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Podcast Network here at Vox Media headquarters in New York City. If you like this show, please tell someone else about it. Thank you. Here with Anthony Wood, CEO, founder of Roku. Welcome, Anthony. Hi, Peter. Thanks for having me. Yeah, I'm trying to remember the last time we sat and talked for a while. I think it was years ago. I think it was on a stage.

Yeah. That's right. I remember that. And I asked you all the standard questions, which is you're going to get crushed by Apple, crushed by Google, crushed by Amazon, what's going to happen that was years ago. Since then, you went public.

Yep.

Successfully. So far. I checked the market cap this morning. The company's worth about $7 billion. So things have gone well.

Yeah, we went public a year ago, and business is great. I mean, it's an awesome time to be in the streaming business. Yeah, I'm writing about another company that wants to raise a bunch of money, and you are now part of their pitch.

Which is, oh, if Roku can go public, then we ought to be able to raise this much money

at a billion dollar valuation because there's room for sort of lots of companies now

to participate in the streaming boom.

Yeah, I mean, you know, one of the challenges with Roku going in public was that this perception

that we're a hardware company, which I think that's largely gone away.

Because you used to sell hardware, and you still do.

We still sell hardware, right?

But our goal for selling hardware is to build active accounts.

We're not trying to make money on hardware.

But my point was just that that was a challenge for us.

And so we spent a lot of time with investors explaining our business model, which is about

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