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Austin Rief ☕️ Profile picture
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9 May, 4 tweets, 1 min read
I am speaking to a high school class on the power of investing.

What is one stat or fact I should share?
Current agenda:

1. What is Doge?
2. Who is the Dogefather?
3. Definition of "to the moon"
@BrianFeroldi - feel like this is right up your alley
Repeat after me:

"I pledge allegiance, to the Dogefather..."

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More from @austin_rief

Austin Rief ☕️ Profile picture
10 May
1/ Every company should think about hiring globally.

The last year has forced us all into an unanticipated experiment around remote work. I was a huge remote skeptic pre-COVID.

However, it's worked out much better than expected.
2/ Ever since COVID, I have been fascinated by global work forces

Finding talent is hard. Expanding your talent pool to a global one is a huge competitive advantage.

And, your competitors are already doing it

42% of new startups are headquartering their companies in the cloud
3/ However, hiring a global workforce is REALLY hard

Employing abroad can require setting up local subsidiaries, bank accounts, HR, legal, accounting, and payroll in each country

This is expensive. Setting up just one country can take up to 18 months and costs upwards of $100K
Read 6 tweets
Austin Rief ☕️ Profile picture
7 May
Travel is back. Image
And no, I am not making my flight.
Update: did not make my flight.
Read 5 tweets
Austin Rief ☕️ Profile picture
26 Apr
Sharing these images about The Eileen Youtie BRCA Campaign.

1 in 40 Ashkenazi Jews has the BRCA gene mutation which lead to increased chances of cancer (70% chance of breast cancer for women!)

RT to spread the word and help save lives.
BRCA mutations increase your odds of developing cancer significantly.
Read 5 tweets
Austin Rief ☕️ Profile picture
24 Apr
Some news: This week we announced that I am becoming the CEO of @MorningBrew.

I am incredibly excited for the opportunity. A few thoughts on what @MorningBrew can become.

[THREAD]
2/ Morning Brew is the go-to read for 3m modern business leaders to get their daily news.

But @MorningBrew is more than just a newsletter.

We have a relationship with our readers that very few other media companies do. Our audience views us as more than just business news.
3/ And for us, that's an incredible opportunity. It gives us the ability to provide our audience with content and products that serves 2 goals:

1. Make our audience better at their jobs
2. Make our audience well-rounded business minds
Read 6 tweets
Austin Rief ☕️ Profile picture
18 Apr
There's never been a more exciting time to start a business.

I've spoken with many people this weekend who are in the early days of building and the energy is contagious.

Here are 5 threads with my advice on building start-ups:
How we went from "0 to 1" at @MorningBrew.

Takeaway: Do things that don't scale

How we built out our @MorningBrew ambassador program

Takeaway: Experimentation is a requirement

Read 6 tweets
Austin Rief ☕️ Profile picture
12 Apr
Many critics (especially those in media) have been questioning Substack's $65m raise.

"Why raise so much capital??"

I think it's genius. Here is why:

[THREAD]
Substack has done an incredible job at 2 things.

1. Building the easiest way to start a newsletter
2. Building a brand

Substack is the Kleenex of ESPs. Many even use the terms "Substack" and "email newsletter" interchangeably.
However, Substack's product is currently a commodity. This isn't a knock on the product, they are early!

However, they take a % of revenue, whereas many competitors take a flat rate.

For example, Ghost is a much better economic alternative.
Read 18 tweets

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