Excited to take you around the world to England. We are chatting with Sam
Speaker:Sethi. He is the CEO of True Fans, and this is a
Speaker:really, really fascinating platform that is trying to help
Speaker:podcasters. But it seems like even beyond that now, more than just podcasters
Speaker:really get compensated for their work. He also does some work with Pod
Speaker:News, our friend James over there. So, Sam, thank you for joining us today. Hey,
Speaker:Matthew. Thank you for having me. It's a pleasure. So
Speaker:you've been in the IT industry for a long time. How did you
Speaker:kinda weave your way into getting interested in the podcasting space?
Speaker:Oh, through large corporates into startups of my
Speaker:own. I was running TechCrunch Europe. I,
Speaker:I then started on the radio, and I I, you know, scratch
Speaker:an itch. Right? I didn't I'd never done radio. I used
Speaker:to be Microsoft's professional presenter at the big events they used to do. Hello.
Speaker:Good morning. Welcome to Microsoft. Let me tell you about the latest version of
Speaker:Office. It's amazing. That was my job for a while,
Speaker:and I was a techie. So, when somebody said, let's do radio, I said, well,
Speaker:yeah. Never done it. Try it. Radio led me
Speaker:into wanting to interview because of my TechCrunch background
Speaker:a lot of people. So I was into eating the heads of various
Speaker:big companies, and that was fun. And that finally led me to doing
Speaker:a podcast festival with Cara Swisher and James
Speaker:Cridland and various others. And then
Speaker:lastly, I said to James, hey. Fancy doing Pod News Weekly together,
Speaker:a longer version of your Pod News daily? And he said, yeah. And I was
Speaker:surprised, but I was happy. And 3 years later, here we
Speaker:are. I mean, you do not waste time.
Speaker:Kara Swisher is one of the titans of the tech industry. I
Speaker:used to work with her a little bit when I was over at Dow Jones,
Speaker:and so that is a fantastic person to have started your
Speaker:podcasting journey with and then to be working with the amazing James Cridland. I mean,
Speaker:you're just, swinging for the fences every time, you step up to
Speaker:the plate. I think I think it's called ignorance. Just ask, and and and they
Speaker:they just happen to say yes. It was like, great. Thanks.
Speaker:I love it. The it's sort of the, ask for forgiveness, not
Speaker:permission, philosophy. Just go for it and see what happens. You'll see
Speaker:more of that coming up when we talk about True Fans.
Speaker:Excellent. So tell us exactly how the True
Speaker:Fans platform came to be and why
Speaker:this is a platform that podcasters should be paying attention to?
Speaker:Okay. I really wasn't gonna do one, and then
Speaker:somebody else approached me to do a branded advertising
Speaker:based platform. And I was like, no. Not interested. Not interested. And then, actually,
Speaker:I got into podcasting 2.0, listening to Adam and Dave
Speaker:on the Podcast Index show, and I was like, this is
Speaker:quite interesting because of my technical background. I like tinkering.
Speaker:So started to add things, and then it was like, oh, you know
Speaker:what? This is really cool. And then the more and more I got into it,
Speaker:the more and more I wanted to do my own thing, so I did.
Speaker:And today, yeah, we are the number one platform
Speaker:that supports most, if not all, the podcasting 2.0
Speaker:tags. We are pushing the boundaries of what I think
Speaker:podcasting is, because I think there's so much more
Speaker:to come from podcasting, but I think, you know, you have to get to
Speaker:the bleeding edge of it and then pull back from it a little bit to
Speaker:allow people to catch you up. But we're at the bleeding edge right now, and
Speaker:it's great fun. For those who don't really
Speaker:understand, what is podcasting 2 point o? What are some
Speaker:of the features that are starting to really
Speaker:power podcasting or I should say, like, really supercharge
Speaker:podcasting now? Well, first of all, it's not a unicorn. It's not a
Speaker:mythical creature. It is actually very simple. It's just taking
Speaker:what is podcasting and trying to fix some basic
Speaker:problems. I think there's 3 basic problems,
Speaker:discovery, interactivity, and monetization.
Speaker:Discovery is not, you know, I want to be Joe Rogan.
