This podcast episode discusses the rise of niche media outlets and the success story of Axios, founded by Jim VandeHei. John Harris and VandeHei understood the potential of the internet and targeted specific audiences with exclusive content. Trotz skepticism, Politico became profitable and its subscription-based model was crucial to its success. VandeHei's departure and the founding of Axios demonstrated the evolving media landscape and the importance of adapting to changing consumer preferences. The company's success was influenced by a combination of factors, including a strong team, smart brevity, and the ability to diversify revenue streams. VandeHei acknowledges the role of luck and timing in his entrepreneurial journey, emphasizing that external circumstances can greatly impact outcomes.
