Latest / Founder Mode / Zero-to-One Marketing with Peter Farago
Transcript
- 0:00I'd say the biggest word, the biggest single word that I think
- 0:03is the most important word, which is also probably going to
- 0:06be a relief to people dealing with the question of will AAI
- 0:10replace my job? AI won't replace your job, it'll
- 0:12change your job. But empathy is the word that's,
- 0:15in my mind, a big difference between a good market and a good
- 0:17product person. Is it empathy?
- 0:19Can you put yourself in the shoes of that customer?
- 0:33Welcome to founder Mode. What's up, Kevin?
- 0:35How are you buddy? Good to see you.
- 0:36I'm good. I'm excited.
- 0:37Today we're diving into one of the most critical and sometimes
- 0:40confusing phases for any startup zero to 1 marketing.
- 0:44We don't have that Peter on. We have a different Peter on the
- 0:47show today and I'm pretty excited about it.
- 0:49What do we actually need to get those first critical users when
- 0:52you have no team, no budget, maybe barely a product?
- 0:55I'm just excited to hear from this guy.
- 0:57He's somebody that you know, are you, are you fired up?
- 1:00Yeah, exactly. I mean, I think it's easy to get
- 1:02overwhelmed by all the marketing advice out there.
- 1:04And I think it's one of those things if you start searching,
- 1:06the algo feeds you more than you want to know.
- 1:08And I think it doesn't just apply to when you're starting
- 1:10out. I mean, like there's constantly
- 1:12the markets changing and what the market wants to hear and
- 1:14what the market wants to see and sort of being able to pick up
- 1:18those signals and then being able to make the right
- 1:21adjustments and adjust to, you know, how to go do that.
- 1:23And so I think it's the perfect sort of, you know, kick off to
- 1:26somebody who's, you know, at any stage of the company, but I
- 1:28think it's it really means the most when you're just starting
- 1:31out and you sort of have that resource sort of constraint to
- 1:33work through. Yeah, that's right.
- 1:34And and as a career marketing and growth guy, I'm I'm
- 1:38particularly excited about this episode.
- 1:40And what I think is cool is, you know, you and I are like, you
- 1:43know, the yin and Yang and in the startup plan, like you got
- 1:46to figure out your product. That's you, and you got to
- 1:48figure out your distribution. And that's me.
- 1:50So when we're thinking about marketing in the context of a
- 1:53technical founder like yourself, what are you looking for?
- 1:56What do you think? Like when you are interviewing
- 1:58marketers or kind of getting presented a marketing plan,
- 2:01they're like, hey, I'm going to do this stuff.
- 2:03What's going through your head? Yeah.
- 2:04And I'm, I'm kind of a, a quiet marketer, like a technical nerd
- 2:08on this stuff. So like to me, the big thing is
- 2:10just tracking like do you know that it's working?
- 2:12So some sort of attribution, some sort of understanding of,
- 2:16you know, is what we're sending out there going.
- 2:18And then the other thing I'm looking for is are you testing
- 2:21enough things quick enough? And then is there a feedback
- 2:24loop? And so for me, it's like, hey,
- 2:25let's try a bunch of stuff. Let's not spend a lot of time on
- 2:29those things, track them so we understand it and then feed that
- 2:32back in so that we can kind of learn and double down on the
- 2:34ones that are working. Yeah, I love that.
- 2:36I mean, for Jason, I mean, this is your jam.
- 2:37Like marketing is your thing. And so, you know, for tech folks
- 2:41out there like, you know, what do you think about this and and
- 2:44how is that and how is AI changing this?
- 2:46I mean, we talk about this a lot on this show, but in particular
- 2:50AI is transformative and highly disruptive to marketing and
- 2:54marketing teams and marketers. And we'll talk, we'll talk to
- 2:57Peter when we when we interview him.
- 2:58But there's this fear that, well, I'm a copywriter or I'm a
- 3:02content marketer or I'm a designer and, you know, these
- 3:05tools are going to take my job. No, they're not.
- 3:08Can I can tell you from personal experience that what's happening
- 3:11is the people that are crushing it right now are using these
- 3:14tools to make themselves superhuman.
- 3:17They're taking the image generation and allowing it to
- 3:21create all sorts of concepts and ideas as a designer and then
- 3:24iterating on those. So now instead of doing, you
- 3:26know, one really cool brand concept for a client, you can do
- 3:31a dozen at this in the same amount of time.
- 3:34And and AI hopes you do that. If you're a content marketer or
- 3:38copywriter, instead of like slaving over the exact wording
- 3:41you want to use, you use AI to generate ideas for you and then
- 3:46turn those ideas into written concepts that you human writer
- 3:49helped craft and shape and and give give an essence to.
- 3:54And so those are specific creative examples.
- 3:56And I think on the growth strategy and marketing strategy,
- 3:58go to market, product marketing, it all still applies.
