Episode
#285: Michael Mignano – Building Anchor Into The Biggest Podcasting Platform In The World
1:09:01
Published: Wed Dec 07 2022
Description
Michael Mignano is the creator of Anchor. He previously served as the Head of Talk for Spotify. Now, he serves as a partner at Lightspeed. In this podcast, he talked about stories from his early days at Anchor, when you should sell, misconceptions about Spotify, and how he found Product Market Fit. (0:00) Intro (1:40) Getting Jumped (3:45) Music & Technology (7:31) Early Days of Internet (15:38) Living Through The Audio/Video Revolution (19:33) Starting Anchor (23:21) When Anchor Wasn’t Working… (31:29) Growth/Finding Product Market Fit (40:08) Why Is Anchor Most Used? (45:20) When To Sell? (49:10) Misconceptions About Spotify (51:44) Becoming A Venture Capitalist (55:53) What Makes For A Good Investment? (57:45) Quitting Job To Start Company (1:05:33) Challenge - Michael’s Links Twitter: https://twitter.com/mignano - SPONSOR: This episode is brought to you by My First Million. This is the podcast that I listen to and recommend whenever I want to learn more about business, technology, or the future. Sam Parr and Shaan Puri are hilarious, informative, and interesting. Check it out: https://link.chtbl.com/MFM?sid=Danny-Miranda - My Links ✉️ Newsletter: https://dannymiranda.substack.com 🎙 Podcast: https://anchor.fm/dannymiranda 🎥 YouTube: https://youtube.com/dannymiranda 🐣 Twitter: https://twitter.com/heydannymiranda 📸 Instagram: https://instagram.com/heydannymiranda 🕺 TikTok: https://tiktok.com/@heydannymiranda
Chapters
Mike Mignano, the co-founder of Anchor, discusses the journey of building Anchor into the most popular podcast platform, and shares insights on the media industry and podcasting.
00:00 - 02:10 (02:09)
Summary
Mike Mignano, the co-founder of Anchor, discusses the journey of building Anchor into the most popular podcast platform, and shares insights on the media industry and podcasting.
Episode#285: Michael Mignano – Building Anchor Into The Biggest Podcasting Platform In The World
PodcastThe Danny Miranda Podcast
The speaker shares their experience of the early days of the internet and how products like Adobe Photoshop and Windows opened up new opportunities.
02:10 - 11:10 (09:00)
Summary
The speaker shares their experience of the early days of the internet and how products like Adobe Photoshop and Windows opened up new opportunities. They also discuss how studying computer science and the potential of the internet fascinated them.
Episode#285: Michael Mignano – Building Anchor Into The Biggest Podcasting Platform In The World
PodcastThe Danny Miranda Podcast
The founder of Aviary, Avi Muchnik, believes in creating products that are so simple and easy to use that even a kid or grandparent could use it.
11:10 - 24:58 (13:48)
Summary
The founder of Aviary, Avi Muchnik, believes in creating products that are so simple and easy to use that even a kid or grandparent could use it. The speaker discusses the importance of simplicity in product design and the potential for future technological advancements.
Episode#285: Michael Mignano – Building Anchor Into The Biggest Podcasting Platform In The World
PodcastThe Danny Miranda Podcast
The advice for product builders is to ignore the noise that comes with launching a successful product and focus on the product's metrics, especially retention.
24:58 - 33:48 (08:49)
Summary
The advice for product builders is to ignore the noise that comes with launching a successful product and focus on the product's metrics, especially retention. Product builders should remember that building a successful product is a marathon and not a sprint, and avoid getting distracted by investor meetings or M&A meetings, which can take their focus away from the product's success.
Episode#285: Michael Mignano – Building Anchor Into The Biggest Podcasting Platform In The World
PodcastThe Danny Miranda Podcast
Anchor founders, Michael Mignano and Nir Zicherman, recall the early days of Anchor as a podcast hosting tool and how they pivoted to become a podcast creation platform with the goal of exponential growth.
33:48 - 45:07 (11:19)
Summary
Anchor founders, Michael Mignano and Nir Zicherman, recall the early days of Anchor as a podcast hosting tool and how they pivoted to become a podcast creation platform with the goal of exponential growth.
Episode#285: Michael Mignano – Building Anchor Into The Biggest Podcasting Platform In The World
PodcastThe Danny Miranda Podcast
CEO of Anchor.fm, Michael Mignano, discusses his experiences working in the music industry, building Anchor, and angel investing, highlighting his passion for helping people create and fulfill their own missions.
45:07 - 59:31 (14:24)
Summary
CEO of Anchor.fm, Michael Mignano, discusses his experiences working in the music industry, building Anchor, and angel investing, highlighting his passion for helping people create and fulfill their own missions.
Episode#285: Michael Mignano – Building Anchor Into The Biggest Podcasting Platform In The World
PodcastThe Danny Miranda Podcast
The founders of Anchor discuss how they were able to start their company with very little funding by working out of Betaworks' offices and receiving introductions to investors in Silicon Valley and New York after three months.
59:31 - 1:07:35 (08:03)
Summary
The founders of Anchor discuss how they were able to start their company with very little funding by working out of Betaworks' offices and receiving introductions to investors in Silicon Valley and New York after three months. They also recommend other entrepreneurs try starting with a small amount of capital from friends and family, or by investing in a community startup studio.
Episode#285: Michael Mignano – Building Anchor Into The Biggest Podcasting Platform In The World
PodcastThe Danny Miranda Podcast
The hosts discuss the benefits of putting your idea out into the real world and the lessons they learned from doing so.
1:07:35 - 1:08:59 (01:23)
Summary
The hosts discuss the benefits of putting your idea out into the real world and the lessons they learned from doing so.