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Food Fix's Helena Bottemiller Evich on optionality
Episode 21124th February 2026 • The Rebooting Show • Brian Morrissey
00:00:00 01:03:51

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Food Fix's Helena Bottemiller Evich has achieved sustainability. She has a recurring revenue business that exceeds her salary at Politico, with a 10% free-to-paid conversion rate. This gives her the option to continue as is as a solo operation or expand into adjacent verticals. Our conversation ranges across the choices that independent media operators need to make around complicating a simple business model, the guesswork that goes into subscriptions pricing, and how to maintain enthusiasm while on a content treadmill.

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Brian:

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Thank you so much to Beehiiv for their support.

Brian:

welcome to to the Rebooting Show.

Brian:

I am Brian Morrisey.

Brian:

I'm joined today by Helena.

Brian:

Bota Miller eVic.

Brian:

I hope I got that right.

Brian:

We talked about me mispronouncing her name, but so let's just,

Brian:

let's assume that it's very close.

Brian:

That's very nice.

Brian:

Helena is the proprietor.

Brian:

I guess we'll get into what the, what titles we're gonna use of Food Fix,

Brian:

which is a subscription based food policy intelligence newsletter that delivers

Brian:

insider reporting and analysis to professionals working at the intersection

Brian:

of government, industry and public health.

Brian:

Helena started this, after covering food and ag issues at

Brian:

Politico for nearly a decade.

Brian:

She's won awards.

Brian:

She's even spent some time in the B2B world at Food Safety News.

Brian:

I like that.

Brian:

I love B2B publications.

Brian:

Uh,

Helena:

B2B and B2C proudly.

Brian:

Proudly, yes.

Brian:

'cause at Politico, you were part of Politico Pro.

Helena:

Mm-hmm.

Brian:

Right.

Brian:

And so you left to start Food Fix in 2022.

Brian:

That's actually when, we first, this is the first time we're, we're talking

Brian:

live, but we, we, we've exchanged

Helena:

Mm-hmm.

Brian:

and I'm gonna quote from one that you sent to me, if you don't

Helena:

I love it.

Helena:

Bring the receipts.

Brian:

Tim Russer, RIP, you said, I really do think there's

Brian:

something to this creator.

Brian:

Boom.

Brian:

Journalists have been much slower to pick up on it because we don't consider

Brian:

ourselves creators, but it's basically just an editorial first approach.

Brian:

We're content first approach, even though we hate the term content.

Brian:

I think you sort of, you sum up the, the distaste that a lot of journalists

Brian:

have for whatever this is that a lot of them are being attracted to or

Brian:

being forced into, which is going off on their own and building their own.

Brian:

Businesses, which is you've been doing for the last three years.

Brian:

so start off with what, what led you to, to, to leave Politico for, to,

Brian:

to think there's a lane to do this as a, a solo enterprise, whether it's

Brian:

creator or we call it something else.

Helena:

Yeah, I, I'd been at Politico for about a decade and

Helena:

really got to know the model there.

Helena:

I helped launch the food nag vertical they had back in 2013.

Helena:

So I'd been there almost a decade and I was ready to do something else.

Helena:

I'd been covering food policy the whole time, like I really had owned

Helena:

and loved covering food policy, was ready to do something else, and I

Helena:

basically just came to the realization that no other national media outlet

Helena:

was gonna post the job I wanted.

Helena:

Like I could go try to convince editors at, you know, New York Times or wherever

Helena:

to like, create this beat, but they didn't see it as a beat that was worth

Helena:

covering or that was important to cover.

Helena:

And it was during a time when I think a lot more media entrepreneurs were being

Helena:

really open about how they were building.

Helena:

Like I started listening to All the Morning Brew, you know, every

Helena:

podcast for every like media operator I started listening to.

Helena:

And the more I listened as a reporter, like inside the Politico newsroom, I was

Helena:

like, I actually know more about how this works than, than I maybe had thought.

Helena:

And I would've never considered myself an entrepreneur.

Helena:

Like never.

Helena:

But

Brian:

Well, that's another term that needs to be retired, I

Helena:

to dawn on me that I could, that I could maybe do it.

Helena:

And, I have had readers since be like, are you good at picking

Helena:

stocks because you like picked the perfect topic at the perfect time?

Helena:

Because now we're in a Maha world and everyone's talking about food

Helena:

policy and I find this hysterical.

Helena:

But no, I just, I love my beat.

Helena:

I own my beat and I saw the white space because so many media

Helena:

outlets don't see this as a beat.

Helena:

So.

Helena:

There's a clear wide open lane, and I saw it and I decided to launch Food Fix.

Helena:

I left, Politico right after covering the infant formula crisis.

Helena:

I was really the top reporter covering that.

Helena:

loved working at Politico, but just was ready to do something else.

Helena:

And I took the leap and now I look back and I'm like, wow, that was, was

Helena:

good timing, but I didn't really see where all this was headed at the time.

Brian:

But you, you were coming from Politico Pro, right?

Brian:

And, and that is a B2B arm of Politico that has high price subscription.

Brian:

So, you know, people, people were already paying for what you were doing.

Helena:

yep.

Helena:

But it's, but political, the beauty of it is that pro really is hybrid because a lot

Helena:

of the top reporters are still writing for politico.com, so you have to be able to.

Helena:

You know, write for an insider audience, really know your stuff,

Helena:

do those incremental scoops, and then also be able to zoom out and

Helena:

write for a mainstream audience.

Helena:

And I remember being in all hands once where, our then owner, Robert Albritton,

Helena:

who eventually sold Politico to Axel Springer, and he said something along

Helena:

the lines of Politico Pro is a way to tax the 1% to pay for a newsroom.

Helena:

And I will never forget that line because it was really true.

Helena:

Like, basically they were figuring out how to have a really strong

Helena:

business model around a B2B, you know, information services, like

Helena:

really Insidery trade Pub, basically a bunch of trade publications, right?

Helena:

And then that leveraged them to have the best reporters and these

Helena:

huge teams of reporters that.

Helena:

You would never have at other publications.

Helena:

And then when healthcare blew up or a farm Bill blew up, we had the best

Helena:

teams in the country covering these.

Helena:

And so I came to really love that model and I basically, emulate it with Food Fix.

Helena:

So I'm actually half paid, half free.

Helena:

I have, so paid subscribers get, food Fix twice a week and free.

Helena:

I have a free list, gets it once a week.

Helena:

Anyone can get it.

Helena:

Food fixx.co.

Helena:

Anyone interested in food policy?

Helena:

And you know, there's a lot going on right now,

Helena:

so.

Brian:

So just to go back though, what gave you confidence

Brian:

on like the business side?

Brian:

Because I think that there can be.

Brian:

I, I feel like there's Al and you, you flicked at it a little bit, but

Brian:

there's, there, there can be trepidation wi on with the Capital J journalist.

Brian:

You're a capital J

Helena:

Oh yeah.

Helena:

Oh yeah.

Helena:

No, I'm a journalist first, second, and third.

Brian:

yeah.

Brian:

Okay.

Brian:

Right.

Brian:

And then there's the business stuff, right.

Brian:

Which I think some people get think it's more complicated really than it, I mean,

Brian:

it's a pain in the ass, but like it's, you

Helena:

Yeah,

Brian:

the merchant class is the merchant class.

Brian:

We journalists,

Helena:

we try not to sully ourselves

Brian:

you can become part of the merchant class.

Brian:

Trust me, it's just a lot of like thankless work.

Brian:

but I think it's intimidating for

Helena:

it is.

Brian:

journalists just 'cause it's unfamiliar

Helena:

I was intimidated.

Helena:

I also though, became a little bit less intimidated as I dug in more, so I

Helena:

did a lot of.

Brian:

oh, I could do this.

Helena:

Oh, yeah.

Helena:

Yeah.

Helena:

So I do, I talked to a lot of people like, you know, I talked to Anna

Helena:

Palmer and John Bresnahan, who launched Punch Bowl out of Politico.

Helena:

there were a lot of ex-business people from Politico Pro who jumped

Helena:

on the phone with me and talked me through, like how things worked.

Helena:

I had a vague idea of how the business worked.

Helena:

Politico pro's a really high price point.

Helena:

I think by the time I left, you couldn't get it for less than like, $7,000 and

Helena:

that would be like a congressional office, like the discounted, you

Helena:

know, rate for, for government.

Helena:

you know, so it was really high dollar and I knew that what I was

Helena:

gonna do was not gonna be every day.

Helena:

I was not gonna be on a hamster wheel of breaking news.

Helena:

So I knew my price point was gonna be lower, but I also, I wanted to hit

Helena:

that sweet spot where it's, premium.

Helena:

So I'm $500 a year for most people.

Helena:

I do a lower rate for government, academia, but $500 a year.

