Episode Transcript
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0:00
How I did it, I got a license,
0:02
I hired people, and I grow hacked the
0:04
shit out of it. Like I literally published
0:06
14 hours a day, typos galore like all
0:08
over the place, and I just did publishing
0:11
in digital in a way where no one
0:13
had seen here before. We did
0:15
transgender stuff stuck in the airport
0:17
when Stephen Gerard was drunk dancing
0:19
in the thing, when Bieber was
0:21
in Brasti, when the shake walks
0:23
into the restaurant, we were publishing
0:25
like they didn't know what. That
0:27
happened. Time out in what's on
0:29
magazines and digital here with June
0:31
10 posts on Facebook a week.
0:34
We did 14 a day. Welcome
0:36
to the Entrepreneur Experiment Podcast with
0:38
me, Gary Fox. Today. is a really
0:40
milestone moment. I told you we're going
0:42
to go global and I've gone ahead
0:44
and done it. This is the first
0:46
in a series of podcast you'll hear
0:49
over the next month or so from
0:51
the Middle East. Today is Richard Fitzgerald
0:53
from Dubai. He is the founder of
0:55
the Augustus Media Group. He is behind
0:57
brands such as Love and Saudi, Love
0:59
and Dubai. He's an investor and he's
1:01
also the smartest person I've met when
1:04
it comes to media and more importantly
1:06
the future of media. Here is my chat
1:08
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1:10
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1:12
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1:15
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1:23
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1:32
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3:15
Richard, welcome to the pot. Thanks
3:17
Gary, good to see you in Dubai.
3:20
And most of all, thank you for
3:22
hosting us. You're welcome, we're in your
3:24
house. You're in our house. What a
3:26
slick setup. Our Augustus Colosseme, our office
3:28
studios in Dubai Production City. Thank you.
3:30
Good designers, we were here about three
3:32
years, but yeah, it's nice to, new
3:34
people to see it, it's nice to
3:36
use it. Something else, me and Ben,
3:39
I'm just telling Ben on the way,
3:41
I was like Ben, you're going to
3:43
enjoy this place. It's like, we've been
3:45
in a lot of places. We've shot
3:47
in a lot of places, and it's
3:49
just like, it's just so well done. Where
3:51
did this vision come from? I
3:54
mean Augustus, the name Augustus
3:56
is a character in a
3:58
period of history and Emperor
4:00
Augustus and I think it's
4:02
interesting right Mark Zuckerberg studied one
4:04
thing in Harvard, Rome at the
4:07
time of Augustus. He didn't even
4:09
finish it. He didn't study Roman
4:11
history. I think there's something about
4:14
what Emperor Augustus did. I remember
4:16
in Irish history we did Audovon
4:18
Binsmark and he united Germany. I
4:20
just I just liked history or
4:23
just liked that idea. There's a
4:25
few answers to this one but Augustus
4:27
in theory. So when he came
4:29
in, adopted kind of son of
4:32
Judas Caesar, Rome was a mess
4:34
and he turned it from a
4:36
republic into an empire. And that
4:38
was sort of a few, you
4:40
know, I think 17 BC or
4:42
something like this, when he
4:45
actually took over. And then
4:47
after Christ and after he dies,
4:49
like 70 years later. because
4:51
he's only 18 or 20 when he
4:53
took over Rome. Then Rome had 200
4:55
years of peace. So we said our
4:57
vision, our mission, our mission particularly, is
5:00
to become the new media company of
5:02
choice in Middle East and North Africa.
5:04
But our vision is bigger. It's established
5:06
a new order in media and advertising
5:08
globally. And that... name and that
5:10
person was of apt for that.
5:13
We wrote that mission down Gary
5:15
in 2015, 2015, when I bought
5:17
the franchise of Love in Dublin
5:19
and it's dictated so much of
5:21
the direction of the company. The
5:23
other thing that Augustus did, if
5:25
anyone's been to Rome and anywhere,
5:28
you see political boards and you
5:30
see sculptures and headshots and stuff
5:32
like that, Augustus was the first
5:34
person to put his headshot around
5:36
the city. And you know it's
5:38
so fascinating they actually did an exhibition
5:41
in Hamburg in Germany in January last
5:43
year I travel when I found out
5:45
about it was in the last week
5:47
I flew to Hamburg to see the
5:49
exhibition it was built in some like
5:52
images and power and mocked at the
5:54
time of Augustus in Rome and this
5:56
institution was able to get all these
5:58
marble stuff from everywhere. because it's very
6:00
known in this of curating and bringing
6:02
things together. So I was like unbelievable.
6:05
And I saw the coins. He was
6:07
very like how the Shakes do now
6:09
and how MBS and Saudi is doing
6:11
the Neom stuff. They would announce the
6:13
new temple on a coin. In like
6:15
2025, they put the coin because they'd
6:17
nowhere else to, there's no social media
6:19
or whatever. And that would inspire the
6:21
people of Rome that there's going to
6:23
be a big temple built in four
6:25
years time, you know? coins and imagery
6:27
to show it. He's accessible to people
6:29
at the time, ever and had coins
6:31
and ever... That's how he did it.
6:34
And like, I have coins now from
6:36
the exhibition, like with him on it
6:38
and stuff like that. There's a few
6:40
other brilliant stories. So that was the
6:42
sort of like imaging and stuff like
6:44
that. And now I think, like I've
6:46
been here so long now, I've been
6:48
here 13 years, now I think... Why
6:50
was I, why did I pick an
6:52
Augustus name? Like people don't know it
6:54
that bad the Nabatians, they're, you know,
6:56
Petra and Jordan and that sort of,
6:58
they're sort of rewritten out of history
7:00
and then also the Amayas and the
7:03
Persian empires and things like that, why
7:05
did I pick a Western, like Rome
7:07
is in our brains, but it's not
7:09
in everyone's brains, you know, so that's
7:11
Augustus. Other slight nod was. You know,
7:13
my confirmation name, I picked Augustus, but
7:15
actually saying to Gustin is the, I
7:17
picked Augustus because my grandfather was no,
7:19
as Austi, and I thought that was
7:21
his name, my mom told me that's
7:23
his name, but he died in 1952
7:25
when she was two, but I picked
7:27
it after him, and my brother's just
7:29
been to Ireland and he's been going
7:31
through the archives. My grandfather had a
7:34
letter factory, Dickens letter factory in Ireland
7:36
in the 30s and 40s, and he
7:38
listed it on the Irish stock market,
7:40
stock market. and there's photos of his
7:42
brother with JFK and all this or
7:44
so in America bringing money back all
7:46
that stuff. So it's kind of like
7:48
that, you know, the aspirational thing of
7:50
like, you know, my dad died when
7:52
I was young as well. So that's
7:54
sort of thing of like creating something
7:56
that's sort of a nod to that,
7:58
but also something that's big enough to
8:00
navigate all this media fragmentation that's going
8:03
on. But that's the name. That's the
8:05
vision. Another thing I'll tell you about
8:07
it is that... What it means something
8:09
to you, like so often people pick
8:11
names and you're just like, oh we
8:13
got off whiteboard, I'm like, eh. It's
8:15
nice one, it has, because it's your
8:17
life's work, right? Hopefully. Yeah, you'd like
8:19
to think so, but I mean, yeah,
8:21
I can also, like, you know, don't
8:23
get attached to anything that you can't
8:25
walk away from a 30 seconds, be,
8:27
be it, there the heat. He's a
8:29
great movie. You know, the guy, before
8:32
I left Dublin in 2009, I was
8:34
in London for a couple of years
8:36
before the Olympics and I remember going
8:38
to... What's your background? Social media. I
8:40
joined Cybercom Huskies in Dublin in 2007.
8:42
I graduated, I graduated, I graduated... in
8:44
New C.D. with economics in German, 2002,
8:46
2006, and I got a job in
8:48
outdoor advertising, 7 and 6 cheese stuff
8:50
in newspaper. You know the boxes outside
8:52
the news? The whole of these pages?
8:54
those ads with a company outright and
8:56
then I did an evening diploma with
8:58
a guy called Anthony Quigley in 2006
9:01
in Dublin and DIT. He's marketing his
9:03
shoes. Yeah and I got I did
9:05
well for the first time ever and
9:07
so I knew I liked this stuff
9:09
because I kept reading about like digital
9:11
agencies in London I loved all this
9:13
stuff back then and Cybercom Johnson Vartis
9:15
and Robri gave me a job after
9:17
like two or three interviews and all
9:19
of a sudden in two or three
9:21
years I was doing digital marketing for
9:23
Coca-Cola Banerads. Lloyd's Bank, my group is
9:25
UK, dual collection, like Cybercom Huskies had
9:27
everything back then. They had all the
9:30
banks, they had Diageo, we were doing
9:32
flash banner ads, displays, I was doing
9:34
paid media, I was doing everything, like
9:36
Google ads, the first Facebook ads, I
9:38
saw social media, Twitter accounts for Coca-Cola
9:40
in Dublin, co-Cola cities, and we gave
9:42
away prizes before Coca-Cola had a global
9:44
social media guidelines, before they paid us
9:46
for it. We did it before, you
9:48
know, and I was telling them, hey
9:50
guys, say... up a social media division.
9:52
They're like, no, you get in trouble
9:54
with your clients, Richard, not your dyslexia,
9:56
but you make mistakes. I remember, I
9:58
used to emails for Erlingus and I
10:01
never checked them and I always got
10:03
the prices wrong. They'll kill me. Kind
10:05
of important. Because they were doing these
10:07
blasts, like they were doing these blasts
10:09
like 49 quid to Boston or whatever.
10:11
And like, I always got it wrong.
10:13
And like they'd be like, I'm like,
10:15
like, like, I got it's my colleague,
10:17
it's my thing. I thought so, but
10:19
I always clashed with my bosses and
10:21
like there was two bosses in Dublin
10:23
that you know didn't get on me
10:25
ever thought it was my fault and
10:27
then I went to London and clashed
10:30
with my boss again and I went
10:32
to like a career psychologist or whatever,
10:34
coach or whatever, and she was like
10:36
yeah you're not really cut out for
10:38
this. I'm like, but I know it
10:40
all like I'm good at it. The
10:42
career is in like social media or
10:44
like just having a boss. I said
10:46
to me she goes. You could never
10:48
have a boss again. I know, I
10:50
know. It's just not wired that way
10:52
or it's just not. The freedom is
10:54
just worth anything to me. It's worth
10:56
any figure you can put on it.
10:59
Sometimes like that's what you need is
11:01
someone to go, hey Richard, just set
11:03
up your own thing. Well, maybe, but...
11:05
The next company I went to cared
11:07
more about like careers and you know
11:09
they were a big agency in London
11:11
with 400 people and they were like
11:13
best places to work and they they
11:15
told us they hired external coaches they
11:17
told us conflict resolution and LP and
11:19
my bosses were great and I got
11:21
promoted for the first time out and
11:23
it taught me like did I help
11:25
you the coaching? Yeah yeah there's definitely
11:28
management stuff I remember going into these
11:30
things saying this is how you deal
11:32
with difficult people because I read it
11:34
in football biographies, they manage your biographies.
11:36
And they're like, no, don't kick a
11:38
boot in someone's heads. Right, I would
11:40
be, Bergi wasn't right to hit back
11:42
up at the boot, you know, that's
11:44
not how we do it here, yeah.
11:46
I read all those books as well.
11:48
But we can learn from anywhere though,
11:50
you can learn, but yeah, it's, it's
11:52
the style, it's not. but I think
11:54
you know going back to that sort
11:57
of boarding school thing and stuff like
11:59
that is that like you conflict your
12:01
conflict a bit and then you sort
12:03
of learn how to manage upwards and
12:05
learn how to work and so you
12:07
know I was 32 when I left
12:09
this industry and set up in my
12:11
own but I always treat myself as
12:13
an employee I don't think of myself
12:15
as an entrepreneur and uh... Even now?
12:17
Yeah. Really? Yeah. Who surprises me how
12:19
often I hear that? Why? I have
12:21
a salary, I have responsibility and I
12:23
don't want to act like an entrepreneur,
12:25
I don't want to think like exiting,
12:28
I don't want to think like fundraising,
12:30
I don't want to think like pivoting,
12:32
I can be an entrepreneur, I created
12:34
social media departments for mine share in
12:36
Middle East North Africa, I hired 40
12:38
trilingual graduates in Beirut, and I created
12:40
a social media department from 2012-2015 2015.
12:42
profitable, CFO loved it. The reason I
12:44
ever left any company is because they
12:46
weren't as ambitious as me, you know,
12:48
like Cybercom wouldn't open a social media
12:50
department, so I went to We Are
12:52
Social, which became the biggest social agency
12:54
in the world in London. In London,
12:57
when I went to MEC, part of
12:59
that mine share group, I'm thingy, the
13:01
reason I left was because they wouldn't
13:03
make me social media direct. My bosses
13:05
were, I was 28. promote me fast
13:07
enough so I got social media director
13:09
job here and then and then they
13:11
wouldn't create a branded content department or
13:13
an influencer department so it's like I'll
13:15
go and do it somewhere else this
13:17
sounds like you're just born to be
13:19
an entrepreneur maybe I don't call it
13:21
or stuff but everything you're describing like
13:23
the like the speed you want to
13:26
execute at the vision you have like
13:28
the the action you want to take
13:30
like the urgency you's dripping out of
13:32
you's dripping out of you's dripping out
13:34
of you's dripping out of you's dripping
13:36
out of you's dripping can't do well
13:38
in a corporate world as well, right?
