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Nick Carlson

Nick Carlson

CEO and founder of Dynamo, a YouTube-first media company; former global editor-in-chief of Business Insider (2017-2024).

Jul 7, 2026

54:28
That is extraordinary.
54:29
The people who do the Bybit, who, who do Ronin, that's a specific team.
54:35
Uh, and that team is the descendants of the guys who did Sony and Bank of Bangladesh.
54:40
Like, those are the tip of the spear, the very best in the North Korean orchestra.
54:44
These guys completely dominate this business.
54:46
They're the Google of crypto theft, right? They completely control this.
54:50
They're almost a monopoly.
55:02
What's the current ballpark figure for how much the DPRK has stolen in cryptocurrency?
3:33
I'm not wishing death on BI 'cause I do think it has a, has a path, but it's different than, than what you guys were building.
3:39
I think so.
3:40
I, I think that the, the big lesson, I mean, it's, it's t- it's, you know, 20/20 hindsight, but Facebook and Google both held out just enormous piles of cash if you just basically committed to, to serving their audience.
3:58
And what happened is, is people got distracted, and, uh, I'll own this, we did too.
4:03
Hard to, hard, hard to not get distracted with the, the possibilities of investing in a newsroom that the revenue that you could get from Facebook and Google Search provided.
4:14
You know, it was very exciting.
4:15
It was, it felt wise to say, "Look, we're getting a lot of programmatic revenue.

19 MINS LATER

23:17
... on the distribution front, right?

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