Latest / King Dems Podcast | Growth Mindset, Leadership, AI and Business Insights / How Groas AI Autonomous Agents Replace Marketing Agencies and Scale Business Growth
Transcript
- 0:00I think 95% of marketing agencies are effectively
- 0:03complete scammers, right? Complete Cowboys running,
- 0:06running a very bad operation that leaves their customers in a
- 0:09very bad spot. There's a lot of reasons for
- 0:11that, right? But if you look at how a
- 0:12marketing agency would work, what they would do, they would
- 0:14go spend a lot of money on outreach, paid ads trying to
- 0:16acquire that customer. And the second they've acquired
- 0:18that customer, almost in all cases, what they're going to do
- 0:20is they're going to hire some freelancer, probably from a
- 0:24third world country or you know, where they can arbitrage the, at
- 0:28the cost of labour and basically get them to do all the work.
- 0:30And they just then collect the difference between what they pay
- 0:33the that freelancer who then manages essentially a lot of
- 0:35their accounts and does very, very subpar work because they're
- 0:38poorly incentivized. And then the agency owner,
- 0:40whatever sort of sits back before.
- 0:41We dive back into today's conversation.
- 0:42I want to share something important.
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- 2:00Welcome to the King Dems podcast, where we share the
- 2:03stories of extraordinary people and dissect hot, relevant topics
- 2:07that shape our world. From visionary leaders to
- 2:10trailblazing creatives, we uncover the mindset, strategy,
- 2:13and grit behind greatness. Whether it's business, culture,
- 2:16or personal growth, we ask the real questions.
- 2:19This isn't just conversation, it's transformation.
- 2:22The Kingdom's podcast, Your Next Breakthrough, starts here.
- 2:26Music licencing reimagined the live Ladies and gentlemen, once
- 2:33again welcome to the Kingdom's podcast.
- 2:36And today I've got with me a very special entrepreneur
- 2:41fighting out of Paris Friends by Wilson Francisco, United States
- 2:45of America. Mick, welcome.
- 2:47David Poquery. How are you, David?
- 2:52I'm very well. Thank you that thank you for the
- 2:54for the intro. That was very kind.
- 2:56OK, you, you are a man that is Chieftain, the way the business
- 3:02landscape is actually going to be for the, I don't want to say
- 3:07for the foreseeable future. You're changing it already,
- 3:10right? Your changes the landscape and
- 3:12you know, leaking out your body of work for me.
- 3:14I am actually very, very impressed and I'm going to give
- 3:17you your flowers while you're still alive.
- 3:20So David, you actually represent a right.
- 3:24It's a section of private equity rigour operation, you know,
- 3:28operators CAS and frontier of AI execution.
- 3:32We write for managing capital at scale in a global private equity
- 3:37to build a full autonomous AI system that runs Google Arts
- 3:43without human marketers, agencies or PC funding over $35
- 3:47billion per month in art spend while remaining fully
- 3:52bootstrapped and founder owned. This is not very.
- 3:55This is execution today we are unpacking what breaks inside
- 4:00most marketing systems, why agencies are failing businesses
- 4:05at scale and what founders must understand about AI events
- 4:09before the bets they're good from them.
- 4:13Ladies and gentlemen, once again welcome David Fakery to the
- 4:17Kingdom spot cap and Dyer of the CFO.
- 4:20So, David, you have actually lived many lives, you know, from
- 4:27being a capital allocator to being a system builder.
- 4:31And of course, you've actually spent years inside private
- 4:33equity evaluating businesses. The scale this is a business
- 4:37podcast. So what patterns have you
- 4:41identified repeatedly that you've seen that has convinced
- 4:45you that most companies actually get operations wrong, right?
- 4:51What is it that is broken before they become eventually
- 4:57financially broken? A bit of, a bit of a tough
- 4:59question. I think it always comes down to
- 5:01to people. I think I love that often, often
- 5:06cases either there's, you know, and actually when I say people
- 5:09often leadership, right? Because the leadership will
- 5:12dictate the team and and the team will dictate the business.
- 5:14So I think that's probably the first thing that as an investor
- 5:17you would look at is who's running of those particular
- 5:20functions And even, you know, we ourselves, that's something I
- 5:23obsess about when hiring is the quality of the team.
- 5:26Is it a good culture fit? How motivated are they?
- 5:28What, what's motivating them aside from earning money?
- 5:31Like there's a lot of things that go into that, but I think
- 5:33ultimately, like it's always, it always comes back to the quality
- 5:36of of the leadership team. I love that the quality of the
- 5:41leadership team, you know, the tone at the top is actually very
- 5:45important. And of course, you know, when it
- 5:46comes to hiring, I myself, I'm an early stage founder myself,
- 5:50you know, just in the first year of my company and I've had to
- 5:54learn the lesson of hiring and buying in a very, very hard way.