Speaker:No one's discovered me. No. Discovery is I've got a brand new podcast. How do
Speaker:I get out of the 4,000,000 people who've produced another
Speaker:podcast and at least get above the parapet and a 100 people to hear me
Speaker:or a 1000 people to hear me? And so discovery is
Speaker:1. Interactivity, how do I leave a comment back to
Speaker:the creator if I'm the listener, and monetization
Speaker:beyond just advertising or host read ads or DAI. So
Speaker:with discovery, the first couple of tags are really cool. The person tag,
Speaker:hey. I don't know what Matthew looked like. Now I've got an image of him
Speaker:with the person tag in the RSS feed, and that's displayed
Speaker:in the app. Oh, okay. Some people will go, I wonder what Matthew looks
Speaker:like. I know what he sounds like. Now I can see it. Second
Speaker:one could be, this is a really long podcast like James and I do
Speaker:an hour an hour and a half podcast. We break it down into sections. And
Speaker:now with chapters, which is another tag within the podcast in 2 dot
Speaker:o, we can then say, hey. Look. You might love to hear what
Speaker:our top story is. You might love to hear what events are going on, but
Speaker:you've got no interest in all the tech talk that we do. Just skip it.
Speaker:But now you have a index that you can
Speaker:visually see of the structure of the podcast.
Speaker:The third one that you might be interested in is transcript. Hey. I want
Speaker:to follow along. Actually, I found a section that I found really interesting. I'm
Speaker:gonna cut and paste this, and I'm gonna share it with my friends on social
Speaker:media. So person tag, chapters, and
Speaker:transcripts are 3 really low hanging fruit examples of what
Speaker:we're doing with podcasting 2.0 to extend the discoverability
Speaker:of podcasts. So
Speaker:the more information in the RSS feed, interesting. Right?
Speaker:Helping with the discoverability. But I think right. Let's talk a little bit
Speaker:more about the monetization piece because I think that also kinda
Speaker:lends to the second part, which is interactivity. Right? For the
Speaker:most part, podcasters interact with their fans
Speaker:through a third party platform. Right? Whether it's getting a rating or review
Speaker:through Apple or now comments on Spotify or, you know,
Speaker:whatever sort of communication box they might make available
Speaker:on their website or through digital media. But now it seems
Speaker:like communication be a little bit more direct with podcasting 2.0.
Speaker:Is that Mhmm. Is that an accurate statement? Yeah. I mean, I think look. Let's
Speaker:be fair. YouTube's had comments for a long while. Spotify's just added them.
Speaker:There are other ways of adding interactivity back to the
Speaker:creator, but I think what you're seeing there is
Speaker:siloed comments. So if your podcast is both
Speaker:in YouTube and Spotify, you've now got 2 comment silos
Speaker:that you have to go to to respond to. The
Speaker:goal of what we're trying to do with Podcasting 2.0 is
Speaker:the fabled cross app comment. So the idea is that I leave a comment
Speaker:in true fans to this podcast, someone else on fountain leaves a
Speaker:comment in truth, to this podcast, and someone in Podcast Guru
Speaker:or Podverse leaves a comment. But, actually, those comments
Speaker:cross fertilize into all of the podcasting 2.0 apps.
Speaker:So you pick the app you want, but, actually, as the
Speaker:creator, the conversation from all of your fans is in
Speaker:one app and then visible in all the others as well, not siloed
Speaker:like you'll find in Spotify or YouTube.
Speaker:Right. And it's interesting you bring that up because we had guests
Speaker:recently who talk about, you know, one place where podcasters really do struggle
Speaker:is they think this is just a one way street. They think they talk to
Speaker:their audience, and that's it. But the most successful podcasters, the one who are
Speaker:really excelling in the space, they are conversing with their audience.
Speaker:So having that ability kind of making that communication
Speaker:easier, will certainly make it a lot easier for people to be successful with
Speaker:the space. Now the next piece of this is the monetization. And, again,
Speaker:that's a form of communication. Right? You are if you pay somebody to listen to
Speaker:their show, you're communicating to them. I like your show. So how does true
Speaker:fans enable that? Okay. So
Speaker:let me just take one step back to go 2 steps forward. One step back
Speaker:is when I was at Netscape, we Mark Andreessen was
Speaker:my boss and he never invented a micropayment system on the internet,
Speaker:a way of sending small amounts of money.
Speaker:Why why don't we just do it with PayPal or Stripe or or credit
Speaker:card, right? Because the fees taken by those monetary payment
Speaker:gateways is just too high to send small micropayment amounts.
Speaker:So in the absence of a micropayment system in web 2.0, we
Speaker:invented likes, hearts, thumbs up, and those were
Speaker:the way that, people like fans or
Speaker:listeners could give sentiment back to the creator and say, I liked
Speaker:what you did. That's great. But none of that was useful to the creator.