Helena:

You don't necessarily have to have a meeting about that, right?

Helena:

Like someone can just, sign up, get their business to, expense it for them.

Helena:

And so I tried, I actually spent a lot of time trying to figure out

Helena:

pricing and basically I realized everyone was guessing on pricing.

Helena:

I'd, I'd like talk to all the business people and be like, okay,

Helena:

like brass tax, how did you do this?

Helena:

And, you know, they'd be like, look at comps.

Helena:

And I was like, well, there aren't any comps because I'm the only one doing this.

Helena:

Like, I have this lane.

Helena:

And so I actually ended up

Brian:

And then go higher, look at comps, and then go higher

Brian:

in B2B, you just go higher.

Brian:

'cause like the difference between 300 and 500 honestly is not, I don't, I've

Brian:

never heard anyone give me or present evidence that there's any formula to

Brian:

these things other than, particularly if you're a journalist, pricing your

Brian:

information product go higher 'cause you're gonna underprice it usually

Brian:

as a journalist for whatever reason.

Helena:

yeah.

Helena:

And like I. I just, once I realized that everyone else was guessing,

Helena:

or experimenting, I was like, you know, this isn't, this just

Helena:

isn't expertise that I don't have.

Helena:

Like, I can try this too.

Helena:

And, I went out of the gate and I sold paid subscriptions on

Helena:

day one and was like, oh, okay.

Helena:

Like I think, you know, I think this could work.

Helena:

I had some idea that it was gonna work.

Helena:

I did think it, it was really helpful that I left Politico before Elon Musk bought

Helena:

X. And so it was easier to get emails.

Helena:

I had a pretty, you know, substantial following, really engaged following that

Helena:

is no longer really the case, although I have also not quit X, but, it was a

Helena:

lot easier to get emails, so I launched with like something like 1700 people

Helena:

on my list and that was really helpful

Helena:

to get going.

Brian:

Okay.

Brian:

See, yeah, that, that is always, I mean, that's the kind of like

Brian:

quote unquote unfair advantage.

Brian:

I mean, it's

Helena:

Yes, it's, but all journalists, I've been telling all of my friends

Helena:

in media have an email list.

Helena:

I don't care if you think you're gonna be at your publication for the next 20

Helena:

years, you should have your own list.

Helena:

You should be building some type of like, direct connection with your audience.

Helena:

Like you do not own that social anything.

Helena:

and you don't own the connection you have with within your, your publication.

Helena:

Like you, you know, I'd love to have the list of everyone who has subscribed

Helena:

to my stories, you know, in the de in the decade that I was at Politico.

Helena:

But that's not my list.

Brian:

Yeah, they weren't gonna give it to you.

Brian:

Vox gave the list to a couple people, but,

Helena:

that was, I did, I heard about that and I thought, well,

Helena:

that was really nice of them.

Brian:

yeah, that was really nice.

Brian:

I left Digit.

Brian:

I don't, I I left behind, the 140,000, like email addresses.

Brian:

I had to start from zero.

Helena:

yes.

Helena:

But at least, I mean, people knew who you were.

Helena:

They knew your name, and like that is, that counts for a lot.

Helena:

I'm not ever discounting

Brian:

yeah, I started with 3000, email subscribers before

Brian:

I sent, anything just from,

Brian:

Again, thankfully it was still Twitter then, I guess because, and

Brian:

it was actually from a Morning Brew.

Brian:

I think it was Austin, but it, might have been Alex that, that said, anyone

Brian:

leaving Jeff should always like, get people to sign up to an email newsletter.

Brian:

'cause it'll go, you'll get the, like, congrats, congrats.

Brian:

Even if like, it's done.

Brian:

Like, and and that, that stuck in my mind, even not fully knowing

Brian:

like what I was gonna be doing.

Brian:

And it does become, it becomes a, an advantage.

Brian:

So when you were thinking about you were going to, are, are you doing the same work

Brian:

now as you were doing at Politico or did you tweak it because, you're on your own

Brian:

or you wanted to be in a different lane?

Helena:

So, I. I would say it's similar in some ways.

Helena:

So I think, you know, the subject matter is similar.

Helena:

It's basically the same beat.

Helena:

So I cover like FDA food labeling, anything consumer facing.

Helena:

So school, meals, the SNAP program, you know, people, which a lot of

Helena:

people still know as food stamps.

Helena:

I mean, these are huge programs.

Helena:

Snap serves more than 40 million Americans.

Helena:

Like, there's a lot of fights over it.

Helena:

there's a lot at stake.

Helena:

So the, the subject matter is very much the same, the tone is different.

Helena:

I would never use first person.

Helena:

at Politico and sometimes I do insert a little bit of analysis that's like,

Helena:

I remember when Michelle Obama was, you know, trying to get everyone to eat

Helena:

something different in the school meals program and Republicans lost their minds.

Helena:

You know, I can insert like a little bit of kind of historical analysis

Helena:

and it feels more personal and I just didn't have that, relationship

Helena:

with my audience at Politico.

Helena:

I get more emails now, or even immediately when I launch Food Fix.

Helena:

I would get more reader emails than I ever got at Politico, even though technically

Helena:

I was reaching way fewer people.

Helena:

because it's just different when it, the person is coming into your inbox.

Helena:

so it's a highly engaged audience.

Helena:

I very specifically chose to do it twice a week, so that I wouldn't get burned out.

Helena:

I was not about to.

Helena:

I talked to Isaac Sa over, you know, I love what he's doing with Tangle, huge

Brian:

You know how to do it now every

Helena:

but

Brian:

like I ask that about to Emily Sunburg all the time.

Brian:

I'm like, what?

Brian:

I was like, are you burn out?

Brian:

And she gets like a little defensive with him and she's like, I work hard.

Brian:

I'm like, I know.

Brian:

It's hard work.

Brian:

We all work hard.

Brian:

I just

Helena:

Yeah.

Helena:

So I say that I do it twice a week, but a couple times a year if I get a

Helena:

really good scoop, I send a special alert and I call them bonus editions.

Helena:

I never promised the value prop was never to be like the breaking news

Helena:

source, but you know, like I knew what was in the dietary guidelines first.

Helena:

So, and it's kinda like my Olympics and food policy, right?

Helena:

Yeah.

Helena:

Every five years, like, the di every five years, the government updates, the

Helena:

dietary guidelines, they changed it, a bit more this time with, RFK junior stamp

Helena:

on it, and I knew what was in there.

Helena:

So my readers got that first, but a few times a year while I do that, it's

Helena:

really meant to be more analytical.

Helena:

It's meant to be, always straddling this line.

Helena:

So.

Helena:

You know, my paid readers are getting both additions.

Helena:

The the one that's subscriber only and the free one.

Helena:

And so both of them have to be valuable and have to be readable.

Helena:

And one of the great things I learned at Politico is how to write for

Helena:

both audiences at the same time.

Helena:

So has to be understandable.

Helena:

Not a lot of jargon.

Helena:

If there's an acronym, you explain it.

Helena:

my mother-in-law will say like, I feel like you're explaining the news to

Helena:

me, or like, you're kind of holding my hand through the policy news.

Helena:

And that's kind of the goal is that it's, you know, I have everyone from like CEOs

Helena:

of food companies to like, you know, people who participate in the SNAP program

Helena:

and want to follow what's going on.

Helena:

And so it really is a diverse audience and I love that.

Helena:

I know it's kind of weird to do B2B and B2C and

Brian:

Yeah, no, I

Helena:

would advise against it.

Brian:

it's, it's, it is kind of dangerous to some, some way because, you know, look,

Brian:

you're charging $500 a year and if you're explaining what snap is, it would be like

Brian:

me, like explaining what CPM is, you know,

Helena:

Well,

Brian:

time it means cost per thousand, but a thousand is melay

Brian:

and like all this like, and I'm like,

Brian:

no, I'm just, I've just

Helena:

Well, I will

Helena:

say snap's one, I don't what

Brian:

And I'm like, people can look up what CPM is if they

Helena:

yes, yes.

Helena:

Yeah.

Helena:

But you know, I, I feel like you do a good job of not, it's never like too

Brian:

I try

Helena:

or jargony that, you know.

Helena:

Yeah.

Brian:

but,

Brian:

but I'm, I, I wonder, because you're subscription only,

Helena:

mm-hmm.

Brian:

right?

Brian:

And so

Helena:

That's the journalist, that's the journalist first approach.

Helena:

It's

Brian:

Yeah.

Brian:

'cause you're not making money off of these other, these freeloaders like I'm,

Brian:

I'm, I'm fully onto the

Helena:

I know.

Helena:

So, here's the deal.

Helena:

As a reporter, I very much respect having somewhat of a wall between and

Helena:

like, obviously, when it's just you.