- 5:58And it has come down to three things, mind skirts, mindset,
- 6:03skill set and tool set. That is a lot of times we tend
- 6:07to evaluate the skill set of these individuals that we watch
- 6:10collaborate with, but we don't tend to evaluate their mindset,
- 6:14right? The mindset is for me the most
- 6:17important thing. Then the skill set and of course
- 6:20I'm them with the appropriate tool sets.
- 6:23And Speaking of tool sets, you have actually created an amazing
- 6:27tool set for founders to actually use.
- 6:30And you know, we are in that age where the agency model is being
- 6:38what I say being erased, right. And of course because the agency
- 6:42model has actually helped mid businesses to bleed a lot of
- 6:45money, they are expensive and not as effective or efficient as
- 6:51the tool set that you have created.
- 6:53And of course yourself you have been vocal about how marketing
- 6:57agencies destroy value. So what is the fundamental flaw
- 7:00in the agency model that most founders still do not understand
- 7:04until it's too late? Yeah, Yeah, it's a, it's a good
- 7:07question. Look, this might sound a little
- 7:09harsh, but I think I can say this now because.
- 7:11Bring it on. Full authenticity, brother.
- 7:16OK, I'll keep it real. I think 95% of marketing
- 7:19agencies are effectively complete scammers, right?
- 7:22Complete Cowboys running, running a very bad operation
- 7:25that leaves their customers in a very bad spot.
- 7:28There's a lot of reasons for that, right?
- 7:29But if you look at how, how market agency would work, the
- 7:32what they would do, they would go spend a lot of money on
- 7:34outreach, paid ads trying to acquire that customer.
- 7:37Then the second they've acquired that customer, almost in all
- 7:39cases, what they're going to do is they're going to hire some
- 7:42freelancer, probably from a third world country or you know,
- 7:46where they can arbitrage the, the cost of labour and basically
- 7:49get them to do all the work. And they just then collect the
- 7:52difference between what they pay the that freelancer who then
- 7:54manages essentially a lot of their accounts and does very,
- 7:56very subpar work because they're poorly incentivized.
- 7:59And then the agency owner, whatever, just sort of sits
- 8:01back. Now obviously there's different
- 8:02levels to that, right? You have some agencies who are a
- 8:04lot more involved. But typically, I think that's
- 8:06the big problem as well. The economics often leave the
- 8:09businesses they work with in a bad spot because they lock those
- 8:12businesses into long term contracts, right?
- 8:15A minimum of three months, minimum of six months.
- 8:16And if you break and you want to stop working with us, then
- 8:19you're going to have to pay an extra fee.
- 8:22So that already leaves things a mess.
- 8:24On top of that, to even start, let's say a marketing agency,
- 8:29you could start 1:00 tomorrow with 0 credibility, 0
- 8:31credentials, 0 whatever you could start want to start taking
- 8:34on customers tomorrow, You can make up some testimonials and
- 8:37just get going. There's no governing body.
- 8:39There's no this or that The. Regulatory, yeah.
- 8:41I would say and look, there's a lot of exactly, exactly.
- 8:45So yeah, there's a lot of marketing agencies in the world,
- 8:47a lot more than you or I would would think to exist.
- 8:50And I think over a long enough period of time, Grow Ass will
- 8:53put a lot of them out of business because instead of
- 8:55paying your marketing agency, you know, 3-4 KA month to set up
- 8:59your ad campaign once and do nothing, right?
- 9:01Literally do nothing. You can pay Grow as 10% of that
- 9:06and it will do everything and it'll work for you 24/7.
- 9:08That's because we're using autonomous AI to do it.
- 9:11So yeah, I think that a lot of them are going to be in a lot of
- 9:14trouble. What we're seeing though is a
- 9:16lot of them are just plugging in their customer campaigns into
- 9:20Grow as not telling their customers anything and then just
- 9:23charging them the difference. That's what we're now seeing.
- 9:27Wow, You know, one of the major issues or major controversies
- 9:32about AI is AI versus humans, AI replacing humans.
- 9:37And of course, you've actually viewed an AI that replaces
- 9:40humans. So most founders actually viewed
- 9:43tools that assist humans, right? How do you feel about you
- 9:47building AI agents that replaces humans entirely?
- 9:52And of course, what problem was so sleepy that that augmentation
- 9:56was not enough? The question so look, grow as so
- 9:59V1, which was not full autonomy was like a recommendations tool,
- 10:03right? So it was something that people
- 10:04actually had to come in and use and it was great.
- 10:06And it was there to increase people's performance.
- 10:08And then whilst we had that, we're like, OK, fine, we can
- 10:11actually do more. And that's when we started
- 10:12building for full autonomy, which is where we're at today,
- 10:14which is something that genuinely replaces humans.