- 4:01AI is a super accelerator of ideas and helps you be your
- 4:05sparring partner as a marketer to figure out what to do and do
- 4:07it faster. Yeah, I think of a lot as just
- 4:09having like a, a team of like really excited junior interns in
- 4:13your in your exactly, you know, stable, right.
- 4:15You're like sitting at the table and now instead of like being
- 4:18alone at the white border, just two people in the room.
- 4:20You've got a team with energy around it.
- 4:22And you just need to know how to harness that energy and make
- 4:24sure that you, you know, keep the things on track.
- 4:27The feedback that it gives the, you know, those tools are not
- 4:29perfect, but so sometimes you have to direct them.
- 4:31But having that sort of additional sort of weapon to
- 4:34use, I think it's been pretty impactful for where I've seen it
- 4:36go so far. I totally agree.
- 4:38And I know that you feel the same way about what it's doing
- 4:40for engineering. And so I think it it this is
- 4:42just going to happen across every discipline, whether you're
- 4:44a a marketer or you're a software engineer or you're a
- 4:48product manager, embrace the tools, embrace the innovation
- 4:51happening the pace of it. I was reading the the things
- 4:54that Sam Altman wish he had known sooner list.
- 4:57So it always makes the rounds right on social.
- 4:59I see the you know, the ex post and like I you know, I reread it
- 5:02again, I think this morning and one of the things was like, if
- 5:04you move fast, you can make a lot more mistakes and like AI is
- 5:08just making you move faster, like it get it gives you more
- 5:10shots on goal, right. So we're going to talk to Peter
- 5:13today. I would love to know, you know,
- 5:15the things that you and he worked on together in the
- 5:19accompli days, you know, pre AI hustle, like what's the stuff
- 5:22that really jumped out for you and you know that you feel like
- 5:25this is what good marketing is. This is what a good marketer.
- 5:28Yeah. And so I mean, Peter and I work
- 5:29together Accompli, you know, he ran marketing for us and I think
- 5:32a bunch of really cool campaigns.
- 5:34We did a pretty cool video that hopefully we'll have time to
- 5:36talk about. We did this Rock the doc
- 5:37campaign where it was like this, a screenshot of Accompli, the
- 5:40app in your doc, you're kind of like bottom 4 on your iPhone and
- 5:43then post that to Twitter. And this is like in the days
- 5:46where like going viral on Twitter was very different than
- 5:48it is today. And I think the other thing that
- 5:51Peter was incredibly good at was just, you know, a great sparring
- 5:55partner on content and Wordsmansmith.
- 5:57He had this like art with the pen and that was always like
- 6:00this sort of incredible thing. But again, it was, you know, we
- 6:02were hustling, man. We were trying to figure out, we
- 6:04weren't really sure. You know, we had to build
- 6:06websites and WordPress and setting all this stuff up.
- 6:08And so we had a lot of interaction from engineering and
- 6:10marketing of like how to set this up, how to do tracking, I
- 6:13mean, how to work 3rd. And it was just really fun to
- 6:15kind of go through that and work with him on it.
- 6:17That's a perfect segue, Kevin. We've got Peter Farrago with us
- 6:20today. Peter is a seasoned marketing
- 6:21leader who has navigated the zero to one phase multiple
- 6:24times, including as CMO with you at Accompli where he worked
- 6:28alongside awesome team that then led to a $200 million plus
- 6:33acquisition from Microsoft. He also LED marketing at Flurry
- 6:36Analytics through its acquisition by Yahoo.
- 6:38And if anyone knows what really matters in early stage
- 6:41marketing, both pre and post AI buzz, it's definitely Peter.
- 6:44So let's get into it. Peter, welcome to Founder Mode.
- 6:52Hey, how's it going? Nice to meet you.
- 6:54It's great, great to have you and great to meet you as well.
- 6:58And you and Kevin known each other a minute, but we're we're
- 7:00new friends. You've seen marketing evolve
- 7:02like pretty dramatically over the 20 plus years you've been in
- 7:05the Valley, especially in those early days when you hear zero to
- 7:101 marketing, what's like the core, you know, first principle
- 7:13stuff that comes to mind for you and for these founders that are
- 7:16listening to us today. I think it's know your audience,
- 7:18know the value you're trying to describe to them, say it in the
- 7:21words that that audience wants to hear or needs to have it told
- 7:25to them. I think those are the core
- 7:27things. You know, people will talk about
- 7:28value proposition and messaging and positioning, and that's all
- 7:31true, but I think it starts with understanding that audience and
- 7:34the value you're bringing them and expressing that really well.
- 7:37You're going to keep trying to express that several different
- 7:40ways. There'll be lots of iterations
- 7:41and lots of different ways you do it, but that's the key.
- 7:44Great to have you on. I mean, thinking back to our
- 7:47accompli days, it's been a minute.