Speaker:They couldn't monetize it in any way. So
Speaker:fast forward to today, what we've come up with is a a mechanism
Speaker:that, yes, it uses Bitcoin, but that's because it's a digital
Speaker:currency. But the core goal of it is I can
Speaker:say, Matthew, I really liked what you did there. Here's a
Speaker:1000 sats. Here's a 100,000 sats even. The amount is
Speaker:irrelevant. I mean, a 100,000 sats is about £20, but a 1000
Speaker:sats is about a pound, right, or a dollar. So you you really what
Speaker:you're saying is I want to do the same as I did in web 2.0.
Speaker:I wanna give you a thumb up or I wanna give you a heart or
Speaker:a light, but I wanna attach a micropayment value to that as
Speaker:well, which you can then take to the bank. Because in the aggregate, if you've
Speaker:got a 100 listeners or a 1000 listeners and they're all giving you some
Speaker:small micropayment, that might be 10 or $20.
Speaker:But when you aggregate it altogether, which is probably more than you
Speaker:could get being a a long tail podcaster like most of
Speaker:us, from advertising. So it's, again, a way for
Speaker:your fans, as you said, to to give you back sentiment, but also to
Speaker:give you back value. So how does that
Speaker:work if I'm a podcaster? Right? How do I engage
Speaker:with true fans, get set up so that I can start to receive
Speaker:these micropayments? And then, I guess, importantly, if I'm a
Speaker:listener, what's the incentive to
Speaker:to do this when my content is still pretty much available for free in
Speaker:other places? Sure. So let's let's take that in 2 parts.
Speaker:Let's take the last part first. So yes. Content's free on
Speaker:Apple. If I pay a subscription to Spotify, I don't have to pay anymore.
Speaker:Right? The reason that you want to do that is we
Speaker:don't want our favorite podcasters to pod fade. Now
Speaker:if you're a podcaster, you have basic costs. It's
Speaker:the cost of hosting, the cost of kit, the cost of
Speaker:time. Now if you then go, oh, you know what? I'm just making
Speaker:no money from this. This is taking me 3 or 4 hours each week. I'm
Speaker:wasting my life. I I I give up. Now you might have an
Speaker:audience who loves you, but they've not been enabled to give
Speaker:you any form of value back. You can't qualify for
Speaker:advertising of any significance. And so you go, I'm going away and
Speaker:everyone's gone, oh, if only I could have supported Matthew, he would still
Speaker:be here today. So it's a choice to support you. It's not
Speaker:a need to support you as in I have to pay. It's a
Speaker:I choose to pay model. So now the second part of
Speaker:the model is how do we do that right.
Speaker:Up until now until about probably even a week ago,
Speaker:it was really difficult to get money into a
Speaker:wallet. Now a wallet is a physical entity that
Speaker:just holds micropayments. So you take your dollars and you convert them to
Speaker:micropayment. Think of them as Fairground tokens, and you put them in
Speaker:a wallet. And then when you come to listen to a show, you can choose
Speaker:to listen and pay on a streaming per
Speaker:minute basis. So I'll give you a 100 sats per minute, or I can give
Speaker:you a one off payment, a boost. So those are the ways that I
Speaker:can pay you. Now up until last week, you
Speaker:would have had to have opened a bank account with something like MoonPay,
Speaker:done a know your customer, so give your passport, your driver's line.
Speaker:No. Nobody in the world was gonna do that. It was too many hurdles
Speaker:to cross just to make a small micropayment. So with
Speaker:Trufans, what we did last week, we gave you the option to
Speaker:onboard literally 2 clicks. You get an account, and you get a
Speaker:wallet for free. You then can top up that wallet
Speaker:with one click Apple Pay or Google Pay. So you say
Speaker:I want $10 click, put your thumb or put your face whatever mechanism
Speaker:you do for validation, and we put that money into your wallet.
Speaker:Equally, when you join Truefans, we give you 5,000
Speaker:sats to play with. We say, hey. You know what? We know this isn't all
Speaker:new. We know this is a little bit early doors. So here's some money
Speaker:anyway just to get you started. Now 5,000 sats is
Speaker:$2. Right? It's not gonna break my bank. It's not gonna make you
Speaker:retire. So it's funny money. It allows you to
Speaker:understand. And the way that we do it we use gamification to give you that
Speaker:money. So we don't just give it to you. We say, look, do your first
Speaker:boost and we'll give you some value back. Do your first
Speaker:streaming episode, and we'll give you some money back. So we're
Speaker:teaching you how the platform works while valuing
Speaker:your time and attention by putting money into your wallet.