- 10:17It's not something you have to use or log into or whatever,
- 10:20whatever. It just runs and scales your
- 10:22campaigns for you better than even a, a team of marketers can,
- 10:26right? That's where we're at right now.
- 10:28There's a lot of work to get to this point, but we're now there.
- 10:31Now the reason some people say, oh, is this is this a bad thing?
- 10:35It's actually a good thing because for the reasons I was
- 10:36saying earlier, 95% of the industry is, you know, is filled
- 10:42with scammers. Like we know this by the way,
- 10:45because our biggest customer segment is people who fire their
- 10:48agencies and then move everything to grass.
- 10:51OK? During that process, we get to
- 10:54see what the hell these agencies did to these poor customers.
- 10:57And it's a complete shit show nightmare.
- 11:00And I'm like, this is insane. Like my grandmother who's 90
- 11:02years old, God bless her, she could do a better job at running
- 11:06these campaigns. And some of these agencies have
- 11:08done right. Like it's insanity some of the
- 11:09stuff we've seen. And these agencies will charge
- 11:12them 510K15 KA month for this. So I think overall it's probably
- 11:17a benefit to business and to humanity, I would say.
- 11:20Whoa, so fully autonomous AI versus AI powered marketing.
- 11:25So there's actually like a lot of noise out there around AI
- 11:29marketing tools. There's a lot of garbage and you
- 11:33know, we believe a world of imperfect information.
- 11:37You know, I studied economics with my first degree and you
- 11:40know, when we're being taught about the defence House of
- 11:42markets, you have the perfect markets, you have imperfect
- 11:46markets. In the perfect markets, there's
- 11:48type of information, you know, everybody's well aware of the
- 11:52various factors, you know, that impact the market, but that is
- 11:57not attainable in the real world, right?
- 12:00And of course, like in simple terms, like what is the
- 12:03difference between automation, augmentation, true autonomy and
- 12:10like does that distinction actually matter financially?
- 12:15Yeah, because look, we had, that's what we started off with,
- 12:17right? It's just like, OK, grow ass was
- 12:19pulling in lots of data and giving insight and saying, OK,
- 12:21maybe you should do this. You should add this keyword,
- 12:23remove this keyword. We also did a whole bunch of
- 12:25stuff around dynamic landing pages, which massively increased
- 12:27conversions. We're doing all this cool stuff.
- 12:30But what we noticed was that people like, this is great, but
- 12:33can you not just do it for me? And that's when we're OK,
- 12:36there's something here and that's when we take it to the
- 12:37next level. Now, as far as I'm aware
- 12:40currently, right, we are recording this in February 2026.
- 12:43As far as I'm aware, there is nobody even remotely close to
- 12:47grow as when it comes to full autonomy and Google ads
- 12:49campaigns, no one. There's a plenty of, you know,
- 12:52AI recommendation tools, all of these other bullshit softwares.
- 12:55We don't care. We don't compete in that realm.
- 12:58Our competition is humans, teams of humans.
- 13:01That's who we benchmark ourselves against.
- 13:03We don't look at, you know, it's not this word stream optimizer.
- 13:06All of these are great tools. God bless them all the best.
- 13:09We don't compete that we are like our number one metric is
- 13:13how much better are we than humans at managing and scaling
- 13:15Google ads campaigns. And I tell this to my
- 13:18engineering team every single day.
- 13:19If people are logging into grow as and actually using it, then
- 13:23we are failing at our job. That's not how it should work.
- 13:26They should connect the campaign once, sit back and then just
- 13:29wait for the the cash register to ring.
- 13:31That's that's really our business model.
- 13:34Well, interesting. You know, you speak very
- 13:36passionately about scaling. So, but then you've actually
- 13:40scaled to $35 billion monthly ad spend without investors.
- 13:46So scaling that big right with 0 VC, 0 private equity, you know,
- 13:56and this is full ownership. What systems thinking mistake
- 14:01forces founders to believe that Excel capital is required even
- 14:06when it's often not required? Good question.
- 14:09I'm very lucky that I used to work in the investment industry,
- 14:13right? So I work in private equity, but
- 14:14even before that I actually worked in a couple of venture
- 14:16capital firms, right, First time as an intern, next time was like
- 14:19a junior analyst. So I know and understand that
- 14:22world very well. I have very close friends of
- 14:24mine, personal friends who are VCs full time.
- 14:26So I know that world super well. And I think it's a very
- 14:30dangerous thing to do to go and raise money.
- 14:32I think most. Should.
