Morning Brew: From a Michigan Dorm Room to a $75M Media Empire
Alex Lieberman started a PDF called Market Corner in his Michigan dorm, rewriting Wall Street Journal-style news in a casual, conversational tone. Five years later, Morning Brew hit 4 million subscribers and $13M in revenue, then sold to Insider Inc. for $75M. Their referral program accounted for up to 75% of new signups at its peak — one of the most successful growth engines in newsletter history.