Helena:

you can't have a wall.

Helena:

The reason I love subscription only, and it's been, you know, I've had enough

Helena:

growth and I've had enough success that I can be subscription only for now.

Helena:

the reason I love it is that your incentives are so tightly aligned, like it

Helena:

is either worth it to pay for it or not.

Helena:

Like they either are getting the value or not.

Helena:

And that is, you're just a, there's no crossed wires there.

Helena:

And you know, if someone, I actually haven't had this happen, but if

Helena:

someone hates something and like cancels over or angry or whatever,

Helena:

that, that's among hundreds.

Helena:

Like, you know, it's not.

Helena:

You don't have the appearance of, you know, sponsored by X company

Helena:

and most of the money to be made where I am is in advocacy dollars,

Helena:

advocacy ads, and, but these are

Brian:

Well, it's a lucrative, it's a lucrative

Helena:

are the issues I'm covering.

Helena:

So it just looks like there's just no way to separate it.

Helena:

And so I've stayed away from that.

Helena:

I'm leaving a ton of money on the table and I know that, and that's

Helena:

okay with me for now because like, I, I prefer to, keep it simple and to

Helena:

keep the interests of my audience and the business aligned really nicely.

Helena:

And for now That's great.

Helena:

So, but I understand the business people, generally think this is

Brian:

No, this would not be, this would not be a private equity approved

Helena:

no, no,

Brian:

all.

Brian:

Elena.

Brian:

Like you got, like, you've got, you've got influential policy makers, you know,

Brian:

the Washington DC influence circuit,

Brian:

I'll just put it.

Brian:

is very, there's a lot of people who feed at that trough.

Brian:

you know, the view from, you do a view from the top segment with someone who has,

Brian:

you know, some lobbyist dollars, right?

Brian:

And then, you know, you're interviewing, I don't know, someone at like a

Brian:

Maha person and a bunch of lobbyists come and, and that, that works.

Brian:

That, that, that model works.

Brian:

I don't think there's anything wrong necessarily.

Brian:

I, I understand the point of, of keeping it simple though.

Brian:

'cause I think that is, is really, that's key because you can go in

Brian:

a lot of different directions.

Brian:

I know, I feel it

Helena:

Yeah.

Helena:

And I, I think I would be feeling differently if I, I've had really

Helena:

strong year over year growth every year.

Helena:

that's mostly organic.

Helena:

Like I'm not spending money on marketing.

Helena:

and, you know, it's working.

Helena:

It's working.

Helena:

So I'm not trying to like.

Helena:

Make the business model more complex right now, but I am fully

Helena:

aware of, you know, the different revenue streams I could be creating.

Helena:

I'm building a platform right now where I can build whatever I want on top of it.

Helena:

I also have, you know, a toddler and a 6-year-old and like there's beauty in sort

Helena:

of the simplicity of what I'm running.

Helena:

I have only part-time, I have only part-time help for food fix

Helena:

and so, you know, I'm covering the Trump administration.

Helena:

I got little kids, like I don't, I don't need to be.

Brian:

literally on your plate.

Helena:

I got a lot.

Helena:

Yeah.

Brian:

Yeah.

Brian:

So how has the growth been?

Brian:

What, what kind of numbers would you, would you give us?

Helena:

I mean at least 10 to 20% every year.

Helena:

So like, I mean, I am.

Helena:

Every year growing without, and that's including churn.

Helena:

Like I have pretty low, low churn, very, very high auto renewal rate.

Helena:

I think only like 4% of my, subscribers have AUTORENEW turned

Helena:

off, which is really great.

Helena:

so it's, it feels strong.

Helena:

It feels stable.

Helena:

you know, the biggest

Brian:

you made of Politico?

Helena:

Yes.

Helena:

Oh yeah,

Brian:

great.

Brian:

That's the line.

Brian:

You know,

Brian:

I think,

Helena:

I have a, I have a path to hiring people for sure, but it's,

Helena:

again, it's like this, some, the.

Helena:

The simplicity of it operationally.

Helena:

I mean, I say that in like, you know, I have like five part-time folks.

Helena:

I'm launching a podcast called American Dish, which people can check out.

Helena:

so it's not, I'm not saying it's like simple to run this, there's

Helena:

a lot of moving pieces, you know, like, you know how like there's a

Helena:

lot to coordinate and all of that.

Helena:

But, I do try to keep it as simple as possible for the stage of life.

Helena:

And like it used to, you know, people used to always ask me

Helena:

like, what are you building?

Helena:

Are you building a lifestyle business?

Helena:

And I'm gonna be honest, I had to Google like, what is a lifestyle business?

Helena:

Because I didn't know and

Brian:

and it's, and it's weird and weirdly, it's 90% of the time 'cause

Brian:

the type of people who use that term, they use it as a pejorative.

Brian:

And the, and the, the rest of the rest of us are like, well,

Brian:

yeah, that sounds amazing.

Brian:

Like, and they're like, no, no, it's really bad.

Brian:

I'm

Brian:

like,

Helena:

Well, you know what?

Helena:

I've come to conclude.

Helena:

Maybe journalism needs a few more lifestyle businesses, because

Helena:

maybe that's more sustainable.

Brian:

I a

Helena:

about to find out.

Helena:

We're about to find,

Brian:

You know, I feel this, and is why I wanted to have this conversation

Brian:

to have more of them is because there's like two worlds in some ways.

Brian:

There is a world of, of decline that's happening in the mass media

Brian:

market, particularly general, there's protected categories.

Brian:

Bloomberg's gonna be fine.

Brian:

The

Helena:

Bloomberg will be fine.

Brian:

Politico, you know, it's going through a little, it's gonna be fine.

Brian:

Axios is gonna ultimately be fine.

Brian:

Like the amount of money that's going into the federal government.

Brian:

I mean, you cover the snaps, a hundred billion plus.

Brian:

Like, I mean, these programs are massive.

Brian:

Like, and people looking to influence them, whether you feed at that

Brian:

trough or not, that trough exists.

Brian:

There's a reason that p semaphore, et cetera

Helena:

Mm-hmm.

Brian:

up at the trough.

Brian:

and then that's the, that's the biggest problem, not the trough itself.

Brian:

Consumer media is just totally different.

Brian:

I mean, they, they, they're looking for a lifeline, and

Brian:

just, and, and really scrambling.

Brian:

Whereas this is a really interesting area, and I feel like you are part

Brian:

of like, I call it like expertise.

Brian:

And I feel like some

Helena:

Mm-hmm.

Brian:

have expertise that as a practitioner, you know, you have

Brian:

journalistic expertise that you're, you know, so deeply embedded

Brian:

as like an analyst, really.

Brian:

I mean, you're, you're more than really I think of like, than as a reporter.

Brian:

Like you have like real expertise in this area.

Brian:

I, there's so many success cases in this.

Brian:

it's not like it's easy.

Brian:

There's a power law in everything in media, right?

Brian:

But it's working for a lot of of people, right?

Helena:

It's not easy, but there are way more journalists that could be doing this.

Helena:

I mean, just outta Politico, we've had a fair number of entrepreneurial endeavor.

Helena:

I mean, some of them are scaled, right?

Helena:

Axios Punchable, well, punchable is still pretty small, but, you know,

Helena:

they have a, a fairly sizable team.

Helena:

Now we also had

Helena:

Rachel Bay, a former playbook,

Brian:

punchbowl is is not small on in like

Helena:

not revenue, No, I think, I think

Brian:

Well, I would rather be big in revenue and small and people, that's my

Helena:

Yeah, well that's what I mean.

Helena:

That what, what I mean by not scaled is like they're not

Helena:

going after, a big high traffic.

Helena:

That that's not what they're going after.

Helena:

They are essential for, people in Washington, people

Helena:

covering the policy, process.

Helena:

I, I listen to their podcasts almost every day.

Helena:

Like I love that they're so focused.

Helena:

I didn't understand when Punchable launched.

Helena:

How that was gonna work.

Helena:

I was like, gosh, there's so many people covering the hill.

Helena:

But they saw the super hyper-focused white space of just like, Congress,

Helena:

Congress, Congress, hyper-focused.

Helena:

And it, it works really well.

Helena:

Like if I wanna know what's going on the day, on that day or that week,

Helena:

like the, that is the go-to place.

Helena:

and you know, the Washington Post has given that up, like, I mean

Brian:

it's probably me of like the like, but I think it's also like, uh,

Brian:

I'll have to talk with Anna or about it, but like, it, it's also a very savvy,

Brian:

like business like decision because

Helena:

also like 90%

Brian:

it moves, but it also, it moves them from being, I mean from an m and a

Brian:

perspective because it moves them from trying to compete to be a, a quote unquote

Brian:

platform business to being additive to someone who already has the platform.

