Snapshot · Pivot
Several state attorneys general, led by California's Rob Bonta, are finalizing an antitrust lawsuit challenging the Paramount–Warner Bros. Discovery merger, likely to be filed within days.
Where this was said
At 9:14 · chapter starts 2:58
The episode kicks off with Kara pressing Matt on his newsletter takedown of Cannes Lions, which he had called a 'soulless corporate boondoggle' — a phrase that apparently set off a firestorm among attendees, with Ben Smith reportedly raising it on a panel with Alex Cooper. Matt clarifies: he doesn't oppose boondoggles per se, he objects to the festival calling itself a creativity showcase when it's really a platform for ad executives to sell inventory. He compares it unfavorably to the Cannes Film Festival, which at least centers the art. The conversation drifts warmly into a tangent about yacht parties — Kara's sole yacht experience with Sears investor Eddie Lampert, her unexpected discovery of Spike Jonze and Guy Oseary in a cabin, and both hosts' gentle opinions on the Cannes social scene.
Bhanu grew SiteGPT to $13,000 monthly recurring revenue entirely through organic channels, spending nothing on paid marketing.
More than 1 million people have visited SiteGPT's website since launch in March 2023, all through organic channels.
Approximately 90% of SiteGPT's Google search traffic comes from the free tools Bhanu built, not the main product pages.
Bhanu sold his first SaaS product, Feather, for $250,000 so he could focus fully on the faster-growing SiteGPT.
SiteGPT has generated approximately $500,000 in total revenue since its launch in March 2023.
The average customer lifetime value for SiteGPT is approximately $1,700 to $1,800, which Bhanu considers unusually high.
SiteGPT receives around 50,000 visitors per month, of which about 200 convert to leads and 60 start free trials.
SiteGPT hit $10,000 MRR within its very first month of launch, driven largely by early traction in the AI chatbot space.
Despite strong download numbers, PropGPT could not push past $1,000–$2,000 MRR due to poor product retention.
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