Lane Merrifield

speaker

487 appearances 1 recordings 1 series first heard Oct 2025 last heard 1 Oct

Lane Merrifield’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Oct 2025 with 1.

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Money Rehab with Nicole Lapin · The Double-Edged Sword of the "Shark Tank Effect" with Club Penguin Cofounder Lane Merrifield · 1 Oct 2025 podcast

And so if the numbers I heard were accurate, because I wasn't obviously involved back then, Club Penguin was still making 30 to 40 million a year when Disney decided to shut it down.

Yeah, ARR is annual recurring revenue.

And so to put it in perspective, we all pitched in about 50 grand, 50 to 100 grand each, launched Club Penguin for about $200,000.

It was profitable three months after launch.

And I think we're 50 to 60% margin for most of its lifetime.

Yeah.

So AR being annual recurring revenue, VCs being the folks that started knocking as soon as they saw those numbers.

I know.

It's amazing.

I have a lot of VC friends, so I'm not harping on it.

And I think for the right company, you know, being venture backed is not a bad thing.

VC obviously standing for venture capitalists.

And as an investor now myself, there's times that I think it works.

But there's also times if I'm being really honest that I don't think it's right.

And I'll tell entrepreneurs this.

Sometimes entrepreneurs just assume that getting other people's money or VC money is like... It's an assumed step in the process.

And I've literally...

attended company parties before where the company party is really an announcement party of how much money they just raised and a giant celebration of we've made it.

We just raised $10 million, $50 million, ta-da.

And it's so funny to me because it'd be like getting all your friends together and be like, all right, we're going out this weekend.

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