- 7:48We were jumping into like this crazy crowded market, right?
- 7:51There was, you know, 50 e-mail apps.
- 7:53If you remember what was the first marketing move we made
- 7:56Like before we even have a polished product, you know,
- 7:58trying to, you know, nothing was really ready, like just trying
- 8:01to figure it out. Like how did we kind of
- 8:02breakthrough? Well, there's two parts I think
- 8:04about one was, you know, what you guys had already was a
- 8:08really fast iteration cycle where you were pushing out like
- 8:12a breakneck speeds, you're pushing out weekly releases and
- 8:15you had a pretty large beta audience.
- 8:17So as far as understanding called the feature set and the
- 8:20things that were resonating and you know, having already some
- 8:24built in, this is still a little bit of early days of social, but
- 8:27built in kind of audience for for trying to drive word of
- 8:30mouth organically. That was all kind of there.
- 8:33What we didn't have was I'd say kind of the, it was really
- 8:38lacking fit and finish. You know, it looked like 1/2
- 8:40engineering page, landing page that was holding up there.
- 8:44The the logo is like clip art, but that's pretty normal.
- 8:48The main thing was just trying to get that story polished.
- 8:50Who are we, you know, what was the value prop?
- 8:52Who, who are we really competing with?
- 8:54I think in the end it wasn't so much other apps.
- 8:57It was, it was the iPhones native app, the client that
- 9:00shipped with it. That was really honestly like
- 9:03the no decision decision for consumers.
- 9:05It was sort of like, hey, it's on here, it works.
- 9:08Oh, I didn't know e-mail could be so good on a mobile phone.
- 9:11Oh, I'll just use this. But we had different
- 9:13aspirations. And so we ended up, I think the
- 9:15positioning was around, you know, it was like e-mail just
- 9:17got a promotion and was do more, defer less because we were
- 9:20speaking to a knowledge worker, a professional worker who we
- 9:23felt didn't want to triage their e-mail.
- 9:25They didn't want to just kind of, you know, swipe, swipe,
- 9:28swipe and delete stuff until they could actually get to their
- 9:31desk and get anything done. And what you guys had built, and
- 9:33this is what the beta audience was showing us was you guys
- 9:36could schedule things. You could always schedule really
- 9:38effectively. You could share your schedule
- 9:40with someone. You could do calendar, right,
- 9:41calendar negotiation, you guys could attach files, all these
- 9:45things and you were very you were totally interoperable.
- 9:47So, so that was really a big deal.
- 9:49And, you know, if you think about a professional at work,
- 9:52you know, going back-to-back to back meetings, you know, this
- 9:54way they could get stuff done during the meetings, between
- 9:56meetings in the hallway, whatever.
- 9:58And that he wouldn't have like 10 hours of meetings and have to
- 10:01go home and do five hours of e-mail and then get their actual
- 10:04work done. Yeah, I love the idea that like
- 10:06we had a kind of crappy logo so we we up leveled it.
- 10:09But you're really saying like we, we figured out what the
- 10:12value was that we brought and then we connected that with our
- 10:15audience and, and put together some messaging that would
- 10:17resonate with them. So that, that, that hits home
- 10:19for me as a, as a career marketer.
- 10:21I I love that. And then you know, you've LED
- 10:23marketing Peter from pre revenue to significant.
- 10:27It's multiple times founders, you know, they struggle with
- 10:30knowing what to market when the product is still evolving.
- 10:33How do you think about crafting the initial message or story
- 10:37when things are are still so fluid?
- 10:39So a lot of it again is that, you know, how do you sell or
- 10:42market when it's not fully baked and it's evolving.
- 10:45And so again, it's that it's like kind of that North Star
- 10:50vision you're going after and you're building that and it
- 10:52doesn't happen all at once. It gets, there's a lot of
- 10:54iteration, like if you make a set of assets, one of the things
- 10:56I like about being early and doing a lot of things myself, as
- 10:59I write the press release, I write the boilerplate for it.
- 11:02I write the, you know, all the homepage copyright you, you do
- 11:06the, you know, you help with a product deck and emails out the
- 11:09cut. And you keep getting lots of
- 11:11attempts to keep trying to explain it over and over.
- 11:13And and things come out over time, like where where again,
- 11:16you're extracting it more from the founders, like the the
- 11:18position, the story and the narrative exists.
- 11:20We I have to extract it more. The other thing I'll say, it
- 11:23happens to me a lot and I'm in an AI company now with
- 11:27professors and pH DS in AI and whole careers in it.
- 11:31Similarly, at Accompli, you know, these guys, they were have
- 11:34been there done that team who still wanted to win.
- 11:36And in particular, JJ and Kevin had built e-mail successfully
- 11:41across several platforms. And so, you know, starting back
- 11:45at open wave and so on and and then Zebra.