Speaker:Now the way the money works is, when you choose to
Speaker:support a podcaster that you like, the money
Speaker:is peer to peer. It goes from your wallet directly to their wallet. It
Speaker:doesn't go through a third party gateway. It doesn't go through a bank account. It
Speaker:doesn't go through any other mechanism. It goes from
Speaker:yours to theirs, and that's it. It's a direct peer to peer payment, and
Speaker:that's what's beautiful about it. It's that you are giving the
Speaker:money, and you know all the money you give goes directly
Speaker:to that podcast creator. So that is going
Speaker:to beg the question, how does Truefans
Speaker:make money if you're not taking any piece of that
Speaker:action? That seems to be one of the primary ways that a lot of these
Speaker:supporter podcast support, you know, platforms
Speaker:seem to work. No. We we we take 1%. Oh, and, you know, just to
Speaker:be totally transparent, we take 1% of every transaction. And I think, you know,
Speaker:we're not charging you for the app. We're not charging you for the wallet. We're
Speaker:not charging you for anything else, and we give you some money to start with.
Speaker:I think if you if you choose to give money, we take
Speaker:a 1% transaction. That's what keeps the lights on. I think that's pretty
Speaker:fair. That's 100% fair.
Speaker:So okay. What other features can
Speaker:podcasters or or, frankly, podcast listeners enjoy
Speaker:while they're on Trufans besides just being able to
Speaker:support their show, you know, with these payments?
Speaker:Look. You don't have to pay to come on to Truefans, by the way. So
Speaker:for example, if you didn't wanna pay, don't pay. Just
Speaker:turn up. We've got all the podcasts that are in the podcast index. Just
Speaker:play away. We've also added though music,
Speaker:audiobooks, films, online courses.
Speaker:And so, again, we're not really restricting it to a
Speaker:100% just podcasting. We've gone broader. Now why? Because all
Speaker:of those are delivered via RSS, and they are
Speaker:fundamentally, we're an RSS marketplace. We we aggregate content
Speaker:that's delivered via RSS and allows you to play it back in
Speaker:the form you want. So if I wanna watch a film, I click
Speaker:the the play button on the film, and I can watch it as a,
Speaker:stamp or I can watch it as full screen. I can then choose to pay
Speaker:to stream that or I can watch it for free. So, again,
Speaker:whether you're watching, listening, or interacting,
Speaker:yes, there's multiple forms of content, digital content available in
Speaker:Truefans. It's so interesting that you're bringing
Speaker:musicians onto the platform. Why are they
Speaker:finding this an intriguing proposition? And is this
Speaker:kinda helping them skirt some of the limitations of the music marketplace?
Speaker:Spotify is the dominant player right now in music as we all
Speaker:know, and they keep changing the rules on
Speaker:musicians for the number of plays they have to do
Speaker:in order to qualify for a payment. The number is just going up and up
Speaker:and up, and most independent music artists who are starting out in the industry
Speaker:just don't qualify. A bit like podcasters have to, you know
Speaker:people say, you have to have 10,000 downloads before you qualify for an
Speaker:advert. The bar is just too high for musicians that are starting out.
Speaker:So what they realized and recently learned so
Speaker:actually the cover art can be the album art, the episode can be the
Speaker:track, and they can deliver it in a structured data format
Speaker:using RSS. That can be played out on podcast
Speaker:apps just as a podcast would. And so they go, okay. Step
Speaker:1, I get that. I can reach a new audience. And now step 2, this
Speaker:new value for value micropayment model means I get paid
Speaker:directly by my funds. Now this weekend or last
Speaker:weekend in Nashville, they did a concert, a live concert, and you had
Speaker:several artists there, and they generated 4,000,000
Speaker:sats just around $3,000 from people on
Speaker:podcasting2.0 apps around the world watching
Speaker:live to these artists through a video playing a
Speaker:concert and say, yeah. Love that boost boost boost
Speaker:stream some more sats boost. And in the aggregate
Speaker:from everyone around the world they made 4,000,000 sats. Now
Speaker:you know, again, these are early examples, but let's go
Speaker:fast forward 3 or 4 years when the mass market does understand this and
Speaker:gets on board. Wow. That 4,000,000 could be 40,000,000 or
Speaker:400,000,000 because people haven't got a mechanism they
Speaker:understand today to reward or incentivize or
Speaker:value content. But once the mass market understands this
Speaker:model, who knows what the numbers will be?
Speaker:I mean, it does sound like you're playing a real long game here. This isn't
Speaker:the we're gonna overtake Spotify in the next year No.