- 14:34Absolutely yes I agree. I think unless you're doing Elon
- 14:39level cool shit right where you're trying to put rockets
- 14:41into space and you need $100 million upfront just to get the
- 14:44the info for that. OK, you need money, go raise
- 14:47funding. But I would say if you're doing
- 14:48some software company, whatever, whatever, you should try and do
- 14:51your best to bootstrap that. And if you need to raise money,
- 14:54like look into alternative sources, but the VC game is
- 14:57mostly rigged. It's a very tough thing to do.
- 15:00I think it puts you more at risk than less at risk, in my
- 15:02opinion. Because what most founders don't
- 15:04get is the second you do that deal with the devil, you are now
- 15:08committed to growing 20% month to month, 10% month to month,
- 15:12whatever it is. If you don't hit those targets,
- 15:14you will not be able to raise more money.
- 15:16OK. And then what happens is you now
- 15:18have a structurally unprofitable business that is burning cash
- 15:21every month because you're investing in growth.
- 15:23You're not going fast enough. So no one wants to invest in
- 15:26you. And therefore you close down for
- 15:28business, even though you may have had a perfectly good
- 15:30product, a perfectly good team, all of that, all of that, you're
- 15:34basically a little screwed. So yeah, my thoughts on VC is I
- 15:38was very stubborn from the very start of grass that and we get
- 15:40approached by the way, by VCs 24/7.
- 15:43I get probably one a day. E-mail me or or connected me on
- 15:48LinkedIn and I tell them to to basically go look elsewhere.
- 15:51So I've been very stubborn about trying to keep 100% ownership.
- 15:55Well, interesting stuff, you know, I like the way you frame
- 15:58it because myself I have a background with the peak for
- 16:02accounting fans. I'm an ex auditor, you know,
- 16:05PWCKPMG and I have had that, you know, would I say privilege the
- 16:10opportunity to be able to audit different organisations, you
- 16:14know, across but from startups to PLCS to meet tier companies.
- 16:23And I see the same thing that leverage forces founders to to
- 16:31to make mistakes, you know, on 1st errors basically, right.
- 16:35And like you rightly said, it's like dining with the devil.
- 16:38You get it and then you'll be forced.
- 16:41I've had AVC on, on this forecast report.
- 16:43And, you know, he said something about like what makes a company
- 16:47interesting to them is double digits profits.
- 16:50If you're not making double digit profit, right, you're not
- 16:53interesting to to AVC. And yeah, we understand they're
- 16:59in the business of, you know, growth, but it's not the natural
- 17:05flow for every type of pieces. Take Uber, for example.
- 17:08Uber was not profitable in the past couple of years, right?
- 17:11They had to get that structure properly.
- 17:14Some companies have to iterate over time, right?
- 17:16And of course, when you're not in an industry that has ethical
- 17:20concerns versus profit concerns or what do you do, you stock in
- 17:25a dilemma, right? So I really want for you to
- 17:30would I say expand on the the dangers of having that PC money
- 17:36too early, especially too early. At some point, you know, if you
- 17:40if you want to scale up, you have maybe very big expansion
- 17:43plans, it might make sense. But for me, my philosophy is
- 17:47having that PC money too early is a very, very big danger.
- 17:51I don't know what you would like to expand on in that regard.
- 17:56I mean, of course it is, right? Because then you're going to be
- 17:59less cautious with spending because it's not your money,
- 18:01right? But I think ultimately the, the
- 18:03big issue I see is people celebrate raising money as some
- 18:05kind of achievement. Like you've just sold the
- 18:08percentage of your company at a discount for like for no reason.
- 18:11And let's be clear, you've done nothing.
- 18:13And then they, and then they parade on social media, we raise
- 18:16that, you know, 20-30 mil valuation.
- 18:19That's a nonsense valuation, right?
- 18:20I could sell 0.01% of grass for like, let's say AK and now I'm
- 18:26worth a billion. Like, what are we doing here?
- 18:28So I think a lot of people don't seem to understand that.
- 18:31They seem to think that valuation actually means
- 18:33something in the real world. The only thing that matters in
- 18:35my opinion is what are your, what are your customers saying
- 18:37about your product? That's like the best predictor
- 18:39of success long term is, are people really enjoying what what
- 18:42you're building? How's your retention?
- 18:44Like that's something I obsess about is are we retaining
- 18:46customers well enough? And if someone ever churns like
- 18:48I will, I will lose sleep over it.
- 18:50It really pisses me off. Yeah.
- 18:51And then the other thing as well the other people miss is there's
- 18:55different like classes of shares when you raise right.
- 18:59Yeah, exactly. And VCs have to get paid out
- 19:01first. So there's so many cases where
- 19:03you'll see an exit of like $100 million.
- 19:06Exactly. Yeah.
- 19:07And the founder leaves with maybe a couple mil at best.