- 11:47And so they've made e-mail first like as a client, then in the
- 11:51cloud and now they're doing it mobile.
- 11:54And so this team, this team had crazy domain experience and I
- 11:57did not. So, you know, my job is not to
- 11:59really not to understand like the domain as deeply as they do,
- 12:03but to think about somebody from the outside, a potential
- 12:06customer and how they might look at the value we're going to
- 12:08bring. So there is this translation I'm
- 12:10doing and I not trying to become an expert at the same level
- 12:14because I can't. And it's also not my job, but I
- 12:17am extracting and shaping a story and I am and I am focused.
- 12:20It's like when you're driving, you're looking down the road,
- 12:22not like down at your bumper. Yeah.
- 12:24I mean, founders also kind of feel this pressure to do
- 12:26everything. Do you remember back, like, or
- 12:29maybe even today when you're looking at your current company,
- 12:32what things you explicitly decided not to do?
- 12:35And how do you kind of make that decision of like, you know,
- 12:37there's content, social PR, paid ads, you know, there's just a
- 12:41bunch of ways. I think, you know, Peter, I
- 12:43think the one thing that I always remember just an
- 12:46incredible writer, right? And so I think you mentioned
- 12:47earlier like, hey, you, a lot of this is writing, right?
- 12:49You're creating content, whether it's blogs, website copy, social
- 12:52copy, emails, etcetera. Like how do you kind of decide
- 12:56like what not to focus on when you're sort of looking at sort
- 12:59of crafting that some initial message and sort of deciding
- 13:01like what channels or where to get this out there?
- 13:03Yeah. You know, someone early in my
- 13:06career described marketing's assets and distribution.
- 13:09So like, I think about the content, the writing, those are
- 13:12all assets and then you're mentioning like how you get it
- 13:15out there. I think about that as the
- 13:16distribution, the promotion. And I usually start with the
- 13:19assets and thinking about the comment for writing.
- 13:22I, I talk a lot. And so writing is a way to clear
- 13:24my head honestly and shape things better and get it
- 13:27straight for myself and also show people to get feedback.
- 13:29And then there's an art of like writing.
- 13:31The website is not like anything you write.
- 13:33It's like lots of little phrases and snippets and it's all kind
- 13:37of put together in this, you know, gestalt thing.
- 13:39And so it's a little bit of a weird, it's a little bit of a
- 13:41weird thing. But where I usually start is
- 13:44loosely, it's an audit, I guess it's informal.
- 13:48Normally it's like, does the company have enough of a brand
- 13:53look and feel that I can work with?
- 13:57And I've worked on some very expensive high end stuff like my
- 14:00consumer days at Electronic Arts and stuff.
- 14:02We spent unreal amounts of time and money developing brand
- 14:05assets. You know, start up.
- 14:07Yeah, at a start up it's like, you know, you just need to be
- 14:09good enough from really professional.
- 14:11It's really about credibility. Is this company going to be
- 14:13around in five years, especially if you're doing B to B stuff,
- 14:16that's what matters. So usually it's this audit of
- 14:19like, do we have a set of assets that kind of look like they work
- 14:24together. They don't have to reinforce
- 14:25each other and have, you know, all this positioning and
- 14:28messaging tree stuff. Like you can get very ornate
- 14:31with that. But at a startup, it's like
- 14:32directly that fits together. Then as far as getting out in
- 14:36the distribution of it, I kind of think about like it's a
- 14:39little bit of like what's working today and it's a little
- 14:42bit of like, what is the company a candidate for?
- 14:45And so like an example is a company I was at before accompli
- 14:50was called Flurry. They did mobile application
- 14:52analytics. So we would help.
- 14:54We had like 90%. We like own the market and we
- 14:57had as a result all this data about consumers, how they
- 15:00downloaded and used apps and retention rates across all these
- 15:03categories. So we told a lot of and our
- 15:05customer was a developer, app developer.
- 15:07So we told a lot of data stories that would help them with their
- 15:10business as far as like acquisition, engagement,
- 15:13retention, monetization and that's kind of where our
- 15:15products lined up. So so that company was a
- 15:17candidate for thought leadership based on data back stories.
- 15:20Our company, you know, obviously was not.
- 15:22We tried some blogging and some insights to try to build up, you
- 15:26know, a little bit of a following, but that was very
- 15:29hard. Social worked for us pretty well
- 15:31because we had a lot of influential people that you guys
- 15:35had built up in the beta in sort of back then.
- 15:37You know, like product hunt was still big.
- 15:40So we pushed on product Hunt because people were looking for
- 15:42buzzy consumer ish products. So, so then, you know, for a
- 15:46launch was like, let's do that. We've talked about in previous
- 15:48episodes this idea of building this network.
