Why Sam Altman Spent $100M on 10,000 Viewers
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OpenAI acquires TPBN for over $100 million
“So OpenAI just dropped hundreds of millions of dollars by a tech podcast. And Sam Altman now officially owns TPBN. Congratulations, Sam, you're now in media business. You acquired TPBN, the very hot tech online show and media company.”
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Storytelling is now a critical tech skill
“I think those guys do the best and most interesting job of covering what's happening with AI in a way that people understand, you know, they are genius marketers, and I would love to have better marketing.”
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Live streams fuel high-value social clips
“But the clips have an average viewership of 200,000 views. And these are clips of them talking to Mark Zuckerberg, them talking to Mark Cuban, they talk to Travis Kalanick from Uber. So these are very notable people in tech that go out, and the clips end up generating the traction of the audience.”
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Creators are moving into in-house corporate roles
“This version of, I'm a company that needs better marketing and storytelling, let me just grab a creator and pull them in house. That is, I think, going to be a growing trend. It's happened before HubSpot bought the newsletter company The Hustle. HubSpot also bought the podcast Starter Story.”
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TPBN pioneered the F1-style sponsorship model
“And sometimes on their clothing, they treated it like a Formula 1 team, where even employees who occasionally would show up on screen are outfitted with the hat, with the ramp logo, and with all the logos of the team, similar to sports.”