- 19:10And so you've just done all of that and you just got screwed
- 19:12over. So yeah, look, my, that's my
- 19:14take. I'm obviously quite anti here,
- 19:15but it obviously has its benefits as well.
- 19:17I think it's that case by case. Yeah.
- 19:20And you know, I think I'd like to quickly bring in or weave in
- 19:25the fact that we now have a lot of cases of founders being
- 19:28fraudulent. At this morning, I woke up to
- 19:32the headline of Forbes 30 under 30 founder from Turkey.
- 19:37I'm not going to mention her name.
- 19:38No, she's female. You could go check it out.
- 19:40And then actually, but she actually defrauded investors
- 19:44awful lot of money. And it's it's crazy.
- 19:46We like think valuations and all that stuff.
- 19:48So it gets really dirty sometimes, right?
- 19:51You know, coming back to the investor lens, right?
- 19:56We are the humans you know most consistently introduce
- 20:00inefficiency. Buyers waste inside a paid
- 20:04acquisition system. That's tough one.
- 20:07It's tough because there's so many variables that go into
- 20:10this, right? So if you want a good, good
- 20:12Google Ads campaign, that's not one thing.
- 20:14There's like 1000 different things you need to be optimising
- 20:16and tweaking 24/7. Is your landing page good?
- 20:18OK, what's in that? What should be in that landing
- 20:20page? There should be some social
- 20:21proof and testimonials while you're offering like there's a
- 20:23million things that go into just the landing page, right?
- 20:26Then the checkout flow then. So that's just like the landing
- 20:29page side. Then inside Google Ads, there's
- 20:31like a million different things as well that you need to be
- 20:32tweaking and optimising. Most people, I would say in
- 20:35Google Ads, what do they get wrong?
- 20:37Like the number one thing I think that I see is keywords
- 20:40getting the keywords wrong. They go in and they had like
- 20:441000 keywords and like a $20 budget campaign per day.
- 20:47That's just complete lunacy, right?
- 20:50It's just like lighting money on fire for no good reason.
- 20:52So like if I had to sum it up, because we've seen a million
- 20:54different things go wrong and there's a lot you have to
- 20:56optimise, but typically it's people are choosing the wrong
- 20:58keywords. And obviously grass does a
- 21:01really good job with it and helps in whatever, whatever.
- 21:03But that's like the number one biggest issue I think across the
- 21:06board. Oh, Speaking of landing page,
- 21:09you always need to keep tweaking things.
- 21:11I said tweaked something on my landing page before I I jumped
- 21:14on this interview. So that speaks that hit a home
- 21:18run. Let's talk about the 30 to 40%
- 21:22of revenue deep, right. You've actually stated that
- 21:25e-commerce brands routinely lose 30 to 40% of revenue through
- 21:31avoidable mistakes. So what are the top mistakes
- 21:34that quietly destroyed the margin without founders even
- 21:37though just in? Yeah, I mean, so the first one
- 21:40is what I touched on is, is keywords being completely wrong
- 21:43and therefore you're wasting a whole bunch of of spend for no
- 21:45reason. Actually, the other thing as
- 21:47well is negative keywords is another thing in Google Ads
- 21:49where most people have none and therefore you're showing your
- 21:52ads to people who are not going to convert anyway or getting
- 21:54clicks for them that people are not going to convert anyway.
- 21:56That's costing you money. The other thing as well, which
- 21:58is quite problematic is the ad quality itself.
- 22:01Most humans suck at writing good, good copy.
- 22:04It's really hard. Now, that's obviously something
- 22:07that we've trained grass to do very, very well.
- 22:10It's a very important part of of selling things online is how
- 22:12well you can convince somebody to like how well you can
- 22:15convince somebody to actually buy your product right from cold
- 22:19traffic. Not easy to do.
- 22:21But I think copy and writing good copy both at the ad level
- 22:23and the landing page level is also something that's super
- 22:25important. And then finally, you know what
- 22:28unconventional answer, but it's going to be patience, patience.
- 22:31A lot of people get this wrong, right?
- 22:32Because if you've never on Google ads before, the big
- 22:35mistake we see is people think, OK, I'm just going to throw 10
- 22:39KA day at this and it it it's going to make me a bit, I'm
- 22:42going to be profitable. No, like it takes time, right?
- 22:45Tweaking an offer, tweaking your campaigns until it reaches that
- 22:48sweet spot. Yeah, exactly.
- 22:51So tweaking and getting everything right and optimising
- 22:53everything until it reaches that sweet spot where you're just
- 22:55printing money on autopilot could take months.
- 22:57It can take weeks. It depends case by case, but I
- 23:00would say patience is a very underrated factor in the game.
- 23:04Patience is key. Patience is a virtue.
- 23:07Let's talk about trust. We are in the attention economy
- 23:12and people actually buy based on trust, but a lot of founders
- 23:19actually share that loss of control with autonomous systems.