- 15:50So as a, as a kind of CMO across multiple businesses leading
- 15:54marketing growth, you've had to build this network of people
- 15:57that are really, really skilled that can go do this and tell
- 16:00interesting stories and across different channels in the right
- 16:03way. I want to, I want to double
- 16:04click on the idea of breaking through because I think when you
- 16:07talk about like a, you know, an Apple brand spot, that's what
- 16:09people think of as like, how do we think different, right?
- 16:11How do we show up in a different way?
- 16:13Is there like a signal or early pieces of feedback from
- 16:16customers that really helps you, especially in the zero to 1
- 16:20phases, Maybe it flurries or hacker one that fundamentally
- 16:23changed how you approach marketing or even product
- 16:26direction. And bonus points like flurry.
- 16:28I just want to call out 2014 acquired by Yahoo for a ton of
- 16:31money. Like, dude, you've you've got a
- 16:33great track record here. So I think for for founders
- 16:36listening like there's some Nuggets that I just want to make
- 16:38sure pay attention. Peter, Peter has seen some
- 16:41stuff, right. So what what do you what do you
- 16:43say to like customer gives you an insight that actually makes
- 16:46its way into the product or marketing strategy?
- 16:48That's interesting. I mean, look, I part of part of
- 16:51what first say is I can't pick well, if you've done investing
- 16:56or joined a bunch of startups, you know, like you kind of know
- 16:59you're especially with your own work, you're putting putting
- 17:02your egg in one basket for several years.
- 17:04So I do try to figure out if the team, the team has something
- 17:09right, like, you know, I think it's like, are they going at the
- 17:12most important things that are they going after the most
- 17:14interesting market they can and do they have something quote UN
- 17:18quote disruptive? I like disruptive stuff because
- 17:20I like to kind of tella here's how things are now.
- 17:23Here's how things are going to change like the Today, tomorrow
- 17:27story. So, so the caveat up front is I
- 17:29am looking for companies trying to take big swings who have
- 17:33great teams and you know, you don't always know.
- 17:35I've been at many startups 1 did not one was like not what I
- 17:38thought it was. And it was it was it was a mess.
- 17:41But such as a startup life. Your question, your question
- 17:44exactly, Jason, was what? It was basically like, how do
- 17:46you think about breaking through?
- 17:49The breakthrough. Yeah, taking, you know, signal,
- 17:52right, like customer signal, user signal in zero to 1 and in
- 17:57like pulling out an insight and saying, oh, you know what, this
- 17:59user is telling us something really interesting here.
- 18:01Let's apply that to the to the go to market, to the product
- 18:03strategy to how we're talking about this.
- 18:05If there's something jumps out we can, I'd love to hear.
- 18:07It. No, no, There's a lot.
- 18:09There's a lot. I guess I'm thinking about it
- 18:11because I guess the first thing is I'd say the biggest word, the
- 18:15biggest single word that I think is the most important word,
- 18:17which is also probably going to be a relief to people dealing
- 18:21with the question of will AI replace my job?
- 18:24AI won't replace your job, it'll change your job.
- 18:26But empathy is the word that's in my mind.
- 18:29So what I find, you know, I, Kevin, went to good schools, I
- 18:32went to good schools. You know, I, I have fancy
- 18:34degrees. I worked at big companies, But
- 18:36like a big difference between a good market and a good product
- 18:39person is an empathy. And so, and what I mean is like,
- 18:42can you put yourself in the shoes of that customer and like,
- 18:46what are their, what's their pain?
- 18:48What's their aspiration? You know, what are the dynamics
- 18:50like at work for them to make a decision?
- 18:53How easy are you making it for them to to try you and make a
- 18:56decision? So like that momentum piece is
- 18:58really, I think it comes from somehow understanding the
- 19:01customer really well. Signals come from lots of
- 19:04places. The best is if you can use the
- 19:06product yourself, honestly. But I work on a lot of stuff I
- 19:09can't use, you know, like if I went to cursor, how did that
- 19:12work for? Us like with accompli, right,
- 19:13like we had like, you know, we had this sort of product
- 19:16engineering sort of marketing loop and like I think the nice
- 19:19thing about emails, we did use the product, right.
- 19:21But like, you know, does that work today and you're in the
- 19:24company you're working at today. Like, are you the same kind of
- 19:26user that you were as an e-mail user?
- 19:27Well, we had a thesis at Accompli that, you know, people
- 19:31wanted to get things done and they wanted to, you know, Javier
- 19:35had a pretty clear story or distilled down into like, you
- 19:38know, find things easier, right, That kind of thing.
- 19:42You know, he had he had a list of a few things.
- 19:43So that thesis was pretty that was pretty well understood and
- 19:48we were building in that direction and we're getting
- 19:50positive feedback. In fact, I think you set up,
- 19:53Kevin, you were particularly good at feedback loops.
- 19:55I think we were using, we were using, we were getting lots of
- 19:58feedback from a lot of different places.