13:40
I want to list the company. I
13:42
want to, you know, we share all
13:44
our... numbers like I'm not trying to
13:46
flip things like I invest I have
13:48
a 50 fund on the side but
13:50
I'm trying to build something. Oh that
13:52
time. I saw that like that I
13:55
was like I like that. They knew
13:57
Augustus. So what what project here I
13:59
guess? What were you in London? You
14:01
were consensual. What was here the next
14:03
move? Not necessarily Gary like I had
14:05
a I had long hair. I was
14:07
a mini shortage. I have a fixed
14:09
gear bike back then. I liked London.
14:11
I moved to be involved in a
14:13
city. and it was leading up to
14:15
Olympics and I thought it's going to
14:17
especially different you know but I left
14:19
a month before the Olympics I hear
14:21
like yeah I missed the whole crack
14:24
because I got offered a job as
14:26
social media director in Dubai and it
14:28
was on double salary in tax-free oh
14:30
well I think I think I got
14:32
up to I wasn't paid well in
14:34
those years I started in Dublin on
14:36
20, 23,000 euro in and when people
14:38
you know in 2006 I moved to
14:40
London, I took a pay cut to
14:42
go to London when everyone was staying
14:44
during that recession. I went on 20,000
14:46
sterling in London when I was 25.
14:48
I got up to like 28 when
14:50
I went to MEC and then 33,000
14:52
sterling and here they offered me, I
14:55
think like between 2012 and 2015, like
14:57
I was taking in 10,000 dollars a
14:59
month tax-free. then I thought more at
15:01
the end like they promoted me fast
15:03
I became such me the director then
15:05
region such me the director I was
15:07
putting into 12 MDs across the region
15:09
and CEO you know and that was
15:11
that and then but the other reason
15:13
was like it was exciting you know
15:15
especially when I landed had we been
15:17
here before no I flew true Abu
15:19
Dhabi once so I'd never been here
15:21
I just rocked up I rocked up
15:24
it was just like job before did
15:26
you take job before you come out
15:28
took the job. They wanted to meet,
15:30
I was in London in April and
15:32
signed, they wanted me in a month
15:34
and I was like, look, I'll come
15:36
on second in June. I landed on
15:38
the Friday and back then the weekends
15:40
were Friday, Saturday. I walked into the
15:42
office on the 3rd of June 2012
15:44
and I stayed in the hotel for
15:46
a month and for 100 days I
15:48
didn't leave the office and I did
15:50
33 pitches in under days and I
15:53
basically built a social media markman out
15:55
of nothing. I was so indeterminate because
15:57
when I moved from Dublin to London
15:59
I lost my job in seven months.
16:01
I bought a bike and went to
16:03
every football game, every art gallery. and
16:05
I was like I'm not making this
16:07
mistake again so I was coming over
16:09
here I got all those 100-day books
16:11
and I was like I did interviews
16:13
with everyone across the I was speaking
16:15
to MDs in in Iraq in North
16:17
Africa in Tunis I was like what
16:19
was your what was your goal 100
16:22
days what you want to achieve? set
16:24
up a social media department get business
16:26
build a revenue stream I wanted to
16:28
prove that you could make a business
16:30
out of social media community management. In
16:32
MEC in London they were giving it
16:34
away for free. They were making so
16:36
much money from buying TV ads and
16:38
outdoor. Okay, they were doing social as
16:40
out of value and I wanted to
16:42
do the unit economics and the margins
16:44
on community management. Capate odds were coming
16:46
but wasn't really there. Like the whole
16:48
Facebook thing was only really kicking in
16:51
and they were about four years behind
16:53
like we are associated with setting up
16:55
social media department in 2012, you know?
16:57
I was wild to think how that's
16:59
not long ago. No. like this is
17:01
really interesting getting into this into this
17:03
with you because like it's such an
17:05
evolving space like that's not that long
17:07
ago to think that this wasn't really
17:09
a thing we were the first agency
17:11
in the world to set up a
17:13
Facebook page for HSBC and it took
17:15
three years to do it because of
17:17
the sanctions Syria and all this sort
17:20
of stuff. The compliance was mad but
17:22
like other things we'd set up like
17:24
Nissan Middle East like we'd set up
17:26
all that stuff they didn't have Instagram
17:28
they didn't on Facebook like barely and
17:30
yeah so that was the goal to
17:32
establish that and you know at the
17:34
end of that I was sort of
17:36
a little bit restless but when I
17:38
was here in those years I didn't
17:40
really see Dubai like I was in
17:42
Beirut in... in Egypt, in Jordan, I
17:44
was around us. So your job was
17:46
all over the region. So you came
17:48
into the buy, but your job was
17:51
to build a social environment for the
17:53
whole region. They had 12 countries, yeah.
17:55
They had 12 our 13 offices covering
17:57
what we call Mina, Middle East, North
17:59
Africa. It was interesting later years with
18:01
Eminem, Neil from Kuchin, and those guys
18:03
who bought Love and Dublin, trying to
18:05
negotiate with them about this region. You
18:07
know, when I was signing what we
18:09
called a license IP and brand-off, off
18:11
them. I was trying to tell them
18:13
that like you know Morocco is ours
18:15
they're like we go on holiday there
18:17
sorry it's kind of more Europe you
18:20
know I was like no but I
18:22
really this what it is right truly
18:24
it's covered under like some sort of
18:26
like yeah really defined it well well
18:28
well I mean not just then but
18:30
like is it defined like it's turkey
18:32
like because people say mean ass me
18:34
now with tea with turkey and different
18:36
you know with tea with turkey and
18:38
different global brands global brands break up
18:40
the regions in different ways. Really? Yeah,
18:42
like, I thought it was a standard
18:44
thing. Okay, not necessarily, like some people
18:46
do, some people do this region out
18:49
of Europe. Yeah. So, E-M-E-A, I mean,
18:51
here are those titles, so that's Europe,
18:53
Middle East and Africa, but some other
18:55
people might do it out of Singapore
18:57
and Asia, you know, and we didn't
18:59
get Turkey in our little bundle of
19:01
16 countries. I was going for, you
19:03
know, like, like, like, like, like, like,
19:05
we're trying to do. But yeah, so,
19:07
so, so, but after the three years
19:09
of doing social media for mine share,
19:11
I was restless. Sounds like you just
19:13
are restless as a person. It sounds
19:15
like you were just like we've covered
19:18
so much. We're like what, 15 minutes
19:20
in. So, at what point then did
19:22
you think right going to do this
19:24
for myself? Over the years, I would
19:26
meet with people and I would say,
19:28
hey, you'll be my partner with social
19:30
media agency and I thought you had
19:32
to have some fresh idea to serve
19:34
a social media agency. I was thinking
19:36
real-time agency and things like that and
19:38
I never set it up. And I
19:40
would get restless at night and stuff
19:42
like that. Like, you know, self-actualisation, like,
19:44
am I doing the right thing or
19:47
whatever? And equally I was thinking, am
19:49
I career climbing at WPP? Will I
19:51
get to know Sir Martin Sorelmore and
19:53
blah blah blah, all that sort of
19:55
stuff? So I might go in the
19:57
corporate ladder or will I go and
19:59
do something? So I didn't really know.
20:01
and I remember flying back from baby
20:03
with I just flew down I had
20:05
to deal with some stuff I had
20:07
to fire someone actually on that trip
20:09
and I maybe been back on the
20:11
flight writing as a business plan as
20:13
a pitch to a guy who had
20:15
a tech bot app who was one
20:18
of our clients here so we used
20:20
to run like Twitter campaigns for Nissan
20:22
Infinity and they would do the also
20:24
trigger reply as like a design image
20:26
to the users or whatever and they
20:28
were building that software. So he'd raised
20:30
some cash and I pitched him to
20:32
BMD and he gave me the job,
20:34
right? And I had three months to
20:36
get out of that. They didn't put
20:38
me on gardening leave but I had
20:40
to spend three months working in the
20:42
summer of 2015. And at the same
20:44
time I messaged Nile Harbison in Dublin
20:47
who'd been doing loving Dublin for about
20:49
2012. I go, Nile, this is cool,
20:51
what are you doing with it? It
20:53
goes funny you say, I just met
20:55
with her. and we're going to do
20:57
a franchise thing. I'm like, cool. Like,
20:59
ChatGPD wasn't around at the time, but
21:01
coupled together a 10-year area developer agreement.
21:03
And so in September I'm wearing two
21:05
hats. I'm MD of Branster, it was
21:07
called, a social tech software, that's since
21:09
One Plus or shut down and whatever.
21:11
And then I'm also the owner of
21:13
Love in Dubai, which hadn't launched. and
21:16
I registered Augustus Media, I hired an
21:18
editor from a big magazine here like
21:20
Styleist, like ITP, all that stuff, and
21:22
I hired one social salesperson and I
21:24
got, I had 20 grand, my brother
21:26
gave me 20 grand and a few
21:28
months in, and a few months in
21:30
it wasn't making money and I was
21:32
stressed out because I was MD trying
21:34
to go start up at weekends, trying
21:36
to force. Bring me back though to
21:38
the, you'd spotted love and up and
21:40
bobbling up at the time, I did,
21:42
yeah. You'd kind of keep an eye
21:45
on the scene at the scene at
21:47
the scene at home, and you were
21:49
like, and you were like, and you
21:51
were like, and you were like, I
21:53
in the scene at the scene at
21:55
home, and you were like. Why did
21:57
you go the licensing route as opposed
21:59
to setting something up yourself? I don't
22:01
know. I think, you know, back then,
22:03
like podcasting, like Tik-Dok, back then blogging
22:05
was really big, like 2010-2012, but every
22:07
blog looked like a blog. Love in
22:09
Dublin didn't look like a blog. It
22:11
looked like a media company, and it's
22:14
really hard to nail it. And it's
22:16
part art, part, part science. part like
22:18
magic. I think about it, I'm obsessed
22:20
about this all the time. It's true,
22:22
I like how you do that with
22:24
your finger, people who've got listening, but
22:26
like it is, it's like a lovely
22:28
restaurant or whatever, and when you see
22:30
something that has that, Shenaseh, qua, whatever.
22:32
So when you walk into a beautiful
22:34
hotel, I always love hotel lobby to
22:36
walk in and I'm like, ah, yeah.
22:38
It's really luxury, but you feel comfortable.
22:40
Yeah, that magic feeling. Yeah, that's right.
22:42
See a beautiful brand or something like,
22:45
that's the feeling. Yeah, and you go,
22:47
oh, I'll do that. And you go,
22:49
no, it's hard. So, so we paid
22:51
for that. And we paid, I think
22:53
we were paying like 20 or 40
22:55
grand a year eventually. And it became,
22:57
I think we were paying like 20
22:59
or 40 grand a year eventually. And
23:01
it became, it became, like 20 or
23:03
40, or 40 grand a grand year,
23:05
eventually, eventually, eventually, eventually, or 40 grand
23:07
year, eventually, eventually, eventually, or 40 grand
23:09
year, eventually, eventually, eventually, or 20 grand
23:11
year, eventually, eventually, eventually, or. That was
23:14
the only thing people read all day.
23:16
So the island parents smashed it, like
23:18
he created that, but I mean, down
23:20
here, he wouldn't. No, no one knew
23:22
it. And also, also media isn't necessarily
23:24
like McDonald's, like what size straw to
23:26
use and stuff like that. So it's
23:28
not a natural, like what size straw
23:30
to use and stuff like that. So
23:32
it's not a natural franchise, although they
23:34
pay it like, they pay a franchise
23:36
fee. But we needed to localize it.
23:38
So I had the brand. I had
23:40
a brand that no one knew right
23:43
but I had to I had to
23:45
build the brand I love and Dubai
23:47
brand and that's why I choose that
23:49
like and it just it's like startup
23:51
it's just one less thing to worry
23:53
about at the start but I had
23:55
no business and from month one we
23:57
nailed it like we I was doing
23:59
a blog in London 52 burrito days,
24:01
whole of this story, but I was
24:03
doing like 5,000 page views a month,
24:05
like one two burrito days, yeah. Yeah,
24:07
I want to supply, I basically dated
24:09
a different girl every week for a
24:12
year, and it became really big in
24:14
London at the time, like BBC, the
24:16
Metro, all that stuff. I wanted to
24:18
at Chalango, a burrito chain in London,
24:20
at a Twitter festival in 2010, and
24:22
I did it in the evenings, and
24:24
I just, they requested a different girl
24:26
every week and wrote about it. That
24:28
is wild. Still on the love? You
24:30
still aren't going to have to read
24:32
that. That sounds like a good read.
