01:23:36 · John Coogan, Josh Lindgren, Jordi Hays
[01:23:36] S1: Mhmm. How are you thinking about international? Just the like like the puzzle. Because if your business is if your podcast is aligned to specific products that are maybe only sold in The United States, it can be hard to monetize. You might need to go on a tour. An international tour can be more expensive. At the same time, I'm sure from musicians that you've worked with, you've solved the puzzle of what an international world tour looks like that is successful. So how do you think, like, the the the the the future eras tour of the podcasting world will play out? [01:24:14] S7: Yeah. I think that the international touring is, I mean, you have [01:24:20] S1: It's see, it feels like it's early. Am I right in that, or am I just not aware of there was already the Era's tour of podcasting and, like, Smartlisted it, and I just wasn't paying attention to their their trip to Japan or something. [01:24:30] S7: I would say there's only one Era's tour, but you but the you are seeing a bit of international touring happening already. I mean, you know, many years ago, we sent stuff you should know to Australia, and it was such a wildly successful tour. Yeah. You see a lot of American podcasts doing The UK [01:24:43] S0: Yeah.
01:24:43 · Jordi Hays, Josh Lindgren, John Coogan, Sean Frank
[01:24:43] S0: Yeah. [01:24:43] S7: A little bit in Europe. I mean, one of the challenges is when you're crossing over into markets that are primarily not English language speaking markets where you might have listeners, but you might have a different type of relationship with them. That can be a real challenge, but especially going from one English language market to the next, it can really work. [01:25:00] S0: Mhmm. [01:25:01] S7: But you do see audiences becoming really segmented between different markets. [01:25:06] S1: Mhmm. [01:25:06] S7: If you look on any given day at the charts in The UK and the charts in The US, they're probably gonna look pretty different. There's gonna be crossover for sure. [01:25:14] S0: Mhmm. [01:25:14] S7: But a lot of different stuff changes out even though we speak the same language and understand each other very well. Yep. There's just different sensibilities from one market to the next. You know? But, I mean, you mentioned advertisers. Right? The US ad market is is a big leader in podcasting. Right? Because this is a consumer that a lot of brands want to reach. Mhmm. And so, you know, as we've built our business internationally and signed podcasters from all over the world, you know, there's still at this point a real value into having a foothold in The United States in terms of reaching audience. I think one of the most exciting feature change areas in podcasting is gonna be some seeing more of these markets come alive. [01:25:52] S6: Mhmm.
01:25:52 · Sean Frank, Josh Lindgren, John Coogan
[01:25:52] S6: Mhmm. [01:25:52] S7: And if I was, you know, an investor looking for a place to to start up, I would be looking at India right now, for instance, you know. Right? Whereas there's just a little bit less saturation and more opportunity for extreme growth. Australia, I think, is a really interesting market. I made it out to Sydney last year for South by Southwest Sydney, and it it reminded me a lot of the podcast market in The US 10 ago, twelve years ago when I got started. And so I think there's a lot more that's going to come online for those markets as the brands locally and the advertisers in those areas start to realize that this is a great way to spend money and to reach audience. But it was an education process in The US to get brands to to spend here and trust this market. [01:26:37] S1: Yeah. [01:26:37] S7: And it'll be an education process at a market by market basis.
01:26:37 · Josh Lindgren, John Coogan
[01:26:37] S7: And it'll be an education process at a market by market basis. [01:26:41] S1: Last question. How are you talking to or I don't even know if you can talk about this, folks who work for large media companies, they have been around for the pivot to video. We're gonna put you on camera. We're gonna set you up with a podcast. They build an audience, and they're ready to venture out on their own. We've had Ashley Vance on this show, Joanna Stern, Eric Newcomer. There's been a whole host of these folks who sort of grew audiences and and learned the the skills of of content creation, whether it's advice or Vox or any of these platforms, and then they go independent. If you're having a conversation with them, what how are you talking to them about why they might want to do that or why they might not want to do that? [01:27:30] S7: Yeah. So every podcaster, every creator is an entrepreneur [01:27:35] S1: Yeah. [01:27:35] S7: Right, Which can be really scary if you're used to getting a paycheck every single, you know, biweekly from a big media company. Mhmm. But it's high risk, high reward. Right? Because once you launch your own show, you own that audience. And no longer are you at the whims of, you know, the executives that you work for. [01:27:52] S1: Yeah. [01:27:53] S7: And actually capturing a smaller audience can be more lucrative for you because you're capturing more of the revenue [01:27:59] S1: Yeah.
01:27:59 · John Coogan, Josh Lindgren, Jordi Hays, Eric Seufert
[01:27:59] S1: Yeah. [01:27:59] S7: That that audience drives. Right? This is a conversation I have with folks all the time who are at legacy media companies trying to decide what their next steps look like, especially in this really fast changing landscape where some folks are forced out necessarily when they necessarily wanna make that choice right away. Yeah. So it can be a really scary transition. I'm very empathetic for people who are going through it. I don't begrudge anyone who decides that they want to keep working in legacy media. I don't think that it's doom and gloom for legacy media. Right? I think that there's still room for great journalists on television and on radio, print journalists, and so on. But for folks who are entrepreneurial and wanna build their own thing and own their audience, there's incredible upside and opportunity. [01:28:41] S1: Yeah. Yeah. It's exciting times. Well, thank you so much for taking the time to come chat us. [01:28:45] S0: Great to have you on. [01:28:46] S1: Have a great rest. [01:28:46] S7: Godfather. So much for having me. [01:28:48] S0: The godfather of podcasting. Podcasting. [01:28:50] S2: It's true. [01:28:50] S0: It's true. [01:28:52] S1: We will talk to you later. Have a good one. To see you. [01:28:54] S7: Thank you so much.
01:28:54 · Josh Lindgren, John Coogan, Jeffrey Morgan, Sean Frank
[01:28:54] S7: Thank you so much. [01:28:54] S1: Let me tell you about CrowdStrike. Your business is AI. Their business is securing it. CrowdStrike secures AI and stops breaches. Up next, we have Jeff Morgan from Ollama. He's the cofounder and CEO. It's his first appearance for the massive series b. Jeff, how are you doing? Welcome to the show. [01:29:13] S3: Thanks for having me. Doing great. So excited to be here. Big fan of the show as well. [01:29:16] S1: Thank you. Please introduce yourself and your music company. I wanna get to the bottom of how the hell you got 80% of Fortune 500 using your product. But first, introduce yourself and the company. [01:29:27] S3: Yeah. I'm Jeff. I'm the CEO and cofounder of Olama. Olama is the largest network for developers to access open models. [01:29:33] S6: K. [01:29:33] S3: You download Olama. Get connected right away to open models like GLM five two, or you can download them locally and run them right on your laptop for more kind of edge low latency use cases. [01:29:42] S1: Okay. Tell us about the round. Jordy's warming up the gong. How much did you raise? Who from? [01:29:49] S3: 65,000,000. The lead was Tamash Tungus, and we had existing investors participate too, like that.