- 20:00How I do it today is we record all our calls, sales calls, and
- 20:04I listen to a lot of sales calls and I pull transcripts and run
- 20:06them through ChatGPT. And then I try to separate the
- 20:09garbage answers from the good answers and, and, and now I'm
- 20:13doing we have really good impact for our early set of customers
- 20:17meeting our stuff really works well.
- 20:18So now I'm. Doing interviews for case
- 20:21studies, success stories, and you know, I, that's actually
- 20:24quite different than a sales call where I walk them through,
- 20:29you know, I'm trying to extract a story from them, but it's
- 20:32really a very simple, a problem, solution, results kind of story.
- 20:35So it's like what we're using before, you know, what made you
- 20:39decide you needed to fix something?
- 20:40You know what, what did you look at?
- 20:42What did you choose? What was your first experience
- 20:43like with that? So I'm actually now getting the
- 20:45benefit of walking people through very carefully and
- 20:48understanding decision by the buying criteria, substitutes,
- 20:52alternatives, competition. Again, you know, we're in a
- 20:55world where people are just kind of doing it themselves.
- 20:58That's a lot of what we compete against is DIY versus like an
- 21:01actual established competitor. While the product is technical
- 21:04today, the one I work on, what we do is actually pretty
- 21:07straightforward from a value, but we answer questions, we
- 21:10answer technical questions that users have.
- 21:12That's kind of basically what. We do.
- 21:13I love that you're talking to customers and you're listening
- 21:16to sales calls. Every time I talk to a founder
- 21:18or a marketing leader or a product or engineering leader
- 21:21who doesn't do that, I'm like, this company's probably not
- 21:24going to make it right. And so it just makes my heart
- 21:27happy to hear to hear that and like it it, it bodes well for
- 21:30run LLM. You know, you're in this kind of
- 21:32noisy AI infra market. Can you walk us through the non
- 21:37scalable experiments, the channels, the messages, the
- 21:39community hacks that you kind of think about and have run in the,
- 21:43you know, the early days and and what did you decide?
- 21:46Like what was your approach and your framework for deciding on
- 21:48what, what would I double down on?
- 21:49What do I kill? What is that kind of North Star
- 21:52metric That's like, oh man, we. That's it.
- 21:54I'm looking for it now. I've gone through and reset the
- 21:57story and have a better version of the website and I'm doing it
- 22:01again in the background again because not there, it needs to
- 22:04be. And we are starting to try and
- 22:06we are driving some organic inbound lead.
- 22:08So it's AB2B company in the end. And we actually weren't sure.
- 22:11In fact, in the last several months, we were like, are we
- 22:13going to be more PLG and having high volume, like just have to
- 22:18really work on growth and conversion, you know, premium up
- 22:22sell or are we going to like get to the mid market sooner than we
- 22:25think, which is actually what's happening.
- 22:27There's compression. Bigger companies are willing to
- 22:29adopt AI faster than say they were SAS before this.
- 22:33I'm finding there's a compression in the market for
- 22:35demand for this kind of thing. So as far as figuring it out,
- 22:37like again, I kind of go back to I got some feel for the
- 22:42customer. Listen, some calls leaning
- 22:44heavily on the CEO who's, who's like a great guy, like can
- 22:49really explain things and you know, no ego and just, you know,
- 22:52we're trying to figure out the story.
- 22:53And then again, like what's working or what are we trying?
- 22:57Like I think today we're we, we announced the public beta and
- 23:01what we did there was not was not dissemble this like a couple
- 23:04months ago. And that was a good cycle for
- 23:06us. We basically did the friends and
- 23:08family outreach to everybody we knew to like.
- 23:11And unfortunately the company has a very good network of
- 23:14people who are deep in the space because they come from academia
- 23:17and they have a ton of like real Ballers who are actually doing
- 23:20this stuff. And so a lot of them, you know,
- 23:22we wrote like a very a series of blood.
- 23:25We had a whole launch week, but we wrote like what would be the
- 23:27equivalent of a really good press release pushed to our blog
- 23:30and pushed promoted on social. Social for us is mainly LinkedIn
- 23:35and and X to an extent, but X has been falling apart as well.
- 23:38So for us, it's really LinkedIn now.
- 23:40LinkedIn in the last 18 to 24 months has really become like
- 23:44the only platform, I think for B to B for for social, but it is
- 23:48extremely noisy. You mentioned that especially
- 23:50for AI stuff. So I think for us when I came
- 23:53into this company, because there's, there's sounded by two
- 23:56Cal professors and two PhDs that came out of Cal all with heavy
- 24:00like LLMAI, machine learning, computer science backgrounds,
- 24:04thought leadership came to mind, right?
- 24:06Is it this guys are a candidate for thought leadership?