24:34
So like, you clearly had this idea,
24:36
this restlessness. So then, love in Dubai,
24:38
what was your vision? Like, what was
24:41
your plan? Because I think, and I
24:43
asked this every single time, and I
24:45
labor on this point, on the part,
24:47
and I make a point of calling
24:49
it out every single time, zero to
24:51
one, because I want one person listening
24:53
to start a business out for listening
24:55
to you, or listening to you, and
24:57
the next to you, explain why you
24:59
did it like what was the process
25:01
of going from zero to one you
25:03
bought the franchise and then what I
25:05
think I wanted to set up a
25:07
social media agency or social media thing
25:09
and this became it right and instead
25:12
of being an agency became a media
25:14
company and I was just restless to
25:16
do something and that was it you
25:18
know how I did it I got
25:20
a license I hired people and I
25:22
grow hacked the shit out of it
25:24
like I literally published 14 hours a
25:26
day typos galore like all over the
25:28
place and I just did publishing in
25:30
digital in a way where no one
25:32
had seen here before. We did transgender
25:34
stuff stock in airports when Stephen Gerard
25:36
was drunk dancing in the thing when
25:38
Bieber was in Brasti. We were public
25:41
when the shake walks into the restaurant
25:43
we were publishing like they didn't know
25:45
what had happened. We just published time
25:47
out and what's on magazines and digital
25:49
here. We're doing 10 posts on Facebook
25:51
a week We did we did 14
25:53
a day from day one just hit
25:55
with value. Yeah, you were like we
25:57
were gonna hit this with such volume.
25:59
I was so obsessed, relentless with it.
26:01
Like I remember, like I had to
26:03
rent out a spare room in my
26:05
apartment, I didn't know cash, like, talk
26:07
about the money thing, a year into
26:10
it, we had no clients, and I
26:12
was like, this is going to be
26:14
easy, I'll just sell to the agencies.
26:16
But even though we built an audience,
26:18
they didn't buy it. Why? I think
26:20
you need to, we're publishing, you need
26:22
to build credibility first, and audience isn't
26:24
enough, per se, per se for the
26:26
big brands. Which is while considering for
26:28
the big brands, which is while considering
26:30
your background, which is while considering your
26:32
background, You'd been on the other side
26:34
of the fence, that's why I was
26:36
so interested to see, you probably had
26:39
all the clients, you just turned it
26:41
on. I had all the time, I
26:43
was so sure of it there, I
26:45
was so sure if I have an
26:47
audience I'll be able to sell and
26:49
I couldn't. And then I had to
26:51
start selling equity and that's where it
26:53
got dicey because I was giving away
26:55
5% and 10% for like 40, we
26:57
were down, I still have 75% in
26:59
the first year. And then we rolled
27:01
them all up to the parent group
27:03
now. We're now in 22 countries, 11,
27:05
and 22 cities, sorry, we're in 11
27:08
countries, and we have a streaming service,
27:10
and we have ODM and an agency,
27:12
you know, with 110 employees, we did
27:14
$12 million in gross revenue last year,
27:16
this year we'll do 15 in shot.
27:18
And your dollars, your dollars, yeah. And
27:20
accepting a pandemic year, we do 20,
27:22
25% debit every year, dividends, reinvest, grow,
27:24
with 50 people in Egypt. 50. 20
27:26
in Saudi, first foreign owned company in
27:28
Saudi Arabia, I fully own it, media
27:30
license, regulators, like mad stories, or tell
27:32
you. 2016 to 2005. That's a big...
27:34
Yeah, we've got a lot to cover.
27:36
Yeah, 25... We've got a lot to
27:39
get through here. Yeah, yeah. I'll go
27:41
fast. Very good. Well, I think that's
27:43
your nature, but like, with loads time.
27:45
Bring me back to the 2016, so
27:47
year one, tough. grinding out you were
27:49
just relentlessly volume volume volume when did
27:51
you get first line I think well
27:53
actually good good question because my first
27:55
client wasn't on love in Dubai my
27:57
first client was a social media retainer.
27:59
$50,000 was about $10,000, $12,000 a month
28:01
because that's what I knew. So I
28:03
went back to pitching Infinity Middle East,
28:05
which is part of the Nissan group,
28:08
and I had a few malls here
28:10
and I hired social media execs separate.
28:12
So I was doing two things. I
28:14
was like, I broke out of the
28:16
MD thing by first of May 2016,
28:18
because Love and Dubai has quarterly page
28:20
views or whatever. And then by the
28:22
end of 2016, when I was doing
28:24
editor full-time, I started selling restaurant packages
28:26
for about $2,000 over a few months,
28:28
articles, which did a lot of sponsored
28:30
articles back then. Okay, like 3,000 page
28:32
views. for a thousand dollars or whatever.
28:34
We did a lot of sponsored articles.
28:37
That was our main branded content unit.
28:39
Before now we're in reals and tic-tocks
28:41
and videos and lives and Instagram stories,
28:43
takeovers and stuff. But back then our
28:45
native-viewed it was articles onto Facebook. We
28:47
were huge. We got two million fans
28:49
and Facebook quite quickly. We're now at
28:51
one point in day, obviously it tailored
28:53
off a bit. But one of the
28:55
other tricks then was end of 2016,
28:57
I'm sending to restaurants, I'm sending to
28:59
restaurants, We didn't see but getting the
29:01
guaranteed coverage thing. We were always guaranteed
29:03
the page views. So we wouldn't say
29:06
coverage. We'd say, here's your article, here's
29:08
your link, pre-approve it, publish it. So
29:10
here we didn't do reviews. Love and
29:12
Dublin did, we didn't. What did you
29:14
do? We did click bait stuff, we
29:16
did curated viral stuff. And the influencer
29:18
does this, someone falls, someone says this,
29:20
we call them rip shares, videos like
29:22
the Bible, like we would just take
29:24
videos, brand it, tell a bit more
29:26
story and just put it off. You
29:28
have a context, but even in 2025,
29:30
that's now huge again. We still do
29:32
that. The oldest new, like this whole
29:35
thing of like, you'll never guess what
29:37
Richard did. He was on his podcast,
29:39
probably, here it is, like, it's just...
29:41
That's all it is new. The curation
29:43
thing on Tikak is very interesting. So
29:45
true, yeah, yeah. And that was the
29:47
model, that was the fast type of
29:49
thing. That was the content. Plus real
29:51
news. real news like breaking government stuff
29:53
like shouldn't the pandemic like people wanted
29:55
to know what's going on and like
29:57
there's a lot of immigrants who move
29:59
here and people want to know what's
30:01
going on so like and they became
30:04
to rely on love in Dubai they
30:06
trusted us we were first we were
30:08
fast we have 15-minute approval rules like
30:10
we're trying to get stuff like you
30:12
put you put a headline in if
30:14
no one disagrees with it goes out
30:16
15-minute rules And the journalists that put
30:18
in the story go to an editor
30:20
or someone to approve, bang. Yeah. Yeah.
30:22
And if you don't get approval, it
30:24
goes off. And you have to teach
30:26
the editor, you have to teach the
30:28
writers to curate, to pick, to package,
30:30
to distribute. And you empower them to
30:32
do all that. And you protect them.
30:35
And you try and let the, this
30:37
is why we don't hire freelancers. We
30:39
need people to retain the knowledge of
30:41
what's going to trigger people, what's going
30:43
to upset people, what's the comments, what's
30:45
legal, what's defamation, all that stuff. That's
30:47
a good insight actually because I was
30:49
actually wondering so you do you you
30:51
staff people so then they build up
30:53
that knowledge bank of going this is
30:55
the loving way. Yeah exactly. How did
30:57
you grow so bring me back to
30:59
like where you hired your first couple
31:01
people? How did you grow then to
31:04
like obviously you've grown exponentially but like
31:06
how did you grow the first couple
31:08
of the first couple of years? There
31:10
was one thing that we did, there
31:12
was a newspaper here called Seven Days,
31:14
a bit like, what was the one
31:16
in Dublin, Metro Metro, at least I
31:18
was, yeah, our, I was two with
31:20
them, yeah, our daily mail or whatever,
31:22
and they were free in all the
31:24
buildings, like you know, if you live
31:26
in Dubai, you usually you might rent
31:28
in a high tower, you go you
31:30
go down in the morning, if you're
31:33
not driving, you pick up what was
31:35
called a Metro newspaper and you're a,
31:37
that shift to print as well from
31:39
digital that weren't on it and I
31:41
contacted the CEO and I'm like I'll
31:43
buy your Twitter account and he's like
31:45
and in the end I don't think
31:47
he really knew he's like here are
31:49
the log-ins for our Facebook or Twitter
31:51
because I dealt with so many issues
31:53
of Facebook not letting us change names
31:55
like I remember Henkel like Wilkinson's sort
31:57
they just wouldn't let us change names
31:59
so I'm like I'm never going to
32:02
be able to change the name of
32:04
the Instagram page and the Facebook page
32:06
of seven days u. So I didn't
32:08
offer him for that and in the
32:10
end he goes 20 grand and it's
32:12
a load of money to us back
32:14
then load him on it. What are
32:16
we going to do with them? Murch
32:18
them, we love them to buy. But
32:20
you were going to try change the
32:22
name to a little bit. Okay. And
32:24
I still remember it as beautiful. I
32:26
was playing five-a-side football one night and
32:28
Seven Days UAE had 600,000 Facebook fans
32:31
with 200 and they had 40,000 Instagram
32:33
followers. So you're able to put the
32:35
page together really? Do you know how
32:37
it did it? This is 2017. I
32:39
got a letter from the CEO of
32:41
Seven Days saying we're shutting down, people
32:43
in the UAE subscribed to our page
32:45
to receive news. They no longer receive
32:47
local news. I endorsed Love and Dubai
32:49
to provide local news to our followers
32:51
and Facebook at the time in Dublin
32:53
and I saw the fans talking up
32:55
every hour. It wasn't one slick, it
32:57
was over a 12-hour period overnight. I
32:59
woke up the next day and we
33:02
had 800,000 Facebook fans from 200. We
33:04
had 60,000 Instagram followers, we now, 1.4
33:06
million, but I'm loving to buy alone,
33:08
like I think like 15 million over
33:10
a world, but we have 20, we
33:12
had 20, 20, right? And then I
33:14
got KG Harvey who runs a comms
33:16
agency here, asks her for a favor,
33:18
she pushed this out as a PR
33:20
everywhere. So we, so it would say,
33:22
how did you just, uh, loving to
33:24
buy a choir is seven days, seven
33:26
days, such to meet assets. And everyone
33:28
read this and gone like, oh my
33:31
God, how did they do that? And
33:33
then so, as someone who's, who's trying
33:35
to grow like social accounts and stuff,
33:37
test sheet. But you know what happened,
33:39
right? We went from 700,000 page views,
33:41
like this is a year and a
33:43
half of growth hacking, and they were
33:45
at about 500, and we didn't buy
33:47
their SEO domain, we bought the social
33:49
profiles. So we went from 700,000 page
33:51
views in December 2016, we crossed... into
33:53
a million because of this in Jan.
33:55
By June 2017, we did 2.9 million
33:57
page views. We did 23 articles on
34:00
the 50 June June, the Qatar blockade,
34:02
a big story in the region, and
34:04
then another viral article, Riana was dating
34:06
some Saudi guy. And we got huge,
34:08
we got 2.9 million page views that
34:10
month, all on the back of that
34:12
sort of extra social followers. And so
34:14
you credit been able to transfer them
34:16
across from social, you were able to
34:18
directly see. brought this in and they
34:20
were able to directly see the pageries.
34:22
It was for Facebook. It's Facebook, yeah.
34:24
Really. And then that kicked on the
34:26
brand and that gave us, going back
34:29
to the credibility part, you know, like,
34:31
Nyle had, um, had, you know, rugby
34:33
captain as his chief friend, like he
34:35
got credibility earlier by doing tricks, like,
34:37
how do you get credibility as a
34:39
brand? How do you get credibility as
34:41
a brand? How do you get the
34:43
big guest on? How do you do
34:45
this? Like, what is credibility? And I
34:47
realized I didn't need it. credibility was
34:49
buying seven days that made me a
34:51
newspaper you know without having framed probably
34:53
in people's heads what you were you're
34:55
like oh it's not just this it's
34:58
hmm that's genius it worked and I
35:00
always look for credibility I'll always look
35:02
for you know what gives it's a
35:04
big credibility I'll always look for you
35:06
know what gives is it a big
35:08
guest is it marketing is it buying
35:10
a billboard is it something you need
35:12
behavior you need people to wake up
35:14
in the morning and go what did
35:16
love and buy say about that as
35:18
well and that's from product But that's
35:20
from like you're having people online at
35:22
the right time knowing how to do
35:24
the right story. Like I remember this
35:26
plane crashes, like there was an Emirates
35:29
plane crash and we had half a
35:31
million page views from one article because
35:33
we were number one on Reddit and
35:35
in the US. It was all extra
35:37
on traffic but like just having the
35:39
team to know how to publish. To
35:41
use the word safely, the word safely
35:43
to disembark, that Emirates Corpcom's team were
35:45
so aggressive on instead of like evacuating
35:47
crash. Like it's all these words, it's
35:49
all this calm stuff. Is it tricky
35:51
to operate in the Middle East as
35:53
a restrictions? Yeah, you know, I love
35:55
this question and I hate it for
35:58
a foreign audience because the West will
36:00
never get us, you know, that we're
36:02
brought up even in Ireland. in the
36:04
media world, related to the First Amendment
36:06
of a constitution for a country of
36:08
a few hundred million people in the
36:10
18th century. Like we think of freedom
36:12
of speech as media, that's what we
36:14
think, and we don't understand anything else.
36:16
So I don't want to, that's why
36:18
I say here, because I don't want
36:20
to explain anything else, but I see
36:22
the benefits of it, I see no
36:24
phone hacking, I see no Caroline flag
36:27
committing suicide because of... media stuff, I
36:29
see no Princess Diana Paparazzi stuff, I
36:31
see none of this stuff here, right?