Speaker:Execution. No. Okay. So as I said, my background was
Speaker:in the browser wars with Netscape. Right? The the thing was
Speaker:I remember saying to people when I first joined Netscape when I left
Speaker:Microsoft, hey. It's called a browser. It's the web. Yes. It
Speaker:starts HTTP. No. Colon forward slash forward slash
Speaker:www blah blah blah. And everyone went, oh, you know,
Speaker:you're kidding me, Sam. No one's gonna understand this rubbish. It's
Speaker:Swahili. Go away. Go away. Alright? And I said, no. This is
Speaker:the future. And can you imagine, Matthew? So of my friends who I was
Speaker:trying to get to convince them to come on to this thing called the web,
Speaker:the problem we had was even when they jumped through all the hoops of
Speaker:finding a browser, getting on board, there can you imagine? They ended up with
Speaker:this gray screen with flashing lights, and I said, yes. That's the web. It's
Speaker:amazing, isn't it? And they went, no. No. That's not amazing,
Speaker:Sam. And it took HTML 2345,
Speaker:CSS 123. It took the crash of the web 1
Speaker:dot o. It it took Amazon and Google to arrive.
Speaker:The web did not arrive day 1 fully born, fully formed,
Speaker:fully working. And the same is true now. When I
Speaker:say to you, it's a wallet. You need micropayments. They are
Speaker:micro tokens that you exchange. It's a peer to peer system. People look
Speaker:at me and go, no, Sam. Never gonna catch on. You're talking
Speaker:Swahili again. Like, I look, bear with me because
Speaker:the business need or or the critical need is there. Right?
Speaker:There is a problem, and this is the way to fix it. It may take
Speaker:time for us to make it simple. It may take time for
Speaker:adoption, but those two things will happen, and it could be 2
Speaker:years or 3 years from now. But, you know, early
Speaker:adopters are on the platform now, but then we'll get the next group.
Speaker:It's gonna happen. It's just a case of when, and it won't be tomorrow.
Speaker:But, yeah, it will be soon. Well, given
Speaker:your track record so far, I will definitely be paying close attention, and I will
Speaker:try and learn Swahili. It's actually working out so well for you.
Speaker:So if I if I pull up my podcasting tech page here on
Speaker:Trufans, we'll we'll have a link to it in the show notes below so you
Speaker:can check it out as well. There's a feature on here called the pod roll.
Speaker:What is that all about? Okay. So,
Speaker:historically, when people used to do blogging, they used
Speaker:to put a recommendation of other blogs that
Speaker:they would love. Right? Oh, I love Matthew's blog. I love James
Speaker:Cridland's blog. You should if you like my blog, these are the ones you should
Speaker:read. But we wanted a similar thing in podcasting. If you
Speaker:like this podcast, how about these
Speaker:podcasts? And therefore, the creator can recommend
Speaker:other people's podcasts. And that's where we got to. It was
Speaker:lovely. It's very simple, and a lot of hosts now
Speaker:support it. A lot of apps support it. You know, True Fans was the first
Speaker:one to do it. But it just means that your fans
Speaker:can say, yeah. I trust Matthew. I listen to Matthew every week, and now he's
Speaker:recommending me these other ones to listen to. Sure. I'll give it a
Speaker:go. And some of those will convert to fans of other podcasts, and some of
Speaker:them are going, no. Gave it a try. Not my cup of tea.
Speaker:We also did that for music artists where it's
Speaker:like this music track you like, these are the other
Speaker:places that you might wanna hear. Other shows that played that music track because
Speaker:you might like the other shows that played it. And the last one
Speaker:we did was called a publisher feed, Matthew, where I like
Speaker:Smartlist or I like this podcast. It happens to be also
Speaker:part of a bigger group of podcasts by podcast network.
Speaker:You know what? I didn't know that Smartlist was part of
Speaker:Wondery. Click. Now I can see the whole of the Wondery group.