- 24:09And The thing is founders role at this stage, like is it, you
- 24:11know, are they the main Blogger? Are they the main salesperson PR
- 24:15person? Like how do they focus like
- 24:17their time? Because I'm sure it's limited in
- 24:18terms of how much they can spend with marketing versus product or
- 24:21other things. That's right, That's right.
- 24:22And this is this all works dovetails in because I can
- 24:25handle kind of both. I know I'm going on a longer
- 24:28answer here, but the CEO, the other thing they were candidate
- 24:30for is founder marketing because the CEO and the professor were
- 24:34right. One of the professors guy named
- 24:35Joey, Joey and Vikram is our CEO.
- 24:37So Vikram and Joey have been writing for over a year like a
- 24:40sub stack weekly blog. They call the AI frontier.
- 24:44And it's actually a mass. It's separate to our company,
- 24:46but it's a mass, a pretty good following.
- 24:48And it's where they just talk about where the state of AI is.
- 24:51And you know, have we reached to AGI or some concept, right?
- 24:55So they're just thinking very big and in a cerebral way.
- 24:58And so that exists already. And so I knew.
- 25:01So one thing I have to feel out like Javier at was ACEO at
- 25:05Accompli and he was great in front of people.
- 25:07And the CEO at hacker one was was more shy and the CTO is more
- 25:12shy, but they had a lot of the CTO take that credibility with
- 25:15customers and analyst here. The CEO is, is a really good
- 25:19balance. His role I would say is he's
- 25:21product leader and he's founder selling still.
- 25:23He's at the end of founder selling.
- 25:25He's we have our first kind of Rep and then I'm pitching in a
- 25:28little. I'm trying not to pull myself
- 25:29too out of position, but I'm also selling a little and and
- 25:33then, you know, he has an engineering background, of
- 25:36course, but someone else is running engineering and he is
- 25:39pretty good about like not doing more than he he should, but he's
- 25:42doing everything kind of when I joined, it was like, again, I
- 25:46like accompli actually was I think I was the only person
- 25:49without ACS degree who wasn't building, who wasn't a maker.
- 25:52So so you know I. That makes it so that you have
- 25:54like this unique perspective, though, which is great, right?
- 25:57Like, I think you you end up coming in and you're you're the
- 25:59guy who should be looked to as the expert in marketing.
- 26:01I'd never tell Kevin how to write code or at this point,
- 26:04tell Devin AI how to write code. But you know, I think it's
- 26:07similarly like, you know, it's easy for marketers to get sucked
- 26:10into this trap of, you know, well, everybody's a consumer.
- 26:13So everybody thinks they know marketing and it's, you know,
- 26:15being able to establish now here are the frameworks.
- 26:17Here's the approach. Here's how we do this.
- 26:18We're going to do thought leadership and this is how you
- 26:19do thought leadership, right? This is how we're going to
- 26:21leverage our CEO and our founder.
- 26:23And so I want to talk about this thing that you that you've kind
- 26:26of talked about on your profile and you mentioned LinkedIn and
- 26:28like tell me about creative destruction.
- 26:30What is that? What does that mean to you?
- 26:32Like give me the pithy, like if I'm a founder and I'm thinking
- 26:35about my first kind of marketing, go to market, what is
- 26:38how, how could I leverage Peter's creative destruction?
- 26:41Yeah, I think it's a play on. I mean, it's a, it's a concept
- 26:44that now I'm blanking on who came up with it and properly
- 26:48attribute it. But creative, creative
- 26:50destruction is the idea that sorry, what am I saying on my
- 26:53LinkedIn? Because I think I I might have
- 26:55tweaked that. Yeah.
- 26:56It's crave destruction. It is crave destruction.
- 26:57Crave destruction is the original term.
- 26:59Sorry, I had to, Yeah. It's it's, there's a German word
- 27:01that I can't pronounce and it's an economic concept, right, that
- 27:04describes. The process.
- 27:05Where you innovations replace and make obsolete older
- 27:08innovations. But I think it applies to
- 27:10marketing, which is I'm guessing where you're taking this.
- 27:12Yeah, and I think it's because I work on, it's the types of
- 27:16things I choose to work on. And I think I also am putting it
- 27:20up there because because there is a like like to challenge the
- 27:24status quo. There's sort of an there's sort
- 27:27of an irreverence or defiance I have built in as part of my
- 27:30personality that I try to kind of hide because, you know, like
- 27:33it doesn't always work in corporate culture.
- 27:35And I just come out of five years at Yahoo where, you know,
- 27:39by DNA design, whatever the innovation in entrepreneurship
- 27:43is not there anymore. It's like been it gets beaten
- 27:45down pretty hard if you try. So I think for me it was that
- 27:49idea of getting back to what I really love to do.
- 27:52It's just like, I love nothing more than to to take a run at a
- 27:55major incumbent and knock them off.
- 27:57Like I just like the David versus Goliath story.