36:33
And people will say different stuff, but
36:35
I like it, and we have simple
36:37
rules, no profit, peace be upon him,
36:39
no leadership, and no defamation. So don't
36:41
go out there and say Gary's bad
36:43
his job. Who am I to deprive
36:45
you of the chance of earning a
36:47
living? So we don't do it. Okay,
36:49
that's really interesting. So I think traditional
36:51
media is in deep, deep, deep trouble.
36:53
traditional media trust is gone. It's gone.
36:56
It's actually like, it's over, isn't it?
36:58
Like, it was tumbling for a very
37:00
long time. It was tumbling. That's when
37:02
I came here, I asked, I was
37:04
like, this is the future media. I
37:06
literally walked in, got in the phone
37:08
last night, I was like, this is
37:10
the future media. I literally walked in,
37:12
gone the phone last night to Ben,
37:14
I was like, wait for the phone
37:16
last night to Ben, I think this.
37:18
I think this is it. I think
37:20
about you guys as it is the
37:22
future media. But it's both right, it's
37:25
these two together and it's us doing
37:27
social, it's us doing the clips, this
37:29
will go out, the clips, I do
37:31
a couple of million views. That's insane.
37:33
Like we do what, 12, 13 million
37:35
views last year in social, like that's
37:37
a lot for one person, I've got
37:39
a team around me, but like, when
37:41
you think of that reach, but then
37:43
I look at traditional media. like RTE,
37:45
Irish Times, like it's gone. Like it's
37:47
going, going gone. Like after COVID it
37:49
was just like bang. People like don't
37:51
trust any RTE says, they don't trust
37:53
any RTE says, they don't trust any
37:56
RTE says, they don't trust any RTE
37:58
says, which is a problem. It's a
38:00
trust probably, it's also a business model.
38:02
The traditional media problem has been going
38:04
for a long time, like they just
38:06
can figure out how to make it,
38:08
yeah. That's the only one he kind
38:10
of trust to go there actually. Everyone's
38:12
got an angle. And now everyone in
38:14
the public knows this. Every knows there's
38:16
an angle. They knows there's like censorship
38:18
of some form of another. And I
38:20
think that's going to your last question
38:22
about is it hard here? I think
38:25
media needs to be up front about
38:27
their angle. Like it's in the name.
38:29
That wasn't brought by. Like we're positive
38:31
about where we're from. And when we
38:33
hired journalists in Baghdad or Gaza or
38:35
Gaza or Cairo, we want them to
38:37
defend that city that city. Right, and
38:39
the same with like smashy business, wants
38:41
to be the young person's Bloomberg, it
38:43
wants to, it's the tagline is for
38:45
the driven, the dreamers, the doers, like
38:47
the angle is there, I call it
38:49
a media lens, we don't have to,
38:51
we're not impartial, we're pro. Like we're
38:54
positive, like we had a journalist here
38:56
once who wanted to do all the
38:58
sort of like investigative journalists about business.
39:00
I'm like cool, there's a place for
39:02
it. There's a place for it and
39:04
there's also a place for it on
39:06
Smashie, but actually if someone raises money
39:08
or someone tells the story on your
39:10
entrepreneur podcast, we're going to celebrate that.
39:12
Like what's wrong with inspiring stories, you
39:14
know? And that's all this podcast is.
39:16
I say to people, I'm like, no
39:18
prep needed, it's your And I am
39:20
pro, I do not go after people,
39:23
I do not clip things to make
39:25
people look bad. This is pro business,
39:27
this is to support, celebrate you, but
39:29
also, as I said earlier, to inspire
39:31
one person to start something. There's enough
39:33
negativity in the world. There's enough people
39:35
going after people. I don't want any
39:37
part of that. Zero. I don't want
39:39
to spend my life doing things like
39:41
that. I want to be a net
39:43
positive to the world. world and like
39:45
I think there's a lot of place
39:47
for that you interpret it how you
39:49
want you make your own you get
39:52
your media from here here and here
39:54
you make a judgment on that that
39:56
there's enough people with negativity in the
39:58
world people bias towards negativity because it
40:00
sells media has biased towards negativity in
40:02
the media has biased towards negativity in
40:04
the complete ground direction. Now everything's negative.
40:06
That's true and there you said it
40:08
like it's okay to have an angle
40:10
you know then immediately after you have
40:12
to stand for something like you were
40:14
obviously very similar it's positive You have
40:16
to have an angle. And understand that
40:18
this is your audience. You can't be
40:20
for everybody. If you're everybody, you're for
40:23
Manila. And that's the problem with all
40:25
media is that they were used to
40:27
be for everybody. Everyone used to get
40:29
the same news and the same outlet.
40:31
Now you get your phone out. Any
40:33
bit of information in the world is
40:35
available to you now? I think the
40:37
problem is, like, if you think of
40:39
here, they have media offices in all
40:41
the Emirates to buy Abu Dhabi and
40:43
they have social media cans. So that's
40:45
like RT or whatever, like that's the
40:47
news, right? And you have a thing
40:49
called Wham, which is the National News
40:52
Agency. That can be Vanilla, that can
40:54
be news. But when it's state-sponsored, like
40:56
RTE is, or whatever, it can be
40:58
news, you know, but their challenges, like
41:00
how do you have an angle? Like
41:02
BBC is challenged as well for the
41:04
same reason. In this part of the
41:06
world, they think BBC has always been
41:08
biased, you know, but yeah, everyone has
41:10
different views on different views on different
41:12
views on different views on news. It's
41:14
fascinating though because media is still like
41:16
we were talking about before we came
41:18
on air like media is just it's
41:21
up in the air it's there for
41:23
grabs I think like you guys are
41:25
innovating in a lot different ways but
41:27
like just feels that there's a tipping
41:29
point now it feels like there's something
41:31
else happening that these new model is
41:33
coming for because it's taking a long
41:35
time right so bring me back then
41:37
to like 2017-2018 it's starting to grow
41:39
you've kind of hacked your way to
41:41
like a couple of min page trees
41:43
was there a moment for you're like
41:45
this is going to work this is
41:47
going to work I think you seem
41:50
like kind of guy you knew is
41:52
going to work from the start, but
41:54
was there a moment where you're like,
41:56
I think we're on some here? You
41:58
know, we were, since day one, we
42:00
run the business in the same way,
42:02
we do. I have the same three
42:04
board of directors. They get an email
42:06
in eight of the month with the
42:08
P&L. We have, where did they come
42:10
from? One from Syria, one from Jordan,
42:12
and one is my brother William in
42:14
San Francisco. But they're basically through old,
42:16
the first two are through work I
42:19
used to work here. people I knew
42:21
through the industry, they invested. So they're
42:23
kind of like investors as opposed to,
42:25
you know, they get dividends every day
42:27
or they look after their investment, but
42:29
they allow me to have that, is
42:31
it due diligence or that governance? They
42:33
give me that governance. I haven't missed
42:35
a board meeting, I haven't missed a
42:37
board report. in 10 years, like I
42:39
don't miss them, like I do four
42:41
every year, they get their annual report,
42:43
we do audits and all that sort
42:45
of stuff, even as we grow, like
42:47
we have to do audits in all
42:50
these countries, we have so much compliance,
42:52
we've enhanced legal counsel in Egypt, we're
42:54
getting bigger and bigger, you know, we
42:56
want to be in Afghanistan, we've licensed
42:58
in Pakistan, all this sort of stuff,
43:00
right? So, you know, what else do
43:02
we do on the reporting side of
43:04
things? Every month I send a first
43:06
report to all our staff, so everything
43:08
grows incrementally. Like, like I was managing
43:10
a social media team in Mindshare or
43:12
whatever, if I have three people in
43:14
my team, I will manage those team
43:16
and I will communicate to them. When
43:19
I started here, I started with emailing
43:21
three people, then five, then ten, and
43:23
we went from a co-working space with
43:25
three laptops. I remember leaving Branster and
43:27
going into Astrolabs and thinking, oh now,
43:29
now I need to look big here.
43:31
So I'll pay for the desks at
43:33
the back, right? And I think like
43:35
the desk at the back were $100
43:37
more than the free desks. People in
43:39
co-working spaces will know this stuff. And
43:41
I couldn't afford it after two months.
43:43
My head and hands walk back into
43:45
the cheap seats, right? Yeah, back to
43:48
the front. But I was like, okay.
43:50
After five visas I have to get
43:52
out of here because they only cop
43:54
you at five. Remember driving around J.L.T.
43:56
People know Dubai and looking at their
43:58
towers going when we could afford one
44:00
of those offices. So when we were
44:02
five people, we had to move into
44:04
a space that we could grow to
44:06
eight people. Then we got an office
44:08
in 2017, and by 2019 we moved
44:10
into a place that had 20 people,
44:12
and then eventually we moved in here,
44:14
but at the time we opened office
44:17
in Saturday and all that sort of
44:19
stuff. But going back to the question,
44:21
so like, I didn't, there was a
44:23
tipping point, but in 2017, we were
44:25
profitable. So 2016, that year I moved
44:27
in in the first, 2017 we were
44:29
profitable and we started paying dividends. And
44:31
it was just incremental from there. Like
44:33
I published the stats, like it goes
44:35
from $1 million to $2 million, to
44:37
$2 million, to 3 to 4 to
44:39
5 every year, 20-30% growth on average
44:41
every year. And we just make decisions
44:43
along the way. Like we just, it's
44:46
almost like a board game of risk
44:48
where you're like putting people into each
44:50
country, pulling back. This is the base,
44:52
protect the base, open the base, open
44:54
the Nabbabadabi. Last year, actually a year
44:56
and a half ago, and we did
44:58
half a million dollars, a bit more
45:00
overall, actually close to eight or nine
45:02
hundred thousand dollars gross if we do
45:04
rev share or transfer pricing. A lot
45:06
of that is from Dubai, but with
45:08
four people in an office in Abu
45:10
Dhabi, now I'm opening a branch of
45:12
Rassakima where the, you know, the gaming,
45:15
what do you call them, casinos, casinos
45:17
are up and yeah. So, so step
45:19
by step all the way, but I
45:21
don't think like... I don't think, even
45:23
now I'm not getting complacent, like, it's
45:25
been disrupted all the time by AI,
45:27
by creators and everything. Like I know
45:29
that we have a revenue number, but
45:31
equally our number isn't interesting to most
45:33
people. Our 12, 50 million dollars, private
45:35
equity don't look at that. You know,
45:37
so, you know, built such a big
45:39
business to employ so many people, but
45:41
like, yeah, they all looked like the,
45:43
what's the 100, like, what's going to
45:46
get to a billion? What's going to
45:48
get to a billion? And what's 25
45:50
or $30 million revenue? And like, you
45:52
know, and then the value, we've had
45:54
valuations over the years. I remember one
45:56
year we were, someone offered us $3
45:58
million for the business, and we were
46:00
doing three million, and I was like,
46:02
what? And then the next time someone
46:04
off, on a 12 million year, someone
46:06
offers 12 million, but they were kind
46:08
of going to offer a 6, of
46:10
which they would pay 3, and then
46:12
use your profits over the next few
46:15
years. But like in America, yeah, seller,
46:17
seller, seller, financing. Yeah, like, whatever, whatever.
46:19
And like, and then they would get
46:21
to 51 and kick you out in
46:23
three years. And I'm kind of like,
46:25
but we're doing 12 and we're doing
46:27
12 and we'll do 15 next year.
46:29
10x, whatever it is, there has to
46:31
be multiple. It can't be just for
46:33
like your rem. You're like, I can
46:35
just do nothing and still make the
46:37
same money. Whereas you're a driven guy,
46:39
you've got like the playbook now. And
46:41
also we bought out of the franchise,
46:44
so we don't, we know, we own
46:46
the IP here, we own Smashie, we
46:48
own everything. Okay. So we don't. When
46:50
did you buy it? They had decided.
46:52
that media wasn't for them, a really
46:54
nice guys, and they kind of tried
46:56
everything. They tried to merge us back
46:58
into Dublin and they sort of wanted
47:00
to sell off the assets and then
47:02
sell, and eventually they sold them to
47:04
Greencastle Media, and London is still going.
47:06
But we paved what would have been
47:08
our royalties for that year to get
47:10
out of the royalty thing, and it
47:13
would have become quite costly for us.
47:15
After five years, we would have had
47:17
to pay 5% of growth. and that
47:19
would have become quite costly because we
47:21
were doing it we're building up to
47:23
a couple million you know and each
47:25
city the reason we didn't expand so
47:27
fast is because each city instead of
47:29
20,000 dollars in the agreement that I
47:31
signed a five-year into a 10-year agreement
47:33
would have been $40,000. Oh wow. So
47:35
if I opened in the 22 cities
47:37
I would have had 22 by 40
47:39
plus 5% of gross and then in
47:42
10 years they could have flipped it
47:44
to someone else. Okay. So it made
47:46
no sense. Yeah and you know to
47:48
be fair like they didn't really buy
47:50
the IP in the region. They didn't
47:52
protect us. There was so much stuff.