Speaker:Oh, right. I might try a few Wonderies. So we're trying to use
Speaker:this as another form of discovery. You know, we go back to that early problem
Speaker:of discovery. Pod roles and publisher feeds are
Speaker:examples of technology to help us discover other
Speaker:podcasts. Is there a plan, or are you seeing
Speaker:where podcasters are monetizing that suggestion space? You know,
Speaker:if if you're a big enough podcast, you've got thousands of fans. I can
Speaker:imagine being that recommended show would be a a big
Speaker:boost to your audience and valuable. I'm sure that people will
Speaker:start to do swaps and charge for those swaps. That's gonna be the nature. But
Speaker:that's actually, thankfully, something that True Fans doesn't wanna get
Speaker:involved in. We don't have any plans to get in between what
Speaker:podcasters and podcasts wanna do. Right? That's that's up to them because
Speaker:why would we, and what's the point of trying to police that? That's your choice
Speaker:to your fans of your recommendations. If if they
Speaker:feel that you're selling them a pub, you
Speaker:know, and it's a bad recommendation, guess what? That might have
Speaker:other issues for you further down the road. So it's it's your trust with
Speaker:your fans If you feel that the,
Speaker:recommendation is worth giving and you still wanna charge for it, that's fine. That's
Speaker:up to you. But, yeah, we won't get involved.
Speaker:Okay. So for the podcasters listening who are like, okay. I'm intrigued.
Speaker:What should they do? Well, thank you. Please come to
Speaker:true fans dot f m. Sign up. So you put in your name, validate
Speaker:your email. Boom. You're into the system. You've got a wallet.
Speaker:We then ask you to complete a number of tasks that teach you how to
Speaker:use the system, and then you can then simply
Speaker:take the money that we've given you and start playing, or you
Speaker:can then top up your wallet using Apple Pay or Google Pay. We added
Speaker:one other option as well because we saw, users,
Speaker:you know, don't want to be constantly topping up their wallet. So we've
Speaker:added a recurring payment model. So if you wanna put in
Speaker:$5 or $10 or whatever amount you want as a recurring
Speaker:payment, And we do it through Stripe. So, you know, it it's validated through
Speaker:Stripe. It's not just my personal bank account giving you money.
Speaker:So you basically say, yeah. You know what? My my podcast budget
Speaker:is $10 a month. Just re top up my wallet
Speaker:every every month with $10. And after that $10 is gone, I'm
Speaker:not gonna be giving any podcasters any money, but at that point, I'll wait
Speaker:till the next month. Or you can manually top up if you feel like you
Speaker:really want to. So we're trying to make this
Speaker:a totally simple fit and forget
Speaker:solution where don't even worry about the fact they're called
Speaker:Bitcoins and SaaS. Think of them as just fun tokens that you're
Speaker:giving just as you would a heart or a like, but this happens to be
Speaker:a token with money. And you were just giving that to your favorite podcasters
Speaker:if you want. As I said, you don't have to give anything to listen to
Speaker:podcasts on Truefans. It's a choice. Okay.
Speaker:So as a reminder, we've been chatting with Sam Sethi. He is the CEO
Speaker:of True Fans, and he's also the host of
Speaker:the weekly show for Pod News where he talks to James about what's been
Speaker:happening in the space. As a reminder, then like you just said, make sure you
Speaker:head to true fans dotfm to claim your show. Or even if you're
Speaker:not a podcaster, go on there just to become a listener so you can support
Speaker:your favorite show in the podcasting space using all their cool features in the
Speaker:podcasting 2.0 ecosphere. So, I mean, this is
Speaker:probably an obvious question, and you you're obviously working on it.
Speaker:But are there other places maybe in podcasting where you'd like to see some
Speaker:improvement, whether it's from the content creator side or
Speaker:from the listener side? One place I'd love
Speaker:to see an improvement is hosts validating the content that they
Speaker:publish on behalf of creators.
Speaker:We this week had a host allow
Speaker:a 14 megabyte cover art image in the RSS
Speaker:feed. Yeah. So they
Speaker:uploaded 40 megabytes to this host. This host is
Speaker:now distributing that through Apple, Spotify,
Speaker:Podcast Index. No validation on that at all
Speaker:because 40 megabytes on an app is just gonna
Speaker:crush the app, right, in terms of loading that page. That was
Speaker:not just at the cover art. That was at every episode cover art
Speaker:level as well. So this one podcast was over
Speaker:300 meg in size. Now there was no validation being
Speaker:done by the podcast host at all, and that just blew my mind.
Speaker:So we have to anyway, by by the very nature of of
Speaker:Truefans, we compress all images because we need to make
Speaker:sure they're fast and quick loading. We also need to validate
Speaker:the RSS feeds to make sure there's no empty missing
Speaker:titles, which we often get, or duplicates. Or there's so many
Speaker:errors within RSS feeds that could be killed at
Speaker:source by the host by saying, hey. You know, you filled that
Speaker:field in, but you filled it in wrong. Or you know you've got an empty
Speaker:field here. Before you click publish or before we send it out,
Speaker:why didn't you just go back? You know you forgot to put the season one
Speaker:number in or you forgot to put something in this field, But none
Speaker:of that's being done by hosts, and it just blows my
Speaker:mind that we have an industry that is not taking just a
Speaker:one step validation before publication.
