We talk with Dave Scott, the CEO of Laugh.ly about how he expects to turn comedy into a lucrative business. Listen in to learn about how profitable a laugh can be.

"The reason I started Laugh.ly was because I actually did stand-up comedy for a year. After I sold my last company, I did open mics and then worked my way up to big headliners and I realized how much people love comedy. In fact, of the 160 people that actually have accounts on Facebook, 91 million of them actually say that stand-up comedy is one of their top five interests. Over 50 million tickets were sold last year to comedy clubs in the United States. That means it's lot of people who love to laugh, and so what we wanted to do was to create a built-from-the-ground-up streaming app focused primarily on stand-up comedy."