47:54
that we were open because they didn't
47:56
grow the brand, neither had left and
47:58
they didn't grow into nationally in the
48:00
way, so we were kind of going,
48:02
hang on, like we're open here, someone
48:04
can just register loving in Saudi or
48:06
whatever. Okay, right, so you're exposed. Yeah,
48:08
and we needed to, we needed to
48:10
invest. We needed to invest in the
48:13
brand, we needed to do all that
48:15
sort of stuff. So it was an
48:17
amical deal and then it allowed us
48:19
to set up a lot of Facebook
48:21
pages and load the Instagram pages which
48:23
have now grown really big just by
48:25
having the freedom to, and we changed
48:27
the brand a little bit, you'll see
48:29
the Arabic on their loving, we kept
48:31
the same style of everything. So we
48:33
bought out of that and then and
48:35
it was a really good deal. It
48:37
was a really good move. And then
48:39
you've expanded like crazy. Bit by bit,
48:42
we tried at the time we put
48:44
up an incorporated JV partnership thing, we
48:46
thought we'd find someone like us, and
48:48
we thought we'd flip the model that
48:50
made it hard for us, so we'd
48:52
go, we won't charge you to punch
48:54
us, we'd give it for free, but
48:56
let us own, you do all the
48:58
work, and we'd own, uh, minority, 40%
49:00
of our business, and, in the end,
49:02
you have to, uh, put the money
49:04
in any way. People do it differently,
49:06
but we decided to do it ourselves.
49:08
So with Egypt and now like you
49:11
know in Levant region, so Levant here
49:13
is Syria, Jordan, Palestine. Iraq really and
49:15
Lebanon right so around there is known
49:17
as the Levant or Al Shams so
49:19
we don't have an office there but
49:21
we've two journalists in Gaza when I
49:23
said in Baghdad one in Beirut two
49:25
in Amman and we're doing Syria now
49:27
that hopefully in Charlotte that sanctions get
49:29
removed so so that area is remote
49:31
for us right everywhere else we have
49:33
an office per se and we have
49:35
full-time employees and by an office like
49:37
people say why do you have an
49:40
office? It's not necessarily an office, it's
49:42
more like you have a bank account,
49:44
you have a media licence. You know,
49:46
people will try and do remote working
49:48
stuff and you can. You can do
49:50
drop shipping and you can do all
49:52
that sort of stuff. But to be
49:54
the biggest media company in Syria or
49:56
Cairo, I can't do that from here.
49:58
I can have, loving Cairo is the
50:00
biggest account from here with remote workers,
50:02
but I can't be known on the
50:04
ground. I can't stand up when I'm
50:06
getting legal suits because I don't have
50:09
a licence. Right? So, going back to
50:11
the credibility and the legitimacy. And this
50:13
is a thing I don't think people
50:15
can value. Like, going back to the
50:17
gusts, this thing, the train tracks, building
50:19
the infrastructure across the region. No one
50:21
has the licenses we have. And I
50:23
can say that you're now protected, because
50:25
in media the killer is, you're only
50:27
as good as your last podcast. Because
50:29
I was explaining the model of someone
50:31
yesterday, he was an investor, and he's
50:33
like, explaining podcast, how's work? I was
50:35
like, it's going bad, it's going to
50:37
bad, you know, you know, you know,
50:40
you know, you know, you know, you
50:42
know, you know, you know, you know,
50:44
you know, you know, you know, you
50:46
know, you know, you know, you know,
50:48
you know, you know, you know, you
50:50
know, you know, you know, you know,
50:52
you know, you know, you know, you
50:54
know, you know, you know, you know,
50:56
you know, you know You know, when
50:58
I was in like, my mode is
51:00
really just myself going out and doing
51:02
it every single month, but like, you've
51:04
now built a motion. We have a
51:06
regulatory mode. Like in Saudi when we
51:09
had a regular issue and when we
51:11
solved it, I realized it's good that
51:13
they've renewed our license and they're watching
51:15
us. They're checking the comments. Did we
51:17
allow that? Did they not? For five
51:19
years there was nothing. And now that
51:21
they gave us a stop in the
51:23
wrist and go, hey, and we're like,
51:25
tell us what to do, how do
51:27
this, how do this, where's the line?
51:29
Yeah, and even people from the region
51:31
go, Rich, how do you get that
51:33
extra license? It's called GM or in
51:35
Saudi, it was called GCOM. How do
51:38
you get it? And now we have
51:40
it. We have it. Obviously, I have
51:42
it. We have it. Obviously, I have
51:44
to protect it every year. But we
51:46
have it. Obviously, I have to protect
51:48
it every month. How have you learned
51:50
this? by failing. Like, or honestly, like
51:52
I've changed colors and logos in Saudi
51:54
three, four times, like languages. I just
51:56
believe in the product can work locally.
51:58
People say, people, every idea, love and
52:00
work. because it's expots. No, it works
52:02
in Cairo, but Cairo is different to,
52:04
because they call it ABC class, like
52:07
Class A speaks English and others, so
52:09
we do a bit about there. In
52:11
Saudi we have Love in Saudi and
52:13
Green Bill Arby in Arabic and then
52:15
we have Love in Riyadh and English
52:17
and we do the red ones all
52:19
around the kingdom like Alula, Jedda, Shargi,
52:21
all these ones and it's maybe not
52:23
perfect but it's working, so... but it's
52:25
seven years and it's still like half
52:27
it's one-eighth of the size of UAE
52:29
business so market entry any entrepreneur market
52:31
entry is probably the hardest thing because
52:33
you think you've cracked it a restaurant
52:36
a brand like front it's the hardest
52:38
thing to get right all the time
52:40
but I hear it from Irish entrepreneurs
52:42
going to England so like for you
52:44
to go to all these different countries
52:46
with so many different nuances people have
52:48
said it to me like Philip from
52:50
therapy was like you know Gary Glasgow's
52:52
different to Leeds, the Manchester, Manchester's a
52:54
hell of a lot different than London.
52:56
So like, if they're, you know, starting
52:58
to go across like a 60 minute
53:00
flight, how, you've said by failing, like,
53:02
but it's ambitious, like, you really seem
53:04
to be very, very ambitious to grow
53:07
the brand as hard and as fast
53:09
as you can. Yeah, I don't know
53:11
about hard and fast, I don't think
53:13
it's zero sum, I actually see it
53:15
as 30, 40, 50 years, I don't,
53:17
I actually see it as 30, as
53:19
30, as 30, as 30, as 30,
53:21
as 30, as 30, as 30, as
53:23
30, as 30, as 30, as 30,
53:25
as 30, as 30, as 30, as
53:27
30, as 30, as 30, as 30,
53:29
as 30, as 30, as 30, as
53:31
30, as 30, as 30, as 30,
53:33
as 30, as 30, as 30, as
53:36
30, as 30, as 30, as 30,
53:38
as 30, as 30, But maybe over
53:40
that time you still need to go
53:42
hard and fast, you probably do. But
53:44
other things that we've learned is it's
53:46
local, so it has to be local.
53:48
We need people who know the city,
53:50
love the city, but there is a
53:52
playbook. Like there's, how do you do
53:54
love in Dubai and love in Ireland?
53:56
Like feck our strength girls thing, right?
53:58
That doesn't work here, right? You know,
54:00
but there are things that nostalgia works,
54:02
national brands, national heroes, people work, people
54:05
work, and... that type of stuff. Like
54:07
there's a crown prince in Dubai super
54:09
popular this crown prince and Saudi super
54:11
popular. There are actors and celebs and
54:13
Egypt who are super popular. There's national
54:15
airline carriers here. there, there, there, there's
54:17
nostalgia. If I tell you, you know,
54:19
what was the sweet or the dessert
54:21
that you remember, Christmas, growing up, you
54:23
always, you think of something. If I
54:25
say that sentence to people from Jordan,
54:27
from Lebanon, from Saudi, from Egypt, from
54:29
UAE, they all think of something else,
54:31
but the same. triggers the same emotion
54:34
so you need the journalist to package
54:36
that 13 chocolate bars you remember growing
54:38
up that works in 200 countries and
54:40
it's a different article in everyone. So
54:42
it's a psychology piece as well you've
54:44
understood the psychology of human nature. Emotely
54:46
you have to drive emotions. How do
54:48
you find these people? Because you've said
54:50
journalists there and actually caught my attention
54:52
because it's a totally different skill to
54:54
what we classically would have known as
54:56
journalism. I did a journalism master's, and
54:58
it was really funny, I did it
55:00
right at the end. I'm sorry I'm
55:03
good at this, yeah, okay. I would
55:05
have known, it's absolutely zero to do
55:07
with it, it's very funny, like nothing,
55:09
zero to do with it, because they
55:11
taught you the old journalism print, Marvel.
55:13
They did, but they did something else,
55:15
you finished the degree, and like, university
55:17
I think there's a lot to do
55:19
with that. And what happened? We still
55:21
hire journalists. But what we get is
55:23
someone who has that old model, but
55:25
they still are fact-checkers curious. They believe
55:27
in the discipline. But what we do
55:29
is we teach them how to curate.
55:31
I teach them how to go on
55:34
to Instagram Places when there's a concert
55:36
on to see the viral video of
55:38
the stories the night before. People go
55:40
to be average, we go down with
55:42
a mic, no we won't. We'll sit
55:44
back in, we'll take from the 30,000
55:46
phones that are there. Stop thinking like
55:48
you're important. You're not curate and then
55:50
once they have found the video that
55:52
choose that exciting thing Remember there was
55:54
one like Steve Ioki was in Dubai
55:56
and he shoved a cake in someone's
55:58
face. Remember that? Yeah, we go we
56:00
go we go get that not by
56:03
being there We go go get that
56:05
because I train them to where to
56:07
look how to look and then How
56:09
to package, package, and then how to
56:11
distribute in real time. That hook, that
56:13
headline is important. Choosing that image on
56:15
canvas, that emotion, that story, all that
56:17
stuff. That's really interesting, curation. And we
56:19
only hire journalists, really. And you still
56:21
hire journalists, yeah, in the traditional sense.
56:23
Yeah, but journalists who want to be
56:25
media personalities as such, as opposed to
56:27
creators. Yeah, I still hire journalists. And
56:29
I bring in interns from all the
56:32
journalists, universities, universities for a month for
56:34
three months. Wait until they graduate and
56:36
give them a job. Two, three years
56:38
later. And then, but we chance everything,
56:40
like, I don't worry too much about
56:42
hiring. If they have a good energy,
56:44
a good attitude, you know the way
56:46
some start-up podcasts say, I hear so
56:48
far fast, I don't, I hear fast,
56:50
far fast. You know, I love that,
56:52
I'm Blackman Rovers fan, and Mark Hughes,
56:54
when he was manager, he loves triling
56:56
players, what? I can't get rid of
56:58
them. The one yesterday. But like I'm
57:01
watching a lot of Saudi League these
57:03
days. But anyway, so he would trial
57:05
a player. He would put them in
57:07
training for a few months. And then,
57:09
and I love that, I love that
57:11
approach. And people, we always pay interns,
57:13
but people sort of look down an
57:15
internship. But I like testing young people.
57:17
I like putting people on camera early
57:19
in their career. We have a 20
57:21
year old here who were helping through
57:23
university because she's that good. You know,
57:25
it's that good, she's so bloody talented.
57:27
And I can see it, and like,
57:30
sure, there have been mistakes, and yes,
57:32
I've had legal fees, and we have
57:34
loads of issues and stuff, but it's
57:36
worth it. That's the price success, isn't
57:38
it? There's like, find the cost of
57:40
success and pay it. I find interesting
57:42
about the, almost like a... It's kind
57:44
of looked down on at home as
57:46
well as like people doing kind of
57:48
like you know practical skills they become
57:50
the carpenter or tradesman you don't sit
57:52
in a college for four years to
57:54
become a carpenter you do your you
57:56
do your apprenticeship. I think a lot
57:58
of businesses need to think like this
58:01
especially on entrepreneurs, you need to think
58:03
of like bringing people through apprenticeships. Because
58:05
you learn by doing. You don't learn
58:07
by, you don't become a good broadcaster
58:09
by reading the book by podcasting. You
58:12
learn by doing it. It's the same
58:14
with, definitely the same with journalism. Because
58:16
it's that thing, right? If you're listening,
58:18
I'm doing that thing, I'm doing that
58:21
thing, I'm doing that thing with my
58:23
fingers again, where I'm just rubbing
58:25
my fingers together, like this seems
58:27
relatively new, isn't? Three years, yeah,
58:29
12,000 square foot studio, we pay
58:32
about, what's 600,000 euros, that much
58:34
in rent a year, and it
58:36
costs us a million to fit
58:38
out from free cash for a
58:41
million dollars. Yeah, yeah, and people
58:43
will say, why build fancy studios
58:45
when you can do production? And
58:48
I get that, but you have
58:50
to look at what happens after you
58:52
do things. Does your revenue explode?
58:54
Is the space, you know, can
58:56
you think, can you hire more
58:58
people? Does it do this? Does
59:00
it create opportunities? And the answer is
59:02
yes. So we had an event here for
59:05
200 clients on Friday. You probably
59:07
see remnants of it. You know,
59:09
we paid $20,000 just to host that event
59:12
for a Ramadan event, but we had,
59:14
you know, heads of marketing at Nestle,
59:16
at Nestle, at Hilton, U.M. You know,
59:18
we had all these people here. no
59:20
small no small media companies doing this
59:23
but we want to be big and
59:25
we'll be 10 years this year we'll
59:27
do a big stunt for love in
59:29
Dubai and whatever but you know so
59:32
so that so we invest in the
59:34
studios I'll do this in Egypt I
59:36
have studios in Riyadh rest of places
59:38
kind of like co-working off a space
59:41
with studios but gradually will grow I
59:43
believe content is manufacturing I didn't hire
59:45
a back office in Egypt or India.
