First Time Founders with Ed Elson – ft. Tyler Denk of Beehiiv
Jan 7, 2024
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Tyler Denk, founder and CEO of Beehiiv, discusses his background at Morning Brew, the challenges of selling a product they built for a startup to other companies, achieving one million ARR, building a financially successful business, the emotional rollercoaster of being a first-time founder, and the importance of finding your 'why' and building something meaningful.
The importance of assembling a talented and complementary team when starting a business.
The significance of addressing and rectifying false accusations through awareness and corrective actions.
Deep dives
Falsely Accused Latino Couple in the Karen Phenomenon
This podcast episode focuses on the case of a Latino couple who were wrongly accused of kidnapping by a white mother in the Karen phenomenon. While the Karen phenomenon typically centers on the accuser, this series sheds light on the innocent couple at the core of the story, emphasizing the importance of addressing and rectifying false accusations. The episode highlights the need to correct such wrongful actions and bring awareness to the harm caused by baseless accusations.
Building a Startup: Importance of Team and Talent
Building on the example of investing in a startup, this podcast discusses the significance of assembling a talented team when starting a business. The speaker emphasizes the value of attracting individuals who possess different skill sets and work effectively together. The story of a successful startup founded by three individuals from different backgrounds exemplifies the importance of a cohesive team where members complement each other's strengths. Early-stage investors are advised to prioritize investing in people rather than just the company itself.
The Rise of Newsletters and Newsletter Platforms
The podcast explores the recent explosion in popularity of newsletters as a means for writers and creators to independently monetize their work. It mentions the rise of platforms like Substack and Beehive, which provide distribution channels for newsletters. The guest, Tyler Denk, the founder of Beehive, shares his experience in leading growth and product at Morning Brew and subsequently starting Beehive. The platform aims to provide a comprehensive solution for newsletter creators, offering customization, analytics, and opportunities to monetize through advertisements.
Challenges and Lessons Learned: Starting a Company
The podcast episode delves into the challenges faced by young entrepreneurs when starting a company. It highlights the importance of having a clear vision and purpose, and the need to stay motivated amidst difficulties. The speaker shares personal experiences, including the loss of a core team member and reflects on the profound impact it had on the company. The episode emphasizes the value of resilience, focusing on long-term goals, and creating a drive to overcome obstacles.
Ed speaks with Tyler Denk, the founder and CEO of Beehiiv, a newsletter platform. They discuss Tyler’s background at Morning Brew, his thoughts on selling secondary shares, and dealing with personal loss while running a company.