Brian:

Do you know what I

Helena:

weren't there rumors for a while that like the Washington

Helena:

Post would buy punchbowl or

Brian:

And that, that,

Helena:

I, I'm not trying to start

Helena:

rumors.

Helena:

I think that, was a

Brian:

that that makes sense because they can be plugged into

Brian:

someone who already has the platform versus trying to build all the

Brian:

functions of a Politico or an Axios.

Brian:

You, you're, first of all, you're, you don't have a a million dollar revenue

Brian:

per employee number to go around with.

Brian:

You don't have the margins because you're spending ahead

Brian:

of, you don't have the scale.

Brian:

So it may, you have to decide whether or not you're gonna build, you know,

Brian:

what the banker type people call, like a platform business, which

Brian:

is like, you're gonna do it all.

Brian:

You're gonna have a sales engine, you're gonna have everything.

Brian:

Or if you're gonna like, prove that you have a, a narrow and deep and

Brian:

a specialist thing that you can, be plugged into like a larger, a

Brian:

larger entity, if they wanna do that.

Brian:

If they don't wanna do

Helena:

Uh, it, it'll be so interesting to see what Punchbowl does.

Helena:

I think they've done a great job owning their lane.

Helena:

on that note, I will say like, I mean, because the Washington Post

Helena:

is trying to get more into the space, I think they've hired some

Helena:

former Politica Pro folks, you know?

Helena:

I find it astonishing that the Washington Post Let Politico and Punchbowl and

Helena:

all of these, entities really own, like covering the federal government, like

Brian:

generational fumble and there have been a lot of fumbles in, in media.

Brian:

There have been a lot of fumbles.

Helena:

I, I can't even tell you how few, like food and ag events, house agriculture

Helena:

hearings, you know, whatever in the weeds, USDA, how few of them I have seen the

Helena:

Washington Post at, they do not treat, they, they, at least in my lane, they

Helena:

have not treated it as this like beat, you know, USDA is one of the largest, parts

Helena:

of the federal government and it, there's just there, they really were very focused

Helena:

on being a national paper and kind of.

Helena:

You know, more like the New York Times model sort of, and I just think, I

Helena:

mean, again, I'm not a business person.

Helena:

I just think like watching it sort of happen feels like

Helena:

a huge strategic mistake.

Helena:

And now look where we are.

Helena:

Like we have fewer reporters covering the federal government, which is

Helena:

just like a bad place to land.

Helena:

So I'm constantly horrified by like, how few reporters are sometimes

Helena:

at these like, important events.

Helena:

Although it's a little bit different under Maha.

Helena:

'cause now everything's like, everything's, there's

Helena:

a lot of attention on Maha.

Helena:

So now there's a lot of reporters at the events that I

Helena:

go to, which is, which is good.

Helena:

I, well, I welcome more coverage.

Helena:

I think it's, I think it's a good thing 'cause

Brian:

yeah, I mean you, I don't wanna say you got like lucky, but

Brian:

like it did, it did help that that RFK got, got, got chosen, right?

Helena:

for sure.

Brian:

You're one of the few, like who gets a Maha bump

Helena:

food po for sure.

Helena:

Food policy has kind of slowly become more mainstream the entire

Helena:

time I've been covering it.

Helena:

But there's no question that Maha has taken it to a new level and what

Helena:

it's really done is taken it out of this like more left coded thing.

Helena:

Like there was a time when, you know, it was Michelle Obama talking

Helena:

about food policy and everyone was like, this is the nanny state.

Helena:

And you know, my mayor Bloomberg in New York was like

Helena:

literally put in a nanny dress.

Helena:

Like, I can't remember which publication it was.

Helena:

Put 'em on the cover.

Helena:

So, you know, that is

Brian:

What?

Brian:

When he tried to ban the soft drinks, I was

Helena:

He was trying to ban the big gulps.

Brian:

when you go after like Coke and Pepsi, like they come, they come.

Brian:

They were like,

Helena:

But what's interesting is now RFK does not care at all.

Helena:

He bashes them regularly.

Helena:

It's a totally different era.

Helena:

And it's almost like Nixon could, was the one that could open up China.

Helena:

Like, 'cause you couldn't call him a communist.

Helena:

It was like the rights now, like.

Helena:

They're like, screw soda.

Helena:

We're not doing that in Snap.

Helena:

I mean, it's wild to watch.

Helena:

It's a real, there's a super interesting like political realignment that's

Helena:

happening happened at the same time that it's like become more mainstream.

Helena:

So it's a really interesting political story for me to cover because

Helena:

there's a ton of policy implications, but also I'm watching these like

Helena:

fascinating realignments happen.

Helena:

and I can see it because I covered the Obama era.

Helena:

So like I have the luxury of focus in that way.

Helena:

Like I have all this memory of how all this shit went down, right?

Helena:

Because I was there.

Helena:

And so it's been really helpful in that way.

Brian:

And, and that perspective really helps because I think when

Brian:

we're in the moment of like great change or realignment, because we're,

Brian:

we're, it's not only daily, it's like minute by minute like that we

Brian:

lose sight of how massive the shifts have been in, in all kinds of areas.

Brian:

In, in politics where when you go back 15 years, we're like, wait a second.

Brian:

This was a major issue for the other side.

Brian:

Like, I mean, this is like really shocking, um, changes in a lot of these

Brian:

areas that sometimes I think because our politics have gotten so tribal

Helena:

Yeah.

Helena:

In short term, the cycle, like the memory is short.

Helena:

So Short term, yeah.

Brian:

I mean just the, the fact that yeah, there's, there, there's

Brian:

so many different areas of this.

Brian:

So what like percentage of your subs, your audience is people

Brian:

who read food fix for their jobs.

Helena:

So I have about a 10% conversion rate from the pay or from

Helena:

the, from the free list to the paid

Brian:

Really?

Brian:

That's great.

Helena:

Yeah.

Helena:

I am very proud of that.

Helena:

but I think part of it is that if you're signing up for food policy newsletter,

Helena:

you're already a little bit more.

Helena:

Prone to like working in the space or, like a good example would be like, you

Helena:

know, someone who's a food lawyer or someone who works at a regional food bank.

Helena:

Like they might have a budget for media and so they, they might get it.

Helena:

And then it's also like, you know, people who work on Capitol Hill and who,

Helena:

people who work for the government and people who work at trade associations.

Helena:

So those, that paid list is mostly people who work in it.

Helena:

There's some random people who are just, you know, have money

Helena:

to burn and are really interested and wanna, wanna read it.

Helena:

But it is mostly people who work in it.

Helena:

The vast majority of paid food, fixed readers are getting it expensed.

Helena:

and they're renewing year over year because it's just like a

Helena:

part of their, part of their jobs.

Helena:

And the most churn I have is people switching jobs.

Helena:

That's the biggest thing.

Helena:

And they'll, they'll send an email being like, I'm gonna resubscribe off my, you

Helena:

know, as soon as I get on my new email.

Helena:

So I, it's sticky.

Helena:

It's a, it's a habit, you know, I hear from people all the time.

Helena:

They're like, I like wait for it to come.

Helena:

Like, I, you know.

Helena:

I open it when it comes in.

Helena:

Right?

Helena:

It's like a, almost like an event.

Helena:

that's not everyone, but there's definitely some, some loyal

Helena:

readers, who, who read it right when it comes to their inbox.

Helena:

And, it's been great.

Helena:

I mean, I knew there was white space, because I, you know, saw

Helena:

that the other media outlets weren't seeing this as a beat.

Helena:

So, and even trade publications, there actually isn't a trade publication

Helena:

that just covers food policy.

Helena:

There's a lot of really great, agriculture, like production

Helena:

side trade publications.

Helena:

so they're much more focused on like farm subsidies and conservation programs

Helena:

and sort of like the other side of USDA, like the more the production side.

Helena:

So I don't really touch that stuff at all unless there's a big Maha fight over it.

Helena:

Like today I was writing about pesticides, but that's because

Helena:

there's a big Maha fight and there's other implications to that.

Helena:

So.

Helena:

You know, the food policy side, there just isn't like sometimes food dive

Helena:

or these other verticals will touch on it, but it's not, it's not their focus.

Helena:

So

Brian:

Do you

Helena:

I kind of have the lane to

Brian:

Well, do you think of, because I always think, you know, it seems

Brian:

like you're very disciplined about this, like, you know, but you know,

Brian:

when you, when you reach, I don't know, it's like content market fit, right?

Brian:

You think about, okay, well how do I expand the aperture?

Brian:

You know, you add in and there's a lot of different, you know, ways to

Helena:

Adjacent.

Helena:

Yeah.

Helena:

Mm-hmm.

Brian:

how do you, how do you think about that?

