Founder's Story

How Kit Gray Built a $50M Podcast Empire—and Took It Public | Ep 217 with Kit Gray co-founder of PodcastOne


Listen Later

Kit Gray, President and Co-Founder of PodcastOne (NASDAQ: PODC), reveals how he parlayed childhood radio fandom into a thriving public podcast network. From early iPod hacks with Adam Carolla to structuring live reads, community-first ad packages, and an IPO, Kit shares the timing, tactics, and tenacity behind PodcastOne’s $51M revenue and its 200-show roster.

Key Discussion Points

Radio Roots & Howard Stern: How listening to sports talk and Stern’s brand-building ignited Kit’s love for audio.

Selling the Download: Early deals with Adam Carolla (ProFlowers, LegalZoom) that proved CPMs & CPA tracking worked.

Building a Network: Moving from one-off ad reads to 360° packages—audio, video, social—for A&E, Lady Gang, Jordan Harbinger, and more.

Timing the Tides: Why the iPhone, COVID lockdowns, and YouTube’s podcast push turbocharged growth.

Going Public: Lessons (and flip-flops) on spinning out, partnering with bankers, and using equity to align talent.

Community over Impressions: Why buying engaged audiences beats mass buy, and how brands scale with niche pods.

Key Takeaways

  • Be first, but stay fast: Early movers in on-demand audio captured both talent and advertisers.
  • Proof precedes scale: Start with one host, one campaign; use hard ROI data to win bigger deals.
  • Sell the community, not just ad slots: True influence lies in loyalty, not lowest CPM.
  • Equity aligns interests: Offering stock to creators fosters retention and shared upside.
  • Adapt or fade away: From iPods to social streams to IPO filings, continual reinvention is non-negotiable.

Closing Thoughts

 Dive into how Kit Gray built a soup-to-nuts podcast empire—signing singers turned podcasters, structuring ad-stacked communities, and trading on NASDAQ—and walk away with a playbook for finding, owning, and monetizing the next great audio audience.



Our Sponsors:
* Check out Indeed: https://indeed.com/FOUNDERSSTORY
* Check out Northwest Registered Agent and use my code FOUNDERS for a great deal: https://northwestregisteredagent.com
* Check out Notion: https://notion.com/founders
* Check out Plus500: https://plus500.com
* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com
* Check out Square: https://square.com/go/founder


Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy
...more
View all episodesView all episodes
Download on the App Store

Founder's StoryBy IBH Media

  • 4.4
  • 4.4
  • 4.4
  • 4.4
  • 4.4

4.4

152 ratings


More shows like Founder's Story

View all
Masters in Business by Bloomberg

Masters in Business

2,173 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,001 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,795 Listeners

Founders by David Senra

Founders

1,807 Listeners

Y Combinator Startup Podcast by Y Combinator

Y Combinator Startup Podcast

209 Listeners

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing) by Hala Taha | Entrepreneurship, Sales, Marketing | YAP Media Network

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)

1,295 Listeners

My First Million by Hubspot Media

My First Million

2,598 Listeners

3 Takeaways by Lynn Thoman

3 Takeaways

252 Listeners

Money Rehab with Nicole Lapin by Money News Network

Money Rehab with Nicole Lapin

1,680 Listeners

Marketing Against The Grain by Hubspot Media

Marketing Against The Grain

352 Listeners

The Money Mondays by Dan Fleyshman

The Money Mondays

439 Listeners

Next Level Pros by Chris Lee

Next Level Pros

184 Listeners

Leap Academy with Ilana Golan by Ilana Golan

Leap Academy with Ilana Golan

207 Listeners

The Level Up Podcast w/ Paul Alex by Paul Alex Espinoza

The Level Up Podcast w/ Paul Alex

262 Listeners

I am Charles Schwartz Show by Charles Schwartz

I am Charles Schwartz Show

232 Listeners