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Founder's Journal

LinkedIn AMA

Founder's Journal

Morning Brew

Entrepreneurship, Careers, Business

4.81.1K Ratings

🗓️ 31 July 2020

⏱️ 13 minutes

🧾️ Download transcript

Summary

Today I answer questions submitted on our LinkedIn Live, including: What does Morning Brew look like in 2 years? What changes and challenges have we faced due to COVID-19? What is Morning Brew's culture like? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

What is up everyone? This is Alex Lieberman, co-founder and CEO of Morning Brew coming to you with the last

0:06.3

Founders Journal of the Week, my daily diary where I go public for the world answering the biggest questions about business at Morning Brew and

0:15.7

talking about the most important moments in my day. Thank you everyone for

0:20.6

joining. Today's going to be a little bit different.

0:22.8

We're gonna do an AMA for the episode.

0:25.0

So I am going to be answering the questions

0:27.6

of everyone who's listening to this episode live

0:30.4

and hopefully you find it helpful.

0:32.0

Let's dive into it.

0:33.0

Everyone who's joining, please drop in any questions you have and I'm going to just start taking them

0:38.8

rapid fire. And if you don't have questions, I'm going to start answering my own questions, so I'd love to hear them.

0:44.4

What's up here? Thank you for joining.

0:46.4

Unfortunately, Pierre, I am not an expert on the luxury market, so I know there are people a lot smarter than me that can answer your question. the The question that I got was how is Morning Brew navigating COVID quarantine?

1:09.6

What are some of the biggest things that you're thinking about?

1:12.1

So what I'd say is there was kind of the initial

1:15.6

craze as COVID was still materializing as the entire world was trying to figure out what was going on and that meant

1:25.2

businesses were trying to figure out what was going on as well. And so in that first period I would say our focus was a business

1:31.5

was simply to survive like go into survival mode where we are

1:36.0

thinking about how can we build up a cash buffer if this goes on for a period of one or several years and the economy falls into recession.

1:46.1

How can we plan for an event where advertising dollars are no longer there and the one way we were making money as a business

1:54.1

isn't something that we can do any longer. And so in the early days of COVID we spent a

1:59.7

lot of time thinking about where can we cut costs that don't involve letting people go.

...

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