Brian:

Or is that just something you, you wanna stick to?

Brian:

Like food policy?

Brian:

You, you don't wanna build the, like, you know, the food industry publication.

Helena:

I am still kind of deciding.

Helena:

I mean, I get this question a lot, like, what are you building?

Helena:

Right?

Helena:

And this used to really stress me out because I didn't really

Brian:

Because you thought you should have an answer.

Brian:

I always thought, I was like, I should have an answer.

Brian:

I

Brian:

let me make something up on the spot.

Helena:

I feel like, well I'm really, you know, it's working,

Helena:

I'm considering what, what to do.

Helena:

And I've started to be less stressed out about this because like, I

Helena:

am building this very sustainable platform, this upon which I can either

Helena:

stay the course and build a really strong, loyal, food fix audience

Helena:

and keep building it brick by brick.

Helena:

And that's great.

Helena:

And that's a success.

Helena:

Or like, there definitely is space for food fix to be broader, to like, have,

Helena:

you know, I see other niche lanes that are kind of adjacent that that would work.

Helena:

And that's just a different, that's just a different path.

Helena:

Right.

Helena:

And

Helena:

I can

Helena:

do either

Brian:

and I feel like a lot of outside people who haven't been down

Brian:

this path don't quite understand that like, optionality is really important

Brian:

to people like you, people like me.

Brian:

Like, I mean, having that, having those options I is, is really

Brian:

valuable because going out and going down, you're, you know, you're

Brian:

a small business owner, right?

Brian:

And like, I don't, I don't wanna speak for you, but you probably didn't think

Brian:

that you would be like a running your own business when you went into journalism.

Helena:

no.

Helena:

I'm also an accidental journalist, so like

Brian:

Yeah, so like, there's lots of stuff

Helena:

Yeah.

Helena:

Yeah.

Brian:

but like, you know, the having optionality I

Brian:

feel like is doubly valuable.

Brian:

And, and, and I think it's underrated, I feel like, to a lot of, I don't wanna

Brian:

say like business people, but like the, the people, you know what I mean?

Brian:

Like, they are the, like the business minded

Brian:

people, because usually they're playing with other, they're usually,

Brian:

they're using other people's money.

Brian:

They're gonna make a ton of money one way or the other.

Brian:

And like, you left Politico and you're like, I mean, I don't know,

Brian:

maybe, maybe, you didn't have to get the health insurance, but

Brian:

like, you know, you've got all

Helena:

health insurance is a nightmare.

Brian:

you know, you've got two kids and you got like Bill, and like, you know,

Brian:

you don't, you're not guaranteed anything.

Brian:

when you, when you start your own business, like

Helena:

You're, you're not, you're not guaranteed anything.

Helena:

And that was scary.

Helena:

But, you know, it's interesting.

Helena:

I always felt like I had a lot of job security at Politico.

Helena:

I was really good at what I did.

Helena:

I won them a bunch of awards.

Helena:

I know I made them a lot of money because our team was excellent and they were

Helena:

selling really expensive, subscriptions.

Helena:

So like I, I could have stayed there.

Helena:

I had a great job.

Helena:

I, I felt like I had job security.

Helena:

That wasn't why I left.

Helena:

But what's weird now looking back, is I realize I actually

Helena:

have more job security now.

Helena:

I have control over my destiny as a reporter.

Helena:

I get to still practice journalism, hold, agencies to account and

Helena:

do a lot of the same things.

Helena:

there are, I certainly miss, you know, having great colleagues and

Helena:

there's a lot of, you know, bells and whistles and tools and stuff that

Helena:

a newsroom has that I do not have.

Helena:

but it's, it's honestly been great and I wish I had done it sooner, honestly.

Helena:

the control, the having the option of like going in different directions,

Helena:

choosing who I work with, like picking editors who, make me smarter

Helena:

and are a pleasure to work with.

Helena:

Like these small things that I didn't really think about.

Helena:

Have been great.

Helena:

Like, and I think there are some upsides that I, you know, I wasn't

Helena:

doing it to have more job security.

Helena:

I didn't think about it that way.

Helena:

But I think in the end I ended up, realizing that it made a lot more

Helena:

sense to do this in a lot of ways.

Helena:

which is just so crazy for me to, it's even crazy for me to hear myself say that

Helena:

because I would've never thought that I'd be someone who would launch a company.

Helena:

Like I just wouldn't, wouldn't have thought that.

Helena:

So it's been a great journey, and I'm really actually glad to see a lot

Helena:

more reporters going down this road.

Helena:

I understand many of them will.

Helena:

Be going down this road against their will.

Helena:

Right.

Helena:

They're not necessarily, I think because of all the uncertainty, it's

Helena:

gonna force more people to do this, but, but many of them will succeed.

Helena:

Not all of them, not all of them, but many of them will.

Helena:

And I think there is a future where there are more small, you

Helena:

know, you're either gonna do it on expertise or maybe your big scale.

Helena:

Obviously like the Don Lemon models is different.

Helena:

but people are making it work and you hopefully will have a whole

Helena:

stable of journalists who are still, you know, holding power to account,

Helena:

fact checking and like running solid stories, uh, using that model.

Helena:

So I think it's gonna be part of the equation

Brian:

Yeah.

Brian:

So the, the, the email i, I had referenced, you talked about you would,

Brian:

you didn't consider yourself a creator, you know, and I don't, it probably doesn't

Brian:

line up with, with the work you do.

Brian:

Right.

Brian:

but we don't have, I guess you're just like an independent journalist.

Brian:

I'm not like, too hung

Brian:

up on, on, on labels.

Brian:

do you feel like you can be as ambitious journalistically

Brian:

as you were within Politico?

Helena:

that's a good question.

Helena:

So I am not doing 5,000 word magazine pieces with like amazing

Helena:

graphics that took a team to create.

Helena:

I'm not doing those anymore.

Helena:

I could be, partnering with other, you know, media outlets Right now.

Helena:

It's more of a bandwidth thing.

Helena:

I am still though holding agencies accountable when they, you know, when

Helena:

their actions don't match their words.

Helena:

Like, I mean, I do that often.

Helena:

So I think it just takes a different format.

Helena:

Right?

Helena:

It's much less, The typical article format, and it is like a very

Helena:

traditional newsletter format, which is a little more voicey, a little

Helena:

bit more informal, but I still view the function of it to be similar.

Helena:

Like it has to be, informative, it has to have original reporting.

Helena:

and, you know, I've been in this space long enough that like most people will

Helena:

pick up the phone when I call now, you know, like, maybe they won't be

Helena:

on the record, but like, I've really been owning this beat long enough that

Helena:

I'm able to write from like a place of authority that is, is not only helpful

Helena:

for me to run a business that way, but it's helpful for the audience.

Helena:

Like, I get a lot of feedback.

Helena:

People say it makes them smarter in their meetings, which you always like to hear.

Helena:

It makes them understand what's going on, better.

Helena:

And that's sort of the goal is that you're informing people and trying to, you know.

Helena:

I guess shine some lights where, where you can, but, certainly it's different.

Helena:

I'm not writing, you know, these big takeout pieces.

Helena:

And I think places like Politico are struggling with whether or not to do those

Helena:

stories anymore, like at all, because it takes a lot of resources and you're not

Helena:

getting the same ROI that you once did,

Brian:

Yeah.

Brian:

It doesn't make sense on a spreadsheet for a lot.

Brian:

I mean, this is just the reality of the business, and I think one of

Brian:

the knocks of this decentralization, particularly when it comes to

Brian:

journalism, is inevitably, I mean, I'm part of it, like, you

Brian:

know, the, the economic incentives are to do less reporting.

Brian:

They, they are because you're, you're so stretched thin.

Brian:

Okay.

Brian:

That.

Brian:

Look, we've, we've all been through this with the aggregators and whatnot.

Brian:

Like when whatnot, you know, it is like, oh, you, like, I would hate

Brian:

like a, we would like work really hard on like a story under uncovering

Brian:

something at like, Digiday and then like Business Insider would

Helena:

I would

Brian:

like, put into a slideshow.

Brian:

And I'm like, that's a ripoff.

Brian:

and I, I get that like, you know, there's people who do podcasts, you know, like

Brian:

me, like, and, and I'm not doing a lot of the original reporting and a lot

Brian:

of the incentives in the, what I call the information space are to, to, to

Brian:

stay on the analytical or if you're in politics on the, the, the opinion

Brian:

and, and the shouting and the, level.

Brian:

I mean, I think that, that connecting the dots when done well is, is a,

Brian:

a is, I guess it's broadly like journalism, but I think on the

Helena:

Oh, it's helpful.

Brian:

reporting it's.

Brian:

That is the knock, like whether or not this decentralization will, one of the

Brian:

trade-offs will be far less reporting.

