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Channels with Peter Kafka

The future of: Crypto criticism; Substack and ABC News

Channels with Peter Kafka

Vox Media Podcast Network

Technology, Tv & Film, Business News, News

4.4585 Ratings

🗓️ 30 June 2022

⏱️ 60 minutes

🧾️ Download transcript

Summary

Three interviews! One pod: First entrepreneur and investor Zach Weinberg tells Recode’s Peter Kafka why he’s accidentally become Twitter Famous as a crypto skeptic — and explains how you can do it, too. Then two talks from the recent Collision Conference: Substack CEO Chris Best on the growth of his company, and about an unsuccessful attempt to raise a funding round (this was recorded before Substack laid off 14% of its workforce); and ABC News boss Kim Godwin on the challenges of reaching audiences that may no longer want fact-based news — or, at a minimum, aren’t watching traditional TV anymore. Featuring: Zach Weinberg (@zachweinberg) Founder of Flatiron and Invite Media, Investor at Operator Partners Chris Best (@cjgbest), Co-Founder and CEO of Substack Kim Godwin (@KimGodwinTV), President of ABC News Host: Peter Kafka (@pkafka), Senior Editor at Recode More to explore: Subscribe for free to Recode Media, Peter Kafka, one of the media industry's most acclaimed reporters, talks to business titans, journalists, comedians, and more to get their take on today's media landscape. About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:59.1

slash voxpod this is recode media peter kofka that is me and today i've got i want to i've been calling this a grab bag episode, but that's not flattering. It's an episode with variety, a bunch of different things going on here. It's all free. You're going to like it, trust me. At the top, I've got a chat with Zach Weinberg. He's an entrepreneur who sold his first company for $80 million. He sold his second one for two billion dollars he's building something else right now but that's not why you know him you know him

1:30.9

because he's on your Twitter or your TikTok or maybe your YouTube, depancing crypto guys for fun, not for profit. He just goes on and debates Web 3 advocates. And so far remains, I think, undefeated. He's a really fascinating character.

1:44.8

He's the kind of person the Internet delivers to you, even though you didn't know you wanted it.

1:49.4

We talk about why he's doing it, his actual issues and criticisms of Web 3, and why he's doing this stuff for fun, even though it is literally not his day job.

1:59.4

I think you will enjoy it.

2:01.4

And then I've got two conversations I taped last week at the Collision Conference in Toronto. It's nice to see you guys.

2:06.1

Thanks for saying hi. And I need to preface both of these conversations with a couple notes.

2:10.5

The first conversation is with Substack CEO Chris Best. We talked about the evolution of his company

2:14.9

and his product. And I asked him specifically what his life was going to be like, given that they had gone out to try to raise money and were unsuccessful, and New York Times had written about all that.

2:24.1

And he answered me, but he did not tell me that he planned on laying off 14% of his company, which he did just today on Wednesday as I'm taping this.

2:32.4

So keep that in mind as you hear him talk with me.

2:36.1

Then I also talk with ABC News boss Kim Godwin, who's been on the job for a year. And we talked

2:41.0

about sort of the existential dilemma of trying to be a broadcast news operation when a significant

2:46.9

chunk, maybe a significant minority of the country, is not interested in news or facts

2:52.5

are certainly hearing things that don't fit their worldview. We did talk about the January

...

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