Can a podcast help you raise money? 20VC raises $400 million, The problem with all these new podcasts, Amazon's AI generator tool can now create audio ads, and Why AI agents are not a moat for your business (and what is)

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Careers, Business, Marketing

4.6 • 1.3K Ratings

🗓️ 23 October 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode #2847, Eric Siu and Neil Patel discuss the potential of podcasts as a tool for fundraising, the saturation of the podcast market, and why the true moat for businesses lies in brand value and creativity. Don’t forget to help us grow by subscribing and liking on YouTube! Check out more of Eric’s content (Leveling UP YT) and Neil’s videos (Neil Patel YT) TIME-STAMPED SHOW NOTES: (00:00) Can a podcast help you raise money? 20VC raises $400 million (02:24) The problem with all these new podcasts (07:05) Amazon's AI generator tool can now create audio ads (09:01) Why AI agents are not a moat for your business (and what is) (13:25) That’s it for today! Don’t forget to rate, review, and subscribe! Go to https://www.marketingschool.io to learn more! Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Single Grain << Eric’s ad agency NP Digital << Neil’s ad agency X @neilpatel X @ericosiu

Transcript

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0:00.0	Can a podcast help you raise money?
0:02.3	Yes. You see the news on 20 VC?
0:04.9	I like all I can say is yes.
0:06.5	20 VC raised 400 million dollars from their podcast.
0:10.5	You know he's still in his mid-20s right now?
0:12.1	Yeah, he started that at age 19. Yeah. Yeah. So for those of you guys who've never listened to 20 VC podcast episode, you guys should check it out. It's good. It's good stuff. Uh-huh. And what it pretty much is is this guy
0:25.2	named Harry. He goes around. He goes around. He goes around interviewing other
0:29.6	entrepreneurs and investors. And he started off with a small fund.
0:35.0	I don't know what the first fund was, but he got that from his podcast and the
0:38.6	viewership that he was building up from it.
0:40.3	10 million or something.
0:41.3	10, 15, I think it was under like 20, 30 million, right?
0:44.0	It was small.
0:45.0	And then the second one I believe was a little bit more than 100, less than 200, though.
0:49.9	And then he just raised a third fund of 400 million dollars million which he'll use to invest in companies and
0:54.8	typically these VCs get 2% management fees so once you deploy the money 2%
1:00.8	would be 8 million a year which would be
1:03.4	used to pay for staff and expenses and a nice salary and then you get 20% of the profits.
1:09.4	Yep.
1:10.4	It's a good business model for him.
1:11.4	I mean the thing is that with these funds he doesn't necessarily need a lot of staff right so a lot of the management fees will go straight to his pocket and then whatever he gets on carry just for everyone if something goes really well let's say it
1:24.0	sells for a billion dollars or whatever in profit he might take 20% of that right the
	...

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