{"podcast":{"title":"Business Models Explained with Fexingo: Subscription, Marketplace, SaaS, and Service Companies","slug":"business-models-explained-with-fexingo-subscription-marketplace-saas-and-service-companies-7871638","podcast_index_feed_id":7871638,"rss_url":"https://feeds.fexingo.com/business/business-models-explained.xml","website_url":"https://www.fexingo.com/","image_url":"https://audio.fexingo.com/business/business-models-explained/cover.png","author":"Fexingo","episode_count":122,"summary":"Subscription models, marketplaces, SaaS, and service companies each have distinct unit economics, growth levers, and competitive moats. In this show, Lucas and Luna dissect how businesses like Netflix, Uber, Salesforce, and McKinsey actually make money — comparing CAC, LTV, churn rates, and contribution margins. Lucas brings journalistic rigor, cross-referencing financial filings and case studies; Luna challenges assumptions about scalability, pricing power, and customer lock-in. Each episode centers on a single model or a head-to-head comparison, avoiding fluff for concrete numbers. This is for listeners who want to understand why some subscription businesses fail while others thrive, why marketplace liquidity matters more than user count, or how SaaS companies balance growth against profitability. No founder hype, no generic advice — just the mechanics behind real companies. How do you choose the right model for a new venture? When should a marketplace pivot to managed services? What makes a subscription truly sticky? #SubscriptionModel #MarketplaceBusiness #SaaS #ServiceCompany #UnitEconomics #CAC #LTV #ChurnRate #ContributionMargin #Netflix #Uber #Salesforce #McKinsey #Busines…","last_synced_at":"2026-07-19T04:18:57.843124+00:00","page_url":"https://stenobird.com/podcast/business-models-explained-with-fexingo-subscription-marketplace-saas-and-service-companies-7871638"},"episode":{"title":"How MasterClass Built a Celebrity Subscription Model","slug":"how-masterclass-built-a-celebrity-subscription-model","published_at":"2026-07-13T17:06:52+00:00","page_url":"https://stenobird.com/podcast/business-models-explained-with-fexingo-subscription-marketplace-saas-and-service-companies-7871638/how-masterclass-built-a-celebrity-subscription-model","show_page_url":"https://stenobird.com/podcast/business-models-explained-with-fexingo-subscription-marketplace-saas-and-service-companies-7871638","url":"https://audio.fexingo.com/business/business-models-explained/episode-0112.mp3","audio_url":"https://audio.fexingo.com/business/business-models-explained/episode-0112.mp3","summary":"In this episode, Lucas and Luna unpack the business model behind MasterClass, the online education platform that sells celebrity-taught courses for $180 a year. They dive into the unit economics: how MasterClass spends heavily on production — up to $2 million per course — and relies on high marketing spend to acquire subscribers who often churn after one year. They discuss the pivot from individual course sales to a subscription-only model in 2019, and how the company uses celebrity cachet to drive free trial sign-ups. With a mix of star power and high production value, MasterClass has attracted over 5 million subscribers, but faces challenges in retention and competition from cheaper platforms. The hosts also explore the tension between education and entertainment, and whether MasterClass's model can scale sustainably. Tune in for a deep dive into a premium subscription business that sells aspiration. #MasterClass #SubscriptionModel #CelebrityBrand #OnlineEducation #BusinessModel #DavidRogier #UnitEconomics #ChurnRate #PremiumContent #EdTech #AspirationalBranding #ProductionCosts #FreeTrial #CustomerAcquisition #RetentionStrategy #Business #BusinessPodcast #FexingoBusiness Keep every episode free: buymeacoffee.com/fexingo","meta_description":"In this episode, Lucas and Luna unpack the business model behind MasterClass, the online education platform that sells celebrity-taught courses for $180 a…","key_points":[],"chapters":[],"topics":[],"duration_seconds":589,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/business-models-explained-with-fexingo-subscription-marketplace-saas-and-service-companies-7871638/episodes/how-masterclass-built-a-celebrity-subscription-model/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/business-models-explained-with-fexingo-subscription-marketplace-saas-and-service-companies-7871638/how-masterclass-built-a-celebrity-subscription-model.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}