It’s not unusual for entrepreneurs to meet naysayers when they’re seeking seed capital to start a business. However, persistence can pay off for visionaries who are thinking about starting a business.
Farhad Massoudi went through various stages of growth as the founder and chief executive of Tubi, the ad-supported video on demand platform that Fox last year acquired for $440 million. He came up with the idea as advertisers shifted their media spending to digital platforms including social media.
“I thought that TV channels ultimately were going to be replaced with TV apps, and in that process, TV advertising will be completely disrupted,” he said in this interview with Beet.TV. He started a company called AdRise, which evolved into Tubi.
“I have to say, it was really hard to raise money for it,” he said. “In the early days, people didn’t believe TV would be disrupted. The power of the bundle was …