Speaker:I I can't even imagine, though, as the host, what that's doing to their bandwidth
Speaker:cost, putting 40 megabyte artwork in there. And and I'm
Speaker:honestly surprised that it's not getting flagged. I I know
Speaker:with other platforms, they won't even let me proceed if my artwork is too big
Speaker:or or or the wrong size even though bad artwork can absolutely
Speaker:break your show on Apple. I don't want to name it because I'll
Speaker:Matthew, I'll tell you offline, but I'm not gonna name it here in shame. Right?
Speaker:But but, fundamentally, you can then go afterwards, and you can go and have a
Speaker:look for yourself. It is crazy. Just crazy.
Speaker:What about technology wise? Is there a piece of gear or a piece
Speaker:of software, something that is on your podcasting wish
Speaker:list, whether it's something that's out there that you just haven't, you know,
Speaker:pulled the trigger on and bought or something that you wish somebody would create?
Speaker:In terms of technology that I haven't bought, gosh, that would be, no. There
Speaker:isn't. I'm just a geek. I
Speaker:mean, I'm I'm running a Rodecaster 2 here. I mean, yeah, just I love I
Speaker:love geekdom. I'll tell you about one piece of
Speaker:technology I recently bought that I do love, and I bought
Speaker:my Meta Ray Ban sunglasses, and I just
Speaker:absolutely love them. They have a camera and a video in
Speaker:them. They have AI built into them. They look super cool like
Speaker:Ray Bans, and I everywhere I go with them, I
Speaker:just have them on. And if I wanna take a photo, I just go, hey,
Speaker:Matt, to take a photo. Hey, Matt, to do a video. I wanna take a
Speaker:call. I can answer it. If it's a WhatsApp or Instacall, I
Speaker:can basically also show you video of my first
Speaker:person view from my glasses. It's just the coolest thing. And then the
Speaker:last bit is I can ask when I look at a building or an
Speaker:object or a cup of tea or whatever it may be. Hey, Meta. What's that
Speaker:object? And they're all dang. Go and use the AI and tell me what it
Speaker:is. Maybe give them some history about it. So while I was in Greece
Speaker:recently, it was great walking around and asking MET to tell me what
Speaker:was going on, what this building was, and just I can hear it in my
Speaker:own ears. And it's not interrupting anyone else, and I just think
Speaker:it's such a cool piece of tech. And I basically walk my dog with Mohs
Speaker:sunglasses on listening to podcasts, and it's you know, nobody has to
Speaker:worry that, you know, I've got 2 things stuffed in my ears, and there's a
Speaker:car about to run me down. So, yeah, Meta's Ray Ban
Speaker:sunglasses are pretty cool as a new piece of tech. I'm
Speaker:gonna have to check that out. I I gotta tell you, when I get bored
Speaker:with podcasting, AR is the next space that I wanna jump into. There's
Speaker:so many fascinating things that could be done over there, that I'd love
Speaker:to to be a part of all that. I think I
Speaker:think the the the way that glasses will evolve will
Speaker:be the entry point technology into AL. Yeah. Yeah. I
Speaker:mean, the VisionPRO are incredible.
Speaker:Just I I tested them out and the experience is just mind
Speaker:blowing and I can't describe it. You know, you really just have to experience it,
Speaker:but they're not practical. Once everything that they're doing is
Speaker:practical into a frame like this, it's a
Speaker:total game changer. You know, we won't have to carry around these
Speaker:phones anymore. No. Well, you know, it may be that the phone is still in
Speaker:your pocket as the the primary primary driver. But
Speaker:I think if you look at Apple, they've got a a, I think it's
Speaker:an m one or maybe it's a a separate named chip in the
Speaker:AirPod Pros. You have a chip within your phone. You have a chip
Speaker:within your, Apple HomePod. You have a chip within
Speaker:your m one or m four chips.
Speaker:Apple has secretly built their own
Speaker:microchip platform in in
Speaker:public, but nobody's talking about it. Now add glasses to
Speaker:that. Add the watch to that, and you suddenly see a wearables market
Speaker:where suddenly the glasses is an extension of your phone. It's an
Speaker:extension maybe of what's on your wrist, an extension of what's on your laptop.
Speaker:Only think they know that they will be able to shrink that
Speaker:technology down from that big visor. I mean, if anyone remembers
Speaker:the first mobile phones, you carried a battery around, and they were massive.
