about it, the more insane this Spotify news is:

- Acquired Gimlet for $230M
- Acquired Anchor for $?
- Going to spend up to $500M on acquisitions this year

First, Gimlet was valued at $70M before this deal. Spotify paid $160M more than that.

Second...

@jmacias Still processing it!

RT @adamlogic: I see a lot of confusion around @heroku's free dynos, so I wrote up a guide. Let me know if you find this helpful, and pleas…

RT @natalienagele: Friends - we’re hoping to find someone great to join our team! Please retweet and share in your networks. This is super…