59:47
I hired journalists here and I treated
59:50
the unit economics about manufacturing within
59:52
the UAE because the UAE
59:54
is Rosweetland country and people
59:56
think made in China or
59:58
automotive parts in Germany. I manufactured
1:00:00
content here and I found the price
1:00:02
point, a business model that kept that
1:00:04
20% margin because I had to. I
1:00:06
didn't have investment, I had a franchise,
1:00:08
so I had to make money. and
1:00:10
I had to have that bank balance
1:00:12
every month. So I really, you know,
1:00:14
from the Bay Area experience in Mindshare,
1:00:16
I saw the pros and cons of
1:00:18
having to back office and content. Didn't
1:00:20
really work. Now we do our tech
1:00:22
in Egypt, but we keep the content
1:00:24
here and it allows me to have,
1:00:26
like one weekend last weekend, we did
1:00:28
17 shoots across the UAE, I was
1:00:30
saying off air before, we did 80
1:00:33
real shoots each month in... October, November,
1:00:35
December, and December. And because we hire
1:00:37
young journalists, creators, and we have a
1:00:39
client service team, and we book the
1:00:41
clients, and, you know, so that's why
1:00:43
we invested in the space and the
1:00:45
studios and things like that. Are there
1:00:47
mistakes? Maybe, like these studios aren't at
1:00:49
capacity, because it's in a Tiktok era,
1:00:51
but I'm okay with it because our
1:00:53
revenues growing and things like that. But
1:00:55
like, it allows us, you know, we
1:00:57
still, we look at, to be the modern media
1:00:59
media company across the company across the region,
1:01:01
We don't buy radio licenses for the sake
1:01:04
of it. Stick with digital, text audio, video
1:01:06
and build our own IP. And when you
1:01:08
think of text audio and video, we have
1:01:10
35 podcasts, but they're not like yours. They're
1:01:13
the 11 to buy show every day or
1:01:15
the 11 Bahrain show or the loving Muscat
1:01:17
show. Like if you go on and you
1:01:20
want to hear about Kuwait, you can go
1:01:22
on the 11 Kuwait show 10 minutes, one
1:01:24
journalist once a week. I will grow that.
1:01:26
I now have 1.3 million downloads a month
1:01:28
from podcast network from podcast
1:01:30
network. But without having one guest,
1:01:33
we have guests, but without like,
1:01:35
that's not the format. You're manufacturing.
1:01:37
Yeah, manufacture. And the same with
1:01:40
newsletters. We've 144,000 subscribers on newsletters,
1:01:42
but it's not a core business,
1:01:44
but I'm trying to build up
1:01:47
that first party thing. And then
1:01:49
with video, we have 250 social
1:01:51
media channels, with 50 on TikTok. You
1:01:54
know, 22 on 11 and 13 on
1:01:56
Smashi, plus a few of English and
1:01:58
Arabic and Arabic double up. So we
1:02:00
managed all those Instagram accounts and now
1:02:02
we're big into AI as well. How
1:02:04
is AI changing? Well, firstly, we
1:02:06
use AI cameras, a bit like
1:02:09
those same cameras Nickavaran and Jews,
1:02:11
but we use AI cameras to
1:02:13
do Futsal volleyball, Mahalmo and basketball
1:02:15
to broadcast live sports on a
1:02:17
smashy TV app at like $5
1:02:19
a month subscription. So we replaced
1:02:21
the OB truck, we were targeting
1:02:23
the legacy and combat TV stations,
1:02:26
the RT's of here. instead of
1:02:28
going after Netflix and the zone
1:02:30
and that stuff. And we're using
1:02:32
AI cameras for that. That's one.
1:02:34
Two is software that everyone has
1:02:36
access to. The big household names
1:02:38
now pretty much. Chatty, BT, SORA
1:02:41
and all that, but a lot
1:02:43
of others. What are you using
1:02:45
it for? Captions, automated highlights, cloning
1:02:47
voices, audio labs, for podcasts. You
1:02:49
can listen to a podcast today
1:02:51
that that we use AI for the
1:02:53
script and we use AI for the
1:02:56
voice and you wouldn't know. I think it's
1:02:58
wild isn't it? And we're embracing it.
1:03:00
I've said an internal target to get to
1:03:02
50% of our content but at the end
1:03:04
of the year to be facilitated by AI.
1:03:06
I want to, I want to, all those cities
1:03:08
that we don't have more content in, I
1:03:10
want to do it, but I don't want
1:03:12
to do it, most AI contents crap, but
1:03:14
it's moving so fast, I want to do
1:03:17
it in a way where it's doing it in
1:03:19
a way that's good. Yeah, you predict
1:03:21
my next question, because... We talked about
1:03:23
taste a lot and style. How do
1:03:25
you do AI but with the same
1:03:27
style that you guys have? Because obviously
1:03:29
your voice, your tone, you have that
1:03:31
feel. How do you use AI without losing
1:03:33
that? It's getting there, I mean not, you
1:03:36
don't do it fully like, but you're
1:03:38
getting there, it's getting there, it's getting
1:03:40
there, like it really is, now ChatGPT
1:03:42
and that stuff, no, and not everyone
1:03:45
knows the level that we're talking about,
1:03:47
like Mid Journey, SORA, like all these
1:03:49
other softwares, this world called Hayjan, which
1:03:52
does the cloning, audio labs is exploding,
1:03:54
audio labs I think is, it's a
1:03:56
unicorn already, it's raised 250 million dollars
1:03:58
in a year, like... There's all these
1:04:00
softwares explaining, I invest personally in some of
1:04:03
these softwares to keep an eye on it,
1:04:05
but it's just that acceleration of AI. I
1:04:07
don't want to be sitting here, Gary, and
1:04:09
letting AI our lunch. And I'm not afraid
1:04:12
of it either. I might be afraid of
1:04:14
Gen, of AGI, I might be afraid of
1:04:16
robots and that stuff, but for media I'm
1:04:19
not afraid of it. When color TV came
1:04:21
along. other people would have sold their animation
1:04:23
stuff. You know, when, you know, when, you
1:04:25
know, when technology disrupts media. Yeah. So we
1:04:28
need to, we need to embrace AI. And
1:04:30
we do it with investments. You know, this
1:04:32
is the thing, like we will, I was
1:04:34
so tight on software that I wouldn't let
1:04:37
people get a, like a Photoshop or license
1:04:39
extra or whatever. Now I opened up the
1:04:41
credit card. I'm like, last year was, we
1:04:43
tried 304040 softwares, you know, way more than
1:04:46
we would have ever spent on software. And
1:04:48
I'm like, guys, just go with it, just
1:04:50
run. It's very accessible now, though. Because you're
1:04:53
talking about $20 a month. I remember buying
1:04:55
Photoshop devices is grand. I was like, oh,
1:04:57
geez, a lot of money. Whereas now you
1:04:59
can just like go, yeah, let's try this
1:05:02
from up. Yeah. Three, you can just like
1:05:04
go. Yeah, let's try this. Yeah, let's try
1:05:06
this from up. Yeah, let's right. Yeah, let's
1:05:08
right. Yeah, let's like, let's right. Yeah, let's
1:05:11
right. Yeah, let's right. Yeah, let's right. Yeah,
1:05:13
let's right. Yeah, let's right. Yeah, let's right.
1:05:15
Yeah, let's right. Yeah, let's right. Yeah, let's
1:05:17
right. Yeah, let's right. Yeah, let's right. Yeah,
1:05:20
let's right. Yeah, let's right. Yeah, let's right.
1:05:22
Yeah, let's right. Yeah, let That's what it
1:05:24
is. High look and go right. It doesn't
1:05:27
replace me, but it speeds up my flow,
1:05:29
my process, like a lot of stuff you
1:05:31
do, media is repetitive. Every time you're doing
1:05:33
titles, tags, descriptions, you know, you're doing all
1:05:36
that repetitive work, whereas if you're aiding the
1:05:38
talent of journalists that you have, that's really
1:05:40
interesting. The Fitzy fund. What is that? Well,
1:05:42
it's nothing majorly legit, like it's, it's, I
1:05:45
started investing in... media tech stuff in the
1:05:47
emerging market when I basically I found a
1:05:49
podcast platform in Lebanon and I brought to
1:05:52
our board and like guys I think we
1:05:54
should invest in this and they're like that
1:05:56
sounds like more a rich thing like me
1:05:58
than an Augustus thing like cool okay I'm
1:06:01
gonna invest in it and then it kind
1:06:03
of went from there and then basically what
1:06:05
it's allowed me to do Gary is stay
1:06:07
disciplined on the sort of profitable growth of
1:06:10
Augustus without pivoting into tech and zuck and
1:06:12
distract from the court yeah so I then
1:06:14
grow Augustus as what it is and I
1:06:16
know the margins and I never tell someone,
1:06:19
hey, invest in VC and me, I'm going
1:06:21
to make a sass for podcasts or a
1:06:23
sass for new setters, and then... but I
1:06:26
know I need to scratch at age or
1:06:28
I know I see all this stuff so
1:06:30
I get dividends every year and I put
1:06:32
like you know 50 or 100K dollar tickets
1:06:35
into this stuff and then I was like
1:06:37
okay I've about seven or eight of them
1:06:39
or whatever and I set up 50 fund
1:06:41
and I see it as a 10 year
1:06:44
fund and if I get return on that
1:06:46
I'll then hire a private equity person or
1:06:48
a VC person I'll sit them in Abu
1:06:51
Dhabi and I'll try and raise money for
1:06:53
the second fund so I'll fund that maybe
1:06:55
with... I have an idea of like a
1:06:57
million or so over 10 years and like
1:07:00
what like say say seven or eight of
1:07:02
them three of them are definitely failing like
1:07:04
you know like three or four one or
1:07:06
two might make it and that's like it's
1:07:09
scary and hairy like I've just got married
1:07:11
of certain family like I need to do
1:07:13
other investments that sort of stuff so like
1:07:15
what like ancient investment not for the faint
1:07:18
of heart like it's not fun it's actually
1:07:20
is fun but it's not profitable it's not
1:07:22
profitable it's not smart and a lot of
1:07:25
people yet every founder wants to do it's
1:07:27
to do it's to do it's to do
1:07:29
it's to do it's to do it's to
1:07:31
do it's to do it's to do it's
1:07:34
to do it's to do it's to do
1:07:36
it's Every single founder I talked to, I'll
1:07:38
ask you the quick fire around now in
1:07:40
a few minutes, but like every single founder
1:07:43
I'm like gonna give you 10 million and
1:07:45
they're like, I'd like invest in either my
1:07:47
own business, which I'm like cool, but partner,
1:07:50
they're like, oh I'm a mess, they're like,
1:07:52
oh I'm a mess, they're like, I'm like,
1:07:54
oh I'm a mess, they're like, I'm like,
1:07:56
oh I'm a mess, they're like, like, I'm
1:07:59
like, I'm like, I'm like, I'm like, I'm
1:08:01
like, I'm like, I'm like, I'm like, I'm
1:08:03
like, I'm like, I'm like, I'm like, I'm
1:08:05
like, I'm like, I'm like, I'm like, I'm
1:08:08
like, I'm like, I'm like, I'm like, I'm
1:08:10
like, I'm like, I'm like, I'm like, I'm
1:08:12
like, I'm like, I'm like, I'm like, investing
1:08:14
but in others stuff they have no expertise
1:08:17
in like oh yeah well the classic we'll
1:08:19
open a pub or we'll open a coffee
1:08:21
shop you're like you know nothing about that
1:08:24
yeah don't like you whereas like you you
1:08:26
have a lifetime of social media media expertise
1:08:28
for you to go off and invest in
1:08:30
investing in like an Irish bar It makes
1:08:33
no sense. No. Well, I mean, yeah, it's
1:08:35
not a portfolio, but you can build a
1:08:37
family office in different ways. I agree, but
1:08:39
I don't do it, but like, I'm doing
1:08:42
it inside with growing, you know? If I
1:08:44
ever sell this or whatever, I don't want
1:08:46
to, I want to list it, or I
1:08:48
want to grow it, but like, it's also
1:08:51
allows that sort of, that could become something
1:08:53
itself, like, like, you know, like, you know,
1:08:55
there's a few different, there's a few different,
1:08:58
there's a few different, there's a few different,
1:09:00
a few different, a few different, a, a,
1:09:02
a, a, a, a, a, a, a, a,
1:09:04
a, a, a, a, a, a, a, a,
1:09:07
a, a, a, a, a, a, a, a,
1:09:09
a, a, a, a, a, a, a, a,
1:09:11
a, a, a, a, a, a, a and
1:09:13
I keep looking at the creator economy. You
1:09:16
know what, as a founder, like I might,
1:09:18
you say, I'm restless and stuff, like I
1:09:20
might think, what would Love and look like
1:09:23
if there was a dating element to it,
1:09:25
if there was a matchmaking part in the
1:09:27
app, would the app grow faster? Could we
1:09:29
get subscription? But instead of doing that, I'm
1:09:32
like, no, let's provide utility, let's have fast
1:09:34
social news there, we're building an AI writer
1:09:36
to do more articles on Loveen as well,
1:09:38
and Loveen as well, with the, with the
1:09:41
tone and everything, with the tone and everything.
