Austin Rief: Building Morning Brew, The Ultimate Guide to Building Newsletter Businesses, Side Hustle Ideas, & More

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 20 December 2022

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Episode 398: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk to Morning Brew Founder & CEO Austin Rief (@austin_rief) about building, growing and selling a newsletter valued at $75M in 5 years, whether newsletter businesses are still worth doing, how to make them succeed, and a few good side hustle ideas to start now. ----- Links: * Morning Brew * Toptal * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ------ Show Notes: (01:00) - Morning Brew origin story (19:10) - Ad sales (24:10) - Austin's strengths (32:15) - Austin's upbringing (42:55) - What did you do with your new found wealth? (45:55) - Ideas brainstorm (01:13:14) - Future plans ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

Click on a timestamp to play from that location

0:00.0	On paper, we kind of hated each other.
0:02.0	Not kind of, I hated you.
0:03.3	Dude, I hated you.
0:16.2	All right, so we have Austin here.
0:17.7	Austin Reef, founder of Morning Brew.
0:20.3	I know how big you guys are.
0:21.5	I don't know what the public numbers are.
0:22.8	So I'll let you kind of say, how big is the company now?
0:25.4	Yeah, 70, 75 million of revenue this year.
0:28.0	Double digit profit.
0:29.3	And margin, 250 people or so.
0:31.8	And it's kind of a kind of a crazy story.
0:34.4	You guys started this, you guys were at college, right?
0:36.5	You're at, is it Michigan?
0:38.4	Where are you guys from at school?
0:39.6	Yeah, so we're at the University of Michigan.
0:41.6	I applied the Duke didn't get in though, unfortunately.
0:44.2	And so went to Michigan.
0:45.1	Wow.
0:45.9	Yeah, I went to a small private high school.
0:47.5	My condolences.
0:50.3	No, Michigan worked out well.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Hubspot, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Hubspot and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.