- 23:23So how should leaders think about trust, ethical guardrails,
- 23:27and accountability when AI is making decisions faster than
- 23:31humans can ever do? Yeah, well, I think it's just
- 23:35inevitable, OK, Because it just comes down to a, to a profit
- 23:38question effectively, right. Like, yeah, things aren't going
- 23:41to be perfect for a little bit, but in some industries they
- 23:43already are, right. Software engineering, we already
- 23:45have AI that can write code far better than humans far quicker.
- 23:48That's that's already happened some places taking longer to
- 23:51catch up. But it's just completely
- 23:52inevitable that this is going to happen over time.
- 23:55And it becomes for business owners, it becomes like a a
- 23:58profit question, right? Do you want to employ 10 humans
- 24:00to look at something or employ an AI for 1% of the cost?
- 24:05It might make some errors initially, but over time it's
- 24:07only going to get better and better.
- 24:09Yeah, it's effectively that that's where the board is
- 24:11heading for. For better or for worse, the
- 24:14trainer started and there's there's just no stopping in at
- 24:16this point. I'll tell you something, child
- 24:20Chippity is my legal consultant. You know, the best legal, the
- 24:25best legal consultant in the world for just $20.00 a month.
- 24:29I don't think any lawyer charges that.
- 24:33You know, I'm going to pick your, I'm going to pick your
- 24:37investor braid right now. If you were still seating on,
- 24:41you know, the investment committee today, what would you
- 24:44look for in an AI company that most investors still miss out
- 24:47on? At what stages is it like a very
- 24:50under staged AI company or is it like a mid stage or like what
- 24:52what stages are? Interesting.
- 24:54So so let's break it down. Early stage.
- 24:56Mid stage. Yeah, I mean, early stage, the
- 24:59only thing to even look at in my opinion is the founders.
- 25:02You invest in good founders that that's what it is, right?
- 25:04You have to assess the potential of those individuals.
- 25:07Is it a team? How well do they work together?
- 25:08If it's just one person? Well, they better be very driven
- 25:11because solo founding, as I know myself, it's going to come with
- 25:14a lot of punches in the face. So that can you can you handle
- 25:16it well? But effectively at an early
- 25:19stage, the only thing to be thinking about is how good is
- 25:22that team? Because markets change, your
- 25:24products going to change like so many things are going to evolve
- 25:27over time that you couldn't have possibly foreseen.
- 25:29But how well those individuals adapt to the situations is like
- 25:33the only, in my opinion, determinant of success.
- 25:36And like, how do you assess? How do you assess humans?
- 25:38That's really tough, actually. VCs typically will default to,
- 25:41oh, they went to a good school, therefore we should fund them,
- 25:44which I think is mostly BS. It has a bit of truth to it, and
- 25:48I get it right to an extent, but it's also mostly BS.
- 25:51Not everyone who goes to Stanford is going to start a
- 25:53Unicorn. That's just ludicrously.
- 25:55Absolutely. So yeah, there's a lot of
- 25:58factors. Yeah, there's a lot of factors
- 26:00that get into it. But effectively at the earlier
- 26:02stages, you're just looking at the the founding team, maybe the
- 26:04motivations, like why they did what they want to do.
- 26:06If they're doing it just for money, by the way, I don't think
- 26:09that's actually a bad answer. That's fine, right?
- 26:13If you're, if you're money hungry, maybe you're going to
- 26:14work harder than somebody who isn't, right?
- 26:15And somebody's just, and somebody's just like, you know,
- 26:18I want to make the world a better place, which is also
- 26:20mostly BSA. Lot of people say the world a
- 26:21better place. It's just some nonsense in my
- 26:23opinion. So yeah, look into the
- 26:25motivations. How well do they know the
- 26:27problem they're tackling in my opinion is like, one thing I
- 26:29look at is like, you're doing this, but why?
- 26:30Like what attracted you to try to do this particular thing?
- 26:33How well do you know the space? In my case, I knew Google Ads
- 26:36very well from running E com stores over the years.
- 26:39And I knew that there was a lot that was broken and I wanted to
- 26:41do better myself. So that's where it came from,
- 26:43right? So Google Ads was like a, a
- 26:45pretty natural thing for me to, to try to tackle.
- 26:47But if somebody has worked in chemical engineering their
- 26:50entire life and then tomorrow wants to start an AI for for law
- 26:52firms, I'm going to ask them like why they they need some
- 26:56good reasons. I actually very, very much agree
- 26:59with you. You know, they say experience is
- 27:02the best teacher. It's always good to be armed
- 27:04with that experience. And by the way, people call me
- 27:08AI because my government name is AI Ademola EC member.