Brian:

Like for instance, there was this controversy, I don't know if you saw

Brian:

with the, the, the Cleveland, like is a plain dealer like editor, who they were

Brian:

saying to, reporter, interns that you're just gonna be reporting gathering thing

Brian:

and then you're not gonna be doing the writing, like the writing's gonna be

Brian:

done through this AI process and whatnot.

Brian:

And a lot of people were outraged.

Brian:

And I kind of got that, you know, I'm a writer, I guess spiritually.

Brian:

but at the same time I was like, realistically, I, it's

Brian:

better for a reporter to be reporting than, than writing.

Helena:

yeah.

Helena:

I mean, I, I agree with you.

Helena:

I, I, I do think that I've been somewhat helped.

Helena:

I mentioned I was a accidental reporter.

Helena:

I didn't go to journalism school.

Helena:

I, I wrote my thesis on food policy, and that's how I fell

Helena:

into reporting kind of random.

Helena:

you know, I was interested in the subject area, subject matter first, so I did

Helena:

not grow up wanting to be a reporter.

Helena:

I don't have the same romantic attachment or like nostalgia for like, the old

Helena:

way of doing things like the newspaper.

Helena:

Like, you know, a lot of, a lot of people grew up, who wanted to be

Helena:

reporter since they were like five, and they have this very specific

Helena:

idea about how things should work.

Helena:

I am thankful I don't have that, like I view reporting as super essential

Helena:

to like a functioning democracy.

Helena:

So important.

Helena:

Journalism is very, very important, but I don't have that like romantic sort of,

Helena:

this needs to be done this certain way.

Helena:

We have to have print, whatever.

Helena:

I had a mixed reaction to that as well, because I think that.

Helena:

Journalists need to be focused on what humans can like very

Helena:

uniquely do that AI cannot.

Helena:

And that is to call people other people and talk to them, figure out what is

Helena:

actually going on, talk to them off the record, talk to them on background, like

Helena:

figure out what is actually going on.

Helena:

Go interview people on the street.

Helena:

These are things that, you know, the robots can't do.

Helena:

So we should be focusing on like, what can we do?

Helena:

No one should be spending their time rewriting stories,

Helena:

rewriting press releases.

Helena:

Like I think that that era is gone.

Helena:

so we do, we have to adapt, we have to change.

Helena:

I get the knee jerk sort of like, yikes.

Helena:

that is scary idea that the machines are like deciding which quotes are in or not.

Helena:

But like that probably is the way the world's going.

Helena:

And like we need to figure out, how to do it responsibly.

Helena:

How to have the right editors.

Helena:

I mean, even A A RP is using AI to edit, like recall notices.

Helena:

Like I, like you go to their website.

Helena:

A A RP is like, you know, has some of the biggest scale in media.

Helena:

People don't realize this 'cause there's so many people that belong to a RP.

Helena:

and you know, A A RP is using AI to edit, like recall notices because you know

Helena:

everyone but especially the elderly who their immune systems are not as strong.

Helena:

Like they need to know about recalls.

Helena:

So they're using AI to rewrite those.

Helena:

Well, when I started my career, at Food Safety News 15 years ago, I was rewriting.

Helena:

Call notices.

Helena:

There's no, that's not something reporters probably should be doing anymore, unless

Helena:

you're adding some original reporting.

Helena:

And so we are gonna have to adapt.

Helena:

We're gonna have to change.

Helena:

We need to lean into what, humans can uniquely do.

Helena:

I will say though, I have learned that people love the curation

Helena:

and aggregation, and it's weird.

Helena:

I've, I've actually expanded the, like what I'm reading section in

Helena:

the newsletter because I got so much feedback that it was so helpful.

Helena:

And I do think probably eventually that will just all be done by ai.

Helena:

Like, but people freaking love it.

Helena:

They, they're overwhelmed with information.

Helena:

And as the reporter, I'm like, this isn't original.

Helena:

I'm not writing this.

Helena:

Why do you, people want, you know, why do you want this?

Helena:

And, but

Helena:

they, they want the

Brian:

I was like, I was like, oh, this, like, what shouldn't

Brian:

machines be doing this?

Brian:

but maybe, I don't know, like,

Helena:

have, I have a human help me do it because it, you know, and we really

Helena:

take time to think about like what should be in and what should be out.

Helena:

So

Helena:

maybe that is a uniquely human thing.

Helena:

Yeah.

Helena:

That's

Brian:

five people like working like part, like, so what, what

Brian:

do you, like, who do you have?

Brian:

Like, like which functions?

Helena:

I have two editors.

Helena:

I have a podcast manager.

Helena:

I have a VA and an editorial assistant, and then I have really part-time tech

Helena:

help, like, basically like a on call, like if something, but I will say

Helena:

I use member full to, this is not a plug for, no, this is not Paid Plug

Helena:

for Member Full, but I use member Full to, to monetize the, the site.

Helena:

And they, have a really great, really great team and they're super

Helena:

responsive and like, so I also have a lot of, if anything ever gets weird,

Helena:

I have a lot of help from them too.

Helena:

So, you know, it's a pretty lean operation.

Helena:

But you know, it takes, you know, this, I'm not gonna learn how to code anything.

Helena:

I'm just not gonna do

Brian:

you don't need to do that anymore.

Helena:

well, but I don't even know how to not code and make stuff.

Helena:

You know what I mean?

Helena:

Like that you have to learn how to do that.

Brian:

I think the bigger, I think the bigger decision is on

Brian:

the business model side, right?

Brian:

Is like you, you don't, you're, you don't have ads, you don't do events.

Brian:

Right?

Brian:

And like

Helena:

Not yet.

Helena:

I probably will eventually do

Brian:

okay.

Brian:

'cause that's the, I think those are like the questions because

Brian:

that is where the complexity,

Helena:

Yes.

Brian:

is because when you have, when you have clients, you've got

Brian:

an entirely different business.

Brian:

I

Helena:

Entirely.

Helena:

I'm aware.

Helena:

Yeah.

Helena:

Yeah.

Brian:

I, I spend.

Brian:

80% of my time on things that have nothing to do with the content,

Brian:

um,

Helena:

that, yeah, you've got a lot of events and webinars and you got a lot

Helena:

going on.

Helena:

I think about that.

Helena:

I'm like, gosh, his calendar.

Brian:

it's stressful.

Helena:

one thing I, we do

Brian:

That's why I'm, I'm very jealous of your model.

Helena:

well, we, I wanna get into institutional subscriptions,

Helena:

which is more complex to set up.

Helena:

I actually have the tech, I had the tech built to do this, but

Helena:

running the process of institutional subs is a different thing.

Helena:

Right.

Helena:

You're talking more high dollar.

Helena:

You, you got contracts involved, you have some tech, like, there's, ip,

Helena:

it's just, it's

Helena:

more

Brian:

right?

Brian:

Because like you, everyone wants things bought and just

Brian:

very few things are bought.

Brian:

Like most things are sold, like subscriptions are bought.

Brian:

And the reason I think that journalists, were very attracted

Brian:

to models like Substack is because.

Brian:

They didn't wanna sell to

Brian:

anyone.

Brian:

And I

Brian:

there like, there's, there's the church and state thing, but

Brian:

really they didn't wanna sell.

Brian:

Like there's type of people.

Brian:

And when I tell this to like, people who are like salespeople by nature, like,

Brian:

I'm like there, you know, there's a lot of people out there who don't like

Brian:

to ask other people for money, right?

Brian:

And they're like, what are you talking about?

Brian:

I'm like, no, seriously.

Brian:

I'm one of them.

Brian:

Like, there, there's a lot of us out there and I think a

Brian:

lot of journalists don't like,

Helena:

yeah.

Helena:

I don't really send marketing emails.

Helena:

I do.

Helena:

I know people are like, what is wrong with you?

Helena:

but I

Helena:

do, you know, in every free

Brian:

think it's a personality type.

Helena:

the, free, the free newsletter is like top of funnel in a way.

Helena:

Like, so it's, I always have at least two blurbs in there that are

Helena:

like, you know, you're missing out if you're not getting the paid addition.

Helena:

And,

Brian:

You're good with the consistency.

Helena:

it's, yeah, we, it's, but it's not where I'm not hitting

Helena:

people over the head with it.

Helena:

And also I have, like, if someone is on SNAP or WIC or one of

Helena:

these federal nutrition programs, they can get it for free.

Helena:

They just email and, Yeah, it's working.

Helena:

So for right now, we're

Brian:

Okay, so you're you're adding a, a podcast and what

Helena:

It's called American Dish.

Helena:

Everyone should

Brian:

American Dish.

Brian:

It's a little bit more consumery I felt like than, than I was expecting.

