Raising Money in the 757

An episode of the Fervent Four podcast, hosted by Zack Miller, Tim Ryan, titled "Raising Money in the 757" was published on May 18, 2023 and runs 61 minutes.

May 18, 2023 ·61m · Fervent Four

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Episode Description

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This week hosts Tim Ryan and Zack Miller sit down with Scott Janney, Co-Founder and CEO of Magazine Jukebox, Inc., the first digital magazine platform that does not require an app. Magazine Jukebox is a subscription service built for waiting rooms, hotels, hospitals, salons, cafes, gyms, or anywhere with stationary customers. A QR code lets customers scan and access a large catalog of magazine titles on a digital magazine rack at no cost to them. Watch this week's episode to hear about how the Magazine Jukebox got started, how they are located in 4000+ locations and growing quickly, and much more!

Show notes:

(0:00) Introducing Scott Janney

(5:13) What is Magazine Jukebox?

(9:47) Not being the smartest person in the room + using investor money

(19:06) Growing with an outsourced team

(22:02) Motorcycle riders are geared up to be founders

(26:22) How losing weight translates to business

(33:19) Building founder density + Parking struggles in downtown environments

(40:15) Leveraging LinkedIn + daily advertisement competition

(46:35) Why it's hard for magazines to make money

(51:42) Keeping a competitive edge

(55:01) Is it more difficult to raise money with a product than without

(58:35) What's next + Conclusion

About Scott Janney & Magazine Jukebox, Inc.:

"Scott knows firsthand how to run a successful business, create loyal employees, and maintain strong relationships with customers. Entrepreneurship runs in his bloodline, driving him to build, modernize, and expand multiple thriving businesses. His career in running successful business start-ups is proof of his excellent marketing and sales chops. Scott is the co-owner of several insurance & financial enterprises. As CEO of Magazine Jukebox, he works diligently to bring cutting-edge infotainment into businesses around the nation so that they, too, can create many of their own loyal employees and customers. Scott is a dedicated husband and father, who values his family."

Magazine Jukebox, Inc. is the leading digital magazine distribution company for commercial spaces. They specialize in bringing infotainment such as nationally and regionally known magazines, to commercial waiting rooms, such as but not limited to: Medical Offices, Hospitals, Car Dealerships, Coffee Shops, Resorts, Airbnb's, and so many more verticals.

Magazine Jukebox provides access to these commercial partner clients. Their clients do not have to download an app to gain access to the most current and up-to-date magazines available. They use geo-fencing and time stamping technology to secure that the magazine(s) being read stay in that commercial spaces.

Learn more: https://magazinejukebox.com/about/

About the hosts:

Tim Ryan is an angel investor and the Executive Director of StartWheel, an organization dedicated to connecting entrepreneurs with resources in Hampton Roads, Virginia. Tim also serves as the Director of REaKTOR, a space for technology-based startups to start and grow.

Zack Miller is a serial entrepreneur and author of Anomaly, a guide on differentiating yourself and your business from the crowd.

Enjoy the show? Watch the Fervent Four Show LIVE every Thursday at 11 AM.

Live: https://www.startwheel.org/live/

Watch past episodes: https://www.startwheel.org/fervent-four-show/

Listen to past episodes: https://fathom.fm/podcast/fervent-four

The Fervent Four Show:

Did you know that only 4% of businesses hit $1M in revenue? Tim Ryan and Zack Miller are the creators of The Fervent Four Show, designed to help you get there. Check them out Live every Thursday at 11 AM.

Social Media:

Scott Janney

https://magazinejukebox.com/

LinkedIn: https://www.linkedin.com/company/magazinejukebox/ & https://www.linkedin.com/in/scottmjb/

Instagram: https://www.instagram.com/magazinejukebox/

Facebook: https://www.facebook.com/Magazinejukebox/

Twitter: https://twitter.com/Magazine_Jbox

Tim Ryan

https://www.startwheel.org

Twitter (personal): @ryantnt (https://twitter.com/ryantnt)

Twitter: @StartWheel (https://twitter.com/StartWheel)

LinkedIn (personal): https://www.linkedin.com/in/ryantnt/