- 27:12That is my name. So I don't know what my parents
- 27:15saw and said a three years ago. They must have seen something
- 27:17other people did not see, right? But I look at it, I have always
- 27:23thought like somebody who's prompting, even right from my
- 27:26days of the beaker accounting firms, now the LLMS are popular
- 27:31and he feels like, oh, AI is the next big thing.
- 27:35But we've actually been using AI for a long time, but we've
- 27:39actually been thinking in this way.
- 27:40So basically AI is just a multiplier.
- 27:44It accelerates the way in which you think.
- 27:46And for me, I, I feel like the people who are brilliant,
- 27:51efficient, who only become more efficient and the people who
- 27:54are, you know, the other side would also, you know, because
- 27:59basically AI is just a multiply. It either multiplies, it
- 28:03multiplies your intelligence or multiplies your foolishness.
- 28:06So it depends on your value you're standing on, right.
- 28:09And when it comes to a founder's identity, every founder has a
- 28:15unique journey, right? But a lot of founders actually
- 28:19struggled emotionally when the systems that they have created
- 28:25outperformed them. So what is that mindset shift
- 28:29that is required to move from being the smartest person in the
- 28:32room to just being the architect of intelligence?
- 28:37No, I much, much rather prefer to be in the second right, even
- 28:41architecting that it's not being in the treasury 24/7 doing
- 28:45things you. Know why is the minor shift
- 28:47brother? Doesn't make you smart.
- 28:51It does. But yes, yes, also I think you
- 28:53need money as well to do that. And it's also, it's also hard to
- 28:57do because hiring, well, hiring is really hard.
- 29:02But yeah, I mean, I still myself, for example, will do a
- 29:04lot of sales calls with, you know, important customers that
- 29:07would possibly on board. I don't necessarily enjoy doing
- 29:10that, right? I think in maybe a couple of
- 29:11months, hopefully I can find someone who's much, much better
- 29:14than me to do these calls. It was much more convincing, who
- 29:17knows, for them to know grow ass better than I do.
- 29:19Will take a lot of time, obviously.
- 29:21But yeah, like that's the stage I think we're at.
- 29:23By the way, as a company, we're still quite early.
- 29:25We've been going for like, what, 7-8 months now?
- 29:27But yeah, we're slowly going to move there.
- 29:29If I had more capital, if I'd raised whatever 510 mil and had
- 29:32more capital, I probably would have done this earlier.
- 29:35But yeah, that's it's, it's essential to do.
- 29:37It's absolutely essential. Otherwise you don't have a
- 29:39business. You just have a, a job with lots
- 29:41of different customers, lots of different bosses you have to
- 29:44answer to and you don't have a business.
- 29:45So you need to, in my opinion, do that, get to that ASAP.
- 29:49That's that's what a business really is.
- 29:51I love that. So before I let you go, I'm
- 29:53going to put you through the rapid fire questions.
- 29:57But before there are a quiet fire questions, I remembered
- 29:59something you told me, you know, the first time we indeed get to
- 30:02meet, you told me about how grow us is just grade on the search
- 30:06engine. So I'd like for you to expand on
- 30:09the like, like Grow us is just great.
- 30:11Like white fire right now on the search engine.
- 30:14I think probably on YouTube or like Google, the Google search
- 30:19engine. Oh.
- 30:21Right, yes, So I mean all our. For context, one thing I haven't
- 30:26mentioned is we still grow as we haven't done any marketing so
- 30:30far. We haven't run any paid ads.
- 30:32We haven't really done any cold outreach.
- 30:33We have done nothing so far. All of our signups, all of them
- 30:36come from 85% of our signups come from LLMS referring grow as
- 30:43the best solution. So someone will type into
- 30:45ChatGPT, hey, how do I optimise my Google ads?
- 30:47And then ChatGPT will say you should use grass and then people
- 30:50will sign up. So that's like that's 85% of our
- 30:52signups, which is great. That's fully organic.
- 30:54We do nothing for that. The other 15% is existing
- 30:59customers telling other customers, telling other their
- 31:01friends that whatever, hey, look, we're using grass.
- 31:03It's great. Just sign up.
- 31:05The reason this is quite, it's tough, right?
- 31:07We're in a difficult position because I want that number to be
- 31:10higher. I should be higher than 15% of
- 31:11people saying, hey, the reason they don't, and I know this,
- 31:15I've been told this is I've asked some of our customers,
- 31:19hey, could you give us some testimonials And they refuse.
- 31:22And you know why they refuse? Because they don't want their
- 31:24competitors to know they're using grass or the agencies.
- 31:27I saw that on your websites to know these grass like.
- 31:32I saw that on your website. Happens very often where they
- 31:35just want to keep it secret. Yes.