- 27:59And I like, I like the idea. Well, and I like the idea.
- 28:03And I think when I find Kevin has this people, I work like
- 28:07there is a, there is a I'm going to bet on myself.
- 28:10Yeah. I'm not intimidated by you and
- 28:13your big company. In fact, you're, you're slow.
- 28:16You're slow because of it. You have all this legacy
- 28:18inertia. You can't get out of your own
- 28:20way. And I'm going to, I'm going to
- 28:21cut you apart. Just watch.
- 28:23And I love that idea because it's so the creative destruction
- 28:26to me is like, it's maybe it's a kung fuish type thing, but the
- 28:29energy is already there. Things are being replaced.
- 28:32There are cycles of replacement happening all the time.
- 28:34And incumbents were resisted, of course, because they're trying
- 28:36to push out their revenue and profit curves.
- 28:39But, you know, there are there. I, I like it when something new
- 28:43comes along that can make things better.
- 28:46And it sort of can't be denied, but there's going to be
- 28:48resistance against it for a while just because that's the
- 28:50way it works. And I like to be the one who
- 28:52helps. It helps push it through.
- 28:54So that's a great place to leave it because that's like, that's
- 28:58it. You know, you're, you're, you're
- 29:00David and you're going to, you're going to make the next
- 29:03thing happen. I love it.
- 29:05And the tools, the tools, I will say real quick, the tools, this
- 29:09is going to help hopefully with an answer.
- 29:11Before that you might, I don't know if you want to edit this
- 29:13around, but when I start with a small company, a lot of it's
- 29:15about managing the budget. So I'm always organic inbound.
- 29:19So thought leadership, SEO content, those are always the
- 29:22place to start. If you have thought leadership,
- 29:24you can accelerate that. Paid media is not going to work
- 29:26well initially anyway, as you guys know, the way the auction
- 29:29works and Kevin's actually quite an expert in this.
- 29:32So, so you can't go into paid media because it's going to be
- 29:35inefficient and bleed you out. So you have to build up your
- 29:38brand, your story, your base, your following.
- 29:40You got to do it with inbound out of the work.
- 29:42You got to be good at that anyway, because that's kind of
- 29:44what's available to you and what can work and also build a
- 29:46foundation for the future. I love it.
- 29:48Peter, where can folks find you and learn more about your work?
- 29:50Yeah, I think LinkedIn is an easy place to find me and I try
- 29:54to keep everything up to date. And you can.
- 29:57That's just Peter Farrago there. And then, you know, I'm on all
- 30:01the socials. You can also, you know, I'm
- 30:03promoting a lot of what we're doing in and around AI at my
- 30:05company. You'll find that you know
- 30:07through my LinkedIn. It's run LLM.
- 30:10That's an easy place. To start, awesome brother.
- 30:12Thanks for coming out and good to see you.
- 30:14And well, that was Peter Fargo breaking down marketing zero to
- 30:171. I mean, huge thanks to Peter for
- 30:18sharing all the tips and practical insights.
- 30:20And you know, quite frankly, some more stories from Flurry
- 30:22and Accompli and you know now what he's doing with Run LLM.
- 30:25You know, I think hopefully that gives you a clearer picture of,
- 30:27you know, where to focus your energy in these, you know, kind
- 30:29of early days. Like what did you think, Jason?
- 30:31Yeah, you know, this one is a near and dear to my heart as a
- 30:35as a career marketing and growth guy.
- 30:37You know, know your audience, start with a clear understanding
- 30:40of who they are and your value for them, your value
- 30:43proposition. There's nothing more important
- 30:45than that. Next is iterating quickly on the
- 30:47brand on messaging, whether you start with the clip art logo or
- 30:50not, get to the right message for that audience and, and get
- 30:53there quickly. In doing so, you probably will
- 30:57use customer feedback loop. So you know, understanding the
- 31:00customer and then using that to improve the product and the
- 31:03storytelling. Peter's listening to sales calls
- 31:05that matters, right? He understands the customer
- 31:07deeply. And then focus on organic
- 31:10inbound and thought leadership before paid.
- 31:12This is especially relevant in in a situation like Peter's
- 31:15where you're doing B to B marketing.
- 31:16You have larger customers and longer sales cycles.
- 31:18And so you you want to make sure that you've got a system that
- 31:21works before you spend a bunch of money on ads.
- 31:23So that that for me was the big stuff.
- 31:25I jumped out. I hope you found it useful.
- 31:27If you liked the episode, please give us a like and subscribe.
- 31:29Share it with the founder that's wrestling with their initial
- 31:31marketing strategy. And we'll be back next time with
- 31:33another deep dive into this founder journey.
- 31:35Awesome. Thanks again for listening to
- 31:37Founder Mode. Remember, in the beginning it's
- 31:38not about complex funnels, it's about finding those first
- 31:41believers.