1:09:43
I think you need that because otherwise you
1:09:45
do exactly what you said there you start
1:09:47
becoming a bit of everything. Yeah. And whereas
1:09:50
you know exactly what you are, exactly what
1:09:52
you're not. And I know it takes time.
1:09:54
I know my streaming bet on sports needs
1:09:57
another 10 years and I bought myself that
1:09:59
time with our board by giving them dividends
1:10:01
and not having to raise money. Okay. So
1:10:03
yeah, the Smashes is a separate app that's
1:10:06
just streaming, streaming service. Yeah, I mean, well,
1:10:08
basically, the Smashie is 13 vertical, Smashie Business,
1:10:10
Smashie Sports, and for the user, it's a
1:10:12
newsletter or a podcast and social media, so
1:10:15
it's just like loving. But instead of being
1:10:17
an app and a website like Club and
1:10:19
Dubai, it's a streaming service as well. So
1:10:22
I monetize on that, but I build community
1:10:24
and audience, and I try and get sponsor
1:10:26
content. on Smashy Business. Like Smashy Business is
1:10:28
the media partner, like we'll be at website
1:10:31
in Doha and Qatar on Sunday next week.
1:10:33
I know this is timely, but like yeah,
1:10:35
basically Smashy Business is the brand that goes
1:10:37
to all the startup stuff. We did leap
1:10:40
in Saudi last week. We're at Chargen Financial
1:10:42
Fast for last week, we'll be a step
1:10:44
conference to buy and rise up. So we
1:10:46
have five in Egypt, we have five different.
1:10:49
But I don't go there with love in
1:10:51
Dubai, I go there with Smashy Business and
1:10:53
Smashy Sports tries to do, tries to tell
1:10:56
what's happening in the Saudi League with Rinaldo
1:10:58
and you know the latest stars and stuff
1:11:00
like that. It's so timely considering the focus
1:11:02
that's on it now. You're a huge ideally
1:11:05
set. You've kind of half touched on it
1:11:07
there like you've covered a massive amount of
1:11:09
ground in 2016 to 2025. What's the next
1:11:11
couple of years look like for you like
1:11:14
what your visions you clearly have a very...
1:11:16
direct one. I want to get to 25,
1:11:18
30 million dollars by 2030-ish. We have a
1:11:21
full plan on this. I think I can
1:11:23
do it from the Gulf States, the economics
1:11:25
of, I describe the Middle East and North
1:11:27
Africa a bit like not in terms of
1:11:30
size but in terms of economy like US
1:11:32
and then Latin. US is good economy, Latin
1:11:34
is a mixed bag and the Gulf is
1:11:36
flying. The Gulf, modern city states don't know
1:11:39
the rest that made them. The modern Gulf
1:11:41
states like they're all a bit different but
1:11:43
like Abu Dhabi Doha Dubai flying and then
1:11:45
the rest are figuring it out like Saudi
1:11:48
is definitely interesting. Rio is amazing, like so
1:11:50
exciting, it's completely different, the new metro is
1:11:52
open and the numbers are incredible, like it
1:11:55
opens up the city, Chedd is another one,
1:11:57
we haven't opened an office in Chedda yet
1:11:59
we will, I think I can get, without
1:12:01
getting private equity and baby equity, I think
1:12:04
I can get to 25, 30 million dollars
1:12:06
from these cities while growing in Iraq, loving
1:12:08
in the Levant region and then slowly dipping
1:12:10
our toes risk style into North Africa, Chinas,
1:12:13
Casablanca. Al Jazeera, things like that. And then
1:12:15
streaming. I think the market will heat up
1:12:17
in 28 to 30 in streaming. when more
1:12:19
smart to be penetration comes here. I think
1:12:22
I'll be in a position to buy more
1:12:24
sports rights then. And so that's the sort
1:12:26
of goal. If we can get to there,
1:12:29
we need to get to $100 million revenue.
1:12:31
There are only handful media companies in the
1:12:33
region, including the big tech firms who do
1:12:35
that and a billion. The guy who found
1:12:38
in Morningbrough once said that like media is
1:12:40
one of the easiest sectors in the world,
1:12:42
not easy, but one of the margins and
1:12:44
the multiples are more than a coffee shop
1:12:47
to get to get to... over 10 million
1:12:49
dollars, whatever figures that is, but one of
1:12:51
the hardest to get to 100. I think
1:12:54
that's seven and eight, is it? Seven or
1:12:56
eight or eight or not. Anyway, yeah, I
1:12:58
should have. So, but like, so it's the
1:13:00
hardest to get, you can get to 10-12,
1:13:03
like we have, it took 10 years, it
1:13:05
wasn't easy, but to get to 100 million
1:13:07
super hard and that's the goal. What media
1:13:09
brands you look at, like new media brands
1:13:12
and look at and go up, they're smashing
1:13:14
it? podcasts, because they're not media brands, like
1:13:16
Pierce Morgan's on sensors, what you're doing, diary
1:13:18
CEO, they're smashing it. Like, you know, look
1:13:21
at look at Spotify's top lists in the
1:13:23
US, Huberman, Joe Rogan, they're all smashing it.
1:13:25
Yeah, and then obviously the crater led stuff,
1:13:28
but I wouldn't really call the media brands,
1:13:30
you know, the Logan Paulsen, CSI, I don't
1:13:32
really call them media brands, like they have
1:13:34
media, they have YouTube revenue, but the new,
1:13:37
the, the, the, the, the, hot thing this
1:13:39
year is is podcast as video as this
1:13:41
sort of stuff I think they're smashing it
1:13:43
I think they're replacing TV like if you
1:13:46
want to sell a book you go on
1:13:48
a podcast now you don't go on the
1:13:50
late age show you know and that was
1:13:53
different with Oprah ten years ago how do
1:13:55
you think it's gonna get free advice here
1:13:57
how does that model evolve because that's what
1:13:59
I'm thinking about every single day my every
1:14:02
waking hour I'm waking like how does this
1:14:04
what I do evolve how does what I
1:14:06
do evolve business wise our audience? either sign
1:14:08
deals directly with the streaming services, or you
1:14:11
find a way to get subscription, or you
1:14:13
get bigger brand deals. So you're saying that
1:14:15
Dublin isn't... out podcast studios, you find some
1:14:17
way in Dublin, whether it's the mansion house
1:14:20
or whatever, to pay you for a year.
1:14:22
and are a developer and they will be
1:14:24
the number one thing and then you sell
1:14:27
your ads on top of it. So you
1:14:29
do it direct, you keep building, you don't
1:14:31
make t-shirts and hats and stuff, you can
1:14:33
merge but you do subscription branded content and
1:14:36
then also CTV ad tech. The revenue that's
1:14:38
going to come from podcast on Spotify, Spotify
1:14:40
did a headline recently that they gave out
1:14:42
10 billion in advertising to music, you're going
1:14:45
to get some of that. Sony music are
1:14:47
making 99% of their revenue from streaming services
1:14:49
now. It's all flipped in 10 years. Musicians
1:14:52
now are making money from Spotify. Podcasters are
1:14:54
going to get that and they're going to
1:14:56
get it from Netflix. Netflix are building an
1:14:58
ad platform. So it won't be just like,
1:15:01
hey, pay. The Revshare will be real like
1:15:03
YouTube, but it'll be different. And then the
1:15:05
other way is podcast networks. So Red Seed
1:15:07
Hat does all the right-wing stuff in the
1:15:10
US. They just sold it to Toobee. They
1:15:12
do the Tucker Cross and everything like that.
1:15:14
So someone could approach Gary, someone legit or
1:15:16
whatever, and go, hey, I'm never going to
1:15:19
interfere with you, but I'm going to round
1:15:21
up Ted podcasters in Dublin. I'm going to
1:15:23
build a fanciest studios, and I'm going to
1:15:26
make you grow on social. and then and
1:15:28
then they will sell that business to someone
1:15:30
in the future and they will help you
1:15:32
grow as well. Goldhanger, I actually did that
1:15:35
myself, I think something I need to do
1:15:37
myself. You should, Goldhanger does this. Gary Linekers,
1:15:39
Goldhanger has the rest of politics, the rest
1:15:41
of history. There's two media companies in the
1:15:44
UK, Goldhanger. and tortoise media. And tortoise is
1:15:46
a turtle is slow, so they do, the
1:15:48
difference in what you do and what I
1:15:50
do, you do slow news, I do fast
1:15:53
news. You drop an episode each week, it's
1:15:55
highly produced, high quality, and there's a business
1:15:57
in it, absolutely. The other trick that dire
1:16:00
CEO does, he'll do a three minutes, the
1:16:02
podcast is a feed, podcast like social media.
1:16:04
The app is different to Netflix. think about
1:16:06
it when you when you go on Netflix
1:16:09
and they drop in a new show it's
1:16:11
always the earliest episode first next secondary because
1:16:13
that's how we watch TV shows podcast is
1:16:15
different that's why cereals that's why cereals never
1:16:18
worked on some did but they don't really
1:16:20
work because the latest episodes the last one
1:16:22
is the end so no one built a
1:16:25
podcast like Netflix And even Spotify are going
1:16:27
to have this problem. Like Spotify is built
1:16:29
like Apple feed, the latest at the top,
1:16:31
flip it. You know, I tried to invest
1:16:34
in some podcast apps like that who went
1:16:36
to Disney. Disney don't want to do deals
1:16:38
with Apple because they want to do, you
1:16:40
know, Indiana Jones as a 12-part podcast, highly
1:16:43
produced, but they need an app and Netflix
1:16:45
is the app, you know, they need a
1:16:47
place where it's audio. You know, audio production.
1:16:49
Like and Audible is really good, like I
1:16:52
listened to 1984 as an audible and it's
1:16:54
done by, I think the guy from, I
1:16:56
don't know, I think it's the guy from,
1:16:59
from, one of the famous English actor and
1:17:01
it's a brilliantly audio produced, you know, so
1:17:03
there's value in that, but like what's the
1:17:05
app, where does it live, what's the business
1:17:08
model? Yeah, I think audio discovery and podcast
1:17:10
discovery and genre is poor, I think that's
1:17:12
why I think going video first is, it's
1:17:14
just been a game change, a game change
1:17:17
for so many. quit far around.
1:17:19
Okay, what books should every entrepreneur read?
1:17:21
Oh, there's so many cliches on these
1:17:23
ones. I know you're referenced zero to
1:17:25
one and that like, I've read them
1:17:27
all, I've read them all and I,
1:17:29
it's funny, I do rating review, can
1:17:32
I answer long on this? Okay, so
1:17:34
on good reads I do review, clip
1:17:36
it and say what the dog goes,
1:17:38
but no, but I do good reads.
1:17:40
I'll tell you what, my strategy is,
1:17:42
I read 20 to 30 books a
1:17:44
year on audible, for the last six
1:17:46
or seven years, knowledge compounds and I
1:17:48
find it such a brilliant trick and
1:17:50
I do it while I do triathlon
1:17:52
training and I rate them all on
1:17:54
good reads app and I have three
1:17:57
categories of books that I read and
1:17:59
go and rotate. One is the startup
1:18:01
founder book. Two is a business book,
1:18:03
an entrepreneur book, which is different. I'll
1:18:05
tell you why. And three is a
1:18:07
Middle Eastern book, politics or history. I'm
1:18:09
finishing a book about World War I
1:18:11
at the moment and Syria. And it's
1:18:13
so fascinating. There was a constant, what's
1:18:15
happening right now. Anna Sir Campbell did
1:18:17
a podcast with... with Ahmad al-Sharin in
1:18:19
Damascus last week and they're talking about
1:18:22
writing the constitution. They wrote one and
1:18:24
the French got rid of it. They
1:18:26
wrote one hundred years ago when the
1:18:28
French kept it to the 1975 and
1:18:30
then disposed of it. They have a
1:18:32
liberal constitution. Fascinating. Anyway, so that's the
1:18:34
Middle Eastern book. The startup books are
1:18:36
tenpenny, principles, like all these books are
1:18:38
really good, zero to one, they're all
1:18:40
really good. I like them all, like
1:18:42
how's in France influenced people, influenced people.
1:18:45
five a.m. clubs not as good as
1:18:47
the atomic habit's bloody excellent. It's the
1:18:49
most, I talk about this all the
1:18:51
time. Like I literally should have, James
1:18:53
Clear should be giving me profit share,
1:18:55
I talk about it almost on every
1:18:57
single episode. I think you're really curious.
1:18:59
It's very good, but the books I
1:19:01
like are the autobiography. It goes back
1:19:03
to when I read... Give me a
1:19:05
couple, give me like one or... Sorry,
1:19:07
the one, William Randall Hurst, and then
1:19:10
the one about the Daily Mail guy
1:19:12
in Ireland. He's actually a brick guy
1:19:14
a hundred years ago. Those are the
1:19:16
two best books for me. Perfect. And
1:19:18
also obviously, right of a lifetime, these
1:19:20
are cliches and shoe dog. Yeah. She
1:19:22
dog most recommended, by a mile. What's
1:19:24
something you learned the hard way? In
1:19:26
this business story, definitely working with authorities
1:19:28
and legal and stuff like that, I
1:19:30
learned it the hard way. My passport
1:19:32
was taken for 18 months, public prosecutor,
1:19:35
linked to a person known in the
1:19:37
Ireland world, but I'll leave it at
1:19:39
that. As articles around that sort of
1:19:41
stuff, I learned it the hard way.