- 31:38That permits me to expose you. So guys, I've got to read what I
- 31:41saw on gross website. You know this client actually
- 31:46says to David, he says, hey David, thanks a lot for the
- 31:48opportunity. I really appreciate you thinking
- 31:51of me. This might sound a bit selfish,
- 31:53but grass looks so powerful to me that I'm honestly a little
- 31:57afraid my competitors might figure out I'm using it as that,
- 32:01using it against me as well. So for now, I think I'll have to
- 32:05pass purely out of fear rather than lack of appreciation.
- 32:09Sorry about that. And of course, sorry, David, I
- 32:11have to expose you on the other podcast.
- 32:15So yeah, there you go. There you go.
- 32:17That happens very often. Wow it.
- 32:20Is one of the. Congratulations on on the
- 32:21success, brother. It's, it's quite interesting
- 32:24what, what this LLMS do. I had a message from somebody
- 32:27earlier today telling you that I, I searched you on Google and
- 32:32do you know what Google AI is telling me?
- 32:34OK, two people actually detailed me today.
- 32:36One of them told me the AI refers to you as AI.
- 32:40And I'm like, OK, interested, interested.
- 32:42I have to start making money from this name AI.
- 32:44And the second person told me, guess what, Google AI is
- 32:49referring to you as a Joe Rogan of Africa.
- 32:51I'm like, wow, I never knew. And then it sent me a
- 32:55screenshot, and then it put a smile on my face.
- 32:58So put some respect on my name. You know, the Joe Rogan of
- 33:00Africa. Very cool.
- 33:03We're shooting for that top 1% yet currently, the two podcasts,
- 33:07you know, are global top 2% and global top 3%.
- 33:11And yeah, hopefully this year we're shooting into the top 1%
- 33:14in the world. Big fire round here we'll go. 5
- 33:17questions, very big answers. Let us go.
- 33:21Are you ready to rumble? Hey, number one, what is 1
- 33:27metric founders? What is 1 metric founders
- 33:31obsessed over? That does not matter.
- 33:35So off we kind of touched on it, but maybe, maybe money raised
- 33:40maybe. Maybe I.
- 33:41Don't know, is that the amount of money they're raised?
- 33:45OK, I'll give you, I'll give you online that I always use
- 33:48revenues, vanity profits, insanity.
- 33:51Cash is reality. How about that?
- 33:54True, true, but there are exceptions.
- 33:57I think if your if your revenues genuinely just skyrocketing,
- 34:00like genuinely like just doing boom, then maybe some losses can
- 34:03offset it. It's you know, that's that's
- 34:05actually a really difficult question.
- 34:06I'm trying to think what I look at.
- 34:09OK, how about this? How about this?
- 34:10Social media followers is my answer.
- 34:14Oh yeah. God bless you.
- 34:15I love that I love that I love that bro let me tell you
- 34:19something I, I, I, I know I know somebody who has like over
- 34:2410,000 followers and LinkedIn and this girl has never made a
- 34:28dime. The next question of the rapid
- 34:32fire will be what is what metric founders ignored that decides
- 34:35survival? Easy, John.
- 34:38John #1. Oh, OK, OK, yeah, back to the
- 34:42story I was telling you right. I don't have many followers in
- 34:44LinkedIn, but I get a lot of inbounds saying, oh, I want to I
- 34:47want to be on your podcast and you know, guys pay me to talk to
- 34:51me from LinkedIn, from socials. Yeah, right.
- 34:54Yeah, I don't have many followers.
- 34:56Instagram I probably have like 5000 followers, right?
- 35:00The people who have 100K plus followers but they don't make
- 35:05are dying off these people. So I I very much agree with you
- 35:09that that metric is is a vanity metric.
- 35:12What is the biggest lie sold about AI in marketing?
- 35:16Oh, that's tough. Biggest lie about AI?
- 35:20Well, I mean, we are. I think when I'm what I mean, I
- 35:22hope we're not selling any lies. I don't think we do.
- 35:24So I'm trying to think of other players.
- 35:26Guys go to gross that AI to check either.
- 35:29Any lies? It's tough.
- 35:32I don't know. Truthfully, I don't really look
- 35:34at what are the, you know, companies like.
- 35:37I just focus on us. That's really all my focus is
- 35:40on. I don't know.
- 35:40It's hard to say. Biggest lie about AI in
- 35:44marketing? OK, The biggest lie is that it
- 35:49won't replace humans. It will.
- 35:52That's my answer. Interested in it #4 What is the
- 35:55hardest thing to let go of when automating growth?
- 35:59No, the hardest thing to let go of when you are automating
- 36:04growth. OK.
- 36:08Interview, interview, interview, interview, interview.
- 36:21Yeah, yeah. Sorry.
- 36:24Yeah, Yeah, yeah, yeah, yeah, yeah, yeah, yeah.