Success story of Vice magazine and its founder Suroosh Alvi

TLDR Suroosh Alvi, co-founder of Vice, overcame addiction struggles to create a successful English-language publication that evolved from counterculture magazine to a multimedia powerhouse, facing challenges along the way but ultimately finding success.

Timestamped Summary

00:00 Wondery Plus subscribers can listen to "How I Built This" early and ad-free.
04:45 Suroosh Alvi, co-founder of Vice, faced struggles with addiction before finding success.
09:05 Suroosh Alvi started his career in journalism by working on a bilingual magazine in Montreal, which eventually led him to create his own English-language publication, the Voice of Montreal.
13:20 Suroosh Alvi founded the Voice of Montreal in a shrinking English market, believing there was an audience for alternative content, and later rebranded it as Vice after falsely claiming they were being sued by the Village Voice.
17:32 Suroosh Alvi, along with his partners, started Vice with $10,000 Canadian, creating a raw magazine focused on authenticity and freedom of the press, which quickly gained popularity in the US.
21:46 Suroosh Alvi and his partners received a $250,000 check, allowing them to move Vice from Canada to New York and expand into various divisions beyond just a magazine.
26:43 Suroosh Alvi and his partners shifted focus from selling clothing to creating content, realizing their passion and strength lay in content creation rather than fashion retail.
31:15 Vice magazine initially focused on counterculture and gritty photojournalism before transitioning to video content creation, which eventually led to the production of impactful news segments and collaborations with major networks.
36:03 Vice faced public backlash after accidentally exposing the location of a fugitive in a story, but overall, the company has minimal regrets about the content they have produced over the years.
41:31 Kent Sheridan, the owner of Voila Coffee, faced challenges with freeze-drying his high-end instant coffee but persevered to fulfill his Kickstarter promises and secure a major investment, highlighting the ups and downs of his entrepreneurial journey.
Categories: Business

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