Events Versus Journalism: Revenue Mix

Semafor co-founders Justin Smith and Ben Smith join Dylan to discuss their recent $30 million financing at a staggering $330 million post-money valuation—and to address some industry player-hating. They justify the math behind the valuation, break down the economics of a media company with a significant events business (while rejecting the idea that Semafor is events-first), and walk through their broader ambition to build a global, intelligent, independent news brand in the mold of The Economist and the Financial Times.

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