1:19:43
It cost me a bit of money
1:19:45
too. So you were stuck here for
1:19:47
18 months? Yeah, technically, we were able
1:19:49
to swap passports, but I was basically
1:19:51
in a bit of a conundrum for
1:19:53
a while. Wow. I have to tell
1:19:55
me about that offer. What have you
1:19:57
sacrificed to achieve your success? I wouldn't
1:20:00
call it. I definitely, the word would
1:20:02
be sacrificed, but I put everything else
1:20:04
on hold for this. I lived life
1:20:06
like a monk. I gave up friends.
1:20:08
I kind of, not resounded to not
1:20:10
getting married, but I kind of decided
1:20:12
that this would be okay. I was
1:20:14
content. from about up until last year,
1:20:16
up until two years ago, from 2015
1:20:18
to 2023. And I still like, I
1:20:20
just sacrificed a lot, like I just
1:20:23
sort of, but I found myself through
1:20:25
that. I found that sort of zone,
1:20:27
I found that sort of knowledge compounding,
1:20:29
fitness, discipline, control, emotional intelligence. I found
1:20:31
all that sort of stuff through this.
1:20:33
I think we're going to have to
1:20:35
do a second part because there's so
1:20:37
much I wanted to ask you about
1:20:39
like, I do business body brain. Didn't
1:20:41
we get to brain or body yet?
1:20:43
What would you do to ever give
1:20:45
you 10 million euro? To put it
1:20:48
across my portfolio, I'd invest it across
1:20:50
what I'm doing. I have some property,
1:20:52
I have some crypto, I have some
1:20:54
ETFs, I have some bonds, I have
1:20:56
some equities, I have Fitzy fund. and
1:20:58
property, I just put it across portfolio,
1:21:00
I've read all the portfolio books, the
1:21:02
good weather, bad weather, Robbins and stuff
1:21:04
like that, like, so I just put
1:21:06
it across portfolio, I just, I'd probably
1:21:08
push it a little bit, I'd parse
1:21:10
some of it, fund, would I put
1:21:13
it into this business? Probably not, I
1:21:15
think we can get debt if we
1:21:17
need to, we've had debt before, would
1:21:19
I buy it on one particular thing,
1:21:21
maybe not, I'd do that. I've learned
1:21:23
about investment about investment, like the amount
1:21:25
of people, especially. they call us ex-pots
1:21:27
over here and they're like hey when
1:21:29
are you going to move back home
1:21:31
what you mean when are we going
1:21:33
to drive home this afternoon what so
1:21:36
like that sort of stuff they just
1:21:38
asked me all the stuff that my
1:21:40
head's not comprehending so anyway I learned
1:21:42
to investment myself so I'm not brilliant
1:21:44
sounded But I will continue to do
1:21:46
that. Okay. I'm going to give you
1:21:48
one million euro to invest in one
1:21:50
person or one company, not yourself. Who?
1:21:52
The latest one I invested in was
1:21:54
one called Beth.aai. It's a Jordanian guy,
1:21:56
Palestinian Jordanian guy and Amman. And Amman,
1:21:58
BITH, Arabic word for broadcasting. It's video
1:22:01
software, it's like v.io, it's like a
1:22:03
lot of these video AI highlights. If
1:22:05
anyone's listening, like it's super cheap, it's
1:22:07
$10 a month, it gets all this
1:22:09
stuff that other people will charge you
1:22:11
2030. So I really like what he's
1:22:13
doing, and I've made failures, I've invested
1:22:15
in a... a competitor to open Sea
1:22:17
Nifty Sook because the two founders had
1:22:19
done it before. They were in their
1:22:21
40s, I'm like, that's gonna work. They've
1:22:23
had five failures, but they came from
1:22:26
the Venture Studio ID and they just
1:22:28
flipped at the first sign of trouble.
1:22:30
So they just pivoted. So I like
1:22:32
this guy, Omar Dweck, I like what
1:22:34
he's doing, Jordan's fully developers, a lot
1:22:36
of the good stuff that's come out
1:22:38
of there. So I really like this
1:22:40
one, bit. Bit. Bit Same one. This
1:22:42
is a, you know, this isn't perfect.
1:22:44
It's been hard, you know, but I
1:22:46
know how to run it. I don't
1:22:48
know how to run anything else. I'm
1:22:51
not good at raising money. I'm not
1:22:53
good at telling people something that's not
1:22:55
going to happen. So I would build
1:22:57
the same one. I'm glad I'm happy
1:22:59
with what we built. Yeah, build the
1:23:01
same one. I guess this media. What
1:23:03
do you believed or the people will
1:23:05
find weird or strongly disagree with? I
1:23:07
think I've probably said of some of
1:23:09
it in terms of media and rules
1:23:11
in the region. You know, yeah, give
1:23:14
me a clue, like what else would
1:23:16
I say on that? Like, I genuinely
1:23:18
believe that the global South is the
1:23:20
new superpower. I really think that the
1:23:22
American Empire is dying. You know, if
1:23:24
you read books from, you know, early
1:23:26
20th century, like 1905, the newspapers used
1:23:28
to say, used to not know who's
1:23:30
going to... to be big at the
1:23:32
end of the century because the Brits
1:23:34
were big back then. They didn't really
1:23:36
know. Like America, a couple markets in
1:23:39
America only happened over time. Like it
1:23:41
wasn't big. Like America was youngish back
1:23:43
then. And I think they're on the
1:23:45
rest of mate. What's happening at the
1:23:47
moment? I think they're on the rest
1:23:49
of the Middle East. I think they're
1:23:51
on the rest and made MBS. I
1:23:53
think they show shade at these neon
1:23:55
projects. I think they underestimate Indonesia, Singapore,
1:23:57
China, I think they underestimate the Middle
1:23:59
East and I really think that, you
1:24:01
know, I'm thinking global south, like I'm
1:24:04
not going back to Europe or Ireland
1:24:06
or America, I don't invest there, I
1:24:08
don't look there, you know, and India,
1:24:10
India is underestimated for how big its
1:24:12
stock market is, they've got two stock
1:24:14
exchanges and no one talks about it.
1:24:16
When Modi was with Trump, they were
1:24:18
just laughing at translating English into English.
1:24:20
It's just, you know, there's just a
1:24:22
global racism problem, you know, anti-Semitic, Islamophobia.
1:24:24
It's just a global issue. and I
1:24:27
think they're going to get to come
1:24:29
up and it's like if you're if
1:24:31
you're literally as you know Irish people
1:24:33
felt it for years right like this
1:24:35
English approach this sort of cockiness and
1:24:37
stuff and Americans are going to get
1:24:39
hit they're going to get hurt well
1:24:41
it's all coming home to roost right
1:24:43
now where I think if you look
1:24:45
at the UK and you look at
1:24:47
the US formerly superpowers and they're going
1:24:49
to go to either those two places
1:24:52
right and that guy when you and
1:24:54
I grow up I'm assuming we're in
1:24:56
you and you and you and you
1:24:58
and you and you and I grow
1:25:00
up and you and you and you
1:25:02
and you and you and you and
1:25:04
you and you and you and you
1:25:06
and you and you and you and
1:25:08
you and you and you and you
1:25:10
and you and you and you and
1:25:12
you and you and you and you
1:25:14
and you and you and you and
1:25:17
you and you and you and you
1:25:19
and you and you and you and
1:25:21
you and you and you and you
1:25:23
and you and you and you and
1:25:25
you and you and you and you
1:25:27
and you and you and you and
1:25:29
or London. Whereas that's why I'm here.
1:25:31
I'm here to learn, I'm here to
1:25:33
understand, is this the new future? And
1:25:35
like I'm here what, just under a
1:25:37
week now, it feels like it is.
1:25:39
I'm telling you it is, like, when
1:25:42
I moved to Dubai in 2012, my
1:25:44
buses were like, why are you going
1:25:46
here? Two million people? Dubai already is
1:25:48
going to be four million people. UAE
1:25:50
is going from eight or nine to
1:25:52
11 or 12. And then the Middle
1:25:54
East North Africa of Africa is 340,
1:25:56
340 million people, 340 million people, 250.
1:25:58
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1:26:05
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visit Enterprise-Ireland. Helping our startups, go global.
1:26:19
What's been your worst investment? Probably that
1:26:21
nifty-sook thing is bad investment, but to
1:26:23
be fair to them they try to
1:26:25
know us guys, but I've made a
1:26:27
few poor startup investments on that level.
1:26:30
Some stocks are like I'm messing buzz
1:26:32
feeds. to learn anything. There's quarterly shares
1:26:34
and stuff, but I didn't lose a
1:26:36
ton, but they just ban investments. Some
1:26:38
of the stuff that I've done here,
1:26:40
like I bought some stuff that hasn't
1:26:42
paid off, it's taken longer. You know,
1:26:44
I did Arabic streaming OTT linear with
1:26:46
Smashi at the start, and it took
1:26:48
a while to get that right. Luckily
1:26:50
we were making a hundred we're making
1:26:52
a lot of money on Snapchat shows
1:26:55
so my board weren't questioning smashy revenue
1:26:57
but like some of the stuff I
1:26:59
did early on streaming I probably went
1:27:01
too away from what we were doing
1:27:03
on loving too early on some of
1:27:05
those decisions and things like that I
1:27:07
didn't but I didn't go all in
1:27:09
so I was able to like pivot
1:27:11
and tweak and stay long term. the
1:27:13
entrepreneur experiments because I believe that's what
1:27:15
business is. Yeah. The best on the
1:27:18
best on entrepreneurs I know are like
1:27:20
calculated risk takers. They do a little
1:27:22
test here test here test here test
1:27:24
here on keep testing. What's been your
1:27:26
best investment? A cliche like Warren Buffett
1:27:28
like investing yourself but I think you
1:27:30
know going back to those seven days
1:27:32
assets that lemon franchise thing we'd already
1:27:34
built the business but like those type
1:27:36
of things where we're such good deals
1:27:38
like unbelievable deals when I look like
1:27:40
price and value on what we get
1:27:43
out of it in the future. Unbelievable
1:27:45
deals. Like I like Podeo, I like
1:27:47
that, like they just done a 5.4
1:27:49
million dollar series A, a podcast platform,
1:27:51
like hosting, what do you use to
1:27:53
host this? Lipsin, so a bit like
1:27:55
that for the Arab world. Like I
1:27:57
think that's a good one, like you
1:27:59
know I put 100K in, it's on
1:28:01
paper where it's 6 or 7 under
1:28:03
K now, but like nowhere near, like
1:28:05
the business model, like the business model
1:28:08
isn't perfect, perfect, perfect and perfect and
1:28:10
stuff, and stuff like, and stuff like,
1:28:12
and stuff like, and stuff like stuff
1:28:14
like, like, like, like, like, like, like,
1:28:16
like, like, like, like, like, like, like,
1:28:18
like, like, like, like, like, like, like,
1:28:20
like, like, like, like, like, like, like,
1:28:22
like, like, like, like, like, like, like,
1:28:24
like, like, like, I've invested okay on
1:28:26
some shares. I brought my goddaughter one
1:28:28
Tesla share for $250 and now it's
1:28:30
one for because I did that Splistlin.
1:28:33
But I did that like 10, I
1:28:35
think she's eight, yeah, on her birth.
1:28:37
And that was a good investment for
1:28:39
her class. That's brilliant, I love, I
1:28:41
love stories like that. What's your final
1:28:43
piece of advice to every entrepreneur listening
1:28:45
or aspiring entrepreneur listening? Come to Middle
1:28:47
East, go to Saudi, go to Riyadh.
1:28:49
Is that really the new spot? Yeah.
1:28:51
It's not the new Dubai. You will
1:28:53
have to think Arab. You will have
1:28:56
to, it's in our world, and it's
1:28:58
not Dubai. And if you want the,
1:29:00
not the trappings, but if you're a
1:29:02
little bit mercenary, if you're a little
1:29:04
bit like that Dubai bling style, then
1:29:06
it's not for you. But yeah, you
1:29:08
know, as well as like web three
1:29:10
and AI, like if there's a place,
1:29:12
if there's a time. I would go
1:29:14
to re-ad. If I was, I like
1:29:16
that I spent my 20s in Dublin
1:29:18
and London, I love the crack I
1:29:21
had. I love that, I got that
1:29:23
kind of out of my system, I
1:29:25
love the fun. But from 28 to
1:29:27
say 42 now, or soon, I love
1:29:29
the Middle East and you know, things
1:29:31
for everyone, depends what age they're at,
1:29:33
but reads on one. I was just
1:29:35
at leap last week. Like in three
1:29:37
years, four years, they built CES, Southwest,
1:29:39
Southwest West West in one. Like leap,
1:29:41
yeah, 200,000 people, unbelievable. Tech, business, both.
1:29:43
Yeah, yeah, the startup, like web summists,
1:29:46
but bigger. I've checked
1:29:48
that out. out. Richard. Thank
1:29:50
you so much. you so
1:29:52
much. and unbelievable chat. Come on,
1:29:54
thanks a lot. Thanks, lot.
1:29:56
Thanks for having me
1:29:58
on. And good
1:30:00
luck in your trip.
1:30:02
play to you for coming
1:30:04
out here. you
1:30:06
very much. you much.
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