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Sam Reich

๐Ÿ‘ค Speaker
463 total appearances

Appearances Over Time

Podcast Appearances

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

uh second job unless unless they don't have a first job in which case you know they are very you know happy to be working what we want for them to be very happy to be working with us even so

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

I don't think it's hard.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

I don't think what we're doing is that hard.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

Say nothing about our brilliant finance team who does it.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

But, like, specifically the reason we're doing profit share and, like, not royalties.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

I think it is kind of hard to cut the checks.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

I think royalties are harder.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

Yeah.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

Right.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

Which is like royalties are harder.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

Which is why we do profit share, because it's like a much simpler for us from an admin standpoint.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

I think that other companies don't do this because it is not standard and because they can get away with not.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

But the big one is probably this, which is that they have people that they need to satisfy, a whole category of people they need to satisfy who we don't have because we're not a public company.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

And right there, number four, number five, number six, depending on the company, is the shareholders.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

And that means like there are people like basically by hoarding money, you are satisfying someone.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

Yeah.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

Right?

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

Which, like, we don't have.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

There's no one to satisfy.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

IAC, theoretically.