Brian:

So, so talk,

Helena:

So, American Dish, launches March 4th.

Helena:

the idea for the podcast is a little bit, is a little bit

Helena:

responding to the moment we're in.

Helena:

So I've been doing this for a really long time.

Helena:

I've been covering food policy for, you know, more than 15 years, and now all

Helena:

of a sudden everyone is at my party.

Helena:

Like everyone's talking about food policy.

Helena:

We've got all the, you know, there's all the wellness podcast people, there's

Helena:

the manosphere, there's the Silicon Valley biohackers, like everyone is now.

Helena:

Coming to this in different ways.

Helena:

And so I am trying to take a step back and have it be a little bit more consumer

Helena:

facing, like ta I'm sitting down and talking to some of the smartest people

Helena:

in the space to zoom out because so many people are getting their information

Helena:

now from these like super short clips that are super alarmist or black and

Helena:

white or really like oversimplified.

Helena:

And so, you know, being the policy reporter, I am, I'm like,

Helena:

let's, let's go into the nuance.

Helena:

Let's like dive into it more.

Helena:

And also we're gonna pull short clips out of it.

Helena:

And I refuse to make real, we don't really do social media as like a focus

Helena:

other than LinkedIn because again, the whole point is to get someone

Helena:

on the free list and then hopefully, eventually convert them to paid.

Helena:

I am not randomly finding those people on TikTok.

Helena:

Like that's not.

Helena:

You know, and you don't own that channel.

Helena:

So, it is a little bit of a play into experimenting more with social, but

Helena:

I have found that podcasts appearing on them, in any way, like it's a

Helena:

much more evergreen marketing thing.

Helena:

Like people will find the podcasts from like interviews I

Helena:

did years ago, 'cause they might be searching a particular topic.

Helena:

And so part of it's just an experimentation of like another

Helena:

way to market without marketing.

Helena:

and also I find podcasting very easy compared to writing the newsletter.

Helena:

it's just, you know, I know the people.

Helena:

Yeah.

Helena:

I listen to

Brian:

I feel guilty as I, I do more podcasting.

Brian:

'cause I've always, I always thought about

Brian:

it as like soft, soft retirement for writers.

Brian:

Once they got too tired.

Brian:

That's why, that's why there's so many

Helena:

It's hard to set up.

Helena:

I will say I've spent like a lot of time on the, like pre-launch, like

Helena:

setting it up is a lot of work, like way more work than I think I understood.

Helena:

But the actual act of doing it is, and it's very natural for journalists too.

Helena:

'cause like, we're curious, we have a lot of questions.

Helena:

I know a lot of these people, so like, you know, it's easier for me to get

Helena:

bigger names to come on just because I know I've been in this space for a

Helena:

while and so, but it is a little more B2C I, I'm not initially monetizing it.

Helena:

I probably will eventually.

Helena:

but we'll see.

Helena:

Like, I don't want anything, anything that is monetized on the podcast will

Helena:

not have a like, direct conflict.

Helena:

So if anyone wants to like, sell knives or like, you know, something

Helena:

that's not, anti like farm Bill or whatever their thing is, right?

Helena:

Like,

Brian:

Don't take

Helena:

to me,

Brian:

way, but you're s even though you're an accidental journalist,

Brian:

this is such a journalist approach.

Helena:

I know.

Helena:

Oh, I

Helena:

know.

Helena:

I make

Helena:

no

Brian:

selling, selling ads is a, is, is horrible.

Brian:

And it's so hard.

Brian:

And then like a journalist is like, not only am I gonna sell, sell ads,

Brian:

but I'm gonna, I'm gonna type both of my arms behind my back and be like,

Brian:

I have this super valuable niche, and instead I'm gonna sell it to

Brian:

the Ginsu knives people instead of,

Helena:

if you're listening, I am open for, I'm like, I will not be

Helena:

covering anything related to, I don't know what their issues are, tariffs

Helena:

related to materials, whatever.

Helena:

Like I'm all for it, so

Brian:

talk to me about that.

Brian:

So you're just like totally anti ads then.

Helena:

I'm not anti adss.

Helena:

I'm anti ads that present a conflict or that appear to present a conflict

Brian:

Is it because you sell them?

Brian:

Why don't you just have someone else sell 'em?

Helena:

yeah, I could have someone else, but it's just, it's, there's just not.

Helena:

A lot of distance, and it's still my name that goes in your

Brian:

Ah, interesting.

Helena:

one day when it maybe isn't my name.

Helena:

Just going when it's not as much of an individual.

Helena:

If I go that direction, then that's different.

Brian:

Have you decided if you want to go that direction or you, you

Brian:

haven't decided, it sounds like,

Helena:

I think I probably eventually will expand with more people.

Helena:

but I do not have like an immediate plan to do that.

Helena:

you know, we'll see how it goes.

Helena:

But again, it's the chasing the toddlers, covering the Trump administration,

Brian:

yeah, and so that's a complexity thing.

Brian:

And also I think one of the things

Helena:

I think having full-time employees is a different, is just a different

Brian:

did you manage people at Politico?

Helena:

Mm-hmm.

Helena:

I mean, I mentored a lot of people.

Helena:

Yeah.

Brian:

but that's different.

Helena:

Yeah.

Helena:

No, it's different.

Helena:

it's different.

Brian:

It's different.

Brian:

I think a lot of people in this area, struggle with the first hire.

Helena:

Yeah.

Helena:

Oh, I think it's

Brian:

mean fractional, I don't mean like, you know, part-time

Brian:

people getting a podcast producer.

Brian:

I

Brian:

mean,

Helena:

no.

Helena:

Yeah.

Helena:

Yep.

Helena:

a full-time person?

Brian:

no, I only have fractional.

Brian:

I, I tried, I, I went down the path of like a full-time hire and I

Brian:

didn't, it didn't, I didn't love it.

Brian:

Like be, and not, not against the, person, but

Helena:

Well, it's hard because what you need is so many different things.

Helena:

It's hard to think about what that role is.

Brian:

Weirdly in media, media needs more business.

Brian:

Not, it's weird because like generalists really bad, tough area when you're a

Brian:

journalist, generalists on the business side of media really valuable, at

Brian:

least to me and to, to you and to

Brian:

other people because like you, you have real needs.

Brian:

That are not full-time jobs.

Brian:

And a lot of people have narrowed and become specialists in such an too

Brian:

much, in some ways because you need them to do three different roles.

Brian:

And at least what I have found is not a lot of people can, can do that.

Brian:

I, I guess that's like natural and so you end up going to a fractional approach

Brian:

because otherwise the reality of this, these models is a lot falls on you.

Brian:

Like you just can't outsource, you know, stuff like, you

Brian:

know, like I'm sure like if,

Helena:

this is part of why I don't do ads is that I am

Helena:

aware of like the operational, like set up needed to do that.

Helena:

I mean, vaguely.

Helena:

Right.

Helena:

And it is more, It's more work to show the, the, you know, the impact of those.

Helena:

It's just a whole other workflow that I don't have, and it's

Helena:

really nice to not have it.

Helena:

What I am seeing happen, which I think is great, is there's more, businesses,

Helena:

consultancies, whatever, kind of springing up to serve kind of like you and me.

Helena:

Like, whether it's like, PR targeted to more like solopreneurs or,

Helena:

or even just journalists, really specifically like looking at event

Helena:

planning, like live podcast setups.

Helena:

I, I'm seeing more of that start to happen, and I think that

Helena:

there's a real space for that.

Helena:

Like, you know, maybe you don't have a full-time events person, but you

Helena:

have like a go-to agency or small consultant group where you're like, oh,

Helena:

th these are my folks who I bring on.

Helena:

And maybe there's like an arrangement every time that's different about how you

Helena:

make that work, but I, I really think that's missing.

Brian:

To me, that's the infrastructure, like infrastructure is not just technology

Brian:

and the tech people will, will pretend it's, it's just technology platforms.

Brian:

But the reality is, no media business is primarily journalists.

Brian:

Journalists are a minority of those businesses.

Brian:

Now why is

Helena:

Yeah.

Helena:

And they're viewed as cost centers instead of

Helena:

like

Brian:

there, there are some things that like, you know, but like the,

Brian:

the, the reality is there's a, the publishing function is far beyond.

Brian:

There's a lot of people there doing a lot of different things.

Brian:

And when you go to a very lean, independent model, you have to

Brian:

decide which of those things you're gonna do because you're

Brian:

going to need infrastructure.

Brian:

And, you know, I think that, and I, there's a lot of people who are

Brian:

trying to build these kind of things that are basically a shared services,

Helena:

Mm-hmm.

Brian:

model where.

Brian:

You can tap into a shared services for growth, for, for sales, for

Brian:

events, and for, for other things, because it is, it is a lot like when

Brian:

you start to add clients, like you add clients, like, I mean, that,

Brian:

that, that comes with obligation.