Speaker:Right? And now look at what we carry around. You know? So I think it's
Speaker:just, again, a time thing, but you can see the evolution of technology,
Speaker:and it's super cool, and I love it. And I'm with you on AR. I
Speaker:will say that's the 4th wall that I'm waiting to happen.
Speaker:I can't wait to see what you come up with then. Last question. And, you
Speaker:know, this is probably a tough one because of what you do and the platform
Speaker:that you run. But do you have a favorite podcast or 2 that
Speaker:you know, I'm sure you listen to a bunch, but is there a few that
Speaker:when they drop, you're stopping what you were doing or you are, you
Speaker:know, stopping what you're listening to and going straight to that show?
Speaker:My my personal hobbies are politics, sports,
Speaker:and technology. Right? So there are several technology shows like
Speaker:Adam and Dave's on a Friday night. I drop everything. To my wife's
Speaker:disgust, on a Friday night, 7 o'clock, for 2 hours,
Speaker:I'm still listening to podcasts while cooking dinner. And she's like, will
Speaker:you just stop? You've been doing it all week. I'm going, no. No. No. It's
Speaker:live. I have to listen now every Friday night. We can't go out on a
Speaker:Friday. We can't go to parties. We can't go to theater. It's
Speaker:just awful. So that's one. And I love
Speaker:politics shows. Like, in in the UK, there's one called Newsagents. There's,
Speaker:the rest is politics. There's the American ones. I'm fascinated
Speaker:by American politics, so I listen to a lot of American
Speaker:politics shows. So, yeah, politics, sport,
Speaker:and technology. They're my 3, go tos. Sir, are
Speaker:you having a grand old time with the Olympics on? Amazing. Yeah.
Speaker:I mean, again, I I it's not the most
Speaker:exciting Olympics, I think. I don't know if you agree, but I
Speaker:not the named characters that we used to have in the past. You know? There's
Speaker:not a Karl Lewis. There's not a Usain Bolt. There's not a, you know, Mark
Speaker:Spitz or or or, you know, whatever. There's nobody that I
Speaker:feel that wow. I mean, I think, Simone Byers
Speaker:is the the biggest name in the Olympics. Right? It's a name that
Speaker:everyone would know. But I couldn't name the rowers. I can't name any of the
Speaker:sprinters. I can't name any of the long distance runners. They're just not on my
Speaker:radar, and they're not as well known. So I'm watching it because I'm
Speaker:a sports addict, but I'm not watching it because I'm going, I must watch that
Speaker:100 meters. Usain Bolt's gonna be in it. Right? Just not doing it because
Speaker:of that. And it's interesting with Simone Biles. I she's an
Speaker:incredible athlete, right? I've will not not say a bad word about her, but part
Speaker:of her fame is a result of what
Speaker:happened 4 years ago. Right? If if she had just competed and did her thing,
Speaker:you're right. I don't think we'd having be having the same conversations around her.
Speaker:But that being said, she's been incredible and deserves
Speaker:everything that she has earned, during these Olympics. So, but, yeah, I
Speaker:agree. It's it's, you know, it there are more
Speaker:names, but none that are really as popular.
Speaker:That being said, the Turkish shooter meme is probably the closest thing to
Speaker:a superstar that have come out of this Olympics, thus far.
Speaker:Yeah. I think I think there will be names
Speaker:that we will get to learn, but I just watched the
Speaker:men's 100 meters, and I I just didn't know anyone in that race. It was
Speaker:and it's a great race, and it was very fast, and it was on the
Speaker:line splits, but I was like, yeah. Okay. Well done, America.
Speaker:Unlucky Jamaica. I mean, he did they were I had no
Speaker:interest in any of the runners particularly. I just I watched it
Speaker:very objectively. Just, yeah, it's a great race. Whereas when I
Speaker:watched Usain Boltzk, yes. Win that 3rd gold. Go on, mate. Break
Speaker:a world record. I felt more passioned. Let's see what
Speaker:happens when breakdancing, starts to starts there. We have
Speaker:been chatting with wonderful Sam Sethi. He's the CEO of true fans. Make sure you
Speaker:check out your show at true fans. Fm and and frankly, go on there and
Speaker:try checking out your favorite podcaster and see if there's a better way you
Speaker:could support and communicate with them there. Sam, it's been a pleasure. Thank you so
Speaker:much for joining us today. Oh, Matthew, thank you so much for inviting me. It's
Speaker:been a pleasure too.