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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The firm closed a $33 million round of Series B funding, with the bulk of the money going toward building out its advertising business, CEO Tyler Denk told Business Insider. With the new round of funding, Beehiiv hopes to make $5 million from ads in 2024, he said. AdvertisementBeehiiv acquired the email ad platform Swapstack and launched its ad network that places ads in newsletters during the third quarter of 2023. Beehiiv's Denk said that Beehiiv has a "difference in philosophy" on ads than Substack does.
Persons: , Tyler Denk, Beehiiv, Denk, Boston Globe Media's, Beehiiv's cofounders, Substack, Jesse Singal, Beehiiv's Denk Organizations: Service, Business, NEA, Sapphire, Lightspeed Venture Partners, Boston Globe, Morning, Netflix
The big storyCareer makersInflection AI, Maven, Forage, The GrandWhich startup would you recommend a friend or family member should work at? That was the prompt for Business Insider's VC and startups team as it compiled a list of early-stage companies to bet your career on . The list doesn't have specific parameters, Leena Rao, the deputy editor of BI's VC and startups team, told me. With so much money pouring into AI startups, founders' attention will naturally be drawn to the tech when thinking about their next project. Meanwhile, the volatility among startups comes at a time of broader instability for the tech industry.
Persons: , Elon Musk, Taylor Swift, Leena Rao, Maven, Alyssa Powell, Ben Bergman, there's, Moody's, Paul Tudor Jones, We've, Jenny Chang, Rodriguez, OpenAI, Samantha Stokes, Andrea Chronopoulos, Bob Iger, Lachlan Murdoch, David Zaslav, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Business Insider's, Big Tech, Meta, Flagstar Bank, Facebook, YouTube, Google, BI, ESPN, Warner Bros, Fox, Walt Disney Company Locations: NYCB, New York, London
Once you have people in your corner, start with a free product and graduate to a paid product. That means you don't need heaps of leads or millions of followers on social media. Offering a free product may make you feel like you want to pee your pants. But what you need to do is get over it and offer a free product, which will be the foundation for a paid product later. This one technique has made the goal of making seven figures online attainable for so many more people.
Persons: Tim Denning, Get, it's, Dan Koe, Dan Go, Matt Grey, Todd Brison, Zach Progob, Dakota Robertson, I've, bro, Nicolas Cole, Ali Abdaal, Read, That's, you've, Tim Ferriss, Doreen, she'd, it'll Organizations: Service, CNBC Locations: Wall, Silicon, Australian
Social-media consultant Matt Navarra launched the Geekout newsletter in June 2020. The newsletter in on pace to earn about $200,000 in 2022, based on documentation provided to Insider. With nearly 22,000 readers currently, the Geekout newsletter derives its revenue from paid sponsorships and advertising. The Geekout newsletter is on track to generate about $200,000 in revenue in 2022, based on monthly earnings. Navarra said building out the Geekout newsletter has been a demanding entrepreneurial process, but ultimately a rewarding one.
Social-media consultant Matt Navarra launched the Geekout newsletter in June 2020. With nearly 22,000 readers currently, the Geekout newsletter derives its revenue from paid sponsorships and advertising. The Geekout newsletter is on track to generate about $200,000 in revenue in 2022, based on monthly earnings. Insider verified the Geekout newsletter revenues via documentation provided by Navarra. Navarra said building out the Geekout newsletter has been a demanding entrepreneurial process, but ultimately a rewarding one.
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