Peter Zeihan: Why Do the Democrats Keep Losing Ground?
The future of the Democratic Party in the US isn’t looking too bright. When strategy and targeting don’t change for over half a century, I…
Thought Leader: Peter Zeihan
Crypto media company Blockworks acquires The Breakdown
Blockworks, a media company that covers cryptocurrency for professionals, has acquired The Breakdown, a podcast network, Blockworks co-founder Jason Yanowitz told Axios.
Why it matters: The deal marks the company’s first acquisition since raising its first round of private capital last May.
“This acquisition marks a significant expansion of our podcast network, enhances our advertising capabilities, and broadens our distribution channels,” Yanowitz said.
- He added that the deal also strengthens Blockworks’ ability to cross promote events and research.
Zoom in: The Breakdown will become the flagship daily podcast of Blockworks.
- The Breakdown consists of The Breakdown podcast, a YouTube channel, and a newsletter, as well as the Bitcoin Builders podcast.
- Deal terms were not disclosed.
Zoom out: The agreement is part of a broader strategy shift at Blockworks to invest in podcasts that it can build into bigger standalone media brands via ancillary products, like newsletters and events, that cater to different audiences.
- Up until now, its shows — such as Empire, Bell Curve, 0xResearch, Lightspeed, Forward Guidance, On the Margin, and 1000x — were all created in-house.
Catch up quick: Yanowitz co-founded Blockworks in 2018 with Michael Ippolito.
- The firm makes money from selling ads and sponsorships against digital products, like podcasts and newsletters, and events. It also sells subscriptions to professionals for its research and analytics platform.
- The company was bootstrapped for its first five years. It raised its first venture round in May 2023 — $12 million at $135 million valuation.
By the numbers: Yanowitz said the company plans to end the year with around 85 employees, up from around 65 today.
Relevant and recent posts
Peter Goodman: His Start-Up May Not Survive Trump’s Tariffs
A sourdough baker turned entrepreneur in North Carolina has delayed his new product as he contemplates the prospect that higher costs will doom his company.…
Thought Leader: Peter Goodman
Patrick McGee: Is Tim Cook the Right or Risky Choice for Apple?
Deepwater’s Gene Munster and author of ‘Apple in China’ Patrick McGee, join ‘The Exchange’ to discuss whether Apple needs a new CEO and what needs…
Thought Leader: Patrick McGee
More with this speaker
Sara Fischer in conversation with X’s Linda Yaccarino
Thought Leader: Sara Fischer