Brian:

It just doesn't come with like, money.

Brian:

Like you gotta, like, you gotta serve the clients.

Brian:

You gotta, do the reports and you've got to, and the reality is

Brian:

a lot of the monetization outside of subscription is not turnkey.

Brian:

It starts to look like an agency.

Brian:

It starts to look like a

Helena:

yeah.

Helena:

yeah.

Helena:

And that's a lot of work on your plate.

Helena:

Yeah.

Brian:

yeah.

Brian:

So, I admire your,

Helena:

you.

Helena:

Well, it, I think the fact that I'm still growing gives me, some more

Helena:

runway to like push those decisions off.

Helena:

Right.

Helena:

but we'll see, we'll see when, when the business hits a wall, if

Brian:

well, it's impressive that you haven't hit a subscriptions wall because

Brian:

usually people who go down your path hit that wall after a couple years.

Brian:

It's like the first year it's like amazing.

Brian:

It's growing, it's great and everything.

Brian:

And the reality of any subscription business that I've seen up

Brian:

close is you hit a wall and then it becomes incremental.

Brian:

It becomes optimization tactics.

Brian:

And guess what?

Brian:

That's a lot more like specialized work that a lot of

Brian:

like journalists don't, haven't done before.

Helena:

Oh, I'll, I'm gonna be consulting people when we hit that because I, yeah.

Helena:

I don't have an interest in spending time on that either.

Helena:

And I think knowing that is part of.

Helena:

Is good, right?

Helena:

Be like, I'm not gonna learn how to do that.

Helena:

I'm gonna find someone to do that.

Helena:

you know, do you know what your total addressable market is?

Helena:

Your tam I had to like Google all these things, right?

Helena:

'cause I was not an entrepreneur.

Helena:

I realize that's also a made up number.

Brian:

I mean, I, to me, to me, the, the, the, the tam stuff

Brian:

is, is it's done for investors.

Brian:

It's made up and it's, it's always far bigger than it really

Helena:

Yeah.

Helena:

All the media biz people were trying to tell me how to calculate this, and

Helena:

I was like, this is not something I can

Brian:

uh, yeah, and you're pro your, your time is probably better spent, like

Helena:

yes.

Helena:

Yeah.

Helena:

Yeah.

Helena:

And, but I, I don't think I've hit, like there's still room to

Helena:

grow, so we'll keep trekking along.

Helena:

yeah, it's, and then, you know, we'll see where this goes.

Helena:

I think, Maha has like ripped open a new kind of.

Helena:

Dimension of food policy and like, it'll be interesting to

Helena:

see where that goes next, so

Brian:

for sure.

Brian:

I think the, just one, one final question on, on the Maha stuff and,

Brian:

and your, 'cause we, we've talked all about the business stuff, but,

Brian:

I eat and so I'm interested in this.

Brian:

can you tell me why those of us who like go, take trips to Europe and whatnot,

Brian:

why, and I'm sure you've gotten this question, I mean, it's kind of like for

Brian:

me, like, you know, being close to the ad tech world, getting asked like, what are,

Brian:

are they listening to us on our phones?

Brian:

'cause I swear to God, I got an ad right after we talked about this

Brian:

or that.

Brian:

Why do, why do we feel better?

Brian:

feel fine.

Brian:

We'll eat pasta all, all week in, in Italy and stuff, and we'll feel like

Brian:

light is a feather and we'll come back here And, we feel bloated and I feel

Brian:

like they're Maha has taken off because we keep being told that it's not.

Brian:

No, no, no.

Brian:

It's because you walk more and like, everyone's like, you're just lying to us.

Brian:

You've gotta be kidding me.

Helena:

So, I mean, the truth is we don't know, like no one is

Helena:

incentivized to answer that question.

Helena:

Like who, who has the financial incentive to answer that question?

Helena:

Right.

Helena:

it is so common though, to hear that discussed.

Helena:

It is so common now that Republicans are praising Europe, right.

Helena:

Because of how much better they feel when they travel there.

Helena:

And that honestly is something you, that is one of the driving

Helena:

narratives of Baja, is that Europe's food is better than the us.

Helena:

I mean, they, they don have a more precautionary regulatory system.

Helena:

So there's just a lot of things that they just don't allow, like additives.

Helena:

And they're, they, they're, they're more cautious, that's for sure.

Helena:

But

Brian:

Fanta tastes different in

Helena:

well, it

Helena:

has different ingredients.

Helena:

It

Brian:

and has different ingredients, and I constantly feel like United

Brian:

States corporations are serving us.

Brian:

I'm gonna get all conspiratorial here.

Brian:

They're serving us crappy crappier food and crappier

Brian:

products than they are in Europe.

Brian:

You go to a Starbucks in Europe, it looks totally different

Brian:

than the ones here you go.

Brian:

I'm like, why are we getting the crappy stuff?

Brian:

crappy food.

Brian:

Like, we can't even make butter that tastes right.

Brian:

Like, and, I don't understand.

Brian:

We have a lot of cows.

Brian:

why does Europe, why does, why does butter taste completely different in

Helena:

It, the regulatory system is totally different.

Helena:

And also it's cultural, right?

Helena:

Like in Europe, they have a much, generally they have a

Helena:

much stronger attachment to like, local and regional food.

Helena:

And like, I mean, God forbid you call sparkling wine from

Helena:

California champagne, right?

Helena:

Like the, this, there's a lot more,

Brian:

Like towns

Brian:

in Italy have, have their own pasta,

Helena:

uhhuh.

Helena:

So part of it's culture, but we actually don't know.

Helena:

And like, this is one of my soapbox, the soapbox that I always get on.

Helena:

We, there are so many questions about nutrition and, health that we have

Helena:

never studied because there isn't a lot of federal investment in it.

Helena:

So like.

Helena:

We don't actually know why people eat more calories when they eat processed food.

Helena:

Like we don't know the answer to that.

Helena:

Even though most of the American diet is now ultra processed and

Helena:

now everyone's talking about ultra processed food, we like lack basic

Helena:

science around some of these questions.

Helena:

And everyone always asks the Europe thing like, because you hear like,

Helena:

oh, is it just 'cause I was walking?

Helena:

Am I less stressed?

Helena:

Are people around me less stressed?

Helena:

'cause they are, they seem like they're enjoying themselves, right?

Helena:

So what is the food?

Helena:

What is it stress?

Helena:

Maybe it's all the above.

Helena:

Maybe all those things are working together that you're on vacation,

Helena:

you're walking more, you're less stressed and the food is different.

Helena:

I mean, this is a study that could be done, done.

Helena:

There is actually, Todd Wagner, who I think was business partners with

Helena:

Mark Cuban does a lot of work in this space, like food additives.

Helena:

And he was.

Helena:

Actually, the reason he got into this is because he would have

Helena:

migraines in the US and they would go away when he went to Europe.

Helena:

And he was just like, are you kidding me?

Helena:

Like, something is not right.

Helena:

And he's actually like, helped them pass like additive bands in

Helena:

California and like is working on this.

Helena:

And it is a precisely because of that personal experience and like,

Helena:

we don't have the science to back it up, but like anecdotally, people get

Helena:

really fired up about this and like, you know, I, I, I don't, I never like

Helena:

dismiss someone's personal anecdote.

Brian:

Well enough people have them.

Brian:

And if you have enough experience with it, you're like, this is, this is real.

Brian:

This is true.

Brian:

Um,

Brian:

so

Helena:

part of MAHA now.

Helena:

Brian,

Brian:

no, forget about the Mexican Coke.

Brian:

Like I want the European Fanta to be here because it tastes like fruit juice.

Brian:

more than just like, whatever it is, like here, I don't get, so

Helena:

Well, I will say for people who are not in the weeds of Maha mostly

Helena:

right now, we're doing a vibe shift.

Helena:

They're extremely anti-process foods in their rhetoric, and they're, they are,

Helena:

some states are banning soda from snap, but we have not had regulatory change yet.

Helena:

So like that's very, TBD like Maha really does not like ultra processed foods.

Helena:

But if anyone out there is wondering like, have we banned

Helena:

anything or what we have not.

Helena:

So we'll see.

Helena:

Brian, you

Helena:

gotta tune in to Food Fix if you wanna

Brian:

Okay.

Helena:

figure out what's, uh,

Brian:

the European Fanta episode, have me on as

Brian:

like a

Brian:

little cameo.

Helena:

I'm putting it on the list.

Helena:

That's a great, that's a great podcast

Brian:

All right.

Brian:

Thank you, heli.

Brian:

Thank you

Brian:

for saying that.

Brian:

Appreciate it.

Helena:

Thank you so much.

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